Named tests met0 of 30
139.75 USD Market data. Sources for Share price
Close of Nov 11, 2026Market data as of Nov 11, 2026. Ratios computed Oct 20, 2026.
ValueScreener company report
NASDAQ / Industrials / Aerospace & Defense
Reading
The evidence behind it
Overview
Market dataComputed
Four questions, at a glance
Quality
Return on equity
-11.9% Computed
Valuation
Price to book
10.46x Computed
Cash generation
Free cash flow yield
-3.2% Computed
Strength
Debt to equity
0.55 Computed
- Market capitalisation
1.84T USD Market data. Sources for Market capitalisation
21:00 UTC- Newest accounts
- none on file
- Filed years
- n/a
The business, and the score behind its five axes
The reading, in brief
- Is it good
Return on equity for Space Exploration Technologies Corp.: n/a. We do not hold this figure for this company.
- Is it safe
Net debt to EBITDA for Space Exploration Technologies Corp.: n/a. We do not hold this figure for this company.
- What to check next
- What to check next on Space Exploration Technologies Corp., and where in its filings. (1 question for Space Exploration Technologies Corp.)
- In one paragraph
- One paragraph on Space Exploration Technologies Corp.'s returns, cash, balance sheet and price. (1 of sixteen figures read for Space Exploration Technologies Corp.)
These are SPCX’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.
Research SPCXPart of Serious. New accounts start with 30 days of Professional, free, no card.
What changed
Company statement
No filing of this company is on file yet.
Quality
The returns the business earns on its capital, and the margins behind them.
Market dataComputed
| Figure | Value, source and document |
|---|---|
Return on invested capital, after taxWhy n/aThe filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed. | n/a Computed. Sources for Return on invested capital, after taxStatement not held |
| Return on equity | -11.9% Computed. Sources for Return on equityStatement not held |
| Return on capital employed, pre-tax | -3.7% Computed. Sources for Return on capital employed, pre-taxStatement not held |
| Return on assets | -5.4% Computed. Sources for Return on assetsStatement not held |
| Gross margin | 49.4% Computed. Sources for Gross marginStatement not held |
| Operating margin | -13.9% Computed. Sources for Operating marginStatement not held |
| Net margin | -26.4% Computed. Sources for Net marginStatement not held |
SPCX -26.4%
-26.4%19.0%
Financial strength
What it owes against what it owns, and whether it can meet what falls due.
Market dataComputedCompany statement
| Figure | Value, source and document |
|---|---|
| Debt to equity | 0.55 Computed. Sources for Debt to equityStatement not held |
| Current ratio | 1.45 Computed. Sources for Current ratioStatement not held |
| Quick ratio | 1.33 Computed. Sources for Quick ratioStatement not held |
Interest coverageWhy n/mOperating income is zero or below, so there is no operating profit to cover the interest bill and coverage is not meaningful (n/m). | n/m Computed. Sources for Interest coverageStatement not held |
| Altman Z-score | 4.78 Computed. Sources for Altman Z-score21:00 UTC · Statement not held |
The balance sheet on file does not carry both total assets and total liabilities, so it is not drawn.
The balance sheet, line by line
Financial health
No annual balance sheet is on file for this company, so what it owns and what it owes cannot be shown.
Valuation context
Market dataComputed
| Figure | Value, source and document |
|---|---|
Price to earningsWhy n/mEarnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one. | n/m Computed. Sources for Price to earnings21:00 UTC · Statement not held |
P/E on trailing twelve monthsWhy n/aA trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 2 for this company. Nothing is drawn rather than a line built from fewer. | n/a Computed. Sources for P/E on trailing twelve monthsClose of Nov 11, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings |
| Price to book | 10.46x Computed. Sources for Price to book21:00 UTC · Statement not held |
| Price to sales | 23.16x Computed. Sources for Price to sales21:00 UTC · Statement not held |
Enterprise value to EBITWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a Computed. Sources for Enterprise value to EBIT21:00 UTC · Statement not held |
| Enterprise value to EBITDA | 100.39x Computed. Sources for Enterprise value to EBITDAClose of Nov 11, 2026 · Statement not held |
Price to earnings over growthWhy n/mEarnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one. | n/m Computed. Sources for Price to earnings over growth21:00 UTC · Statement not held |
Graham numberWhy n/mEarnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one. | n/m Computed. Sources for Graham numberStatement not held |
We publish no fair value or price target of our own. Value SPCX on your own assumptions in the DCF workbench, starting from the filed figures.
