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SPIRIT AIRLINES, INC. |
Real-time Estimate
Other stock markets
|
|
5-day change | 1st Jan Change | |
| 14.54 USD | -0.07% | -6.00% | -24.82% | |
| Dec. 07 | American Airlines asks US court to overturn ruling barring JetBlue alliance | RE |
| Dec. 07 | JetBlue narrows loss forecast on healthy travel demand, shares rise | RE |
Valuation
| Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3 954 | 2 759 | 2 388 | 2 369 | 2 121 | 1 588 | - | - |
| Enterprise Value (EV) 1 | 5 035 | 3 894 | 3 943 | 4 114 | 5 132 | 7 031 | 6 911 | 7 066 |
| P/E ratio | 25,4x | 8,24x | -4,83x | -4,86x | -3,82x | -3,58x | -3,80x | -5,81x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 1,19x | 0,72x | 1,32x | 0,73x | 0,42x | 0,30x | 0,27x | 0,24x |
| EV / Revenue | 1,52x | 1,02x | 2,18x | 1,27x | 1,01x | 1,32x | 1,19x | 1,08x |
| EV / EBITDA | 6,26x | 4,20x | -11,8x | 36,1x | 11,1x | 27,3x | 13,4x | 5,57x |
| EV / FCF | -50,1x | 40,6x | -5,07x | -32,8x | -15,7x | -26,4x | -56,9x | -95,5x |
| FCF Yield | -2,00% | 2,46% | -19,7% | -3,05% | -6,36% | -3,79% | -1,76% | -1,05% |
| Price to Book | 2,05x | 1,22x | 1,06x | 1,12x | - | 1,48x | 1,55x | 1,92x |
| Nbr of stocks (in thousands) | 68 265 | 68 448 | 97 678 | 108 405 | 108 857 | 109 168 | - | - |
| Reference price 2 | 57,9 | 40,3 | 24,5 | 21,9 | 19,5 | 14,6 | 14,6 | 14,6 |
| Announcement Date | 2/5/19 | 2/5/20 | 2/10/21 | 2/7/22 | 2/6/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3 323 | 3 831 | 1 810 | 3 231 | 5 068 | 5 340 | 5 791 | 6 518 |
| EBITDA 1 | 804 | 926 | -334 | 114 | 463 | 258 | 515 | 1 269 |
| EBIT 1 | 449 | 519 | -809 | -430 | -132 | -447 | -205 | 285 |
| Operating Margin | 13,5% | 13,5% | -44,7% | -13,3% | -2,61% | -8,38% | -3,55% | 4,37% |
| Earnings before Tax (EBT) 1 | 205 | 436 | -620 | -520 | -701 | -563 | -559 | -367 |
| Net income 1 | 156 | 335 | -429 | -473 | -554 | -444 | -421 | -275 |
| Net margin | 4,69% | 8,75% | -23,7% | -14,6% | -10,9% | -8,31% | -7,27% | -4,22% |
| EPS 2 | 2,28 | 4,89 | -5,06 | -4,50 | -5,10 | -4,06 | -3,83 | -2,51 |
| Free Cash Flow 1 | -101 | 96,0 | -778 | -125 | -327 | -267 | -122 | -74,0 |
| FCF margin | -3,02% | 2,51% | -43,0% | -3,88% | -6,44% | -4,99% | -2,10% | -1,14% |
| FCF Conversion (EBITDA) | - | 10,4% | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | 28,6% | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/5/19 | 2/5/20 | 2/10/21 | 2/7/22 | 2/6/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period : December | 2021 Q2 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 859 | 923 | 988 | 967 | 1 367 | 1 343 | 1 391 | 1 350 | 1 432 | 1 259 | 1 300 | 1 289 | 1 532 | 1 517 | 1 504 |
| EBITDA 1 | 128 | 75,3 | 76,2 | -42,1 | 128 | 165 | 212 | 71,9 | 220 | 1,56 | -41,8 | -76,9 | 159 | 110 | 101 |
