SKYWEST INC (SKYW)
US8308791024 - Common Stock
Taking everything into account, SKYW scores 4 out of 10 in our fundamental rating. SKYW was compared to 24 industry peers in the Passenger Airlines industry. SKYW has an average financial health and profitability rating. SKYW has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year SKYW was profitable.
In the past year SKYW had a positive cash flow from operations.
SKYW had positive earnings in 4 of the past 5 years.
Each year in the past 5 years SKYW had a positive operating cash flow.
1.2 Ratios
SKYW's Return On Assets of 0.49% is in line compared to the rest of the industry. SKYW outperforms 54.17% of its industry peers.
SKYW has a Return On Equity of 1.62%. This is comparable to the rest of the industry: SKYW outperforms 58.33% of its industry peers.
SKYW's Return On Invested Capital of 1.48% is fine compared to the rest of the industry. SKYW outperforms 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.49% | ||
| ROE | 1.62% | ||
| ROIC | 1.48% |
ROA(3y)1.01%
ROA(5y)1.61%
ROE(3y)3.22%
ROE(5y)4.98%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
SKYW has a better Profit Margin (1.17%) than 66.67% of its industry peers.
SKYW's Profit Margin has declined in the last couple of years.
SKYW has a Operating Margin (3.55%) which is comparable to the rest of the industry.
SKYW's Operating Margin has declined in the last couple of years.
SKYW has a better Gross Margin (70.79%) than 95.83% of its industry peers.
In the last couple of years the Gross Margin of SKYW has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.55% | ||
| PM (TTM) | 1.17% | ||
| GM | 70.79% |
OM growth 3YN/A
OM growth 5Y-24.45%
PM growth 3YN/A
PM growth 5Y-33.06%
GM growth 3Y5.37%
GM growth 5Y-0.02%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SKYW is destroying value.
SKYW has less shares outstanding than it did 1 year ago.
SKYW has less shares outstanding than it did 5 years ago.
The debt/assets ratio for SKYW has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.26, we must say that SKYW is in the distress zone and has some risk of bankruptcy.
SKYW has a better Altman-Z score (1.26) than 62.50% of its industry peers.
SKYW has a debt to FCF ratio of 7.16. This is a slightly negative value and a sign of low solvency as SKYW would need 7.16 years to pay back of all of its debts.
SKYW has a better Debt to FCF ratio (7.16) than 91.67% of its industry peers.
A Debt/Equity ratio of 1.21 is on the high side and indicates that SKYW has dependencies on debt financing.
SKYW has a Debt to Equity ratio (1.21) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.21 | ||
| Debt/FCF | 7.16 | ||
| Altman-Z | 1.26 |
ROIC/WACC0.19
WACC7.96%
2.3 Liquidity
A Current Ratio of 0.90 indicates that SKYW may have some problems paying its short term obligations.
SKYW has a Current ratio of 0.90. This is in the better half of the industry: SKYW outperforms 75.00% of its industry peers.
SKYW has a Quick Ratio of 0.90. This is a bad value and indicates that SKYW is not financially healthy enough and could expect problems in meeting its short term obligations.
SKYW's Quick ratio of 0.80 is fine compared to the rest of the industry. SKYW outperforms 70.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.8 |
3. Growth
3.1 Past
SKYW shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -40.00%.
Measured over the past years, SKYW shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -30.36% on average per year.
SKYW shows a decrease in Revenue. In the last year, the revenue decreased by -2.31%.
Measured over the past years, SKYW shows a decrease in Revenue. The Revenue has been decreasing by -1.84% on average per year.
EPS 1Y (TTM)-40%
EPS 3YN/A
EPS 5Y-30.36%
EPS growth Q2Q145.16%
Revenue 1Y (TTM)-2.31%
Revenue growth 3Y11.33%
Revenue growth 5Y-1.84%
Revenue growth Q2Q10.36%
3.2 Future
Based on estimates for the next years, SKYW will show a very strong growth in Earnings Per Share. The EPS will grow by 112.20% on average per year.
Based on estimates for the next years, SKYW will show a quite strong growth in Revenue. The Revenue will grow by 9.02% on average per year.
EPS Next Y653.86%
EPS Next 2Y195.79%
EPS Next 3Y112.2%
EPS Next 5YN/A
Revenue Next Year14.43%
Revenue Next 2Y11.05%
Revenue Next 3Y9.02%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
SKYW is valuated quite expensively with a Price/Earnings ratio of 85.91.
SKYW's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of SKYW to the average of the S&P500 Index (24.55), we can say SKYW is valued expensively.
SKYW is valuated reasonably with a Price/Forward Earnings ratio of 11.40.
62.50% of the companies in the same industry are more expensive than SKYW, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of SKYW to the average of the S&P500 Index (20.92), we can say SKYW is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 85.91 | ||
| Fwd PE | 11.4 |
4.2 Price Multiples
SKYW's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SKYW is cheaper than 66.67% of the companies in the same industry.
91.67% of the companies in the same industry are more expensive than SKYW, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.18 | ||
| EV/EBITDA | 7.7 |
4.3 Compensation for Growth
SKYW's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as SKYW's earnings are expected to grow with 112.20% in the coming years.
PEG (NY)0.13
PEG (5Y)N/A
EPS Next 2Y195.79%
EPS Next 3Y112.2%
5. Dividend
5.1 Amount
SKYW does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
SKYWEST INC
NASDAQ:SKYW (5/2/2024, 2:36:27 PM)
74.74
+1.47 (+2.01%)
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 Cap3.02B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)
Max EPS beat(4)
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)
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Min Revenue beat(4)
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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 | 85.91 | ||
| Fwd PE | 11.4 | ||
| 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)0.13
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.49% | ||
| ROE | 1.62% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 3.55% | ||
| PM (TTM) | 1.17% | ||
| GM | 70.79% | ||
| 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 Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.21 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.8 | ||
| 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)-40%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y653.86%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-2.31%
Revenue growth 3Y11.33%
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