SKYWEST INC (SKYW) Stock Fundamental Analysis
NASDAQ:SKYW - Nasdaq - US8308791024 - Common Stock
Overall SKYW gets a fundamental rating of 5 out of 10. We evaluated SKYW against 23 industry peers in the Passenger Airlines industry. SKYW has only an average score on both its financial health and profitability. SKYW has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
SKYW had positive earnings in the past year.
In the past year SKYW had a positive cash flow from operations.
Of the past 5 years SKYW 4 years were profitable.
Each year in the past 5 years SKYW had a positive operating cash flow.
1.2 Ratios
SKYW has a better Return On Assets (2.54%) than 69.57% of its industry peers.
SKYW's Return On Equity of 7.93% is fine compared to the rest of the industry. SKYW outperforms 69.57% of its industry peers.
With a Return On Invested Capital value of 4.31%, SKYW perfoms like the industry average, outperforming 56.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.54% | ||
| ROE | 7.93% | ||
| ROIC | 4.31% |
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
With a decent Profit Margin value of 5.55%, SKYW is doing good in the industry, outperforming 78.26% of the companies in the same industry.
In the last couple of years the Profit Margin of SKYW has declined.
With a decent Operating Margin value of 9.28%, SKYW is doing good in the industry, outperforming 78.26% of the companies in the same industry.
SKYW's Operating Margin has declined in the last couple of years.
SKYW's Gross Margin of 72.76% is amongst the best of the industry. SKYW outperforms 95.65% of its industry peers.
SKYW's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.28% | ||
| PM (TTM) | 5.55% | ||
| GM | 72.76% |
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.
The number of shares outstanding for SKYW has been reduced compared to 1 year ago.
Compared to 5 years ago, SKYW has less shares outstanding
SKYW has a better debt/assets ratio than last year.
2.2 Solvency
SKYW has an Altman-Z score of 1.61. This is a bad value and indicates that SKYW is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of SKYW (1.61) is better than 78.26% of its industry peers.
SKYW has a debt to FCF ratio of 5.71. This is a neutral value as SKYW would need 5.71 years to pay back of all of its debts.
SKYW's Debt to FCF ratio of 5.71 is amongst the best of the industry. SKYW outperforms 82.61% of its industry peers.
SKYW has a Debt/Equity ratio of 1.02. This is a high value indicating a heavy dependency on external financing.
SKYW has a Debt to Equity ratio of 1.02. This is in the better half of the industry: SKYW outperforms 60.87% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | 5.71 | ||
| Altman-Z | 1.61 |
ROIC/WACC0.57
WACC7.58%
2.3 Liquidity
A Current Ratio of 0.84 indicates that SKYW may have some problems paying its short term obligations.
The Current ratio of SKYW (0.84) is better than 78.26% of its industry peers.
SKYW has a Quick Ratio of 0.84. This is a bad value and indicates that SKYW is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of SKYW (0.74) is better than 73.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.84 | ||
| Quick Ratio | 0.74 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 1318.75% over the past year.
The earnings per share for SKYW have been decreasing by -30.36% on average. This is quite bad
SKYW shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.42%.
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)1318.75%
EPS 3YN/A
EPS 5Y-30.36%
EPS Q2Q%292.73%
Revenue 1Y (TTM)16.42%
Revenue growth 3Y11.33%
Revenue growth 5Y-1.84%
Sales Q2Q%19.14%
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 125.65% 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 10.51% on average per year.
EPS Next Y749.61%
EPS Next 2Y217.3%
EPS Next 3Y125.65%
EPS Next 5YN/A
Revenue Next Year18.66%
Revenue Next 2Y13.46%
Revenue Next 3Y10.51%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 18.68, which indicates a rather expensive current valuation of SKYW.
SKYW's Price/Earnings ratio is a bit cheaper when compared to the industry. SKYW is cheaper than 65.22% of the companies in the same industry.
SKYW is valuated rather cheaply when we compare the Price/Earnings ratio to 27.96, which is the current average of the S&P500 Index.
SKYW is valuated correctly with a Price/Forward Earnings ratio of 12.48.
The rest of the industry has a similar Price/Forward Earnings ratio as SKYW.
When comparing the Price/Forward Earnings ratio of SKYW to the average of the S&P500 Index (24.11), we can say SKYW is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.68 | ||
| Fwd PE | 12.48 |
4.2 Price Multiples
69.57% of the companies in the same industry are more expensive than SKYW, based on the Enterprise Value to EBITDA ratio.
