SPIRIT AIRLINES INC (SAVE)
US8485771021 - Common Stock
We assign a fundamental rating of 2 out of 10 to SAVE. SAVE was compared to 23 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.
1. Profitability
1.1 Basic Checks
In the past year SAVE has reported negative net income.
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.
In multiple years SAVE reported negative operating cash flow during the last 5 years.
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.
The Return On Equity of SAVE (-83.59%) is worse than 66.67% of its industry peers.
| Industry Rank | Sector 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
1.3 Margins
SAVE's Gross Margin of 11.89% is on the low side compared to the rest of the industry. SAVE is outperformed by 79.17% of its industry peers.
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 Rank | Sector 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%
2. Health
2.1 Basic Checks
SAVE does not have a ROIC to compare to the WACC, probably because it is not profitable.
SAVE has more shares outstanding than it did 1 year ago.
SAVE has more shares outstanding than it did 5 years ago.
The debt/assets ratio for SAVE has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.26, we must say that SAVE is in the distress zone and has some risk of bankruptcy.
SAVE has a worse Altman-Z score (0.26) than 66.67% of its industry peers.
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 of 3.86. This is comparable to the rest of the industry: SAVE outperforms 41.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.86 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.26 |
ROIC/WACCN/A
WACC3.59%
2.3 Liquidity
A Current Ratio of 0.94 indicates that SAVE may have some problems paying its short term obligations.
With an excellent Current ratio value of 0.94, SAVE belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
SAVE has a Quick 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.
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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.94 |
3. Growth
3.1 Past
SAVE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -1381.58%.
The Revenue has decreased by -7.07% in the past year.
The Revenue has been growing by 10.04% on average over the past years. This is quite good.
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
SAVE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.75% yearly.
Based on estimates for the next years, SAVE will show a decrease in Revenue. The Revenue will decrease by -1.49% on average per year.
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.
4. Valuation
4.1 Price/Earnings Ratio
SAVE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year SAVE is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| 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
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-15.25%
EPS Next 3Y10.75%
5. Dividend
5.1 Amount
SAVE has a Yearly Dividend Yield of 27.78%, which is a nice return.
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.
Compared to an average industry Dividend Yield of 2.99, SAVE pays a better dividend. On top of this SAVE pays more dividend than 100.00% of the companies listed in the same industry.
SAVE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 27.78% |
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 2Y-15.25%
EPS Next 3Y10.75%
SPIRIT AIRLINES INC
NYSE:SAVE (11/15/2024, 8:04:00 PM)
Premarket: 1.02 -0.06 (-5.56%)1.08
-0.24 (-18.18%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners31.85%
Inst Owner Change-10.79%
Ins Owners0.83%
Ins Owner Change33.82%
Market Cap118.28M
Analysts44.44
Price Target2.3 (112.96%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 27.78% |
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.44%
Min EPS beat(2)-3.95%
Max EPS beat(2)1.06%
EPS beat(4)3
Avg EPS beat(4)3.75%
Min EPS beat(4)-3.95%
Max EPS beat(4)8.99%
EPS beat(8)6
Avg EPS beat(8)40.74%
EPS beat(12)10
Avg EPS beat(12)35.36%
EPS beat(16)13
Avg EPS beat(16)30.7%
Revenue beat(2)0
Avg Revenue beat(2)-2.62%
Min Revenue beat(2)-2.96%
Max Revenue beat(2)-2.28%
Revenue beat(4)0
Avg Revenue beat(4)-2.18%
Min Revenue beat(4)-2.96%
Max Revenue beat(4)-1.58%
Revenue beat(8)0
Avg Revenue beat(8)-2.41%
Revenue beat(12)1
Avg Revenue beat(12)-1.88%
Revenue beat(16)3
Avg Revenue beat(16)-1.45%
PT rev (1m)-3.08%
PT rev (3m)-11.27%
EPS NQ rev (1m)-1.51%
EPS NQ rev (3m)0.87%
EPS NY rev (1m)-2.99%
EPS NY rev (3m)-2.99%
Revenue NQ rev (1m)-1%
Revenue NQ rev (3m)-1.74%
Revenue NY rev (1m)-3.12%
Revenue NY rev (3m)-3.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 0.02 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.15 | ||
| P/tB | 0.15 | ||
| EV/EBITDA | N/A |
EPS(TTM)-5.63
EYN/A
EPS(NY)-4.33
Fwd EYN/A
FCF(TTM)-7.6
FCFYN/A
OCF(TTM)-5.91
OCFYN/A
SpS46.81
BVpS7.39
TBVpS7.39
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.08% | ||
| ROE | -83.59% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 11.89% | ||
| FCFM | 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
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 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y-13.14%
F-Score3
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.86 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 56.4% | ||
| Cap/Sales | 3.61% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.94 | ||
| Altman-Z | 0.26 |
F-Score3
WACC3.59%
ROIC/WACCN/A
Cap/Depr(3y)75.82%
Cap/Depr(5y)103.43%
Cap/Sales(3y)5.36%
Cap/Sales(5y)9.31%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1381.58%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-596.55%
EPS Next Y-110.25%
EPS Next 2Y-15.25%
EPS Next 3Y10.75%
EPS Next 5YN/A
Revenue 1Y (TTM)-7.07%
Revenue growth 3Y43.63%
Revenue growth 5Y10.04%
Sales Q2Q%-10.58%
Revenue Next Year-9.68%
Revenue Next 2Y-5.78%
Revenue Next 3Y-1.49%
Revenue Next 5YN/A
EBIT growth 1Y-3772.27%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-12.14%
EBIT Next 3Y26.91%
EBIT Next 5YN/A
FCF growth 1Y-97.6%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-243.61%
OCF growth 3YN/A
OCF growth 5YN/A