JET2 Stock Overview
Jet2 plc, together with its subsidiaries, engages in the leisure travel business in the United Kingdom.
No risks detected for JET2 from our risk checks.
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£7.12|
|52 Week High||UK£14.34|
|52 Week Low||UK£6.62|
|1 Month Change||-17.19%|
|3 Month Change||-9.16%|
|1 Year Change||-42.72%|
|3 Year Change||-22.65%|
|5 Year Change||22.44%|
|Change since IPO||4,607.44%|
Recent News & Updates
Health Check: How Prudently Does Jet2 (LON:JET2) Use Debt?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
|JET2||GB Airlines||GB Market|
Return vs Industry: JET2 exceeded the UK Airlines industry which returned -48.6% over the past year.
Return vs Market: JET2 underperformed the UK Market which returned -13% over the past year.
|JET2 Average Weekly Movement||6.8%|
|Airlines Industry Average Movement||6.4%|
|Market Average Movement||5.6%|
|10% most volatile stocks in GB Market||10.8%|
|10% least volatile stocks in GB Market||2.9%|
Stable Share Price: JET2 is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: JET2's weekly volatility (7%) has been stable over the past year.
About the Company
Jet2 plc, together with its subsidiaries, engages in the leisure travel business in the United Kingdom. The company operates scheduled holiday flights to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities. It is also involved in the package holiday and non-ticket retail activities, as well as passenger and charter aircraft operations.
Jet2 Fundamentals Summary
|JET2 fundamental statistics|
Is JET2 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|JET2 income statement (TTM)|
|Cost of Revenue||UK£1.22b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Nov 24, 2022
|Earnings per share (EPS)||-1.47|
|Net Profit Margin||-25.61%|
How did JET2 perform over the long term?See historical performance and comparison
Is JET2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for JET2?
Other financial metrics that can be useful for relative valuation.
|What is JET2's n/a Ratio?|
Price to Sales Ratio vs Peers
How does JET2's PS Ratio compare to its peers?
|JET2 PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
WIZZ Wizz Air Holdings
IAG International Consolidated Airlines Group
Price-To-Sales vs Peers: JET2 is expensive based on its Price-To-Sales Ratio (1.2x) compared to the peer average (0.6x).
Price to Earnings Ratio vs Industry
How does JET2's PE Ratio compare vs other companies in the European Airlines Industry?
Price-To-Sales vs Industry: JET2 is expensive based on its Price-To-Sales Ratio (1.2x) compared to the Global Airlines industry average (0.9x)
Price to Sales Ratio vs Fair Ratio
What is JET2's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||1.2x|
|Fair PS Ratio||0.6x|
Price-To-Sales vs Fair Ratio: JET2 is expensive based on its Price-To-Sales Ratio (1.2x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).
Share Price vs Fair Value
What is the Fair Price of JET2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: JET2 (£7.12) is trading below our estimate of fair value (£26.04)
Significantly Below Fair Value: JET2 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is Jet2 forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: JET2 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).
Earnings vs Market: JET2 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: JET2 is expected to become profitable in the next 3 years.
Revenue vs Market: JET2's revenue (27.4% per year) is forecast to grow faster than the UK market (4.4% per year).
High Growth Revenue: JET2's revenue (27.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: JET2's Return on Equity is forecast to be low in 3 years time (19.7%).
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How has Jet2 performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: JET2 is currently unprofitable.
Growing Profit Margin: JET2 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: JET2 is unprofitable, and losses have increased over the past 5 years at a rate of 60.4% per year.
Accelerating Growth: Unable to compare JET2's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: JET2 is unprofitable, making it difficult to compare its past year earnings growth to the Airlines industry (7.5%).
Return on Equity
High ROE: JET2 has a negative Return on Equity (-35.18%), as it is currently unprofitable.
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How is Jet2's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: JET2's short term assets (£2.6B) exceed its short term liabilities (£1.7B).
Long Term Liabilities: JET2's short term assets (£2.6B) exceed its long term liabilities (£1.4B).
Debt to Equity History and Analysis
Debt Level: JET2 has more cash than its total debt.
Reducing Debt: JET2's debt to equity ratio has increased from 85.1% to 110.6% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable JET2 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: JET2 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 12.7% per year.
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What is Jet2 current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Forecast Dividend Yield
Dividend Yield vs Market
|Jet2 Dividend Yield vs Market|
|Market Bottom 25% (GB)||2.1%|
|Market Top 25% (GB)||6.0%|
|Industry Average (Airlines)||3.4%|
|Analyst forecast in 3 Years (Jet2)||1.6%|
Notable Dividend: Unable to evaluate JET2's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate JET2's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if JET2's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if JET2's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: JET2 is not paying a notable dividend for the UK market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as JET2 has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Heapy (53 yo)
Mr. Stephen Paul Heapy, also known as Steve, has been Chief Executive Officer at Jet2holidays Ltd. since November 30, 2009 and served as Managing Director. Mr. Heapy serves as Chief Executive Officer of Je...
CEO Compensation Analysis
|Steve Heapy's Compensation vs Jet2 Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Mar 31 2022||UK£1m||UK£684k|
|Dec 31 2021||n/a||n/a|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||UK£690k||UK£597k|
|Dec 31 2020||n/a||n/a|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||UK£835k||UK£727k|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||UK£1m||UK£530k|
|Dec 31 2018||n/a||n/a|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||UK£1m||UK£480k|
|Dec 31 2017||n/a||n/a|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||UK£944k||UK£433k|
|Dec 31 2016||n/a||n/a|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||UK£755k||UK£379k|
Compensation vs Market: Steve's total compensation ($USD1.28M) is below average for companies of similar size in the UK market ($USD2.08M).
Compensation vs Earnings: Steve's compensation has increased whilst the company is unprofitable.
Experienced Management: JET2's management team is seasoned and experienced (8.5 years average tenure).
Experienced Board: JET2's board of directors are considered experienced (9.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: JET2 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|12 Jul 22||BuyUK£49,998||Stephen Heapy||Individual||6,221||UK£8.04|
|08 Jul 22||BuyUK£49,996||Stephen Heapy||Individual||6,244||UK£8.01|
|08 Jul 22||BuyUK£25,001||Gary Brown||Individual||3,110||UK£8.04|
|19 Nov 21||SellUK£21,999,832||Philip Meeson||Individual||2,000,000||UK£11.15|
|19 Nov 21||SellUK£5,250,000||The Philip Meeson 2019 Settlement||Company||500,000||UK£10.50|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Jet2 plc's employee growth, exchange listings and data sources
- Name: Jet2 plc
- Ticker: JET2
- Exchange: AIM
- Founded: 1971
- Industry: Airlines
- Sector: Transportation
- Implied Market Cap: UK£1.529b
- Shares outstanding: 214.68m
- Website: https://www.jet2plc.com
Number of Employees
- Jet2 plc
- Low Fare Finder House
- Leeds Bradford Airport
- West Yorkshire
- LS19 7TU
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|JET2||AIM (London Stock Exchange AIM Market)||Yes||Ordinary Shares||GB||GBP||Jan 1992|
|DRTG.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|DG1||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/05 00:00|
|End of Day Share Price||2022/10/05 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.