SAVE Stock Overview
Spirit Airlines, Inc. provides airline services.
Spirit Airlines Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$24.52|
|52 Week High||US$32.01|
|52 Week Low||US$15.92|
|1 Month Change||23.46%|
|3 Month Change||12.48%|
|1 Year Change||-23.40%|
|3 Year Change||-48.63%|
|5 Year Change||-52.53%|
|Change since IPO||112.29%|
Recent News & Updates
Frontier Takes Top Spot To Acquire Spirit Airlines
Frontier Airlines has a lower overall bid compared to JetBlue. Pre-payment offered by Frontier Airlines is superior to JetBlue's pre-payment offer. $50 per share valuation as Frontier and Spirit Airlines envision requires more work than what is currently baked in 2024 estimates.
Spirit Airlines: JetBlue Buy Offer Is More Compelling
Frontier Airlines takeover vote has been delayed to June 30th. Hopes on combination with JetBlue are rising. Antitrust concerns exist for both combinations. Frontier Airlines' offer barely values the prospects of Spirit Airlines.
|SAVE||US Airlines||US Market|
Return vs Industry: SAVE exceeded the US Airlines industry which returned -34.2% over the past year.
Return vs Market: SAVE underperformed the US Market which returned -18.5% over the past year.
|SAVE Average Weekly Movement||11.3%|
|Airlines Industry Average Movement||8.9%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.6%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: SAVE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: SAVE's weekly volatility (11%) has been stable over the past year.
About the Company
Spirit Airlines, Inc. provides airline services. It serves 85 destinations in 16 countries in the United States, Latin America, and the Caribbean. As of December 31, 2021, the company had a fleet of 173 Airbus single-aisle aircraft.
Spirit Airlines Fundamentals Summary
|SAVE fundamental statistics|
Is SAVE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SAVE income statement (TTM)|
|Cost of Revenue||US$3.12b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||-5.10|
|Net Profit Margin||-14.85%|
How did SAVE perform over the long term?See historical performance and comparison
Is SAVE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SAVE?
Other financial metrics that can be useful for relative valuation.
|What is SAVE's n/a Ratio?|
Price to Sales Ratio vs Peers
How does SAVE's PS Ratio compare to its peers?
|SAVE PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
Price-To-Sales vs Peers: SAVE is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (1x).
Price to Earnings Ratio vs Industry
How does SAVE's PE Ratio compare vs other companies in the U.S. Airlines Industry?
Price-To-Sales vs Industry: SAVE is expensive based on its Price-To-Sales Ratio (0.7x) compared to the US Airlines industry average (0.6x)
Price to Sales Ratio vs Fair Ratio
What is SAVE'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.
|Current PS Ratio||0.7x|
|Fair PS Ratio||1x|
Price-To-Sales vs Fair Ratio: SAVE is good value based on its Price-To-Sales Ratio (0.7x) compared to the estimated Fair Price-To-Sales Ratio (1x).
Share Price vs Fair Value
What is the Fair Price of SAVE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: SAVE ($24.52) is trading below our estimate of fair value ($79.48)
Significantly Below Fair Value: SAVE is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SAVE's PEG Ratio to determine if it is good value.
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How is Spirit Airlines forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SAVE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: SAVE is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: SAVE is expected to become profitable in the next 3 years.
Revenue vs Market: SAVE's revenue (15.7% per year) is forecast to grow faster than the US market (8.4% per year).
High Growth Revenue: SAVE's revenue (15.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SAVE's Return on Equity is forecast to be high in 3 years time
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How has Spirit Airlines performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SAVE is currently unprofitable.
Growing Profit Margin: SAVE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SAVE is unprofitable, and losses have increased over the past 5 years at a rate of 60% per year.
Accelerating Growth: Unable to compare SAVE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SAVE is unprofitable, making it difficult to compare its past year earnings growth to the Airlines industry (44%).
Return on Equity
High ROE: SAVE has a negative Return on Equity (-28.88%), as it is currently unprofitable.
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How is Spirit Airlines's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: SAVE's short term assets ($1.8B) exceed its short term liabilities ($1.6B).
Long Term Liabilities: SAVE's short term assets ($1.8B) do not cover its long term liabilities ($5.1B).
Debt to Equity History and Analysis
Debt Level: SAVE's net debt to equity ratio (90.6%) is considered high.
Reducing Debt: SAVE's debt to equity ratio has increased from 69.4% to 161% over the past 5 years.
Debt Coverage: SAVE's debt is not well covered by operating cash flow (1.3%).
Interest Coverage: Insufficient data to determine if SAVE's interest payments on its debt are well covered by EBIT.
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What is Spirit Airlines's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SAVE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SAVE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SAVE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SAVE's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as SAVE has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ted Christie (50 yo)
Mr. Edward M. Christie, III, also known as Ted, has been President at Spirit Airlines, Inc. since January 2018. He has been a Director at Spirit Airlines, Inc. since January 1, 2018. He serves as the Chief...
CEO Compensation Analysis
Compensation vs Market: Ted's total compensation ($USD3.87M) is below average for companies of similar size in the US market ($USD6.89M).
Compensation vs Earnings: Ted's compensation has increased whilst the company is unprofitable.
Experienced Management: SAVE's management team is considered experienced (4.6 years average tenure).
Experienced Board: SAVE's board of directors are considered experienced (6.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SAVE insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Spirit Airlines, Inc.'s employee growth, exchange listings and data sources
- Name: Spirit Airlines, Inc.
- Ticker: SAVE
- Exchange: NYSE
- Founded: 1964
- Industry: Airlines
- Sector: Transportation
- Implied Market Cap: US$2.666b
- Shares outstanding: 108.71m
- Website: https://www.spirit.com
Number of Employees
- Spirit Airlines, Inc.
- 2800 Executive Way
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/26 00:00|
|End of Day Share Price||2022/06/24 00:00|
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.