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Spirit Airlines Inc Stock Research

SAVE

16.78USD-0.05(-0.30%)Market Closed

Market Summary

USD16.78-0.05
Market Closed
-0.30%

SAVE Alerts

SAVE Stock Price

SAVE RSI Chart

SAVE Valuation

Market Cap

1.8B

Price/Earnings (Trailing)

-3.3

Price/Sales (Trailing)

0.36

EV/EBITDA

-13.14

Price/Free Cashflow

-20.53

SAVE Price/Sales (Trailing)

SAVE Profitability

EBT Margin

-13.83%

Return on Equity

-35.26%

Return on Assets

-6.03%

Free Cashflow Yield

-4.87%

SAVE Fundamentals

SAVE Revenue

Revenue (TTM)

5.1B

Revenue Y/Y

40.88%

Revenue Q/Q

3.58%

SAVE Earnings

Earnings (TTM)

-554.1M

Earnings Y/Y

-210.54%

Earnings Q/Q

-644.05%

Price Action

52 Week Range

15.6627.43
(Low)(High)

Last 7 days

-1.9%

Last 30 days

-11.9%

Last 90 days

-14.5%

Trailing 12 Months

-22.6%

SAVE Financial Health

Current Ratio

1.25

Debt/Equity

2.04

Debt/Cashflow

-0.03

SAVE Investor Care

Shares Dilution (1Y)

0.47%

Diluted EPS (TTM)

-5.1

Peers (Alternatives to Spirit Airlines)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
56.6B
94.1B
7.28% -2.85%
16.99
0.6
5.07% -32.20%
24.5B
50.6B
-14.64% -15.22%
298.7
0.53
69.18% 370.71%
17.6B
23.8B
-11.82% -32.54%
18.38
0.74
50.82% -2.15%
13.5B
45.0B
-15.21% -3.32%
18.35
0.3
82.49% 137.53%
8.9B
49.0B
-11.83% -17.94%
70.29
0.18
63.88% 106.37%
MID-CAP
4.9B
9.6B
-19.76% -31.84%
83.84
0.5
56.19% -87.87%
2.9B
4.5B
0.24% 22.01%
8.22
0.64
12.86% -27.86%
2.2B
9.2B
-18.29% -53.60%
-6.05
0.24
51.67% -98.90%
SMALL-CAP
1.8B
5.1B
-11.87% -22.57%
-3.3
0.36
56.88% -17.26%
1.5B
2.3B
-16.67% -46.88%
594.32
0.64
34.77% -98.36%
1.5B
2.0B
-18.32% -41.26%
7.31
0.71
17.94% -14.19%
951.1M
3.0B
-3.59% -32.95%
13.04
0.32
10.74% -34.81%
398.7M
2.6B
-23.04% -58.24%
-1.66
0.15
65.43% -65.83%
78.2M
530.4M
-30.42% -51.14%
-0.44
0.15
5.88% -1403.68%
63.4M
224.4M
-7.28% -3.27%
-25.19
0.28
30.18% -139.59%

Financials for Spirit Airlines

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue8.7%5,068,447,0004,664,693,0004,244,145,0003,736,811,0003,230,775,000
Operating Expenses12.9%5,667,364,0005,019,431,0004,548,498,0003,902,623,0003,287,649,000
  S&GA Expenses5.1%177,557,000168,969,000157,669,000144,208,000132,499,000
EBITDA-657.3%-280,206,000-37,002,000-8,229,000-178,400,000-
EBITDA Margin-597.0%-0.06-0.010.00-0.05-
Earnings Before Taxes-54.9%-700,739,000-452,269,000-420,377,000-626,175,000-520,320,000
EBT Margin-42.6%-0.14-0.10-0.10-0.17-
Interest Expenses-1.9%107,443,000109,487,000110,292,000121,075,000135,500,000
Net Income-49.5%-554,150,000-370,645,000-319,494,000-554,951,000-472,569,000
Net Income Margin-37.6%-0.11-0.08-0.08-0.15-
Free Cahsflow11.3%-89,022,000-100,409,000-188,461,00041,785,000-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets5.7%9,1858,6858,7158,6128,540
  Current Assets28.6%1,9941,5511,7621,8291,842
    Cash Equivalents41.2%1,3469531,1971,2481,334
  Net PPE-3.4%3,7493,8813,8583,8533,857
  Current Liabilities-4.3%1,5971,6691,7371,6111,276
  Long Term Debt20.4%3,2002,6582,6962,8022,976
Shareholder's Equity-14.6%1,5721,8401,8731,9212,114
  Retained Earnings-34.9%5047758118641,058
  Additional Paid-In Capital0.3%1,1461,1431,1401,1361,132
Accumulated Depreciation5.2%1,0991,044990937885
Shares Outstanding0.5%109108---
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations11.3%-89.02-100-18842.00209
  Share Based Compensation3.4%11.0011.0012.0012.0013.00
Cashflow From Investing9.5%-265-293-296-312-352
Cashflow From Financing368.1%391-145-148-224-288
  Buy Backs19.7%2.002.002.002.002.00

