(EVTL) Vertical Aerospace - Overview
Sector: Industrials | Industry: Aerospace & Defense | Exchange: NYSE (USA) | Market Cap: 334m USD | Total Return: -57.5% in 12m
Avg Turnover: 6.28M
Warnings
Negative Equity with losses - insolvent profile
Share dilution 23.9% YoY
Interest Coverage Ratio -41.4 is critical
Altman Z'' -15.00 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Vertical Aerospace Ltd. (EVTL) is a United Kingdom-based aerospace manufacturer focused on the development and commercialization of electric vertical takeoff and landing (eVTOL) aircraft. The companys primary project is the VX4, a zero-operating-emission vehicle designed for the emerging advanced air mobility market. Headquartered in Bristol, the firm manages the full lifecycle of its aircraft, from initial design through manufacturing and sales.
The eVTOL sector operates within a rigorous regulatory framework, requiring certification from aviation authorities like the CAA and EASA before commercial deployment can occur. Unlike traditional aviation, this business model relies on battery-electric propulsion systems to reduce carbon footprints and noise levels in urban environments. For a deeper look at the underlying fundamentals, consider reviewing the detailed metrics on ValueRay.
- VX4 aircraft certification timeline determines path to commercial revenue generation
- Strategic partnership funding and capital raises impact liquidity and dilution
- Pre-order backlog conversion to firm contracts drives future cash flow
- Regulatory approval from UK CAA and EASA dictates market entry
- Battery technology advancements and supply chain costs influence manufacturing margins
| Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM) |
| FCF/TA: -0.91 > 0.02 and ΔFCF/TA -39.85 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA -0.90 > 3% & CFO -104.5m > Net Income -252.2m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 0.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (142.5m) vs 12m ago 23.87% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.0% > 50% (prev 8.38%; Δ -8.38% > 0%) |
| Interest Coverage Ratio: -41.37 > 6 (EBITDA TTM -423.8m / Interest Expense TTM 10.3m) |
| A: -0.13 (Total Current Assets 109.9m - Total Current Liabilities 125.4m) / Total Assets 116.0m |
| B: -7.38 (Retained Earnings -856.6m / Total Assets 116.0m) |
| C: -3.40 (EBIT TTM -426.9m / Avg Total Assets 125.5m) |
| D: -5.54 (Book Value of Equity -711.5m / Total Liabilities 128.3m) |
| Altman-Z'' = -53.62 = D |
As of May 26, 2026, the stock is trading at USD 2.62 with a total of 3,516,384 shares traded.
Over the past week, the price has changed by +2.75%,
over one month by +10.08%,
over three months by -36.71% and
over the past year by -57.47%.
Vertical Aerospace has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy EVTL.
- StrongBuy: 3
- Buy: 1
- Hold: 1
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 10 | 282.8% |
Market Cap GBP = 247.5m (333.6m USD * 0.7419 USD.GBP)
P/E Forward = 6.3371
P/S = 10738.1865
P/B = 41.2851
Revenue TTM = 0.0 GBP
EBIT TTM = -426.9m GBP
EBITDA TTM = -423.8m GBP
Long Term Debt = 2.17m GBP (estimated: total debt 90.0m - short term 87.9m)
Short Term Debt = 87.9m GBP (from shortTermDebt, last quarter)
Debt = 93.1m GBP (from shortLongTermDebtTotal, last quarter) + Leases 3.01m
Net Debt = 19.7m GBP (calculated: Debt 93.1m - CCE 73.4m)
Enterprise Value = 267.2m GBP (247.5m + Debt 93.1m - CCE 73.4m)
Interest Coverage Ratio = -41.37 (Ebit TTM -426.9m / Interest Expense TTM 10.3m)
EV/FCF = -2.54x (Enterprise Value 267.2m / FCF TTM -105.1m)
FCF Yield = -39.32% (FCF TTM -105.1m / Enterprise Value 267.2m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 15.2m) / Revenue TTM)
Tobins Q-Ratio = 2.30 (Enterprise Value 267.2m / Total Assets 116.0m)
Interest Expense / Debt = 11.09% (Interest Expense 10.3m / Debt 93.1m)
Taxrate = 0.79% (482k / 61.3m)
NOPAT = -423.5m (EBIT -426.9m * (1 - 0.79%)) [loss with tax shield]
Current Ratio = 0.88 (Total Current Assets 109.9m / Total Current Liabilities 125.4m)
Debt / Equity = -7.56 (negative equity) (Debt 93.1m / totalStockholderEquity, last quarter -12.3m)
Debt / EBITDA = -0.05 (negative EBITDA) (Net Debt 19.7m / EBITDA -423.8m)
Debt / FCF = -0.19 (negative FCF - burning cash) (Net Debt 19.7m / FCF TTM -105.1m)
Total Stockholder Equity = -100.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -201.0% (out of range, set to none)
RoE = -33.36% (Net Income TTM -252.2m / Total Stockholder Equity 756.2m)
RoCE = -56.29% (EBIT -426.9m / Capital Employed (Equity 756.2m + L.T.Debt 2.17m))
RoIC = -1.37k% (out of range, set to none) (NOPAT -423.5m / Invested Capital 31.0m)
WACC = 13.46% (E(247.5m)/V(340.5m) * Re(14.39%) + D(93.1m)/V(340.5m) * Rd(11.09%) * (1-Tc(0.01)))
Discount Rate = 14.39% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 82.22 | Cagr: 144.1%
[DCF] Fair Price = unknown (Cash Flow -105.1m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.19 | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: 0.0 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.39 | Chg30d=-3.06% | Revisions=+0% | Analysts=4
EPS next Quarter (2026-09-30): EPS=-0.39 | Chg30d=-10.71% | Revisions=+0% | Analysts=4
EPS current Year (2026-12-31): EPS=-0.80 | Chg30d=+38.02% | Revisions=-25% | GrowthEPS=-130.5% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=-0.89 | Chg30d=+22.73% | Revisions=-25% | GrowthEPS=-11.4% | GrowthRev=+0.0%
[Analyst] Revisions Ratio: -25%