SAVE - Spirit Airlines Inc Stock Price, Fair Value and News

3.40USD+0.08 (+2.41%)Delayed as of 08 May 2024, 03:50 pm ET

Market Summary

USD3.40+0.08

Delayedas of 08 May 2024, 03:50 pm

2.41%

SAVE Alerts

Big fall in earnings (Y/Y)

Losses in recent quarter

SAVE Stock Price

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SAVE RSI Chart

SAVE Valuation

Market Cap

363.5M

Price/Earnings (Trailing)

-0.75

Price/Sales (Trailing)

0.07

EV/EBITDA

-25.51

Price/Free Cashflow

-0.69

SAVE Price/Sales (Trailing)

SAVE Profitability

EBT Margin

-10.87%

Return on Equity

-48.51%

Return on Assets

-5.1%

Free Cashflow Yield

-144.25%

SAVE Fundamentals

SAVE Revenue

Revenue (TTM)

5.3B

Rev. Growth (Yr)

-6.24%

Rev. Growth (Qtr)

-4.25%

SAVE Earnings

Earnings (TTM)

-486.2M

Earnings Growth (Yr)

-37.27%

Earnings Growth (Qtr)

22.33%

Breaking Down SAVE Revenue

52 Week Range

3.1919.69

(Low)(High)

Last 7 days

-5.9%

Last 30 days

-25.1%

Last 90 days

-52.2%

Trailing 12 Months

-79.1%

How does SAVE drawdown profile look like?

SAVE Financial Health

Current Ratio

0.97

Debt/Equity

3.17

Debt/Cashflow

-0.17

SAVE Investor Care

Shares Dilution (1Y)

0.31%

Diluted EPS (TTM)

-4.45

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	5.3B	0	0	0
2023	5.5B	5.5B	5.4B	5.4B
2022	3.7B	4.2B	4.7B	5.1B
2021	1.5B	2.2B	2.7B	3.2B
2020	3.7B	2.9B	2.3B	1.8B
2019	3.5B	3.6B	3.7B	3.8B
2018	2.8B	2.9B	3.1B	3.3B
2017	2.4B	2.5B	2.6B	2.6B
2016	2.2B	2.2B	2.3B	2.3B
2015	2.0B	2.0B	2.1B	2.1B
2014	1.7B	1.8B	1.9B	1.9B
2013	1.4B	1.4B	1.6B	1.7B
2012	1.1B	1.2B	1.3B	1.3B
2011	829.9M	928.4M	1.0B	1.1B
2010	720.3M	740.7M	761.0M	781.3M
2009	0	0	0	700.0M
2008	0	0	0	787.3M

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Spirit Airlines Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 03, 2024	haralson scott	sold (taxes)	-3,543	4.7	-754	evp and cfo
Apr 03, 2024	christie edward m iii	sold (taxes)	-5,306	4.7	-1,129	president and ceo
Mar 04, 2024	mcmenamy brian j.	acquired	754	5.76	131	vp & controller
Mar 04, 2024	wiggins rocky	acquired	7,188	5.76	1,248	svp and cio
Mar 04, 2024	haralson scott	acquired	5,823	5.76	1,011	evp and cfo
Mar 04, 2024	klein matthew h	acquired	18,875	5.76	3,277	evp, cco
Mar 04, 2024	canfield thomas c	acquired	5,569	5.76	967	svp, general counsel and sec
Mar 04, 2024	vanier kevin blake	acquired	6,094	5.76	1,058	vp of fp & a
Mar 04, 2024	christie edward m iii	acquired	12,971	5.76	2,252	president and ceo
Mar 04, 2024	bendoraitis john a.	acquired	16,249	5.76	2,821	evp and coo

