One-glance verdict
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Fundamentals snapshot
Vertical Aerospace Ltd.
EVTL · NYQ · Industrials · Aerospace & Defense
Current price
$0.74
52-week range
$0.52 - $7.33
Market cap
$124.63M
Balance sheet
Healthy
-663.77x Concerning
Net cash $61.92M. Interest coverage shows how many times profit covers the interest bill.
What stands out
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0 Risks
0 rewards · 0 risks
Highlights are unavailable right now.
What this company does
Vertical Aerospace Ltd.
Vertical Aerospace is developing electric aircraft that can take off and land vertically, like a helicopter, aiming to create a "flying taxi" service for cities. The company is not yet selling these planes, so it currently spends more money than it makes on research and testing for its main aircraft, the VX4. Its future success depends entirely on getting this new type of vehicle certified as safe to fly and then securing orders from transportation companies.
How the company got here
Vertical Aerospace was started in 2016 by Stephen Fitzpatrick, who also founded OVO Energy and formerly owned a Formula One team. The company's goal was to create electric aircraft that could take off and land vertically, like a helicopter, to make air travel cleaner and quieter. It flew its first unmanned prototype aircraft in 2018 and went public on the New York Stock Exchange in 2021. A key moment was in 2021 when it announced partnerships with major companies like American Airlines and Rolls-Royce, which brought in investment and expertise. The company has since been focused on testing and getting its aircraft certified by aviation authorities.
What it actually does
Vertical Aerospace is designing and building electric 'flying taxis' that take off and land straight up and down, officially called eVTOLs (electric Vertical Take-Off and Landing aircraft). Imagine a quiet, battery-powered small aircraft that can carry a pilot and four to six passengers on short trips, such as from a city center to an airport, without needing a runway. The company's main aircraft is named Valo (which is the successor to an earlier prototype called the VX4). The goal is to offer a faster, greener, and quieter alternative to helicopters for traveling over congested urban areas.
eVTOL Aircraft Development & Sales
The company currently operates as a single business focused on one main goal: designing, building, and selling its electric aircraft. Its primary plan to make money is by selling the finished Valo aircraft to customers like airlines, helicopter operators, and companies that lease aircraft. A second, important way it plans to earn money is through a "Battery-as-a-Service" model. Because the proprietary (custom-designed) batteries will need to be replaced regularly, the company expects to generate a steady, recurring revenue stream (income that comes in consistently) from selling these replacement battery packs to its customers.
What management is betting on now
Management is focused on getting the Valo aircraft through the rigorous safety certification process with aviation regulators, which is a costly and time-consuming step before they can start commercial operations. They are using an 'asset-light' strategy, which means they are partnering with established aerospace giants for key parts like flight controls and engines, rather than trying to build everything themselves. The company is also developing a hybrid-electric version of its aircraft to give it a longer range and is exploring its use for military and cargo purposes to open up more markets. To fund the expensive move from development to large-scale manufacturing, the company has started a strategic review to find new financial partners.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value — vs current price $0.74
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $61.9M - more cash than debt. Interest coverage -663.8x.
Net debt
$-61.92M
Interest coverage
-663.77x
Healthy
Worse cushion
Baseline
Better cushion
EVTL
BASELINE
Vertical Aerospace Ltd.
Total debt $3.93M Interest coverage -663.77x This is the baseline the peer rows are being compared against.
What you should know
The case for and against EVTL
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The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
-0.73x
P/B
-2.26x
P/S
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EV/EBITDA
-0.36x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
0.0%
Operating margin
0.0%
Net margin
0.0%
ROE
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ROA
-102.0%
Health
Liquidity and balance-sheet strength
Debt / equity
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Current ratio
0.71x
Quick ratio
0.62x
Total debt
$3.93M
Total cash
$65.85M
Growth
How the business has been compounding
Revenue TTM
$0.00
Revenue 5Y CAGR
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EPS TTM
-0.53
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-109.69M
Free CF TTM
$-110.08M
FCF margin
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Dividend
Shareholder payout
Yield
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Payout ratio
0.0%
Last ex-div date
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