Viasat
Market Cap
US$2.4b
Last Updated
2020/03/31 00:48 UTC
Data Sources
Company Financials +
Executive Summary
Viasat, Inc. provides broadband and communications products and services worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with mediocre balance sheet.
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: VSAT's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
8.1%
VSAT
5.5%
US Communications
7.2%
US Market
1 Year Return
-51.3%
VSAT
-27.1%
US Communications
-10.4%
US Market
Return vs Industry: VSAT underperformed the US Communications industry which returned -28.7% over the past year.
Return vs Market: VSAT underperformed the US Market which returned -12.7% over the past year.
Shareholder returns
| VSAT | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.1% | 5.5% | 7.2% |
| 30 Day | -33.0% | -1.6% | -12.6% |
| 90 Day | -47.4% | -16.4% | -19.4% |
| 1 Year | -51.3%-51.3% | -25.6%-27.1% | -8.5%-10.4% |
| 3 Year | -39.0%-39.0% | 12.8%6.3% | 15.8%8.3% |
| 5 Year | -36.3%-36.3% | 43.6%28.1% | 35.8%21.0% |
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
4 months ago | Simply Wall St
Executive VP of Strategic Initiatives & Chief Commercial Officer Is The Executive VP of Strategic Initiatives & Chief Commercial Officer of Viasat, Inc. (NASDAQ:VSAT) And They Just Sold 57% Of Their Shares4 months ago | Simply Wall St
Does Viasat, Inc.'s (NASDAQ:VSAT) CEO Salary Reflect Performance?5 months ago | Simply Wall St
Is Viasat (NASDAQ:VSAT) A Risky Investment?Valuation
Is Viasat undervalued compared to its fair value and its price relative to the market?
3288.36x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate VSAT's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate VSAT's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: VSAT is poor value based on its PE Ratio (3301.2x) compared to the Communications industry average (21.6x).
PE vs Market: VSAT is poor value based on its PE Ratio (3301.2x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: VSAT is poor value based on its PEG Ratio (37.1x)
Price to Book Ratio
PB vs Industry: VSAT is good value based on its PB Ratio (1.2x) compared to the US Communications industry average (1.3x).
Next Steps
Future Growth
How is Viasat forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
-1.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VSAT's forecast earnings growth (89% per year) is above the savings rate (1.7%).
Earnings vs Market: VSAT's earnings (89% per year) are forecast to grow faster than the US market (12.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: VSAT's revenue (10.1% per year) is forecast to grow faster than the US market (7.3% per year).
High Growth Revenue: VSAT's revenue (10.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VSAT's Return on Equity is forecast to be low in 3 years time (3.9%).
Next Steps
Past Performance
How has Viasat performed over the past 5 years?
-58.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VSAT has a large one-off gain of $3.5M impacting its December 31 2019 financial results.
Growing Profit Margin: VSAT became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: VSAT has become profitable over the past 5 years, growing earnings by -58% per year.
Accelerating Growth: VSAT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: VSAT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Communications industry (-13.2%).
Return on Equity
High ROE: VSAT's Return on Equity (0.7%) is considered low.
Next Steps
Financial Health
How is Viasat's financial position?
Financial Position Analysis
Short Term Liabilities: VSAT's short term assets ($750.2M) exceed its short term liabilities ($538.4M).
Long Term Liabilities: VSAT's short term assets ($750.2M) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: VSAT's debt to equity ratio (74.3%) is considered high.
Reducing Debt: VSAT's debt to equity ratio has reduced from 80% to 74.3% over the past 5 years.
Balance Sheet
Inventory Level: VSAT has a high level of physical assets or inventory.
Debt Coverage by Assets: VSAT'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: VSAT is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: VSAT is profitable, therefore cash runway is not a concern.
Next Steps
Dividend
What is Viasat's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate VSAT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate VSAT'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 VSAT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if VSAT'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 VSAT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.7yrs
Average management tenure
CEO
Mark Dankberg (64yo)
33.83s
Tenure
US$10,688,877
Compensation
Mr. Mark D. Dankberg co-founded ViaSat, Inc. in May 1986 and has been its Chief Executive Officer since its inception in May 1986. Mr. Dankberg also has significant expertise as a member of the boards of d ...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD10.69M) is above average for companies of similar size in the US market ($USD5.55M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co- Founder | 33.83yrs | US$10.69m | 2.49% $59.5m | |
| President | 3.42yrs | US$6.70m | 0.24% $5.7m | |
| Senior VP & CFO | 5.67yrs | US$3.14m | 0.057% $1.4m | |
| Senior VP & President of Broadband Systems | 1.83yrs | US$3.14m | 0.021% $491.9k | |
| Senior VP & President of Government Systems | 5.67yrs | US$3.41m | 0.051% $1.2m | |
| Co-Founder | no data | US$2.00m | 0.50% $12.0m | |
| Chief Information Officer | no data | no data | no data | |
| Senior Vice President of Treasury & Corporate Development | no data | US$1.06m | 0.050% $1.2m | |
| VP, General Counsel & Secretary | 2.83yrs | no data | 0.031% $753.4k | |
| Director of Corporate Communications & Public Relations | no data | no data | no data |
5.7yrs
Average Tenure
59yo
Average Age
Experienced Management: VSAT's management team is seasoned and experienced (5.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co- Founder | 33.83yrs | US$10.69m | 2.49% $59.5m | |
| President | 3.42yrs | US$6.70m | 0.24% $5.7m | |
| Independent Director | 2.67yrs | US$261.32k | 0.0056% $132.8k | |
| Independent Director | 14.83yrs | US$295.32k | 0.088% $2.1m | |
| Independent Director | 34.17yrs | US$277.32k | 1.11% $26.5m | |
| Independent Director | no data | no data | no data | |
| Independent Director | 15.58yrs | US$277.82k | 0.031% $747.2k | |
| Lead Independent Director | 1yr | US$250.32k | 0.0058% $138.5k |
14.8yrs
Average Tenure
62yo
Average Age
Experienced Board: VSAT's board of directors are seasoned and experienced ( 14.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: VSAT insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.8%.
Top Shareholders
Company Information
Viasat, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Viasat, Inc.
- Ticker: VSAT
- Exchange: NasdaqGS
- Founded: 1986
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: US$2.393b
- Shares outstanding: 62.13m
- Website: https://www.viasat.com
Number of Employees
Location
- Viasat, Inc.
- 6155 El Camino Real
- Carlsbad
- California
- 92009
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VSAT | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Dec 1996 |
| VS1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Dec 1996 |
| 0LPE | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Dec 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 access and voice over Internet protocol services to consumers and businesses; in-flight Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems. As of March 31, 2019, this segment provided broadband Internet services to approximately 586,000 subscribers. Its Commercial Networks segment offers fixed satellite networks comprising satellite network infrastructure and ground terminals; mobile broadband satellite communication systems; and antenna systems for terrestrial and satellite applications, such as earth imaging, remote sensing, mobile satellite communication, Ka-band earth stations, and other multi-band antennas. This segment also provides design and technology services, including analysis, design, development, and specification of satellites and ground systems; ASIC and monolithic microwave integrated circuit design; and network function virtualization. The company’s Government Systems segment offers various mobile and fixed broadband modems, terminals, network access control systems, and antenna systems; cybersecurity and information assurance products and services; and tactical radio and information distribution systems to enable voice, and real-time collection and dissemination of secure real-time digital information between command centers, communications nodes, ground and maritime platforms, and air platforms. Viasat Inc. has a collaboration agreement with Facebook Inc. to enhance the deployment of high-speed Internet to communities. The company was founded in 1986 and is headquartered in Carlsbad, California.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 00:48 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
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.