Terran Orbital Corporation (LLAP) | Investment Case

1. Company Snapshot

1.a. Company Description

Terran Orbital Corporation manufactures, owns, and operates satellites and related space-based solutions that provide earth observation, data and analytics to defense, intelligence, civil, and commercial end users in the United States.The company operates through two segments, Satellite Solutions and Earth Observation Solutions.The Satellite Solutions segment offers end-to-end satellite solutions, including spacecraft design, development, launch services, and on-orbit operations for critical missions across a range of applications in various orbits to governmental agencies and commercial businesses.

The Earth Observation Solutions segment develops, builds, launches, and operates a constellation of earth observation satellites that has synthetic aperture radar and electro-optical capabilities to provide earth observation data and mission solutions.It also provides secondary payload solutions and onboard data processing capabilities on its satellite constellation, including sensors, optical links, or other mission solutions.The company was founded in 2013 and is headquartered in Boca Raton, Florida.

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1.b. Last Insights on LLAP

The recent performance of Terran Orbital Corporation (LLAP) has been driven by the company's ongoing satellite manufacturing and sales activities in the aerospace and defense industries. Terran's strong presence in these sectors has contributed to its growth and revenue expansion. Additionally, the company's focus on innovation and technology has enabled it to stay competitive in the market. The recent news and announcements surrounding Terran Orbital Corporation have been centered around potential securities fraud lawsuits, with several law firms reminding investors of class action lawsuits against the company. However, these developments do not appear to have had a direct impact on the company's operations or financial performance. It is worth noting that Terran Orbital Corporation has not released any recent earnings reports, and therefore, there is no information available on the company's current financial performance. However, the company's ongoing business activities and focus on innovation and technology are likely to continue driving its growth and revenue expansion in the future.

1.c. Company Highlights

Last Price	0.25
Change Percentage	0.36%
Open	0.25
Previous Close	0.25
Market Cap ( Millions)	51
Volume	18411456
Year High	1.61
Year Low	0.23
M A 50	0.25
M A 200	0.79

FCF Yield	-153.99%
Dividend Yield	0.00%
ROE	121.93%
Debt / Equity	-128.30%
Net Debt / EBIDTA	-138.56%
Price To Book	-0.27
Price Earnings Ratio	-0.28
Price To FCF	-0.65
Price To sales	0.38
EV / EBITDA	-1.93

2. Transcript Summary

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3. NewsRoom

Terran Orbital Completes Delivery of Satellite Bus Platforms to Lockheed Martin for the Tranche 1 Transport Layer

Sep -23

Source: businesswire.com

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Terran Orbital Corporation of Class Action Lawsuit and Upcoming Deadlines - LLAP

Nov -27

Source: accesswire.com

The Gross Law Firm Notifies Terran Orbital Corporation Investors of a Class Action Lawsuit and Upcoming Deadline – LLAP

Nov -26

Source: globenewswire.com

Contact Levi & Korsinsky by November 26, 2024 Deadline to Join Class Action Against Terran Orbital Corporation (LLAP)

Nov -26

Source: accesswire.com

DEADLINE TODAY: Investors With Losses Are Invited To Join The Schall Law Firm In A Securities Fraud Case Against Terran Orbital Corporation

Nov -26

Source: accesswire.com

FINAL REMINDER LLAP DEADLINE: Bronstein, Gewirtz & Grossman LLC Alerts Terran Orbital Corporation Investors to Participate in the Class Action Lawsuit

Nov -26

Source: accesswire.com

Investors in Terran Orbital Corporation Should Contact Levi & Korsinsky Before November 26, 2024 to Discuss Your Rights - LLAP

Nov -26

Source: prnewswire.com

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Terran Orbital Corporation of Class Action Lawsuit and Upcoming Deadlines - LLAP

Nov -25

Source: prnewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (10.28%)

6. Segments

Mission Support

Expected Growth: 10.27%

Terran Orbital's Mission Support segment growth is driven by increasing demand for satellite-based solutions, government agencies' focus on space-based intelligence, and the company's expertise in providing end-to-end mission support services. Additionally, the growing need for secure and reliable communication networks, and the company's strategic partnerships and acquisitions, contribute to its 10.27% growth.

Studies, Design and Other

Expected Growth: 9.9%

Terran Orbital Corporation's 9.9% growth is driven by increasing demand for satellite-based Earth observation, rising government investments in space technology, and growing adoption of IoT and 5G networks. The Studies segment benefits from government contracts, while Design and Other segments are fueled by commercial customers seeking customized satellite solutions and engineering services.

