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 $18.75.
Spirit Airlines, Inc. provides airline services. The company provides front seats, including wider seats with extra legroom, carry-on and checked baggage, assigned seats, travel insurance, and onboard beverages and snacks, as well as hotels, cars, vacation packages, and cruises services. The mid-cap company is based in the United States.
What to Consider if You Are Thinking of Buying Spirit Airlines:
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Spirit Airlines has moved -47.0% over the last year.
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SAVE has a forward P/E ratio of -10.3 based on its EPS guidance of -1.09.
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Over the last 6 years, earnings per share (EPS) have been growing at a compounded average rate of -14.7%.
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The company has a price to earnings growth (PEG) ratio of -0.09.
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Its Price to Book (P/B) ratio is 0.93
Spirit Airlines Has Irregular Cash Flows
| Date Reported | Cash Flow from Operations ($ 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%.
