SUN COUNTRY AIRLINES HOLDING (SNCY) Stock Fundamental Analysis
NASDAQ:SNCY - Nasdaq - US8666831057 - Common Stock - Currency: USD
Overall SNCY gets a fundamental rating of 6 out of 10. We evaluated SNCY against 23 industry peers in the Passenger Airlines industry. SNCY has only an average score on both its financial health and profitability. A decent growth rate in combination with a cheap valuation! Better keep an eye on SNCY. These ratings could make SNCY a good candidate for value investing.
1. Profitability
1.1 Basic Checks
In the past year SNCY was profitable.
In the past year SNCY had a positive cash flow from operations.
SNCY had positive earnings in 4 of the past 5 years.
SNCY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.25%, SNCY is in the better half of the industry, outperforming 69.57% of the companies in the same industry.
With a decent Return On Equity value of 9.28%, SNCY is doing good in the industry, outperforming 69.57% of the companies in the same industry.
SNCY's Return On Invested Capital of 6.70% is fine compared to the rest of the industry. SNCY outperforms 65.22% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SNCY is below the industry average of 8.77%.
The 3 year average ROIC (6.16%) for SNCY is below the current ROIC(6.70%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.25% | ||
| ROE | 9.28% | ||
| ROIC | 6.7% |
ROA(3y)2.95%
ROA(5y)2.87%
ROE(3y)8.97%
ROE(5y)8.42%
ROIC(3y)6.16%
ROIC(5y)N/A
1.3 Margins
The Profit Margin of SNCY (4.92%) is better than 69.57% of its industry peers.
In the last couple of years the Profit Margin of SNCY has declined.
SNCY has a Operating Margin of 9.85%. This is in the better half of the industry: SNCY outperforms 78.26% of its industry peers.
SNCY's Operating Margin has declined in the last couple of years.
With a decent Gross Margin value of 66.03%, SNCY is doing good in the industry, outperforming 78.26% of the companies in the same industry.
SNCY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.85% | ||
| PM (TTM) | 4.92% | ||
| GM | 66.03% |
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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SNCY is destroying value.
The number of shares outstanding for SNCY has been reduced compared to 1 year ago.
The number of shares outstanding for SNCY has been reduced compared to 5 years ago.
SNCY has a better debt/assets ratio than last year.
2.2 Solvency
SNCY has an Altman-Z score of 1.39. This is a bad value and indicates that SNCY is not financially healthy and even has some risk of bankruptcy.
SNCY has a Altman-Z score of 1.39. This is in the better half of the industry: SNCY outperforms 73.91% of its industry peers.
SNCY has a debt to FCF ratio of 5.09. This is a neutral value as SNCY would need 5.09 years to pay back of all of its debts.
SNCY's Debt to FCF ratio of 5.09 is amongst the best of the industry. SNCY outperforms 91.30% of its industry peers.
A Debt/Equity ratio of 0.86 indicates that SNCY is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.86, SNCY is in the better half of the industry, outperforming 73.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 5.09 | ||
| Altman-Z | 1.39 |
ROIC/WACC0.71
WACC9.37%
2.3 Liquidity
SNCY has a Current Ratio of 0.63. This is a bad value and indicates that SNCY is not financially healthy enough and could expect problems in meeting its short term obligations.
SNCY has a Current ratio of 0.63. This is comparable to the rest of the industry: SNCY outperforms 47.83% of its industry peers.
A Quick Ratio of 0.61 indicates that SNCY may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.61, SNCY is in line with its industry, outperforming 52.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
SNCY shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -21.64%.
SNCY shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.48% yearly.
SNCY shows a small growth in Revenue. In the last year, the Revenue has grown by 2.49%.
Measured over the past years, SNCY shows a quite strong growth in Revenue. The Revenue has been growing by 8.93% on average per year.
EPS 1Y (TTM)-21.64%
EPS 3Y50.18%
EPS 5Y3.48%
EPS Q2Q%125%
Revenue 1Y (TTM)2.49%
Revenue growth 3Y19.97%
Revenue growth 5Y8.93%
Sales Q2Q%6.05%
3.2 Future
SNCY is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 45.74% yearly.
SNCY is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.11% yearly.
EPS Next Y83.18%
EPS Next 2Y56.9%
EPS Next 3Y45.74%
EPS Next 5YN/A
Revenue Next Year8.68%
Revenue Next 2Y9.22%
Revenue Next 3Y9.11%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 15.93, SNCY is valued correctly.
65.22% of the companies in the same industry are more expensive than SNCY, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 29.63. SNCY is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 8.70 indicates a reasonable valuation of SNCY.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SNCY indicates a somewhat cheap valuation: SNCY is cheaper than 73.91% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.68, SNCY is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.93 | ||
| Fwd PE | 8.7 |
4.2 Price Multiples
SNCY's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. SNCY is cheaper than 95.65% of the companies in the same industry.
