Grufity logoGrufity logo

SkyWest Inc Stock Research

SKYW

19.85USD+1.05(+5.59%)Market Closed

Market Summary

USD19.85+1.05
Market Closed
5.59%

SKYW Alerts

SKYW Stock Price

SKYW RSI Chart

SKYW Valuation

Market Cap

922.3M

Price/Earnings (Trailing)

12.64

Price/Sales (Trailing)

0.31

EV/EBITDA

6.89

Price/Free Cashflow

1.97

SKYW Price/Sales (Trailing)

SKYW Profitability

EBT Margin

3.08%

Return on Equity

3.11%

Return on Assets

0.98%

Free Cashflow Yield

50.67%

SKYW Fundamentals

SKYW Revenue

Revenue (TTM)

3.0B

Revenue Y/Y

-12.34%

Revenue Q/Q

-13.71%

SKYW Earnings

Earnings (TTM)

73.0M

Earnings Y/Y

-1.2K%

Earnings Q/Q

-197.38%

Price Action

52 Week Range

14.7633.35
(Low)(High)

Last 7 days

8.3%

Last 30 days

0.3%

Last 90 days

29.8%

Trailing 12 Months

-29.6%

SKYW Financial Health

Current Ratio

1.17

Debt/Equity

1.45

Debt/Cashflow

0.14

SKYW Investor Care

Shares Dilution (1Y)

0.42%

Diluted EPS (TTM)

1.44

Peers (Alternatives to SkyWest)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
57.2B
94.1B
8.14% -2.48%
17.16
0.61
5.07% -32.20%
24.5B
50.6B
-14.00% -15.25%
298.7
0.53
69.18% 370.71%
17.9B
23.8B
-9.71% -31.35%
18.7
0.75
50.82% -2.15%
13.7B
45.0B
-16.47% -2.87%
18.6
0.31
82.49% 137.53%
9.1B
49.0B
-10.41% -18.05%
71.42
0.19
63.88% 106.37%
MID-CAP
5.0B
9.6B
-17.57% -32.12%
85.73
0.52
56.19% -87.87%
2.9B
4.5B
0.24% 22.01%
8.22
0.64
12.86% -27.86%
2.2B
9.2B
-16.32% -53.16%
-6.16
0.24
51.67% -98.90%
SMALL-CAP
1.8B
5.1B
-11.57% -22.05%
-3.29
0.36
56.88% -17.26%
1.5B
2.3B
-16.18% -46.09%
588.83
0.64
34.77% -98.36%
1.5B
2.0B
2.13% -38.98%
7.31
0.71
17.94% -14.19%
922.3M
3.0B
0.30% -29.56%
12.64
0.31
10.74% -34.81%
397.7M
2.6B
-21.85% -57.60%
-1.66
0.15
65.43% -65.83%
79.5M
530.4M
-27.42% -49.78%
-0.45
0.15
5.88% -1403.68%
64.5M
224.4M
-0.13% -0.39%
-25.64
0.29
30.18% -139.59%

Financials for SkyWest

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-3.1%3,0053,1013,0562,9142,713
Operating Expenses-1.0%2,8242,8522,8362,6672,438
EBITDA-10.9%614689654679-
EBITDA Margin-8.0%0.20*0.22*0.21*0.23*-
Earnings Before Taxes-41.9%93.00159117125151
EBT Margin-40.0%0.03*0.05*0.04*0.04*-
Interest Expenses4.9%127121117120123
Net Income-41.4%73.0012486.0094.00112
Net Income Margin-39.5%0.02*0.04*0.03*0.03*-
Free Cahsflow-0.4%467469529605-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-0.5%7,4157,4547,3377,1497,126
  Current Assets8.6%1,3711,2621,2171,0721,069
    Cash Equivalents165.1%10339.0096.00246258
  Net PPE-2.5%5,5005,6395,6005,5005,499
  Current Liabilities1.1%1,1731,1601,1981,1421,195
  Long Term Debt3.7%3,4113,2893,109--
    LT Debt, Current2.1%439429425410392
    LT Debt, Non Current-1.4%2,9422,9822,8642,7912,717
Shareholder's Equity-2.0%2,3482,3962,3452,2902,268
  Retained Earnings-2.1%2,2372,2842,2362,1822,164
Accumulated Depreciation-1.7%2,8842,9342,8552,8262,731
Shares Outstanding0.1%51.0051.0050.00--
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-1.6%480488548621832
  Share Based Compensation5.9%9.009.00---
Cashflow From Investing22.4%-904-1,166-1,072-701-698
Cashflow From Financing-39.5%26944527596.00-90.60

Risks for SKYW

What is the probability of a big loss on SKYW?

84.6%


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

73.8%


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

42.7%


Probability that SkyWest 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 SKYW drawdown profile look like?

