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Spirit Airlines Inc SAVE

Morningstar Rating
$6.51 −0.09 (1.36%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

SAVE is trading at a 31% discount.
Price
$6.63
Fair Value
$9.98
Uncertainty
Extreme
1-Star Price
$93.65
5-Star Price
$8.75
Economic Moat
Nndg
Capital Allocation
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News

Trading Information

Previous Close Price
$6.60
Day Range
$6.456.63
52-Week Range
$4.0419.69
Bid/Ask
$6.50 / $6.65
Market Cap
$712.70 Mil
Volume/Avg
3.5 Mil / 14.5 Mil

Key Statistics

Price/Earnings (Normalized)
Price/Sales
0.13
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield
0.37%

Company Profile

Spirit Airlines Inc serves the United States, Latin America, and Caribbean as an airline operator. It primarily offers customers unbundled base fares to strip out any unneeded travel amenities. If needed, a customer can elect for additional options at an extra charge. Flight crews are entirely interchangeable across all aircraft, and maintenance and other support services are simplified due to not having an overly complex fleet. The company has one operating segment, air transportation, owing to its system wide route structure. It may decide to expand its network if a market is underserved or overpriced. The majority of revenue is derived from the United States.
Sector
Industrials
Industry
Airlines
Stock Style Box
Small Value
Total Number of Employees
13,167

Comparables

Valuation

Metric
SAVE
JBLU
SNCY
Price/Earnings (Normalized)
13.3310.62
Price/Book Value
0.620.731.57
Price/Sales
0.130.250.84
Price/Cash Flow
7.424.45
Price/Earnings
SAVE
JBLU
SNCY

Financial Strength

Metric
SAVE
JBLU
SNCY
Quick Ratio
0.710.520.54
Current Ratio
0.900.600.65
Interest Coverage
−4.09−1.012.97
Quick Ratio
SAVE
JBLU
SNCY

Profitability

Metric
SAVE
JBLU
SNCY
Return on Assets (Normalized)
−3.85%−1.13%5.01%
Return on Equity (Normalized)
−25.82%−4.38%15.43%
Return on Invested Capital (Normalized)
−3.99%−0.48%8.66%
Return on Assets
SAVE
JBLU
SNCY
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Morningstar Rating for Stocks
Economic Moat
Market Cap
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RYAOF
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LUV
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AIRYY
Air China Ltd ADRBjsxl$15.0 Bil
AICAF
Air China Ltd Class HMmfv$15.0 Bil
SINGF
Singapore Airlines LtdLht$14.8 Bil
SINGY
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UAL
United Airlines Holdings IncBxfmh$14.5 Bil
AAL
American Airlines Group IncHbtxq$9.7 Bil

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