YSS - York Space Systems, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$37.00
DETAILS
HIGH:
$45.00
LOW:
$30.00
MEDIAN:
$36.50
CONSENSUS:
$37.00
UPSIDE:
33.62%
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | |||
| Revenue | 386.2 | 253.5 | 238.1 |
| Cost of Revenue | 310.7 | 221.1 | 183.2 |
| Gross Profit | 75.5 | 32.4 | 54.9 |
| Operating Expenses | |||
| R&D Expenses | 18.4 | 20.4 | 7.0 |
| SG&A Expenses | 115.6 | 103.9 | 94.1 |
| Other Expenses | 0 | 0 | 0 |
| Operating Expenses | 134.0 | 124.4 | 101.0 |
| Operating Income | |||
| Operating Income | (58.6) | (92.0) | (46.1) |
| Interest Expense | 26.6 | 29.9 | 26.2 |
| Interest Income | 3.0 | 1.2 | 2.3 |
| Profitability | |||
| EBITDA | (18.3) | (46.3) | 1.8 |
| EBIT | (68.6) | (94.4) | (42.6) |
| Income Before Tax | (95.2) | (124.3) | (68.8) |
| Income Tax Expense | (10.7) | (25.4) | (39.1) |
| Net Income | (84.5) | (98.9) | (29.7) |
| Per Share Data | |||
| EPS (Basic) | -0.67 | -0.84 | -0.28 |
| EPS (Diluted) | -0.67 | -0.84 | -0.28 |
| Shares Outstanding | 127.6 | 107.9 | 107.5 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 162.6 | 104.7 | 81.1 |
| Short-Term Investments | 0 | 0 | 0 |
| Net Receivables | 93.7 | 23.9 | 75.6 |
| Inventory | 18.7 | 34.6 | 23.3 |
| Other Current Assets | 0.8 | 0.1 | 18.3 |
| Total Current Assets | 301.1 | 214.6 | 241.2 |
| Non-Current Assets | |||
| Property, Plant & Equipment | 71.0 | 56.7 | 52.9 |
| Goodwill | 674.3 | 610.8 | 610.9 |
| Intangible Assets | 407.9 | 424.0 | 459.5 |
| Long-Term Investments | 0 | 0 | 0 |
| Other Non-Current Assets | 21.1 | 164.5 | 1.4 |
| Total Non-Current Assets | 1,343.7 | 1,256.1 | 1,124.7 |
| Total Assets | 1,644.8 | 1,470.7 | 1,365.9 |
| Current Liabilities | |||
| Account Payables | 31.0 | 29.5 | 22.0 |
| Short-Term Debt | 7.0 | 0 | 0 |
| Deferred Revenue | 110.3 | 165.6 | 93.4 |
| Other Current Liabilities | 40.9 | 6.7 | 9.9 |
| Total Current Liabilities | 191.4 | 225.5 | 164.6 |
| Non-Current Liabilities | |||
| Long-Term Debt | 145.0 | 197.0 | 196.3 |
| Deferred Tax Liabilities | 175.5 | 170.4 | 123.1 |
| Other Non-Current Liabilities | 98.9 | 6.8 | 3.3 |
| Total Non-Current Liabilities | 442.5 | 398.8 | 350.3 |
| Total Liabilities | 633.9 | 624.3 | 514.9 |
| Stockholders' Equity | |||
| Common Stock | 1,135.9 | 963.2 | 970.6 |
| Retained Earnings | (269.0) | (184.5) | (85.6) |
| Accumulated Other Comprehensive Income | 0.9 | (0.8) | (0.4) |
| Total Stockholders' Equity | 1,010.9 | 846.3 | 935.7 |
| Total Liabilities & Equity | 1,644.8 | 1,470.7 | 1,450.6 |
| Debt Metrics | |||
| Total Debt | 175.1 | 220.1 | 220.4 |
| Net Debt | 12.6 | 115.5 | 139.3 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Operating Activities | |||
| Net Income | (84.5) | (98.9) | (29.7) |
| Depreciation & Amortization | 50.3 | 48.1 | 44.4 |
| Stock-Based Compensation | 1.2 | 0 | 0 |
| Change in Working Capital | (90.0) | 91.7 | 45.8 |
| Other Non-Cash Items | 11.2 | 9.1 | 9.6 |
| Operating Cash Flow | (121.3) | 31.6 | 15.7 |
| Investing Activities | |||
| Capital Expenditure | (8.9) | (18.0) | (18.5) |
| Acquisitions | (11.4) | 0 | (44.4) |
| Purchases of Investments | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 |
| Other Investing Activities | (5) | 0 | 0 |
| Investing Cash Flow | (25.3) | (18.0) | (62.9) |
| Financing Activities | |||
| Net Debt Issuance | (56.4) | 0 | 48.8 |
| Stock Repurchased | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 0 |
| Financing Cash Flow | 204.3 | 10 | 95.5 |
| Cash Position | |||
| Net Change in Cash | 57.9 | 23.5 | 48.2 |
| Cash at Beginning | 104.7 | 81.1 | 33.0 |
| Cash at End | 162.6 | 104.7 | 81.1 |
| Free Cash Flow | (130.2) | 13.6 | (2.8) |
| Key Metrics | 2025 | 2024 | 2023 |
|---|---|---|---|
| Income Statement | |||
| Revenue | 386.2 | 253.5 | 238.1 |
| Gross Profit | 75.5 | 32.4 | 54.9 |
| Operating Income | (58.6) | (92.0) | (46.1) |
| Net Income | (84.5) | (98.9) | (29.7) |
| EPS (Diluted) | -0.67 | -0.84 | -0.28 |
| Balance Sheet | |||
| Cash & Equivalents | 162.6 | 104.7 | 81.1 |
| Total Assets | 1,644.8 | 1,470.7 | 1,365.9 |
| Total Debt | 175.1 | 220.1 | 220.4 |
| Stockholders' Equity | 1,010.9 | 846.3 | 935.7 |
| Cash Flow | |||
| Operating Cash Flow | (121.3) | 31.6 | 15.7 |
| Capital Expenditure | (8.9) | (18.0) | (18.5) |
| Free Cash Flow | (130.2) | 13.6 | (2.8) |