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Virgin Galactic Holdings (SPCE) Fair Value & Analysis

Industrials · MX · Market cap 5.7B MXN

VG Virgin Galactic Holdings SPCE · MX
Price44.54 MXN
Fair Value20.71 MXN
Upside-53.5%
Quality18/100
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Weak Growth
Thin margins · 0.0% net margin
Moderate debt · negative free cash flow
Trails peers (2/8)
Narrow moat 5/100
Evidence: Low Range 15.50 MXN – 30.86 MXN Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated yesterday

Share price −26.1% over the past month.

Below-average quality, and screening another 53% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (30.86 MXN). The favourable scenario is already priced in.
  • Weak quality (18/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (15.50 MXN to 30.86 MXN) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

22,042 MXN 39.48 MXN Fair Value 20.71 MXN Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 39.48 MXN – 22,042 MXN · fair‑value band 15.50 MXN – 30.86 MXN · the 44.54 MXN price screens above the 20.71 MXN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Virgin Galactic Holdings (SPCE) currently trades at 44.54 MXN, while our model-based Fair Value estimate is 20.71 MXN, implying the stock looks roughly 53.5% overvalued today. The Quality Score stands at 18/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Trailing-twelve-month revenue stands at 1.3M MXN. Revenue declined 50.8% year over year. Net debt stands at 179M MXN. Fundamentals as of Aug 13, 2026

Our scenario range runs from 15.50 MXN (bear case) to 30.86 MXN (bull case); at 44.54 MXN, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 71% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -60% fair-value upside, at -53%, SPCE screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
NCAV (Graham) 18.23 MXN 24.37 MXN 36.30 MXN 50
All 1 models by family
Asset-Based
NCAV (Graham) 18.23 MXN 24.37 MXN 36.30 MXN 50

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Key figures & financial health

Revenue (TTM) 1.3M MXN
Revenue growth (YoY) -50.8%
Return on equity -105%
Free cash flow −438M MXN FY2025
Operating margin -28,895%
EPS (TTM) -67.01 MXN
More key figures
Net debt 179M MXN FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 18/100

Of which business quality 20 · Market factors (momentum, volatility) 14

Profitability 0
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Virgin Galactic Holdings, Inc., an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies.

Full company description

Virgin Galactic Holdings, Inc., an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. It engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies. Virgin Galactic Holdings, Inc. is headquartered in Tustin, California.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Virgin Galactic Holdings reported revenue of 1.5M MXN in FY2025 versus 3.3M MXN in FY2021, a compound −17.2%/yr. Reported net income was −279M MXN in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.5M MXN
Latest YoY
−78.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−12.6%
Revenue −17.2%/yr
FY21 3.3M MXN
FY22 2.3M MXN
FY23 6.8M MXN
FY24 7.0M MXN
FY25 1.5M MXN
Net income
FY21 −353M MXN
FY22 −500M MXN
FY23 −502M MXN
FY24 −347M MXN
FY25 −279M MXN

SPCE screens 53% overvalued. Compare with General Electric Company →

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Cite: Fair Value Calculator (2026). "Virgin Galactic Holdings Fair Value". https://www.fairvalue-calculator.com/stock/SPCE

Peer Group

Aerospace & Defense · 225 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 20 · Bottom 25%
Fair Value upside −54% · Above median
Return on assets -20% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Revenue growth -51% · Bottom 25%
Debt / equity 1.01× · Higher than 75% of peers

Valuation Multiples vs Aerospace & Defense median · lower = cheaper

P/B 1.23× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 0 · sector 50
PAST 0 · sector 39
HEALTH 50 · sector 94
DIVIDEND 0 · sector 15

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Weapons Defense

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
General Electric Company GE $365.33 $116.71 -68%
RTX Corporation RTX $222.76 $88.37 -60%
The Boeing Company BA $231.20 $49.09 -79%
China CSSC Holdings 600150 ¥33.89 ¥21.90 -35%
HD Hyundai Heavy Industries Co 329180 496,000 KRW 272,966 KRW -45%
Hanwha Aerospace Co 012450 1,156,000 KRW 573,468 KRW -50%
ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi ASELS 346.75 TRY 130.70 TRY -62%
Saab AB SAABB kr 680.10 kr 212.84 -69%
Kongsberg Gruppen ASA KOG kr 330.10 kr 101.07 -69%
HD Korea Shipbuilding & Offshore Engineering Co 009540 371,500 KRW 643,950 KRW +73%

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Frequently asked questions

Is Virgin Galactic Holdings (SPCE) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 20.71 MXN versus a price of 44.54 MXN, about −53% (overvalued).
What is the fair value of SPCE?
Our model-based fair value for Virgin Galactic Holdings is 20.71 MXN (as of Aug 13, 2026), built from audited fundamentals. The current price is 44.54 MXN.
What is the quality score of SPCE?
Virgin Galactic Holdings has a Quality Score of 18/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Virgin Galactic Holdings (SPCE)?
Virgin Galactic Holdings reported trailing-twelve-month revenue of about 1.3M MXN (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SPCE?
The net profit margin of Virgin Galactic Holdings is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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