Virgin Orbit Holdings, Inc.

Report azionario OTCPK:VORB.Q

Capitalizzazione di mercato: US$1.2m

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Virgin Orbit Holdings Gestione

Criteri Gestione verificati 0/4

Al momento non disponiamo di informazioni sufficienti sull'amministratore delegato.

Informazioni chiave

Dan Hart

Amministratore delegato

US$4.5m

Compenso totale

Percentuale dello stipendio del CEO11.01%
Mandato del CEO1.7yrs
Proprietà del CEOn/a
Durata media del management1.7yrs
Durata media del Consiglio di amministrazione1.7yrs

Aggiornamenti recenti sulla gestione

Recent updates

Seeking Alpha • Oct 20

Virgin Orbit: Space Is The Ceiling For The TAM

Summary Virgin Orbit Holdings, Inc. operates in a nascent industry that has a very large TAM. Virgin Orbit Holdings' proprietary launch technology sets it apart from peers. Virgin Orbit Holdings' strong ties with government and the Virgin brand lend strong creditability. Overview I believe Virgin Orbit Holdings, Inc. (VORB) is grossly undervalued. My thoughts are that there are strong tailwinds to support VORB’s expected growth over the coming decade. It is true that there are risks associated with VORB today given they are not generating meaningful revenue or profits, but their strong execution history gives comfort that they will be able to meet guidance. Business description VORB is a vertically integrated company engaged in providing small satellite launch capabilities. VORB has three key offerings: Commercial & Civil: catering to both the U.S. and international markets, offers dedicated and rideshare launch services. This includes the civil spaceport concept, where a foreign nation can buy or lease VORB mobile launch system ground equipment as well as the company’s aircraft, allowing the convenience of in-county launch capability. This way, any country can become spacefaring using its existing airport facilities. National Security & Defense: For U.S. and allied government customers, national security launch and mission services are offered. This includes agencies under the defense department, the intelligence community, the space force, and the Air force. Also in the pipeline is the government squadron service, where the entire air-launch system is sold to the government to be operated directly, allowing enhanced responsiveness and flexibility. VORB also offers missile defense target applications and hypersonic research and development activities due to the availability of distinct features of the LauncherOne hypersonic system. Space solutions: end-to-end value-added services for the "internet of things" and " earth observation" applications through the integration of satellite constellations owned by the company and agreements with satellite operators. Under the satellite-as-a-service model, VORB plans to use its own satellites to serve government and business clients in the US and around the world by 2023. Investments thesis Space is the ceiling for the TAM By 2030, the total addressable market [TAM] of VORB is expected to be worth USD75 billion! The space industry is vast and growing rapidly due to many factors. Because of recent technological advances, the costs of satellite manufacturing and launch have been reduced, allowing space solutions to reach multiple end-markets such as communications, maritime, logistics, and national security and defense. The advancement of space technology in the areas of satellite bandwidth and throughput, allowing for higher rates of data transfer and the miniaturizing of satellite components during the last decade, has been driven mainly by the private sector. Euroconsult Research shows that 2020 marked a milestone in the journey of commercial satellite launches, with small satellites comprising 95% of the market. VORB management estimates (as per their S-1 filing) that the small satellite industry will become a USD 29 billion business by 2029. The U.S. and its allies need to keep and improve their space capabilities because they depend more and more on space technology for national security and defense (communications, navigation, precise location information, and global monitoring are key areas of focus). Euroconsult’s Government Space Programs 2020 report predicts world governments to spend approximately USD 80 billion by 2024, investing heavily in research and development on military technologies as well as maintaining existing systems. National Defense Magazine also says that the hypersonic segment is also the part of the DoD budget that is growing the fastest, with a compound annual growth rate of 21% from 2021 to 2025. This shows how much more the sector is focusing on technological innovation. Proprietary launch technology The company appears to have shattered the paradigm of ground-based launch, which has remained virtually unaltered for 60 years, by launching rockets from a modified Boeing 747-400 airplane flying at approximately Mach 1 speeds. VORB estimates that this technology provides a platform that is 30% more effective than ground-based technologies because it is more adaptable and responsive. Among tiny rocket launchers, the company offers the lowest launch cost per kilogram. These rockets can reach any desired orbit thanks to the system's mobility, which enables it to launch from any government-licensed horizontal spaceport that can accommodate a Boeing 747-400 aircraft. The secretiveness, responsiveness, and durability of the VORB system also make it stand out and make it a better deal for their military industry clients. The fact that ESG investors favor VORB's technology is another advantage. Normally, it was necessary to locate launch facilities far from locations with a dense population of people. The majority of conventional ground launch stations were chosen on wildlife reserves. Because of the smoke and soot that are emitted, as well as the loudness of the actual blast that occurs at ground level upon rocket ignition, ground-based launch systems are often a considerable contributor to air, ground, and noise pollution. All of these elements have a substantial negative influence on the pristine natural settings that our rivals employ for launch operations. On the other hand, VORB air-launch technology gives ground-based systems a benefit by having less of an influence on the surrounding environment. Their air-launch technology only makes noise and harms the environment at a height of about 35,000 feet. This makes a big difference in the amount of noise and carbon emissions in the area and how they affect local species. Vertically integrated model improves scalability VORB can construct rocket tanks in days as opposed to months thanks to their automated composite manufacturing method. Additionally, because of their partnership with DMG MORI (GDMOF), VORB benefits from their sophisticated manufacturing technology, which has contributed to a cycle time reduction of more than ten times. Over 90% of every rocket is made within their highly integrated processes. The VORB plant is now producing four rockets, with a yearly manufacturing capacity of about 20 rockets. The factory is scalable, so expanding production capacity can be done by adding new work cell. 2Q22 earnings Strong ties with the government lend creditability to expand internationally With contracts from the Space Force, Air Force, and other organizations, as well as being chosen for the "Orbital Services Program-4" IDIQ and taking part in the "Advanced Battle Management System" exercise with USSPACECOM in September 2020, VORB has a proven record of accomplishment with government and national security contracts. VORB's management intends to continue to broaden VORB's participation abroad by utilizing the U.S. Government's enormous reach and alignment with allies. Regarding performance abroad, VORB has already launched satellites for a variety of international customers. They have additional launches scheduled for a variety of other international customers. VORB has stated ambitions to launch from foreign civil spaceports, including the United Kingdom, Japan, and Brazil, illustrates their unique capacity to also serve worldwide clients from their territory. 2Q22 earnings The Virgin brand The Virgin brand has a track record of innovation, dependability, and providing excellent customer experiences, in addition to a track record of safe flights. The reach of Virgin has been crucial in creating important client ties in the civic, commercial, national security, and defense sectors. The family of companies under Virgin Group has also provided significant potential anchor partners for VORB’s targeted applications in the space solutions business. For instance, they might be able to connect ship management for Virgin Voyages and aircraft management for Virgin Atlantic Forecast My model's primary goal is to demonstrate the significant upside if VORB can hit management's long-term guidance. First of all, the model is extremely sensitive to growth rates and margins as this is an 18-year DCF model. There are 2 stages to my model. The first stage (FY23 to FY30) is based on management guidance, and the second stage is a declining growth model (to 2% in FY40) to indicate VORB maturing. A key part of my model is a very high discount rate of 15%, as the VORB business model is still in its nascent stage, and as an investor, I would need a higher rate of return to justify investing in it
Seeking Alpha • Sep 20

