Spirit Airlines Inc
NYSE:SAVE
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%.
Valuation Backtest
Spirit Airlines Inc
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Fundamental Analysis
Stabilizing Revenue amid Cost Pressures
2023-Q4 Earnings Call
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.
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 |
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
What is Free Cash Flow?
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.
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.
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
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.
Ownership
SAVE Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
SAVE Price
Spirit Airlines Inc
Average Annual Return | -20.28% |
Standard Deviation of Annual Returns | 17.19% |
Max Drawdown | -92% |
Market Capitalization | 504.8m USD |
Shares Outstanding | 109 478 000 |
Percentage of Shares Shorted | 20.21% |
SAVE News
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.
Sentiment Analysis
Spirit Airlines Inc
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
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%.