Virgin Galactic Holdings, Inc.

NYSE:SPCE Stock Report

Market Cap: US$194.0m

Virgin Galactic Holdings Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: SPCE ($7.15) is trading below our estimate of fair value ($126.1)

Significantly Below Fair Value: SPCE is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As SPCE is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for SPCE. This is calculated by dividing SPCE's market cap by their current revenue.
What is SPCE's PS Ratio?
PS Ratio21.9x
SalesUS$9.42m
Market CapUS$194.04m

Price to Sales Ratio vs Peers

How does SPCE's PS Ratio compare to its peers?

The above table shows the PS ratio for SPCE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average10.2x
AZ A2Z Cust2Mate Solutions
26.7xn/aUS$164.1m
SATL Satellogic
9.3xn/aUS$115.7m
TATT TAT Technologies
1.7xn/aUS$236.0m
ISSC Innovative Solutions and Support
3x52.0%US$130.7m
SPCE Virgin Galactic Holdings
21.9x68.1%US$194.0m

Price-To-Sales vs Peers: SPCE is expensive based on its Price-To-Sales Ratio (21.9x) compared to the peer average (10.2x).

Price to Sales Ratio vs Industry

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

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
VVX V2X
0.5x5.2%US$1.93b
LLAP Terran Orbital
0.4x29.5%US$51.22m
SIF SIFCO Industries
0.2xn/aUS$23.98m
AIRI Air Industries Group
0.3x8.9%US$14.52m
SPCE 21.9xIndustry Avg. 2.6xNo. of Companies10PS0246810+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SPCE is expensive based on its Price-To-Sales Ratio (21.9x) compared to the US Aerospace & Defense industry average (2.6x).

Price to Sales Ratio vs Fair Ratio

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

SPCE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio21.9x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate SPCE's Price-To-Sales 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 SPCE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$7.15
US$15.33
+114.5%
81.0%US$41.00US$5.00n/a6
Nov ’25US$6.61
US$12.67
+91.6%
123.0%US$47.00US$1.00n/a6
Oct ’25US$5.84
US$13.67
+134.0%
130.2%US$53.00US$1.00n/a6
Sep ’25US$6.69
US$18.67
+179.0%
100.9%US$53.00US$1.00n/a6
Aug ’25US$6.40
US$39.83
+522.4%
62.5%US$80.00US$8.00n/a6
Jul ’25US$7.93
US$43.67
+450.7%
54.5%US$80.00US$15.00n/a6
Jun ’25US$17.29
US$46.00
+166.0%
49.5%US$80.00US$15.00n/a7
May ’25US$18.55
US$53.13
+186.4%
45.9%US$100.00US$20.00n/a8
Apr ’25US$28.60
US$55.00
+92.3%
40.4%US$100.00US$35.00n/a8
Mar ’25US$33.80
US$55.00
+62.7%
40.4%US$100.00US$35.00n/a8
Feb ’25US$35.80
US$58.75
+64.1%
39.2%US$100.00US$35.00n/a8
Jan ’25US$49.00
US$53.75
+9.7%
48.9%US$100.00US$20.00n/a8
Dec ’24US$46.80
US$53.75
+14.9%
48.9%US$100.00US$20.00n/a8
Nov ’24US$29.80
US$87.50
+193.6%
48.1%US$160.00US$20.00US$6.618
Oct ’24US$36.00
US$88.89
+146.9%
39.6%US$160.00US$60.00US$5.849
Sep ’24US$51.60
US$88.89
+72.3%
39.6%US$160.00US$60.00US$6.699
Aug ’24US$82.80
US$88.78
+7.2%
40.3%US$160.00US$60.00US$6.409
Jul ’24US$77.60
US$88.78
+14.4%
40.3%US$160.00US$60.00US$7.939
Jun ’24US$75.00
US$88.78
+18.4%
40.3%US$160.00US$60.00US$17.299
May ’24US$71.40
US$90.00
+26.1%
48.0%US$180.00US$50.00US$18.559
Apr ’24US$81.00
US$97.00
+19.8%
41.8%US$180.00US$50.00US$28.6010
Mar ’24US$94.60
US$100.00
+5.7%
37.9%US$180.00US$60.00US$33.8010
Feb ’24US$112.40
US$100.00
-11.0%
45.1%US$220.00US$60.00US$35.8011
Jan ’24US$69.60
US$118.00
+69.5%
50.5%US$240.00US$60.00US$49.0010
Dec ’23US$104.00
US$118.00
+13.5%
50.5%US$240.00US$60.00US$46.8010
Nov ’23US$95.80
US$138.00
+44.1%
51.8%US$280.00US$65.00US$29.8010

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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