SPIRIT AIRLINES INC (SAVE)

US8485771021 - Common Stock

3.735  +0.19 (+5.51%)

Fundamental Rating

2

Overall SAVE gets a fundamental rating of 2 out of 10. We evaluated SAVE against 24 industry peers in the Passenger Airlines industry. SAVE has a bad profitability rating. Also its financial health evaluation is rather negative. SAVE is quite expensive at the moment. It does show a decent growth rate.



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1

1. Profitability

1.1 Basic Checks

In the past year SAVE has reported negative net income.
SAVE had a negative operating cash flow in the past year.
In the past 5 years SAVE reported 4 times negative net income.
In multiple years SAVE reported negative operating cash flow during the last 5 years.

1.2 Ratios

SAVE has a Return On Assets of -4.75%. This is in the lower half of the industry: SAVE underperforms 62.50% of its industry peers.
SAVE's Return On Equity of -39.45% is in line compared to the rest of the industry. SAVE outperforms 41.67% of its industry peers.
Industry RankSector Rank
ROA -4.75%
ROE -39.45%
ROIC N/A
ROA(3y)-5.44%
ROA(5y)-3.33%
ROE(3y)-32.35%
ROE(5y)-20.26%
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

The Gross Margin of SAVE (17.00%) is worse than 62.50% of its industry peers.
SAVE's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for SAVE so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 17%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y-13.14%

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1

2. Health

2.1 Basic Checks

SAVE does not have a ROIC to compare to the WACC, probably because it is not profitable.
SAVE has more shares outstanding than it did 1 year ago.
The number of shares outstanding for SAVE has been increased compared to 5 years ago.
SAVE has a better debt/assets ratio than last year.

2.2 Solvency

SAVE has an Altman-Z score of 0.45. This is a bad value and indicates that SAVE is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.45, SAVE is not doing good in the industry: 70.83% of the companies in the same industry are doing better.
A Debt/Equity ratio of 2.69 is on the high side and indicates that SAVE has dependencies on debt financing.
With a Debt to Equity ratio value of 2.69, SAVE is not doing good in the industry: 70.83% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.69
Debt/FCF N/A
Altman-Z 0.45
ROIC/WACCN/A
WACC4.48%

2.3 Liquidity

SAVE has a Current Ratio of 0.90. This is a bad value and indicates that SAVE is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of SAVE (0.90) is better than 75.00% of its industry peers.
A Quick Ratio of 0.90 indicates that SAVE may have some problems paying its short term obligations.
SAVE has a Quick ratio of 0.90. This is in the better half of the industry: SAVE outperforms 79.17% of its industry peers.
Industry RankSector Rank
Current Ratio 0.9
Quick Ratio 0.9

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4

3. Growth

3.1 Past

SAVE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -86.29%.
SAVE shows a small growth in Revenue. In the last year, the Revenue has grown by 5.80%.
SAVE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.04% yearly.
EPS 1Y (TTM)-86.29%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-1233.33%
Revenue 1Y (TTM)5.8%
Revenue growth 3Y43.63%
Revenue growth 5Y10.04%
Revenue growth Q2Q-5%

3.2 Future

Based on estimates for the next years, SAVE will show a very strong growth in Earnings Per Share. The EPS will grow by 21.64% on average per year.
SAVE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.57% yearly.
EPS Next Y17.69%
EPS Next 2Y24.11%
EPS Next 3Y21.64%
EPS Next 5YN/A
Revenue Next Year6.11%
Revenue Next 2Y6.4%
Revenue Next 3Y5.57%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

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1

4. Valuation

4.1 Price/Earnings Ratio

SAVE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for SAVE. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A

4.3 Compensation for Growth

SAVE's earnings are expected to grow with 21.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y24.11%
EPS Next 3Y21.64%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 28.25%, SAVE is a good candidate for dividend investing.
In the last 3 months the price of SAVE has falen by -43.36%. 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 7.17, SAVE pays a better dividend. On top of this SAVE pays more dividend than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, SAVE pays a better dividend.
Industry RankSector Rank
Dividend Yield 28.25%

5.2 History

SAVE does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

DPN/A
EPS Next 2Y24.11%
EPS Next 3Y21.64%

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SPIRIT AIRLINES INC

NYSE:SAVE (4/29/2024, 9:43:10 AM)

3.735

+0.19 (+5.51%)

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 Cap408.91M
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 28.25%
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 RankSector 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 RankSector Rank
ROA -4.75%
ROE -39.45%
ROCE
ROIC
ROICexc
ROICexgc
OM N/A
PM (TTM) N/A
GM 17%
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 Turnover0.57
Health
Industry RankSector Rank
Debt/Equity 2.69
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 0.9
Quick Ratio 0.9
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)-86.29%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y17.69%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)5.8%
Revenue growth 3Y43.63%
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