Viasat, Inc. (VSAT) Stock Analysis: Score 22.0/100, Valuation & FAQ

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VSAT

Viasat, Inc. · Communication Equipment

22.0Score

$72.01Oct 9 close$9.9B

1Y Target$103.94Analyst consensus · 10 analysts

5Y Target$181.79Compound horizon

10Y Target$324.90Long-dated conviction

FCF$329mTTM · 06/26

FCF $329m — modest; watch for margin expansion · TTM from SEC filings (OCF − CapEx), four quarters to 06/26.

Rev+1.3%TTM YoY

Revenue +1.3% — flat, mature phase or headwinds present · Latest four quarters of revenue vs the four before them, from SEC filings.

D/E1.47

D/E 1.47 — more levered than most Technology peers (≈90th pctile)

P/S^*2.1x

A-

P/S 2.1x — cheaper than most Technology peers (≈25th pctile)

PEG0.26

PEG 0.26 — exceptional; paying well under fair value for growth

* P/S replaces P/E — no positive earnings to divide by

Targets: 1-year is analyst consensus where covered, 5- and 10-year are model estimates; the DCF is a cross-check, not a target. Methodology

Quality-growth score · 22

Quality27.4

Growth26.2

Value14.9

Why this score

Diluting shareholders

Entry · Margin of safety

52-week rangeNear 52-week high

23% off the 12-month high

vs DCF fair value243% aboveest. fair value ~$21

What the price assumes: free cash flow growing about 37% next year, slowing to 4% a year by year ten — vs a starting rate of ~1% our model takes as the middle of three readings — analyst estimates, last year's revenue growth, and the company's own multi-year record.

Quality signals

Gross profitability27% · Bgross profit ÷ total assets — not in the score

ROIC1.3% · Creturn on invested capital — leads the quality score

Model-generatedWritten Sep 10, 2026 from the fundamentals then; figures in the text are as of that day, today's are above · Editorial standards

Why now

The bull case hinges on Viasat’s expanding satellite‑based broadband and in‑flight connectivity franchise, which is already generating $329 m of free cash flow and trades at a razor‑thin PEG of 0.26, implying massive upside on modest revenue growth of 1.3 % YoY. Our Bull Rankings model flags a strong Value pillar (67) that together with the analyst consensus 1‑yr target of $103.94 suggests the market is undervaluing the cash‑rich, contract‑backed business. The thesis rests on the continuation of cash‑flow generation as Viasat deepens its defense and commercial satellite services.

Moat

Viasat’s moat stems from its integrated satellite infrastructure that serves both commercial broadband and defense customers, creating high switching costs for airlines and government agencies that rely on secure, space‑based links. The company’s ability to design, launch and operate geostationary, medium and low‑Earth‑orbit systems gives it a proprietary end‑to‑end solution that competitors cannot replicate quickly, protecting margins despite a current negative profit margin.

Risk

The bear case centers on Viasat’s negative profit margin and ROE of –0.6 %, a high debt‑to‑equity ratio of 1.47 and a beta of 1.7, all indicating financial strain and volatility; the Bull Rankings model also signals diluting shareholders, which could erode the free‑cash‑flow base. A sustained widening of losses or a debt covenant breach would confirm the risk and invalidate the upside narrative.

Horizon

1-3 yr $103.94 (10-analyst consensus) — catalyst-driven; binary events dominate. 5 yr $181.79 — requires the platform / technology to reach commercial scale. 10 yr $324.90 — return distribution heavily skewed.

VSAT vs the Top Picks average

Pillar	VSAT	Book avg	Diff
Quality	27	83	-56
Growth	26	89	-63
Value	15	76	-61

Average of today's Top 30 (mean score 82.6); size and sector limits also decide the book.

Score history · VSAT

Trend

-25.1 over 82 daily scores

From 47.1 (Jun 22) → 22.0 (now)

One point per daily run; read From → To for the actual range.

VSAT at a glance

Same audited fundamentals as the score, unless a card says otherwise.

Analyst estimate revisions

30-day change	—
90-day change	+0.0%
Forward EPS estimate	$0.40

Over the last 90 days, what analysts expect VSAT to earn is essentially unchanged. The estimate is derived from price and forward P/E captured at the same instant, so a moving share price does not move this number — only a changed forecast does.

Estimates move both ways and are not part of the Bull Rankings score. Biggest movers →

Position sizing · VSAT

Portfolio

Risk per trade

Stop loss below entry

Shares to buy

Position size

$1,944

3.9% of portfolio

Stop price

$54.01

25% below $72.01

$ at risk if stopped

$486.07

budget $500.00 · 1% of portfolio

Math only: excludes commissions, slippage and gap risk. Inputs stay in your browser.

The Bull Rankings deep dive

Analysis as of September 15, 2026 · figures are as written that day and are not updated. Today's numbers are in the cards above.

Written by the Bull Rankings model from fundamentals as of Jun 30, 2026, and checked against those figures. How we source & verify every figure →

The Bull Rankings scorecard — our quality-growth score is 36.4 / 100, built from three pillars scored 0–100: Quality 27, Growth 26, Value 67 (valuation is judged against sector peers). At today's price, our reverse-DCF read says the market is implicitly betting on free-cash-flow growth of about 34% a year next year, fading to 3% a year by year ten — a gauge of how much optimism is already in the stock.

