Terran Orbital Corp
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Quick analysis of Terran Orbital Corp (30 sec.)

1. Valuation of Terran Orbital Corp (5 min.)

Live pricePrice per share (EOD)

$1.40

Book Value per Share

$-0.84

2. Growth of Terran Orbital Corp (5 min.)

Is Terran Orbital Corp growing?

	Current year	Previous year	Grow	Grow %
How rich?	-$135.3m	-$55m	-$31.7m	-36.6%

How much money is Terran Orbital Corp making?

	Current year	Previous year	Grow	Grow %
Making money	-$36.7m	-$33.8m	-$2.9m	?
Net Profit Margin	-136.4%	-289.2%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Terran Orbital Corp (5 min.)

4. Comparing to competitors in the Aerospace & Defense industry (5 min.)

Industry Rankings (Aerospace & Defense)

Richest
#207 / 218

Most Revenue
#147 / 218

Most Profit
#189 / 218

Most Efficient
#197 / 218

Fundamentals of Terran Orbital Corp

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is just able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is unable to pay all its debts by selling its assets.

1.1. Profitability of Terran Orbital Corp.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Terran Orbital Corp earns for each $1 of revenue.

Above 10% is considered healthy but always compare Terran Orbital Corp to the Aerospace & Defense industry mean.
A Net Profit Margin of -193.1% means that $-1.93 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Terran Orbital Corp:

The MRQ is -193.1%. The company is making a huge loss. -2
The TTM is -136.4%. The company is making a huge loss. -2

Trends

Current period		Compared to		+/-
MRQ	-193.1%	TTM	-136.4%	-56.6%
TTM	-136.4%	YOY	-289.2%	+152.8%
TTM	-136.4%	5Y	-252.2%	+115.8%
5Y	-252.2%	10Y	-252.2%	0.0%

Compared to industry (Aerospace & Defense)

Period	Company	Industry (mean)	+/-
MRQ	-193.1%	2.7%	-195.8%
TTM	-136.4%	2.4%	-138.8%
YOY	-289.2%	3.4%	-292.6%
5Y	-252.2%	2.9%	-255.1%
10Y	-252.2%	3.0%	-255.2%

Measures how much net profit Terran Orbital Corp earns for each $1 of revenue.

Revenue is the amount of profit Terran Orbital Corp generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Terran Orbital Corp earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Terran Orbital Corp to the Aerospace & Defense industry mean.
Can be used to compare companies within the Aerospace & Defense industry.

You typically want a high profit margin. This means that for each $1 in sales, Terran Orbital Corp makes more profit. This shows the investor how efficiently Terran Orbital Corp is operating in general and compared to other companies in the same industry. Terran Orbital Corp operates in the Aerospace & Defense industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Terran Orbital Corp. If profit margins remain low (compared to the Aerospace & Defense industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Terran Orbital Corp is -1.93. This means that Terran Orbital Corp earned $-1.93 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Aerospace & Defense industry is 2.7%.
What is the trend?
The trend is important because it shows you how Terran Orbital Corp is performing over time. The most recent quarter might be important if Terran Orbital Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Terran Orbital Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Terran Orbital Corp with other companies in the same industry (Aerospace & Defense).
Net profit margin should rise over the years.
Can be influenced when Terran Orbital Corp sells assets (profit will increase while costs remain the same).
It won’t show what part of Terran Orbital Corp is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Terran Orbital Corp

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Terran Orbital Corp = -54,445
Total revenue MRQ Terran Orbital Corp = 28,198
$-54,445 / $28,198 = -1.93 or -193.1%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Terran Orbital Corp is using its assets to generate profit.

Above 5% is considered healthy but always compare Terran Orbital Corp to the Aerospace & Defense industry mean.
-34.7% Return on Assets means that Terran Orbital Corp generated $-0.35 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Terran Orbital Corp:

The MRQ is -34.7%. Using its assets, the company is very inefficient in making profit. -2
The TTM is -22.6%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-34.7%	TTM	-22.6%	-12.1%
TTM	-22.6%	YOY	-28.2%	+5.6%
TTM	-22.6%	5Y	-39.0%	+16.4%
5Y	-39.0%	10Y	-39.0%	0.0%

Compared to industry (Aerospace & Defense)

Period	Company	Industry (mean)	+/-
MRQ	-34.7%	0.8%	-35.5%
TTM	-22.6%	0.6%	-23.2%
YOY	-28.2%	0.7%	-28.9%
5Y	-39.0%	0.6%	-39.6%
10Y	-39.0%	0.7%	-39.7%

Shows how efficient Terran Orbital Corp is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Terran Orbital Corp to the Aerospace & Defense industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Terran Orbital Corp is using its resources to generate profit. If the return on assets (-34.7%) from Terran Orbital Corp are higher than the Aerospace & Defense mean (0.8%) that means Terran Orbital Corp is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Terran Orbital Corp is -34.7%. This means the company generated $-0.35 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Aerospace & Defense industry is 0.8%.
What is the trend?
The trend is important because it shows you how Terran Orbital Corp is performing over time. The most recent quarter might be important if Terran Orbital Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Terran Orbital Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Terran Orbital Corp

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Terran Orbital Corp = -54,445
Total assets MRQ (balance sheet) from Terran Orbital Corp = 156,809
-54,445 / 156,809 = -0.35 or -34.7%

ROA is an important ratio as it will tell you how effectively Terran Orbital Corp is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Terran Orbital Corp is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Terran Orbital Corp to the Aerospace & Defense industry mean.
0.0% Return on Equity means Terran Orbital Corp generated $0.00 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Terran Orbital Corp:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.0%
TTM	-	YOY	-	0.0%
TTM	-	5Y	-	0.0%
5Y	-	10Y	-	0.0%

Compared to industry (Aerospace & Defense)

Period	Company	Industry (mean)	+/-
MRQ	-	1.8%	-1.8%
TTM	-	1.4%	-1.4%
YOY	-	1.5%	-1.5%
5Y	-	1.3%	-1.3%
10Y	-	1.3%	-1.3%

Shows how efficient Terran Orbital Corp is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Terran Orbital Corp to the Aerospace & Defense industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Aerospace & Defense industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Terran Orbital Corp is 0.0%. This means Terran Orbital Corp generated $0.00 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Aerospace & Defense industry is 1.8%.
What is the trend?
The trend is important because it shows you how Terran Orbital Corp is performing over time. The most recent quarter might be important if Terran Orbital Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Terran Orbital Corp up to 10 years back (depending if Terran Orbital Corp existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Terran Orbital Corp

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Terran Orbital Corp = -54,445
Shareholders equity (balance sheet) MRQ Terran Orbital Corp = -135,325
-54,445 / -135,325 = 0.00 or 0.0%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Terran Orbital Corp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Terran Orbital Corp is operating .

