VIRGIN GALACTIC HOLDINGS INC (SPCE) Fundamental Analysis & Valuation

NYSE:SPCE • US92766K4031

2.52 USD
-0.04 (-1.56%)
At close: Mar 6, 2026
2.46 USD
-0.06 (-2.38%)
Pre-Market: 3/9/2026, 8:57:19 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This SPCE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to SPCE. SPCE was compared to 78 industry peers in the Aerospace & Defense industry. SPCE may be in some trouble as it scores bad on both profitability and health. While showing a medium growth rate, SPCE is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

0

1. SPCE Profitability Analysis

1.1 Basic Checks

  • In the past year SPCE has reported negative net income.
  • In the past year SPCE has reported a negative cash flow from operations.
  • In the past 5 years SPCE always reported negative net income.
  • SPCE had a negative operating cash flow in each of the past 5 years.
SPCE Yearly Net Income VS EBIT VS OCF VS FCFSPCE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 -200M -400M -600M

1.2 Ratios

  • The Return On Assets of SPCE (-34.28%) is worse than 80.77% of its industry peers.
  • SPCE has a worse Return On Equity (-129.53%) than 84.62% of its industry peers.
Industry RankSector Rank
ROA -34.28%
ROE -129.53%
ROIC N/A
ROA(3y)-40.85%
ROA(5y)-47.15%
ROE(3y)-103.71%
ROE(5y)-94.59%
ROIC(3y)N/A
ROIC(5y)N/A
SPCE Yearly ROA, ROE, ROICSPCE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40 -60 -80 -100

1.3 Margins

  • SPCE does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
SPCE Yearly Profit, Operating, Gross MarginsSPCE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 0 -50K -100K -150K -200K -250K

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3

2. SPCE Health Analysis

2.1 Basic Checks

  • SPCE does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, SPCE has more shares outstanding
  • The number of shares outstanding for SPCE has been reduced compared to 5 years ago.
  • SPCE has a worse debt/assets ratio than last year.
SPCE Yearly Shares OutstandingSPCE Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
SPCE Yearly Total Debt VS Total AssetsSPCE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • Based on the Altman-Z score of -5.00, we must say that SPCE is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of SPCE (-5.00) is worse than 84.62% of its industry peers.
  • A Debt/Equity ratio of 1.87 is on the high side and indicates that SPCE has dependencies on debt financing.
  • SPCE has a Debt to Equity ratio of 1.87. This is in the lower half of the industry: SPCE underperforms 78.21% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.87
Debt/FCF N/A
Altman-Z -5
ROIC/WACCN/A
WACC6.2%
SPCE Yearly LT Debt VS Equity VS FCFSPCE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 2.87 indicates that SPCE has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 2.87, SPCE is in line with its industry, outperforming 55.13% of the companies in the same industry.
  • SPCE has a Quick Ratio of 2.87. This indicates that SPCE is financially healthy and has no problem in meeting its short term obligations.
  • SPCE has a better Quick ratio (2.87) than 74.36% of its industry peers.
Industry RankSector Rank
Current Ratio 2.87
Quick Ratio 2.87
SPCE Yearly Current Assets VS Current LiabilitesSPCE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. SPCE Growth Analysis

3.1 Past

  • SPCE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 56.97%, which is quite impressive.
  • SPCE shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -82.36%.
  • The Revenue has been growing by 13.23% on average over the past years. This is quite good.
EPS 1Y (TTM)56.97%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%59.02%
Revenue 1Y (TTM)-82.36%
Revenue growth 3Y28.84%
Revenue growth 5Y13.23%
Sales Q2Q%-9.2%

3.2 Future

  • The Earnings Per Share is expected to grow by 15.62% on average over the next years. This is quite good.
  • SPCE is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 172.13% yearly.
EPS Next Y62.1%
EPS Next 2Y32.89%
EPS Next 3Y25.55%
EPS Next 5Y15.62%
Revenue Next Year-75.48%
Revenue Next 2Y153.88%
Revenue Next 3Y267.05%
Revenue Next 5Y172.13%

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
SPCE Yearly Revenue VS EstimatesSPCE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 200M 400M 600M 800M 1B
SPCE Yearly EPS VS EstimatesSPCE Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -10 -20 -30

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1

4. SPCE Valuation Analysis

4.1 Price/Earnings Ratio

  • SPCE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for SPCE. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
SPCE Price Earnings VS Forward Price EarningsSPCE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
SPCE Per share dataSPCE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 -4 -6