The thesis

Viasat’s current price of $70.61 sits on a PEG of 0.26 and a P/S of 2.1—cheap for a company that still churns out $329 million in free cash flow. Our Bull Rankings model gives VSAT a 36.4/100 quality‑growth score, with Value at 67 eclipsing Growth at 26. That imbalance tells us the stock is cheap on multiples while growth is weak. The price implicitly assumes a free‑cash‑flow growth of about 34 % in year 1 that tapers steadily over the next decade. Compared to the 1.3 % revenue growth reported for the trailing twelve months, the implied acceleration is generous. Modest revenue growth alone would not close that gap. Hence, the thesis is mixed: VSAT looks cheap on earnings multiples, but the cash‑flow math shows the price already assumes a big jump in free cash flow.

What the business actually is

Viasat operates two primary segments: Communication Services and Defense and Advanced Technologies. In the former, it sells satellite‑based broadband and narrowband communications, including fixed and mobile broadband, voice over internet protocol, and in‑flight connectivity. The latter focuses on developing and selling satellite, wireless products, and terminals, as well as designing space system solutions for geostationary, medium, and low Earth orbit. The company’s customer base ranges from commercial broadband users to defense contractors, giving it a diversified revenue engine that spans consumer, enterprise, and government markets. Its acquisition of Inmarsat expanded its maritime, aviation, and government satellite services.

Why it can (or can't) keep compounding

The durability of Viasat’s model hinges on its large satellite fleet and long‑term contracts with defense customers. The company’s free‑cash‑flow of $329 million demonstrates that it can fund growth without external financing, even with a debt‑to‑equity of 1.47. The negative profit margin of –0.6 % and ROE of –0.6 % signal that the business is still investing heavily. The model’s “Diluting shareholders” signal shows that the company’s share count is expanding, which could pressure earnings per share unless cash flow growth keeps pace. Yet, the high beta of 1.7 shows that the stock is sensitive to market swings, so any macro‑economic shift could affect demand for satellite services.

The valuation question

At $70.61, VSAT trades at P/S 2.1 and PEG 0.26—both below the Communication Equipment sector average. The reverse‑DCF implied growth of 34 % in year 1 is far above the 1.3 % revenue growth for the trailing twelve months, suggesting the market is already pricing in a significant upside. Even a meaningful lift in revenue growth would leave actual growth well short of that bar. Conversely, if revenue growth stalls, the price would be overvalued relative to cash flow. The current price therefore reflects a heavy optimism about future cash‑flow acceleration that may not be fully justified by the modest revenue trajectory.

The bear case

The most compelling skeptic points to the negative profit margin of –0.6 % and ROE of –0.6 %. These figures reveal that Viasat is barely profitable while it funds heavy satellite investment, and competition from SpaceX’s Starlink in broadband and in‑flight Wi‑Fi is intense. Coupled with a high beta of 1.7, the stock is vulnerable to market downturns that could squeeze demand for satellite broadband and defense contracts. If the company fails to convert its free cash flow into profitability, the low PEG of 0.26 will prove misleading.

What would change our mind

A sustained drop in revenue growth would erode the implied growth advantage and trigger a re‑evaluation of the PEG.
A widening loss margin would confirm that the company is still in a loss‑making phase, undermining the value argument.
A sharp rise in debt‑to‑equity would increase financial risk, especially given the high beta, and could force the company to raise capital at unfavorable terms.

If any of these thresholds are breached, the current thesis would need to be revisited.

Viasat, Inc. (VSAT): score, valuation & FAQ

Viasat, Inc. (VSAT) is a Communication Equipment company that scores 22 out of 100 on the Bull Rankings quality-growth model — a weak reading. The score blends three pillars — quality (durable returns, healthy margins, low leverage), growth (revenue and earnings), and value (valuation versus sector peers) — into one number, refreshed daily; it is a screen, not a buy recommendation.

Its strongest graded signals are PEG (A) and P/S (A-). On valuation, VSAT sits about 243% above our discounted-cash-flow fair value — the current price implies free cash flow growing about 37% next year, slowing to 4% a year by year ten.

Is VSAT a good stock to buy?

Bull Rankings scores VSAT 22 out of 100 on its quality-growth model, which is a weak reading. That is driven by PEG (A) and P/S (A-). A score is a quantitative screen of Viasat, Inc.'s fundamentals, not personalised financial advice — weigh it against your own time horizon and risk tolerance, and read the risk factors below before acting.

Why does VSAT score 22 on Bull Rankings?

The score leans on quality at 27.4 out of 100, with value the weakest pillar at 14.9 — the three combine geometrically, so a weak one cannot be papered over by a strong one. VSAT earns its highest marks on PEG (A) and P/S (A-). Each signal is graded against sector-aware thresholds rather than one absolute bar, so VSAT is measured against Communication Equipment peers, not against the market as a whole.

Is VSAT overvalued or undervalued?

Based on $72.01, VSAT sits about 243% above our discounted-cash-flow fair value — the current price implies free cash flow growing about 37% next year, slowing to 4% a year by year ten. Discounted-cash-flow estimates are sensitive to growth and discount-rate assumptions, so treat this as a cross-check, not a price target.

What are the main risks of investing in VSAT?

The bear case centers on Viasat’s negative profit margin and ROE of –0.6 %, a high debt‑to‑equity ratio of 1.47 and a beta of 1.7, all indicating financial strain and volatility; the Bull Rankings model also signals diluting shareholders, which could erode the free‑cash‑flow base. A sustained widening of losses or a debt covenant breach would confirm the risk and invalidate the upside narrative.

New to these metrics? See the guides and the methodology.

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