Skywest Stock Probability Of Bankruptcy

SKYW Stock

USD 111.90 2.34 2.14%

SkyWest's odds of distress is under 20% at this time. It has slight probability of undergoing some form of financial hardship in the near future. SkyWest's Odds of financial turmoil is determined by interpolating and adjusting SkyWest Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the SkyWest balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out SkyWest Piotroski F Score and SkyWest Altman Z Score analysis.

For more information on how to buy SkyWest Stock please use our How to Invest in SkyWest guide.

Enterprise Value is likely to climb to about 4 B in 2024, whereas Market Cap is likely to drop slightly above 420.3 M in 2024.

SkyWest Company odds of financial turmoil Analysis

SkyWest's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.

Probability Of Bankruptcy

Normalized

Z-Score

More About Probability Of Bankruptcy | All Equity Analysis

Current SkyWest Probability Of Bankruptcy

Less than 20%

Most of SkyWest's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, SkyWest is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Our calculation of SkyWest probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting SkyWest odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of SkyWest financial health.

Is Passenger Airlines space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SkyWest. If investors know SkyWest will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SkyWest listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

2.927

Earnings Share

5.84

Revenue Per Share

82.64

Quarterly Revenue Growth

0.191

Return On Assets

0.0339

The market value of SkyWest is measured differently than its book value, which is the value of SkyWest that is recorded on the company's balance sheet. Investors also form their own opinion of SkyWest's value that differs from its market value or its book value, called intrinsic value, which is SkyWest's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SkyWest's market value can be influenced by many factors that don't directly affect SkyWest's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between SkyWest's value and its price as these two are different measures arrived at by different means. Investors typically determine if SkyWest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SkyWest's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

