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 does not seem to be growing, but still is valued expensively.
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.
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
SAVE's Return On Assets of -7.08% is in line compared to the rest of the industry. SAVE outperforms 41.67% of its industry peers.
SAVE has a Return On Equity of -83.59%. This is in the lower half of the industry: SAVE underperforms 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.
Compared to 1 year ago, SAVE has more shares outstanding
Compared to 5 years ago, SAVE has more shares outstanding
Compared to 1 year ago, SAVE has an improved debt to assets ratio.
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.
Looking at the Altman-Z score, with a value of 0.26, SAVE is doing worse than 66.67% of the companies in the same industry.
SAVE has a Debt/Equity ratio of 3.86. This is a high value indicating a heavy dependency on external 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
WACC3.58%
2.3 Liquidity
SAVE has a Current 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.
The Current ratio of SAVE (0.94) is better than 83.33% of its industry peers.
A Quick Ratio of 0.94 indicates that SAVE may have some problems paying its short term obligations.
The Quick ratio of SAVE (0.94) is better than 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%.
SAVE shows a decrease in Revenue. In the last year, the revenue decreased by -7.07%.
SAVE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.04% yearly.
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
The Earnings Per Share is expected to grow by 10.75% on average over the next years. This is quite good.
SAVE is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.49% yearly.
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.
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
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 37.04%, which is a nice return.
The stock price of SAVE dropped by -61.29% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 7.70, SAVE pays a better dividend. On top of this SAVE pays more dividend than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.23, SAVE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 37.04% |
5.2 History
SAVE does not have a reliable dividend history as it only pays dividend since a couple or years.
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 Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap118.28M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 37.04% |
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)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
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 | -7.08% | ||
| ROE | -83.59% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 11.89% | ||
| 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 Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.86 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.94 | ||
| 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)
High Growth Momentum
Growth
EPS 1Y (TTM)-1381.58%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y-110.25%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-7.07%
Revenue growth 3Y43.63%
Revenue growth 5Y
Sales 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