JETBLUE AIRWAYS CORP (JBLU) Stock Fundamental Analysis
NASDAQ:JBLU - Nasdaq - US4771431016 - Common Stock - Currency: USD
We assign a fundamental rating of 2 out of 10 to JBLU. JBLU was compared to 22 industry peers in the Passenger Airlines industry. Both the profitability and financial health of JBLU have multiple concerns. JBLU is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
JBLU had negative earnings in the past year.
JBLU had a positive operating cash flow in the past year.
In the past 5 years JBLU always reported negative net income.
Of the past 5 years JBLU 4 years had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of -1.68%, JBLU perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
JBLU has a Return On Equity (-11.74%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.68% | ||
| ROE | -11.74% | ||
| ROIC | N/A |
ROA(3y)-3.24%
ROA(5y)-4.23%
ROE(3y)-16.52%
ROE(5y)-17.71%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With an excellent Gross Margin value of 67.80%, JBLU belongs to the best of the industry, outperforming 86.36% of the companies in the same industry.
JBLU's Gross Margin has been stable in the last couple of years.
The Profit Margin and Operating Margin are not available for JBLU so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 67.8% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.27%
GM growth 5Y-1.02%
2. Health
2.1 Basic Checks
JBLU does not have a ROIC to compare to the WACC, probably because it is not profitable.
JBLU has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, JBLU has more shares outstanding
Compared to 1 year ago, JBLU has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.68, we must say that JBLU is in the distress zone and has some risk of bankruptcy.
JBLU has a Altman-Z score of 0.68. This is comparable to the rest of the industry: JBLU outperforms 45.45% of its industry peers.
JBLU has a Debt/Equity ratio of 3.31. This is a high value indicating a heavy dependency on external financing.
JBLU has a Debt to Equity ratio (3.31) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.31 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.68 |
ROIC/WACCN/A
WACC5.28%
2.3 Liquidity
A Current Ratio of 1.01 indicates that JBLU should not have too much problems paying its short term obligations.
JBLU's Current ratio of 1.01 is amongst the best of the industry. JBLU outperforms 90.91% of its industry peers.
JBLU has a Quick Ratio of 1.01. This is a bad value and indicates that JBLU is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.97, JBLU belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.01 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
JBLU shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -57.14%.
Looking at the last year, JBLU shows a decrease in Revenue. The Revenue has decreased by -3.02% in the last year.
Measured over the past years, JBLU shows a small growth in Revenue. The Revenue has been growing by 2.77% on average per year.
EPS 1Y (TTM)-57.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-37.21%
Revenue 1Y (TTM)-3.02%
Revenue growth 3Y15.41%
Revenue growth 5Y2.77%
Sales Q2Q%-3.12%
3.2 Future
JBLU is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.47% yearly.
JBLU is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.85% yearly.
EPS Next Y-147.53%
EPS Next 2Y-23.02%
EPS Next 3Y14.47%
EPS Next 5YN/A
Revenue Next Year-2.84%
Revenue Next 2Y2.36%
Revenue Next 3Y3.85%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
JBLU reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year JBLU is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
JBLU's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.6 |
4.3 Compensation for Growth
A more expensive valuation may be justified as JBLU's earnings are expected to grow with 14.47% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-23.02%
EPS Next 3Y14.47%
5. Dividend
5.1 Amount
No dividends for JBLU!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
4.41
-0.16 (-3.5%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners89.38%
Inst Owner Change0%
Ins Owners10.36%
Ins Owner Change14.57%
Market Cap1.56B
Analysts47.27
Price Target4.47 (1.36%)
Short Float %17.63%
Short Ratio2.33
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.78%
Min EPS beat(2)5.75%
Max EPS beat(2)33.81%
EPS beat(4)4
Avg EPS beat(4)61.77%
Min EPS beat(4)5.75%
Max EPS beat(4)169.56%
EPS beat(8)6
Avg EPS beat(8)30.82%
EPS beat(12)8
Avg EPS beat(12)-5.16%
EPS beat(16)12
Avg EPS beat(16)0.2%
Revenue beat(2)0
Avg Revenue beat(2)-1.64%
Min Revenue beat(2)-2.33%
Max Revenue beat(2)-0.96%
Revenue beat(4)0
Avg Revenue beat(4)-1.23%
Min Revenue beat(4)-2.33%
Max Revenue beat(4)-0.74%
Revenue beat(8)0
Avg Revenue beat(8)-1.49%
Revenue beat(12)0
Avg Revenue beat(12)-1.61%
Revenue beat(16)2
Avg Revenue beat(16)-1.3%
PT rev (1m)-1.72%
PT rev (3m)-28.71%
EPS NQ rev (1m)8.64%
EPS NQ rev (3m)-828.79%
EPS NY rev (1m)-6.72%
EPS NY rev (3m)-79.37%
Revenue NQ rev (1m)0.82%
Revenue NQ rev (3m)-8.28%
Revenue NY rev (1m)-0.52%
Revenue NY rev (3m)-5.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 0.17 | ||
| P/FCF | N/A | ||
| P/OCF | 28.94 | ||
| P/B | 0.64 | ||
| P/tB | 0.76 | ||
| EV/EBITDA | 9.6 |
EPS(TTM)-0.88
EYN/A
EPS(NY)-1.09
Fwd EYN/A
FCF(TTM)-3.63
FCFYN/A
OCF(TTM)0.15
OCFY3.46%
SpS25.99
BVpS6.9
TBVpS5.77
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.68% | ||
| ROE | -11.74% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 67.8% | ||
| FCFM | N/A |
ROA(3y)-3.24%
ROA(5y)-4.23%
ROE(3y)-16.52%
ROE(5y)-17.71%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.27%
GM growth 5Y-1.02%
F-Score5
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.31 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 14.58 | ||
| Cap/Depr | 201.5% | ||
| Cap/Sales | 14.55% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 9.73% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.01 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | 0.68 |
F-Score5
WACC5.28%
ROIC/WACCN/A
Cap/Depr(3y)199.72%
Cap/Depr(5y)186.25%
Cap/Sales(3y)13.36%
Cap/Sales(5y)16.66%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-57.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-37.21%
EPS Next Y-147.53%
EPS Next 2Y-23.02%
EPS Next 3Y14.47%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.02%
Revenue growth 3Y15.41%
Revenue growth 5Y2.77%
Sales Q2Q%-3.12%
Revenue Next Year-2.84%
Revenue Next 2Y2.36%
Revenue Next 3Y3.85%
Revenue Next 5YN/A
EBIT growth 1Y-86.44%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year286.31%
EBIT Next 3Y92.45%
EBIT Next 5YN/A
FCF growth 1Y-203.3%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-89.94%
OCF growth 3Y-55.57%
OCF growth 5Y-36.98%