(VSEC) VSE - Overview

Sector: Industrials | Industry: Aerospace & Defense | Exchange: NASDAQ (USA) | Market Cap: 4.794m USD | Total Return: 59% in 12m

Stock Aviation Parts, Maintenance, Repair, Overhaul
Total Rating 64
Safety 83
Buy Signal -0.37
Aerospace & Defense -12.6
Diversified Support Services +1.9
Market Cap: 4,794m
Avg Trading Vol: 135M USD
ATR: 5.57%
Peers RS (IBD): 81.6
Risk 5d forecast
Volatility48.0%
Rel. Tail Risk-6.84%
Reward TTM
Sharpe Ratio1.07
Alpha37.16
Character TTM
Beta1.213
Beta Downside1.561
Drawdowns 3y
Max DD27.40%
CAGR/Max DD2.33
EPS (Earnings per Share) EPS (Earnings per Share) of VSEC over the last years for every Quarter: "2021-03": 0.44, "2021-06": 0.6, "2021-09": 0.76, "2021-12": 0.53, "2022-03": 0.72, "2022-06": 0.75, "2022-09": 0.76, "2022-12": 0.68, "2023-03": 0.83, "2023-06": 0.82, "2023-09": 0.92, "2023-12": 0.85, "2024-03": 0.87, "2024-06": 0.64, "2024-09": 0.71, "2024-12": 0.9, "2025-03": 0.78, "2025-06": 0.97, "2025-09": 0.99, "2025-12": 1.16,
EPS CAGR: 13.56%
EPS Trend: 60.8%
Last SUE: 2.45
Qual. Beats: 3
Revenue Revenue of VSEC over the last years for every Quarter: 2021-03: 164.981, 2021-06: 175.112, 2021-09: 200.582, 2021-12: 210.178, 2022-03: 231.239, 2022-06: 169.761, 2022-09: 167.379, 2022-12: 171.988, 2023-03: 188.587, 2023-06: 205.223, 2023-09: 231.353, 2023-12: 235.325, 2024-03: 162.383, 2024-06: 192.828, 2024-09: 203.642, 2024-12: 299.021, 2025-03: 256.045, 2025-06: 272.139, 2025-09: 282.909, 2025-12: 301.182,
Rev. CAGR: 7.30%
Rev. Trend: 71.3%
Last SUE: 0.21
Qual. Beats: 0
Description: VSEC VSE

VSEC distributes aviation aftermarket parts and provides maintenance, repair, and overhaul services. These services are critical for maintaining airworthiness and extending the lifespan of aircraft, a common business model in the aerospace MRO sector.

The company serves both commercial and government clients. Government contracts often involve long-term agreements and specialized requirements.

VSEC was incorporated in 1959 and is headquartered in Miramar, Florida. To learn more about VSECs financial performance, consider further research on ValueRay.

