Added to YB: 2021-07-19
Pitch date: 2021-07-19
SPCE [bearish]
Virgin Galactic Holdings, Inc.
+99.5%
current return
Author Info
No bio for this author
Company Info
Virgin Galactic Holdings, Inc., an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies.
Market Cap
$460.9M
Pitch Price
$621.80
Price Target
24.00 (+667%)
Dividend
N/A
EV/EBITDA
-2.05
P/E
-0.96
EV/Sales
453.88
Sector
Aerospace and Defense
Category
value
SPCE Coming Back Down to Earth
SPCE (short): Virgin Galactic’s pre-commercial space-tourism business is priced well ahead of execution, with paying flights not expected before 2022 and further funding likely as it builds spacecraft and spaceports. A generous model using $30M of 2022 sales, a 200x multiple and roughly 250M diluted shares yields $24 per share, about 21% below $30.20. Successful flights and retail momentum could still push the stock higher.
Read full article (9 min)