SPIRIT AIRLINES INC (SAVE)
US8485771021 - Common Stock
We assign a fundamental rating of 2 out of 10 to SAVE. SAVE was compared to 24 industry peers in the Passenger Airlines industry. SAVE may be in some trouble as it scores bad on both profitability and health. SAVE is valied quite expensively at the moment, while it does show a decent growth rate.
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.
SAVE had negative earnings in 4 of the past 5 years.
In multiple years SAVE reported negative operating cash flow during the last 5 years.
1.2 Ratios
The Return On Assets of SAVE (-4.75%) is worse than 62.50% of its industry peers.
Looking at the Return On Equity, with a value of -39.45%, SAVE is in line with its industry, outperforming 41.67% of the companies in the same industry.
| Industry Rank | Sector 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
SAVE has a Gross Margin of 17.00%. This is in the lower half of the industry: SAVE underperforms 62.50% 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 | 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%
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 more shares outstanding than it did 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.
SAVE has a Debt/Equity ratio of 2.69. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 2.69, SAVE is doing worse than 70.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.69 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.45 |
ROIC/WACCN/A
WACC4.48%
2.3 Liquidity
A Current Ratio of 0.90 indicates that SAVE may have some problems paying 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's Quick ratio of 0.90 is fine compared to the rest of the industry. SAVE outperforms 79.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.9 |
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%.
The Revenue has been growing slightly by 5.80% in the past year.
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)-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
The Earnings Per Share is expected to grow by 21.64% on average over the next years. This is a very strong growth
Based on estimates for the next years, SAVE will show a small growth in Revenue. The Revenue will grow by 5.57% on average per year.
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
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.
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
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%
5. Dividend
5.1 Amount
SAVE has a Yearly Dividend Yield of 27.17%, which is a nice return.
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.
SAVE's Dividend Yield is rather good when compared to the industry average which is at 6.92. 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 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 27.17% |
5.2 History
SAVE is new to the dividend game and has less than 3 years of track record.
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%
SPIRIT AIRLINES INC
NYSE:SAVE (4/25/2024, 7:16:08 PM)
After market: 3.54 0 (0%)3.54
-0.14 (-3.8%)
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 Cap387.56M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 27.17% |
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)
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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)
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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 Rank | Sector 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 Rank | Sector 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 Rank | Sector 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