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26.88 CAD   +1.40%
05/28 WESTJET AIRLINE : flight attendants vote in favour of new agreement
05/12 Air Canada beats on better costs; lowers cost forecast
05/11 WESTJET AIRLINE : announces normal course issuer bid
Analysis summary4-Traders Strategies 

WestJet Airlines Ltd. : The bullish trend is not over

11/15/2012 | 09:54am
Opinion : Bullish above CAD 18.6
Target price : CAD 22.3
Stop loss: CAD 15.9

WestJet Airlines Ltd. could reach its CAD 22.3 resistance.

The company shows strong fundamentals. Firstly, the security is undervalued compared to its peers with an EV/Sales ratio estimated at 0.86 by the Thomson Reuters consensus for this year. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.

From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the CAD 22.3 long term resistance.

In consequence, investors can take a long position in WestJet Airlines company with a first target price at CAD 22.3. This level is the long term resistance. A new bullish fluctuation could lead the security toward its highest level in case of breakout of this resistance. A stop loss will be fixed under the short term support at CAD 17.81.

WestJet Airlines Ltd. : WestJet Airlines Ltd. : The bullish trend is not over

© 2012

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Financial Ratios

Size 2015e 2016e
Capitalization 3 388 M CAD -
Entreprise Value (EV) 4 461 M CAD 4 643 M CAD
Valuation 2015e 2016e
PER (Price / EPS) 8,06x 8,11x
Capitalization / Revenue 0,82x 0,77x
EV / Revenue 1,08x 1,05x
EV / EBITDA 4,07x 3,98x
Yield (DPS / Price) 2,02% 2,31%
Price to book (Price / BVPS) 1,66x 1,46x
Profitability 2015e 2016e
Operating Margin (EBIT / Sales) 15,1% 14,1%
operating Leverage (Delta EBIT / Delta Sales) 7,40x -
Net Margin (Net Profit / Revenue) 10,4% 9,54%
ROA (Net Profit / Asset) 10,8% 9,80%
ROE (Net Profit / Equities) 21,5% 16,7%
Rate of Dividend 16,3% 18,8%
Balance Sheet Analysis 2015e 2016e
CAPEX / Sales   21,6% 15,8%
Cash Flow / Sales (Taux d'autofinancement) 16,7% 16,1%
Capital Intensity (Assets / Sales) 0,96x 0,97x
Financial Leverage (Net Debt / EBITDA) 0,98x 1,08x
Income Statement Evolution
More Financials
EPS Revisions