DB:VS1

Stock Analysis Report

Executive Summary

Viasat, Inc. provides broadband and communications products and services worldwide.

Snowflake

Fundamentals

Reasonable growth potential and overvalued.


Similar Companies

Share Price & News

How has Viasat's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VS1 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

6.7%

VS1

0.9%

DE Communications

0.8%

DE Market


1 Year Return

3.0%

VS1

-2.1%

DE Communications

9.0%

DE Market

Return vs Industry: VS1 exceeded the German Communications industry which returned -2.1% over the past year.

Return vs Market: VS1 underperformed the German Market which returned 9% over the past year.


Shareholder returns

VS1IndustryMarket
7 Day6.7%0.9%0.8%
30 Day0%6.7%6.3%
90 Day-9.3%10.9%14.4%
1 Year3.0%3.0%-1.5%-2.1%12.4%9.0%
3 Year-14.9%-14.9%3.2%2.4%25.6%14.5%
5 Year22.4%22.4%59.9%57.2%41.0%21.8%

Price Volatility Vs. Market

How volatile is Viasat's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Viasat undervalued compared to its fair value and its price relative to the market?

2.24x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate VS1's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate VS1's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: VS1 is unprofitable, so we can't compare its PE Ratio to the Communications industry average.

PE vs Market: VS1 is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate VS1's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VS1 is good value based on its PB Ratio (2.2x) compared to the DE Communications industry average (2.4x).


Next Steps

Future Growth

How is Viasat forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

117.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VS1 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: VS1 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: VS1's is expected to become profitable in the next 3 years.

Revenue vs Market: VS1's revenue (8.2% per year) is forecast to grow faster than the German market (4.9% per year).

High Growth Revenue: VS1's revenue (8.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VS1's Return on Equity is forecast to be low in 3 years time (6.8%).


Next Steps

Past Performance

How has Viasat performed over the past 5 years?

-61.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VS1 has large one-off items impacting its financial results.

Growing Profit Margin: VS1's current net profit margins (-0.7%) are higher than last year (-5.9%).


Past Earnings Growth Analysis

Earnings Trend: VS1 is unprofitable, and losses have increased over the past 5 years at a rate of -61.7% per year.

Accelerating Growth: Unable to compare VS1's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VS1 is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (21.6%).


Return on Equity

High ROE: VS1 has a negative Return on Equity (-0.35%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Viasat's financial position?


Financial Position Analysis

Short Term Liabilities: VS1's short term assets ($755.6M) exceeds its short term liabilities ($501.7M)

Long Term Liabilities: VS1's short term assets (755.6M) do not cover its long term liabilities (1.9B)


Debt to Equity History and Analysis

Debt Level: VS1's debt to equity ratio (71.4%) is considered high

Reducing Debt: VS1's debt to equity ratio has increased from 63.5% to 71.4% over the past 5 years.


Balance Sheet

Inventory Level: VS1 has a high level of physical assets or inventory.

Debt Coverage by Assets: VS1's debt is not covered by short term assets (assets are 0.5x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: VS1 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: VS1 has less than a year of cash runway if free cash flow continues to reduce at historical rates of -43.7% each year


Next Steps

Dividend

What is Viasat's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.6%industryaverage3.2%forecastin3Years0%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate VS1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate VS1's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if VS1's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VS1's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VS1's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of Viasat's salary, the management and board of directors tenure and is there insider trading?

4.0yrs

Average management tenure


CEO

Mark Dankberg (64yo)

33.5yrs

Tenure

US$10,688,877

Compensation

Mr. Mark D. Dankberg co-founded ViaSat, Inc. in May 1986 and has been its Chief Executive Officer since its inception in May 1986. Mr. Dankberg has significant operational, business and technological exper ...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD10.69M) is above average for companies of similar size in the German market ($USD2.62M).

Compensation vs Earnings: Mark's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

4.0yrs

Average Tenure

59yo

Average Age

Experienced Management: VS1's management team is considered experienced (4 years average tenure).


Board Age and Tenure

9.5yrs

Average Tenure

66.5yo

Average Age

Experienced Board: VS1's board of directors are considered experienced (9.5 years average tenure).