Measures how much profit Terran Orbital Corp makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Terran Orbital Corp to the Aerospace & Defense industry mean.
An Operating Margin of -120.3% means the company generated $-1.20 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Terran Orbital Corp:

The MRQ is -120.3%. The company is operating very inefficient. -2
The TTM is -139.5%. The company is operating very inefficient. -2

Trends

Current period		Compared to		+/-
MRQ	-120.3%	TTM	-139.5%	+19.2%
TTM	-139.5%	YOY	-138.5%	-1.0%
TTM	-139.5%	5Y	-123.8%	-15.7%
5Y	-123.8%	10Y	-123.8%	0.0%

Compared to industry (Aerospace & Defense)

Period	Company	Industry (mean)	+/-
MRQ	-120.3%	6.7%	-127.0%
TTM	-139.5%	4.3%	-143.8%
YOY	-138.5%	4.1%	-142.6%
5Y	-123.8%	4.5%	-128.3%
10Y	-123.8%	3.5%	-127.3%

Measures how efficient Terran Orbital Corp is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Terran Orbital Corp to the Aerospace & Defense industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Terran Orbital Corp is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Terran Orbital Corp is -120.3%. This means that Terran Orbital Corp earned $-1.20 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Aerospace & Defense industry is 6.7%.
What is the trend?
The trend is important because it shows you how Terran Orbital Corp is performing over time. The most recent quarter might be important if Terran Orbital Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Terran Orbital Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Terran Orbital Corp

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Terran Orbital Corp = -33,929
Total revenue MRQ Terran Orbital Corp = 28,198
$-33,929 / $28,198 = -1.20 or -120.3%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Terran Orbital Corp is keeping operating costs low.

Below 1 is considered healthy (always compare to Aerospace & Defense industry mean).
An Operation Ratio of 2.20 means that the operating costs are $2.20 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Terran Orbital Corp:

The MRQ is 2.203. The company is inefficient in keeping operating costs low. -1
The TTM is 2.210. The company is inefficient in keeping operating costs low. -1

Trends

Current period		Compared to		+/-
MRQ	2.203	TTM	2.210	-0.006
TTM	2.210	YOY	2.385	-0.176
TTM	2.210	5Y	2.164	+0.046
5Y	2.164	10Y	2.164	0.000

Compared to industry (Aerospace & Defense)

Period	Company	Industry (mean)	+/-
MRQ	2.203	1.387	+0.816
TTM	2.210	1.441	+0.769
YOY	2.385	1.453	+0.932
5Y	2.164	1.392	+0.772
10Y	2.164	1.200	+0.964

Measures how efficient Terran Orbital Corp is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Terran Orbital Corp to the Aerospace & Defense industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Terran Orbital Corp is 220.3%. This means that Terran Orbital Corp earned $2.20 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Aerospace & Defense industry is 1.39.
What is the trend?
The trend is important because it shows you how Terran Orbital Corp is performing over time. The most recent quarter might be important if Terran Orbital Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Terran Orbital Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Terran Orbital Corp

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(29,597 +32,530) \ 28,198 = 2.20

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Terran Orbital Corp.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Terran Orbital Corp is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Aerospace & Defense industry mean).
A Current Ratio of 1.43 means the company has $1.43 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Terran Orbital Corp:

The MRQ is 1.426. The company is just able to pay all its short-term debts.
The TTM is 1.455. The company is just able to pay all its short-term debts.

Trends

Current period		Compared to		+/-
MRQ	1.426	TTM	1.455	-0.029
TTM	1.455	YOY	1.083	+0.372
TTM	1.455	5Y	1.106	+0.349
5Y	1.106	10Y	1.106	0.000

Compared to industry (Aerospace & Defense)

Period	Company	Industry (mean)	+/-
MRQ	1.426	1.492	-0.066
TTM	1.455	1.552	-0.097
YOY	1.083	1.631	-0.548
5Y	1.106	1.587	-0.481
10Y	1.106	1.503	-0.397

Measures if Terran Orbital Corp is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Aerospace & Defense industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Terran Orbital Corp if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Terran Orbital Corp is 1.43. This means Terran Orbital Corp has $1.43 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Aerospace & Defense industry is 1.49.
What is the trend?
The trend is important because it shows you how Terran Orbital Corp is performing over time. The most recent quarter might be important if Terran Orbital Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Terran Orbital Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Terran Orbital Corp

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
104,290 \ 73,142) = 1.43

The current ratio measures if Terran Orbital Corp is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Terran Orbital Corp is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Terran Orbital Corp does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Terran Orbital Corp is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Terran Orbital Corp is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Terran Orbital Corp to the Aerospace & Defense industry mean.
A Quick Ratio of 0.90 means the company can pay off $0.90 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Terran Orbital Corp:

The MRQ is 0.898. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 1.045. The company is just able to pay all its short-term debts with the most liquid assets.

Trends

Current period		Compared to		+/-
MRQ	0.898	TTM	1.045	-0.148
TTM	1.045	YOY	0.743	+0.302
TTM	1.045	5Y	0.777	+0.269
5Y	0.777	10Y	0.777	0.000

Compared to industry (Aerospace & Defense)

Period	Company	Industry (mean)	+/-
MRQ	0.898	0.689	+0.209
TTM	1.045	0.784	+0.261
YOY	0.743	0.877	-0.134
5Y	0.777	0.844	-0.067
10Y	0.777	0.813	-0.036

Measures if Terran Orbital Corp is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Terran Orbital Corp to the Aerospace & Defense industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Terran Orbital Corp can pay off its short term debts. This shows if Terran Orbital Corp can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Terran Orbital Corp is 0.90. This means that Terran Orbital Corp can pay off $0.90 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Aerospace & Defense industry is 0.69.
What is the trend?
The trend is important because it shows you how Terran Orbital Corp is performing over time. The most recent quarter might be important if Terran Orbital Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Terran Orbital Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Terran Orbital Corp

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Terran Orbital Corp: (57,427 + +8,219) / 73,142 = 0.90

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Terran Orbital Corp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Terran Orbital Corp assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Terran Orbital Corp to Aerospace & Defense industry mean.
A Debt to Asset Ratio of 1.86 means that Terran Orbital Corp assets are financed with 186.3% credit (debt) and the remaining percentage (100% - 186.3%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Terran Orbital Corp:

The MRQ is 1.863. The company is unable to pay all its debts by selling its assets. -2
The TTM is 1.533. The company is unable to pay all its debts by selling its assets. -2

Trends

Current period		Compared to		+/-
MRQ	1.863	TTM	1.533	+0.330
TTM	1.533	YOY	1.599	-0.066
TTM	1.533	5Y	1.575	-0.042
5Y	1.575	10Y	1.575	0.000

Compared to industry (Aerospace & Defense)

Period	Company	Industry (mean)	+/-
MRQ	1.863	0.597	+1.266
TTM	1.533	0.588	+0.945
YOY	1.599	0.595	+1.004
5Y	1.575	0.621	+0.954
10Y	1.575	0.627	+0.948

Measures how much % of Terran Orbital Corp assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Terran Orbital Corp than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Terran Orbital Corp to Aerospace & Defense industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Terran Orbital Corp is 1.86. This means means that Terran Orbital Corp is financed with 186.3% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Aerospace & Defense industry is 149.2%.
What is the trend?
The trend is important because it shows you how Terran Orbital Corp is performing over time. The most recent quarter might be important if Terran Orbital Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Terran Orbital Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Terran Orbital Corp has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Terran Orbital Corp

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
292,134 \ 156,809 = 186.3% or 1.86.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Terran Orbital Corp is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Terran Orbital Corp to the Aerospace & Defense industry mean.
A Debt to Equity ratio of 0.0% means that company has $0.00 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Terran Orbital Corp:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to
MRQ	-	TTM	-
TTM	-	YOY	-
TTM	-	5Y	-
5Y	-	10Y	-

Compared to industry (Aerospace & Defense)

Period	Company	Industry (mean)	+/-
MRQ	-	1.342	-1.342
TTM	-	1.310	-1.310
YOY	-	1.318	-1.318
5Y	-	1.499	-1.499
10Y	-	1.729	-1.729

Measures if Terran Orbital Corp is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Terran Orbital Corp is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Terran Orbital Corp is 0.00. This means that Terran Orbital Corp can pay off $0.00 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Aerospace & Defense industry is 1.34.
What is the trend?
The trend is important because it shows you how Terran Orbital Corp is performing over time. The most recent quarter might be important if Terran Orbital Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Terran Orbital Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Terran Orbital Corp

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
292,134 \ -135,325 = 0.00 or 0.0%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Terran Orbital Corp

2. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Terran Orbital Corp generates.

