SKYWEST INC(NASDAQ:SKYW) stock Fundamental Analysis

Fundamental Rating

We assign a fundamental rating of 5 out of 10 to SKYW. SKYW was compared to 23 industry peers in the Passenger Airlines industry. There are concerns on the financial health of SKYW while its profitability can be described as average. SKYW is growing strongly while it is still valued neutral. This is a good combination!

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1. Profitability

1.1 Basic Checks

SKYW had positive earnings in the past year.

SKYW had positive earnings in 4 of the past 5 years.

Of the past 5 years SKYW 4 years had a positive operating cash flow.

1.2 Ratios

SKYW's Return On Assets of 4.52% is amongst the best of the industry. SKYW outperforms 82.61% of its industry peers.

SKYW has a better Return On Equity (13.41%) than 73.91% of its industry peers.

SKYW has a Return On Invested Capital of 6.93%. This is in the better half of the industry: SKYW outperforms 69.57% of its industry peers.

SKYW had an Average Return On Invested Capital over the past 3 years of 3.57%. This is significantly below the industry average of 8.77%.

The 3 year average ROIC (3.57%) for SKYW is below the current ROIC(6.93%), indicating increased profibility in the last year.

		Industry Rank	Sector Rank
ROA	4.52%
ROE	13.41%
ROIC	6.93%

ROA(3y)2%

ROA(5y)1.49%

ROE(3y)6.05%

ROE(5y)4.54%

ROIC(3y)3.57%

ROIC(5y)N/A

1.3 Margins

SKYW has a Profit Margin of 9.15%. This is amongst the best in the industry. SKYW outperforms 91.30% of its industry peers.

In the last couple of years the Profit Margin of SKYW has declined.

SKYW's Operating Margin of 14.02% is amongst the best of the industry. SKYW outperforms 91.30% of its industry peers.

In the last couple of years the Operating Margin of SKYW has declined.

Looking at the Gross Margin, with a value of 74.74%, SKYW belongs to the top of the industry, outperforming 95.65% of the companies in the same industry.

SKYW's Gross Margin has been stable in the last couple of years.

		Industry Rank	Sector Rank
OM	14.02%
PM (TTM)	9.15%
GM	74.74%

OM growth 3YN/A

OM growth 5Y-4.85%

PM growth 3Y30.45%

PM growth 5Y-4.37%

GM growth 3Y7.76%

GM growth 5Y0.68%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SKYW is destroying value.

The number of shares outstanding for SKYW has been increased compared to 1 year ago.

The number of shares outstanding for SKYW has been reduced compared to 5 years ago.

SKYW has a better debt/assets ratio than last year.

2.2 Solvency

A Debt/Equity ratio of 0.89 indicates that SKYW is somewhat dependend on debt financing.

SKYW's Debt to Equity ratio of 0.89 is fine compared to the rest of the industry. SKYW outperforms 73.91% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.89
Debt/FCF	N/A
Altman-Z	N/A

ROIC/WACC0.8

WACC8.67%

2.3 Liquidity

SKYW has a Current Ratio of 0.78. This is a bad value and indicates that SKYW is not financially healthy enough and could expect problems in meeting its short term obligations.

SKYW's Current ratio of 0.78 is fine compared to the rest of the industry. SKYW outperforms 69.57% of its industry peers.

A Quick Ratio of 0.78 indicates that SKYW may have some problems paying its short term obligations.

SKYW has a Quick ratio of 0.78. This is in the better half of the industry: SKYW outperforms 73.91% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	0.78
Quick Ratio	0.78

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 793.10% over the past year.

The Earnings Per Share has been growing slightly by 4.42% on average over the past years.

Looking at the last year, SKYW shows a very strong growth in Revenue. The Revenue has grown by 20.19%.

The Revenue has been growing slightly by 3.49% on average over the past years.

EPS 1Y (TTM)793.1%

EPS 3Y30.83%

EPS 5Y4.42%

EPS Q2Q%457.14%

Revenue 1Y (TTM)20.19%

Revenue growth 3Y9.14%

Revenue growth 5Y3.49%

Sales Q2Q%25.62%

3.2 Future

SKYW is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.32% yearly.

Based on estimates for the next years, SKYW will show a quite strong growth in Revenue. The Revenue will grow by 8.26% on average per year.

EPS Next Y19.33%

EPS Next 2Y15.47%

EPS Next 3Y17.32%

EPS Next 5YN/A

Revenue Next Year9.83%

Revenue Next 2Y7.51%

Revenue Next 3Y8.26%

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.

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4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 12.44, SKYW is valued correctly.

SKYW's Price/Earnings ratio is a bit cheaper when compared to the industry. SKYW is cheaper than 78.26% of the companies in the same industry.

When comparing the Price/Earnings ratio of SKYW to the average of the S&P500 Index (29.63), we can say SKYW is valued rather cheaply.

A Price/Forward Earnings ratio of 10.42 indicates a reasonable valuation of SKYW.

Compared to the rest of the industry, the Price/Forward Earnings ratio of SKYW indicates a somewhat cheap valuation: SKYW is cheaper than 65.22% of the companies listed in the same industry.

Compared to an average S&P500 Price/Forward Earnings ratio of 22.68, SKYW is valued rather cheaply.

		Industry Rank	Sector Rank
PE	12.44
Fwd PE	10.42

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.

SKYW has a very decent profitability rating, which may justify a higher PE ratio.

A more expensive valuation may be justified as SKYW's earnings are expected to grow with 17.32% in the coming years.