SkyWest Probability Of Bankruptcy Driver Correlations

Understanding the fundamental principles of building solid financial models for SkyWest is extremely important. It helps to project a fair market value of SkyWest Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since SkyWest's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of SkyWest's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of SkyWest's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Short Term Investments	Common Stock	Long Term Debt	Treasury Stock	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Long Term Debt Total	Deferred Long Term Liab	Accumulated Depreciation	Long Term Investments	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.99	0.94	0.98	0.22	1.0	0.39	0.96	-0.2	0.9	0.72	0.66	0.9	-0.97	0.97	-0.03	0.77	0.76	-0.36	-0.73	0.78	0.83	-0.12	-0.58	0.55
Total Stockholder Equity	0.99		0.93	0.98	0.27	0.98	0.42	0.93	-0.18	0.88	0.73	0.67	0.89	-0.98	0.94	-0.05	0.78	0.72	-0.35	-0.74	0.73	0.8	-0.12	-0.58	0.51
Net Debt	0.94	0.93		0.93	0.06	0.94	0.18	0.96	-0.4	0.8	0.68	0.55	0.92	-0.91	0.94	0.13	0.83	0.87	-0.55	-0.69	0.88	0.91	-0.09	-0.59	0.54
Retained Earnings	0.98	0.98	0.93		0.17	0.97	0.29	0.96	-0.28	0.91	0.69	0.6	0.83	-0.94	0.98	0.05	0.85	0.78	-0.42	-0.82	0.78	0.87	-0.13	-0.69	0.65
Net Receivables	0.22	0.27	0.06	0.17		0.19	0.79	0.0	0.73	0.19	0.5	0.08	0.18	-0.29	0.07	0.05	-0.03	-0.16	0.3	0.02	-0.26	-0.16	-0.04	0.13	-0.1
Total Liab	1.0	0.98	0.94	0.97	0.19		0.38	0.96	-0.21	0.9	0.7	0.65	0.9	-0.96	0.97	-0.01	0.76	0.77	-0.36	-0.72	0.8	0.84	-0.12	-0.58	0.57
Total Current Assets	0.39	0.42	0.18	0.29	0.79	0.38		0.21	0.69	0.35	0.68	0.42	0.38	-0.46	0.19	-0.15	0.0	-0.07	0.35	-0.11	-0.12	-0.03	-0.1	0.24	-0.06
Short Term Debt	0.96	0.93	0.96	0.96	0.0	0.96	0.21		-0.39	0.88	0.69	0.59	0.86	-0.91	0.96	0.03	0.83	0.85	-0.4	-0.82	0.84	0.93	-0.18	-0.6	0.65
Intangible Assets	-0.2	-0.18	-0.4	-0.28	0.73	-0.21	0.69	-0.39		-0.19	0.09	-0.24	-0.28	0.13	-0.35	-0.04	-0.56	-0.66	0.55	0.38	-0.66	-0.64	0.02	0.42	-0.32
Accounts Payable	0.9	0.88	0.8	0.91	0.19	0.9	0.35	0.88	-0.19		0.65	0.55	0.7	-0.82	0.9	0.04	0.7	0.67	-0.31	-0.81	0.68	0.76	-0.38	-0.61	0.75
Short Term Investments	0.72	0.73	0.68	0.69	0.5	0.7	0.68	0.69	0.09	0.65		0.51	0.7	-0.73	0.61	0.19	0.6	0.52	-0.07	-0.59	0.43	0.59	-0.25	-0.15	0.39
Common Stock	0.66	0.67	0.55	0.6	0.08	0.65	0.42	0.59	-0.24	0.55	0.51		0.71	-0.7	0.58	-0.38	0.54	0.52	-0.01	-0.46	0.51	0.55	0.07	-0.26	0.11
Long Term Debt	0.9	0.89	0.92	0.83	0.18	0.9	0.38	0.86	-0.28	0.7	0.7	0.71		-0.93	0.83	-0.12	0.75	0.82	-0.38	-0.53	0.78	0.8	0.05	-0.41	0.23
Treasury Stock	-0.97	-0.98	-0.91	-0.94	-0.29	-0.96	-0.46	-0.91	0.13	-0.82	-0.73	-0.7	-0.93		-0.9	0.16	-0.75	-0.7	0.26	0.68	-0.69	-0.77	0.05	0.55	-0.38
Property Plant Equipment	0.97	0.94	0.94	0.98	0.07	0.97	0.19	0.96	-0.35	0.9	0.61	0.58	0.83	-0.9		0.1	0.83	0.83	-0.48	-0.76	0.86	0.9	-0.07	-0.7	0.68
Current Deferred Revenue	-0.03	-0.05	0.13	0.05	0.05	-0.01	-0.15	0.03	-0.04	0.04	0.19	-0.38	-0.12	0.16	0.1		0.11	0.17	-0.49	0.03	0.19	0.13	-0.05	-0.04	0.45
Net Tangible Assets	0.77	0.78	0.83	0.85	-0.03	0.76	0.0	0.83	-0.56	0.7	0.6	0.54	0.75	-0.75	0.83	0.11		0.91	-0.45	-0.78	0.77	0.93	0.07	-0.72	0.55
Long Term Debt Total	0.76	0.72	0.87	0.78	-0.16	0.77	-0.07	0.85	-0.66	0.67	0.52	0.52	0.82	-0.7	0.83	0.17	0.91		-0.58	-0.63	0.91	0.96	0.08	-0.61	0.52
Deferred Long Term Liab	-0.36	-0.35	-0.55	-0.42	0.3	-0.36	0.35	-0.4	0.55	-0.31	-0.07	-0.01	-0.38	0.26	-0.48	-0.49	-0.45	-0.58		0.14	-0.67	-0.49	-0.11	0.4	-0.34
Accumulated Depreciation	-0.73	-0.74	-0.69	-0.82	0.02	-0.72	-0.11	-0.82	0.38	-0.81	-0.59	-0.46	-0.53	0.68	-0.76	0.03	-0.78	-0.63	0.14		-0.54	-0.79	0.37	0.59	-0.76
Long Term Investments	0.78	0.73	0.88	0.78	-0.26	0.8	-0.12	0.84	-0.66	0.68	0.43	0.51	0.78	-0.69	0.86	0.19	0.77	0.91	-0.67	-0.54		0.9	-0.03	-0.62	0.56
Short Long Term Debt	0.83	0.8	0.91	0.87	-0.16	0.84	-0.03	0.93	-0.64	0.76	0.59	0.55	0.8	-0.77	0.9	0.13	0.93	0.96	-0.49	-0.79	0.9		-0.08	-0.64	0.64
Net Invested Capital	-0.12	-0.12	-0.09	-0.13	-0.04	-0.12	-0.1	-0.18	0.02	-0.38	-0.25	0.07	0.05	0.05	-0.07	-0.05	0.07	0.08	-0.11	0.37	-0.03	-0.08		-0.02	-0.41
Net Working Capital	-0.58	-0.58	-0.59	-0.69	0.13	-0.58	0.24	-0.6	0.42	-0.61	-0.15	-0.26	-0.41	0.55	-0.7	-0.04	-0.72	-0.61	0.4	0.59	-0.62	-0.64	-0.02		-0.56
Capital Stock	0.55	0.51	0.54	0.65	-0.1	0.57	-0.06	0.65	-0.32	0.75	0.39	0.11	0.23	-0.38	0.68	0.45	0.55	0.52	-0.34	-0.76	0.56	0.64	-0.41	-0.56

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The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.