Above 15 is considered overpriced but always compare Terran Orbital Corp to the Aerospace & Defense industry mean.
A PE ratio of -5.44 means the investor is paying $-5.44 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Terran Orbital Corp:

The EOD is -4.143. Company is losing money. -2
The MRQ is -5.445. Company is losing money. -2
The TTM is -11.613. Company is losing money. -2

Trends

Current period		Compared to		+/-
EOD	-4.143	MRQ	-5.445	+1.302
MRQ	-5.445	TTM	-11.613	+6.168
TTM	-11.613	YOY	-84.160	+72.547
TTM	-11.613	5Y	-38.309	+26.696
5Y	-38.309	10Y	-38.309	0.000

Compared to industry (Aerospace & Defense)

Period	Company	Industry (mean)	+/-
EOD	-4.143	19.546	-23.689
MRQ	-5.445	18.529	-23.974
TTM	-11.613	23.746	-35.359
YOY	-84.160	23.949	-108.109
5Y	-38.309	27.836	-66.145
10Y	-38.309	48.645	-86.954

Measures how much money you pay for each share for every $1 in earnings Terran Orbital Corp generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Terran Orbital Corp to the Aerospace & Defense industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Terran Orbital Corp is -5.44. This means the investor is paying $-5.44 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Aerospace & Defense industry is 18.53.
What is the trend?
The trend is important because it shows you how Terran Orbital Corp is performing over time. The most recent quarter might be important if Terran Orbital Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Terran Orbital Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Terran Orbital Corp

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
-54,445 \ 144,062 = EPS
PE ratio MRQ = -5.44

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Terran Orbital Corp.

Lower is better.
A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Terran Orbital Corp:

The MRQ is -15.597. Very Bad. -2
The TTM is -12.283. Very Bad. -2

Trends

Current period		Compared to		+/-
MRQ	-15.597	TTM	-12.283	-3.314
TTM	-12.283	YOY	-106.338	+94.055
TTM	-12.283	5Y	-59.310	+47.028
5Y	-59.310	10Y	-59.310	0.000

Compared to industry (Aerospace & Defense)

Period	Company	Industry (mean)	+/-
MRQ	-15.597	17.074	-32.671
TTM	-12.283	45.363	-57.646
YOY	-106.338	80.332	-186.670
5Y	-59.310	133.116	-192.426
10Y	-59.310	223.515	-282.825

PEG Ratio	Meaning
0.5	You can buy the stock cheap based on future growth
1	You pay a fair price based on future growth
2	The stock is overpriced based on future growth

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Terran Orbital Corp is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Aerospace & Defense industry mean).
A PB ratio of -2.19 means the investor is paying $-2.19 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Terran Orbital Corp:

The EOD is -1.667. Bad. Book ratio is negative. -2
The MRQ is -2.191. Bad. Book ratio is negative. -2
The TTM is -5.810. Bad. Book ratio is negative. -2

Trends

Current period		Compared to		+/-
EOD	-1.667	MRQ	-2.191	+0.524
MRQ	-2.191	TTM	-5.810	+3.619
TTM	-5.810	YOY	-33.083	+27.273
TTM	-5.810	5Y	-15.557	+9.747
5Y	-15.557	10Y	-15.557	0.000

Compared to industry (Aerospace & Defense)

Period	Company	Industry (mean)	+/-
EOD	-1.667	2.350	-4.017
MRQ	-2.191	2.149	-4.340
TTM	-5.810	2.159	-7.969
YOY	-33.083	2.292	-35.375
5Y	-15.557	2.357	-17.914
10Y	-15.557	2.688	-18.245

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Terran Orbital Corp.

3.1. Institutions holding Terran Orbital Corp

Institutions are holding 42.651% of the shares of Terran Orbital Corp.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-03-31	Lockheed Martin Corp	9.2908	97.6075	13481857	275850	2.0888
2023-03-31	Beach Point Capital Management LP	8.7823	11.2922	12744102	-7093527	-35.7579
2023-03-31	Stone Point Wealth LLC	4.6212	5.4853	6705904	-210127	-3.0383
2023-03-31	Blue Barn Wealth, LLC	4.0603	6.7178	5891987	-490100	-7.6793
2023-03-31	Hood River Capital Management LLC	3.9174	0.3387	5684536	5684536	0
2023-03-31	Francisco Partners Management LP	3.334	0.8184	4837997	0	0
2023-03-31	Vanguard Group Inc	2.4884	0.0002	3610946	169160	4.9149
2022-12-31	BlackRock Inc	1.7395	0.0001	2524241	726419	40.4055
2023-03-31	Millennium Management LLC	0.9545	0.0015	1385134	-264662	-16.0421
2023-03-31	Royce & Associates, LP	0.7669	0.0205	1112900	277900	33.2814
2022-12-31	Bank of America Corp	0.6406	0.0002	929507	66935	7.7599
2022-12-31	Geode Capital Management, LLC	0.6079	0.0002	882150	198763	29.085
2023-03-31	State Street Corporation	0.5727	0.0001	831110	268636	47.7597
2023-03-31	Fuller & Thaler Asset Management Inc	0.5414	0.0083	785565	785565	0
2022-12-31	Meteora Capital, LLC	0.3789	0.123	549833	549833	0
2022-12-31	Charles Schwab Investment Management Inc	0.2673	0.0002	387850	43508	12.6351
2023-03-31	Northern Trust Corp	0.2449	0.0001	355420	-661	-0.1856
2022-12-31	Penserra Capital Management, LLC	0.1789	0.009	259648	82913	46.9137
2023-03-31	Corbin Capital Partners LP	0.1768	0.2622	256588	0	0
2022-12-31	Bank of New York Mellon Corp	0.0996	0.0001	144594	54466	60.4318
Total		43.6643	122.6856	63361869	+1125407	+1.8%

