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SUN COUNTRY AIRLINES HOLDING (SNCY) Stock Fundamental Analysis

NASDAQ:SNCY - Nasdaq - US8666831057 - Common Stock - Currency: USD

12.58  +0.11 (+0.88%)

After market: 12.58 0 (0%)

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to SNCY. SNCY was compared to 22 industry peers in the Passenger Airlines industry. While SNCY belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. SNCY scores decently on growth, while it is valued quite cheap. This could make an interesting combination. These ratings would make SNCY suitable for value investing!


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

In the past year SNCY was profitable.
SNCY had a positive operating cash flow in the past year.
SNCY had positive earnings in 4 of the past 5 years.
Each year in the past 5 years SNCY had a positive operating cash flow.
SNCY Yearly Net Income VS EBIT VS OCF VS FCFSNCY 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 50M -50M 100M 150M

1.2 Ratios

SNCY's Return On Assets of 3.40% is fine compared to the rest of the industry. SNCY outperforms 72.73% of its industry peers.
SNCY has a better Return On Equity (8.98%) than 63.64% of its industry peers.
With a decent Return On Invested Capital value of 6.87%, SNCY is doing good in the industry, outperforming 68.18% of the companies in the same industry.
SNCY had an Average Return On Invested Capital over the past 3 years of 6.16%. This is below the industry average of 8.55%.
The last Return On Invested Capital (6.87%) for SNCY is above the 3 year average (6.16%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.4%
ROE 8.98%
ROIC 6.87%
ROA(3y)2.95%
ROA(5y)2.87%
ROE(3y)8.97%
ROE(5y)8.42%
ROIC(3y)6.16%
ROIC(5y)N/A
SNCY Yearly ROA, ROE, ROICSNCY Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 5 10 15

1.3 Margins

The Profit Margin of SNCY (4.96%) is better than 72.73% of its industry peers.
In the last couple of years the Profit Margin of SNCY has declined.
The Operating Margin of SNCY (9.98%) is better than 81.82% of its industry peers.
In the last couple of years the Operating Margin of SNCY has declined.
SNCY has a better Gross Margin (66.64%) than 81.82% of its industry peers.
In the last couple of years the Gross Margin of SNCY has grown nicely.
Industry RankSector Rank
OM 9.98%
PM (TTM) 4.96%
GM 66.64%
OM growth 3Y15.83%
OM growth 5Y-4.1%
PM growth 3Y-27.74%
PM growth 5Y-5.64%
GM growth 3Y1.33%
GM growth 5Y2.66%
SNCY Yearly Profit, Operating, Gross MarginsSNCY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

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5

2. Health

2.1 Basic Checks

SNCY has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for SNCY has been reduced compared to 1 year ago.
Compared to 5 years ago, SNCY has less shares outstanding
SNCY has a better debt/assets ratio than last year.
SNCY Yearly Shares OutstandingSNCY Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
SNCY Yearly Total Debt VS Total AssetsSNCY Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

Based on the Altman-Z score of 1.37, we must say that SNCY is in the distress zone and has some risk of bankruptcy.
SNCY has a better Altman-Z score (1.37) than 68.18% of its industry peers.
The Debt to FCF ratio of SNCY is 4.93, which is a neutral value as it means it would take SNCY, 4.93 years of fcf income to pay off all of its debts.
SNCY's Debt to FCF ratio of 4.93 is amongst the best of the industry. SNCY outperforms 86.36% of its industry peers.
A Debt/Equity ratio of 0.77 indicates that SNCY is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.77, SNCY is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.77
Debt/FCF 4.93
Altman-Z 1.37
ROIC/WACC0.74
WACC9.27%
SNCY Yearly LT Debt VS Equity VS FCFSNCY Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 200M 400M

2.3 Liquidity

A Current Ratio of 0.63 indicates that SNCY may have some problems paying its short term obligations.
The Current ratio of SNCY (0.63) is comparable to the rest of the industry.
A Quick Ratio of 0.60 indicates that SNCY may have some problems paying its short term obligations.
The Quick ratio of SNCY (0.60) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.63
Quick Ratio 0.6
SNCY Yearly Current Assets VS Current LiabilitesSNCY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

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6

3. Growth

3.1 Past

SNCY shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -15.91%.
The Earnings Per Share has been growing slightly by 3.48% on average over the past years.
SNCY shows a small growth in Revenue. In the last year, the Revenue has grown by 2.24%.
The Revenue has been growing by 8.93% on average over the past years. This is quite good.
EPS 1Y (TTM)-15.91%
EPS 3Y50.18%
EPS 5Y3.48%
EPS Q2Q%9.09%
Revenue 1Y (TTM)2.24%
Revenue growth 3Y19.97%
Revenue growth 5Y8.93%
Sales Q2Q%4.87%

3.2 Future

SNCY is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 36.66% yearly.
The Revenue is expected to grow by 8.36% on average over the next years. This is quite good.
EPS Next Y38.25%
EPS Next 2Y43.85%
EPS Next 3Y36.66%
EPS Next 5YN/A
Revenue Next Year4.57%
Revenue Next 2Y7.66%
Revenue Next 3Y8.36%
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 stable.
SNCY Yearly Revenue VS EstimatesSNCY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
SNCY Yearly EPS VS EstimatesSNCY Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2 2.5

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9

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 11.33, which indicates a very decent valuation of SNCY.
77.27% of the companies in the same industry are more expensive than SNCY, based on the Price/Earnings ratio.
SNCY is valuated cheaply when we compare the Price/Earnings ratio to 27.45, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 5.79, which indicates a rather cheap valuation of SNCY.
SNCY's Price/Forward Earnings ratio is rather cheap when compared to the industry. SNCY is cheaper than 90.91% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.90, SNCY is valued rather cheaply.
Industry RankSector Rank
PE 11.33
Fwd PE 5.79
SNCY Price Earnings VS Forward Price EarningsSNCY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

