Virgin Mobile Usa Inc (NYSE:VM)

GeoProfile
Overview
GeoResearch
Message Board
Alerts Log
GeoWire Log
Third party data
Quote
Level II
Historical Prices
Options
Profile
Financials
Charts
News
Filings
Insiders

Tuesday, August 4, 2009

Research

New article available for Virgin Mobile

Permalink

Post a comment

Friday, May 29, 2009

Financials

1st QUARTER 2009 vs. 2008 FINANCIAL SNAPSHOT ENDED MARCH

	1st Quarter 2009	1st Quarter 2008	Period Change
GAAP Revenue	$337.3 million	$318.1 million	6.04%
GAAP EPS	$0.19	$0.07	171.43%
Non-GAAP EPS ^a	$0.24	$0.07	243.86%
Adjusted EBITDA PER Share ^a	$0.75	$0.44	70.45%
Tax Rate	4.65%	8.39%	4.46%
Fully Tax-Adjusted EPS ^b	$0.13	$0.05	1.60%
Fully Tax-Adjusted Non-GAAP EPS ^b	$0.16	$0.05	$220.00
Fully Diluted Shares	70,399,000	64,828,000	8.59%

Source: See Release

FULL YEAR 2008 vs. 2007 FINANCIAL SNAPSHOT ENDED DECEMBER

	Full Year 2008	Full Year 2007	Period Change
GAAP Revenue	$1.3 billion	$1.3 billion	00.00%
GAAP EPS	$0.13	$0.08	62.50%
Non-GAAP EPS ^a	$0.26	$0.08	225.00%
Adjusted EBITDA PER Share ^a	$1.74	$1.87	-7.47%
Tax Rate	11.08%	7.07%	-56.72%
Fully Tax-Adjusted EPS ^b	$0.10	$0.06	66.67%
Fully Tax-Adjusted Non-GAAP EPS ^b	$0.20	$0.06	233.33%
Fully Diluted Shares	65,972,000	53,211,000	23.98%

Source: See Release

^a Excludes transition and restructuring costs related to the acquisition of Helio, the outsourcing of IT services to IBM and workforce reductions totaling approximately $5.4 million in the fourth quarter and $14.1 million in the full year 2008. Adjusted earnings (loss) per share also excludes the amortization of intangibles associated with the acquisition of Helio. Adjustments to earnings (loss) per share are net of minority interest and taxes. Non-GAAP information should not be viewed in isolation or as a substitute for reported, or GAAP information.For a more complete explanation of the company's definition of non-GAAP please refer to their First Quarter financial press release.

^bFor valuation purposes, The GeoTeam® prefers to adjust EPS to reflect a standard United States tax rate of 36%

Permalink

Post a comment

Monday, May 11, 2009

Potential Valuation Scenarios

Valuation Scenarios

Wireless provider companies are often valued on EBITDA.

Data Inputs:

Diluted Shares Outstanding	70,399,000
Low End EBITDA Est.	$127 million
High End EBITDA Est.	$142 million
Low End EBITDA Per Share	$1.80
High End EBITDA Per Share	$2.02

Scenario based on 5.5*EBITDA Per Share:

Price based on low end EBITDA per share	$9.00
Price based on high end EBITDA est. per share	$10.10

Scenario based on 7*EBITDA Per Share:

Price based on low end EBITDA per share	$12.60
Price based on high end EBITDA est. per share	$14.14

These scenarios are not intended to be investment advice, but are scenarios based on some commonly used investment guidelines. They are provided to aid investors in making their own investment decisions.

Permalink

Post a comment

GeoBargain Notes

Virgin Mobile does not meet a significant portion on the GeoBargain criteria. However, the GeoTeam® is making an exception due the company's EBITDA level which may give the stock some significant upside. See potential valuation scenarios.

Permalink

Post a comment