MESA AIR GROUP INC (MESA)
US5904791358 - Common Stock
Taking everything into account, MESA scores 1 out of 10 in our fundamental rating. MESA was compared to 24 industry peers in the Passenger Airlines industry. MESA may be in some trouble as it scores bad on both profitability and health. MESA is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year MESA has reported negative net income.
In the past year MESA has reported a negative cash flow from operations.
In multiple years MESA reported negative net income over the last 5 years.
Of the past 5 years MESA 4 years had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of -13.37%, MESA is not doing good in the industry: 70.83% of the companies in the same industry are doing better.
With a Return On Equity value of -60.06%, MESA is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -13.37% | ||
| ROE | -60.06% | ||
| ROIC | N/A |
ROA(3y)-9.54%
ROA(5y)-4.7%
ROE(3y)-38.64%
ROE(5y)-19.75%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
MESA's Gross Margin of 15.16% is on the low side compared to the rest of the industry. MESA is outperformed by 66.67% of its industry peers.
MESA's Gross Margin has declined in the last couple of years.
MESA does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 15.16% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-14.23%
GM growth 5Y-12.93%
2. Health
2.1 Basic Checks
MESA does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, MESA has more shares outstanding
The number of shares outstanding for MESA has been increased compared to 5 years ago.
MESA has a worse debt/assets ratio than last year.
2.2 Solvency
MESA has an Altman-Z score of 0.17. This is a bad value and indicates that MESA is not financially healthy and even has some risk of bankruptcy.
MESA has a worse Altman-Z score (0.17) than 75.00% of its industry peers.
MESA has a Debt/Equity ratio of 1.82. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.82, MESA is in line with its industry, outperforming 41.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.82 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.17 |
ROIC/WACCN/A
WACC6.04%
2.3 Liquidity
A Current Ratio of 0.52 indicates that MESA may have some problems paying its short term obligations.
With a Current ratio value of 0.52, MESA is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
MESA has a Quick Ratio of 0.52. This is a bad value and indicates that MESA is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.41, MESA is doing worse than 70.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.41 |
3. Growth
3.1 Past
MESA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 40.73%, which is quite impressive.
The Revenue has decreased by -6.20% in the past year.
The Revenue has been decreasing by -6.08% on average over the past years.
EPS 1Y (TTM)40.73%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q78.21%
Revenue 1Y (TTM)-6.2%
Revenue growth 3Y-2.96%
Revenue growth 5Y-6.08%
Revenue growth Q2Q-8.94%
3.2 Future
The Earnings Per Share is expected to grow by 55.47% on average over the next years. This is a very strong growth
Based on estimates for the next years, MESA will show a quite strong growth in Revenue. The Revenue will grow by 14.62% on average per year.
EPS Next Y91.1%
EPS Next 2Y55.47%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year13.08%
Revenue Next 2Y14.62%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
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
MESA reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year MESA 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
MESA's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 23.03 |
4.3 Compensation for Growth
MESA's earnings are expected to grow with 55.47% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y55.47%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MESA does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
MESA AIR GROUP INC
NASDAQ:MESA (5/3/2024, 7:05:27 PM)
0.89
-0.01 (-1.46%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap36.44M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -13.37% | ||
| ROE | -60.06% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 15.16% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.82 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.41 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)40.73%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y91.1%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-6.2%
Revenue growth 3Y-2.96%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y