| EBIT 1 | -9,85 | -64,9 | -60,1 | -184 | -16,7 | 11,3 | 57,6 | -91,3 | 47,0 | -179 | -215 | -221 | 45,8 | 14,4 | 0,15 |
| Operating Margin | -1,15% | -7,03% | -6,08% | -19,1% | -1,22% | 0,84% | 4,14% | -6,76% | 3,28% | -14,2% | -16,5% | -17,1% | 2,99% | 0,95% | 0,01% |
| Earnings before Tax (EBT) 1 | -273 | -17,0 | -91,8 | -244 | -67,5 | -48,9 | -340 | -142 | 15,0 | -204 | -248 | -305 | -130 | -158 | -136 |
| Net income 1 | -288 | 14,8 | -87,2 | -195 | -52,4 | -36,4 | -271 | -104 | -2,35 | -158 | -185 | -221 | -97,3 | -119 | -102 |
| Net margin | -33,5% | 1,60% | -8,83% | -20,1% | -3,83% | -2,71% | -19,5% | -7,70% | -0,16% | -12,5% | -14,2% | -17,1% | -6,35% | -7,81% | -6,77% |
| EPS 2 | -2,73 | 0,14 | -0,80 | -1,79 | -0,48 | -0,33 | -2,49 | -0,95 | -0,02 | -1,44 | -1,69 | -2,02 | -0,89 | -1,08 | -0,93 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/28/21 | 10/27/21 | 2/7/22 | 5/4/22 | 8/9/22 | 10/26/22 | 2/6/23 | 4/26/23 | 8/3/23 | 10/26/23 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1 081 | 1 135 | 1 555 | 1 745 | 3 012 | 5 443 | 5 323 | 5 478 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1,34x | 1,23x | -4,65x | 15,3x | 6,50x | 21,1x | 10,3x | 4,32x |
| Free Cash Flow 1 | -101 | 96,0 | -778 | -125 | -327 | -267 | -122 | -74,0 |
| ROE (net income / shareholders' equity) | 16,3% | 16,6% | -31,8% | -20,2% | -23,9% | -29,1% | -26,7% | -19,9% |
| Shareholders' equity 1 | 955 | 2 014 | 1 347 | 2 340 | 2 318 | 1 524 | 1 579 | 1 385 |
| ROA (Net income/ Total Assets) | 6,46% | 5,71% | -9,30% | -5,20% | -6,25% | -4,41% | -3,16% | -1,26% |
| Assets 1 | 2 410 | 5 868 | 4 611 | 9 084 | 8 862 | 10 062 | 13 327 | 21 789 |
| Book Value Per Share 2 | 28,3 | 33,0 | 23,0 | 19,5 | - | 9,83 | 9,36 | 7,60 |
| Cash Flow per Share 2 | 7,40 | 5,97 | -2,66 | 1,99 | -0,82 | -1,32 | 3,92 | 4,93 |
| Capex 1 | 607 | 313 | 553 | 333 | 238 | 273 | 467 | 1 002 |
| Capex / Sales | 18,3% | 8,18% | 30,5% | 10,3% | 4,69% | 5,12% | 8,06% | 15,4% |
| Announcement Date | 2/5/19 | 2/5/20 | 2/10/21 | 2/7/22 | 2/6/23 | - | - | - |
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-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
10
Last Close Price
14.55USD
Average target price
16.75USD
Spread / Average Target
+15.12%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -24.82% | 1 588 M $ | |
| +22.87% | 25 838 M $ | |
| +49.67% | 22 604 M $ | |
| +15.91% | 19 687 M $ | |
| -26.62% | 15 875 M $ | |
| +8.33% | 13 439 M $ | |
| +45.72% | 13 403 M $ | |
| -34.25% | 13 402 M $ | |
| +80.27% | 12 099 M $ | |
| -25.86% | 11 359 M $ |
- Stock
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- Stock Spirit Airlines, Inc. - Nyse
- Financials Spirit Airlines, Inc.