3.2. Funds holding Terran Orbital Corp

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-03-31	Hood River Small-Cap Growth Instl	1.559	0.3317	2511685	2511685	0
2023-04-30	Vanguard Total Stock Mkt Idx Inv	1.5015	0.0003	2419100	0	0
2023-03-31	Vanguard Instl Ttl Stck Mkt Idx Tr	1.5015	0.0004	2419100	0	0
2023-05-31	iShares Russell 2000 ETF	0.5463	0.0021	880220	-468	-0.0531
2023-04-30	Vanguard Extended Market Index Investor	0.5418	0.0019	872870	0	0
2023-03-31	Fuller & Thaler Behavrl Micro-Cap Core	0.4876	0.9638	785565	0	0
2023-03-31	Royce Small-Cap Opportunity Invmt	0.4386	0.1025	706600	163600	30.1289
2023-05-31	iShares Russell 2000 Value ETF	0.2449	0.0044	394480	-984	-0.2488
2023-03-31	FTGF RY US SmCp Opp A USD Dis(A)	0.2308	0.1024	371800	105300	39.5122
2023-03-31	Fidelity® Small Cap Index	0.2182	0.0033	351527	8391	2.4454
2023-04-30	Fidelity® Extended Market Index	0.1913	0.0018	308271	-4602	-1.4709
2023-05-31	Procure Space ETF USD	0.1772	0.7019	285555	0	0
2023-05-30	Schwab US Small-Cap ETF™	0.1552	0.0022	250084	380	0.1522
2023-04-30	CB - Accent Lux BlueSpace C USD Acc	0.1303	2.4123	210000	0	0
2023-04-30	State St Russell Sm/Mid Cp® Indx NL Cl C	0.1227	0.0011	197742	0	0
2023-03-31	BlackRock Extended Mkt Composite	0.1077	0.0024	173521	59186	51.7654
2023-03-31	BlackRock Extended Equity Market K	0.0929	0.0024	149644	50048	50.251
2023-04-30	State St Russell Sm Cap® Indx NL Cl C	0.0879	0.0029	141598	0	0
2023-03-31	NT R2000 Value Index Fund - NL	0.0765	0.007	123283	0	0
2023-03-31	NT R2000 Index Fund - NL	0.076	0.0034	122389	9905	8.8057
Total		8.4879	4.6502	13675034	+2902441	+21.2%

3.3. Insider Transactions

Insiders are holding 34.533% of the shares of Terran Orbital Corp.

Date	Owner	Type	Amount	Price	Post Transaction Amount
2023-02-27	Beach Point Capital Management	SELL	172800	3.02	628709
2023-02-22	Beach Point Capital Management	SELL	1004522	3.03	710081
2023-02-06	Beach Point Capital Management	SELL	1523	2	939509
2023-02-02	Beach Point Capital Management	SELL	20823	2.02	941639
2023-01-11	Beach Point Capital Management	SELL	7411	1.51	946395
2023-01-09	Beach Point Capital Management	SELL	17207	1.5	958961
2023-01-03	Beach Point Capital Management	SELL	67708	1.53	963193
2022-12-30	Beach Point Capital Management	SELL	5933	1.5	978657
2022-12-22	Beach Point Capital Management	SELL	44529	1.5	980012
2022-11-28	Beach Point Capital Management	SELL	3175	2.71	990183
2022-11-25	Beach Point Capital Management	SELL	8813	2.71	990908
2022-11-21	Beach Point Capital Management	SELL	202	2.7	992921
2022-11-18	Beach Point Capital Management	SELL	22817	2.7	993007
2022-11-16	Beach Point Capital Management	SELL	66530	2.71	1002711
2022-11-14	Beach Point Capital Management	SELL	5520	2.8	1031763
2022-11-11	Beach Point Capital Management	SELL	5030	2.83	1033024
2022-11-09	Beach Point Capital Management	SELL	51473	2.82	1042494
2022-11-07	Beach Point Capital Management	SELL	1209	2.8	1054976
2022-11-02	Beach Point Capital Management	SELL	20112	2.9	1056416
2022-10-31	Beach Point Capital Management	SELL	65230	3.09	1061010

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Terran Orbital Corp compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	-0.273	-0.157	-42%	-0.011	-96%	-0.084	-69%	-0.084	-69%
Book Value Growth	-	-	0.520	0.586	-11%	0.698	-26%	0.681	-24%	0.681	-24%
Book Value Per Share	-	-	-0.840	-0.538	-36%	-0.341	-59%	-0.385	-54%	-0.385	-54%
Book Value Per Share Growth	-	-	0.520	0.586	-11%	0.698	-26%	0.681	-24%	0.681	-24%
Current Ratio	-	-	1.426	1.455	-2%	1.083	+32%	1.106	+29%	1.106	+29%
Debt To Asset Ratio	-	-	1.863	1.533	+22%	1.599	+17%	1.575	+18%	1.575	+18%
Debt To Equity Ratio	-	-	-	-	0%	-	0%	-	0%	-	0%
Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Eps	-	-	-0.338	-0.228	-32%	-0.210	-38%	-0.226	-33%	-0.226	-33%
Eps Growth	-	-	0.349	0.961	-64%	0.431	-19%	0.696	-50%	0.696	-50%
Free Cash Flow Per Share	-	-	-0.223	-0.166	-26%	-0.127	-43%	-0.120	-46%	-0.120	-46%
Free Cash Flow Per Share Growth	-	-	0.976	0.566	+72%	-0.346	+135%	0.110	+784%	0.110	+784%
Free Cash Flow To Equity Per Share	-	-	-0.224	-0.030	-87%	0.036	-726%	0.026	-968%	0.026	-968%
Free Cash Flow To Equity Per Share Growth	-	-	-0.626	0.838	-175%	1.863	-134%	2.714	-123%	2.714	-123%
Gross Profit Margin	-	-	1.000	0.570	+75%	1.000	0%	0.828	+21%	0.828	+21%
Intrinsic Value_10Y_max	-	-	-2.806	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-2.571	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	-0.609	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-0.599	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-1.580	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-1.514	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-2.250	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-2.110	-	-	-	-	-	-	-	-
Net Profit Margin	-	-	-1.931	-1.364	-29%	-2.892	+50%	-2.522	+31%	-2.522	+31%
Operating Margin	-	-	-1.203	-1.395	+16%	-1.385	+15%	-1.238	+3%	-1.238	+3%
Operating Ratio	-	-	2.203	2.210	0%	2.385	-8%	2.164	+2%	2.164	+2%
Pb Ratio	-1.667	+24%	-2.191	-5.810	+165%	-33.083	+1410%	-15.557	+610%	-15.557	+610%
Pe Ratio	-4.143	+24%	-5.445	-11.613	+113%	-84.160	+1446%	-38.309	+604%	-38.309	+604%
Peg Ratio	-	-	-15.597	-12.283	-21%	-106.338	+582%	-59.310	+280%	-59.310	+280%
Price Per Share	1.400	-31%	1.840	2.443	-25%	9.040	-80%	4.593	-60%	4.593	-60%
Price To Total Gains Ratio	-5.137	+24%	-6.752	-19.126	+183%	-23.799	+252%	-21.128	+213%	-21.128	+213%
Profit Growth	-	-	0.349	0.961	-64%	0.431	-19%	-0.808	+331%	-0.808	+331%
Quick Ratio	-	-	0.898	1.045	-14%	0.743	+21%	0.777	+16%	0.777	+16%
Return On Assets	-	-	-0.347	-0.226	-35%	-0.282	-19%	-0.390	+12%	-0.390	+12%
Return On Equity	-	-	-	-	0%	-	0%	-	0%	-	0%
Revenue Growth	-	-	0.883	1.240	-29%	1.064	-17%	1.204	-27%	1.204	-27%
Total Gains Per Share	-	-	-0.273	-0.157	-42%	-0.011	-96%	-0.084	-69%	-0.084	-69%
Total Gains Per Share Growth	-	-	0.157	0.369	-58%	2.198	-93%	1.124	-86%	1.124	-86%
Usd Book Value	-	-	-135325000.000	-86721000.000	-36%	-55000000.000	-59%	-62106600.000	-54%	-62106600.000	-54%
Usd Book Value Change Per Share	-	-	-0.273	-0.157	-42%	-0.011	-96%	-0.084	-69%	-0.084	-69%
Usd Book Value Per Share	-	-	-0.840	-0.538	-36%	-0.341	-59%	-0.385	-54%	-0.385	-54%
Usd Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Usd Eps	-	-	-0.338	-0.228	-32%	-0.210	-38%	-0.226	-33%	-0.226	-33%
Usd Free Cash Flow	-	-	-35985000.000	-26732000.000	-26%	-20399750.000	-43%	-19307100.000	-46%	-19307100.000	-46%
Usd Free Cash Flow Per Share	-	-	-0.223	-0.166	-26%	-0.127	-43%	-0.120	-46%	-0.120	-46%
Usd Free Cash Flow To Equity Per Share	-	-	-0.224	-0.030	-87%	0.036	-726%	0.026	-968%	0.026	-968%
Usd Price Per Share	1.400	-31%	1.840	2.443	-25%	9.040	-80%	4.593	-60%	4.593	-60%
Usd Profit	-	-	-54445000.000	-36763250.000	-32%	-33819500.000	-38%	-36505100.000	-33%	-36505100.000	-33%
Usd Revenue	-	-	28198000.000	27328750.000	+3%	10883000.000	+159%	16981100.000	+66%	16981100.000	+66%
Usd Total Gains Per Share	-	-	-0.273	-0.157	-42%	-0.011	-96%	-0.084	-69%	-0.084	-69%
	EOD	+2 -3	MRQ	TTM	+8 -30	YOY	+9 -28	5Y	+11 -27	10Y	+11 -27

