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SPIRIT AIRLINES INC (SAVE) Stock Fundamental Analysis

NYSE:SAVE - New York Stock Exchange, Inc. - US8485771021 - Common Stock - Currency: USD

1.08  -0.24 (-18.18%)

Premarket: 1.02 -0.06 (-5.56%)

Fundamental Rating

2

Taking everything into account, SAVE scores 2 out of 10 in our fundamental rating. SAVE was compared to 23 industry peers in the Passenger Airlines industry. SAVE has a bad profitability rating. Also its financial health evaluation is rather negative. SAVE is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

SAVE had negative earnings in the past year.
SAVE had a negative operating cash flow in the past year.
In the past 5 years SAVE reported 4 times negative net income.
The reported operating cash flow has been mixed in the past 5 years: SAVE reported negative operating cash flow in multiple years.
SAVE Yearly Net Income VS EBIT VS OCF VS FCFSAVE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M -400M -600M -800M

1.2 Ratios

The Return On Assets of SAVE (-7.08%) is comparable to the rest of the industry.
With a Return On Equity value of -83.59%, SAVE is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -7.08%
ROE -83.59%
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
SAVE Yearly ROA, ROE, ROICSAVE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20

1.3 Margins

With a Gross Margin value of 11.89%, SAVE is not doing good in the industry: 79.17% of the companies in the same industry are doing better.
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 11.89%
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%
SAVE Yearly Profit, Operating, Gross MarginsSAVE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40

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2

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.
Compared to 1 year ago, SAVE has an improved debt to assets ratio.
SAVE Yearly Shares OutstandingSAVE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
SAVE Yearly Total Debt VS Total AssetsSAVE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

2.2 Solvency

Based on the Altman-Z score of 0.26, we must say that SAVE is in the distress zone and has some risk of bankruptcy.
SAVE has a Altman-Z score of 0.26. This is in the lower half of the industry: SAVE underperforms 66.67% of its industry peers.
SAVE has a Debt/Equity ratio of 3.86. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 3.86, SAVE is in line with its industry, outperforming 41.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 3.86
Debt/FCF N/A
Altman-Z 0.26
ROIC/WACCN/A
WACC3.59%
SAVE Yearly LT Debt VS Equity VS FCFSAVE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1B 2B 3B

2.3 Liquidity

A Current Ratio of 0.94 indicates that SAVE may have some problems paying its short term obligations.
SAVE has a Current ratio of 0.94. This is amongst the best in the industry. SAVE outperforms 83.33% of its industry peers.
A Quick Ratio of 0.94 indicates that SAVE may have some problems paying its short term obligations.
With an excellent Quick ratio value of 0.94, SAVE belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.94
Quick Ratio 0.94
SAVE Yearly Current Assets VS Current LiabilitesSAVE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

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2

3. Growth

3.1 Past

The earnings per share for SAVE have decreased strongly by -1381.58% in the last year.
Looking at the last year, SAVE shows a decrease in Revenue. The Revenue has decreased by -7.07% in the last year.
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)-1381.58%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-596.55%
Revenue 1Y (TTM)-7.07%
Revenue growth 3Y43.63%
Revenue growth 5Y10.04%
Sales Q2Q%-10.58%

3.2 Future

The Earnings Per Share is expected to grow by 10.75% on average over the next years. This is quite good.
Based on estimates for the next years, SAVE will show a decrease in Revenue. The Revenue will decrease by -1.49% on average per year.
EPS Next Y-110.25%
EPS Next 2Y-15.25%
EPS Next 3Y10.75%
EPS Next 5YN/A
Revenue Next Year-9.68%
Revenue Next 2Y-5.78%
Revenue Next 3Y-1.49%
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 decreasing.
SAVE Yearly Revenue VS EstimatesSAVE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1B 2B 3B 4B 5B
SAVE Yearly EPS VS EstimatesSAVE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 2 -2 4 -4 -6 -8

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0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for SAVE. In the last year negative earnings were reported.
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
SAVE Price Earnings VS Forward Price EarningsSAVE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
SAVE Per share dataSAVE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-15.25%
EPS Next 3Y10.75%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 27.78%, SAVE is a good candidate for dividend investing.
The stock price of SAVE dropped by -61.29% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 2.84, 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 2.36, SAVE pays a better dividend.
Industry RankSector Rank
Dividend Yield 27.78%