Wagner join hands with Virgin Orbit to bring national air-launch capability to Australia

Wagner Corporation and Virgin Orbit (NASDAQ:VORB) have signed an agreement to assess a potential LauncherOne demonstration mission from the Toowoomba Wellcamp Airport. The move will allow the companies to begin the process of implementing a national launch capability from Australia, with the goal of providing satellite launch services from the Toowoomba Wellcamp Airport using Virgin Orbit’s LauncherOne System. Both parties are exploring the potential to certify Toowoomba Wellcamp Airport as a national spaceport to perform an orbital launch demonstration as early as 2024. The collaboration will focus its initial efforts on tailoring LauncherOne operations from Toowoomba Wellcamp Airport to comply with Australian launch licensing regulatory requirements and spaceport-specific operations. Further, both companies aim to develop a roadmap for how LauncherOne’s Mobile Ground Support Equipment and other infrastructure could be built and staged at Toowoomba Wellcamp Airport.
Seeking Alpha • Aug 12

Virgin Orbit GAAP EPS of -$0.10, revenue of $5K

Virgin Orbit press release (NASDAQ:VORB): Q2 GAAP EPS of -$0.10. Revenue of $5K, compared to $1.69M in second quarter 2021. Cash and cash equivalents of $122.1 million as of June 30, 2022. Adjusted EBITDA of ($34.4 million), compared to ($39.7 million) in the same prior year period.
Articolo di analisi • Apr 07