4.2. Fundamental Score

Let's check the fundamental score of Terran Orbital Corp based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-4.143
Price to Book Ratio (EOD)	Between	0-1	-1.667
Net Profit Margin (MRQ)	Greater than	0	-1.931
Operating Margin (MRQ)	Greater than	0	-1.203
Quick Ratio (MRQ)	Greater than	1	0.898
Current Ratio (MRQ)	Greater than	1	1.426
Debt to Asset Ratio (MRQ)	Less than	1	1.863
Debt to Equity Ratio (MRQ)	Less than	1	0.000
Return on Equity (MRQ)	Greater than	0.15	0.000
Return on Assets (MRQ)	Greater than	0.05	-0.347
Total			2/10 (20.0%)

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4.3. Technical Score

Let's check the technical score of Terran Orbital Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	1.380
Total			0/1 (0.0%)

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Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in USD. All numbers in thousands.

Summary

Total Assets	156,809
Total Liabilities	292,134
Total Stockholder Equity	-135,325

	As reported
Total Liabilities	292,134
Total Stockholder Equity	+ -135,325
Total Assets	= 156,809

Assets

Total Assets	156,809
Total Current Assets	104,290
Long-term Assets	104,290

Total Current Assets

Total Current Assets (as reported)	104,290
Cash And Cash Equivalents	57,427
Net Receivables	8,219
Inventory	28,576
Other Current Assets	10,068
Total Current Assets (calculated)	104,290
+/-	0

Long-term Assets

Long-term Assets (as reported)	52,519
Property Plant Equipment	31,192
Long-term Assets Other	21,327
Long-term Assets (calculated)	52,519
+/-	0

Liabilities & Shareholders' Equity

Total Current Liabilities	73,142
Long-term Liabilities	218,992
Total Stockholder Equity	-135,325

Total Current Liabilities

Total Current Liabilities (as reported)	73,142
Short-term Debt	9,815
Short Long Term Debt	9,815
Accounts payable	26,357
Other Current Liabilities	17,779
Total Current Liabilities (calculated)	63,766
+/-	9,376

Long-term Liabilities

Long-term Liabilities (as reported)	218,992
Long term Debt Total	148,042
Capital Lease Obligations	997
Long-term Liabilities Other	70,950
Long-term Liabilities (calculated)	219,989
+/-	997

Total Stockholder Equity

Total Stockholder Equity (as reported)	-135,325
Common Stock	14
Retained Earnings	-415,613
Accumulated Other Comprehensive Income	179
Capital Surplus	280,095
Total Stockholder Equity (calculated)	-135,325
+/-	0

Other

Capital Stock	14
Cash and Short Term Investments	57,427
Common Stock Shares Outstanding	144,062
Common Stock Total Equity	14
Current Deferred Revenue	19,191
Liabilities and Stockholders Equity	156,809
Net Debt	100,430
Net Invested Capital	22,532
Net Tangible Assets	-135,325
Net Working Capital	31,148
Short Long Term Debt Total	157,857

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

> Total Assets

44,277
0
0
69,929
135,396
169,988
165,338
150,521
182,654
156,809

156,809

182,654

150,521

165,338

169,988

135,396

69,929

44,277

> Total Current Assets

24,756
0
0
40,600
99,227
114,338
102,314
81,508
138,921
104,290

104,290

138,921

81,508

102,314

114,338

99,227

40,600

24,756

Cash And Cash Equivalents

12,336
0
0
17,530
27,325
76,654
62,299
35,823
93,561
57,427

57,427

93,561

35,823

62,299

76,654

27,325

17,530

12,336

Net Receivables

4,385
0
0
9,342
6,480
22,235
17,564
20,052
11,517
8,219

8,219

11,517

20,052

17,564

22,235

6,480

9,342

4,385

Inventory

2,819
0
0
6,591
7,783
9,191
12,337
16,958
24,133
28,576

28,576

24,133

16,958

12,337

9,191

7,783

6,591

2,819

Other Current Assets

5,216
0
0
7,137
1,972
4,673
8,553
7,441
9,710
10,068

10,068

9,710

7,441

8,553

4,673

1,972

7,137

5,216

> Long-term Assets

19,521
0
0
29,329
36,169
55,650
63,024
69,013
43,733
52,519

52,519

43,733

69,013

63,024

55,650

36,169

29,329

19,521

Property Plant Equipment

19,521
0
0
29,218
35,530
38,334
42,615
48,864
24,743
31,192

31,192

24,743

48,864

42,615

38,334

35,530

29,218

19,521

Other Assets

0
0
0
0
639
3,197
20,409
20,149
0
0

20,149

20,409

3,197

639

> Total Liabilities

71,368
0
0
129,330
234,753
204,139
217,872
218,125
274,075
292,134

292,134

274,075

218,125

217,872

204,139

234,753

129,330

71,368

> Total Current Liabilities

27,227
0
0
29,917
103,960
56,599
74,070
77,674
70,736
73,142

73,142

70,736

77,674

74,070

56,599

103,960

29,917

27,227

Short-term Debt

1,403
0
0
23
14
8,349
7,515
7,735
7,739
9,815

9,815

7,739

7,735

7,515

8,349

1,403

Short Long Term Debt

0
0
0
23
0
7,515
7,515
7,735
7,739
9,815

9,815

7,739

7,735

7,515

Accounts payable

2,904
0
0
6,599
9,366
10,833
17,335
19,970
21,188
26,357

26,357

21,188

19,970

17,335

10,833

9,366

6,599

2,904

Other Current Liabilities

4,851
0
0
5,573
77,022
13,213
15,869
15,509
14,581
17,779

17,779

14,581

15,509

15,869

13,213

77,022

5,573

4,851

> Long-term Liabilities

44,141
0
0
99,413
130,793
147,540
143,802
140,451
203,339
218,992

218,992

203,339

140,451

143,802

147,540

130,793

99,413

44,141

Long term Debt Total

0
0
0
0
0
94,929
96,479
99,337
142,620
148,042

148,042

142,620

99,337

96,479

94,929

Other Liabilities

512
0
0
0
7,659
36,971
47,323
21,859
0
0

21,859

47,323

36,971

7,659

512

> Total Stockholder Equity

-50,834
0
0
-59,401
-99,357
-34,151
-52,534
-67,604
-91,421
-135,325

-135,325

-91,421

-67,604

-52,534

-34,151

-99,357

-59,401

-50,834

Common Stock

0
0
0
0
8
14
14
14
14
14

Retained Earnings

-415,613

-361,168

-328,189

-300,834

-268,560

-197,066

-156,813

-58,084

Accumulated Other Comprehensive Income

-204
0
0
-42
-36
11
153
291
159
179

179

159

291

153

-36

-42

-204

Capital Surplus

0
0
0
0
0
234,384
248,133
260,280
269,574
280,095

280,095

269,574

260,280

248,133

234,384

Treasury Stock

Other Stockholders Equity

7,454
0
0
97,454
97,737
234,384
248,133
260,280
269,574
280,095

280,095

269,574

260,280

248,133

234,384

97,737

97,454

7,454

Balance Sheet

Currency in USD. All numbers in thousands.

