York Space Systems, Inc. (YSS) Fundamental Analysis: Bull vs. Bear Case

YSS

York Space Systems, Inc.

Fundamental data last updated:November 14, 2026

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company profile

SECTOR

Industrials

industry

Aerospace & Defense

Exchange

NYSE

County of HQ

US

Next Earnings Date

12/02/2026

Business Summary

York Space Systems, Inc. operates as a space and defense prime providing a comprehensive suite of mission-critical solutions for national security, government and commercial customers in the United States. It provides space and defense primes with proprietary hardware and software capabilities designed to address customers’ requirements across the elements of the space ecosystem throughout the mission lifecycle. The company also engages in the design, production, integration, and operation of spacecraft to manage spacecraft and constellations. It offers S-CLASS, LX-CLASS, and M-CLASS spacecraft, which are satellite platforms to a range of space market needs. In addition, the company provides software that enables versatile integration of a variety of payloads for customers and supply chain commonalities across platforms, as well as software-enabled services. The company was formerly known as Yellowstone Midco Holdings II, LLC and changed its name to York Space Systems, Inc. in January 2026. York Space Systems, Inc. was founded in 2012 and is based in Greenwood Village, Colorado.

VALUATION

P/E

-3.22

Market Cap ($M USD)

$931.97M

Forward P/E

14.54 PEG

-0.02

PRICE TO SALES

2.30 PRICE TO BOOK

0.50 EV / EBITDA

-4.29

5-Year Average P/E

Free Cash Flow Yield

-19.48%

DCF Value

$-4.24

Graham Number

N/A

Price to FCF

-5.13

EV to FCF

-3.17

Earnings Yield

-23.33%

FCF Yield

-19.48%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

-$1.58

Next Year EPS Growth Estimate

-$1.94

Next Year Revenue Growth Estimate

$393.31M

Return on Equity (ROE)

-18.11%

FREE CASH FLOW

Operating Margin

-43.62%

Debt-to-Equity

0.10 Piotroski F-Score

3 Altman Z-Score

1.56 Return on Invested Capital (ROIC)

-8.85%

Current Ratio

5.34 Quick Ratio

5.05 Net Debt to EBITDA

2.66 Interest Coverage

-9.69

Gross Profit margin

21.15%

FCF PER SHARE

$-1.42

REVENUE PER SHARE

$3.16

Gainseekers Quantitative Analysis

Summary

YSS York Space Systems, Inc. is a perplexing case of market mispricing. Recent pricing indicated it traded significantly below its DCF Value, suggesting a potential undervaluation. However, a Forward P/E of 14.54 implies some optimism about future earnings, despite a negative Earnings Yield and a precarious Altman Z-score of 1.57, hinting at financial distress. The market seems to be betting on a turnaround, but the negative ROIC and operating margins paint a grim picture of current management effectiveness. Investors should tread carefully, as the financial health signals are mixed at best.

AI Exposure / Tech Reliance

In the Aerospace & Defense sector, YSS is strategically positioned to leverage AI and technological advancements. The industry's focus on innovation and defense contracts could provide resilience against tech disruptions. However, execution will be key to capitalizing on these opportunities.

The Bull Case

For the value-driven investor, YSS offers intriguing potential. Despite a negative ROIC, the company's low Debt/Equity ratio of 0.10 suggests prudent financial management. The Piotroski F-Score of 3 indicates some fundamental weaknesses, yet the high Current Ratio of 5.33 provides a cushion against short-term liabilities. While margins are negative, the company's ability to maintain liquidity could be a sign of underlying strength waiting to be unlocked.

The Bear Case

YSS faces significant structural challenges. The negative EPS and a Price/Book ratio of 0.46 reflect a company struggling to generate shareholder value. The alarming EV to EBITDA of -3.82 and negative FCF Yield highlight severe cash flow issues. With an Earnings Surprise of -0.86%, the market's expectations have been consistently unmet, raising questions about future profitability and strategic direction.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Hold

Average Analyst Price Target

$16.59

Institutional Ownership %

1-Year Beta

4.30 Insider Buying % (6 Mo)

Distance to 52-Week High

556.45%

Distance to 52-Week Low

22.48%

EARNINGS SURPRISE %

-86.41%

50-DAY SMA

$7.61

200-DAY SMA

$20.29

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.