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VIASAT INC (VSAT) Stock Fundamental Analysis

NASDAQ:VSAT - Nasdaq - US92552V1008 - Common Stock - Currency: USD

15.02  -0.38 (-2.47%)

After market: 15.05 +0.03 (+0.2%)

Fundamental Rating

2

Taking everything into account, VSAT scores 2 out of 10 in our fundamental rating. VSAT was compared to 50 industry peers in the Communications Equipment industry. VSAT has a bad profitability rating. Also its financial health evaluation is rather negative. VSAT is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

VSAT had negative earnings in the past year.
In the past year VSAT had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: VSAT reported negative net income in multiple years.
VSAT had a positive operating cash flow in each of the past 5 years.
VSAT Yearly Net Income VS EBIT VS OCF VS FCFVSAT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B -1B

1.2 Ratios

VSAT has a Return On Assets of -3.72%. This is comparable to the rest of the industry: VSAT outperforms 50.00% of its industry peers.
VSAT has a Return On Equity (-12.63%) which is in line with its industry peers.
VSAT's Return On Invested Capital of 0.78% is in line compared to the rest of the industry. VSAT outperforms 54.00% of its industry peers.
Industry RankSector Rank
ROA -3.72%
ROE -12.63%
ROIC 0.78%
ROA(3y)1.26%
ROA(5y)0.72%
ROE(3y)-1.84%
ROE(5y)-1.19%
ROIC(3y)N/A
ROIC(5y)N/A
VSAT Yearly ROA, ROE, ROICVSAT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 -20

1.3 Margins

Looking at the Operating Margin, with a value of 3.02%, VSAT is in line with its industry, outperforming 60.00% of the companies in the same industry.
In the last couple of years the Operating Margin of VSAT has grown nicely.
Looking at the Gross Margin, with a value of 32.97%, VSAT is doing worse than 64.00% of the companies in the same industry.
VSAT's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 3.02%
PM (TTM) N/A
GM 32.97%
OM growth 3YN/A
OM growth 5Y12.66%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.12%
GM growth 5Y1.7%
VSAT Yearly Profit, Operating, Gross MarginsVSAT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

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2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VSAT is destroying value.
The number of shares outstanding for VSAT has been increased compared to 1 year ago.
Compared to 5 years ago, VSAT has more shares outstanding
The debt/assets ratio for VSAT is higher compared to a year ago.
VSAT Yearly Shares OutstandingVSAT Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
VSAT Yearly Total Debt VS Total AssetsVSAT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

Based on the Altman-Z score of 0.49, we must say that VSAT is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of VSAT (0.49) is comparable to the rest of the industry.
VSAT has a Debt/Equity ratio of 1.43. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.43, VSAT is not doing good in the industry: 82.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.43
Debt/FCF N/A
Altman-Z 0.49
ROIC/WACC0.11
WACC6.84%
VSAT Yearly LT Debt VS Equity VS FCFVSAT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

A Current Ratio of 1.72 indicates that VSAT should not have too much problems paying its short term obligations.
VSAT has a Current ratio (1.72) which is comparable to the rest of the industry.
VSAT has a Quick Ratio of 1.55. This is a normal value and indicates that VSAT is financially healthy and should not expect problems in meeting its short term obligations.
VSAT has a Quick ratio of 1.55. This is comparable to the rest of the industry: VSAT outperforms 60.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.72
Quick Ratio 1.55
VSAT Yearly Current Assets VS Current LiabilitesVSAT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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4

3. Growth

3.1 Past

VSAT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -187.10%.
Looking at the last year, VSAT shows a small growth in Revenue. The Revenue has grown by 5.50% in the last year.
VSAT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.37% yearly.
EPS 1Y (TTM)-187.1%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-136.25%
Revenue 1Y (TTM)5.5%
Revenue growth 3Y23.2%
Revenue growth 5Y14.37%
Sales Q2Q%-0.25%

3.2 Future

VSAT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.73% yearly.
The Revenue is expected to grow by 2.72% on average over the next years.
EPS Next Y44.3%
EPS Next 2Y29.28%
EPS Next 3Y21.73%
EPS Next 5YN/A
Revenue Next Year2.65%
Revenue Next 2Y3.12%
Revenue Next 3Y2.72%
Revenue Next 5YN/A

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 decreasing.
VSAT Yearly Revenue VS EstimatesVSAT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B 4B
VSAT Yearly EPS VS EstimatesVSAT Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 5 -5 10

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1

4. Valuation

4.1 Price/Earnings Ratio

VSAT 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 VSAT. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
VSAT Price Earnings VS Forward Price EarningsVSAT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20

