Wizz Air Holdings
Market Cap
UK£3.0b
Last Updated
2020/10/22 20:40 UTC
Data Sources
Company Financials +
Executive Summary
Wizz Air Holdings Plc, together with its subsidiaries, provides passenger air transportation services on scheduled short-haul and medium-haul point-to-point routes across Europe and the Middle East. More Details
Rewards
Risk Analysis
Snowflake Analysis
Exceptional growth potential with adequate balance sheet.
Similar Companies
Share Price & News
How has Wizz Air Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WIZZ has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
9.6%
WIZZ
10.0%
GB Airlines
-0.3%
GB Market
1 Year Return
-5.3%
WIZZ
-67.0%
GB Airlines
-16.6%
GB Market
Return vs Industry: WIZZ exceeded the UK Airlines industry which returned -68.4% over the past year.
Return vs Market: WIZZ exceeded the UK Market which returned -16.2% over the past year.
Shareholder returns
| WIZZ | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.6% | 10.0% | -0.3% |
| 30 Day | 15.7% | 9.8% | 0.7% |
| 90 Day | 1.6% | -27.1% | -3.4% |
| 1 Year | -5.3%-5.3% | -45.5%-67.0% | -13.4%-16.6% |
| 3 Year | 7.6%7.6% | -47.2%-72.5% | -9.6%-20.8% |
| 5 Year | 85.9%85.9% | -38.5%-69.8% | 14.5%-11.3% |
Price Volatility Vs. Market
How volatile is Wizz Air Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Wizz Air Holdings Plc's (LON:WIZZ) Sentiment Matching Earnings3 months ago | Simply Wall St
Is Wizz Air Holdings Plc's (LON:WIZZ) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?7 months ago | Simply Wall St
Is There More To Wizz Air Holdings Plc (LON:WIZZ) Than Its 12% Returns On Capital?Valuation
Is Wizz Air Holdings undervalued compared to its fair value and its price relative to the market?
32.95x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: WIZZ (£35.1) is trading above our estimate of fair value (£33.02)
Significantly Below Fair Value: WIZZ is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WIZZ is poor value based on its PE Ratio (32.9x) compared to the XE Airlines industry average (11.1x).
PE vs Market: WIZZ is poor value based on its PE Ratio (32.9x) compared to the UK market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: WIZZ is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: WIZZ is overvalued based on its PB Ratio (2.7x) compared to the GB Airlines industry average (1.6x).
Next Steps
Future Growth
How is Wizz Air Holdings forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
58.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WIZZ's forecast earnings growth (58.6% per year) is above the savings rate (1.2%).
Earnings vs Market: WIZZ's earnings (58.6% per year) are forecast to grow faster than the UK market (24.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: WIZZ's revenue (28.8% per year) is forecast to grow faster than the UK market (6% per year).
High Growth Revenue: WIZZ's revenue (28.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WIZZ's Return on Equity is forecast to be high in 3 years time (32.9%)
Next Steps
Past Performance
How has Wizz Air Holdings performed over the past 5 years?
8.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WIZZ has a large one-off loss of €47.5M impacting its June 30 2020 financial results.
Growing Profit Margin: WIZZ's current net profit margins (4.7%) are lower than last year (16.2%).
Past Earnings Growth Analysis
Earnings Trend: WIZZ's earnings have grown by 8.4% per year over the past 5 years.
Accelerating Growth: WIZZ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WIZZ had negative earnings growth (-74.7%) over the past year, making it difficult to compare to the Airlines industry average (-18.4%).
Return on Equity
High ROE: WIZZ's Return on Equity (8.2%) is considered low.
Next Steps
Financial Health
How is Wizz Air Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: WIZZ's short term assets (€1.6B) exceed its short term liabilities (€1.3B).
Long Term Liabilities: WIZZ's short term assets (€1.6B) do not cover its long term liabilities (€1.8B).
Debt to Equity History and Analysis
Debt Level: WIZZ's debt to equity ratio (25.8%) is considered satisfactory.
Reducing Debt: WIZZ's debt to equity ratio has increased from 5.4% to 25.8% over the past 5 years.
Debt Coverage: WIZZ's debt is well covered by operating cash flow (242.7%).
Interest Coverage: WIZZ's interest payments on its debt are well covered by EBIT (3.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Wizz Air Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate WIZZ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate WIZZ'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 WIZZ's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if WIZZ's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of WIZZ's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.0yrs
Average management tenure
CEO
József Váradi
no data
Tenure
€2,798,163
Compensation
Mr. József Váradi serves as the Chief Executive Officer at Wizz Air Holdings Plc and Wizz Air Hungary Kft. Mr. Váradi served as the Chief Compliance Officer of Malév Hungarian Airlines and served as its Ch ...
CEO Compensation Analysis
Compensation vs Market: József's total compensation ($USD3.31M) is above average for companies of similar size in the UK market ($USD2.07M).
Compensation vs Earnings: József's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | no data | €2.80m | 1.95% € 58.4m | |
| Executive VP & Group CFO | 0.67yr | no data | no data | |
| Executive VP & Group COO | 7.75yrs | €667.00k | no data | |
| Chief People Officer | 1.5yrs | no data | no data | |
| Managing Director - Wizz Air UK | no data | €424.15k | no data | |
| Chief Commercial Officer | 4.08yrs | no data | no data | |
| Chief Operations Officer of Wizz Air Hungary | no data | no data | no data | |
| Chief Digital Officer | 2yrs | no data | no data | |
| Chief Corporate Officer | 2.08yrs | no data | no data | |
| Chief Supply Chain Officer | 1.5yrs | no data | no data |
2.0yrs
Average Tenure
Experienced Management: WIZZ's management team is considered experienced (2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | no data | €2.80m | 1.95% € 58.4m | |
| Chairman | 16.75yrs | €230.10k | 0.13% € 4.0m | |
| Independent Non-Executive Director | 2.33yrs | €95.63k | 0.0059% € 175.4k | |
| Non-Executive Director | 9.75yrs | €78.13k | 0.062% € 1.9m | |
| Senior Independent Non-Executive Director | 2.25yrs | €106.28k | 0.0093% € 278.3k | |
| Independent Non-Executive Director | 2.08yrs | €83.13k | no data | |
| Independent Non-Executive Director | 0.33yr | no data | no data | |
| Independent Non-Executive Director | 2.25yrs | €83.13k | no data | |
| Non-Independent Non-Executive Director | 1.5yrs | €71.88k | no data |
2.3yrs
Average Tenure
71yo
Average Age
Experienced Board: WIZZ's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WIZZ insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 17.4%.
Top Shareholders
Company Information
Wizz Air Holdings Plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Wizz Air Holdings Plc
- Ticker: WIZZ
- Exchange: LSE
- Founded: 2003
- Industry: Airlines
- Sector: Transportation
- Market Cap: UK£2.999b
- Shares outstanding: 85.44m
- Website: https://wizzair.com
Number of Employees
Location
- Wizz Air Holdings Plc
- Ogier House
- 44 The Esplanade
- Saint Helier
- JE4 9WG
- Jersey
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WIZZ | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Feb 2015 |
| WIZZl | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Feb 2015 |
| WI2 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Feb 2015 |
| WZZA.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Feb 2015 |
| WZZZ.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Nov 2017 |
Biography
Wizz Air Holdings Plc, together with its subsidiaries, provides passenger air transportation services on scheduled short-haul and medium-haul point-to-point routes across Europe and the Middle East. As of ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/22 20:40 |
| End of Day Share Price | 2020/10/22 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/03/31 |
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.