Vertical Aerospace Ltd.

NYSE:EVTL Stock Report

Market Cap: US$106.9m

Vertical Aerospace Valuation

Is EVTL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of EVTL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate EVTL's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate EVTL's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EVTL?

Key metric: As EVTL is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for EVTL. This is calculated by dividing EVTL's market cap by their current book value.
What is EVTL's PB Ratio?
PB Ratio-2x
Book-UK£42.08m
Market CapUK£85.34m

Price to Book Ratio vs Peers

How does EVTL's PB Ratio compare to its peers?

The above table shows the PB ratio for EVTL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average5.1x
BUKS Butler National
1.8xn/aUS$99.7m
VTSI VirTra
1.9x-2.0%US$86.7m
SPAI Safe Pro Group
14.9xn/aUS$62.9m
CVU CPI Aerostructures
1.9xn/aUS$48.6m
EVTL Vertical Aerospace
n/a-13.0%US$106.9m

Price-To-Book vs Peers: EVTL has negative equity and a Price-To-Book Ratio (-2x) compared to the peer average (5.1x).

Price to Book Ratio vs Industry

How does EVTL's PB Ratio compare vs other companies in the US Aerospace & Defense Industry?

3 CompaniesPrice / BookEstimated GrowthMarket Cap
SPCE Virgin Galactic Holdings
0.6x44.5%US$206.46m
SIDU Sidus Space
0.6xn/aUS$5.35m
VORB.Q Virgin Orbit Holdings
0.02xn/aUS$1.18m
No more companies available in this PB range
EVTL is unprofitableIndustry Avg. 3.1xNo. of Companies9PB02.44.87.29.612+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: EVTL has negative equity and a Price-To-Book Ratio (-2x) compared to the US Aerospace & Defense industry average (3.1x).

Price to Book Ratio vs Fair Ratio

What is EVTL's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EVTL PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio-2x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate EVTL's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst EVTL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$4.79
US$14.56
+204.0%
2.4%US$14.91US$14.20n/a2
Nov ’25US$4.99
US$12.47
+149.8%
28.3%US$14.96US$7.48n/a3
Oct ’25US$6.78
US$12.47
+83.9%
28.3%US$14.96US$7.48n/a3
Sep ’25US$8.65
US$12.58
+45.4%
27.8%US$15.06US$7.64n/a3
Aug ’25US$8.80
US$13.35
+51.8%
31.5%US$17.52US$7.59n/a3
Jul ’25US$7.18
US$10.84
+51.0%
28.6%US$14.99US$7.53n/a3
Jun ’25US$7.00
US$10.84
+54.8%
28.6%US$14.99US$7.53n/a3
May ’25US$7.79
US$10.74
+37.9%
28.5%US$14.85US$7.50n/a3
Apr ’25US$11.60
US$10.74
-7.4%
28.5%US$14.85US$7.50n/a3
Mar ’25US$6.90
US$10.92
+58.3%
28.2%US$14.97US$7.51n/a3
Feb ’25US$7.04
US$9.30
+32.1%
13.4%US$10.34US$7.55n/a3
Jan ’25US$6.88
US$9.36
+36.1%
14.0%US$10.29US$7.51n/a3
Dec ’24US$6.75
US$9.36
+38.7%
14.0%US$10.29US$7.51n/a3
Nov ’24US$8.41
US$20.77
+147.0%
32.2%US$29.99US$14.37US$4.993
Oct ’24US$11.80
US$20.77
+76.0%
32.2%US$29.99US$14.37US$6.783
Sep ’24US$15.10
US$21.34
+41.3%
31.9%US$30.72US$14.81US$8.653
Aug ’24US$18.20
US$22.09
+21.4%
30.6%US$31.20US$15.04US$8.803
Jul ’24US$19.70
US$30.63
+55.5%
28.5%US$41.40US$20.00US$7.183
Jun ’24US$19.20
US$35.33
+84.0%
15.2%US$40.69US$29.97US$7.002
May ’24US$18.30
US$45.13
+146.6%
10.8%US$50.00US$40.25US$7.792
Apr ’24US$21.20
US$45.13
+112.9%
10.8%US$50.00US$40.25US$11.602
Mar ’24US$20.00
US$45.41
+127.1%
10.4%US$50.16US$40.67US$6.902
Feb ’24US$20.70
US$45.41
+119.4%
10.4%US$50.16US$40.67US$7.042
Jan ’24US$33.90
US$45.41
+34.0%
10.4%US$50.16US$40.67US$6.882
Dec ’23US$36.20
US$45.41
+25.4%
10.4%US$50.16US$40.67US$6.752
Nov ’23US$46.60
US$64.48
+38.4%
23.8%US$79.84US$49.12US$8.412

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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