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MESA AIR GROUP INC Stock Research

MESA

3.00USD+0.21(+7.51%)Delayed

Market Summary

USD3.00+0.21
Delayed
7.51%

MESA Stock Price

MESA RSI Chart

MESA Valuation

Market Cap

109.1M

Price/Earnings (Trailing)

-0.6

Price/Sales (Trailing)

0.21

EV/EBITDA

-4.7

Price/Free Cashflow

8.17

MESA Price/Sales (Trailing)

MESA Profitability

EBT Margin

-44.19%

Return on Equity

-59.28%

Return on Assets

-16.37%

Free Cashflow Yield

12.24%

MESA Fundamentals

MESA Revenue

Revenue (TTM)

531.0M

Revenue Y/Y

-3.94%

Revenue Q/Q

-6.52%

MESA Earnings

Earnings (TTM)

-182.7M

Earnings Y/Y

-1.4K%

Earnings Q/Q

-1.1K%

Price Action

52 Week Range

1.035.36
(Low)(High)

Last 7 days

15.8%

Last 30 days

154.2%

Last 90 days

106.9%

Trailing 12 Months

-35.8%

MESA Financial Health

Current Ratio

0.46

Debt/Equity

1.63

Debt/Cashflow

0.03

MESA Investor Care

Shares Dilution (1Y)

1.16%

Diluted EPS (TTM)

-5.06

Peers (Alternatives to MESA AIR GROUP)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
49.6B
94.1B
10.12% -20.57%
14.88
0.53
5.07% -32.20%
24.5B
46.6B
21.07% 1.02%
298.7
0.53
91.03% 220.59%
21.5B
22.7B
12.58% -15.37%
17.28
0.95
77.96% 374.81%
15.9B
-
30.68% 19.06%
-21.19
0.35
105.23% 76.61%
10.7B
24.7B
33.36% 4.12%
-6.64
0.45
56.54% 50.37%
MID-CAP
6.5B
9.1B
23.54% -3.00%
119.83
0.71
78.29% 315.38%
2.9B
4.4B
0.69% 33.94%
7.11
0.65
16.29% -18.77%
2.6B
8.6B
28.76% -42.58%
-5.01
0.3
76.30% -20.89%
2.4B
4.7B
2.60% -4.73%
-6.34
0.5
70.14% 31.71%
2.1B
2.0B
5.97% 6.50%
10.28
1.03
20.80% 5.98%
SMALL-CAP
1.6B
2.2B
35.59% -49.87%
-39.54
0.71
50.05% -134.97%
1.0B
3.1B
36.25% -45.94%
8.24
0.33
22.76% 103.49%
612.8M
-
23.27% -25.82%
-2.17
0.34
92.16% -31.54%
109.1M
531.0M
154.24% -35.76%
-0.6
0.21
5.44% -1201.27%
69.0M
208.4M
-1.06% 6.23%
-37.28
0.33
14.05% -125.44%

Financials for MESA AIR GROUP

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-1.0%531,001,000536,150,000526,910,000500,977,000503,591,000
  S&GA Expenses-2.5%43,966,00045,081,00046,056,00049,360,00049,855,000
EBITDA-697.8%-117,871,000.0019,717,00038,737,000102,074,000-
EBITDA Margin-703.6%-0.220.040.070.20-
Earnings Before Taxes-144.6%-234,668,000.00-95,932,000.00-77,653,000.00-14,909,000.0022,416,000
EBT Margin-147.0%-0.44-0.18-0.15-0.03-
Interest Expenses6.8%35,289,00033,032,00032,943,00033,578,00034,730,000
Net Income-145.1%-182,678,000.00-74,537,000.00-60,276,000.00-11,804,000.0016,588,000
Net Income Margin-147.5%-0.34-0.14-0.11-0.02-
Free Cahsflow-12.3%13,362,00015,243,00064,254,00058,349,000-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-15.5%1,1161,3201,3531,4341,457
  Current Assets3.1%9895120138158
    Cash Equivalents5.9%585476102121
  Net PPE-19.3%8651,0731,0641,1581,152
Liabilities-10.0%807897921960969
  Current Liabilities-10.7%214240249250258
  Long Term Debt-4.0%503523521547540
    LT Debt, Current1.0%113112111112-
    LT Debt, Non Current0.3%523521547540-
Shareholder's Equity-27.2%308423433474488
  Retained Earnings-70.2%49165175217232
Accumulated Depreciation4.0%471453489470-
Shares Outstanding0.2%3636363636
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-12.3%13156458133
  Share Based Compensation-2.0%33333
Cashflow From Investing102.4%1-56.82-51.80-58.63-33.47
Cashflow From Financing8.1%-77.57-84.38-84.43-78.97-78.37
  Buy Backs-11.7%01111

Risks for MESA

What is the probability of a big loss on MESA?