SNCY's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SNCY is cheaper than 86.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.54 | ||
| EV/EBITDA | 5.88 |
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.
SNCY has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as SNCY's earnings are expected to grow with 45.74% in the coming years.
PEG (NY)0.19
PEG (5Y)4.58
EPS Next 2Y56.9%
EPS Next 3Y45.74%
5. Dividend
5.1 Amount
SNCY does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
16.73
-1.44 (-7.93%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners107.82%
Inst Owner Change-92.84%
Ins Owners4.78%
Ins Owner Change6.43%
Market Cap885.69M
Analysts80
Price Target21.42 (28.03%)
Short Float %9.33%
Short Ratio4.64
Dividend
| Industry Rank | Sector 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)2
Avg EPS beat(2)19.59%
Min EPS beat(2)5.04%
Max EPS beat(2)34.14%
EPS beat(4)3
Avg EPS beat(4)12.83%
Min EPS beat(4)-5.52%
Max EPS beat(4)34.14%
EPS beat(8)5
Avg EPS beat(8)26.64%
EPS beat(12)7
Avg EPS beat(12)24.16%
EPS beat(16)11
Avg EPS beat(16)76.97%
Revenue beat(2)0
Avg Revenue beat(2)-1.57%
Min Revenue beat(2)-2.35%
Max Revenue beat(2)-0.79%
Revenue beat(4)0
Avg Revenue beat(4)-2.43%
Min Revenue beat(4)-3.44%
Max Revenue beat(4)-0.79%
Revenue beat(8)1
Avg Revenue beat(8)-1.59%
Revenue beat(12)2
Avg Revenue beat(12)-1.23%
Revenue beat(16)5
Avg Revenue beat(16)-0.04%
PT rev (1m)10.53%
PT rev (3m)12.75%
EPS NQ rev (1m)-10.02%
EPS NQ rev (3m)5.71%
EPS NY rev (1m)0.18%
EPS NY rev (3m)-2.78%
Revenue NQ rev (1m)0.39%
Revenue NQ rev (3m)-2.08%
Revenue NY rev (1m)1.36%
Revenue NY rev (3m)0.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.93 | ||
| Fwd PE | 8.7 | ||
| P/S | 0.82 | ||
| P/FCF | 7.54 | ||
| P/OCF | 5.37 | ||
| P/B | 1.55 | ||
| P/tB | 3.28 | ||
| EV/EBITDA | 5.88 |
EPS(TTM)1.05
EY6.28%
EPS(NY)1.92
Fwd EY11.5%
FCF(TTM)2.22
FCFY13.27%
OCF(TTM)3.11
OCFY18.61%
SpS20.32
BVpS10.77
TBVpS5.11
PEG (NY)0.19
PEG (5Y)4.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.25% | ||
| ROE | 9.28% | ||
| ROCE | 8.77% | ||
| ROIC | 6.7% | ||
| ROICexc | 7.93% | ||
| ROICexgc | 11.23% | ||
| OM | 9.85% | ||
| PM (TTM) | 4.92% | ||
| GM | 66.03% | ||
| FCFM | 10.93% |
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-Score7
Asset Turnover0.66
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 5.09 | ||
| Debt/EBITDA | 2.42 | ||
| Cap/Depr | 48.95% | ||
| Cap/Sales | 4.4% | ||
| Interest Coverage | 2.48 | ||
| Cash Conversion | 81.34% | ||
| Profit Quality | 222.16% | ||
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | 1.39 |
F-Score7
WACC9.37%
ROIC/WACC0.71
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)-21.64%
EPS 3Y50.18%
EPS 5Y3.48%
EPS Q2Q%125%
EPS Next Y83.18%
EPS Next 2Y56.9%
EPS Next 3Y45.74%
EPS Next 5YN/A
Revenue 1Y (TTM)2.49%
Revenue growth 3Y19.97%
Revenue growth 5Y8.93%
Sales Q2Q%6.05%
Revenue Next Year8.68%
Revenue Next 2Y9.22%
Revenue Next 3Y9.11%
Revenue Next 5YN/A
EBIT growth 1Y-16.89%
EBIT growth 3Y38.96%
EBIT growth 5Y4.46%
EBIT Next Year151%
EBIT Next 3Y63.46%
EBIT Next 5YN/A
FCF growth 1Y366.87%
FCF growth 3Y48.9%
FCF growth 5YN/A
OCF growth 1Y-5.32%
OCF growth 3Y2.74%
OCF growth 5Y21.1%