Financials Southwest Airlines Co.

Equities

LUV

US8447411088

Airlines

Market Closed - Nyse 04:00:02 2024-04-12 pm EDT 5-day change 1st Jan Change
27.54 USD -3.44% Intraday chart for Southwest Airlines Co. -2.82% -4.64%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 28,408 27,513 25,358 19,992 17,216 16,476 - -
Enterprise Value (EV) 1 27,001 24,510 20,581 15,788 13,749 14,135 13,162 13,678
P/E ratio 12.6 x -8.57 x 26.6 x 38.7 x 35.7 x 20.8 x 12.9 x 10.9 x
Yield 1.3% 0.39% - - - 2.7% 2.76% 2.93%
Capitalization / Revenue 1.27 x 3.04 x 1.61 x 0.84 x 0.66 x 0.58 x 0.54 x 0.52 x
EV / Revenue 1.2 x 2.71 x 1.3 x 0.66 x 0.53 x 0.5 x 0.44 x 0.43 x
EV / EBITDA 6.47 x -6.49 x -2,287 x 6.39 x 5.68 x 5.7 x 3.99 x 3.62 x
EV / FCF 9.12 x -14.9 x 11.3 x -118 x -38.6 x -19 x 77.4 x 34.3 x
FCF Yield 11% -6.7% 8.83% -0.85% -2.59% -5.25% 1.29% 2.92%
Price to Book 2.95 x 2.97 x 2.44 x 1.87 x - 1.55 x 1.4 x 1.15 x
Nbr of stocks (in thousands) 526,276 590,273 591,920 593,752 596,115 598,255 - -
Reference price 2 53.98 46.61 42.84 33.67 28.88 27.54 27.54 27.54
Announcement Date 1/23/20 1/28/21 1/27/22 1/26/23 1/25/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 22,428 9,048 15,790 23,814 26,091 28,388 30,245 31,886
EBITDA 1 4,176 -3,777 -9 2,471 2,422 2,478 3,300 3,775
EBIT 1 2,957 -5,032 -1,281 1,120 900 860.1 1,639 1,999
Operating Margin 13.18% -55.61% -8.11% 4.7% 3.45% 3.03% 5.42% 6.27%
Earnings before Tax (EBT) 1 2,957 -4,256 1,325 728 676 1,103 1,621 2,154
Net income 1 2,300 -3,074 977 539 498 834.4 1,350 1,605
Net margin 10.26% -33.97% 6.19% 2.26% 1.91% 2.94% 4.46% 5.03%
EPS 2 4.270 -5.440 1.610 0.8700 0.8100 1.326 2.141 2.536
Free Cash Flow 1 2,960 -1,642 1,817 -134 -356 -742 170 399
FCF margin 13.2% -18.15% 11.51% -0.56% -1.36% -2.61% 0.56% 1.25%
FCF Conversion (EBITDA) 70.88% - - - - - 5.15% 10.57%
FCF Conversion (Net income) 128.7% - 185.98% - - - 12.59% 24.86%
Dividend per Share 2 0.7000 0.1800 - - - 0.7429 0.7614 0.8060
Announcement Date 1/23/20 1/28/21 1/27/22 1/26/23 1/25/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 4,679 5,051 4,694 6,728 6,220 6,172 5,706 7,037 6,525 6,822 6,424 7,610 7,105 7,278 6,973
EBITDA 1 263 532 189 1,483 760 23 81 1,174 599 592 54.35 904.5 714.8 759.4 -
EBIT 1 -59 209 -135 1,158 425 -344 -284 807 224 177 -361 543.5 286.2 336.6 -
Operating Margin -1.26% 4.14% -2.88% 17.21% 6.83% -5.57% -4.98% 11.47% 3.43% 2.59% -5.62% 7.14% 4.03% 4.63% -
Earnings before Tax (EBT) 1 600 78 -376 1,036 353 -286 -205 886 237 -243 -278.4 618.5 342.8 320 -
Net income 1 446 68 -278 760 277 -220 -159 683 193 -219 -214.6 486.6 261 275.5 -
Net margin 9.53% 1.35% -5.92% 11.3% 4.45% -3.56% -2.79% 9.71% 2.96% -3.21% -3.34% 6.39% 3.67% 3.78% -
EPS 2 0.7300 0.1100 -0.4700 1.200 0.4400 -0.3700 -0.2700 1.080 0.3100 -0.3700 -0.3517 0.7617 0.4083 0.4900 -
Dividend per Share 2 - - - - - - 0.1800 0.1800 - - 0.1867 0.1933 0.1933 0.1933 0.1800
Announcement Date 10/21/21 1/27/22 4/28/22 7/28/22 10/27/22 1/26/23 4/27/23 7/27/23 10/26/23 1/25/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 1,407 3,003 4,777 4,204 3,467 2,341 3,314 2,798
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 2,960 -1,642 1,817 -134 -356 -742 170 399
ROE (net income / shareholders' equity) 23.4% -37.5% -13.2% 6.85% 9.29% 8.74% 12.7% 14.3%
ROA (Net income/ Total Assets) 8.82% -10.2% -3.58% 2.02% 2.74% 2.08% 4.08% 5.13%
Assets 1 26,069 30,241 -27,253 26,723 18,146 40,095 33,053 31,303
Book Value Per Share 2 18.30 15.70 17.60 18.00 - 17.80 19.70 24.00
Cash Flow per Share 2 7.400 -1.990 3.810 5.900 4.940 4.030 5.650 6.310
Capex 1 1,027 515 505 3,924 3,520 3,557 3,815 3,708
Capex / Sales 4.58% 5.69% 3.2% 16.48% 13.49% 12.53% 12.61% 11.63%
Announcement Date 1/23/20 1/28/21 1/27/22 1/26/23 1/25/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
20
Last Close Price
27.54 USD
Average target price
29.21 USD
Spread / Average Target
+6.05%
Consensus
  1. Stock Market
  2. Equities
  3. LUV Stock
  4. Financials Southwest Airlines Co.