SPIRIT AIRLINES INC (SAVE) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:SAVE • US8485771021

1.08 USD
-0.24 (-18.18%)
At close: Nov 15, 2024
1.02 USD
-0.06 (-5.56%)
Pre-Market: 11/18/2024, 8:00:47 AM
Fundamental Rating

2

SAVE gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 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.


Dividend Valuation Growth Profitability Health

1

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.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M -400M -600M -800M

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 has a Return On Equity of -83.59%. This is in the lower half of the industry: SAVE underperforms 66.67% of its industry peers.
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 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.
  • In the last couple of years the Gross Margin of SAVE has declined.
  • SAVE does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
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 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.
  • Compared to 1 year ago, SAVE has more shares outstanding
  • SAVE has a better debt/assets ratio than last year.
SAVE Yearly Shares OutstandingSAVE Yearly Shares OutstandingYearly Shares Outstanding 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 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

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.
  • With a Altman-Z score value of 0.26, SAVE is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
  • A Debt/Equity ratio of 3.86 is on the high side and indicates that SAVE has dependencies on debt financing.
  • SAVE has a Debt to Equity ratio (3.86) which is comparable to the rest of the 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 2016 2017 2018 2019 2020 2021 2022 2023 0 1B 2B 3B

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.
  • Looking at the Current ratio, with a value of 0.94, SAVE belongs to the top 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 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 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.
  • The Revenue has decreased by -7.07% in the past 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

  • 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.
  • 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

  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SAVE Yearly Revenue VS EstimatesSAVE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 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 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.
  • 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.
  • SAVE's Dividend Yield is rather good when compared to the industry average which is at 0.82. SAVE pays more dividend than 100.00% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.83, 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 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M -400M -600M

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SPIRIT AIRLINES INC / SAVE FAQ

What is the ChartMill fundamental rating of SPIRIT AIRLINES INC (SAVE) stock?

ChartMill assigns a fundamental rating of 2 / 10 to SAVE.


What is the valuation status for SAVE stock?

ChartMill assigns a valuation rating of 0 / 10 to SPIRIT AIRLINES INC (SAVE). This can be considered as Overvalued.


Can you provide the profitability details for SPIRIT AIRLINES INC?

SPIRIT AIRLINES INC (SAVE) has a profitability rating of 1 / 10.


What is the financial health of SPIRIT AIRLINES INC (SAVE) stock?

The financial health rating of SPIRIT AIRLINES INC (SAVE) is 2 / 10.