Company Valuation: Alaska Air Group, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,529 5,446 5,003 8,220 5,834 5,223 - -
Change - -16.58% -8.14% 64.29% -29.02% -10.48% - -
Enterprise Value (EV) 1 7,499 6,904 7,030 10,649 9,266 9,992 9,579 8,613
Change - -7.92% 1.82% 51.47% -12.98% 7.83% -4.14% -10.08%
P/E 13.8x 95.4x 21.3x 21x 60.6x -141x 7.3x 5.82x
PBR 1.73x 1.44x 1.2x 1.82x 1.41x 1.27x 1.06x 0.83x
PEG - -1.1x 0x 0.3x -0.8x 1x -0x 0.2x
Capitalization / Revenue 1.06x 0.56x 0.48x 0.7x 0.41x 0.33x 0.31x 0.29x
EV / Revenue 1.21x 0.72x 0.67x 0.91x 0.65x 0.63x 0.57x 0.48x
EV / EBITDA 20.8x 4.82x 4.65x 6.45x 5.81x 7.9x 4.04x 3.49x
EV / EBIT -26.1x 9.51x 8.24x 12.4x 16.8x 52.8x 7.91x 5.98x
EV / FCF 10.2x -27.3x -15.8x 58.2x -27.3x -32x 16.8x 9.07x
FCF Yield 9.84% -3.66% -6.32% 1.72% -3.66% -3.12% 5.94% 11%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 3.77 0.45 1.83 3.08 0.83 -0.3333 6.417 8.05
Distribution rate - - - - - - - -
Net sales 1 6,176 9,646 10,426 11,735 14,239 15,806 16,761 17,816
EBITDA 1 361 1,432 1,512 1,651 1,595 1,265 2,372 2,470
EBIT 1 -287 726 853 861 550 189.1 1,212 1,440
Net income 1 478 58 235 395 100 0.7981 716.6 889
Net Debt 1 970 1,458 2,027 2,429 3,432 4,769 4,356 3,390
Reference price 2 52.10 42.94 39.07 64.75 50.30 46.87 46.87 46.87
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, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-140.61x0.63x7.9x-.--% 5.22B
13.87x0.98x7.37x0.89% 55.93B
10.56x0.85x6.71x-.--% 39.06B
13.72x1.53x6.71x1.77% 31.68B
9.21x0.84x4.02x1.94% 27.13B
-358.42x2.65x14x0.2% 20.56B
29.25x1.23x6.25x3.43% 18.61B
-13.63x1.54x9.96x-.--% 13.46B
8.62x0.41x4.04x3.49% 12.53B
-119.83x1.5x8.5x-.--% 12.03B
Average -54.73x 1.22x 7.55x 1.17% 23.62B
Weighted average by Cap. -30.50x 1.20x 7.32x 1.14%

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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