Spirit Airlines
Market Cap
US$1.5b
Last Updated
2020/07/07 23:54 UTC
Data Sources
Company Financials +
Executive Summary
Spirit Airlines, Inc. provides low-fare airline services.
Rewards
Risk Analysis
Snowflake Analysis
High growth potential and good value.
Similar Companies
Share Price & News
How has Spirit Airlines's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SAVE's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-5.8%
SAVE
-3.7%
US Airlines
1.7%
US Market
1 Year Return
-67.0%
SAVE
-50.2%
US Airlines
6.0%
US Market
Return vs Industry: SAVE underperformed the US Airlines industry which returned -48.2% over the past year.
Return vs Market: SAVE underperformed the US Market which returned 7.4% over the past year.
Shareholder returns
| SAVE | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.8% | -3.7% | 1.7% |
| 30 Day | -25.9% | -18.9% | -0.5% |
| 90 Day | 34.1% | 10.6% | 17.8% |
| 1 Year | -67.0%-67.0% | -49.6%-50.2% | 8.2%6.0% |
| 3 Year | -67.9%-67.9% | -49.9%-51.8% | 36.3%27.4% |
| 5 Year | -71.5%-71.5% | -30.0%-33.9% | 63.0%45.0% |
Price Volatility Vs. Market
How volatile is Spirit Airlines's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Is Now An Opportune Moment To Examine Spirit Airlines, Inc. (NYSE:SAVE)?1 month ago | Simply Wall St
A Rising Share Price Has Us Looking Closely At Spirit Airlines, Inc.'s (NYSE:SAVE) P/E Ratio1 month ago | Simply Wall St
Did Changing Sentiment Drive Spirit Airlines' (NYSE:SAVE) Share Price Down A Painful 84%?Valuation
Is Spirit Airlines undervalued compared to its fair value and its price relative to the market?
4.57x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate SAVE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate SAVE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: SAVE is good value based on its PE Ratio (4.6x) compared to the Airlines industry average (8.7x).
PE vs Market: SAVE is good value based on its PE Ratio (4.6x) compared to the US market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: SAVE is good value based on its PEG Ratio (0x)
Price to Book Ratio
PB vs Industry: SAVE is good value based on its PB Ratio (0.5x) compared to the US Airlines industry average (0.8x).
Next Steps
Future Growth
How is Spirit Airlines forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
94.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SAVE's forecast earnings growth (94.1% per year) is above the savings rate (2.2%).
Earnings vs Market: SAVE's earnings (94.1% per year) are forecast to grow faster than the US market (22.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SAVE's revenue (22.8% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: SAVE's revenue (22.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SAVE's Return on Equity is forecast to be low in 3 years time (9.2%).
Next Steps
Past Performance
How has Spirit Airlines performed over the past 5 years?
1.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SAVE has high quality earnings.
Growing Profit Margin: SAVE's current net profit margins (6.7%) are lower than last year (7.4%).
Past Earnings Growth Analysis
Earnings Trend: SAVE's earnings have grown by 1.2% per year over the past 5 years.
Accelerating Growth: SAVE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SAVE had negative earnings growth (-2.5%) over the past year, making it difficult to compare to the Airlines industry average (-14.4%).
Return on Equity
High ROE: SAVE's Return on Equity (11.2%) is considered low.
Next Steps
Financial Health
How is Spirit Airlines's financial position?
Financial Position Analysis
Short Term Liabilities: SAVE's short term assets ($1.2B) do not cover its short term liabilities ($1.2B).
Long Term Liabilities: SAVE's short term assets ($1.2B) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: SAVE's debt to equity ratio (102.9%) is considered high.
Reducing Debt: SAVE's debt to equity ratio has increased from 30.6% to 102.9% over the past 5 years.
Debt Coverage: SAVE's debt is not well covered by operating cash flow (16.6%).
Interest Coverage: SAVE's interest payments on its debt are well covered by EBIT (5.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Spirit Airlines's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SAVE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SAVE'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 SAVE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SAVE'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 SAVE'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?
