BSE:500285

Stock Analysis Report

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Executive Summary

SpiceJet Limited provides air transportation services in India. More Details

Rewards

Earnings are forecast to grow 97.4% per year

Risk Analysis

No risks detected for 500285 from our risk checks.


Snowflake Analysis

High growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

How has SpiceJet's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 500285 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 500285's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

10.7%

500285

0.6%

IN Airlines

1.2%

IN Market


1 Year Return

-29.4%

500285

-16.2%

IN Airlines

10.4%

IN Market

Return vs Industry: 500285 underperformed the Indian Airlines industry which returned -16.2% over the past year.

Return vs Market: 500285 underperformed the Indian Market which returned 10.4% over the past year.


Shareholder returns

500285IndustryMarket
7 Day10.7%0.6%1.2%
30 Day56.9%18.9%12.1%
90 Day46.5%11.3%12.6%
1 Year-29.4%-29.4%-11.0%-16.2%12.4%10.4%
3 Year-46.0%-46.0%-25.3%-31.7%10.0%4.6%
5 Year17.0%17.0%-21.3%-31.0%59.8%47.8%

Long-Term Price Volatility Vs. Market

How volatile is SpiceJet's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is SpiceJet undervalued compared to its fair value and its price relative to the market?


Share Price vs. Fair Value

Below Fair Value: 500285 (₹76.9) is trading above our estimate of fair value (₹29.45)

Significantly Below Fair Value: 500285 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 500285 is unprofitable, so we can't compare its PE Ratio to the XX Airlines industry average.

PE vs Market: 500285 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 500285's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 500285 has negative assets, so we can't compare its PB Ratio to the XA Airlines industry average.


Next Steps

Future Growth

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

97.4%

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 (7.2%).

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's is expected to become profitable in the next 3 years.

Revenue vs Market: 500285's revenue (28.4% per year) is forecast to grow faster than the Indian market (11.5% per year).

High Growth Revenue: 500285's revenue (28.4% 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


Next Steps

Past Performance

How has SpiceJet performed over the past 5 years?

-62.9%

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 62.9% 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.


Next Steps

Financial Health

How is SpiceJet's financial position?


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: Whilst unprofitable 500285 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 500285 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 32% per year.


Next Steps

Dividend

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


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.


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 500285's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

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

5.5yrs

Average management tenure


CEO

Ajay Singh (55 yo)

5.58yrs

Tenure

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 ($USD0.00) is below average for companies of similar size in the Indian market ($USD378.36K).

Compensation vs Earnings: Insufficient data to compare Ajay's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Ajay Singh
Chairman & MD5.58yrsno data59.49%
₹ 26.4b
Sanjiv Taneja
Chief Financial Officer0.083yrno datano data
Ashish Vikram
Chief Technology & Innovation Officerno datano datano data
Chandan Sand
Senior VP of Legalno data₹4.72m0.035%
₹ 15.4m
Anand Deora
Senior Manager of Corporate Communicationsno datano datano data
Kamal Hingorani
Chief Customer Service Officer10.75yrsno datano data
Shilpa Bhatia
Chief Commercial Officer0.83yrno datano data
G. Gupta
Chief Strategy Officer & Accountable Managerno datano datano data
Sarabjeet Kaur
Head of Customer Care11.67yrsno datano data
Satinder Suri
Senior Vice President of Flight Operations5.5yrsno datano data
Vinay Nambiar
Country Head for UAE5.08yrsno datano data
Tushar Srivastava
Head of Corporate Affairs & CSRno datano datano data

5.5yrs

Average Tenure

Experienced Management: 500285's management team is seasoned and experienced (5.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ajay Singh
Chairman & MD5.58yrsno data59.49%
₹ 26.4b
Shiwani Singh
Non-Executive Director5.58yrs₹400.00k0.0010%
₹ 444.3k
Anurag Bhargava
Independent & Non-Executive Director4.25yrs₹500.00kno data
Ajay Aggarwal
Independent Director1.83yrsno data0.00071%
₹ 315.5k
Manoj Kumar
Independent Director1.58yrsno datano data

4.3yrs

Average Tenure

55yo

Average Age

Experienced Board: 500285's board of directors are considered experienced (4.3 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: SpiceJet Limited
  • Ticker: 500285
  • Exchange: BSE
  • Founded: 1984
  • Industry: Airlines
  • Sector: Transportation
  • Market Cap: ₹44.433b
  • Shares outstanding: 600.45m
  • Website: https://www.spicejet.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500285BSE (Mumbai Stock Exchange)YesEquity SharesININRNov 2000
SPICEJETNSEI (National Stock Exchange of India)YesEquity SharesININRNov 2000

Biography

SpiceJet Limited provides air transportation services in India. The company offers passengers and cargo air transportation services under the SpiceJet brand. As of July 31, 2019, it operated 111 fleets cov...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 12:10
End of Day Share Price2020/12/02 00:00
Earnings2020/09/30
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.