Hawaiian Holdings, Inc.

NasdaqGS:HA Stock Report

Market Cap: US$900.8m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Hawaiian Holdings Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate HA's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate HA's fair value for valuation analysis.


Key Valuation Metric

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

Key metric: As HA is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for HA. This is calculated by dividing HA's market cap by their current revenue.
What is HA's PS Ratio?
PS Ratio0.3x
SalesUS$2.77b
Market CapUS$900.81m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for HA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.5x
ULCC Frontier Group Holdings
0.3x12.6%US$1.3b
ALGT Allegiant Travel
0.6x10.4%US$1.4b
SNCY Sun Country Airlines Holdings
0.7x8.3%US$737.5m
JBLU JetBlue Airways
0.2x5.5%US$2.1b
HA Hawaiian Holdings
0.3x10.2%US$900.8m

Price-To-Sales vs Peers: HA is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.3x).


Price to Sales Ratio vs Industry

How does HA's PS Ratio compare vs other companies in the US Airlines Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
SAVE.Q Spirit Airlines
0.01x3.9%US$74.26m
MESA Mesa Air Group
0.1xn/aUS$42.14m
TAWN.F Thai Airways International
0.004xn/aUS$18.55m
SOAR Volato Group
0.08xn/aUS$8.74m
HA 0.3xIndustry Avg. 0.6xNo. of Companies7PS00.40.81.21.62+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: HA is good value based on its Price-To-Sales Ratio (0.3x) compared to the Global Airlines industry average (0.5x).


Price to Sales Ratio vs Fair Ratio

What is HA'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.

HA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio0.1x

Price-To-Sales vs Fair Ratio: HA is expensive based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.1x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$16.50
0%
10.1%US$18.00US$14.00n/a4
Nov ’25n/a
US$16.50
0%
10.1%US$18.00US$14.00n/a4
Oct ’25n/a
US$16.50
0%
10.1%US$18.00US$14.00n/a4
Sep ’25US$17.32
US$16.50
-4.7%
10.1%US$18.00US$14.00n/a4
Aug ’25US$11.95
US$15.25
+27.6%
12.6%US$18.00US$13.00n/a4
Jul ’25US$12.30
US$15.00
+22.0%
14.9%US$18.00US$12.00n/a4
Jun ’25US$13.66
US$15.00
+9.8%
14.9%US$18.00US$12.00n/a4
May ’25US$12.68
US$15.00
+18.3%
14.9%US$18.00US$12.00n/a4
Apr ’25US$13.32
US$14.25
+7.0%
26.4%US$18.00US$8.00n/a4
Mar ’25US$14.06
US$14.25
+1.4%
26.4%US$18.00US$8.00n/a4
Feb ’25US$14.17
US$14.25
+0.6%
26.4%US$18.00US$8.00n/a4
Jan ’25US$14.20
US$7.38
-48.1%
67.7%US$16.00US$4.00n/a4
Dec ’24US$4.86
US$4.08
-16.0%
14.9%US$5.00US$3.00n/a6
Nov ’24US$3.97
US$5.00
+25.9%
46.2%US$10.00US$3.00n/a6
Oct ’24US$6.33
US$9.50
+50.1%
18.0%US$12.00US$7.00n/a6
Sep ’24US$8.35
US$10.17
+21.8%
16.5%US$12.00US$8.00US$17.326
Aug ’24US$11.14
US$10.50
-5.7%
14.3%US$12.00US$8.00US$11.956
Jul ’24US$10.77
US$9.50
-11.8%
14.6%US$12.00US$8.00US$12.306
Jun ’24US$8.09
US$9.50
+17.4%
14.6%US$12.00US$8.00US$13.666
May ’24US$8.22
US$9.67
+17.6%
15.4%US$12.00US$8.00US$12.686
Apr ’24US$9.16
US$10.83
+18.3%
25.2%US$16.00US$8.00US$13.326
Mar ’24US$10.95
US$10.83
-1.1%
25.2%US$16.00US$8.00US$14.066
Feb ’24US$11.05
US$11.67
+5.6%
25.1%US$16.00US$8.00US$14.176
Jan ’24US$10.26
US$13.33
+30.0%
26.9%US$19.00US$8.00US$14.206
Dec ’23US$13.89
US$15.20
+9.4%
19.7%US$19.00US$10.00US$4.865
Nov ’23US$14.37
US$15.60
+8.6%
19.7%US$19.00US$10.00US$3.975

Analyst Forecast: Target price is lower than the current share price.


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