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
SAVE Yearly Dividends per shareSAVE Yearly Dividends per shareYearly Dividends per share 2023 2024 0.2 0.4 0.6 0.8 1

5.3 Sustainability

DPN/A
EPS Next 2Y-15.25%
EPS Next 3Y10.75%
SAVE Yearly Income VS Free CF VS DividendSAVE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M -400M -600M

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SPIRIT AIRLINES INC

NYSE:SAVE (11/15/2024, 8:04:00 PM)

Premarket: 1.02 -0.06 (-5.56%)

1.08

-0.24 (-18.18%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)10-23 2024-10-23/amc
Earnings (Next)02-05 2025-02-05/amc
Inst Owners31.85%
Inst Owner Change-71.85%
Ins Owners0.83%
Ins Owner Change0%
Market Cap118.28M
Analysts44.44
Price Target2.3 (112.96%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 27.78%
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)1
Avg EPS beat(2)-1.44%
Min EPS beat(2)-3.95%
Max EPS beat(2)1.06%
EPS beat(4)3
Avg EPS beat(4)3.75%
Min EPS beat(4)-3.95%
Max EPS beat(4)8.99%
EPS beat(8)6
Avg EPS beat(8)40.74%
EPS beat(12)10
Avg EPS beat(12)35.36%
EPS beat(16)13
Avg EPS beat(16)30.7%
Revenue beat(2)0
Avg Revenue beat(2)-2.62%
Min Revenue beat(2)-2.96%
Max Revenue beat(2)-2.28%
Revenue beat(4)0
Avg Revenue beat(4)-2.18%
Min Revenue beat(4)-2.96%
Max Revenue beat(4)-1.58%
Revenue beat(8)0
Avg Revenue beat(8)-2.41%
Revenue beat(12)1
Avg Revenue beat(12)-1.88%
Revenue beat(16)3
Avg Revenue beat(16)-1.45%
PT rev (1m)-3.08%
PT rev (3m)-11.27%
EPS NQ rev (1m)-1.51%
EPS NQ rev (3m)0.87%
EPS NY rev (1m)-2.99%
EPS NY rev (3m)-2.99%
Revenue NQ rev (1m)-1%
Revenue NQ rev (3m)-1.74%
Revenue NY rev (1m)-3.12%
Revenue NY rev (3m)-3.33%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.02
P/FCF N/A
P/OCF N/A
P/B 0.15
P/tB 0.15
EV/EBITDA N/A
EPS(TTM)-5.63
EYN/A
EPS(NY)-4.33
Fwd EYN/A
FCF(TTM)-7.6
FCFYN/A
OCF(TTM)-5.91
OCFYN/A
SpS46.81
BVpS7.39
TBVpS7.39
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -7.08%
ROE -83.59%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 11.89%
FCFM 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
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 3YN/A
GM growth 5Y-13.14%
F-Score3
Asset Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 3.86
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 56.4%
Cap/Sales 3.61%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.94
Quick Ratio 0.94
Altman-Z 0.26
F-Score3
WACC3.59%
ROIC/WACCN/A
Cap/Depr(3y)75.82%
Cap/Depr(5y)103.43%
Cap/Sales(3y)5.36%
Cap/Sales(5y)9.31%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1381.58%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-596.55%
EPS Next Y-110.25%
EPS Next 2Y-15.25%
EPS Next 3Y10.75%
EPS Next 5YN/A
Revenue 1Y (TTM)-7.07%
Revenue growth 3Y43.63%
Revenue growth 5Y10.04%
Sales Q2Q%-10.58%
Revenue Next Year-9.68%
Revenue Next 2Y-5.78%
Revenue Next 3Y-1.49%
Revenue Next 5YN/A
EBIT growth 1Y-3772.27%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-12.14%
EBIT Next 3Y26.91%
EBIT Next 5YN/A
FCF growth 1Y-97.6%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-243.61%
OCF growth 3YN/A
OCF growth 5YN/A