Spirit Airlines Inc

Company Profile

Spirit Airlines Inc had its IPO on 2011-05-26 under the ticker symbol SAVE.

The company operates in the Industrials sector and Airlines industry. Spirit Airlines Inc has a staff strength of 12,025 employees.

Stock update

Shares of Spirit Airlines Inc opened at $17.47 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $17.24 - $17.84, and closed at $17.28.

This is a -1.14% slip from the previous day's closing price.

A total volume of 2,505,394 shares were traded at the close of the day’s session.

In the last one week, shares of Spirit Airlines Inc have increased by +4.73%.

Spirit Airlines Inc's Key Ratios

Spirit Airlines Inc has a market cap of $1.91 billion, indicating a price to book ratio of 1.1869 and a price to sales ratio of 0.4663.

In the last 12-months Spirit Airlines Inc’s revenue was $5.52 billion with a gross profit of $973.03 million and an EBITDA of $233.29 million. The EBITDA ratio measures Spirit Airlines Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Spirit Airlines Inc’s operating margin was 0.34% while its return on assets stood at 0.13% with a return of equity of -24.72%.

In Q2, Spirit Airlines Inc’s quarterly earnings growth was a negative -14.1% while revenue growth was a positive 4.8%.

Spirit Airlines Inc’s PE and PEG Ratio

Forward PE

11.8064

Trailing PE

0

PEG

20.44

Its diluted EPS in the last 12-months stands at $-3.74 per share while it has a forward price to earnings multiple of 11.8064 and a PEG multiple of 20.44. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Spirit Airlines Inc’s profitability.

Spirit Airlines Inc stock is trading at a EV to sales ratio of 1.3803 and a EV to EBITDA ratio of -134.1204. Its price to sales ratio in the trailing 12-months stood at 0.4663.

Spirit Airlines Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$9.37 billion

Total Liabilities

$1.69 billion

Operating Cash Flow

$-54459000.00

Capital Expenditure

$66.16 million

Dividend Payout Ratio

0%

Spirit Airlines Inc ended 2024 with $9.37 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $9.37 billion while shareholder equity stood at $1.47 billion.

Spirit Airlines Inc ended 2024 with $340.46 million in deferred long-term liabilities, $1.69 billion in other current liabilities, 11000.00 in common stock, $397.96 million in retained earnings and $0 in goodwill. Its cash balance stood at $1.11 billion and cash and short-term investments were $1.22 billion. The company’s total short-term debt was $459,015,000 while long-term debt stood at $3.08 billion.

Spirit Airlines Inc’s total current assets stands at $1.77 billion while long-term investments were $0 and short-term investments were $109.49 million. Its net receivables were $223.00 million compared to accounts payable of $76.16 million and inventory worth $119.40 million.

In 2024, Spirit Airlines Inc's operating cash flow was $-54459000.00 while its capital expenditure stood at $66.16 million.

Comparatively, Spirit Airlines Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$17.28

52-Week High

$22.4292

52-Week Low

$14.1634

Analyst Target Price

$22.7

Spirit Airlines Inc stock is currently trading at $17.28 per share. It touched a 52-week high of $22.4292 and a 52-week low of $22.4292. Analysts tracking the stock have a 12-month average target price of $22.7.

Its 50-day moving average was $17.14 and 200-day moving average was $17.35 The short ratio stood at 5.08 indicating a short percent outstanding of 0%.

Around 54.4% of the company’s stock are held by insiders while 7277.9% are held by institutions.