68.18% of the companies in the same industry are more expensive than SNCY, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, SNCY is valued cheaper than 81.82% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.7
EV/EBITDA 4.76
SNCY Per share dataSNCY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

SNCY's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SNCY has a very decent profitability rating, which may justify a higher PE ratio.
SNCY's earnings are expected to grow with 36.66% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.3
PEG (5Y)3.26
EPS Next 2Y43.85%
EPS Next 3Y36.66%

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0

5. Dividend

5.1 Amount

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

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SUN COUNTRY AIRLINES HOLDING

NASDAQ:SNCY (7/3/2025, 8:09:52 PM)

After market: 12.58 0 (0%)

12.58

+0.11 (+0.88%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)05-01 2025-05-01/amc
Earnings (Next)07-30 2025-07-30/amc
Inst Owners112.32%
Inst Owner Change3.4%
Ins Owners4.3%
Ins Owner Change21.41%
Market Cap669.38M
Analysts80
Price Target16.61 (32.03%)
Short Float %7.49%
Short Ratio3.43
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)16.86%
Min EPS beat(2)-0.42%
Max EPS beat(2)34.14%
EPS beat(4)3
Avg EPS beat(4)14.1%
Min EPS beat(4)-0.42%
Max EPS beat(4)34.14%
EPS beat(8)4
Avg EPS beat(8)24.23%
EPS beat(12)7
Avg EPS beat(12)24.21%
EPS beat(16)10
Avg EPS beat(16)72.68%
Revenue beat(2)0
Avg Revenue beat(2)-1.85%
Min Revenue beat(2)-2.91%
Max Revenue beat(2)-0.79%
Revenue beat(4)0
Avg Revenue beat(4)-2.3%
Min Revenue beat(4)-3.15%
Max Revenue beat(4)-0.79%
Revenue beat(8)0
Avg Revenue beat(8)-2.17%
Revenue beat(12)2
Avg Revenue beat(12)-1.42%
Revenue beat(16)4
Avg Revenue beat(16)-0.75%
PT rev (1m)-2.77%
PT rev (3m)-21.04%
EPS NQ rev (1m)-19.56%
EPS NQ rev (3m)-62.45%
EPS NY rev (1m)-4.44%
EPS NY rev (3m)-19.04%
Revenue NQ rev (1m)-0.47%
Revenue NQ rev (3m)-4.9%
Revenue NY rev (1m)-0.35%
Revenue NY rev (3m)-3.78%
Valuation
Industry RankSector Rank
PE 11.33
Fwd PE 5.79
P/S 0.61
P/FCF 5.7
P/OCF 4.45
P/B 1.11
P/tB 2.2
EV/EBITDA 4.76
EPS(TTM)1.11
EY8.82%
EPS(NY)2.17
Fwd EY17.27%
FCF(TTM)2.21
FCFY17.56%
OCF(TTM)2.83
OCFY22.49%
SpS20.5
BVpS11.33
TBVpS5.72
PEG (NY)0.3
PEG (5Y)3.26
Profitability
Industry RankSector Rank
ROA 3.4%
ROE 8.98%
ROCE 9%
ROIC 6.87%
ROICexc 7.91%
ROICexgc 11.06%
OM 9.98%
PM (TTM) 4.96%
GM 66.64%
FCFM 10.77%
ROA(3y)2.95%
ROA(5y)2.87%
ROE(3y)8.97%
ROE(5y)8.42%
ROIC(3y)6.16%
ROIC(5y)N/A
ROICexc(3y)7.45%
ROICexc(5y)N/A
ROICexgc(3y)10.79%
ROICexgc(5y)N/A
ROCE(3y)8.07%
ROCE(5y)N/A
ROICexcg growth 3Y20.66%
ROICexcg growth 5Y-13.64%
ROICexc growth 3Y27.21%
ROICexc growth 5Y-6.14%
OM growth 3Y15.83%
OM growth 5Y-4.1%
PM growth 3Y-27.74%
PM growth 5Y-5.64%
GM growth 3Y1.33%
GM growth 5Y2.66%
F-Score8
Asset Turnover0.69
Health
Industry RankSector Rank
Debt/Equity 0.77
Debt/FCF 4.93
Debt/EBITDA 2.26
Cap/Depr 33.82%
Cap/Sales 3.03%
Interest Coverage 250
Cash Conversion 72.9%
Profit Quality 217.14%
Current Ratio 0.63
Quick Ratio 0.6
Altman-Z 1.37
F-Score8
WACC9.27%
ROIC/WACC0.74
Cap/Depr(3y)190.26%
Cap/Depr(5y)196.53%
Cap/Sales(3y)15.4%
Cap/Sales(5y)17.77%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-15.91%
EPS 3Y50.18%
EPS 5Y3.48%
EPS Q2Q%9.09%
EPS Next Y38.25%
EPS Next 2Y43.85%
EPS Next 3Y36.66%
EPS Next 5YN/A
Revenue 1Y (TTM)2.24%
Revenue growth 3Y19.97%
Revenue growth 5Y8.93%
Sales Q2Q%4.87%
Revenue Next Year4.57%
Revenue Next 2Y7.66%
Revenue Next 3Y8.36%
Revenue Next 5YN/A
EBIT growth 1Y-14.22%
EBIT growth 3Y38.96%
EBIT growth 5Y4.46%
EBIT Next Year118.36%
EBIT Next 3Y44.17%
EBIT Next 5YN/A
FCF growth 1Y236.5%
FCF growth 3Y48.9%
FCF growth 5YN/A
OCF growth 1Y-4.16%
OCF growth 3Y2.74%
OCF growth 5Y21.1%