Stock SAVE SPIRIT AIRLINES, INC.
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Financials Spirit Airlines, Inc.

Equities

SAVE

US8485771021

Airlines

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-26 pm EDT 		5-day change 1st Jan Change
3.54 USD 0.00% Intraday chart for Spirit Airlines, Inc. -12.38% -78.40%
Apr. 24 Airlines Must Pay Automatic Refunds for Canceled Flights Under New US Rule MT
Apr. 23 JetBlue Lowers Full-Year Revenue Guidance on Headwinds Tied to High Latin Capacity; Shares Tumble MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,759 2,388 2,369 2,121 1,789 387.6 - -
Enterprise Value (EV) 1 3,894 3,943 4,114 5,132 7,587 6,519 6,668 387.6
P/E ratio 8.24 x -4.83 x -4.86 x -3.82 x -4 x -1.22 x -2.39 x 14.2 x
Yield - - - - - - - -
Capitalization / Revenue 0.72 x 1.32 x 0.73 x 0.42 x 0.33 x 0.07 x 0.06 x 0.06 x
EV / Revenue 1.02 x 2.18 x 1.27 x 1.01 x 1.41 x 1.15 x 1.1 x 0.06 x
EV / EBITDA 4.2 x -11.8 x 36.1 x 11.1 x 24 x 12.2 x 8.08 x 0.36 x
EV / FCF 40.6 x -5.07 x -32.8 x -15.7 x -15.1 x -53.9 x -230 x -
FCF Yield 2.46% -19.7% -3.05% -6.36% -6.62% -1.86% -0.43% -
Price to Book 1.22 x 1.06 x 1.12 x - 1.58 x 0.53 x 0.66 x -
Nbr of stocks (in thousands) 68,448 97,678 108,405 108,857 109,168 109,501 - -
Reference price 2 40.31 24.45 21.85 19.48 16.39 3.540 3.540 3.540
Announcement Date 2/5/20 2/10/21 2/7/22 2/6/23 2/8/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,831 1,810 3,231 5,068 5,363 5,689 6,083 6,441
EBITDA 1 926.5 -334 113.9 463.4 315.9 532.3 824.8 1,071
EBIT 1 518.6 -809 -429.9 -132.1 -386.3 -244.5 -35.36 121.5
Operating Margin 13.54% -44.7% -13.31% -2.61% -7.2% -4.3% -0.58% 1.89%
Earnings before Tax (EBT) 1 436.4 -620.2 -520.3 -700.7 -558.6 -479.2 -308.8 -120.8
Net income 1 335.3 -428.7 -472.6 -554.2 -447.5 -368.5 -233.7 -93
Net margin 8.75% -23.68% -14.63% -10.93% -8.34% -6.48% -3.84% -1.44%
EPS 2 4.890 -5.060 -4.500 -5.100 -4.100 -2.910 -1.480 0.2500
Free Cash Flow 1 95.97 -778 -125.4 -326.6 -502.2 -121 -29 -
FCF margin 2.51% -42.99% -3.88% -6.44% -9.37% -2.13% -0.48% -
FCF Conversion (EBITDA) 10.36% - - - - - - -
FCF Conversion (Net income) 28.63% - - - - - - -
Dividend per Share 2 - - - - - - - -
Announcement Date 2/5/20 2/10/21 2/7/22 2/6/23 2/8/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 1 922.6 987.6 967.3 1,367 1,343 1,391 1,350 1,432 1,259 1,322 1,272 1,476 1,468 1,478
EBITDA 1 75.27 76.17 -42.12 128.4 164.9 212.2 71.95 219.6 1.563 22.72 16.57 157.3 159.8 176.2
EBIT 1 -64.86 -60.07 -184.4 -16.69 11.34 57.58 -91.31 46.98 -178.6 -163.3 -173.1 -31.03 -25.4 -15.77
Operating Margin -7.03% -6.08% -19.06% -1.22% 0.84% 4.14% -6.76% 3.28% -14.19% -12.35% -13.61% -2.1% -1.73% -1.07%
Earnings before Tax (EBT) 1 -17 -91.83 -244 -67.51 -48.89 -340.3 -141.6 14.97 -203.6 -228.3 -205.8 -105.4 -117.6 -94.7
Net income 1 14.77 -87.16 -194.7 -52.41 -36.38 -270.7 -103.9 -2.349 -157.6 -183.7 -158.6 -72.67 -80.88 -56.41
Net margin 1.6% -8.83% -20.13% -3.83% -2.71% -19.45% -7.7% -0.16% -12.52% -13.89% -12.47% -4.92% -5.51% -3.82%
EPS 2 0.1400 -0.8000 -1.790 -0.4800 -0.3300 -2.490 -0.9500 -0.0200 -1.440 -1.680 -1.448 -0.5950 -0.5125 -0.3550
Dividend per Share 2 - - - - - - - - - - - - - -
Announcement Date 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 2/8/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,135 1,555 1,745 3,012 5,797 6,132 6,280 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.225 x -4.654 x 15.32 x 6.499 x 18.35 x 11.52 x 7.614 x -
Free Cash Flow 1 96 -778 -125 -327 -502 -121 -29 -
ROE (net income / shareholders' equity) 16.6% -31.8% -20.2% -23.9% -26.6% -35.2% -40.2% -17.2%
ROA (Net income/ Total Assets) 5.71% -9.3% -5.2% -6.25% -3.87% -3.59% -2.61% -0.99%
Assets 1 5,868 4,611 9,084 8,862 11,576 10,262 8,937 9,359
Book Value Per Share 2 33.00 23.00 19.50 - 10.40 6.720 5.350 -
Cash Flow per Share 2 5.970 -2.660 1.990 -0.8200 -2.260 1.010 1.810 2.660
Capex 1 313 553 333 238 232 235 622 1,134
Capex / Sales 8.18% 30.54% 10.31% 4.69% 4.33% 4.13% 10.22% 17.61%
Announcement Date 2/5/20 2/10/21 2/7/22 2/6/23 2/8/24 - - -
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

Ratings for Spirit Airlines, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
12
Last Close Price
3.54 USD
Average target price
4.483 USD
Spread / Average Target
+26.65%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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