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Viasat Inc (VSAT) stock analysis

VSATNasdaqCommunications Services, NECFiscal year ends March 31
Financials through Q2 FY2027, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 6, 2026Score 6/3022% above fair value
$71.24−3.88 (-5.16%)

Close on Nov 12, 2026Market cap $9.81BP/E –Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value1Growth1Performance2Health2Dividend0

Weak6 of 30 checks passed

Viasat passes 6 of the 30 checks behind our score; 13 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
1/6
Growth
1/6
Past performance
2/6
Financial health
2/6
Dividend
0/6

What stands out

  • Revenue growing 10%+ a year

    Revenue grew 22.0% a year over the last three fiscal years.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 24.8% of total debt.

  • P/B below the industry

    Viasat's price-to-book of 2.30 is below the Communications median of 2.59.

  • Return on equity above the industry

    Viasat's return on equity of -2.1% is above the Communications median of -3.1%.

What to watch

  • Margin of safety under 20%

    The price is 21.8% above fair value, so there is no margin of safety.

  • Trading above fair value

    The share price of $75.11 is above our fair value estimate of $61.67.

  • Return on equity under 15%

    Return on equity was -2.1% over the last twelve months and averaged -0.8% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was 0.4%, below the 10% that usually covers the cost of capital.

Valuation1/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/B below the industry

    Viasat's price-to-book of 2.30 is below the Communications median of 2.59.

  • Trading above fair value

    The share price of $75.11 is above our fair value estimate of $61.67.

  • Margin of safety under 20%

    The price is 21.8% above fair value, so there is no margin of safety.

Growth1/6

  • Revenue growing 10%+ a year

    Revenue grew 22.0% a year over the last three fiscal years.

  • EPS growth over 3 years

    Needs positive EPS three years ago and today.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing slower than the industry

    Revenue grew 1.8% over the last twelve months; the Communications median is 3.0%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin trend

    This company does not report gross profit.

Past performance2/6

  • Return on equity under 15%

    Return on equity was -2.1% over the last twelve months and averaged -0.8% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was 0.4%, below the 10% that usually covers the cost of capital.

  • Return on equity above the industry

    Viasat's return on equity of -2.1% is above the Communications median of -3.1%.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin below its 5-year average

    Net margin was -2.1% over the last twelve months, against a 5-year average of 0.7%.

  • Net margin above the industry

    Viasat's net margin of -2.1% is above the Communications median of -10.4%.

Financial health2/6

  • High debt

    Debt is 143% of shareholders' equity, above the 40% we consider low.

  • Debt rising against equity

    Debt to equity rose from 78.0% five years ago to 143%.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 24.8% of total debt.

  • Interest not well covered

    Operating income covers interest expense 0.2 times; we look for at least 5.

  • Short-term assets cover short-term debts

    Current assets are 1.65 times current liabilities.

  • Elevated bankruptcy risk

    The Altman Z-score is 0.97; above 3 is the safe zone and below 1.8 the distress zone.

Dividend0/6

  • No dividend

    Viasat has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$61.67

The share price is 22% above this estimate.

20%+ below
Near fair value
20%+ above
$75.12Price$61.67Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/B1.7×0.9×2.6×$56.6629%
P/S1.5×1.0×2.0×$50.4129%
Earnings power10.6% cost of equity––$72.5243%
Fair value$61.67100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Communications median 14.4

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$175.00M
Value traded per 1% price move
$42.16M

Downside

Medium risk

Typical loss in a bad month
22.2%
Volatility (annualized)
84%
Sharpe ratio, 1 year
1.18
Beta to the S&P 500 (5Y)
1.15

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2012 to 2026

Gross margin

–

Operating margin

2.3%+4.7 pts over 5 years

Net margin

-0.7%−0.9 pts over 5 years

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