	2022-12-31	2021-12-31	2020-12-31	2019-12-31
Accounts Payable	21,188	9,366	2,904	3,826
Accumulated Other Comprehensive Income	159	-36	-204	-10
Capital Lease Obligations	971	0	-	-
Capital Stock	14	8	0	0
Capital Surpluse	269,574	-	-	-
Cash	93,561	27,325	12,336	15,896
Cash And Short Term Investments	93,561	27,325	12,336	15,896
Common Stock	14	8	-	-
Common Stock Shares Outstanding	134,123	135,518	135,518	135,518
Common Stock Total Equity	14	-	-	-
Current Deferred Revenue	27,228	17,558	18,069	9,296
Inventory	24,133	7,783	2,819	496
Liabilities And Stockholders Equity	182,654	135,396	44,277	35,939
Long Term Debt	142,620	115,134	35,629	33,107
Long Term Debt Total	142,620	-	-	-
Net Debt	56,798	87,823	24,696	17,226
Net Invested Capital	58,938	15,791	-13,802	-8,406
Net Receivables	11,517	6,480	4,385	3,101
Net Tangible Assets	-91,421	-99,357	-50,834	-41,528
Net Working Capital	68,185	-4,733	-2,471	-4,297
Non Current Assets Total	43,733	36,169	19,521	15,374
Non Current Liabilities Other	60,719	2,028	512	2,230
Non Current Liabilities Total	203,339	130,793	44,141	43,337
Non Currrent Assets Other	18,990	639	-	250
Other Assets	-	639	-	250
Other Current Assets	9,710	1,972	5,216	1,072
Other Current Liab	14,581	77,022	4,851	11,725
Other Liab	-	7,659	512	2,230
Other Stockholder Equity	269,574	97,737	7,454	6,111
Property Plant And Equipment Net	24,743	35,530	19,521	15,124
Property Plant Equipment	24,743	35,530	19,521	15,124
Retained Earnings	-361,168	-197,066	-58,084	-47,629
Retained Earnings Total Equity	-361,168	-	-	-
Short Long Term Debt	7,739	14	1,403	15
Short Long Term Debt Total	150,359	115,148	37,032	33,122
Short Term Debt	7,739	14	1,403	15
Total Assets	182,654	135,396	44,277	35,939
Total Current Assets	138,921	99,227	24,756	20,565
Total Current Liabilities	70,736	103,960	27,227	24,862
Total Liab	274,075	234,753	71,368	68,199
Total Stockholder Equity	-91,421	-99,357	-50,834	-41,528

	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31
Accounts Payable	26,357	21,188	19,970	17,335	10,833	9,366	6,599	-	-	2,904
Accumulated Other Comprehensive Income	179	159	291	153	11	-36	-42	-	-	-204
Capital Lease Obligations	997	971	1,253	1,012	834	-	-	-	-	-
Capital Stock	14	14	14	14	14	-	0	-	-	-
Capital Surpluse	280,095	269,574	260,280	248,133	234,384	-	-	-	-	-
Cash	57,427	93,561	35,823	62,299	76,654	27,325	17,530	-	-	12,336
Cash And Short Term Investments	57,427	93,561	35,823	62,299	76,654	27,325	17,530	-	-	12,336
Common Stock	14	14	14	14	14	8	-	-	-	-
Common Stock Shares Outstanding	144,062	142,931	143,277	142,378	83,644	135,518	135,518	135,518	135,518	135,518
Common Stock Total Equity	14	14	14	14	14	-	-	-	-	-
Current Deferred Revenue	19,191	27,228	34,460	33,351	24,204	17,558	17,722	-	-	18,069
Inventory	28,576	24,133	16,958	12,337	9,191	7,783	6,591	-	-	2,819
Liabilities And Stockholders Equity	156,809	182,654	150,521	165,338	169,988	135,396	69,929	-	-	44,277
Long Term Debt	148,042	142,620	99,337	96,479	94,929	-	85,501	-	-	-
Long Term Debt Total	148,042	142,620	99,337	96,479	94,929	-	-	-	-	-
Net Debt	100,430	56,798	71,249	41,695	26,624	87,823	67,994	-	-	24,696
Net Invested Capital	22,532	58,938	39,468	51,460	68,293	-	26,123	-	-	-
Net Receivables	8,219	11,517	20,052	17,564	22,235	6,480	9,342	-	-	4,385
Net Tangible Assets	-135,325	-91,421	-67,604	-52,534	-34,151	-99,357	-	-	-50,834	-50,834
Net Working Capital	31,148	68,185	3,834	28,244	57,739	-	10,683	-	-	-
Non Current Assets Total	52,519	43,733	69,013	63,024	55,650	36,169	29,329	-	-	19,521
Non Current Liabilities Other	70,950	60,719	19,676	19,884	52,611	-	1,460	-	-	-
Non Current Liabilities Total	218,992	203,339	140,451	143,802	147,540	130,793	99,413	-	-	44,141
Non Currrent Assets Other	21,327	18,990	20,149	20,409	17,316	639	111	-	-	-
Other Assets	-	-	20,149	20,409	3,197	639	-	-	-	-
Other Current Assets	10,068	9,710	7,441	8,553	4,673	1,972	7,137	-	-	5,216
Other Current Liab	17,779	14,581	15,509	15,869	13,213	77,022	5,573	-	-	4,851
Other Liab	-	-	21,859	47,323	36,971	7,659	-	-	-	512
Other Stockholder Equity	280,095	269,574	260,280	248,133	234,384	97,737	97,454	-	-	7,454
Property Plant And Equipment Net	31,192	24,743	48,864	42,615	38,334	35,530	29,218	-	-	19,521
Property Plant Equipment	31,192	24,743	48,864	42,615	38,334	35,530	-	-	-	19,521
Retained Earnings	-415,613	-361,168	-328,189	-300,834	-268,560	-197,066	-156,813	-	-	-58,084
Retained Earnings Total Equity	-415,613	-361,168	-328,189	-300,834	-268,560	-	-	-	-	-
Short Long Term Debt	9,815	7,739	7,735	7,515	7,515	-	23	-	-	-
Short Long Term Debt Total	157,857	150,359	107,072	103,994	103,278	115,148	85,524	-	-	37,032
Short Term Debt	9,815	7,739	7,735	7,515	8,349	14	23	-	-	1,403
Total Assets	156,809	182,654	150,521	165,338	169,988	135,396	69,929	-	-	44,277
Total Current Assets	104,290	138,921	81,508	102,314	114,338	99,227	40,600	-	-	24,756
Total Current Liabilities	73,142	70,736	77,674	74,070	56,599	103,960	29,917	-	-	27,227
Total Liab	292,134	274,075	218,125	217,872	204,139	234,753	129,330	-	-	71,368
Total Stockholder Equity	-135,325	-91,421	-67,604	-52,534	-34,151	-99,357	-59,401	-	-	-50,834

Cash Flow

Currency in USD. All numbers in thousands.