Risks for SAVE

What is the probability of a big loss on SAVE?

95%


Probability that Spirit Airlines stock will be more than 20% underwater in next one year

76.9%


Probability that Spirit Airlines stock will be more than 30% underwater in next one year.

53.5%


Probability that Spirit Airlines 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 SAVE drawdown profile look like?

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

Drawdowns

Returns for SAVE

Cumulative Returns on SAVE

-4.1%


10-Year Cumulative Returns

-13.8%


7-Year Cumulative Returns

-15.9%


5-Year Cumulative Returns

7.4%


3-Year Cumulative Returns

What are the long-term rolling returns for SAVE?

FIve years rolling returns for Spirit Airlines.

Annualized Returns

Which funds bought or sold SAVE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-0.06
8,240
238,240
-%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-9.29
-12,000
190,000
-%
2023-03-01
Lakewood Asset Management LLC
new
-
4,000
4,000
-%
2023-02-28
Voya Investment Management LLC
unchanged
-
27,855
807,855
-%
2023-02-27
Parallax Volatility Advisers, L.P.
added
1,800
1,480
1,480
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
reduced
-23.67
-1,763,000
6,633,000
0.07%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
added
272
30,278
41,278
-%
2023-02-21
MACQUARIE GROUP LTD
sold off
-100
-17,000
-
-%
2023-02-21
MACQUARIE GROUP LTD
reduced
-0.27
-1,463,000
24,292,000
0.03%
2023-02-17
Coppell Advisory Solutions Corp.
new
-
4,149
4,149
-%

1–10 of 35

Latest Funds Activity

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

Spirit Airlines News

Defense World

StockNews.com Begins Coverage on Spirit Airlines (NASDAQ:SAVE).

Defense World,
14 hours ago

Investor's Business Daily

Marketscreener.com

Schedule 13G FIlings of Spirit Airlines

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
9.33%
10,157,579
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G
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
Nov 10, 2020
fmr llc
-
0
SC 13G/A
Jun 10, 2020
fmr llc
-
0
SC 13G/A
Feb 12, 2020
vanguard group inc
9.14%
6,262,336
SC 13G/A

SAVE Fair Value

Spirit Airlines fair value in different scenarios

The table shows the Fair Value estimates for Spirit Airlines for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

36.95

120.20%

61.09

264.06%

96.22

473.42%

136.60

714.06%

164.63

881.11%
Current Inflation

34.53

105.78%

55.82

232.66%

86.15

413.41%

120.72

619.43%

144.54

761.38%
Very High Inflation

31.45

87.43%

49.33

193.98%

74.07

341.42%

101.95

507.57%

120.96

620.86%

Historical Spirit Airlines Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Spirit Airlines

View All Filings
Date Filed Form Type Document
Mar 21, 2023
4
Insider Trading
Mar 14, 2023
8-K
Current Report
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
8-K
Current Report
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading

Latest Insider Trading transactions for SAVE

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-17
Vanier Kevin Blake
sold (taxes)
-
-
-2,604
vp of fp & a
2023-03-06
Canfield Thomas C
acquired
14,887
16.36
910
svp, general counsel and sec
2023-03-06
Wiggins Rocky
acquired
12,957
16.36
792
svp and cio
2023-03-06
Bendoraitis John A.
acquired
15,623
16.36
955
evp and coo
2023-03-06
Klein Matthew H
acquired
18,126
16.36
1,108
evp, cco
2023-03-06
McMenamy Brian J.
acquired
5,824
16.36
356
vp & controller
2023-03-06
Christie Edward M III
acquired
38,413
16.36
2,348
president and ceo
2023-03-06
Haralson Scott
acquired
14,233
16.36
870
evp and cfo
2023-01-30
Haralson Scott
acquired
-
-
19,624
evp and cfo
2023-01-30
JOHNSON ROBERT D
acquired
-
-
6,088
-

1–10 of 50

Edward M. Christie
9220
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. It sells 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.

