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Vertical Aerospace
(NYSE:EVTL)
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Rating:39Underperform
Price Target:
$1.00
▼(-27.54% Downside)
Action:Downgraded
Date:07/17/26
EVTL scores low primarily due to very weak financial performance (near-zero revenue, ongoing operating losses, negative equity, rising leverage, and continued cash burn). Technicals are also negative with the price below key moving averages and bearish MACD, though oversold readings modestly temper the downside. Valuation offers little support given the negative P/E and no dividend yield.
Positive Factors
Supply-chain partnerships
A formal long-term supply agreement with Astronics materially strengthens Vertical’s industrial ecosystem. Securing a critical electrical-systems supplier reduces certification and production risk, supports repeatable manufacturing and aids type-certification evidence — durable benefits during industrialization.
Negative Factors
Highly leveraged balance sheet
Debt exceeding assets and prolonged negative equity limit strategic optionality and increase refinancing or covenant risk. High leverage constrains investments in certification and production scaling, making the company reliant on external financing or dilutive capital raises during a multi-year commercialization process.
Read all positive and negative factors
Positive Factors
Negative Factors
Supply-chain partnerships
A formal long-term supply agreement with Astronics materially strengthens Vertical’s industrial ecosystem. Securing a critical electrical-systems supplier reduces certification and production risk, supports repeatable manufacturing and aids type-certification evidence — durable benefits during industrialization.
Read all positive factors
Vertical Aerospace (EVTL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$105.20M
Dividend YieldN/A
Average Volume (3M)2.12M
Price to Earnings (P/E)―
Beta (1Y)3.42
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees444
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-3.08
Shares Outstanding127,328,000
10 Day Avg. Volume2,386,355
30 Day Avg. Volume2,115,410
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)-2.89
Price to Sales (P/S)0.00
P/FCF Ratio-4.47
Enterprise Value/Market Cap<0.01
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$15.00Price Target Upside986.96% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-1.12
Revenue Forecast (FY)N/A
Vertical Aerospace Business Overview & Revenue Model
Company Description
Vertical Aerospace Ltd. is a company dedicated to the creation, manufacturing, and distribution of electrically powered aerial vehicles. Their primary product is the VX4, an innovative aircraft designed for electric vertical take-off and landing (...
How the Company Makes Money
Vertical Aerospace’s business model is centered on monetizing the VX4 eVTOL program primarily through aircraft sales and related aviation services once the aircraft is certified and enters commercial service. Key revenue streams are expected to in...
Vertical Aerospace Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Neutral
The call presented strong technical and operational progress (historic piloted transitions, public demonstrations, two full-scale prototypes, ecosystem partnerships, and a defined milestone roadmap) and secured near-term financing and government support to extend runway. However, the business faces meaningful near-term risks: certification timing has been delayed by about one year, cash burn is high with runway only extended toward the end of Q3 2027 absent further funding, and commercialization depends on converting conditional financing, regulatory validations and selective customer commitments. Highlights demonstrate clear program momentum and de-risking in many technical and ecosystem areas, while lowlights emphasize financing and timing uncertainties that could affect pace of commercialization.Positive Updates
Historic Flight Test Milestones
Completed the first two-way piloted transition flight under U.K. CAA oversight (April 2026) and multiple subsequent transitions; final full-scale prototype began piloted flight testing in June 2026, effectively doubling flight test capacity; achieved five consecutive public transition/display flights at Farnborough, demonstrating repeatable operations in varying conditions.
Negative Updates
Certification Timeline Delay
Certification target was nudged from 2028 to 2029. Management attributed the ~1-year shift primarily to a delayed transition phase (a quarter late) that tied up engineering resources and postponed certification-focused work.
Read all updates
Q2-2026 Updates
Positive
Negative
Historic Flight Test Milestones
Completed the first two-way piloted transition flight under U.K. CAA oversight (April 2026) and multiple subsequent transitions; final full-scale prototype began piloted flight testing in June 2026, effectively doubling flight test capacity; achieved five consecutive public transition/display flights at Farnborough, demonstrating repeatable operations in varying conditions.
