Education
About Us
Working with TipRanks
Follow Us
Vertical Aerospace (EVTL)
NYSE:EVTL
Top Page
Vertical Aerospace
(NYSE:EVTL)
28Underperform
Positive Factors
Financial Stability
Vertical Aerospace announced an agreement with its primary creditor to add $180M in capital to the company's balance sheet, enhancing financial stability.
Strategic Partnerships
Partnerships with CAE Inc and Microsoft should support pilot training and software needs to operate and maintain fleets.
Negative Factors
Financial Performance
Vertical Aerospace released its Q3/24 earnings results today, with a quarterly operating loss of (~£30M) and a net loss per share of (£1.48).
Vertical Aerospace (EVTL) vs. S&P 500 (SPY)
Market Cap
$307.77M
Dividend YieldN/A
Average Volume (3M)384.29K
Price to Earnings (P/E)―
Beta (1Y)2.72
Revenue GrowthN/A
EPS Growth23.26%
CountryUS
Employees306
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-0.39
Shares Outstanding84,552,720
10 Day Avg. Volume272,376
30 Day Avg. Volume384,287
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)-0.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$12.75Price Target Upside276.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Vertical Aerospace Business Overview & Revenue Model
Company DescriptionVertical Aerospace (EVTL) is a pioneering company in the aerospace sector, focused on developing cutting-edge electric vertical take-off and landing (eVTOL) aircraft. The company aims to revolutionize urban air mobility by providing sustainable, zero-emission aerial transportation solutions. Vertical Aerospace's core products include the development and commercialization of advanced eVTOL aircraft designed for urban environments, with an emphasis on safety, efficiency, and environmental sustainability.
How the Company Makes MoneyVertical Aerospace makes money primarily through the sale and leasing of its eVTOL aircraft to commercial operators and other stakeholders in the urban air mobility ecosystem. The company engages in partnerships with aerospace suppliers, technology firms, and transport service providers to enhance its product offerings and market reach. Revenue streams are also expected from maintenance services, pilot training, and potentially from software solutions related to air traffic management and operations. Strategic collaborations with key industry players and pre-orders from potential customers are significant factors contributing to its financial model.
Vertical Aerospace Financial Statement Overview
Summary
Vertical Aerospace exhibits significant financial challenges with no revenue generation, increasing net losses, and negative equity. These factors point to considerable financial instability and reliance on external funding, common in early-stage aerospace companies. While there are slight improvements in cash management, the overall financial health is concerning.Income Statement
The company shows no revenue over recent periods, with persistent and increasing net losses. This is a concern for profitability and revenue generation capability. Gross profit margins and EBIT margins are negative, reflecting operational inefficiencies and high expenses relative to nonexistent revenue, typical of a company in the development stage.20
Very Negative
Balance Sheet
The company has negative stockholders' equity, indicating that liabilities exceed assets, a potential risk for financial stability. The debt-to-equity ratio cannot be calculated due to negative equity, which suggests high leverage and financial risk. The equity ratio is also negative, further highlighting the imbalance between debt and equity.15
Very Negative
Cash Flow
Operating cash flow is consistently negative, signaling challenges in generating cash from operations. The free cash flow is also negative, although it has shown slight improvement over the latest period, indicating potential efficiency in capital expenditure. However, the company remains heavily reliant on external financing.25
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 132.00K | 87.00K | 70.00K | Gross Profit |
| -3.71M | 0.00 | 0.00 | 68.00K | 43.00K | 4.00K | EBIT |
| -86.96M | -101.95M | -98.11M | -277.24M | -11.52M | -7.45M | EBITDA |
| -81.94M | -101.06M | -96.06M | -243.71M | -10.86M | -7.14M | Net Income Common Stockholders |
| -63.76M | -59.95M | -76.11M | -245.78M | -12.33M | -7.48M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 257.25K | 48.68M | 122.81M | 212.66M | 839.00K | 1.03M | Total Assets |
| 1.83M | 84.08M | 151.24M | 233.33M | 8.88M | 7.31M | Total Debt |
| 291.50K | 2.62M | 3.16M | 1.94M | 7.33M | 1.17M | Net Debt |
| 34.25K | -46.06M | -59.77M | -210.72M | 6.49M | 137.00K | Total Liabilities |
| 786.00K | 133.86M | 143.92M | 171.77M | 9.82M | 3.14M | Stockholders Equity |
| 1.04M | -49.78M | 7.32M | 61.56M | -938.00K | 4.16M |
| Cash Flow | Free Cash Flow | ||||
| -49.35M | -76.96M | -105.72M | -30.91M | -12.40M | -9.38M | Operating Cash Flow |
| -48.82M | -74.70M | -103.71M | -27.55M | -12.01M | -7.28M | Investing Cash Flow |
| 492.00K | 61.38M | -62.96M | -3.35M | -688.00K | -2.83M | Financing Cash Flow |
| -356.86K | 169.00K | 7.25M | 244.71M | 12.51M | 10.87M |
Vertical Aerospace Technical Analysis
Negative
3.39
Price Trends
6.70
Negative
6.57
Negative
7.18
Negative
Market Momentum
-0.67
Negative
30.16
Neutral
19.09
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVTL, the sentiment is Negative. The current price of 3.39 is below the 20-day moving average (MA) of 4.51, below the 50-day MA of 6.70, and below the 200-day MA of 7.18, indicating a bearish trend. The MACD of -0.67 indicates Negative momentum. The RSI at 30.16 is Neutral, neither overbought nor oversold. The STOCH value of 19.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EVTL.
Vertical Aerospace Risk Analysis
Vertical Aerospace disclosed 77 risk factors in its most recent earnings report. Vertical Aerospace reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Vertical Aerospace Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $8.16B | 12.85 | 0.64% | 3.04% | 3.83% | -15.83% | |
56 Neutral | $227.89M | ― | -20.73% | ― | 12.04% | -30.50% | |
43 Neutral | $14.95M | ― | -157.31% | ― | -25.03% | 42.78% | |
43 Neutral | $3.69B | ― | -95.88% | ― | ― | 17.43% | |
40 Underperform | $4.75B | ― | -62.47% | ― | -86.82% | -7.68% | |
37 Underperform | $1.10B | ― | -74.78% | ― | ― | -23.79% | |
28 Underperform | $307.77M | ― | 115.25% | ― | ― | 23.26% |
* Industrials Sector Average
Performance Comparison
EVTL
Vertical Aerospace
3.39
-3.29
-49.25%
WKHS
Workhorse Group
0.36
-5.02
-93.31%
BLDE
Blade Air Mobility
2.91
0.20
7.38%
JOBY
Joby Aviation
6.03
0.68
12.71%
EVEX
Eve Holding
3.70
-1.52
-29.12%
ACHR
Archer Aviation
6.81
1.67
32.49%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.