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VIRGIN GALACTIC HOLDINGS INC (SPCE) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:SPCE - US92766K4031 - Common Stock

3.205 USD
+0.06 (+1.75%)
Last: 1/9/2026, 10:14:02 AM
Fundamental Rating

2

Overall SPCE gets a fundamental rating of 2 out of 10. We evaluated SPCE against 71 industry peers in the Aerospace & Defense industry. Both the profitability and financial health of SPCE have multiple concerns. While showing a medium growth rate, SPCE is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

SPCE had negative earnings in the past year.
SPCE had a negative operating cash flow in the past year.
SPCE had negative earnings in each of the past 5 years.
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

Looking at the Return On Assets, with a value of -34.28%, SPCE is doing worse than 81.69% of the companies in the same industry.
SPCE's Return On Equity of -129.53% is on the low side compared to the rest of the industry. SPCE is outperformed by 83.10% 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. Health

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.
Compared to 1 year ago, SPCE has a worse debt to assets ratio.
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

SPCE has an Altman-Z score of -4.98. This is a bad value and indicates that SPCE is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of -4.98, SPCE is not doing good in the industry: 87.32% of the companies in the same industry are doing better.
SPCE has a Debt/Equity ratio of 1.87. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.87, SPCE is not doing good in the industry: 83.10% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.87
Debt/FCF N/A
Altman-Z -4.98
ROIC/WACCN/A
WACC6.45%
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

SPCE has a Current Ratio of 2.87. This indicates that SPCE is financially healthy and has no problem in meeting its short term obligations.
SPCE has a Current ratio (2.87) which is comparable to the rest of the 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 78.87% 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

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 56.97% over the past year.
SPCE shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -82.36%.
SPCE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.23% yearly.
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

Based on estimates for the next years, SPCE will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.62% on average per year.
Based on estimates for the next years, SPCE will show a very strong growth in Revenue. The Revenue will grow by 170.64% on average per year.
EPS Next Y59.16%
EPS Next 2Y32.46%
EPS Next 3Y25.31%
EPS Next 5Y15.62%
Revenue Next Year-75.07%
Revenue Next 2Y162.16%
Revenue Next 3Y268.8%
Revenue Next 5Y170.64%

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. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for SPCE. In the last year negative earnings were reported.
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 80

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 25.31% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y32.46%
EPS Next 3Y25.31%

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0

5. Dividend

5.1 Amount

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

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VIRGIN GALACTIC HOLDINGS INC

NYSE:SPCE (1/9/2026, 10:14:02 AM)

3.205

+0.06 (+1.75%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)11-13 2025-11-13/amc
Earnings (Next)02-24 2026-02-24/amc
Inst Owners20.61%
Inst Owner Change-0.02%
Ins Owners0.58%
Ins Owner Change0%
Market Cap202.56M
Revenue(TTM)1.66M
Net Income(TTM)-292.60M
Analysts51.43
Price Target4.2 (31.05%)
Short Float %23.24%
Short Ratio3.39
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)-0.8%
PT rev (3m)5.23%
EPS NQ rev (1m)1.59%
EPS NQ rev (3m)14.58%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)7.66%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-55.06%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-24.41%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 121.95
P/FCF N/A
P/OCF N/A
P/B 0.9
P/tB 0.9
EV/EBITDA N/A
EPS(TTM)-7.41
EYN/A
EPS(NY)-3.57
Fwd EYN/A
FCF(TTM)-7.28
FCFYN/A
OCF(TTM)-4.25
OCFYN/A
SpS0.03
BVpS3.57
TBVpS3.57
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 -4.98
F-Score2
WACC6.45%
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 Y59.16%
EPS Next 2Y32.46%
EPS Next 3Y25.31%
EPS Next 5Y15.62%
Revenue 1Y (TTM)-82.36%
Revenue growth 3Y28.84%
Revenue growth 5Y13.23%
Sales Q2Q%-9.2%
Revenue Next Year-75.07%
Revenue Next 2Y162.16%
Revenue Next 3Y268.8%
Revenue Next 5Y170.64%
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.