	2022-12-31	2021-12-31	2020-12-31	2019-12-31
Begin Period Cash Flow	27,325	12,336	15,896	19,321
Capital Expenditures	22,469	16,352	7,325	5,143
Cash And Cash Equivalents Changes	66,276	-	-	-
Cash Flows Other Operating	37,110	-	-	-
Change In Cash	66,236	14,989	-3,560	-3,425
Change In Working Capital	3,650	-2,162	-8,110	3,219
Change Receivables	-1,459	-	-	-
Change To Account Receivables	376	-1,687	-1,980	3,072
Change To Inventory	-14,564	-5,393	-3,188	-360
Change To Liabilities	10,296	1,932	6,153	3,510
Change To Netincome	46,785	103,204	4,157	2,357
Change To Operating Activities	-	3,887	-8,900	-2,381
Depreciation	5,002	3,053	2,934	2,571
End Period Cash Flow	93,561	27,325	12,336	15,896
Free Cash Flow	-104,273	-51,239	-18,799	-12,683
Investments	-22,469	-16,352	-7,325	-5,143
Issuance Of Capital Stock	16,586	0	-	-
Net Borrowings	44,479	58,231	2,522	-14
Net Income	-163,980	-138,982	-10,455	-15,687
Other Cashflows From Financing Activities	186,853	66,362	15,116	9,285
Other Non Cash Items	22,442	102,526	2,963	1,448
Sale Purchase Of Stock	67,366	-	-	-
Stock Based Compensation	51,082	678	1,194	909
Total Cash From Financing Activities	170,549	66,352	15,101	9,271
Total Cash From Operating Activities	-81,804	-34,887	-11,474	-7,540
Total Cashflows From Investing Activities	-22,469	-16,352	-7,325	-5,143

	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31
Begin Period Cash Flow	93,561	35,823	62,299	76,654	27,325	17,530	40,281	53,648	12,336	15,844
Capital Expenditures	3,162	7,456	5,650	5,333	4,030	5,829	3,903	4,198	2,422	2,572
Cash And Cash Equivalents Changes	-36,164	57,744	-26,732	-14,093	49,357	-	-	-	-	-
Cash Flows Other Operating	-4,894	8,114	19,202	6,923	2,871	-	-	-	-	-
Change In Cash	-36,134	57,738	-26,476	-14,355	49,329	9,795	-22,751	-13,367	41,312	-3,508
Change In Working Capital	-6,253	1,443	-3,401	18,400	-12,792	4,492	-8,958	-1,839	4,143	3,738
Change Receivables	1,904	2,395	4,912	11,039	-19,805	-	-	-	-	-
Change To Account Receivables	1,992	1,941	4,871	8,566	-15,002	1,784	-3,946	701	-226	-1,982
Change To Inventory	-3,990	-5,226	-4,642	-3,146	-1,550	-1,276	-2,524	-2,591	998	-826
Change To Liabilities	1,009	-546	2,986	16,860	6,166	-530	-	537	2,930	8,095
Change To Netincome	26,674	-825	7,972	9,361	53,544	27,924	-	570	72,134	1,434
Change To Operating Activities	-	-	911	35	-4,154	3,675	-	516	1,226	-1,418
Depreciation	1,198	1,387	1,221	1,243	1,151	836	885	661	671	691
End Period Cash Flow	57,427	93,561	35,823	62,299	76,654	27,325	17,530	40,281	53,648	12,336
Free Cash Flow	-35,985	-35,127	-27,213	-8,603	-33,330	-12,830	-21,765	-13,674	-2,970	-1,574
Investments	-3,162	-7,456	-5,650	-5,333	-4,030	-	-3,903	-4,198	-2,422	-
Issuance Of Capital Stock	0	0	1,795	0	14,791	-	-	0	-	-
Net Borrowings	-518	38,581	-995	-1,878	8,771	10,763	-	-3	47,477	-4
Net Income	-54,445	-32,979	-27,355	-32,274	-71,372	-40,253	-12,365	-8,868	-77,496	-4,865
Other Cashflows From Financing Activities	339	96,598	595	-3,612	95,067	22,626	-905	295	44,352	-1,982
Other Non Cash Items	16,511	-8,250	-1,232	-4,456	36,378	27,777	2,399	384	71,966	1,099
Sale Purchase Of Stock	339	55,805	-319	-3,612	15,492	-	-	-	-	-
Stock Based Compensation	10,166	10,728	9,204	13,815	17,335	147	177	186	168	335
Total Cash From Financing Activities	-179	92,871	481	-5,490	82,687	22,623	-911	292	44,348	-1,986
Total Cash From Operating Activities	-32,823	-27,671	-21,563	-3,270	-29,300	-7,001	-17,862	-9,476	-548	998
Total Cashflows From Investing Activities	-3,162	-7,456	-5,650	-5,333	-4,030	-5,829	-	-4,198	-2,422	-2,572

Income Statement

Currency in USD. All numbers in thousands.

	2022-12-31	2021-12-31	2020-12-31	2019-12-31
Cost Of Revenue	111,494	33,912	16,860	15,793
Depreciation And Amortization	24,182	3,091	2,930	2,572
Ebit	-152,821	-36,709	-9,419	-14,386
Ebitda	-128,639	-33,618	-6,489	-11,814
Gross Profit	-17,257	6,994	8,019	5,968
Income Before Tax	-163,820	-138,944	-10,639	-15,709
Income Tax Expense	160	38	-184	-22
Interest Expense	26,644	7,965	1,216	1,324
Net Income	-163,980	-138,982	-10,455	-15,687
Net Income Applicable To Common Shares	-163,980	-138,982	-10,455	-15,687
Net Income From Continuing Ops	-163,980	-138,982	-10,455	-15,687
Net Interest Income	-26,644	-7,965	-1,216	-1,324
Non Operating Income Net Other	-27,655	-	-	-
Non Recurring	23,694	-	-	-
Operating Income	-152,821	-36,709	-9,419	-14,386
Other Operating Expenses	223,364	77,615	34,298	36,147
Reconciled Depreciation	5,002	3,053	2,934	2,571
Selling General Administrative	111,870	43,703	17,438	20,354
Tax Provision	160	38	-184	-22
Total Operating Expenses	111,870	43,703	17,438	20,354
Total Other Income Expense Net	-10,999	-102,235	-1,220	-1,323
Total Revenue	94,237	40,906	24,879	21,761