Which funds bought or sold SAVE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	Parallel Advisors, LLC	sold off	-100	-2,245	-	-%
May 06, 2024	VitalStone Financial, LLC	unchanged	-	-	-	-%
May 06, 2024	DiNuzzo Private Wealth, Inc.	reduced	-60.00	-216	30.00	-%
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-9,916	-	-%
May 06, 2024	SG Americas Securities, LLC	reduced	-95.35	-13,326,000	186,000	-%
May 06, 2024	Quantbot Technologies LP	added	30.36	-575,981	360,527	0.02%
May 06, 2024	HighTower Advisors, LLC	sold off	-100	-242,000	-	-%
May 03, 2024	Avion Wealth	new	-	88,000	88,000	0.02%
May 03, 2024	Chevy Chase Trust Holdings, LLC	unchanged	-	-300,300	125,840	-%
May 03, 2024	Larson Financial Group LLC	reduced	-17.26	-5,602	1,812	-%

Are Funds Buying or Selling SAVE?

Are funds buying SAVE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SAVE

No. of Funds

Unveiling Spirit Airlines Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	9.54%	10,418,903	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Jan 26, 2024	blackrock inc.	7.7%	8,421,544	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G
Feb 09, 2023	vanguard group inc	9.33%	10,157,579	SC 13G/A
Jan 31, 2023	blackrock inc.	7.0%	7,668,319	SC 13G/A
Feb 03, 2022	blackrock inc.	7.5%	8,168,581	SC 13G/A
Feb 16, 2021	dimensional fund advisors lp	4.4%	4,280,011	SC 13G/A
Feb 10, 2021	vanguard group inc	8.56%	8,360,066	SC 13G/A
Feb 01, 2021	blackrock inc.	7.5%	7,348,387	SC 13G/A

Recent SEC filings of Spirit Airlines Inc

View All Filings

Date Filed	Form Type	Document
May 06, 2024	10-Q	Quarterly Report
May 06, 2024	8-K	Current Report
Apr 25, 2024	ARS	ARS
Apr 25, 2024	DEF 14A	DEF 14A
Apr 25, 2024	DEFA14A	DEFA14A
Apr 19, 2024	8-K	Current Report
Apr 15, 2024	8-K	Current Report
Apr 15, 2024	8-K/A	Current Report
Apr 08, 2024	8-K	Current Report
Apr 05, 2024	4	Insider Trading

Peers (Alternatives to Spirit Airlines Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
DAL	33.7B	59.0B	13.33%	52.63%	6.72	0.57	9.34%	164.26%
UAL	17.3B	54.8B	22.00%	14.89%	6.45	0.32	12.31%	40.00%
LUV	16.2B	26.7B	-4.73%	-8.75%	49.95	0.6	7.60%	-43.44%
MID-CAP
AAL	9.3B	53.2B	3.56%	-0.77%	18.7	0.18	1.74%	-71.78%
ALK	5.5B	10.5B	1.58%	-0.71%	22.35	0.52	2.96%	315.25%
JBLU	1.9B	9.5B	-16.62%	-19.80%	-2.31	0.2	-2.60%	-178.93%
SMALL-CAP
ALGT	985.5M	2.5B	-17.89%	-48.17%	8.38	0.39	9.04%	4617.05%
ATSG	966.2M	2.1B	13.85%	-0.94%	16.02	0.47	1.23%	-69.62%
HA	648.1M	2.7B	-4.87%	53.94%	-2.16	0.24	-0.99%	-46.20%
SAVE	363.5M	5.3B	-25.06%	-79.15%	-0.75	0.07	-3.17%	-4.93%
MESA	35.2M	498.1M	-	-57.21%	-0.27	0.07	-6.20%	34.25%

