ALLEGIANT TRAVEL CO (ALGT) Stock Fundamental Analysis
NASDAQ:ALGT - Nasdaq - US01748X1028 - Common Stock - Currency: USD
Overall ALGT gets a fundamental rating of 4 out of 10. We evaluated ALGT against 23 industry peers in the Passenger Airlines industry. ALGT has a bad profitability rating. Also its financial health evaluation is rather negative. ALGT is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year ALGT was profitable.
In the past year ALGT had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: ALGT reported negative net income in multiple years.
In the past 5 years ALGT always reported a positive cash flow from operatings.
1.2 Ratios
ALGT's Return On Assets of -5.44% is on the low side compared to the rest of the industry. ALGT is outperformed by 60.87% of its industry peers.
ALGT has a Return On Equity (-22.11%) which is in line with its industry peers.
ALGT's Return On Invested Capital of 3.01% is in line compared to the rest of the industry. ALGT outperforms 52.17% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ALGT is significantly below the industry average of 11.17%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.44% | ||
| ROE | -22.11% | ||
| ROIC | 3.01% |
ROA(3y)-1.02%
ROA(5y)-0.99%
ROE(3y)-4.46%
ROE(5y)-5.5%
ROIC(3y)3.54%
ROIC(5y)N/A
1.3 Margins
ALGT has a Operating Margin (5.10%) which is comparable to the rest of the industry.
ALGT's Operating Margin has declined in the last couple of years.
ALGT has a better Gross Margin (69.09%) than 91.30% of its industry peers.
In the last couple of years the Gross Margin of ALGT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.1% | ||
| PM (TTM) | N/A | ||
| GM | 69.09% |
OM growth 3Y5.16%
OM growth 5Y-23.74%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.14%
GM growth 5Y-0.76%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ALGT is destroying value.
ALGT has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, ALGT has more shares outstanding
Compared to 1 year ago, ALGT has a worse debt to assets ratio.
2.2 Solvency
ALGT has an Altman-Z score of 1.06. This is a bad value and indicates that ALGT is not financially healthy and even has some risk of bankruptcy.
ALGT has a Altman-Z score of 1.06. This is comparable to the rest of the industry: ALGT outperforms 56.52% of its industry peers.
The Debt to FCF ratio of ALGT is 53.95, which is on the high side as it means it would take ALGT, 53.95 years of fcf income to pay off all of its debts.
ALGT has a Debt to FCF ratio (53.95) which is in line with its industry peers.
ALGT has a Debt/Equity ratio of 1.48. This is a high value indicating a heavy dependency on external financing.
ALGT has a Debt to Equity ratio of 1.48. This is comparable to the rest of the industry: ALGT outperforms 56.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.48 | ||
| Debt/FCF | 53.95 | ||
| Altman-Z | 1.06 |
ROIC/WACC0.41
WACC7.34%
2.3 Liquidity
A Current Ratio of 0.78 indicates that ALGT may have some problems paying its short term obligations.
ALGT has a Current ratio of 0.78. This is in the better half of the industry: ALGT outperforms 69.57% of its industry peers.
A Quick Ratio of 0.75 indicates that ALGT may have some problems paying its short term obligations.
ALGT has a better Quick ratio (0.75) than 78.26% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.75 |
3. Growth
3.1 Past
The earnings per share for ALGT have decreased strongly by -68.12% in the last year.
The earnings per share for ALGT have been decreasing by -30.09% on average. This is quite bad
The Revenue has been growing slightly by 0.11% in the past year.
Measured over the past years, ALGT shows a small growth in Revenue. The Revenue has been growing by 6.42% on average per year.
EPS 1Y (TTM)-68.12%
EPS 3Y12.05%
EPS 5Y-30.09%
EPS Q2Q%1809.09%
Revenue 1Y (TTM)0.11%
Revenue growth 3Y13.73%
Revenue growth 5Y6.42%
Sales Q2Q%2.73%
3.2 Future
The Earnings Per Share is expected to grow by 61.22% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 9.87% on average over the next years. This is quite good.
EPS Next Y171.22%
EPS Next 2Y90.72%
EPS Next 3Y61.22%
EPS Next 5YN/A
Revenue Next Year9.06%
Revenue Next 2Y9.64%
Revenue Next 3Y9.87%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 21.05, ALGT is valued on the expensive side.
Based on the Price/Earnings ratio, ALGT is valued a bit cheaper than the industry average as 60.87% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 28.22, ALGT is valued a bit cheaper.
The Price/Forward Earnings ratio is 7.76, which indicates a rather cheap valuation of ALGT.
60.87% of the companies in the same industry are more expensive than ALGT, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of ALGT to the average of the S&P500 Index (20.86), we can say ALGT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.05 | ||
| Fwd PE | 7.76 |
4.2 Price Multiples
ALGT's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ALGT is cheaper than 73.91% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ALGT indicates a somewhat cheap valuation: ALGT is cheaper than 60.87% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.4 | ||
| EV/EBITDA | 4.31 |
4.3 Compensation for Growth
ALGT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ALGT's earnings are expected to grow with 61.22% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.12
PEG (5Y)N/A
EPS Next 2Y90.72%
EPS Next 3Y61.22%
5. Dividend
5.1 Amount
ALGT has a Yearly Dividend Yield of 1.30%.
In the last 3 months the price of ALGT has falen by -50.26%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 2.94, ALGT pays a bit more dividend than its industry peers.