	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31
Cost Of Revenue	29,597	42,710	27,793	25,038	15,953	10,007	8,768	5,403	9,734	6,072
Depreciation And Amortization	1,089	22,934	-275	-468	748	978	1,095	2,893	-69,977	644
Ebit	-33,929	-62,068	-24,659	-33,044	-33,050	-12,382	-9,945	-8,469	-5,913	-4,506
Ebitda	-32,840	-39,134	-24,934	-33,512	-32,302	-11,404	-8,850	-5,576	-75,890	-3,862
Gross Profit	-1,399	-10,787	37	-3,674	-2,833	741	1,487	4,006	760	398
Income Before Tax	-54,427	-32,877	-27,301	-32,272	-71,370	-40,237	-12,365	-8,874	-77,468	-4,865
Income Tax Expense	18	102	54	2	2	16	2,420	-6	28	359
Interest Expense	10,934	9,637	7,147	6,937	2,923	1,791	2,630	2,637	907	312
Net Income	-54,445	-32,979	-27,355	-32,274	-71,372	-40,253	-14,785	-8,868	-77,496	-5,224
Net Income Applicable To Common Shares	-54,445	-32,979	-27,355	-32,274	-71,372	-40,253	-	-8,868	-77,496	-4,865
Net Income From Continuing Ops	-54,445	-32,979	-27,355	-32,274	-71,372	-	-12,365	-8,868	-77,496	-
Net Interest Income	-10,934	-9,637	-7,147	-6,937	-2,923	-	-2,630	-2,637	-907	-
Non Operating Income Net Other	-109	-2,147	-1,496	-468	-23,544	-	-	-	-	-
Non Recurring	-	23,694	-	-	-	-	-	-	-	-
Operating Income	-33,929	-62,068	-24,659	-33,044	-33,050	-12,382	-9,945	-8,469	-5,913	-4,506
Other Operating Expenses	62,127	70,297	52,489	54,408	46,170	23,130	20,200	17,878	16,407	10,976
Reconciled Depreciation	1,198	1,387	1,221	1,243	1,151	-	885	661	671	691
Selling And Marketing Expenses	-	-56,696	-	-	-	-	-	-	-	-
Selling General Administrative	32,530	84,283	24,696	29,370	30,217	-	11,432	12,475	6,673	4,904
Tax Provision	18	102	54	2	2	-	0	-6	28	-
Total Operating Expenses	32,530	27,587	24,696	29,370	30,217	13,123	11,432	12,475	6,673	4,904
Total Other Income Expense Net	-20,498	29,191	-2,642	772	-38,320	-27,855	-2,420	-405	-71,555	-359
Total Revenue	28,198	31,923	27,830	21,364	13,120	10,748	10,255	9,409	10,494	6,470

Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue	94,237
Cost of Revenue	-111,494
Gross Profit	-17,257	-17,257

Operating Income (+$)
Gross Profit	-17,257
Operating Expense	-111,870
Operating Income	-152,821	-129,127

Operating Expense (+$)
Research Development	-
Selling General Administrative	111,870
Selling And Marketing Expenses	-
Operating Expense	111,870	111,870

Net Interest Income (+$)
Interest Income	-
Interest Expense	-26,644
Other Finance Cost	-0
Net Interest Income	-26,644

Pretax Income (+$)
Operating Income	-152,821
Net Interest Income	-26,644
Other Non-Operating Income Expenses	-27,655
Income Before Tax (EBT)	-163,820	-141,822 EBIT - interestExpense = -179,465 -163,820 -137,336
Interest Expense	26,644
Earnings Before Interest and Taxes (EBIT)	-152,821	-137,176
Earnings Before Interest and Taxes (EBITDA)	-128,639

After tax Income (+$)
Income Before Tax	-163,820
Tax Provision	-160
Net Income From Continuing Ops	-163,980	-163,980
Net Income	-163,980
Net Income Applicable To Common Shares	-163,980

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	23,694
Other Operating Expenses	223,364
Total Other Income/Expenses Net	-10,999	54,299

Technicals of Terran Orbital Corp

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Directionalities and relatives.

Moving Average	Amount of candles	Trend	Price +/-	vs. MA 50	vs. MA 100	vs. MA 200

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

Terran Orbital Corp Daily Moving Averages Chart

1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of Terran Orbital Corp:

Terran Orbital Corp Daily Moving Average Convergence/Divergence (MACD) Chart

1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of Terran Orbital Corp:

The ADX is .

Terran Orbital Corp Daily Directional Movement Index (DMI) Chart

1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

The Parabolic SAR is lower than the price. The current trend is up. +2

Terran Orbital Corp Daily Parabolic SAR Chart

2. Momentum Indicators

2.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

The RSI is below 50. -1
The RSI is below 30 and oversold. +2

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

Terran Orbital Corp Daily Relative Strength Index (RSI) Chart

2.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

The Stochastic is below 50. -1
The Stochastic is below 30 and oversold. +2

Terran Orbital Corp Daily Stochastic Oscillator Chart

2.3 Commodity Channel Index (CCI)

Terran Orbital Corp Daily Commodity Channel Index (CCI) Chart

2.4 Chande Momentum Oscillator (CMO)

Terran Orbital Corp Daily Chande Momentum Oscillator (CMO) Chart

2.5 Williams %R

Terran Orbital Corp Daily Williams %R Chart

3. Volatility Indicators

3.1 Bollinger Bands

Terran Orbital Corp Daily Bollinger Bands Chart

3.2 Average True Range (ATR)

Terran Orbital Corp Daily Average True Range (ATR) Chart

4. Volume Indicators

4.1 On-Balance Volume (OBV)

Terran Orbital Corp Daily On-Balance Volume (OBV) Chart

4.2 Money Flow Index (MFI)

Terran Orbital Corp Daily Money Flow Index (MFI) Chart

5. Summary

5.1. Notifications

Type	Notification	Date
Currently no notifications for Terran Orbital Corp.

5.2. Trading Signals

Date	Indicator	Entry signal	Exit signal
2023-05-26	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	MFI	20 crossover to upside
2023-05-30	CMO	SHORT ENTRY	LONG CLOSE	-50 crossover to downside
2023-06-01	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2023-06-02	MFI	20 crossover to downside

5.2. Technical Score

Let's check the technical score of Terran Orbital Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	1.380
Total			0/1 (0.0%)

Create your own Symbol Scanner

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Quick analysis of Terran Orbital Corp (30 sec.)

1. Valuation of Terran Orbital Corp (5 min.)

$1.40

$-0.84

2. Growth of Terran Orbital Corp (5 min.)

Is Terran Orbital Corp growing?

How much money is Terran Orbital Corp making?

How much money comes from the company's main activities?

3. Financial Health of Terran Orbital Corp (5 min.)

4. Comparing to competitors in the Aerospace & Defense industry (5 min.)

Industry Rankings (Aerospace & Defense)

Fundamentals of Terran Orbital Corp

Financial Health

1.1. Profitability of Terran Orbital Corp.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Aerospace & Defense)

1.1.2. Return on Assets

Trends

Compared to industry (Aerospace & Defense)

1.1.3. Return on Equity

Trends

Compared to industry (Aerospace & Defense)

1.2. Operating Efficiency of Terran Orbital Corp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Aerospace & Defense)

1.2.2. Operating Ratio

Trends

Compared to industry (Aerospace & Defense)

1.3. Liquidity of Terran Orbital Corp.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Aerospace & Defense)

1.3.2. Quick Ratio

Trends

Compared to industry (Aerospace & Defense)

1.4. Solvency of Terran Orbital Corp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Aerospace & Defense)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Aerospace & Defense)

2. Market Valuation of Terran Orbital Corp

2. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Aerospace & Defense)

2.2. Price Earnings to Growth Ratio

Trends

Compared to industry (Aerospace & Defense)

2. Book Value per Share

2.3. Price to Book Ratio

Trends

Compared to industry (Aerospace & Defense)

Terran Orbital Corp
Buy, Hold or Sell?