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FRONTIER GROUP HOLDINGS INC (ULCC) Stock Fundamental Analysis

NASDAQ:ULCC - US35909R1086 - Common Stock

4.9 USD
+0.19 (+4.03%)
Last: 8/29/2025, 8:00:01 PM
5.49 USD
+0.59 (+12.04%)
After Hours: 8/29/2025, 8:00:01 PM
Fundamental Rating

2

ULCC gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 23 industry peers in the Passenger Airlines industry. Both the profitability and financial health of ULCC have multiple concerns. ULCC is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

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.
In the past 5 years ULCC reported 4 times negative net income.
ULCC had negative operating cash flow in 4 of the past 5 years.
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

Looking at the Return On Assets, with a value of -0.52%, ULCC is in line with its industry, outperforming 56.52% of the companies in the same industry.
Looking at the Return On Equity, with a value of -6.72%, ULCC is in the better half of the industry, outperforming 60.87% of the companies in the same industry.
Industry RankSector Rank
ROA -0.52%
ROE -6.72%
ROIC 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
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

In the last couple of years the Profit Margin of ULCC has declined.
In the last couple of years the Operating Margin of ULCC has declined.
ULCC has a Gross Margin (55.48%) which is comparable to the rest of the industry.
ULCC's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for ULCC so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 55.48%
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

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2

2. Health

2.1 Basic Checks

ULCC does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for ULCC has been increased compared to 1 year ago.
Compared to 5 years ago, ULCC has more shares outstanding
The debt/assets ratio for ULCC has been reduced compared to a year ago.
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

ULCC has an Altman-Z score of 0.46. This is a bad value and indicates that ULCC is not financially healthy and even has some risk of bankruptcy.
ULCC has a worse Altman-Z score (0.46) than 60.87% of its industry peers.
A Debt/Equity ratio of 0.46 indicates that ULCC is not too dependend on debt financing.
The Debt to Equity ratio of ULCC (0.46) is better than 86.96% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.46
Debt/FCF N/A
Altman-Z 0.46
ROIC/WACCN/A
WACC9.59%
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

A Current Ratio of 0.41 indicates that ULCC may have some problems paying its short term obligations.
ULCC has a Current ratio of 0.41. This is in the lower half of the industry: ULCC underperforms 73.91% of its industry peers.
A Quick Ratio of 0.36 indicates that ULCC may have some problems paying its short term obligations.
ULCC's Quick ratio of 0.36 is on the low side compared to the rest of the industry. ULCC is outperformed by 78.26% of its industry peers.
Industry RankSector Rank
Current Ratio 0.41
Quick Ratio 0.36
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

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5

3. Growth

3.1 Past

The earnings per share for ULCC have decreased strongly by -255.56% in the last year.
ULCC shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -20.53% yearly.
The Revenue has been growing slightly by 4.60% in the past year.
Measured over the past years, ULCC shows a quite strong growth in Revenue. The Revenue has been growing by 8.52% on average per year.
EPS 1Y (TTM)-255.56%
EPS 3YN/A
EPS 5Y-20.53%
EPS Q2Q%-321.43%
Revenue 1Y (TTM)4.6%
Revenue growth 3Y22.37%
Revenue growth 5Y8.52%
Sales Q2Q%-4.52%

3.2 Future

ULCC is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 49.80% yearly.
Based on estimates for the next years, ULCC will show a quite strong growth in Revenue. The Revenue will grow by 8.54% on average per year.
EPS Next Y-420.92%
EPS Next 2Y-31.32%
EPS Next 3Y49.8%
EPS Next 5YN/A
Revenue Next Year-0.08%
Revenue Next 2Y6.32%
Revenue Next 3Y8.54%
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
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 -1.5

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for ULCC. In the last year negative earnings were reported.
A Price/Forward Earnings ratio of 45.17 indicates a quite expensive valuation of ULCC.
The rest of the industry has a similar Price/Forward Earnings ratio as ULCC.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.76, ULCC is valued quite expensively.
Industry RankSector Rank
PE N/A
Fwd PE 45.17
ULCC Price Earnings VS Forward Price EarningsULCC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ULCC is on the same level as its industry peers.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 48.48
ULCC Per share dataULCC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

A more expensive valuation may be justified as ULCC's earnings are expected to grow with 49.80% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-31.32%
EPS Next 3Y49.8%

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0

5. Dividend

5.1 Amount

ULCC does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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FRONTIER GROUP HOLDINGS INC

NASDAQ:ULCC (8/29/2025, 8:00:01 PM)

After market: 5.49 +0.59 (+12.04%)

4.9

+0.19 (+4.03%)

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 Owners27.48%
Inst Owner Change3.68%
Ins Owners34.04%
Ins Owner Change0.27%
Market Cap1.12B
Analysts54.12
Price Target4.76 (-2.86%)
Short Float %27.94%
Short Ratio3.63
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)0
Avg EPS beat(2)-47.21%
Min EPS beat(2)-85.03%
Max EPS beat(2)-9.4%
EPS beat(4)1
Avg EPS beat(4)-20.75%
Min EPS beat(4)-85.03%
Max EPS beat(4)87.63%
EPS beat(8)5
Avg EPS beat(8)12.23%
EPS beat(12)9
Avg EPS beat(12)14.74%
EPS beat(16)12
Avg EPS beat(16)15.45%
Revenue beat(2)0
Avg Revenue beat(2)-4.22%
Min Revenue beat(2)-4.7%
Max Revenue beat(2)-3.73%
Revenue beat(4)0
Avg Revenue beat(4)-2.83%
Min Revenue beat(4)-4.7%
Max Revenue beat(4)-0.2%
Revenue beat(8)0
Avg Revenue beat(8)-3.2%
Revenue beat(12)0
Avg Revenue beat(12)-3.19%
Revenue beat(16)2
Avg Revenue beat(16)-2.89%
PT rev (1m)0%
PT rev (3m)-2.89%
EPS NQ rev (1m)-203%
EPS NQ rev (3m)-268.76%
EPS NY rev (1m)-291.94%
EPS NY rev (3m)-584.55%
Revenue NQ rev (1m)-2.15%
Revenue NQ rev (3m)-19.5%
Revenue NY rev (1m)-1.16%
Revenue NY rev (3m)-2.96%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 45.17
P/S 0.3
P/FCF N/A
P/OCF N/A
P/B 2.21
P/tB 2.33
EV/EBITDA 48.48
EPS(TTM)-0.32
EYN/A
EPS(NY)0.11
Fwd EY2.21%
FCF(TTM)-1.61
FCFYN/A
OCF(TTM)-1.26
OCFYN/A
SpS16.56
BVpS2.22
TBVpS2.1
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.52%
ROE -6.72%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 55.48%
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 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
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-Score2
Asset Turnover0.58
Health
Industry RankSector Rank
Debt/Equity 0.46
Debt/FCF N/A
Debt/EBITDA 10.17
Cap/Depr 100%
Cap/Sales 2.09%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.41
Quick Ratio 0.36
Altman-Z 0.46
F-Score2
WACC9.59%
ROIC/WACCN/A
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-420.92%
EPS Next 2Y-31.32%
EPS Next 3Y49.8%
EPS Next 5YN/A
Revenue 1Y (TTM)4.6%
Revenue growth 3Y22.37%
Revenue growth 5Y8.52%
Sales Q2Q%-4.52%
Revenue Next Year-0.08%
Revenue Next 2Y6.32%
Revenue Next 3Y8.54%
Revenue Next 5YN/A
EBIT growth 1Y11.11%
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-286.32%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-540%
OCF growth 3YN/A
OCF growth 5YN/A