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FRONTIER GROUP HOLDINGS INC (ULCC) Stock Fundamental Analysis

NASDAQ:ULCC - Nasdaq - US35909R1086 - Common Stock - Currency: USD

3.34  +0.02 (+0.6%)

After market: 3.4 +0.06 (+1.8%)

Fundamental Rating

3

Overall ULCC gets a fundamental rating of 3 out of 10. We evaluated ULCC against 22 industry peers in the Passenger Airlines industry. ULCC may be in some trouble as it scores bad on both profitability and health. ULCC has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

In the past year ULCC has reported negative net income.
In the past year ULCC has reported a negative cash flow from operations.
ULCC had negative earnings in 4 of the past 5 years.
In the past 5 years ULCC reported 4 times negative operating cash flow.
ULCC Yearly Net Income VS EBIT VS OCF VS FCFULCC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M

1.2 Ratios

ULCC has a Return On Assets of 1.03%. This is comparable to the rest of the industry: ULCC outperforms 59.09% of its industry peers.
The Return On Equity of ULCC (11.75%) is better than 68.18% of its industry peers.
ULCC's Return On Invested Capital of 0.77% is in line compared to the rest of the industry. ULCC outperforms 40.91% of its industry peers.
Industry RankSector Rank
ROA 1.03%
ROE 11.75%
ROIC 0.77%
ROA(3y)0.11%
ROA(5y)-1.68%
ROE(3y)1.49%
ROE(5y)-17.47%
ROIC(3y)N/A
ROIC(5y)N/A
ULCC Yearly ROA, ROE, ROICULCC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 -60

1.3 Margins

The Profit Margin of ULCC (1.75%) is better than 63.64% of its industry peers.
In the last couple of years the Profit Margin of ULCC has declined.
ULCC has a Operating Margin (1.15%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of ULCC has declined.
ULCC has a Gross Margin (55.70%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of ULCC has declined.
Industry RankSector Rank
OM 1.15%
PM (TTM) 1.75%
GM 55.7%
OM growth 3YN/A
OM growth 5Y-33.83%
PM growth 3YN/A
PM growth 5Y-25.97%
GM growth 3Y5.57%
GM growth 5Y-1.83%
ULCC Yearly Profit, Operating, Gross MarginsULCC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40

2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ULCC is destroying value.
The number of shares outstanding for ULCC has been increased compared to 1 year ago.
ULCC has more shares outstanding than it did 5 years ago.
ULCC has a better debt/assets ratio than last year.
ULCC Yearly Shares OutstandingULCC Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
ULCC Yearly Total Debt VS Total AssetsULCC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

Based on the Altman-Z score of 0.54, we must say that ULCC is in the distress zone and has some risk of bankruptcy.
ULCC has a worse Altman-Z score (0.54) than 63.64% of its industry peers.
ULCC has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
ULCC has a Debt to Equity ratio of 0.43. This is amongst the best in the industry. ULCC outperforms 86.36% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF N/A
Altman-Z 0.54
ROIC/WACC0.08
WACC9.22%
ULCC Yearly LT Debt VS Equity VS FCFULCC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M

2.3 Liquidity

ULCC has a Current Ratio of 0.49. This is a bad value and indicates that ULCC is not financially healthy enough and could expect problems in meeting its short term obligations.
ULCC's Current ratio of 0.49 is on the low side compared to the rest of the industry. ULCC is outperformed by 72.73% of its industry peers.
A Quick Ratio of 0.45 indicates that ULCC may have some problems paying its short term obligations.
ULCC has a Quick ratio of 0.45. This is in the lower half of the industry: ULCC underperforms 72.73% of its industry peers.
Industry RankSector Rank
Current Ratio 0.49
Quick Ratio 0.45
ULCC Yearly Current Assets VS Current LiabilitesULCC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

5

3. Growth

3.1 Past

ULCC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -255.56%.
Measured over the past years, ULCC shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -20.53% on average per year.
ULCC shows a small growth in Revenue. In the last year, the Revenue has grown by 5.18%.
ULCC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.52% yearly.
EPS 1Y (TTM)-255.56%
EPS 3YN/A
EPS 5Y-20.53%
EPS Q2Q%-321.43%
Revenue 1Y (TTM)5.18%
Revenue growth 3Y22.37%
Revenue growth 5Y8.52%
Sales Q2Q%-4.52%

3.2 Future

The Earnings Per Share is expected to grow by 65.27% on average over the next years. This is a very strong growth
ULCC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.80% yearly.
EPS Next Y-181.88%
EPS Next 2Y48.54%
EPS Next 3Y65.27%
EPS Next 5YN/A
Revenue Next Year1.1%
Revenue Next 2Y7.6%
Revenue Next 3Y8.8%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
ULCC Yearly Revenue VS EstimatesULCC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B 4B
ULCC Yearly EPS VS EstimatesULCC Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0 0.5 -0.5 1 -1 -1.5