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

Drawdowns

Returns for SKYW

Cumulative Returns on SKYW

2.9%


10-Year Cumulative Returns

1.0%


7-Year Cumulative Returns

-17.8%


5-Year Cumulative Returns

-9.8%


3-Year Cumulative Returns

What are the long-term rolling returns for SKYW?

FIve years rolling returns for SkyWest.

Annualized Returns

Which funds bought or sold SKYW recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-23
MetLife Investment Management, LLC
unchanged
-
6,534
431,522
-%
2023-03-17
American Portfolios Advisors
unchanged
-
-499
1,626
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
16.83
161,325
1,028,320
-%
2023-03-06
Rockefeller Capital Management L.P.
unchanged
-
1,000
14,000
-%
2023-02-28
Voya Investment Management LLC
reduced
-52.5
-335,871
313,129
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
4,000
249,000
-%
2023-02-21
MACQUARIE GROUP LTD
sold off
-100
-641,000
-
-%
2023-02-16
HARBOUR INVESTMENTS, INC.
sold off
-100
-1,000
-
-%
2023-02-15
ALLIANCEBERNSTEIN L.P.
reduced
-0.4
14,490
1,295,490
-%
2023-02-15
Metropolitan Life Insurance Co/NY
unchanged
-
497
49,497
-%

1–10 of 45

Latest Funds Activity

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

SkyWest News

InvestorsObserver

What is Wall Street's Target Price for SkyWest Inc (SKYW) Stock Friday?.

InvestorsObserver,
3 days ago

Best Stocks

The Acquirer's Multiple

Michael Burry – Top 10 Holdings – Latest 13F.

The Acquirer's Multiple,
30 days ago

The Wall Street Journal

GuruFocus.com

Kopernik Global Investors, LLC.

GuruFocus.com,
41 days ago

Schedule 13G FIlings of SkyWest

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
kopernik global investors, llc
5.37%
2,716,022
SC 13G
Feb 14, 2023
alliancebernstein l.p.
0.2%
78,467
SC 13G/A
Feb 09, 2023
vanguard group inc
12.20%
6,171,853
SC 13G/A
Feb 08, 2023
etf series solutions
9293%
3,506,106
SC 13G
Jan 23, 2023
blackrock inc.
16.5%
8,361,249
SC 13G/A
Feb 14, 2022
alliancebernstein l.p.
6.8%
3,420,591
SC 13G/A
Feb 10, 2022
vanguard group inc
11.36%
5,724,478
SC 13G/A
Feb 08, 2022
dimensional fund advisors lp
6.6%
3,311,728
SC 13G/A
Jan 27, 2022
blackrock inc.
15.9%
7,987,322
SC 13G/A
Jan 25, 2022
blackrock inc.
15.9%
7,987,322
SC 13G/A

SKYW Fair Value

SkyWest fair value in different scenarios

The table shows the Fair Value estimates for SkyWest 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

14.62

-26.35%

22.70

14.36%

35.57

79.19%

54.54

174.76%

69.44

249.82%
Current Inflation

23.48

18.29%

28.89

45.54%

39.85

100.76%

46.60

134.76%

53.52

169.62%
Very High Inflation

12.22

-38.44%

18.25

-8.06%

27.51

38.59%

40.82

105.64%

51.07

157.28%

Historical SkyWest Fair Value Estimates


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

Recent SEC filings of SkyWest

View All Filings
Date Filed Form Type Document
Mar 23, 2023
ARS
ARS
Mar 23, 2023
DEF 14A
DEF 14A
Mar 23, 2023
DEFA14A
DEFA14A
Feb 24, 2023
4
Insider Trading
Feb 16, 2023
10-K
Annual Report
Feb 14, 2023
SC 13G
Major Ownership Report
Feb 14, 2023
SC 13G/A
Major Ownership Report
Feb 13, 2023
4
Insider Trading
Feb 10, 2023
4
Insider Trading
Feb 10, 2023
SC 13G/A
Major Ownership Report

Latest Insider Trading transactions for SKYW

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-10
Childs Russell A
acquired
83,258
19.00
4,382
president & ceo
2023-02-09
Steel Wade J
acquired
119,973
19.11
6,278
chief commercial officer
2023-02-08
Steel Wade J
acquired
79,996
19.17
4,173
chief commercial officer
2023-02-08
WELCH JAMES L
bought
37,900
18.95
2,000
-
2023-02-08
Woodward Eric
acquired
60,692
19.17
3,166
chief accounting officer
2023-02-08
Childs Russell A
acquired
84,137
19.17
4,389
president & ceo
2023-02-07
Childs Russell A
sold (taxes)
-48,918
18.65
-2,623
president & ceo
2023-02-07
Wooley Greg
acquired
-
-
859
exec vp operations
2023-02-07
Conjeevaram Smita
acquired
-
-
5,362
-
2023-02-07
MITTELSTAEDT RONALD J
acquired
-
-
5,362
-

1–10 of 50

Russell A. Childs
15200
SkyWest, Inc., through its subsidiaries, operates a regional airline in the United States. The company operates through two segment, SkyWest Airlines and SkyWest Leasing. It also leases regional jet aircraft and spare engines to third parties. As of December 31, 2021, the company's fleet consisted of 629 aircraft; and provided scheduled passenger and air freight services with approximately 2,080 total daily departures to various destinations in the United States, Canada, Mexico, and the Caribbean. In addition, it offers airport customer and ground handling services for other airlines. SkyWest, Inc. was incorporated in 1972 and is headquartered in St. George, Utah.

