Spirit Airlines Net Worth
Spirit Airlines Net Worth Breakdown | SAVE |
Spirit Airlines Net Worth Analysis
Spirit Airlines' net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Spirit Airlines' financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Spirit Airlines' overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Spirit Airlines' net worth analysis. One common approach is to calculate Spirit Airlines' market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Spirit Airlines' stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Spirit Airlines' net worth. This approach calculates the present value of Spirit Airlines' future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Spirit Airlines' cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Spirit Airlines' net worth. This involves comparing Spirit Airlines' financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Spirit Airlines' net worth relative to its peers.
Enterprise Value |
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To determine if Spirit Airlines is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Spirit Airlines' net worth research are outlined below:
| Spirit Airlines generated a negative expected return over the last 90 days | |
| Spirit Airlines has high historical volatility and very poor performance | |
| Spirit Airlines has some characteristics of a very speculative penny stock | |
| Spirit Airlines currently holds 6.93 B in liabilities with Debt to Equity (D/E) ratio of 2.88, implying the company greatly relies on financing operations through barrowing. Spirit Airlines has a current ratio of 0.91, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Spirit Airlines' use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 5.36 B. Net Loss for the year was (447.46 M) with profit before overhead, payroll, taxes, and interest of 973.03 M. | |
| Spirit Airlines currently holds about 1.06 B in cash with (246.66 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.73, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Spirit Airlines has a poor financial position based on the latest SEC disclosures | |
| Latest headline from finance.yahoo.com: Spirit Airlines officially files bankruptcy, encourages customers to keep booking flights as normal |
Spirit Airlines uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Spirit Airlines. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Spirit Airlines' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 7th of February 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 7th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Know Spirit Airlines' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Spirit Airlines is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Spirit Airlines backward and forwards among themselves. Spirit Airlines' institutional investor refers to the entity that pools money to purchase Spirit Airlines' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Northern Trust Corp | 2024-09-30 | 910.2 K | Par Capital Management Inc | 2024-09-30 | 767 K | Bnp Paribas Arbitrage, Sa | 2024-06-30 | 745.5 K | Goldman Sachs Group Inc | 2024-06-30 | 724.6 K | Jane Street Group Llc | 2024-06-30 | 465.9 K | Federated Hermes Inc | 2024-09-30 | 442.5 K | Ubs Group Ag | 2024-06-30 | 404.2 K | Susquehanna Portfolio Strategies Llc | 2024-06-30 | 265.6 K | Roman Butler Fullerton & Co | 2024-09-30 | 264.4 K | Us Global Investors Inc | 2024-09-30 | 12 M | Blackrock Inc | 2024-06-30 | 8.1 M |
Follow Spirit Airlines' market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 118.28 M.Market Cap |
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Project Spirit Airlines' profitablity
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.05) | (0.05) | |
| Return On Capital Employed | (0.06) | (0.06) | |
| Return On Assets | (0.05) | (0.05) | |
| Return On Equity | (0.39) | (0.37) |
When accessing Spirit Airlines' net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Spirit Airlines' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Spirit Airlines' profitability and make more informed investment decisions.
Please note, the presentation of Spirit Airlines' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Spirit Airlines' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Spirit Airlines' management manipulating its earnings.
Evaluate Spirit Airlines' management efficiency
Spirit Airlines has return on total asset (ROA) of (0.0451) % which means that it has lost $0.0451 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.5935) %, meaning that it created substantial loss on money invested by shareholders. Spirit Airlines' management efficiency ratios could be used to measure how well Spirit Airlines manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to -0.05. The current year's Return On Capital Employed is expected to grow to -0.06. At present, Spirit Airlines' Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 248.3 M, whereas Total Current Assets are forecasted to decline to about 1.1 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 10.39 | 10.78 | |
| Tangible Book Value Per Share | 10.39 | 10.78 | |
| Enterprise Value Over EBITDA | (77.09) | (73.23) | |
| Price Book Value Ratio | 1.58 | 1.16 | |
| Enterprise Value Multiple | (77.09) | (73.23) | |
| Price Fair Value | 1.58 | 1.16 | |
| Enterprise Value | 2.5 B | 2.6 B |
The leadership approach at Spirit Airlines' fosters a culture of excellence and accountability. Our analysis examines how this culture influences financial outcomes and stock valuation.
Enterprise Value Revenue 1.2871 | Revenue 5.1 B | Quarterly Revenue Growth (0.11) | Revenue Per Share 46.897 | Return On Equity (0.59) |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Spirit Airlines insiders, such as employees or executives, is commonly permitted as long as it does not rely on Spirit Airlines' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Spirit Airlines insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Melinda Grindle over two months ago Acquisition by Melinda Grindle of 13952 shares of Spirit Airlines subject to Rule 16b-3 | ||
Brian McMenamy over two months ago Acquisition by Brian McMenamy of 131 shares of Spirit Airlines at 5.76 subject to Rule 16b-3 |
Spirit Airlines Earnings per Share Projection vs Actual
Spirit Airlines Corporate Directors
| Myrna Soto | Independent Director | Profile | |
| Dawn Zier | Independent Director | Profile | |
| Carlton Donaway | Independent Director | Profile | |
| Deanne Gabel | Senior Director, Investor Relations | Profile |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit Airlines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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 Spirit Airlines. If investors know Spirit 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 Spirit Airlines 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 (0.14) | Earnings Share (6.20) | Revenue Per Share 46.897 | Quarterly Revenue Growth (0.11) | Return On Assets (0.05) |
The market value of Spirit Airlines is measured differently than its book value, which is the value of Spirit that is recorded on the company's balance sheet. Investors also form their own opinion of Spirit Airlines' value that differs from its market value or its book value, called intrinsic value, which is Spirit Airlines' 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 Spirit Airlines' market value can be influenced by many factors that don't directly affect Spirit Airlines' 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 Spirit Airlines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Spirit Airlines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spirit Airlines' 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.