93.2%


Probability that MESA AIR GROUP stock will be more than 20% underwater in next one year

92.4%


Probability that MESA AIR GROUP stock will be more than 30% underwater in next one year.

85.6%


Probability that MESA AIR GROUP stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MESA drawdown profile look like?

Y-axis is the maximum loss one would have experienced if MESA AIR GROUP was unfortunately bought at previous high price.

Drawdowns

Returns for MESA

Cumulative Returns on MESA

-29.7%


3-Year Cumulative Returns

Which funds bought or sold MESA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-01-24
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC
sold off
-100
-35,000
-
-%
2022-11-16
BNP PARIBAS ARBITRAGE, SNC
reduced
-10.59
-115,719
238,877
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
sold off
-100
-5,000
-
-%
2022-11-15
CONCOURSE FINANCIAL GROUP SECURITIES, INC.
sold off
-
-
-
-%
2022-11-15
STATE STREET CORP
unchanged
-
-67,000
207,000
-%
2022-11-15
JANE STREET GROUP, LLC
sold off
-100
-27,000
-
-%
2022-11-14
MARSHALL WACE, LLP
sold off
-100
-119,000
-
-%
2022-11-14
MILLENNIUM MANAGEMENT LLC
reduced
-39.04
-609,000
517,000
-%
2022-11-14
GEODE CAPITAL MANAGEMENT, LLC
reduced
-0.54
-183,000
549,000
-%
2022-11-14
TWO SIGMA INVESTMENTS, LP
reduced
-33.46
-341,000
342,000
-%

1–10 of 45

Latest Funds Activity

Are funds buying MESA calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own MESA
No. of Funds

MESA AIR GROUP News

GuruFocus.com

Mesa Air Group Announces First.

GuruFocus.com,
2 days ago

Seeking Alpha

InvestorsObserver

InvestorsObserver

InvestorsObserver

Seeking Alpha

Schedule 13G FIlings of MESA AIR GROUP

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Jan 23, 2023
united airlines holdings, inc.
9998%
4,042,061
SC 13D
Jul 08, 2022
blackrock inc.
2.1%
754,277
SC 13G
Feb 14, 2022
msd partners, l.p.
0.74%
264,723
SC 13G/A
Feb 10, 2022
corre partners management, llc
0.0%
0
SC 13G/A
Feb 01, 2022
blackrock inc.
6.8%
2,458,343
SC 13G/A
Jan 28, 2022
ubs group ag
0.08%
29,748
SC 13G/A
Mar 19, 2021
integrated core strategies (us) llc
0.0%
1,492
SC 13G
Feb 16, 2021
frontier capital management co llc
0.0%
0
SC 13G/A
Feb 16, 2021
owl creek asset management, l.p.
0.0%
0
SC 13G/A
Feb 12, 2021
msd partners, l.p.
6.2%
2,255,918
SC 13G/A

MESA Fair Value

Recent SEC filings of MESA AIR GROUP

View All Filings
Date Filed Form Type Document
Jan 23, 2023
SC 13D
13D - Major Acquisition
Jan 20, 2023
8-K
Current Report
Jan 11, 2023
DEF 14A
DEF 14A
Dec 29, 2022
8-K
Current Report
Dec 29, 2022
10-K
Annual Report
Dec 28, 2022
8-K
Current Report
Dec 20, 2022
8-K
Current Report
Dec 13, 2022
NT 10-K
NT 10-K

Latest Insider Trading transactions for MESA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-07-15
GILLMAN BRIAN S
acquired
-
-
2,527
evp/gc/secretary
2022-07-15
GILLMAN BRIAN S
sold (taxes)
-2,131.5
2.03
-1,050
evp/gc/secretary
2022-06-01
ORNSTEIN JONATHAN G
acquired
-
-
136,082
ceo
2022-06-01
ORNSTEIN JONATHAN G
sold (taxes)
-163,975
2.9
-56,543
ceo
2022-06-01
LOTZ MICHAEL
acquired
-
-
107,776
president & chief officer
2022-06-01
LOTZ MICHAEL
sold (taxes)
-129,865
2.9
-44,781
president & chief officer
2022-06-01
GILLMAN BRIAN S
acquired
-
-
31,280
evp/gc/secretary
2022-06-01
GILLMAN BRIAN S
sold (taxes)
-38,143.7
2.9
-13,153
evp/gc/secretary
2022-04-08
RICH BRADFORD R
acquired
-
-
6,996
evp & chief operating officer
2022-04-08
RICH BRADFORD R
sold (taxes)
-7,406.25
3.75
-1,975
evp & chief operating officer

