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Spirit Airlines Inc
NYSE:SAVE

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Spirit Airlines Inc Logo
Spirit Airlines Inc
NYSE:SAVE
Watchlist
Price: 4.67 USD 1.08%
Updated: Mar 28, 2024

Intrinsic Value

Spirit Airlines, Inc. is an airline that offers travel to customers. [ Read More ]

The intrinsic value of one SAVE stock under the Base Case scenario is 24.79 USD. Compared to the current market price of 4.67 USD, Spirit Airlines Inc is Undervalued by 81%.

Key Points:
SAVE Intrinsic Value
Base Case
24.79 USD
Undervaluation 81%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Spirit Airlines Inc

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Fundamental Analysis

Stabilizing Revenue amid Cost Pressures
2023-Q4 Earnings Call

Stabilizing Revenue amid Cost Pressures

The company experienced solid domestic demand during peak holidays and anticipates normalized travel trends by summer, with non-ticket revenue improving and new merchandising techniques starting. Despite this positive trend, Q1 2024's total revenue forecast is lower year-over-year, estimated between $1.25 billion and $1.28 billion. Q4 2023 operating margin was a negative 12.4%, but strategic adjustments are underway to ensure sustainability and profitability. These include addressing NEO engine issues impacting margins and optimizing the cost structure. The company ended 2023 with $1.3 billion in liquidity and anticipates Q1 2024 operating margins between negative 15% to negative 12%, with a fuel cost per gallon average of $2.90.

Financials

Balance Sheet Decomposition
Spirit Airlines Inc

Current Assets 1.5B
Cash & Short-Term Investments 977.7m
Receivables 205.5m
Other Current Assets 328.9m
Non-Current Assets 7.9B
PP&E 7.1B
Other Non-Current Assets 825m
Current Liabilities 1.7B
Accounts Payable 42.1m
Accrued Liabilities 1.2B
Other Current Liabilities 455.7m
Non-Current Liabilities 6.6B
Long-Term Debt 3.1B
Other Non-Current Liabilities 3.6B
Efficiency

Earnings Waterfall
Spirit Airlines Inc

Revenue
5.4B USD
Cost of Revenue
-4.5B USD
Gross Profit
911.7m USD
Operating Expenses
-1.3B USD
Operating Income
-392.3m USD
Other Expenses
-55.2m USD
Net Income
-447.5m USD

Free Cash Flow Analysis
Spirit Airlines Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Fundamental Scores

SAVE Profitability Score
Profitability Due Diligence

Spirit Airlines Inc's profitability score is 29/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Years Revenue Growth
ROIC is Increasing
Positive Revenue Growth Forecast
Positive Gross Profit
29/100
Profitability
Score

Spirit Airlines Inc's profitability score is 29/100. The higher the profitability score, the more profitable the company is.

SAVE Solvency Score
Solvency Due Diligence

Spirit Airlines Inc's solvency score is 23/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Short-Term Solvency
Positive Net Debt
High D/E
23/100
Solvency
Score

Spirit Airlines Inc's solvency score is 23/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

SAVE Price Targets Summary
Spirit Airlines Inc

Wall Street analysts forecast SAVE stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for SAVE is 7.48 USD with a low forecast of 4.04 USD and a high forecast of 18.9 USD.

Lowest
Price Target
4.04 USD
13% Downside
Average
Price Target
7.48 USD
60% Upside
Highest
Price Target
18.9 USD
305% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

SAVE Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

SAVE Price
Spirit Airlines Inc

1M 1M
-28%
6M 6M
-70%
1Y 1Y
-70%
3Y 3Y
-86%
5Y 5Y
-90%
10Y 10Y
-91%
Annual Price Range
4.67
52w Low
4.1
52w High
18.6086
Price Metrics
Average Annual Return -20.28%
Standard Deviation of Annual Returns 17.19%
Max Drawdown -92%
Shares Statistics
Market Capitalization 504.8m USD
Shares Outstanding 109 478 000
Percentage of Shares Shorted 20.21%

SAVE Return Decomposition
Main factors of price return

What is price return decomposition?

SAVE News

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Last Important Events
Spirit Airlines Inc

Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.

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Sentiment Analysis
Spirit Airlines Inc

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Last 7 Days 7D
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Last 90 Days 90D

Company Profile

Spirit Airlines Inc Logo
Spirit Airlines Inc

Country

United States of America

Industry

Airlines

Market Cap

504.8m USD

Dividend Yield

0%

Description

Spirit Airlines, Inc. is an airline that offers travel to customers. The company is headquartered in Miramar, Florida and currently employs 9,823 full-time employees. The company went IPO on 2011-05-26. The firm flies to approximately 85+ destinations across 16 countries in the United States, Latin America, and the Caribbean, primarily targeted toward leisure travelers and those looking to visit friends and relatives. The company focuses on value-conscious travelers who pay for their own travel and compete based on total price. The firm offers unbundled base fares with a range of optional services. The company allows passengers to save by paying only for the options they choose, such as checked and carry-on bags, wireless fidelity (Wi-Fi), advance seat assignments, priority boarding and refreshments. The company has a fleet of approximately 175+ Airbus A320 family aircraft. The company also operates Spirit Saver$ Club, which is a subscription-based loyalty program that allows members access to unpublished, low fares as well as discounted prices on bags, offers on hotels, rental cars, and other travel necessities.

Contact

FLORIDA
Miramar
2800 Executive Way
+19544477920.0
https://www.spirit.com/

IPO

2011-05-26

Employees

9 823

Officers

President, CEO & Director
Mr. Edward M. Christie III
Executive VP & CFO
Mr. Scott M. Haralson
Executive VP & COO
Mr. John Bendoraitis
Senior VP & Chief Human Resources Officer
Ms. Melinda C. Grindle
Executive VP & Chief Commercial Officer
Mr. Matthew H. Klein
Senior VP & Chief Information Officer
Mr. Rocky B. Wiggins
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Senior Director of Investor Relations
DeAnne Gabel
Senior VP, General Counsel & Company Secretary
Mr. Thomas C. Canfield
Senior VP & Chief Marketing Officer
Mr. Robert A. Schroeter
VP & Controller
Mr. Brian J. McMenamy
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See Also

Discover More
What is the Intrinsic Value of one SAVE stock?

The intrinsic value of one SAVE stock under the Base Case scenario is 24.79 USD.

Is SAVE stock undervalued or overvalued?

Compared to the current market price of 4.67 USD, Spirit Airlines Inc is Undervalued by 81%.