4.2 Price Multiples

98.00% of the companies in the same industry are more expensive than VSAT, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 4.93
VSAT Per share dataVSAT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

A more expensive valuation may be justified as VSAT's earnings are expected to grow with 21.73% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y29.28%
EPS Next 3Y21.73%

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0

5. Dividend

5.1 Amount

VSAT does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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VIASAT INC

NASDAQ:VSAT (7/11/2025, 8:00:02 PM)

After market: 15.05 +0.03 (+0.2%)

15.02

-0.38 (-2.47%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)05-20 2025-05-20/amc
Earnings (Next)08-06 2025-08-06/amc
Inst Owners96.01%
Inst Owner Change-0.01%
Ins Owners1.86%
Ins Owner Change-34.44%
Market Cap1.96B
Analysts73.33
Price Target20.06 (33.56%)
Short Float %21.38%
Short Ratio6.8
Dividend
Industry RankSector Rank
Dividend Yield N/A
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)0
Avg EPS beat(2)-216.15%
Min EPS beat(2)-323.88%
Max EPS beat(2)-108.42%
EPS beat(4)1
Avg EPS beat(4)-120.61%
Min EPS beat(4)-323.88%
Max EPS beat(4)44.83%
EPS beat(8)2
Avg EPS beat(8)-248.88%
EPS beat(12)4
Avg EPS beat(12)-239.64%
EPS beat(16)6
Avg EPS beat(16)-123.62%
Revenue beat(2)0
Avg Revenue beat(2)-1.23%
Min Revenue beat(2)-1.85%
Max Revenue beat(2)-0.6%
Revenue beat(4)1
Avg Revenue beat(4)-0.05%
Min Revenue beat(4)-1.85%
Max Revenue beat(4)2.78%
Revenue beat(8)4
Avg Revenue beat(8)4.13%
Revenue beat(12)4
Avg Revenue beat(12)-1.5%
Revenue beat(16)4
Avg Revenue beat(16)-4.56%
PT rev (1m)1.72%
PT rev (3m)-4.84%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-178.23%
EPS NY rev (1m)-46.68%
EPS NY rev (3m)-51.12%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.09%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.34%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.43
P/FCF N/A
P/OCF 2.16
P/B 0.43
P/tB 7.06
EV/EBITDA 4.93
EPS(TTM)-4.45
EYN/A
EPS(NY)-2.48
Fwd EYN/A
FCF(TTM)-0.94
FCFYN/A
OCF(TTM)6.97
OCFY46.4%
SpS34.68
BVpS34.94
TBVpS2.13
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.72%
ROE -12.63%
ROCE 0.99%
ROIC 0.78%
ROICexc 0.89%
ROICexgc 1.37%
OM 3.02%
PM (TTM) N/A
GM 32.97%
FCFM N/A
ROA(3y)1.26%
ROA(5y)0.72%
ROE(3y)-1.84%
ROE(5y)-1.19%
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
ROICexcg growth 3YN/A
ROICexcg growth 5Y9.89%
ROICexc growth 3YN/A
ROICexc growth 5Y3.03%
OM growth 3YN/A
OM growth 5Y12.66%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.12%
GM growth 5Y1.7%
F-Score6
Asset Turnover0.29
Health
Industry RankSector Rank
Debt/Equity 1.43
Debt/FCF N/A
Debt/EBITDA 4.36
Cap/Depr 75.7%
Cap/Sales 22.79%
Interest Coverage 0.35
Cash Conversion 60.66%
Profit Quality N/A
Current Ratio 1.72
Quick Ratio 1.55
Altman-Z 0.49
F-Score6
WACC6.84%
ROIC/WACC0.11
Cap/Depr(3y)147.12%
Cap/Depr(5y)172.83%
Cap/Sales(3y)34.76%
Cap/Sales(5y)38.27%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-187.1%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-136.25%
EPS Next Y44.3%
EPS Next 2Y29.28%
EPS Next 3Y21.73%
EPS Next 5YN/A
Revenue 1Y (TTM)5.5%
Revenue growth 3Y23.2%
Revenue growth 5Y14.37%
Sales Q2Q%-0.25%
Revenue Next Year2.65%
Revenue Next 2Y3.12%
Revenue Next 3Y2.72%
Revenue Next 5YN/A
EBIT growth 1Y115.45%
EBIT growth 3YN/A
EBIT growth 5Y28.85%
EBIT Next Year1831.43%
EBIT Next 3Y173.55%
EBIT Next 5YN/A
FCF growth 1Y85.67%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y31.97%
OCF growth 3Y21.56%
OCF growth 5Y15.76%