Read all positive updates
Company Guidance
Vertical's guidance: complete aircraft-level Critical Design Review (CDR) by end‑2026 (Q4), select the hybrid turbo‑generator in H2 2026 and begin hybrid flight testing (retrofit of Prototype 3) in H1 2027, target type certification in 2029 via the U.K. CAA/EASA (SC‑VTOL/AAA pathway), open pilot assembly at Cotswold in Q3 2026 and the expanded Vertical Energy Center (VEC2) in Q4 2026 to triple battery production, and initially build seven Valo production aircraft (plus hybrid variants) while supporting ~700 direct skilled jobs by 2030; financially, the company announced an ~$100M gross financing package ( $35M underwritten equity, $40M Mudrick acceleration [$5M draw + $35M accelerated], $25M Yorkville preferred draw), has ~$134M cash on hand (expect ~ $148M after receipts), expects ~ $150M net cash outflows over the next 12 months (H1 operating cash used $112M), has an ~$850M financing framework (≈$700M remaining Yorkville capacity), and U.K. government support totaling ≈$100M (including a potential additional grant up to $30.5M), extending runway toward the end of Q3 2027; operationally they now have two full‑scale piloted prototypes and demonstrated five consecutive public transition flights at Farnborough to ~140,000 attendees.Vertical Aerospace Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
8
Very Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 132.00K |
| Gross Profit | -15.22M | -1.91M | -3.45M | -3.37M | -2.69M | 68.00K |
| EBITDA | -325.37M | 204.74M | -60.08M | -63.53M | -77.15M | -243.71M |
| Net Income | -252.25M | 232.93M | -781.24M | -59.95M | -94.38M | -245.22M |
Balance Sheet | ||||||
| Total Assets | 116.03M | 104.99M | 47.73M | 84.08M | 151.24M | 233.33M |
| Cash, Cash Equivalents and Short-Term Investments | 73.38M | 70.18M | 22.56M | 48.68M | 122.81M | 212.66M |
| Total Debt | 90.05M | 191.39M | 2.20M | 2.62M | 233.66M | 114.74M |
| Total Liabilities | 128.35M | 226.22M | 547.07M | 133.86M | 143.92M | 171.77M |
| Stockholders Equity | -12.31M | -121.23M | -499.34M | -49.78M | 7.32M | 61.56M |
Cash Flow | ||||||
| Free Cash Flow | -106.88M | -78.40M | -46.72M | -76.96M | -105.72M | -28.34M |
| Operating Cash Flow | -106.32M | -78.11M | -46.29M | -74.70M | -103.71M | -27.55M |
| Investing Cash Flow | 774.56K | -283.64K | 1.73M | 61.38M | -62.96M | -3.35M |
| Financing Cash Flow | 120.92M | 125.01M | 18.77M | 169.00K | 7.25M | 244.71M |
Vertical Aerospace Technical Analysis
Negative
1.38
Price Trends
1.67
Negative
2.11
Negative
3.49
Negative
Market Momentum
-0.22
Positive
27.53
Positive
12.86
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 1.38 is above the 20-day moving average (MA) of 1.29, below the 50-day MA of 1.67, and below the 200-day MA of 3.49, indicating a bearish trend. The MACD of -0.22 indicates Positive momentum. The RSI at 27.53 is Positive, neither overbought nor oversold. The STOCH value of 12.86 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 79 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | $266.97M | -15.40 | -2.44% | ― | ― | ― | |
58 Neutral | $4.84B | -6.45 | -40.86% | ― | ― | 15.37% | |
50 Neutral | $947.88M | -4.52 | -221.18% | ― | ― | 1.65% | |
46 Neutral | $500.27M | -0.93 | -105.02% | ― | -38.87% | 62.62% | |
46 Neutral | $427.91M | -4.49 | -31.15% | ― | 22.18% | 15.10% | |
39 Underperform | $105.20M | -0.20 | 251.21% | ― | ― | ― |
* Industrials Sector Average
EVTL
Vertical Aerospace
0.84
-4.41
-84.06%
SPCE
Virgin Galactic Holdings
3.14
0.12
3.97%
EH
Ehang Holdings
5.83
-11.87
-67.06%
EVEX
Eve Holding
2.80
-1.62
-36.65%
ACHR
Archer Aviation
6.97
-3.02
-30.23%
AIRO
Airo Group Holdings, Inc.
10.71
-12.23
-53.31%
Vertical Aerospace Corporate Events
Vertical Aerospace Secures Expanded UK Flight Permit and Pushes Valo Certification Target to 2029
Jul 13, 2026
Vertical Aerospace announced on July 13, 2026 that it has achieved key technical and regulatory milestones in the development of its Valo electric aircraft programme, including multiple successful piloted transition flights completed since April 2...
Vertical Aerospace Signs Long-Term Astronics Deal for Valo Power Systems
Jun 29, 2026
Vertical Aerospace, the Bristol-based electric aviation specialist behind the Valo eVTOL, has deepened its industrial ecosystem with a long-term supply agreement for critical electrical systems as it progresses toward certification. The company, w...
Vertical Aerospace Taps Hyundai WIA for Valo Landing Gear as Certification Push Accelerates
May 21, 2026
Vertical Aerospace has entered a long-term partnership with Hyundai WIA under which the Korean mobility and manufacturing specialist will design, develop and manufacture a bespoke landing gear system for Valo, the UK company’s electric verti...
Vertical Aerospace names Ben Story interim chair as Dómhnal Slattery steps down
May 12, 2026
Vertical Aerospace announced changes to its board leadership, with Chairman Dómhnal Slattery resigning effective May 12, 2026, after overseeing key milestones including a historic two-way piloted transition flight and securing up to $850 mill...
Vertical Aerospace Hits Key Flight Milestone and Secures Funding in Q1 2026 Update
May 6, 2026
Vertical Aerospace, a developer of electric vertical take-off and landing aircraft, reported on May 6, 2026 that it has completed the full envelope expansion prototype flight test campaign for its Valo eVTOL, including a two-way piloted transition...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.