company background image
5002

SpiceJet BSE:500285 Stock Report

Last Price

₹46.50

Market Cap

₹28.0b

7D

1.4%

1Y

-30.6%

Updated

19 Aug, 2022

Data

Company Financials +
500285 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance0/6
Financial Health0/6
Dividends0/6

500285 Stock Overview

SpiceJet Limited provides air transportation services.

SpiceJet Competitors

Price History & Performance

Summary of all time highs, changes and price drops for SpiceJet
Historical stock prices
Current Share Price₹46.50
52 Week High₹87.25
52 Week Low₹34.60
Beta1.41
1 Month Change19.38%
3 Month Change-6.53%
1 Year Change-30.65%
3 Year Change-64.84%
5 Year Change-63.44%
Change since IPO302.60%

Recent News & Updates

Shareholder Returns

500285IN AirlinesIN Market
7D1.4%1.6%2.3%
1Y-30.6%13.3%10.2%

Return vs Industry: 500285 underperformed the Indian Airlines industry which returned 13.3% over the past year.

Return vs Market: 500285 underperformed the Indian Market which returned 10.2% over the past year.

Price Volatility

Is 500285's price volatile compared to industry and market?
500285 volatility
500285 Average Weekly Movement7.7%
Airlines Industry Average Movement4.7%
Market Average Movement6.3%
10% most volatile stocks in IN Market8.9%
10% least volatile stocks in IN Market4.1%

Stable Share Price: 500285 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 500285's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198410,279Ajay Singhhttps://www.spicejet.com

SpiceJet Limited provides air transportation services. It operates through Air Transport, and Freighter and Logistics Services segments. The company offers passengers and cargo air transportation services under the SpiceJet brand name.

SpiceJet Fundamentals Summary

How do SpiceJet's earnings and revenue compare to its market cap?
500285 fundamental statistics
Market Cap₹27.98b
Earnings (TTM)-₹15.16b
Revenue (TTM)₹66.21b

0.4x

P/S Ratio

-1.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
500285 income statement (TTM)
Revenue₹66.21b
Cost of Revenue₹66.02b
Gross Profit₹195.84m
Other Expenses₹15.36b
Earnings-₹15.16b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-25.19
Gross Margin0.29%
Net Profit Margin-22.90%
Debt/Equity Ratio-252.4%

How did 500285 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 500285 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 500285?

Other financial metrics that can be useful for relative valuation.

500285 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA-7x
PEG Ration/a

Price to Sales Ratio vs Peers

How does 500285's PS Ratio compare to its peers?

500285 PS Ratio vs Peers
The above table shows the PS ratio for 500285 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average4.9x
532617 Jet Airways (India)
13.9xn/a₹11.5b
INDIGO InterGlobe Aviation
2.1x12.7%₹759.4b
532345 Gati
1.3x16.0%₹20.4b
GATEWAY Gateway Distriparks
2.5x9.5%₹35.2b
500285 SpiceJet
0.4x38.7%₹28.0b

Price-To-Sales vs Peers: 500285 is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (4.9x).


Price to Earnings Ratio vs Industry

How does 500285's PE Ratio compare vs other companies in the Asian Airlines Industry?

Price-To-Sales vs Industry: 500285 is good value based on its Price-To-Sales Ratio (0.4x) compared to the Asian Airlines industry average (1.5x)


Price to Sales Ratio vs Fair Ratio

What is 500285'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.

500285 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio1.6x

Price-To-Sales vs Fair Ratio: 500285 is good value based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (1.6x).


Share Price vs Fair Value

What is the Fair Price of 500285 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 500285 (₹46.5) is trading below our estimate of fair value (₹85.04)

Significantly Below Fair Value: 500285 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.


Discover undervalued companies

Future Growth

How is SpiceJet forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


102.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 500285 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (6.8%).

Earnings vs Market: 500285 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 500285 is expected to become profitable in the next 3 years.

Revenue vs Market: 500285's revenue (38.7% per year) is forecast to grow faster than the Indian market (10.5% per year).

High Growth Revenue: 500285's revenue (38.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 500285's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has SpiceJet performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-67.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 500285 is currently unprofitable.

Growing Profit Margin: 500285 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 500285 is unprofitable, and losses have increased over the past 5 years at a rate of 67.8% per year.

Accelerating Growth: Unable to compare 500285's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 500285 is unprofitable, making it difficult to compare its past year earnings growth to the Airlines industry (26.2%).


Return on Equity

High ROE: 500285's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Discover strong past performing companies

Financial Health

How is SpiceJet's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: 500285 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: 500285 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: 500285 has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: 500285's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


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: Insufficient data to determine if 500285 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 500285 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Discover healthy companies

Dividend

What is SpiceJet current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 500285's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 500285'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 500285's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 500285's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 500285 has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

7.2yrs

Average management tenure


CEO

Ajay Singh (57 yo)

7.25yrs

Tenure

₹72,000,000

Compensation

Mr. Ajay Singh has been Chairman since May 31, 2015 and Managing Director of SpiceJet Limited since May 21, 2015. Mr. Singh Co-Founded Argentum Motors Private Limited and serves as its Chairman. He has ext...


CEO Compensation Analysis

Compensation vs Market: Ajay's total compensation ($USD903.55K) is above average for companies of similar size in the Indian market ($USD282.33K).

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


Leadership Team

Experienced Management: 500285's management team is seasoned and experienced (7.2 years average tenure).


Board Members

Experienced Board: 500285's board of directors are considered experienced (5.9 years average tenure).


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

SpiceJet Limited's employee growth, exchange listings and data sources


Key Information

  • Name: SpiceJet Limited
  • Ticker: 500285
  • Exchange: BSE
  • Founded: 1984
  • Industry: Airlines
  • Sector: Transportation
  • Implied Market Cap: ₹27.984b
  • Shares outstanding: 601.80m
  • Website: https://www.spicejet.com

Number of Employees


Location

  • SpiceJet Limited
  • 319, Udyog Vihar
  • Phase-IV
  • Gurugram
  • Haryana
  • 122016
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/19 00:00
End of Day Share Price2022/08/19 00:00
Earnings2021/12/31
Annual Earnings2021/03/31


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.