Headlines to Watch Out For
  • Aviation aftermarket demand impacts parts distribution revenue
  • Government contract awards drive defense segment growth
  • MRO service volume dictates profitability
  • Supply chain disruptions increase operational costs
Piotroski VR‑10 (Strict) 3.0
Net Income: 24.6m TTM > 0 and > 6% of Revenue
FCF/TA: 0.00 > 0.02 and ΔFCF/TA 3.26 > 1.0
NWC/Revenue: 58.96% < 20% (prev 69.12%; Δ -10.16% < -1%)
CFO/TA 0.01 > 3% & CFO 27.0m > Net Income 24.6m
Net Debt (273.4m) to EBITDA (130.2m): 2.10 < 3
Current Ratio: 3.76 > 1.5 & < 3
Outstanding Shares: last quarter (22.8m) vs 12m ago 10.50% < -2%
Gross Margin: 11.88% > 18% (prev 0.11%; Δ 1.18k% > 0.5%)
Asset Turnover: 59.11% > 50% (prev 49.46%; Δ 9.66% > 0%)
Interest Coverage Ratio: 4.36 > 6 (EBITDA TTM 130.2m / Interest Expense TTM 20.6m)
Altman Z'' 3.78
A: 0.32 (Total Current Assets 893.3m - Total Current Liabilities 237.5m) / Total Assets 2.03b
B: 0.20 (Retained Earnings 395.6m / Total Assets 2.03b)
C: 0.05 (EBIT TTM 89.6m / Avg Total Assets 1.88b)
D: 0.67 (Book Value of Equity 397.3m / Total Liabilities 589.8m)
Altman-Z'' Score: 3.78 = AA
Beneish M -2.97
DSRI: 0.79 (Receivables 232.2m/227.5m, Revenue 1.11b/857.9m)
GMI: 0.90 (GM 11.88% / 10.73%)
AQI: 1.18 (AQ_t 0.49 / AQ_t-1 0.42)
SGI: 1.30 (Revenue 1.11b / 857.9m)
TATA: -0.00 (NI 24.6m - CFO 27.0m) / TA 2.03b)
Beneish M-Score: -2.97 (Cap -4..+1) = A
What is the price of VSEC shares? As of April 05, 2026, the stock is trading at USD 184.40 with a total of 1,106,736 shares traded.
Over the past week, the price has changed by +8.31%, over one month by -14.55%, over three months by -6.38% and over the past year by +58.96%.
Is VSEC a buy, sell or hold? VSE has received a consensus analysts rating of 4.86. Therefore, it is recommended to buy VSEC.
  • StrongBuy: 6
  • Buy: 1
  • Hold: 0
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the VSEC price?
Wallstreet Target Price 262 42.1%
Analysts Target Price 262 42.1%
VSEC Fundamental Data Overview as of 04 April 2026
P/E Trailing = 68.0837
P/E Forward = 45.2489
P/S = 4.3104
P/B = 3.3328
P/EG = 3.004
Revenue TTM = 1.11b USD
EBIT TTM = 89.6m USD
EBITDA TTM = 130.2m USD
Long Term Debt = 285.3m USD (from longTermDebt, last quarter)
Short Term Debt = 13.8m USD (from shortTermDebt, last quarter)
Debt = 342.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 273.4m USD (from netDebt column, last quarter)
Enterprise Value = 5.07b USD (4.79b + Debt 342.8m - CCE 69.4m)
Interest Coverage Ratio = 4.36 (Ebit TTM 89.6m / Interest Expense TTM 20.6m)
EV/FCF = 887.7x (Enterprise Value 5.07b / FCF TTM 5.71m)
FCF Yield = 0.11% (FCF TTM 5.71m / Enterprise Value 5.07b)
FCF Margin = 0.51% (FCF TTM 5.71m / Revenue TTM 1.11b)
Net Margin = 2.21% (Net Income TTM 24.6m / Revenue TTM 1.11b)
Gross Margin = 11.88% ((Revenue TTM 1.11b - Cost of Revenue TTM 980.1m) / Revenue TTM)
Gross Margin QoQ = 13.36% (prev 12.04%)
Tobins Q-Ratio = 2.50 (Enterprise Value 5.07b / Total Assets 2.03b)
Interest Expense / Debt = 0.24% (Interest Expense 833k / Debt 342.8m)
Taxrate = 27.28% (8.36m / 30.7m)
NOPAT = 65.2m (EBIT 89.6m * (1 - 27.28%))
Current Ratio = 3.76 (Total Current Assets 893.3m / Total Current Liabilities 237.5m)
Debt / Equity = 0.24 (Debt 342.8m / totalStockholderEquity, last quarter 1.44b)
Debt / EBITDA = 2.10 (Net Debt 273.4m / EBITDA 130.2m)
Debt / FCF = 47.90 (Net Debt 273.4m / FCF TTM 5.71m)
Total Stockholder Equity = 1.09b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.30% (Net Income 24.6m / Total Assets 2.03b)
RoE = 2.24% (Net Income TTM 24.6m / Total Stockholder Equity 1.09b)
RoCE = 6.49% (EBIT 89.6m / Capital Employed (Equity 1.09b + L.T.Debt 285.3m))
RoIC = 4.44% (NOPAT 65.2m / Invested Capital 1.47b)
WACC = 9.58% (E(4.79b)/V(5.14b) * Re(10.25%) + D(342.8m)/V(5.14b) * Rd(0.24%) * (1-Tc(0.27)))
Discount Rate = 10.25% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 19.98%
[DCF] Terminal Value 76.62% ; FCFF base≈5.71m ; Y1≈7.04m ; Y5≈12.0m
 [DCF] Fair Price = N/A (negative equity: EV 155.4m - Net Debt 273.4m = -118.0m; debt exceeds intrinsic value)
 EPS Correlation: 60.78 | EPS CAGR: 13.56% | SUE: 2.45 | # QB: 3
Revenue Correlation: 71.35 | Revenue CAGR: 7.30% | SUE: 0.21 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.90 | Chg7d=+0.001 | Chg30d=-0.149 | Revisions Net=-2 | Analysts=8
EPS current Year (2026-12-31): EPS=4.59 | Chg7d=-0.045 | Chg30d=+0.174 | Revisions Net=-5 | Growth EPS=+17.0% | Growth Revenue=+49.2%
EPS next Year (2027-12-31): EPS=5.83 | Chg7d=+0.013 | Chg30d=+0.223 | Revisions Net=-2 | Growth EPS=+27.0% | Growth Revenue=+28.8%
[Analyst] Revisions Ratio: -0.50 (1 Up / 3 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 8.8% (Discount Rate 10.2% - Earnings Yield 1.5%)
[Growth] Growth Spread = +12.0% (Analyst 20.8% - Implied 8.8%)
External Resources
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