Competition

Predict SkyWest

Based on the latest financial disclosure, SkyWest has a Probability Of Bankruptcy of 20.0%. This is 53.03% lower than that of the Passenger Airlines sector and 53.17% lower than that of the Industrials industry. The probability of bankruptcy for all United States stocks is 49.79% higher than that of the company.

SkyWest Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses SkyWest's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of SkyWest could also be used in its relative valuation, which is a method of valuing SkyWest by comparing valuation metrics of similar companies.

SkyWest is currently under evaluation in probability of bankruptcy category among its peers.

SkyWest Main Bankruptcy Drivers

	2019	2020	2021	2022	2023	2024 (projected)
Return On Assets	0.0511	(0.001236)	0.0157	0.009839	0.004888	0.004643
Asset Turnover	0.45	0.31	0.38	0.41	0.42	0.4
Gross Profit Margin	0.23	0.26	(0.006531)	0.0714	0.17	0.13
Net Debt	2.9B	3.3B	3.1B	3.4B	2.9B	3.1B
Total Current Liabilities	924.7M	941.7M	1.2B	1.2B	1.3B	1.3B
Non Current Liabilities Total	3.6B	3.8B	3.7B	3.9B	3.7B	3.8B
Total Assets	6.7B	6.9B	7.1B	7.4B	7.0B	7.4B
Total Current Assets	760.3M	982.8M	1.1B	1.4B	1.1B	715.2M
Total Cash From Operating Activities	721.0M	633.6M	831.8M	480.4M	736.3M	773.2M

SkyWest ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, SkyWest's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to SkyWest's managers, analysts, and investors.

Environmental

Governance

Social

SkyWest Fundamentals

	Return On Equity	0.11
	Return On Asset	0.0339
	Profit Margin	0.07 %
	Operating Margin	0.14 %
	Current Valuation	6.46 B
	Shares Outstanding	40.33 M
	Shares Owned By Insiders	1.99 %
	Shares Owned By Institutions	91.10 %
	Number Of Shares Shorted	1.14 M
	Price To Earning	7.02 X
	Price To Book	1.95 X
	Price To Sales	1.35 X
	Revenue	2.94 B
	Gross Profit	893.86 M
	EBITDA	489.5 M
	Net Income	34.34 M
	Cash And Equivalents	974.68 M
	Cash Per Share	19.27 X
	Total Debt	3.09 B
	Debt To Equity	1.49 %
	Current Ratio	1.01 X
	Book Value Per Share	57.30 X
	Cash Flow From Operations	736.33 M
	Short Ratio	3.74 X
	Earnings Per Share	5.84 X
	Price To Earnings To Growth	1.02 X
	Target Price	110.8
	Number Of Employees	11.47 K
	Beta	1.94
	Market Capitalization	4.51 B
	Total Asset	7.03 B
	Retained Earnings	2.27 B
	Working Capital	(122.4 M)
	Current Asset	1.02 B
	Current Liabilities	748.03 M
	Five Year Return	0.77 %
	Net Asset	7.03 B

About SkyWest Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze SkyWest's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SkyWest using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SkyWest based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for SkyWest Stock Analysis

When running SkyWest's price analysis, check to measure SkyWest's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SkyWest is operating at the current time. Most of SkyWest's value examination focuses on studying past and present price action to predict the probability of SkyWest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SkyWest's price. Additionally, you may evaluate how the addition of SkyWest to your portfolios can decrease your overall portfolio volatility.

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Skywest Stock Probability Of Bankruptcy

SkyWest Company odds of financial turmoil Analysis

Probability Of Bankruptcy

Normalized

Z-Score

Current SkyWest Probability Of Bankruptcy

SkyWest Probability Of Bankruptcy Driver Correlations

SkyWest Probability Of Bankruptcy Peer Comparison

SkyWest Main Bankruptcy Drivers

SkyWest ESG Sustainability

SkyWest Fundamentals

About SkyWest Fundamental Analysis

Also Currently Popular

Additional Tools for SkyWest Stock Analysis

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