Spirit Airlines Inc News

Latest updates

Spirit Airlines Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-4.3%	1,265,537,000	1,321,760,000	1,258,543,000	1,432,472,000	1,349,774,000	1,391,310,000	1,343,179,000	1,366,643,000	967,315,000	987,556,000	922,631,000	859,309,000	461,279,000	498,490,000	401,922,000	138,529,000	771,081,000	969,816,000	991,968,000	1,012,956,000	855,796,000
Operating Expenses	-4.1%	1,472,874,000	1,536,573,000	1,447,303,000	1,412,261,000	1,462,169,000	1,697,039,000	1,379,569,000	1,411,973,000	1,178,783,000	1,049,106,000	908,636,000	766,098,000	563,809,000	658,405,000	501,393,000	328,913,000	829,073,000	845,192,000	867,287,000	849,018,000	767,992,000
S&GA Expenses	-1.5%	45,176,000	45,850,000	46,323,000	50,701,000	48,017,000	46,097,000	47,385,000	48,724,000	35,351,000	37,509,000	36,085,000	35,263,000	23,642,000	22,082,000	17,882,000	11,352,000	33,743,000	38,289,000	39,160,000	40,602,000	35,719,000
EBITDA Margin	-5.9%	-0.02	-0.02	-0.04	-0.01	-0.03	-0.06	-0.01	0.00	-0.06	-0.03	-0.08	-0.15	-	-	-	-	-	-	-	-	-
Interest Expenses	8.9%	39,897,000	36,651,000	32,263,000	37,467,000	31,999,000	27,652,000	25,310,000	28,700,000	25,781,000	29,696,000	26,115,000	39,483,000	40,206,000	24,714,000	18,487,000	19,934,000	17,702,000	20,414,000	18,561,000	22,112,000	19,167,000
Income Taxes	67.7%	-14,432,000	-44,622,000	-46,093,000	17,321,000	-37,737,000	-69,633,000	-12,517,000	-15,106,000	-49,333,000	-4,668,000	-31,776,000	14,553,000	-25,860,000	-47,230,000	-29,380,000	-68,108,000	-46,766,000	25,549,000	25,549,000	34,068,000	16,005,000
Earnings Before Taxes	31.2%	-157,067,000	-228,274,000	-203,645,000	14,972,000	-141,648,000	-340,297,000	-48,894,000	-67,512,000	-244,036,000	-91,827,000	-17,002,000	-273,310,000	-138,181,000	-204,534,000	-128,520,000	-212,536,000	-74,594,000	106,763,000	109,013,000	148,569,000	72,081,000
EBT Margin	-4.4%	-0.11	-0.10	-0.12	-0.09	-0.11	-0.14	-0.10	-0.10	-0.17	-0.16	-0.23	-0.34	-	-	-	-	-	-	-	-	-
Net Income	22.3%	-142,635,000	-183,652,000	-157,552,000	-2,349,000	-103,911,000	-270,664,000	-36,377,000	-52,406,000	-194,703,000	-87,159,000	14,774,000	-287,863,000	-112,321,000	-157,304,000	-99,140,000	-144,428,000	-27,828,000	81,214,000	83,464,000	114,501,000	56,076,000
Net Income Margin	-10.4%	-0.09	-0.08	-0.10	-0.07	-0.09	-0.11	-0.08	-0.08	-0.15	-0.15	-0.20	-0.30	-	-	-	-	-	-	-	-	-
Free Cashflow	11.4%	-357,116,000	-402,916,000	-414,739,000	-230,206,000	-79,364,000	-276,905,000	-339,166,000	-152,919,000	-200,596,000	-288,292,000	-427,218,000	77,327,000	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	1.2%	9,526	9,417	9,362	9,372	9,322	9,185	8,685	8,715	8,612	8,540	8,537	8,671	8,388	8,399	8,557	7,768	7,235	7,043	6,575	6,663	6,424
Current Assets	-1.6%	1,488	1,512	1,449	1,773	1,918	1,994	1,551	1,762	1,829	1,842	2,027	2,388	2,276	2,356	2,499	1,668	1,231	1,385	1,403	1,521	1,517
Cash Equivalents	3.8%	898	865	818	1,111	1,288	1,346	1,049	1,292	1,343	1,429	1,589	1,926	1,838	1,861	2,002	1,157	788	979	936	1,111	1,122
Net PPE	-3.4%	3,400	3,519	3,732	3,741	3,739	3,749	3,881	3,858	3,853	3,857	3,827	3,832	3,817	3,832	3,823	3,810	3,733	3,530	3,334	3,362	3,155
Current Liabilities	-8.5%	1,529	1,672	1,601	1,686	1,753	1,597	1,669	1,737	1,611	1,276	1,304	1,601	1,508	1,342	1,297	1,271	1,231	1,112	1,053	1,211	1,127
Long Term Debt	3.9%	3,175	3,055	3,043	3,081	3,164	3,200	2,658	2,696	2,802	2,976	2,975	3,015	3,048	3,067	3,075	2,334	1,966	1,960	1,969	2,025	2,040
LT Debt, Current	-50.3%	157	315	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholder's Equity	-11.6%	1,002	1,134	1,316	1,471	1,470	1,572	1,840	1,873	1,921	2,114	2,199	2,181	2,093	2,250	2,404	2,343	2,234	2,261	2,180	2,095	1,978
Retained Earnings	-251.3%	-85.88	57.00	240	398	400	504	775	811	864	1,058	1,146	1,131	1,419	1,525	1,682	1,781	1,926	1,955	1,874	1,791	1,676
Additional Paid-In Capital	1.0%	1,170	1,158	1,156	1,153	1,150	1,146	1,143	1,140	1,136	1,132	1,129	1,126	750	800	797	636	383	379	379	378	375
Accumulated Depreciation	1.4%	1,186	1,169	1,162	1,109	1,052	1,099	1,044	990	937	885	832	781	731	680	632	582	538	492	450	368	369
Shares Outstanding	-100.0%	-	109	-	-	-	109	-	-	-	108	-	-	98.00	98.00	-	89.00	-	68.00	-	-	-
Float	-	-	-	-	1,900	-	-	-	2,600	-	-	-	3,300	-	-	-	1,600	-	-	-	3,200	-