78.26% 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 | 9.05 | ||
| EV/EBITDA | 7.32 |
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.
SKYW's earnings are expected to grow with 125.65% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.02
PEG (5Y)N/A
EPS Next 2Y217.3%
EPS Next 3Y125.65%
5. Dividend
5.1 Amount
SKYW does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
SKYWEST INC
NASDAQ:SKYW (1/17/2025, 8:27:28 PM)
After market: 109.29 0 (0%)109.29
+0.32 (+0.29%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners89.84%
Inst Owner Change-0.01%
Ins Owners1.11%
Ins Owner Change-6.18%
Market Cap4.41B
Analysts78.18
Price Target115.87 (6.02%)
Short Float %3.68%
Short Ratio3.97
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.38%
Min EPS beat(2)2.94%
Max EPS beat(2)15.81%
EPS beat(4)4
Avg EPS beat(4)55.34%
Min EPS beat(4)2.94%
Max EPS beat(4)169.13%
EPS beat(8)7
Avg EPS beat(8)-95.79%
EPS beat(12)11
Avg EPS beat(12)295.34%
EPS beat(16)13
Avg EPS beat(16)301.24%
Revenue beat(2)1
Avg Revenue beat(2)0.65%
Min Revenue beat(2)-1.54%
Max Revenue beat(2)2.84%
Revenue beat(4)1
Avg Revenue beat(4)-0.55%
Min Revenue beat(4)-2.83%
Max Revenue beat(4)2.84%
Revenue beat(8)2
Avg Revenue beat(8)-1.48%
Revenue beat(12)6
Avg Revenue beat(12)0.91%
Revenue beat(16)9
Avg Revenue beat(16)1.32%
PT rev (1m)2.53%
PT rev (3m)19.27%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)5.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.68 | ||
| Fwd PE | 12.48 | ||
| P/S | 1.38 | ||
| P/FCF | 9.05 | ||
| P/OCF | 6.07 | ||
| P/B | 1.98 | ||
| P/tB | 1.98 | ||
| EV/EBITDA | 7.32 |
EPS(TTM)5.85
EY5.35%
EPS(NY)8.76
Fwd EY8.01%
FCF(TTM)12.07
FCFY11.05%
OCF(TTM)18.01
OCFY16.48%
SpS79.07
BVpS55.32
TBVpS55.32
PEG (NY)0.02
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.54% | ||
| ROE | 7.93% | ||
| ROCE | 5.25% | ||
| ROIC | 4.31% | ||
| ROICexc | 5.91% | ||
| ROICexgc | 5.91% | ||
| OM | 9.28% | ||
| PM (TTM) | 5.55% | ||
| GM | 72.76% | ||
| FCFM | 15.27% |
ROA(3y)1.01%
ROA(5y)1.61%
ROE(3y)3.22%
ROE(5y)4.98%
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-24.34%
ROICexc growth 3YN/A
ROICexc growth 5Y-24.34%
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%
F-Score8
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | 5.71 | ||
| Debt/EBITDA | 3.36 | ||
| Cap/Depr | 62.5% | ||
| Cap/Sales | 7.51% | ||
| Interest Coverage | 2.45 | ||
| Cash Conversion | 106.94% | ||
| Profit Quality | 275.23% | ||
| Current Ratio | 0.84 | ||
| Quick Ratio | 0.74 | ||
| Altman-Z | 1.61 |
F-Score8
WACC7.58%
ROIC/WACC0.57
Cap/Depr(3y)136.78%
Cap/Depr(5y)139.76%
Cap/Sales(3y)19.53%
Cap/Sales(5y)20.74%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1318.75%
EPS 3YN/A
EPS 5Y-30.36%
EPS Q2Q%292.73%
EPS Next Y749.61%
EPS Next 2Y217.3%
EPS Next 3Y125.65%
EPS Next 5YN/A
Revenue 1Y (TTM)16.42%
Revenue growth 3Y11.33%
Revenue growth 5Y-1.84%
Sales Q2Q%19.14%
Revenue Next Year18.66%
Revenue Next 2Y13.46%
Revenue Next 3Y10.51%
Revenue Next 5YN/A
EBIT growth 1Y337.32%
EBIT growth 3YN/A
EBIT growth 5Y-25.84%
EBIT Next Year709.92%
EBIT Next 3Y112.83%
EBIT Next 5YN/A
FCF growth 1Y239.02%
FCF growth 3Y31.26%
FCF growth 5YN/A
OCF growth 1Y32.44%
OCF growth 3Y5.14%
OCF growth 5Y-1.71%