With a Dividend Yield of 1.30, ALGT pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
5.2 History
The dividend of ALGT decreases each year by -15.68%.
ALGT has paid a dividend for at least 10 years, which is a reliable track record.
ALGT has decreased its dividend recently.
Dividend Growth(5Y)-15.68%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
ALGT has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-9.11%
EPS Next 2Y90.72%
EPS Next 3Y61.22%
50.95
+3.23 (+6.77%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners85.14%
Inst Owner Change0.4%
Ins Owners22.48%
Ins Owner Change-1.54%
Market Cap934.42M
Analysts68
Price Target69.82 (37.04%)
Short Float %10.42%
Short Ratio2.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
Yearly Dividend1.2
Dividend Growth(5Y)-15.68%
DP-9.11%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.67%
Min EPS beat(2)-2.61%
Max EPS beat(2)5.94%
EPS beat(4)3
Avg EPS beat(4)35.24%
Min EPS beat(4)-2.61%
Max EPS beat(4)125.87%
EPS beat(8)7
Avg EPS beat(8)42.81%
EPS beat(12)9
Avg EPS beat(12)48.84%
EPS beat(16)11
Avg EPS beat(16)36.99%
Revenue beat(2)0
Avg Revenue beat(2)-2.13%
Min Revenue beat(2)-2.38%
Max Revenue beat(2)-1.88%
Revenue beat(4)0
Avg Revenue beat(4)-1.28%
Min Revenue beat(4)-2.38%
Max Revenue beat(4)-0.11%
Revenue beat(8)3
Avg Revenue beat(8)-0.79%
Revenue beat(12)4
Avg Revenue beat(12)-0.43%
Revenue beat(16)6
Avg Revenue beat(16)-0.74%
PT rev (1m)-31.67%
PT rev (3m)-13.55%
EPS NQ rev (1m)-3.7%
EPS NQ rev (3m)1.16%
EPS NY rev (1m)-11.36%
EPS NY rev (3m)12.65%
Revenue NQ rev (1m)-0.38%
Revenue NQ rev (3m)-0.89%
Revenue NY rev (1m)-3.46%
Revenue NY rev (3m)-2.88%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.05 | ||
| Fwd PE | 7.76 | ||
| P/S | 0.37 | ||
| P/FCF | 24.4 | ||
| P/OCF | 2.76 | ||
| P/B | 0.86 | ||
| P/tB | 0.86 | ||
| EV/EBITDA | 4.31 |
EPS(TTM)2.42
EY4.75%
EPS(NY)6.56
Fwd EY12.88%
FCF(TTM)2.09
FCFY4.1%
OCF(TTM)18.45
OCFY36.22%
SpS137
BVpS59.4
TBVpS59.4
PEG (NY)0.12
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.44% | ||
| ROE | -22.11% | ||
| ROCE | 4.07% | ||
| ROIC | 3.01% | ||
| ROICexc | 4% | ||
| ROICexgc | 4% | ||
| OM | 5.1% | ||
| PM (TTM) | N/A | ||
| GM | 69.09% | ||
| FCFM | 1.52% |
ROA(3y)-1.02%
ROA(5y)-0.99%
ROE(3y)-4.46%
ROE(5y)-5.5%
ROIC(3y)3.54%
ROIC(5y)N/A
ROICexc(3y)4.65%
ROICexc(5y)N/A
ROICexgc(3y)4.65%
ROICexgc(5y)N/A
ROCE(3y)4.79%
ROCE(5y)N/A
ROICexcg growth 3Y15.68%
ROICexcg growth 5Y-22.03%
ROICexc growth 3Y15.68%
ROICexc growth 5Y-22.03%
OM growth 3Y5.16%
OM growth 5Y-23.74%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.14%
GM growth 5Y-0.76%
F-Score6
Asset Turnover0.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.48 | ||
| Debt/FCF | 53.95 | ||
| Debt/EBITDA | 4.17 | ||
| Cap/Depr | 116.23% | ||
| Cap/Sales | 11.95% | ||
| Interest Coverage | 1.19 | ||
| Cash Conversion | 87.59% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.75 | ||
| Altman-Z | 1.06 |
F-Score6
WACC7.34%
ROIC/WACC0.41
Cap/Depr(3y)191.04%
Cap/Depr(5y)174.75%
Cap/Sales(3y)17.29%
Cap/Sales(5y)19.05%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-68.12%
EPS 3Y12.05%
EPS 5Y-30.09%
EPS Q2Q%1809.09%
EPS Next Y171.22%
EPS Next 2Y90.72%
EPS Next 3Y61.22%
EPS Next 5YN/A
Revenue 1Y (TTM)0.11%
Revenue growth 3Y13.73%
Revenue growth 5Y6.42%
Sales Q2Q%2.73%
Revenue Next Year9.06%
Revenue Next 2Y9.64%
Revenue Next 3Y9.87%
Revenue Next 5YN/A
EBIT growth 1Y-48.64%
EBIT growth 3Y19.61%
EBIT growth 5Y-18.84%
EBIT Next Year302.34%
EBIT Next 3Y73.28%
EBIT Next 5YN/A
FCF growth 1Y136.4%
FCF growth 3Y-48.64%
FCF growth 5YN/A
OCF growth 1Y-20%
OCF growth 3Y-14.33%
OCF growth 5Y-5.21%