NasdaqGS:SKYW

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Executive Summary

SkyWest, Inc., through its subsidiaries, operates a regional airline in the United States. More Details


Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SKYW is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: SKYW's weekly volatility has decreased from 16% to 9% over the past year.


Market Performance


7 Day Return

14.1%

SKYW

8.3%

US Airlines

2.8%

US Market


1 Year Return

-30.9%

SKYW

-29.3%

US Airlines

20.7%

US Market

Return vs Industry: SKYW underperformed the US Airlines industry which returned -29.3% over the past year.

Return vs Market: SKYW underperformed the US Market which returned 20.7% over the past year.


Shareholder returns

SKYWIndustryMarket
7 Day14.1%8.3%2.8%
30 Day48.5%35.8%12.3%
90 Day24.1%25.6%6.4%
1 Year-30.4%-30.9%-29.1%-29.3%23.4%20.7%
3 Year-12.8%-14.8%-22.2%-24.1%47.2%37.4%
5 Year113.5%105.5%-12.0%-15.1%94.1%72.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

19.69x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SKYW ($43.29) is trading above our estimate of fair value ($7.6)

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


Price To Earnings Ratio

PE vs Industry: SKYW is poor value based on its PE Ratio (19.7x) compared to the XN Airlines industry average (10.3x).

PE vs Market: SKYW's PE Ratio (19.7x) is in line with the US market.


Price to Earnings Growth Ratio

PEG Ratio: SKYW is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: SKYW is good value based on its PB Ratio (1x) compared to the US Airlines industry average (1.3x).


Next Steps

Future Growth

How is SkyWest forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

67.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SKYW's forecast earnings growth (67.1% per year) is above the savings rate (2.2%).

Earnings vs Market: SKYW's earnings (67.1% per year) are forecast to grow faster than the US market (22% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SKYW's revenue (12.8% per year) is forecast to grow faster than the US market (10.2% per year).

High Growth Revenue: SKYW's revenue (12.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SKYW's Return on Equity is forecast to be low in 3 years time (5.9%).


Next Steps

Past Performance

How has SkyWest performed over the past 5 years?

24.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SKYW has a large one-off gain of $342.1M impacting its September 30 2020 financial results.

Growing Profit Margin: SKYW's current net profit margins (4.8%) are lower than last year (11%).


Past Earnings Growth Analysis

Earnings Trend: SKYW's earnings have grown significantly by 24.4% per year over the past 5 years.

Accelerating Growth: SKYW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SKYW had negative earnings growth (-67%) over the past year, making it difficult to compare to the Airlines industry average (-48.2%).


Return on Equity

High ROE: SKYW's Return on Equity (5.1%) is considered low.


Next Steps

Financial Health

How is SkyWest's financial position?


Financial Position Analysis

Short Term Liabilities: SKYW's short term assets ($977.3M) exceed its short term liabilities ($859.9M).

Long Term Liabilities: SKYW's short term assets ($977.3M) do not cover its long term liabilities ($3.7B).


Debt to Equity History and Analysis

Debt Level: SKYW's debt to equity ratio (140.4%) is considered high.

Reducing Debt: SKYW's debt to equity ratio has reduced from 143.8% to 140.4% over the past 5 years.

Debt Coverage: SKYW's debt is well covered by operating cash flow (22.4%).

Interest Coverage: Insufficient data to determine if SKYW's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

0.19%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: SKYW is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SKYW's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

6.5yrs

Average management tenure


CEO

Chip Childs (52 yo)

4.83yrs

Tenure

US$3,611,011

Compensation

Mr. Russell A. Childs, also known as Chip, has been the President of SkyWest Inc. since May 12, 2014 and has been its the Chief Executive Officer since January 1, 2016. Mr. Childs served as the President a...


CEO Compensation Analysis

Compensation vs Market: Chip's total compensation ($USD3.61M) is about average for companies of similar size in the US market ($USD4.17M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Russell Childs
CEO, President & Director4.83yrsUS$3.61m0.28%
$ 6.1m
Robert Simmons
Chief Financial Officer5.67yrsUS$1.61mno data
Eric Woodward
Chief Accounting Officer9.5yrsUS$695.24k0.050%
$ 1.1m
Wade Steel
Chief Commercial Officer6.5yrsUS$1.58m0.072%
$ 1.6m
Lori Hunt
Vice President of People13yrsno datano data
Greg Wooley
Executive Vice President of Operations of SkyWest Airlinesno datano data0.0062%
$ 133.7k

6.5yrs

Average Tenure

50yo

Average Age

Experienced Management: SKYW's management team is seasoned and experienced (6.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Russell Childs
CEO, President & Director4.83yrsUS$3.61m0.28%
$ 6.1m
Jerry Atkin
Chairman of the Board29.83yrsUS$400.00k1.59%
$ 34.5m
Keith Smith
Independent Director7.08yrsUS$219.00k0.046%
$ 996.1k
Ronald Mittelstaedt
Independent Director7.08yrsUS$200.00k0.046%
$ 996.1k
Steven Udvar-Házy
Lead Independent Directorno dataUS$230.00k0.10%
$ 2.3m
Henry Eyring
Independent Director14.5yrsUS$204.00k0.083%
$ 1.8m
W. Albrecht
Independent Director8.83yrsUS$220.00k0.12%
$ 2.6m
James Welch
Independent Director13.5yrsUS$204.00k0.087%
$ 1.9m
Andrew Roberts
Independent Director5.5yrsUS$214.00k0.031%
$ 673.5k
Meredith R. Madden
Independent Director5.5yrsUS$200.00k0.031%
$ 673.5k

7.1yrs

Average Tenure

59yo

Average Age

Experienced Board: SKYW's board of directors are considered experienced (7.1 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

SkyWest, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SkyWest, Inc.
  • Ticker: SKYW
  • Exchange: NasdaqGS
  • Founded: 1972
  • Industry: Airlines
  • Sector: Transportation
  • Market Cap: US$2.171b
  • Shares outstanding: 50.14m
  • Website: https://inc.skywest.com

Number of Employees


Location

  • SkyWest, Inc.
  • 444 South River Road
  • Saint George
  • Utah
  • 84790
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SKYWNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJun 1986
SY2DB (Deutsche Boerse AG)YesCommon StockDEEURJun 1986

Biography

SkyWest, Inc., through its subsidiaries, operates a regional airline in the United States. The company operates through two segment, SkyWest Airlines and SkyWest Leasing. It also engages into leasing aircr...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 23:10
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.