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 has a bad profitability rating. Also its financial health evaluation is rather negative. SAVE does not seem to be growing, but still is valued expensively.

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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.

The reported operating cash flow has been mixed in the past 5 years: SAVE reported negative operating cash flow in multiple 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.

Looking at the Return On Equity, with a value of -83.59%, SAVE is doing worse than 66.67% of the companies in the same industry.

		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

The Gross Margin of SAVE (11.89%) is worse than 79.17% of its industry peers.

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.

The number of shares outstanding for SAVE has been increased compared to 1 year ago.

Compared to 5 years ago, SAVE has more shares outstanding

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

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 worse Altman-Z score (0.26) than 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.

SAVE's Debt to Equity ratio of 3.86 is in line compared to the rest of the industry. SAVE outperforms 41.67% of its industry peers.

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

ROIC/WACCN/A

WACC3.59%

2.3 Liquidity

A Current Ratio of 0.94 indicates that SAVE may have some problems paying its short term obligations.

With an excellent Current ratio value of 0.94, SAVE belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.

A Quick Ratio of 0.94 indicates that SAVE may have some problems paying its short term obligations.

SAVE has a Quick ratio of 0.94. This is amongst the best in the industry. SAVE outperforms 87.50% of its industry peers.

		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%.

Measured over the past years, SAVE shows a quite strong growth in Revenue. The Revenue has been growing by 10.04% on average per year.

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

SAVE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.75% yearly.

SAVE is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.49% yearly.

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.

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 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.

In the last 3 months the price of SAVE has falen by -61.29%. 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 2.75, 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 2.39, SAVE pays a better dividend.

		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 Change-20.16%

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

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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

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