SAVE Fundamental Analysis - SPIRIT AIRLINES INC

Fundamental Rating

We assign a fundamental rating of 2 out of 10 to SAVE. SAVE was compared to 22 industry peers in the Passenger Airlines industry. SAVE may be in some trouble as it scores bad on both profitability and health. SAVE has a expensive valuation and it also scores bad on growth.

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1. Profitability

1.1 Basic Checks

SAVE had negative earnings in the past year.

In the past year SAVE has reported a negative cash flow from operations.

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

Looking at the Return On Assets, with a value of -7.08%, SAVE is in line with its industry, outperforming 41.67% of the companies in the same industry.

SAVE's Return On Equity of -83.59% is on the low side compared to the rest of the industry. SAVE is outperformed by 66.67% of its industry peers.

		Industry Rank	Sector 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

1.3 Margins

Looking at the Gross Margin, with a value of 11.89%, SAVE is doing worse than 79.17% of the companies in the same industry.

In the last couple of years the Gross Margin of SAVE has declined.

The Profit Margin and Operating Margin are not available for SAVE so they could not be analyzed.

		Industry Rank	Sector 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%

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ROA

ROE

ROIC

Operating and Profit Margin

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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.

SAVE has more shares outstanding than it did 5 years ago.

The debt/assets ratio for SAVE has been reduced compared to a year ago.

2.2 Solvency

SAVE has an Altman-Z score of 0.26. This is a bad value and indicates that SAVE is not financially healthy and even has some risk of bankruptcy.

SAVE's Altman-Z score of 0.26 is on the low side compared to the rest of the industry. SAVE is outperformed by 66.67% of its industry peers.

A Debt/Equity ratio of 3.86 is on the high side and indicates that SAVE has dependencies on debt financing.

The Debt to Equity ratio of SAVE (3.86) is comparable to the rest of the industry.

		Industry Rank	Sector Rank
Debt/Equity	3.86
Debt/FCF	N/A
Altman-Z	0.26

ROIC/WACCN/A

WACC3.59%

2.3 Liquidity

SAVE has a Current Ratio of 0.94. 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 (0.94) is better than 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 Rank	Sector Rank
Current Ratio	0.94
Quick Ratio	0.94

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The earnings per share for SAVE have decreased strongly by -1381.58% in the last year.

SAVE shows a decrease in Revenue. In the last year, the revenue decreased by -7.07%.

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

Based on estimates for the next years, SAVE will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.75% on average per year.

The Revenue is expected to decrease by -1.49% on average over the next years.

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.

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4. Valuation

4.1 Price/Earnings Ratio

SAVE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.

Also next year SAVE 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

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

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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5. Dividend

5.1 Amount

SAVE has a Yearly Dividend Yield of 27.78%, which is a nice return.

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.

SAVE's Dividend Yield is rather good when compared to the industry average which is at 2.73. SAVE pays more dividend than 100.00% of the companies in the same industry.

SAVE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.35.

		Industry Rank	Sector 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

5.3 Sustainability

DPN/A

EPS Next 2Y-15.25%

EPS Next 3Y10.75%

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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 Change0%

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 Rank	Sector 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 Rank	Sector 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 Rank	Sector 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 Rank	Sector 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

SPIRIT AIRLINES INC (SAVE) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

More info and screens