3.8yrs
Average management tenure
CEO
Ted Christie (49yo)
1.5yrs
Tenure
US$3,400,453
Compensation
Mr. Edward M. Christie, III, also known as Ted, has been President at Spirit Airlines, Inc. since January 2018. He has been a Director at Spirit Airlines, Inc. since January 1, 2018. He serves as the Chief ...
CEO Compensation Analysis
Compensation vs Market: Ted's total compensation ($USD3.40M) is about average for companies of similar size in the US market ($USD4.70M).
Compensation vs Earnings: Ted's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.5yrs | US$3.40m | 0.14% $2.1m | |
| Senior VP & CFO | 1.75yrs | US$1.25m | 0.037% $556.4k | |
| Executive VP & COO | 6.75yrs | US$2.07m | 0.026% $380.5k | |
| Senior VP | 12.75yrs | US$1.16m | 0.067% $993.6k | |
| Executive VP & Chief Commercial Officer | 3.92yrs | US$1.68m | 0.0085% $125.9k | |
| Senior VP & Chief Information Officer | 3.83yrs | US$1.46m | 0.030% $449.6k | |
| Senior Director of Investor Relations | no data | no data | no data | |
| Senior VP & Chief Marketing Officer | 0.58yr | US$802.56k | no data | |
| Senior VP & Chief Human Resources Officer | 5.75yrs | no data | 0.0069% $102.9k | |
| VP & Controller | 2.67yrs | no data | 0.00053% $7.9k |
3.8yrs
Average Tenure
56yo
Average Age
Experienced Management: SAVE's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.5yrs | US$3.40m | 0.14% $2.1m | |
| Independent Director | 14.5yrs | US$199.35k | 0.012% $171.1k | |
| Independent Director | 7.5yrs | US$195.92k | 0.0074% $110.6k | |
| Independent Director | 0.83yr | US$70.98k | 0.00085% $12.6k | |
| Independent Non-Executive Chairman | 6.92yrs | US$275.94k | 0.030% $446.2k | |
| Independent Director | 5.08yrs | US$184.21k | 0.0081% $120.4k | |
| Independent Director | 0.83yr | US$70.30k | 0.0065% $96.5k | |
| Independent Director | 4.33yrs | US$180.71k | 0.0041% $61.0k | |
| Independent Director | 10yrs | US$189.21k | 0.0088% $131.1k |
5.1yrs
Average Tenure
59yo
Average Age
Experienced Board: SAVE's board of directors are considered experienced (5.1 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 been diluted in the past year, with total shares outstanding growing by 29.6%.
Top Shareholders
Company Information
Spirit Airlines, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Spirit Airlines, Inc.
- Ticker: SAVE
- Exchange: NYSE
- Founded: 1964
- Industry: Airlines
- Sector: Transportation
- Market Cap: US$1.487b
- Shares outstanding: 88.66m
- Website: https://www.spirit.com
Number of Employees
Location
- Spirit Airlines, Inc.
- 2800 Executive Way
- Miramar
- Florida
- 33025
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SAVE | NYSE (New York Stock Exchange) | Yes | Voting Common Stock | US | USD | May 2011 |
| 0L8U | LSE (London Stock Exchange) | Yes | Voting Common Stock | GB | USD | May 2011 |
Biography
Spirit Airlines, Inc. provides low-fare airline services. The company operates approximately 600 daily flights to 77 destinations in the United States, the Caribbean, and Latin America. As of December 31, 2019, the company had a fleet of 145 Airbus single-aisle aircraft comprising 31 A319ceos, 64 A320ceos, 20 A320neos and 30 A321ceos. It offers tickets through its call centers and airport ticket counters, as well as online through spirit.com; and through various third parties, including online, traditional travel agents, and electronic global distribution systems. The company was formerly known as Clippert Trucking Company and changed its name to Spirit Airlines, Inc. in 1992. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/07 23:54 |
| End of Day Share Price | 2020/07/07 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.