Cashflow (Last 12 Months)

(In Millions)

Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	25.1%	-136	-182	-194	-10.06	141	-56.76	-119	67.00	20.00	-68.15	-207	297	187	-95.89	-82.43	-81.54	35.00	193	17.00	136	205
Share Based Compensation	16.6%	3.00	3.00	3.00	3.00	3.00	3.00	3.00	2.00	4.00	3.00	3.00	2.00	4.00	3.00	2.00	3.00	4.00	0.00	2.00	3.00	4.00
Cashflow From Investing	-33.7%	99.00	149	-63.52	-54.46	-67.57	-61.04	-81.34	-65.44	-57.62	-89.00	-84.42	-81.52	-97.51	-41.19	-55.46	-133	-323	-156	-61.60	-134	-103
Cashflow From Financing	-159.6%	-48.08	81.00	-34.25	-112	-131	535	-43.27	-52.63	-47.52	-2.53	-45.83	-128	-111	-4.26	983	584	98.00	7.00	-130	-12.71	16.00
Buy Backs	-31.5%	1.00	1.00	0.00	0.00	2.00	1.00	0.00	0.00	2.00	0.00	0.00	0.00	1.00	0.00	0.00	0.00	2.00	0.00	0.00	0.00	5.00

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SAVE Income Statement

2024-03-31

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating revenues:
Total operating revenues	$ 1,265,537	$ 1,349,774
Operating expenses:
Aircraft fuel	406,351	487,711
Salaries, wages and benefits	431,483	389,185
Landing fees and other rents	106,718	97,345
Aircraft rent	115,206	85,267
Depreciation and amortization	81,346	77,991
Maintenance, materials and repairs	54,915	54,414
Distribution	45,176	48,017
Special charges (credits)	36,258	13,983
Loss (gain) on disposal of assets	(3,029)	7,100
Other operating	198,450	201,156
Total operating expenses	1,472,874	1,462,169
Operating income (loss)	(207,337)	(112,395)
Other (income) expense:
Interest expense	54,809	51,793
Loss (gain) on extinguishment of debt	(14,996)	0
Capitalized interest	(10,003)	(7,648)
Interest income	(13,590)	(15,434)
Other (income) expense	(66,490)	542
Total other (income) expense	(50,270)	29,253
Income (loss) before income taxes	(157,067)	(141,648)
Provision (benefit) for income taxes	(14,432)	(37,737)
Net income (loss)	$ (142,635)	$ (103,911)
Basic earnings (loss) per share (in dollars per share)	$ (1.30)	$ (0.95)
Diluted earnings (loss) per share (in dollars per share)	$ (1.30)	$ (0.95)
Passenger
Operating revenues:
Total operating revenues	$ 1,239,310	$ 1,327,473
Other
Operating revenues:
Total operating revenues	$ 26,227	$ 22,301