Launch Support

Expected Growth: 12.07%

Terran Orbital Corporation's 12.07% growth is driven by increasing demand for satellite-based services, government contracts, and strategic partnerships. The company's expertise in satellite design, manufacturing, and launch services positions it for success in the growing space technology market. Additionally, the rising need for Earth observation, communication, and navigation services fuels growth in the satellite industry, further supporting Terran Orbital's expansion.

Operations

Expected Growth: 11.47%

Terran Orbital Corporation's 11.47% growth is driven by increasing demand for satellite-based services, expansion into new markets, and strategic partnerships. The company's focus on providing end-to-end satellite solutions, including design, development, and operation, has enabled it to capitalize on the growing need for satellite-based infrastructure. Additionally, investments in research and development have improved operational efficiency, contributing to the company's growth.

7. Detailed Products

Satellite Manufacturing

Design, development, and production of small satellites for various applications

Rapid Prototyping

Rapid design, development, and testing of satellite prototypes

Satellite Integration and Test

Assembly, integration, and testing of satellite systems

Launch and Deployment

Launch services and deployment of satellites into orbit

Mission Operations

Planning, execution, and monitoring of satellite missions

Ground Station Services

Ground station infrastructure and services for satellite communication

Data Analytics

Data processing, analysis, and visualization for satellite-derived data

8. Terran Orbital Corporation's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Terran Orbital Corporation is medium, as there are some alternatives available in the market, but they are not very attractive to customers.

Bargaining Power Of Customers

The bargaining power of customers for Terran Orbital Corporation is low, as customers have limited options and the company has a strong brand presence.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Terran Orbital Corporation is medium, as the company relies on a few key suppliers, but has some flexibility in its supply chain.

Threat Of New Entrants

The threat of new entrants for Terran Orbital Corporation is high, as the space technology industry is rapidly evolving and new companies are entering the market.

Intensity Of Rivalry

The intensity of rivalry for Terran Orbital Corporation is high, as the company operates in a highly competitive industry with several established players.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	768.43%
Debt Cost	15.20%
Equity Weight	-668.43%
Equity Cost	15.20%
WACC	15.20%
Leverage	-114.96%

11. Quality Control: Terran Orbital Corporation passed 4 out of 9 key points

Strong Liquidity

Low Debt

Strong Interest Coverage

Healthy Cash Flow

Operating Efficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Planet Labs

A-Score: 4.0/10

Value: 4.2

Growth: 5.2

Quality: 3.5

Yield: 0.0

Momentum: 10.0

Volatility: 1.0

1-Year Total Return ->

Mercury Systems

A-Score: 4.0/10

Value: 3.3

Growth: 3.7

Quality: 3.2

Yield: 0.0

Momentum: 10.0

Volatility: 3.7

1-Year Total Return ->

Intuitive Machines

A-Score: 3.9/10

Value: 8.0

Growth: 1.8

Quality: 4.4

Yield: 0.0

Momentum: 8.5

Volatility: 1.0

1-Year Total Return ->

Astronics

A-Score: 3.9/10

Value: 3.5

Growth: 4.0

Quality: 3.3

Yield: 0.0

Momentum: 9.5

Volatility: 3.0

1-Year Total Return ->

Terran Orbital

A-Score: 3.9/10

Value: 9.6

Growth: 3.2

Quality: 5.0

Yield: 0.0

Momentum: 5.0

Volatility: 0.3

1-Year Total Return ->

Sidus Space

A-Score: 3.3/10

Value: 7.2

Growth: 4.4

Quality: 3.1

Yield: 0.0

Momentum: 4.5

Volatility: 0.3

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

21.01%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

15.20%

Terran Orbital Corporation - US88105P1030

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on LLAP

1.c. Company Highlights

More Volatile

Cheaper

Lower Growth

Earnings Miss

Weak Momentum

Average Growth

Earnings Beats

Average Yield

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (10.28%)

6. Segments

Mission Support

Expected Growth: 10.27%

Studies, Design and Other

Expected Growth: 9.9%

Launch Support

Expected Growth: 12.07%

Operations

Expected Growth: 11.47%

7. Detailed Products

Satellite Manufacturing

Rapid Prototyping

Satellite Integration and Test

Launch and Deployment

Mission Operations

Ground Station Services

Data Analytics

8. Terran Orbital Corporation's Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: Terran Orbital Corporation passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

0.25$

Current Price

0.25$

Potential

-0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA