NasdaqGS:VSAT

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

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


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.4%

VSAT

-7.1%

US Communications

-4.1%

US Market


1 Year Return

-50.4%

VSAT

-20.6%

US Communications

12.0%

US Market

Return vs Industry: VSAT underperformed the US Communications industry which returned -20.6% over the past year.

Return vs Market: VSAT underperformed the US Market which returned 12% over the past year.


Shareholder returns

VSATIndustryMarket
7 Day-5.4%-7.1%-4.1%
30 Day-1.7%-6.7%-0.2%
90 Day-11.0%-21.3%2.8%
1 Year-50.4%-50.4%-18.3%-20.6%14.6%12.0%
3 Year-47.3%-47.3%7.0%-0.2%35.8%26.8%
5 Year-49.0%-49.0%28.6%14.2%75.2%55.6%

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

Valuation

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

1.03x

Price to Book (PB) 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 unprofitable, so we can't compare its PE Ratio to the US Communications industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: VSAT is good value based on its PB Ratio (1x) compared to the US Communications industry average (1.7x).


Next Steps

Future Growth

How is Viasat forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

133.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VSAT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

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

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

Revenue vs Market: VSAT's revenue (10.9% per year) is forecast to grow faster than the US market (10% per year).

High Growth Revenue: VSAT's revenue (10.9% 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 (0.4%).


Next Steps

Past Performance

How has Viasat performed over the past 5 years?

-45.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VSAT is currently unprofitable.

Growing Profit Margin: VSAT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VSAT is unprofitable, and losses have increased over the past 5 years at a rate of 45.3% per year.

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

Earnings vs Industry: VSAT is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (-7.9%).


Return on Equity

High ROE: VSAT has a negative Return on Equity (0.72%), as it is currently unprofitable.


Next Steps

Financial Health

How is Viasat's financial position?


Financial Position Analysis

Short Term Liabilities: VSAT's short term assets ($921.5M) exceed its short term liabilities ($565.2M).

Long Term Liabilities: VSAT's short term assets ($921.5M) do not cover its long term liabilities ($2.2B).


Debt to Equity History and Analysis

Debt Level: VSAT's debt to equity ratio (84.9%) is considered high.

Reducing Debt: VSAT's debt to equity ratio has increased from 80.1% to 84.9% over the past 5 years.


Balance Sheet


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 has sufficient cash runway for 11 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: VSAT is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Viasat 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 recent payouts.

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

3.4yrs

Average management tenure


CEO

Mark Dankberg (65 yo)

34.42yrs

Tenure

US$11,768,446

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 ($USD11.77M) is above average for companies of similar size in the US market ($USD4.53M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Mark Dankberg
Co- Founder34.42yrsUS$11.77m2.29%
$ 52.2m
Richard Baldridge
President4.08yrsUS$10.05m0.22%
$ 5.0m
Shawn Duffy
Senior VP & CFO6.33yrsUS$3.68m0.053%
$ 1.2m
Kevin Harkenrider
Executive VP of Global Operations & COO0.75yrUS$3.11m0.022%
$ 512.4k
Ken Peterman
Senior VP & President of Government Systems6.33yrsUS$4.53m0.048%
$ 1.1m
Mark Miller
Co-Founderno dataUS$2.00m0.46%
$ 10.5m
Krishna Nathan
Chief Information Officer0.58yrno datano data
Robert Blair
VP, General Counsel & Secretary3.42yrsno data0.029%
$ 661.2k
Christina Phillips
Director of Corporate Communications & Public Relationsno datano datano data
Melinda Kimbro
Senior VP of People & Culture and Chief People Officer1.75yrsno datano data
Keven Lippert
Executive VP of Strategic Initiatives & Chief Commercial Officer2.75yrsUS$3.68m0.0058%
$ 132.3k
Paul Castor
Chief Corporate Counsel & VPno datano datano data

3.4yrs

Average Tenure

58.5yo

Average Age

Experienced Management: VSAT's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mark Dankberg
Co- Founder34.42yrsUS$11.77m2.29%
$ 52.2m
Richard Baldridge
President4.08yrsUS$10.05m0.22%
$ 5.0m
Varsha Rao
Independent Director3.25yrsUS$312.75k0.0090%
$ 204.4k
Robert Johnson
Independent Director34.75yrsUS$318.50k1.02%
$ 23.3m
Theresa Wise
Independent Director0.58yrUS$353.68kno data
John Stenbit
Independent Director16.17yrsUS$328.75k0.031%
$ 709.8k
Sean Pak
Lead Independent Director1.58yrsUS$328.75k0.0077%
$ 175.7k

4.1yrs

Average Tenure

61yo

Average Age

Experienced Board: VSAT's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 10.1%.


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$2.282b
  • Shares outstanding: 67.50m
  • 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. It operates through three segments: Satellite Services, Commercial Networks, and Government Systems. The company’s Satell ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 04:25
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.