SKYW Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING REVENUES:   
Total operating revenues$ 3,004,925$ 2,713,491$ 2,127,106
OPERATING EXPENSES:   
Salaries, wages and benefits1,211,551986,664826,109
Aircraft maintenance, materials and repairs644,157817,803618,989
Depreciation and amortization394,552440,198474,959
Aircraft fuel108,456107,05761,739
Aircraft rentals75,35363,35765,316
Airport-related expenses71,549104,69093,886
Special items 84,592 
Payroll support grant (422,669)(345,491)
Other operating expenses318,145255,932222,797
Total operating expenses2,823,7632,437,6242,018,304
OPERATING INCOME181,162275,867108,802
OTHER INCOME (EXPENSE):   
Interest income17,6051,1145,879
Interest expense(127,083)(123,122)(123,173)
Other income (expense), net20,899(3,249)1,165
Total other expense, net(88,579)(125,257)(116,129)
INCOME (LOSS) BEFORE INCOME TAXES92,583150,610(7,327)
PROVISION FOR INCOME TAXES19,63038,7001,188
NET INCOME (LOSS)$ 72,953$ 111,910$ (8,515)
BASIC EARNINGS PER SHARE (in dollars per share)$ 1.44$ 2.22$ (0.17)
DILUTED EARNINGS PER SHARE (in dollars per share)$ 1.44$ 2.20$ (0.17)
Weighted average common shares:   
Basic (in shares)50,54850,34850,195
Diluted (in shares)50,64450,75350,195
COMPREHENSIVE INCOME (LOSS):   
Net income (loss)$ 72,953$ 111,910$ (8,515)
Net unrealized depreciation on marketable securities, net of taxes(3,802)  
TOTAL COMPREHENSIVE INCOME (LOSS)69,151111,910(8,515)
Flying agreements   
OPERATING REVENUES:   
Total operating revenues2,899,8372,615,0762,060,801
Lease, airport services and other   
OPERATING REVENUES:   
Total operating revenues$ 105,088$ 98,415$ 66,305

SKYW Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:  
Cash and cash equivalents$ 102,984$ 258,421
Marketable securities944,231601,989
Receivables, net100,52365,348
Inventories, net123,209104,093
Other current assets100,33438,742
Total current assets1,371,2811,068,593
PROPERTY AND EQUIPMENT:  
Aircraft and rotable spares8,143,6147,848,100
Deposits on aircraft23,931124,964
Buildings and ground equipment265,019256,595
Total property and equipment, gross8,432,5648,229,659
Less-accumulated depreciation and amortization(2,884,084)(2,731,060)
Total property and equipment, net5,548,4805,498,599
OTHER ASSETS:  
Operating lease right-of-use assets151,928238,516
Long-term receivables and other assets342,864320,239
Total other assets494,792558,755
Total assets7,414,5537,125,947
CURRENT LIABILITIES:  
Current maturities of long-term debt438,502391,798
Accounts payable422,001496,333
Accrued salaries, wages and benefits186,285150,583
Current maturities of operating lease liabilities71,72678,886
Taxes other than income taxes20,48028,869
Other current liabilities33,54948,152
Total current liabilities1,172,5431,194,621
LONG-TERM DEBT, net of current maturities2,941,7722,717,420
DEFERRED INCOME TAXES PAYABLE687,060663,236
NONCURRENT OPERATING LEASE LIABILITIES88,622158,274
OTHER LONG-TERM LIABILITIES176,925124,882
COMMITMENTS AND CONTINGENCIES (Note 7)
STOCKHOLDERS' EQUITY:  
Preferred stock, 5,000,000 shares authorized; none issued
Common stock, no par value, 120,000,000 shares authorized; 82,592,830 and 82,335,970 shares issued as of December 31, 2022, and December 31, 2021, respectively734,426722,310
Retained earnings2,236,8692,163,916
Treasury stock, at cost, 31,994,416 and 31,956,047 shares as of December 31, 2022, and December 31, 2021, respectively(619,862)(618,712)
Accumulated other comprehensive loss(3,802) 
Total stockholders' equity2,347,6312,267,514
Total liabilities and stockholders' equity$ 7,414,553$ 7,125,947