SAVE Income Statement

2022-09-30
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating revenues:    
Total operating revenues$ 1,343,179$ 922,631$ 3,677,137$ 2,243,219
Operating expenses:    
Salaries, wages and benefits311,957277,372926,481780,300
Aircraft fuel508,496259,6181,435,714617,373
Landing fees and other rents95,17477,703270,131231,308
Depreciation and amortization78,18474,260230,844222,275
Aircraft rent75,33265,873210,008185,296
Maintenance, materials and repairs45,12641,183136,048110,725
Distribution47,38536,085131,46094,990
Loss on disposal of assets9,37453231,5621,838
Special charges (credits)38,359(85,775)71,926(377,715)
Other operating170,182161,785526,151372,153
Total operating expenses1,379,569908,6363,970,3252,238,543
Operating income (loss)(36,390)13,995(293,188)4,676
Other (income) expense:    
Interest expense23,70835,70991,712120,177
Loss on extinguishment of debt000331,630
Capitalized interest(5,964)(4,677)(16,903)(14,040)
Interest income(5,642)(306)(8,670)(5,050)
Other (income) expense4022711,115452
Total other (income) expense12,50430,99767,254433,169
Income (loss) before income taxes(48,894)(17,002)(360,442)(428,493)
Provision (benefit) for income taxes(12,517)(31,776)(76,956)(43,083)
Net income (loss)$ (36,377)$ 14,774$ (283,486)$ (385,410)
Basic income (loss) per share (in dollars per share)$ (0.33)$ 0.14$ (2.61)$ (3.71)
Diluted income (loss) per share (in dollars per share)$ (0.33)$ 0.14$ (2.61)$ (3.71)
Passenger    
Operating revenues:    
Total operating revenues$ 1,322,079$ 907,232$ 3,619,694$ 2,204,074
Other    
Operating revenues:    
Total operating revenues$ 21,100$ 15,399$ 57,443$ 39,145

SAVE Balance Sheet

2022-09-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 953,428$ 1,333,507
Restricted cash95,40095,400
Short-term investment securities106,255106,313
Accounts receivable, net172,212128,828
Aircraft maintenance deposits, net13,75610,726
Income tax receivable36,36337,890
Prepaid expenses and other current assets173,139129,827
Total current assets1,550,5531,842,491
Property and equipment:  
Flight equipment4,447,8774,356,523
Ground property and equipment477,752384,928
Less accumulated depreciation(1,044,492)(884,858)
Total property and equipment, net3,881,1373,856,593
Operating lease right-of-use assets2,332,8081,950,520
Pre-delivery deposits on flight equipment496,812484,821
Long-term aircraft maintenance deposits25,88038,166
Deferred heavy maintenance, net360,034330,062
Other long-term assets38,27137,372
Total assets8,685,4958,540,025
Current liabilities:  
Accounts payable112,00744,952
Air traffic liability495,815382,317
Current maturities of long-term debt, net and finance leases353,937208,948
Current maturities of operating leases175,614158,631
Other current liabilities531,158480,754
Total current liabilities1,668,5311,275,602
Long-term debt, net and finance leases, less current maturities2,657,8302,975,823
Operating leases, less current maturities2,104,4841,751,351
Deferred income taxes297,875375,472
Deferred gains and other long-term liabilities116,99847,742
Shareholders’ equity:  
Common stock1111
Additional paid-in-capital1,143,0761,131,826
Treasury stock, at cost(77,446)(75,639)
Retained earnings774,8831,058,369
Accumulated other comprehensive loss(747)(532)
Total shareholders’ equity1,839,7772,114,035
Total liabilities and shareholders’ equity$ 8,685,495$ 8,540,025