SAVE Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 764,788	$ 865,211
Restricted cash	133,585	119,400
Short-term investment securities	113,854	112,501
Accounts receivable, net	212,469	205,468
Prepaid expenses and other current assets	263,713	209,547
Total current assets	1,488,409	1,512,127
Property and equipment:
Flight equipment	3,798,197	3,961,785
Ground property and equipment	787,631	726,364
Less accumulated depreciation	(1,185,536)	(1,169,021)
Total property and equipment, net	3,400,292	3,519,128
Operating lease right-of-use assets	3,859,596	3,561,028
Pre-delivery deposits on flight equipment	443,478	480,717
Deferred heavy maintenance, net	307,276	313,505
Other long-term assets	27,444	30,732
Total assets	9,526,495	9,417,237
Current liabilities:
Accounts payable	85,074	42,098
Air traffic liability	475,653	383,751
Current maturities of long-term debt, net, and finance leases	156,812	315,580
Current maturities of operating leases	234,062	224,865
Other current liabilities	577,433	705,298
Total current liabilities	1,529,034	1,671,592
Long-term debt, net and finance leases, less current maturities	3,175,555	3,055,221
Operating leases, less current maturities	3,593,771	3,298,871
Deferred income taxes	92,783	107,761
Deferred gains and other long-term liabilities	133,095	149,450
Shareholders’ equity:
Common stock	11	11
Additional paid-in-capital	1,169,562	1,158,278
Treasury stock, at cost	(81,271)	(80,635)
Retained earnings (deficit)	(85,880)	56,755
Accumulated other comprehensive income (loss)	(165)	(67)
Total shareholders’ equity	1,002,257	1,134,342
Total liabilities and shareholders’ equity	$ 9,526,495	$ 9,417,237

About Spirit Airlines Inc

Spirit Airlines, Inc. provides airline services. The company provides front seats, including wider seats with extra legroom, carry-on and checked baggage, assigned seats, travel insurance, and onboard beverages and snacks, as well as hotels, cars, vacation packages, and cruises services. It serves 92 destinations in 16 countries in the United States, Latin America, and the Caribbean. As of December 31, 2022, the company had a fleet of 194 Airbus single-aisle aircraft. 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.

CEO	Mr. Edward M. Christie III
WEBSITE	spirit.com
INDUSTRY	Airlines
EMPLOYEES	12025

Spirit Airlines Inc Frequently Asked Questions

What is the ticker symbol for Spirit Airlines Inc? What does SAVE stand for in stocks?

SAVE is the stock ticker symbol of Spirit Airlines Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Spirit Airlines Inc (SAVE)?

As of Tue May 07 2024, market cap of Spirit Airlines Inc is 363.54 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SAVE stock?

You can check SAVE's fair value in chart for subscribers.

What is the fair value of SAVE stock?

You can check SAVE's fair value in chart for subscribers. The fair value of Spirit Airlines Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Spirit Airlines Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SAVE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Spirit Airlines Inc a good stock to buy?

The fair value guage provides a quick view whether SAVE is over valued or under valued. Whether Spirit Airlines Inc is cheap or expensive depends on the assumptions which impact Spirit Airlines Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SAVE.

What is Spirit Airlines Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, SAVE's PE ratio (Price to Earnings) is -0.75 and Price to Sales (PS) ratio is 0.07. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SAVE PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Spirit Airlines Inc's stock?

In the past 10 years, Spirit Airlines Inc has provided -0.244 (multiply by 100 for percentage) rate of return.