Companies Like Virgin Orbit Holdings (NASDAQ:VORB) Are In A Position To Invest In Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
Seeking Alpha • Apr 01

Virgin Orbit: A Play On Rapid Growth

Virgin Orbit is not faring well fundamentally, but it's important to view the company as a growth story, not a value play. The company continues to perform operationally with its launches and it ended 2021 with a significant increase in backlog year-over-year. For investors who believe in industry forecasts, this could well be an attractive play, but investors who are value-oriented should tread cautiously.
Seeking Alpha • Jan 27

Virgin Orbit Stock: What To Consider About This Recent IPO

Virgin Orbit is now publicly traded, building on the success of its first commercial orbital launches in 2021. The company is targeting a significant opportunity in the growing demand for deployments of low Earth orbit satellites. While the stock has been volatile amid the broader market selloff, a compelling business model supports a positive long-term outlook.

Analisi delle retribuzioni degli amministratori delegati

Come è cambiata la remunerazione di Dan Hart rispetto agli utili di Virgin Orbit Holdings?
DataCompenso totaleStipendioUtili della società
Dec 31 2022US$5mUS$500k

-US$191m

Sep 30 2022n/an/a

-US$181m

Jun 30 2022n/an/a

-US$176m

Mar 31 2022n/an/a

-US$188m

Dec 31 2021US$3mUS$511k

-US$157m

Sep 30 2021n/an/a

-US$102m

Jun 30 2021n/an/a

-US$107m

Mar 31 2021n/an/a

-US$108m

Dec 31 2020US$824kUS$449k

-US$122m

Compensazione vs Mercato: La retribuzione totale di Dan ($USD 4.54M ) è superiore alla media delle aziende di dimensioni simili nel mercato US ($USD 659.85K ).

Compensazione vs guadagni: La retribuzione di Dan è aumentata nonostante l'azienda non sia redditizia.

AMMINISTRATORE DELEGATO

Dan Hart (61 yo)

1.7yrs
Mandato
US$4,542,944
Compensazione

Mr. Daniel M. Hart, also known as Dan, served as Vice President of Government Satellite Systems for Boeing Network & Space Systems at The Boeing Company. He is Chief Executive Officer and Director of Virgi...

Gruppo dirigente

NomePosizioneMandatoCompensazioneProprietà
Daniel Hart
CEO & Director1.7yrsUS$4.54mNessun dato
Jim Simpson
Chief Strategy Officer1.7yrsUS$1.61m0.0032%
$ 37.6
Brita O'Rear
VP & CFO1.7yrsNessun dato0.022%
$ 263.2
Stephen Zhang
Vice President of Investor Relationsno dataNessun datoNessun dato
Derrick Boston
Chief Legal Officer & Corporate Secretary1.7yrsNessun dato0.0089%
$ 105.2
1.7yrs
Durata media
59.5yo
Età media

Gestione esperta: Il team dirigenziale di VORB.Q non è considerato esperto (durata media 1.7 anni), il che suggerisce un nuovo team.

Membri del Consiglio di amministrazione

NomePosizioneMandatoCompensazioneProprietà
Daniel Hart
CEO & Director1.7yrsUS$4.54mNessun dato
Gregory Summe
Independent Director1.7yrsNessun dato1.03%
$ 12.1k
George Mattson
Independent Director1.7yrsNessun dato1.03%
$ 12.1k
Alan Carr
Independent Directorless than a yearNessun datoNessun dato
Susan Helms
Independent Director1.7yrsUS$232.01k0.00069%
$ 8.1
Katharina McFarland
Independent Director1.7yrsUS$232.13k0.0014%
$ 16.7
Jill Frizzley
Independent Directorless than a yearNessun datoNessun dato
Abdulla Shadid
Independent Director1.7yrsNessun datoNessun dato
1.7yrs
Durata media
59yo
Età media

Consiglio di amministrazione esperto: Il consiglio di amministrazione di VORB.Q non è considerato esperto (durata media del mandato 1.7 anni), il che suggerisce un nuovo consiglio.

Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2023/08/04 15:21
Prezzo dell'azione a fine giornata2023/08/02 00:00
Utili2022/12/31
Utili annuali2022/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; disponiamo inoltre di guide su come utilizzare i nostri report e di tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

Virgin Orbit Holdings, Inc. è coperta da 2 analisti. di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Joshua SullivanBenchmark Company
Austin MoellerCanaccord Genuity