Allegiant Travel Price To Earning vs. Cash And Equivalents
| ALGT Stock | USD 79.09 3.92 5.21% |
For Allegiant Travel profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Allegiant Travel to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Allegiant Travel utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Allegiant Travel's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Allegiant Travel over time as well as its relative position and ranking within its peers.
Allegiant |
Allegiant Travel's Revenue Breakdown by Earning Segment
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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 Allegiant Travel. If investors know Allegiant 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 Allegiant Travel 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 (0.84) | Dividend Share 1.8 | Earnings Share (1.52) | Revenue Per Share 139.534 | Quarterly Revenue Growth (0.01) |
The market value of Allegiant Travel is measured differently than its book value, which is the value of Allegiant that is recorded on the company's balance sheet. Investors also form their own opinion of Allegiant Travel's value that differs from its market value or its book value, called intrinsic value, which is Allegiant Travel'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 Allegiant Travel's market value can be influenced by many factors that don't directly affect Allegiant Travel'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 Allegiant Travel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegiant Travel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegiant Travel'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.
Allegiant Travel Cash And Equivalents vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Allegiant Travel's current stock value. Our valuation model uses many indicators to compare Allegiant Travel value to that of its competitors to determine the firm's financial worth. Allegiant Travel is rated second in price to earning category among its peers. It is rated fifth in cash and equivalents category among its peers creating about 29,569,892 of Cash And Equivalents per Price To Earning. Comparative valuation analysis is a catch-all technique that is used if you cannot value Allegiant Travel by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Allegiant Cash And Equivalents vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Allegiant Travel |
| = | 40.92 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Allegiant Travel |
| = | 1.21 B |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Allegiant Cash And Equivalents Comparison
Allegiant Travel is currently under evaluation in cash and equivalents category among its peers.
Allegiant Travel Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Allegiant Travel, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Allegiant Travel will eventually generate negative long term returns. The profitability progress is the general direction of Allegiant Travel's change in net profit over the period of time. It can combine multiple indicators of Allegiant Travel, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 4 M | 4.2 M | |
| Operating Income | 221 M | 121.7 M | |
| Income Before Tax | 159.1 M | 112 M | |
| Total Other Income Expense Net | -61.9 M | -58.8 M | |
| Net Income | 117.6 M | 91.1 M | |
| Income Tax Expense | 41.5 M | 29.1 M | |
| Net Income Applicable To Common Shares | 2.8 M | 2.7 M | |
| Net Income From Continuing Ops | 172 M | 91.6 M | |
| Non Operating Income Net Other | 1.8 M | 1.8 M | |
| Interest Income | 43 M | 45.1 M | |
| Net Interest Income | -72.9 M | -76.6 M | |
| Change To Netincome | 75.8 M | 62.7 M | |
| Net Income Per Share | 6.55 | 3.57 | |
| Income Quality | 3.60 | 6.62 | |
| Net Income Per E B T | 0.74 | 0.80 |
Allegiant Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Allegiant Travel. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Allegiant Travel position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Allegiant Travel's important profitability drivers and their relationship over time.
Use Allegiant Travel in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Allegiant Travel position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Allegiant Travel will appreciate offsetting losses from the drop in the long position's value.Allegiant Travel Pair Trading
Allegiant Travel Pair Trading Analysis
The ability to find closely correlated positions to Allegiant Travel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allegiant Travel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allegiant Travel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Allegiant Travel to buy it.
The correlation of Allegiant Travel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allegiant Travel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allegiant Travel moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Allegiant Travel can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Allegiant Travel position
In addition to having Allegiant Travel in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Additional Tools for Allegiant Stock Analysis
When running Allegiant Travel's price analysis, check to measure Allegiant Travel'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 Allegiant Travel is operating at the current time. Most of Allegiant Travel's value examination focuses on studying past and present price action to predict the probability of Allegiant Travel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegiant Travel's price. Additionally, you may evaluate how the addition of Allegiant Travel to your portfolios can decrease your overall portfolio volatility.