4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for ULCC. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 6.58, the valuation of ULCC can be described as very cheap.
Based on the Price/Forward Earnings ratio, ULCC is valued a bit cheaper than 77.27% of the companies in the same industry.
ULCC is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.04, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 6.58
ULCC Price Earnings VS Forward Price EarningsULCC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 30

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ULCC indicates a somewhat cheap valuation: ULCC is cheaper than 68.18% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 4.81
ULCC Per share dataULCC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

ULCC's earnings are expected to grow with 65.27% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y48.54%
EPS Next 3Y65.27%

0

5. Dividend

5.1 Amount

No dividends for ULCC!.
Industry RankSector Rank
Dividend Yield N/A

FRONTIER GROUP HOLDINGS INC

NASDAQ:ULCC (8/8/2025, 8:10:23 PM)

After market: 3.4 +0.06 (+1.8%)

3.34

+0.02 (+0.6%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)08-05 2025-08-05/bmo
Earnings (Next)10-27 2025-10-27/bmo
Inst Owners26.75%
Inst Owner Change1.81%
Ins Owners34.05%
Ins Owner Change-0.71%
Market Cap760.72M
Analysts54.12
Price Target4.76 (42.51%)
Short Float %29.62%
Short Ratio4.76
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-14.8%
Min EPS beat(2)-117.23%
Max EPS beat(2)87.63%
EPS beat(4)2
Avg EPS beat(4)-23.8%
Min EPS beat(4)-117.23%
Max EPS beat(4)87.63%
EPS beat(8)6
Avg EPS beat(8)10.46%
EPS beat(12)10
Avg EPS beat(12)14.6%
EPS beat(16)13
Avg EPS beat(16)15.29%
Revenue beat(2)0
Avg Revenue beat(2)-2.45%
Min Revenue beat(2)-4.7%
Max Revenue beat(2)-0.2%
Revenue beat(4)0
Avg Revenue beat(4)-3.67%
Min Revenue beat(4)-7.07%
Max Revenue beat(4)-0.2%
Revenue beat(8)0
Avg Revenue beat(8)-2.96%
Revenue beat(12)1
Avg Revenue beat(12)-2.63%
Revenue beat(16)3
Avg Revenue beat(16)-2.63%
PT rev (1m)-0.59%
PT rev (3m)-6.14%
EPS NQ rev (1m)-30.95%
EPS NQ rev (3m)-219.33%
EPS NY rev (1m)-26.71%
EPS NY rev (3m)-130.55%
Revenue NQ rev (1m)-4.07%
Revenue NQ rev (3m)-12.82%
Revenue NY rev (1m)-2.22%
Revenue NY rev (3m)-6.44%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 6.58
P/S 0.2
P/FCF N/A
P/OCF N/A
P/B 1.33
P/tB 1.4
EV/EBITDA 4.81
EPS(TTM)-0.32
EYN/A
EPS(NY)0.51
Fwd EY15.19%
FCF(TTM)-0.98
FCFYN/A
OCF(TTM)-0.64
OCFYN/A
SpS16.78
BVpS2.5
TBVpS2.38
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.03%
ROE 11.75%
ROCE 0.97%
ROIC 0.77%
ROICexc 0.9%
ROICexgc 0.91%
OM 1.15%
PM (TTM) 1.75%
GM 55.7%
FCFM N/A
ROA(3y)0.11%
ROA(5y)-1.68%
ROE(3y)1.49%
ROE(5y)-17.47%
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 5Y-37.21%
ROICexc growth 3YN/A
ROICexc growth 5Y-37.1%
OM growth 3YN/A
OM growth 5Y-33.83%
PM growth 3YN/A
PM growth 5Y-25.97%
GM growth 3Y5.57%
GM growth 5Y-1.83%
F-Score4
Asset Turnover0.59
Health
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF N/A
Debt/EBITDA 2.03
Cap/Depr 101.32%
Cap/Sales 2.01%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.49
Quick Ratio 0.45
Altman-Z 0.54
F-Score4
WACC9.22%
ROIC/WACC0.08
Cap/Depr(3y)99.56%
Cap/Depr(5y)83.64%
Cap/Sales(3y)1.56%
Cap/Sales(5y)1.45%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-255.56%
EPS 3YN/A
EPS 5Y-20.53%
EPS Q2Q%-321.43%
EPS Next Y-181.88%
EPS Next 2Y48.54%
EPS Next 3Y65.27%
EPS Next 5YN/A
Revenue 1Y (TTM)5.18%
Revenue growth 3Y22.37%
Revenue growth 5Y8.52%
Sales Q2Q%-4.52%
Revenue Next Year1.1%
Revenue Next 2Y7.6%
Revenue Next 3Y8.8%
Revenue Next 5YN/A
EBIT growth 1Y588.89%
EBIT growth 3YN/A
EBIT growth 5Y-28.19%
EBIT Next Year-47.06%
EBIT Next 3Y294.04%
EBIT Next 5YN/A
FCF growth 1Y-265.57%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-812.5%
OCF growth 3YN/A
OCF growth 5YN/A