1–10 of 50

About MESA AIR GROUP

Jonathan G. Ornstein
3240
Mesa Air Group, Inc. operates as the holding company for Mesa Airlines, Inc. that provides regional air carrier services under capacity purchase agreements with the American Airlines and the United Airlines. It also engages in leasing aircrafts to third parties. As of September 30, 2021, the company operated a fleet of 167 aircraft, which include 153 owned aircrafts and 14 leased aircrafts with approximately 507 daily departures to 129 cities in the United States and Mexico. Mesa Air Group, Inc. was founded in 1982 and is headquartered in Phoenix, Arizona.

MESA Income Statement

2022-09-30
Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2020
Operating revenues:   
Contract revenue$ 531,001$ 503,591$ 545,070
Operating expenses:   
Flight operations177,038162,137169,242
Maintenance201,930217,646192,123
Aircraft rent36,98939,34548,802
General and administrative43,96649,85552,246
Depreciation and amortization81,50882,84782,296
Lease termination2334,508 
Asset impairment171,824  
Other operating expenses7,2383,5364,028
Government grant recognition (119,479)(83,834)
Total operating expenses720,726440,395464,903
Operating (loss) income(189,725)63,19680,167
Other income (expense), net:   
Interest expense(35,289)(34,730)(44,120)
Interest income139365105
Gain on sale aircraft4,723  
Loss on investments, net(13,715)(6,816) 
Other (expense) income, net(801)401843
Total other expense, net(44,943)(40,780)(43,172)
(Loss) income before taxes(234,668)22,41636,995
Income tax (benefit) provision(51,990)5,8289,531
Net (loss) income and comprehensive (loss) income$ (182,678)$ 16,588$ 27,464
Net (loss) income per share   
Basic$ (5.06)$ 0.46$ 0.78
Diluted$ (5.06)$ 0.43$ 0.78
Weighted-average common shares outstanding   
Basic36,13335,71335,237
Diluted36,13338,84335,308
Contract Revenue   
Operating revenues:   
Contract revenue$ 478,482$ 434,518$ 506,590
Pass Through And Other Revenue   
Operating revenues:   
Contract revenue$ 52,519$ 69,073$ 38,480

MESA Balance Sheet

2022-09-30
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Sep. 30, 2021
Current assets:  
Cash and cash equivalents$ 57,683$ 120,517
Restricted cash3,3423,350
Receivables, net3,9783,167
Expendable parts and supplies, net26,71524,467
Prepaid expenses and other current assets6,6166,885
Total current assets98,334158,386
Property and equipment, net865,2541,151,891
Intangible assets, net3,8426,792
Lease and equipment deposits6,0856,808
Operating lease right-of-use assets43,09093,100
Deferred heavy maintenance, net9,7073,499
Assets held for sale73,000 
Other assets16,29036,121
Total assets1,115,6021,456,597
Current liabilities:  
Current portion of long-term debt and finance leases97,218111,710
Current portion of deferred revenue3856,298
Current maturities of operating leases17,23332,652
Accounts payable59,38661,476
Accrued compensation11,25512,399
Other accrued expenses29,00033,657
Total current liabilities214,477258,192
Long-term debt and finance leases, excluding current portion502,517539,700
Noncurrent operating lease liabilities16,73233,991
Deferred credits3,0823,934
Deferred income taxes17,71969,940
Deferred revenue, net of current portion23,68228,202
Other noncurrent liabilities29,21934,591
Total noncurrent liabilities592,951710,358
Total liabilities807,428968,550
Commitments and contingencies (Note 17)
Stockholders' equity:  
Common stock of no par value and additional paid-in capital, 125,000,000 shares authorized; 36,376,897 (2022) and 35,958,759 (2021) shares issued and outstanding, and 4,899,497 (2022) and 4,899,497 (2021) warrants issued and outstanding259,177256,372
Retained earnings48,997231,675
Total stockholders' equity308,174488,047
Total liabilities and stockholders' equity$ 1,115,602$ 1,456,597