Its own record, and companies like it
Valuation
What the market charges for Space Exploration Technologies Corp today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.
| Share price | 139.75 USD |
|---|---|
| Market capitalisation | 1.84T USD |
| Enterprise value to EBITDA | 100.39x |
| Graham number | n/m |
| Diluted earnings per share | n/a |
Price to earnings on trailing twelve months: A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 2 for this company. Nothing is drawn rather than a line built from fewer.
Companies like Space Exploration Technologies Corp
- Caterpillar Inc. (CAT)Market cap 275.30B USD
- GE Aerospace (GE)Market cap 355.60B USD
- RTX Corporation (RTX)Market cap 271.60B USD
Same sector (Industrials) and size band (Mega, 200B and over), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.
Cash generation
Market dataComputed
| Figure | Value, source and document |
|---|---|
| Free cash flow yield | -3.2% Computed. Sources for Free cash flow yield21:00 UTC · Statement not held |
| Free cash flow margin | -74.7% Computed. Sources for Free cash flow marginStatement not held |
Dividend yieldWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a Computed. Sources for Dividend yield21:00 UTC · Statement not held |
Payout ratioWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a Computed. Sources for Payout ratioStatement not held |
Filings
Every figure, the year it is for and the document it was read from.
Market data
The figures on file
Computed from annual statements that name no SEC filing and, in a ratio with a price in it, the last close, dated on this page. So each figure below reads Market data, with the fiscal year it is for and the day it was supplied, and every blank carries the reason it is blank. Nothing here is a view on this company.
| Figure | Value | Year | As of |
|---|---|---|---|
| n/m | n/a | Nov 11, 2026 | |
| n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT. | |||
FormulaShare price / earnings per share. Where the filing states no earnings per share this listing can be priced on, which is every 20-F and 40-F filer because theirs is stated per ordinary share, it is market capitalisation / net income: the same multiple, undiluted. As ofThe close on Nov 11, 2026, over the filed figures of n/a: a price is in this figure, and it moved after the filing. | |||
| 10.46x | n/a | Nov 11, 2026 | |
FormulaMarket capitalisation / shareholders equity As ofThe close on Nov 11, 2026, over the filed figures of n/a: a price is in this figure, and it moved after the filing. | |||
| n/a | n/a | Nov 11, 2026 | |
| n/a No income statement for the latest filed year is on file, or the one on file reports neither revenue nor net income. | |||
Formula(Market capitalisation + total debt - cash) / operating income, or over the filing's own EBIT (income before tax + interest expense) where the filer tags no operating line, as Johnson & Johnson does not in any of its ten filed years. As ofThe close on Nov 11, 2026, over the filed figures of n/a: a price is in this figure, and it moved after the filing. | |||
| -3.2% | n/a | Nov 11, 2026 | |
FormulaFree cash flow per share / share price x 100 As ofThe close on Nov 11, 2026, over the filed figures of n/a: a price is in this figure, and it moved after the filing. | |||
| n/a | n/a | n/a | |
| n/a The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed. | |||
FormulaVendor trailing-twelve-month return on invested capital where one is published, which uses after-tax operating profit over total assets less current liabilities. Otherwise our own recompute: NOPAT / (shareholders equity + total debt - cash) x 100, where NOPAT is the filed operating profit after tax, or the filing's own EBIT after tax where the filer tags no operating line. As ofThe filing date of the statements below. | |||
| n/a | n/a | Nov 11, 2026 | |
| n/a No cash flow statement for the latest filed year is on file. | |||
FormulaCommon dividends paid in the latest filed year / market capitalisation x 100. n/a where the filing cannot support it: a special or first-year payment, a total that mixes preferred dividends, or a cash-flow statement over 15 months old. As ofThe close on Nov 11, 2026, over the filed figures of n/a: a price is in this figure, and it moved after the filing. | |||
| 0.55 | n/a | n/a | |
FormulaTotal debt / shareholders equity As ofThe filing date of the statements below. | |||
| 1.45 | n/a | n/a | |
FormulaCurrent assets / current liabilities As ofThe filing date of the statements below. | |||
| 23.16x | n/a | Nov 11, 2026 | |
FormulaMarket capitalisation / revenue As ofThe close on Nov 11, 2026, over the filed figures of n/a: a price is in this figure, and it moved after the filing. | |||
| n/m | n/a | Nov 11, 2026 | |
| n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT. | |||
FormulaPrice to earnings / the annual earnings growth rate, in percentage points As ofThe close on Nov 11, 2026, over the filed figures of n/a: a price is in this figure, and it moved after the filing. | |||
| 4.78 | n/a | Nov 11, 2026 | |
Formula1.2 x working capital/assets + 1.4 x retained earnings/assets + 3.3 x EBIT/assets + 0.6 x market value of equity/total liabilities + 1.0 x revenue/assets As ofThe close on Nov 11, 2026, over the filed figures of n/a: a price is in this figure, and it moved after the filing. | |||
| -3.08 | n/a | n/a | |