Insider Trading

Insider Buying: VS1 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$68,30629 Aug 19
Harvey White
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$68.31
SellUS$175,46514 Jun 19
Mark Miller
EntityIndividual
Role
Top Key Executive
Co-Founder
Shares2,236
Max PriceUS$78.47
SellUS$3,938,32611 Jun 19
Mark Dankberg
EntityIndividual
Role
Chief Executive Officer
Co- Founder
Shares49,022
Max PriceUS$80.34
SellUS$4,672,63503 Jun 19
Richard Baldridge
EntityIndividual
Role
Member of the Board of Directors
President
Shares60,000
Max PriceUS$78.02
SellUS$1,656,89724 Apr 19
FPR Partners LLC
EntityCompany
Shares25,000
Max PriceUS$66.37
SellUS$95,994,13224 Apr 19
FPR Partners LLC
EntityCompany
Shares1,271,818
Max PriceUS$79.71
SellUS$132,41119 Feb 19
Keven Lippert
EntityIndividual
Role
Senior Key Executive
Executive VP of Strategic Initiatives & Chief Commercial Officer
Shares2,000
Max PriceUS$66.21
SellUS$5,425,32513 Feb 19
Richard Baldridge
EntityIndividual
Role
Member of the Board of Directors
President
Shares84,401
Max PriceUS$64.28
SellUS$245,81529 Nov 18
Keven Lippert
EntityIndividual
Role
Senior Key Executive
Executive VP of Strategic Initiatives & Chief Commercial Officer
Shares4,000
Max PriceUS$61.45

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.8%.


Management Team

  • Mark Dankberg (64yo)

    Co- Founder

    • Tenure: 33.5yrs
    • Compensation: US$10.69m
  • Rick Baldridge (60yo)

    President

    • Tenure: 3.2yrs
    • Compensation: US$6.70m
  • Mark Miller (59yo)

    Co-Founder

    • Tenure: 0yrs
    • Compensation: US$2.00m
  • Ken Peterman (62yo)

    Senior VP & President of Government Systems

    • Tenure: 5.4yrs
    • Compensation: US$3.41m
  • Bruce Dirks (59yo)

    Senior Vice President of Treasury & Corporate Development

    • Tenure: 0yrs
    • Compensation: US$1.06m
  • Kevin Harkenrider (64yo)

    Senior VP & President of Broadband Systems

    • Tenure: 1.5yrs
    • Compensation: US$3.14m
  • Keven Lippert (46yo)

    Executive VP of Strategic Initiatives & Chief Commercial Officer

    • Tenure: 1.8yrs
    • Compensation: US$3.68m
  • Shawn Duffy (49yo)

    Senior VP & CFO

    • Tenure: 5.4yrs
    • Compensation: US$3.14m
  • Robert Blair (45yo)

    VP, General Counsel & Secretary

    • Tenure: 2.5yrs
  • Melinda Kimbro

    Senior VP of People & Culture and Chief People Officer

    • Tenure: 0.8yrs

Board Members

  • Varsha Rao (49yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: US$261.32k
  • Frank Biondi (74yo)

    Independent Director

    • Tenure: 4.6yrs
    • Compensation: US$274.32k
  • Mark Dankberg (64yo)

    Co- Founder

    • Tenure: 33.5yrs
    • Compensation: US$10.69m
  • Rick Baldridge (60yo)

    President

    • Tenure: 3.2yrs
    • Compensation: US$6.70m
  • Harvey White (85yo)

    Independent Director

    • Tenure: 14.5yrs
    • Compensation: US$295.32k
  • Robert Johnson (69yo)

    Independent Director

    • Tenure: 33.8yrs
    • Compensation: US$277.32k
  • John Stenbit (79yo)

    Independent Director

    • Tenure: 15.3yrs
    • Compensation: US$277.82k
  • Sean Pak (46yo)

    Lead Independent Director

    • Tenure: 0.8yrs
    • Compensation: US$250.32k

Company Information

Viasat, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Viasat, Inc.
  • Ticker: VS1
  • Exchange: DB
  • Founded: 1986
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: US$4.351b
  • Listing Market Cap: US$3.951b
  • Shares outstanding: 61.30m
  • Website: https://www.viasat.com

Number of Employees


Location

  • Viasat, Inc.
  • 6155 El Camino Real
  • Carlsbad
  • California
  • 92009
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VSATNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDDec 1996
VS1DB (Deutsche Boerse AG)YesCommon StockDEEURDec 1996
0LPELSE (London Stock Exchange)YesCommon StockGBUSDDec 1996

Biography

Viasat, Inc. provides broadband and communications products and services worldwide. The company’s Satellite Services segment offers satellite-based fixed broadband services, including broadband Internet ac ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/12 20:40
End of Day Share Price2019/11/12 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.