Company Valuation: Alaska Air Group, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 6,529 5,446 5,003 8,220 5,834 4,440 - -
Change - -16.58% -8.14% 64.29% -29.02% -23.89% - -
Enterprise Value (EV) 1 7,499 6,904 7,030 10,649 9,266 9,177 8,861 8,196
Change - -7.92% 1.82% 51.47% -12.98% -0.97% -3.45% -7.5%
P/E ratio 13.8x 95.4x 21.3x 21x 60.6x -30.3x 6.58x 4.97x
PBR 1.73x 1.44x 1.2x 1.82x 1.41x 1.1x 0.92x 0.74x
PEG - -1.1x 0x 0.3x -0.8x 0x -0x 0.2x
Capitalization / Revenue 1.06x 0.56x 0.48x 0.7x 0.41x 0.28x 0.27x 0.25x
EV / Revenue 1.21x 0.72x 0.67x 0.91x 0.65x 0.58x 0.53x 0.46x
EV / EBITDA 20.8x 4.82x 4.65x 6.45x 5.81x 8.51x 3.79x 3.35x
EV / EBIT -26.1x 9.51x 8.24x 12.4x 16.8x -2,179x 7.76x 5.87x
EV / FCF 10.2x -27.3x -15.8x 58.2x -27.3x -24.8x 16.6x 8.92x
FCF Yield 9.84% -3.66% -6.32% 1.72% -3.66% -4.03% 6.03% 11.2%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 3.77 0.45 1.83 3.08 0.83 -1.313 6.053 8.025
Distribution rate - - - - - - - -
Net sales 1 6,176 9,646 10,426 11,735 14,239 15,761 16,703 17,753
EBITDA 1 361 1,432 1,512 1,651 1,595 1,079 2,341 2,450
EBIT 1 -287 726 853 861 550 -4.211 1,142 1,396
Net income 1 478 58 235 395 100 -84 669.6 878.8
Net Debt 1 970 1,458 2,027 2,429 3,432 4,736 4,420 3,755
Reference price 2 52.10 42.94 39.07 64.75 50.30 39.85 39.85 39.85
Nbr of stocks (in thousands) 125,311 126,838 128,053 126,945 115,989 111,429 - -
Announcement Date 1/27/22 1/26/23 1/25/24 1/22/25 1/22/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-27.57x0.56x8.13x-.--% 4.03B
14.42x0.84x7.22x1.14% 44.28B
9.09x0.69x6.02x-.--% 28.93B
10.87x1.37x5.67x2.08% 27.21B
7.71x0.72x3.5x2.35% 22.72B
-299.84x2.25x11.9x0.24% 16.89B
24.64x1.11x5.49x3.97% 16.06B
8.55x1.07x4.41x3.49% 13.31B
-106.74x1.52x8.71x-.--% 12.84B
311.33x1.7x9.13x-.--% 12.67B
Average -4.75x 1.18x 7.02x 1.33% 19.9B
Weighted average by Cap. -3.62x 1.13x 6.71x 1.38%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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