LSE:WIZZ

Stock Analysis Report

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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.


Snowflake Analysis

Outstanding track record and good value.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.6%

WIZZ

-7.7%

GB Airlines

-2.5%

GB Market


1 Year Return

-7.5%

WIZZ

-39.1%

GB Airlines

-16.0%

GB Market

Return vs Industry: WIZZ exceeded the UK Airlines industry which returned -37.9% over the past year.

Return vs Market: WIZZ exceeded the UK Market which returned -15.1% over the past year.


Shareholder returns

WIZZIndustryMarket
7 Day-2.6%-7.7%-2.5%
30 Day-8.0%-24.4%-4.0%
90 Day19.0%-5.2%4.9%
1 Year-7.5%-7.5%-38.0%-39.1%-12.1%-16.0%
3 Year26.2%26.2%-46.4%-52.5%-5.4%-17.1%
5 Year98.9%98.9%-36.4%-47.4%11.6%-13.4%

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

Valuation

Is Wizz Air Holdings undervalued compared to its fair value and its price relative to the market?

21.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WIZZ (£32.56) is trading below our estimate of fair value (£41.51)

Significantly Below Fair Value: WIZZ is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: WIZZ is poor value based on its PE Ratio (9.7x) compared to the Airlines industry average (9.5x).

PE vs Market: WIZZ is good value based on its PE Ratio (9.7x) compared to the UK market (14.9x).


Price to Earnings Growth Ratio

PEG Ratio: WIZZ is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: WIZZ is overvalued based on its PB Ratio (2.5x) compared to the GB Airlines industry average (1.2x).


Next Steps

Future Growth

How is Wizz Air Holdings forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

18.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WIZZ's forecast earnings growth (18.8% per year) is above the savings rate (1.2%).

Earnings vs Market: WIZZ's earnings (18.8% per year) are forecast to grow slower than the UK market (21.6% per year).

High Growth Earnings: WIZZ's earnings are forecast to grow, but not significantly.

Revenue vs Market: WIZZ's revenue (12.4% per year) is forecast to grow faster than the UK market (3.3% per year).

High Growth Revenue: WIZZ's revenue (12.4% per year) is forecast to grow slower 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 (21.5%)


Next Steps

Past Performance

How has Wizz Air Holdings performed over the past 5 years?

13.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WIZZ has high quality earnings.

Growing Profit Margin: WIZZ's current net profit margins (10.2%) are higher than last year (5.6%).


Past Earnings Growth Analysis

Earnings Trend: WIZZ's earnings have grown by 13.2% per year over the past 5 years.

Accelerating Growth: WIZZ's earnings growth over the past year (116.8%) exceeds its 5-year average (13.2% per year).

Earnings vs Industry: WIZZ earnings growth over the past year (116.8%) exceeded the Airlines industry -17%.


Return on Equity

High ROE: WIZZ's Return on Equity (22.8%) is considered high.


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 5.9% 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 (7x 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?

1.8yrs

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 ($USD3.16M) is above average for companies of similar size in the UK market ($USD2.38M).

Compensation vs Earnings: József's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
József Váradi
CEO & Executive Directorno data€2.80m2.04% 56.6m
Jourik Hooghe
Executive VP & Group CFO0.42yrno datano data
Diederik Pen
Executive VP & Group COO7.5yrs€667.00kno data
Iain Wetherall
Chief Investment Officer0.42yrno datano data
Johan Eidhagen
Chief Marketing & People Officer4.42yrsno datano data
Owain Jones
Managing Director - Wizz Air UKno data€424.15kno data
George Michalopoulos
Chief Commercial Officer3.83yrsno datano data
Heiko Holm
Chief Operations Officer of Wizz Air Hungaryno datano datano data
Joel Goldberg
Chief Digital Officer1.75yrsno datano data
Marion Geoffroy
Chief Corporate Officer1.83yrsno datano data

1.8yrs

Average Tenure

Experienced Management: WIZZ's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
József Váradi
CEO & Executive Directorno data€2.80m2.04% 56.6m
William Franke
Chairman16.5yrs€230.10k0.13% 3.7m
Barry Eccleston
Independent Non-Executive Director2.08yrs€95.63k0.0059% 162.7k
Stephen Johnson
Non-Executive Director9.5yrs€78.13k0.062% 1.7m
Simon Duffy
Senior Independent Non-Executive Director2yrs€106.28k0.0093% 258.2k
Guido J. Demuynck
Independent Non-Executive Director6.42yrs€85.37k0.0061% 170.8k
Maria Kyriacou
Independent Non-Executive Director1.83yrs€83.13kno data
Charlotte Pedersen
Independent Non-Executive Director0.083yrno datano data
Peter Agnefjall
Independent Non-Executive Director2yrs€83.13kno data
Andrew Broderick
Non-Independent Non-Executive Director1.25yrs€71.88kno data

2.0yrs

Average Tenure

70yo

Average Age

Experienced Board: WIZZ's board of directors are not considered experienced ( 2 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: Insufficient data to determine if insiders have bought more shares than they have sold 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£2.782b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WIZZLSE (London Stock Exchange)YesOrdinary SharesGBGBPFeb 2015
WIZZlBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPFeb 2015
WI2DB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2015
WZZA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDFeb 2015
WZZZ.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDNov 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 June 03, 2020, it operated a fleet of 122 aircraft that offered services for approximately 710 routes from 25 bases connecting 155 airports in 45 countries. The company provides its services under the Wizz Air brand. Wizz Air Holdings Plc was founded in 2003 and is based in Saint Helier, Jersey. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/09 20:54
End of Day Share Price2020/07/09 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.