SPICEJET LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 61.96 INR | +0.02% |
|
+0.03% | +3.18% |
| Apr. 02 | Spicejet Limited Announces Significant Settlement with Export Development Canada | CI |
| Mar. 26 | Indian Equities Slip into Red, Weighed Down by Media, IT and Banking Stocks | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 58,622 | 22,143 | 41,765 | 32,708 | 18,242 | 48,540 | - | - |
| Enterprise Value (EV) 1 | 67,586 | 120,010 | 127,934 | 115,402 | 91,383 | 109,453 | 101,756 | 102,068 |
| P/E ratio | -18.5 x | -2.37 x | -4.18 x | -1.89 x | -1.22 x | -5.56 x | -14.1 x | 95.4 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.64 x | 0.18 x | 0.81 x | 0.5 x | 0.21 x | 0.59 x | 0.51 x | 0.44 x |
| EV / Revenue | 0.74 x | 0.97 x | 2.49 x | 1.76 x | 1.03 x | 1.33 x | 1.07 x | 0.93 x |
| EV / EBITDA | 5.02 x | 14 x | 30.3 x | -34.4 x | -14.1 x | 7.88 x | 6.05 x | 4.65 x |
| EV / FCF | 26.5 x | 7.66 x | 42.6 x | 12.2 x | 115 x | -7.4 x | 9.03 x | 6.28 x |
| FCF Yield | 3.77% | 13.1% | 2.35% | 8.23% | 0.87% | -13.5% | 11.1% | 15.9% |
| Price to Book | -16.7 x | -1.4 x | -1.62 x | -0.76 x | -0.56 x | -0.62 x | -0.68 x | -0.8 x |
| Nbr of stocks (in thousands) | 599,718 | 600,076 | 600,937 | 601,797 | 601,846 | 783,405 | - | - |
| Reference price 2 | 97.75 | 36.90 | 69.50 | 54.35 | 30.31 | 61.96 | 61.96 | 61.96 |
| Announcement Date | 5/28/19 | 7/29/20 | 6/30/21 | 8/31/22 | 8/14/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 91,132 | 123,586 | 51,334 | 65,573 | 88,688 | 82,529 | 95,114 | 109,605 |
| EBITDA 1 | 13,451 | 8,594 | 4,228 | -3,351 | -6,485 | 13,885 | 16,827 | 21,930 |
| EBIT 1 | -2,661 | -12,375 | -13,837 | -22,167 | -20,434 | -2,005 | 1,705 | 10,844 |
| Operating Margin | -2.92% | -10.01% | -26.95% | -33.81% | -23.04% | -2.43% | 1.79% | 9.89% |
| Earnings before Tax (EBT) 1 | -3,161 | -9,348 | -9,983 | -17,255 | -15,030 | -12,136 | -10,657 | -7,033 |
| Net income 1 | -3,161 | -9,348 | -9,983 | -17,255 | -15,030 | -12,136 | -10,657 | -7,033 |
| Net margin | -3.47% | -7.56% | -19.45% | -26.31% | -16.95% | -14.71% | -11.2% | -6.42% |
| EPS 2 | -5.270 | -15.58 | -16.61 | -28.69 | -24.90 | -11.14 | -4.398 | 0.6493 |
| Free Cash Flow 1 | 2,547 | 15,674 | 3,006 | 9,496 | 796.1 | -14,796 | 11,273 | 16,248 |
| FCF margin | 2.79% | 12.68% | 5.86% | 14.48% | 0.9% | -17.93% | 11.85% | 14.82% |
| FCF Conversion (EBITDA) | 18.93% | 182.39% | 71.1% | - | - | - | 66.99% | 74.09% |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 5/28/19 | 7/29/20 | 6/30/21 | 8/31/22 | 8/14/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: Marzo | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 16,866 | 18,771 | 10,897 | 13,426 | 22,593 | 18,657 | 24,568 | 19,526 | 23,146 | 20,017 |
| EBITDA | 5,184 | 439.8 | -2,638 | -1,303 | 2,241 | -1,651 | -3,572 | -5,400 | 761.2 | - |
| EBIT | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income | -569.6 | -2,353 | -7,291 | -5,617 | 232.8 | -4,580 | - | - | - | - |
| Net margin | -3.38% | -12.54% | -66.9% | -41.84% | 1.03% | -24.55% | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/10/21 | 6/30/21 | 8/13/21 | 11/12/21 | 2/15/22 | 8/31/22 | 8/31/22 | 11/14/22 | 2/24/23 | - |
1INR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 8,963 | 97,867 | 86,169 | 82,695 | 73,141 | 60,913 | 53,217 | 53,528 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.6664 x | 11.39 x | 20.38 x | -24.68 x | -11.28 x | 4.387 x | 3.163 x | 2.441 x |
| Free Cash Flow 1 | 2,547 | 15,674 | 3,006 | 9,496 | 796 | -14,796 | 11,273 | 16,248 |
| ROE (net income / shareholders' equity) | - | - | 48.1% | - | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | -15.8% | - | - | - | - | - |
| Assets 1 | - | - | 63,237 | - | - | - | - | - |
| Book Value Per Share 2 | -5.850 | -26.30 | -42.80 | -71.30 | -53.70 | -99.70 | -90.70 | -77.70 |
| Cash Flow per Share 2 | 1.590 | 30.70 | 6.240 | 16.20 | 1.540 | 10.40 | 24.30 | 11.00 |
| Capex 1 | 2,421 | 2,744 | 745 | 332 | 134 | 7,697 | 2,360 | 2,360 |
| Capex / Sales | 2.66% | 2.22% | 1.45% | 0.51% | 0.15% | 9.33% | 2.48% | 2.15% |
| Announcement Date | 5/28/19 | 7/29/20 | 6/30/21 | 8/31/22 | 8/14/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D+
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +3.18% | 582M | |
| -6.41% | 16.17B | |
| +4.42% | 3.81B | |
| +4.04% | 1.62B | |
| +40.82% | 1.51B | |
| +12.09% | 1.37B | |
| +7.05% | 1.17B | |
| -6.58% | 1.17B | |
| -30.95% | 1.01B | |
| -8.25% | 984M |
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- Financials SpiceJet Limited