PEG (NY)0.64

PEG (5Y)2.82

EPS Next 2Y15.47%

EPS Next 3Y17.32%

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5. Dividend

5.1 Amount

SKYW does not give a dividend.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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SKYWEST INC

NASDAQ:SKYW (2/21/2025, 8:00:02 PM)

After market: 96.65 0 (0%)

96.65

-4.36 (-4.32%)

Chartmill FA Rating

GICS SectorIndustrials

GICS IndustryGroupTransportation

GICS IndustryPassenger Airlines

Earnings (Last)01-30 2025-01-30/amc

Earnings (Next)04-23 2025-04-23/amc

Inst Owners93.01%

Inst Owner Change5.65%

Ins Owners1.45%

Ins Owner Change7.38%

Market Cap3.90B

Analysts78.18

Price Target131.38 (35.93%)

Short Float %3.58%

Short Ratio3.7

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)19.09%

Min EPS beat(2)10.29%

Max EPS beat(2)27.88%

EPS beat(4)4

Avg EPS beat(4)14.23%

Min EPS beat(4)2.94%

Max EPS beat(4)27.88%

EPS beat(8)8

Avg EPS beat(8)57.21%

EPS beat(12)11

Avg EPS beat(12)228.17%

EPS beat(16)14

Avg EPS beat(16)277.01%

Revenue beat(2)2

Avg Revenue beat(2)0.89%

Min Revenue beat(2)0.66%

Max Revenue beat(2)1.12%

Revenue beat(4)3

Avg Revenue beat(4)0.77%

Min Revenue beat(4)-1.54%

Max Revenue beat(4)2.84%

Revenue beat(8)4

Avg Revenue beat(8)0.02%

Revenue beat(12)6

Avg Revenue beat(12)0.14%

Revenue beat(16)9

Avg Revenue beat(16)0.7%

PT rev (1m)3.7%

PT rev (3m)23.67%

EPS NQ rev (1m)16.17%

EPS NQ rev (3m)3.72%

EPS NY rev (1m)5.85%

EPS NY rev (3m)8.86%

Revenue NQ rev (1m)3.26%

Revenue NQ rev (3m)5.51%

Revenue NY rev (1m)1.48%

Revenue NY rev (3m)2.19%

Valuation

		Industry Rank	Sector Rank
PE	12.44
Fwd PE	10.42
P/S	1.1
P/FCF	N/A
P/OCF	N/A
P/B	1.62
P/tB	1.62
EV/EBITDA	N/A

EPS(TTM)7.77

EY8.04%

EPS(NY)9.27

Fwd EY9.59%

FCF(TTM)N/A

FCFYN/A

OCF(TTM)N/A

OCFYN/A

SpS87.48

BVpS59.73

TBVpS59.73

PEG (NY)0.64

PEG (5Y)2.82

Profitability

		Industry Rank	Sector Rank
ROA	4.52%
ROE	13.41%
ROCE	8.66%
ROIC	6.93%
ROICexc	8.06%
ROICexgc	8.06%
OM	14.02%
PM (TTM)	9.15%
GM	74.74%
FCFM	N/A

ROA(3y)2%

ROA(5y)1.49%

ROE(3y)6.05%

ROE(5y)4.54%

ROIC(3y)3.57%

ROIC(5y)N/A

ROICexc(3y)4.28%

ROICexc(5y)N/A

ROICexgc(3y)4.28%

ROICexgc(5y)N/A

ROCE(3y)4.47%

ROCE(5y)N/A

ROICexcg growth 3YN/A

ROICexcg growth 5Y-0.34%

ROICexc growth 3YN/A

ROICexc growth 5Y-0.34%

OM growth 3YN/A

OM growth 5Y-4.85%

PM growth 3Y30.45%

PM growth 5Y-4.37%

GM growth 3Y7.76%

GM growth 5Y0.68%

F-ScoreN/A

Asset Turnover0.49

Health

		Industry Rank	Sector Rank
Debt/Equity	0.89
Debt/FCF	N/A
Debt/EBITDA	N/A
Cap/Depr	N/A
Cap/Sales	N/A
Interest Coverage	N/A
Cash Conversion	N/A
Profit Quality	N/A
Current Ratio	0.78
Quick Ratio	0.78
Altman-Z	N/A

F-ScoreN/A

WACC8.67%

ROIC/WACC0.8

Cap/Depr(3y)N/A

Cap/Depr(5y)N/A

Cap/Sales(3y)N/A

Cap/Sales(5y)N/A

Profit Quality(3y)N/A

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)793.1%

EPS 3Y30.83%

EPS 5Y4.42%

EPS Q2Q%457.14%

EPS Next Y19.33%

EPS Next 2Y15.47%

EPS Next 3Y17.32%

EPS Next 5YN/A

Revenue 1Y (TTM)20.19%

Revenue growth 3Y9.14%

Revenue growth 5Y3.49%

Sales Q2Q%25.62%

Revenue Next Year9.83%

Revenue Next 2Y7.51%

Revenue Next 3Y8.26%

Revenue Next 5YN/A

EBIT growth 1Y375.07%

EBIT growth 3YN/A

EBIT growth 5Y-1.53%

EBIT Next Year105.5%

EBIT Next 3Y35.93%

EBIT Next 5YN/A

FCF growth 1YN/A

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1YN/A

OCF growth 3YN/A

OCF growth 5YN/A

SKYWEST INC (SKYW) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

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4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

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5. Dividend

5.1 Amount

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