Viasat Inc

Technology
Radio And Television Broadcasting And Communications Equipment
www.viasat.com

Earnings Score
Moat Score

Market Cap $1.12B
PE -3
Debt $11.44B
Cash $3.53B
EV $9.03B
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	-$395.16M
EBIT	$79.51M
ROE	-8%
ROA	0%
Equity	$5.01B
Growth Stability	-299%
PE	-2.83
PEG	-0.09
PB	0.22
P/S	0.25
Price/Cash	3.15
Debt/Equity	2.28
Net Margins	-8%
Op. Margins	2%
Earnings CAGR	6%
Sales Growth YoY	-8%
Sales Growth QoQ	-0%
Sales CAGR	13%
Equity CAGR	17%
Earnings Stability	0.06
Earnings Growth YoY	-82%
Earnings Growth QoQ	318%

Earnings CAGR 5Y	31%
Sales CAGR 5Y	16%
Equity CAGR 5Y	26%
Earnings CAGR 3Y	32%
Sales CAGR 3Y	32%
Equity CAGR 3Y	38%
Market Cap	$1.12B
Revenue	$4.53B
Assets	$17.75B
Total Debt	$11.44B
Cash	$3.53B
Shares Outstanding	127.24M
EV	9.03B
Earnings Score	7%
Moat Score	10%
Working Capital	1.54B
Current Ratio	1.44
Shares Growth 3y	28%
Equity Growth QoQ	-2%
Equity Growth YoY	-4%

Assets & ROA

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Stockholders Equity & ROE

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Viasat Inc provides bandwidth technologies and services in three segments: satellite services, which provides satellite-based high-speed broadband services to consumers, enterprises, and commercial airlines; commercial networks, which develops end-to-end communication and connectivity systems; and government systems, which produces network-centric Internet Protocol-based secure government communication systems. A large majority of the firm's revenue is generated in the United States, with the rest coming from the Americas, Europe, Middle East, Africa, and Asia-Pacific.

SEC Filings

Direct access to Viasat Inc (VSAT) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-K Mar 31
2023
- 10-Q Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-K Mar 31
2022
- 10-Q Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-K Mar 31

Sector Comparison

How does Viasat Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Viasat Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 6%

Stability 6%

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Viasat Inc Discounted Cash Flow

Fully customizable DCF calculator online for Viasat Inc.

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	04/2015	03/2016	03/2017	03/2018	03/2019	03/2020	03/2021	03/2022	03/2023	03/2024	TTM
Net Margins	3%	2%	1%	-4%	-3%	-0%	0%	-1%	42%	-25%	-8%
ROA	-	2%	1%	-3%	-2%	1%	1%	0%	-2%	-5%	0%
ROE	-	2%	1%	-4%	-4%	-0%	0%	-1%	28%	-21%	-8%

Bad Net Margins (-7.58%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	04/2015	03/2016	03/2017	03/2018	03/2019	03/2020	03/2021	03/2022	03/2023	03/2024	TTM
Debt over FCF	-	-11.79	-8.51	-7.24	-4.72	-7.4	-18.85	-5.92	-3.57	-	-
Debt over Equity	0.77	0.84	0.51	0.6	0.76	0.93	0.79	0.95	0.65	1.49	2.28
Growth Stability	-	-	-	-246%	-	-	-	-	-	-299%	-299%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Bad Debt/Equity ratio (2.28)

The company is overleveraged and has a bad balance between equity and debt.

Bad Graham’s Stability (-299%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	04/2015	03/2016	03/2017	03/2018	03/2019	03/2020	03/2021	03/2022	03/2023	03/2024	CAGR 5Y
Revenue YoY growth	-	3%	10%	2%	30%	12%	-2%	24%	-8%	68%	16%
Earnings YoY growth	-	-45%	0%	-414%	-1%	-100%	-2K%	-521%	-7K%	-199%	31%
Equity YoY growth	-	9%	53%	6%	4%	7%	16%	12%	44%	31%	26%
FCF YoY growth	-	377%	28%	48%	102%	-17%	-61%	333%	64%	-	-