FormulaAn eight-variable index of year-on-year changes in receivables, gross margin, asset quality, revenue, depreciation, overheads, leverage and accruals As ofThe filing date of the statements below. | |||
| 5/9 | n/a | n/a | |
FormulaOne point each for: positive return on assets, positive operating cash flow, rising return on assets, operating cash flow above net income, falling leverage, rising current ratio, no new shares issued, rising gross margin, rising asset turnover. As ofThe filing date of the statements below. | |||
| 139.75 USD | n/a | Nov 11, 2026 | |
FormulaThe last close we hold, in the currency the listing trades in. As ofThe close on Nov 11, 2026, over the filed figures of n/a: a price is in this figure, and it moved after the filing. | |||
| n/a | n/a | Nov 11, 2026 | |
| n/a Our price archive holds no close from a year ago for this listing, so there is nothing to measure the year against. | |||
Formula(price now - price a year ago) / price a year ago. It counts no dividend, so a high payer reads lower here than a holder's own return. As ofThe close on Nov 11, 2026, over the filed figures of n/a: a price is in this figure, and it moved after the filing. | |||
We hold no annual statement for this company, which is not the same as it having filed none. Prices as of Nov 11, 2026. Ratios recomputed Oct 20, 2026. Two facts, because a recompute is not a fresh quote.
The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.
Ten years of filed figures, year by year
Ten years of filed figures
No annual income statement is on file for this company, so there is no filed record of what it has earned.
Risks and guardrails
The accounting screens, the published tests, and the lines you can set to be told.
ComputedCompany statement
| Figure | Value, source and document |
|---|---|
| Beneish M-score | -3.08 Computed. Sources for Beneish M-scoreStatement not held |
| Piotroski F-score | 5/9 Computed. Sources for Piotroski F-scoreStatement not held |
| Named tests met | 0 of 30 Computed. Sources for Named tests met |
BetaWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a Computed. Sources for Beta21:00 UTC |
The named tests
Of 30 tests value investors published: 0 met, 24 not met, 6 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.
Which tests, by name(all 30)
- Meets
- None of the named tests.
- Does not
- Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; Low beta, profitable; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/B (David Dreman)
- Not measured
- Earnings yield and ROIC (Joel Greenblatt); ROIC at or above WACC; P/E times P/B (Benjamin Graham); Cash-covered dividend; Cheapest quarter on P/E (David Dreman); Low P/E, growth, yield (John Neff). A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(15)
- P/E Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
- EV/EBIT: We do not hold this figure for this company, so there is nothing to show.
- Return on Invested Capital: The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.
- PEG Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
- Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
- Rev Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
- Interest Coverage: Operating income is zero or below, so there is no operating profit to cover the interest bill and coverage is not meaningful (n/m).
- Dividend Yield: We do not hold this figure for this company, so there is nothing to show.
- Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
- Beta: We do not hold this figure for this company, so there is nothing to show.
- ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.
- % Above 52-Week Low: We do not hold this figure for this company, so there is nothing to show.
- Price To Graham: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
- Dividend Coverage Ratio: We do not hold this figure for this company, so there is nothing to show.
- Dividend Streak: We do not hold this figure for this company, so there is nothing to show.
Declared positions
Whether anybody here owns this company.
Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.
A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.
What this cannot tell you
- 15 figures could not be read on this company, among them P/E Ratio, EV/EBIT, Return on Invested Capital. Each blank in the table above names the rest, with its reason. 6 named tests come back incomplete because of them, which is neither met nor missed.
- We hold no filed annual statement for this company yet, so the run above is shorter than a full decade and is counted as what it is.
And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.
Then we check your line against newly filed data and write to you the night our data shows it broke. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published. It is Professional, the plan a new account starts on for 30 days, one trial per person.
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ValueScreener · valuescreener.ai · Computed from annual statements on file for this company that name no SEC filing, which are market data, and from dated closing prices. Every figure on this page opens into its formula and its inputs. A figure that cannot show that trail says so.
A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.
Margin Notes
Once a week, what changed in the filings of US-listed companies, and what it can mean for a thesis.