4.3 Compensation for Growth

  • SPCE's earnings are expected to grow with 25.55% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y32.89%
EPS Next 3Y25.55%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. SPCE Dividend Analysis

5.1 Amount

  • SPCE does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

SPCE Fundamentals: All Metrics, Ratios and Statistics

VIRGIN GALACTIC HOLDINGS INC

NYSE:SPCE (3/6/2026, 8:04:00 PM)

Premarket: 2.46 -0.06 (-2.38%)

2.52

-0.04 (-1.56%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)11-13
Earnings (Next)03-30
Inst Owners19.98%
Inst Owner Change8.99%
Ins Owners0.5%
Ins Owner Change0%
Market Cap184.29M
Revenue(TTM)1.66M
Net Income(TTM)-292.60M
Analysts51.43
Price Target4.16 (65.08%)
Short Float %23.4%
Short Ratio4.13
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)33.37%
Min EPS beat(2)25.73%
Max EPS beat(2)41.01%
EPS beat(4)4
Avg EPS beat(4)25.09%
Min EPS beat(4)13.07%
Max EPS beat(4)41.01%
EPS beat(8)8
Avg EPS beat(8)22.54%
EPS beat(12)10
Avg EPS beat(12)17.99%
EPS beat(16)11
Avg EPS beat(16)10.54%
Revenue beat(2)0
Avg Revenue beat(2)-17.94%
Min Revenue beat(2)-26.29%
Max Revenue beat(2)-9.6%
Revenue beat(4)1
Avg Revenue beat(4)-25.94%
Min Revenue beat(4)-80.85%
Max Revenue beat(4)12.99%
Revenue beat(8)2
Avg Revenue beat(8)-35.04%
Revenue beat(12)4
Avg Revenue beat(12)-14.4%
Revenue beat(16)7
Avg Revenue beat(16)44.24%
PT rev (1m)0%
PT rev (3m)-1.81%
EPS NQ rev (1m)0%
EPS NQ rev (3m)11.43%
EPS NY rev (1m)0%
EPS NY rev (3m)7.15%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.88%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.63%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 110.95
P/FCF N/A
P/OCF N/A
P/B 0.82
P/tB 0.82
EV/EBITDA N/A
EPS(TTM)-7.41
EYN/A
EPS(NY)-3.41
Fwd EYN/A
FCF(TTM)-6.29
FCFYN/A
OCF(TTM)-3.67
OCFYN/A
SpS0.02
BVpS3.09
TBVpS3.09
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -34.28%
ROE -129.53%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-40.85%
ROA(5y)-47.15%
ROE(3y)-103.71%
ROE(5y)-94.59%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score2
Asset Turnover0
Health
Industry RankSector Rank
Debt/Equity 1.87
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 1148.55%
Cap/Sales 11535.3%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.87
Quick Ratio 2.87
Altman-Z -5
F-Score2
WACC6.2%
ROIC/WACCN/A
Cap/Depr(3y)422.61%
Cap/Depr(5y)296.8%
Cap/Sales(3y)1032.44%
Cap/Sales(5y)2081.01%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)56.97%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%59.02%
EPS Next Y62.1%
EPS Next 2Y32.89%
EPS Next 3Y25.55%
EPS Next 5Y15.62%
Revenue 1Y (TTM)-82.36%
Revenue growth 3Y28.84%
Revenue growth 5Y13.23%
Sales Q2Q%-9.2%
Revenue Next Year-75.48%
Revenue Next 2Y153.88%
Revenue Next 3Y267.05%
Revenue Next 5Y172.13%
EBIT growth 1Y24.23%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year41.95%
EBIT Next 3Y28.37%
EBIT Next 5Y26.38%
FCF growth 1Y10.49%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y44.5%
OCF growth 3YN/A
OCF growth 5YN/A

VIRGIN GALACTIC HOLDINGS INC / SPCE FAQ

Can you provide the ChartMill fundamental rating for VIRGIN GALACTIC HOLDINGS INC?

ChartMill assigns a fundamental rating of 2 / 10 to SPCE.


What is the valuation status for SPCE stock?

ChartMill assigns a valuation rating of 1 / 10 to VIRGIN GALACTIC HOLDINGS INC (SPCE). This can be considered as Overvalued.


How profitable is VIRGIN GALACTIC HOLDINGS INC (SPCE) stock?

VIRGIN GALACTIC HOLDINGS INC (SPCE) has a profitability rating of 0 / 10.


What is the financial health of VIRGIN GALACTIC HOLDINGS INC (SPCE) stock?

The financial health rating of VIRGIN GALACTIC HOLDINGS INC (SPCE) is 3 / 10.