It's Time For a Quick Look at Spirit Airlines (SAVE)'s Fundamentals

Spirit Airlines logged a 1.4% change during today's afternoon session, and is now trading at a price of $11.27 per share. On average, analysts give it a target price of $18.75.

Spirit Airlines, Inc. provides airline services. The company provides front seats, including wider seats with extra legroom, carry-on and checked baggage, assigned seats, travel insurance, and onboard beverages and snacks, as well as hotels, cars, vacation packages, and cruises services. The mid-cap company is based in the United States.

What to Consider if You Are Thinking of Buying Spirit Airlines:

  • Spirit Airlines has moved -47.0% over the last year.

  • SAVE has a forward P/E ratio of -10.3 based on its EPS guidance of -1.09.

  • Over the last 6 years, earnings per share (EPS) have been growing at a compounded average rate of -14.7%.

  • The company has a price to earnings growth (PEG) ratio of -0.09.

  • Its Price to Book (P/B) ratio is 0.93

Spirit Airlines Has Irregular Cash Flows

Date Reported Cash Flow from Operations ($ k) Capital expenditures ($ k) Free Cash Flow ($ k) YoY Growth (%)
2023 -45,077 2 -45,079 49.36
2022 -89,022 2 -89,024 -142.87
2021 208,888 1,207 207,681 190.6
2020 -225,274 3,944 -229,218 -163.87
2019 551,321 192,437 358,884 457.07
2018 506,463 606,971 -100,508

Spirit Airlines's free cash flows have a decent average of $17.12 Million over the last 6 years, but they are highly variable since their coefficient of variability is 395.3%. The compounded average growth rate over this period is 12.5%.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.