Space Exploration Technologies Corp. Fundamental Analysis (NASDAQ: SPCX)
Space Exploration Technologies Corp. Fundamental Analysis (NASDAQ: SPCX)
Space Exploration Technologies Corp. (NASDAQ: SPCX) shows moderate financial fundamentals with a PE ratio of -110.32, profit margin of -4.56%, and ROE of -1.47%. The company generates $20.1B in annual revenue with strong year-over-year growth of 33.24%.
Key Strengths
Areas of Concern
The stock receives a Fundamental Health Score of 38.1/100 based on profitability, valuation, growth, and balance sheet metrics. The F grade reflects weak fundamentals and significant financial concerns.
Fundamental Health Score
We analyze SPCX's fundamental strength across five key dimensions:
Efficiency Score
WeakSPCX struggles to generate sufficient returns from assets.
Valuation Score
ExcellentSPCX trades at attractive valuation levels.
Growth Score
ModerateSPCX shows steady but slowing expansion.
Financial Health Score
ExcellentSPCX maintains a strong and stable balance sheet.
Profitability Score
WeakSPCX struggles to sustain strong margins.
Key Financial Metrics
Is SPCX Expensive or Cheap?
P/E Ratio
SPCX trades at -110.32 times earnings. This suggests potential undervaluation.
PEG Ratio
When adjusting for growth, SPCX's PEG of 0.48 indicates potential undervaluation.
Price to Book
The market values Space Exploration Technologies Corp. at 9.91 times its book value. This suggests the stock is fully valued or overvalued on an asset basis.
EV/EBITDA
Enterprise value stands at 132.12 times EBITDA. This signals the market has high growth expectations.
How Well Does SPCX Make Money?
Net Profit Margin
For every $100 in sales, Space Exploration Technologies Corp. keeps $-4.56 as profit after all expenses.
Operating Margin
Core operations generate -0.85 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $-1.47 in profit for every $100 of shareholder equity.
ROA
Space Exploration Technologies Corp. generates $-0.56 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
Space Exploration Technologies Corp. generates strong operating cash flow of $8.18B, reflecting robust business health.
Free Cash Flow
Space Exploration Technologies Corp. generates weak or negative free cash flow of $-24.62B, restricting financial flexibility.
FCF Per Share
Each share generates $-3.20 in free cash annually.
FCF Yield
SPCX converts -1.96% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
-110.32
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
0.48
vs 25 benchmark
P/B Ratio
Price to book value ratio
9.91
vs 25 benchmark
P/S Ratio
Price to sales ratio
62.09
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
0.22
vs 25 benchmark
Current Ratio
Current assets to current liabilities
3.08
vs 25 benchmark
Efficiency Ratios
ROE
Return on equity percentage
-0.01
vs 25 benchmark
ROA
Return on assets percentage
-0.01
vs 25 benchmark
ROCE
Return on capital employed
-0.00
vs 25 benchmark
How SPCX Stacks Against Its Sector Peers
| Metric | SPCX Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | -110.32 | 27.18 | Better (Cheaper) |
| ROE | -1.47% | 1167.00% | Weak |
| Net Margin | -4.56% | 45.00% | Weak |
| Debt/Equity | 0.22 | 0.75 | Strong (Low Leverage) |
| Current Ratio | 3.08 | 21.97 | Strong Liquidity |
| ROA | -0.56% | -1345434.00% (disorted) | Weak |
SPCX outperforms its industry in 3 out of 6 key metrics, but lagging in ROE.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews Space Exploration Technologies Corp.'s 5-year compound annual growth rate (CAGR) and compares its performance against the typical investment style of its industry.
Revenue CAGR
69.52%
Industry Style: Cyclical, Value, Infrastructure
High GrowthEPS CAGR
-0.59%
Industry Style: Cyclical, Value, Infrastructure
DecliningFCF CAGR
41.54%
Industry Style: Cyclical, Value, Infrastructure
High Growth