Spirit Airlines, Inc. provides low-fare airline services.
Very undervalued with solid track record.
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.
7 Day Return
1 Year Return
Return vs Industry: SAVE underperformed the US Airlines industry which returned -56.4% over the past year.
Return vs Market: SAVE underperformed the US Market which returned -14.9% over the past year.
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
1 week ago | Simply Wall StNews Flash: 10 Analysts Think Spirit Airlines, Inc. (NYSE:SAVE) Earnings Are Under Threat
2 weeks ago | Simply Wall StSpirit Airlines (NYSE:SAVE) Has A Somewhat Strained Balance Sheet
1 month ago | Simply Wall StA Sliding Share Price Has Us Looking At Spirit Airlines, Inc.'s (NYSE:SAVE) P/E Ratio
Is Spirit Airlines undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SAVE ($10.51) is trading below our estimate of fair value ($81.94)
Significantly Below Fair Value: SAVE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SAVE is good value based on its PE Ratio (2.1x) compared to the Airlines industry average (3.2x).
PE vs Market: SAVE is good value based on its PE Ratio (2.1x) compared to the US market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: SAVE is good value based on its PEG Ratio (0.1x)
Price to Book Ratio
PB vs Industry: SAVE is good value based on its PB Ratio (0.3x) compared to the US Airlines industry average (0.6x).
How is Spirit Airlines forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SAVE's forecast earnings growth (15% per year) is above the savings rate (1.7%).
Earnings vs Market: SAVE's earnings (15% per year) are forecast to grow faster than the US market (12.2% per year).
High Growth Earnings: SAVE's earnings are forecast to grow, but not significantly.
Revenue vs Market: SAVE's revenue (9% per year) is forecast to grow faster than the US market (7.1% per year).
High Growth Revenue: SAVE's revenue (9% per year) is forecast to grow slower 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 (17.7%).
How has Spirit Airlines performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SAVE has high quality earnings.
Growing Profit Margin: SAVE's current net profit margins (8.8%) are higher than last year (4.7%).
Past Earnings Growth Analysis
Earnings Trend: SAVE's earnings have grown by 3% per year over the past 5 years.
Accelerating Growth: SAVE's earnings growth over the past year (115.3%) exceeds its 5-year average (3% per year).
Earnings vs Industry: SAVE earnings growth over the past year (115.3%) exceeded the Airlines industry 41.8%.
Return on Equity
High ROE: SAVE's Return on Equity (14.8%) is considered low.
How is Spirit Airlines's financial position?
Financial Position Analysis
Short Term Liabilities: SAVE's short term assets ($1.4B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: SAVE's short term assets ($1.4B) do not cover its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: SAVE's debt to equity ratio (96.1%) is considered high.
Reducing Debt: SAVE's debt to equity ratio has increased from 14.5% to 96.1% over the past 5 years.
Debt Coverage: SAVE's debt is not well covered by operating cash flow (18.8%).
Interest Coverage: SAVE's interest payments on its debt are well covered by EBIT (8.1x coverage).
Inventory Level: SAVE has a high level of physical assets or inventory.
Debt Coverage by Assets: SAVE's debt is not covered by short term assets (assets are 0.6x debt).
What is Spirit Airlines's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SAVE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SAVE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SAVE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SAVE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SAVE's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ted Christie (48yo)
Mr. Edward M. Christie, III, also known as Ted, has been President at Spirit Airlines, Inc. since January 2018. He has been a Director at Spirit Airlines, Inc. since January 1, 2018. He serves as the Chief ...
CEO Compensation Analysis
Compensation vs Market: Ted's total compensation ($USD5.67M) is above average for companies of similar size in the US market ($USD3.25M).
Compensation vs Earnings: Ted's compensation has increased by more than 20% in the past year.
|Senior VP & CFO||1.5yrs||US$1.05m||0.048% $346.9k|
|Executive VP & COO||6.5yrs||US$1.81m||0.033% $235.2k|
|Senior VP & Chief Information Officer||3.58yrs||US$1.46m||0.039% $278.9k|
|Senior VP||12.5yrs||US$1.58m||0.086% $619.5k|
|Senior Director of Investor Relations||no data||no data||no data|
|Senior VP & Chief Marketing Officer||0.33yr||US$802.56k||no data|
|Senior VP & Chief Human Resources Officer||5.5yrs||no data||0.0086% $61.7k|
|Executive VP & Chief Commercial Officer||3.67yrs||no data||0.011% $75.7k|
|VP & Controller||2.42yrs||no data||0.00069% $5.0k|
Experienced Management: SAVE's management team is considered experienced (3.6 years average tenure).
|Independent Director||14.25yrs||US$205.52k||0.023% $166.2k|
|Independent Director||7.25yrs||US$194.02k||0.018% $128.3k|
|Director||0.58yr||no data||no data|
|Non-Executive Chairman||6.67yrs||US$281.31k||0.039% $279.6k|
|Independent Director||4.83yrs||US$185.52k||0.013% $93.4k|
|Director||0.58yr||no data||0.014% $97.9k|
|Independent Director||4.08yrs||US$185.52k||0.011% $79.4k|
Experienced Board: SAVE's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SAVE insiders have bought more shares than they have sold 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 company bio, employee growth, exchange listings and data sources
- Name: Spirit Airlines, Inc.
- Ticker: SAVE
- Exchange: NYSE
- Founded: 1964
- Industry: Airlines
- Sector: Transportation
- Market Cap: US$719.462m
- Shares outstanding: 68.46m
- Website: https://www.spirit.com
Number of Employees
- Spirit Airlines, Inc.
- 2800 Executive Way
- United States
|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|
|S64||BRSE (Berne Stock Exchange)||Yes||Voting Common Stock||CH||CHF||May 2011|
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||2020/04/04 00:44|
|End of Day Share Price||2020/04/03 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.