Spirit Airlines Stock Return On Equity
| SAVE Stock | USD 3.69 0.10 2.64% |
Spirit Airlines fundamentals help investors to digest information that contributes to Spirit Airlines' financial success or failures. It also enables traders to predict the movement of Spirit Stock. The fundamental analysis module provides a way to measure Spirit Airlines' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Spirit Airlines stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | (0.39) | (0.37) |
Spirit | Return On Equity |
Spirit Airlines Company Return On Equity Analysis
Spirit Airlines' Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Spirit Airlines Return On Equity | -0.33 |
Most of Spirit Airlines' fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Spirit Airlines is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Spirit Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Spirit Airlines is extremely important. It helps to project a fair market value of Spirit Stock properly, considering its historical fundamentals such as Return On Equity. Since Spirit Airlines' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Spirit Airlines' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Spirit Airlines' interrelated accounts and indicators.
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For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Spirit Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, Spirit Airlines has a Return On Equity of -0.3307. This is 175.16% lower than that of the Passenger Airlines sector and 102.51% lower than that of the Industrials industry. The return on equity for all United States stocks is 6.68% higher than that of the company.
Spirit Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Spirit Airlines' direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Spirit Airlines could also be used in its relative valuation, which is a method of valuing Spirit Airlines by comparing valuation metrics of similar companies.Spirit Airlines is currently under evaluation in return on equity category among related companies.
Spirit Fundamentals
| Return On Equity | -0.33 | ||||
| Return On Asset | -0.0264 | ||||
| Profit Margin | (0.08) % | ||||
| Operating Margin | (0.12) % | ||||
| Current Valuation | 6.33 B | ||||
| Shares Outstanding | 109.48 M | ||||
| Shares Owned By Insiders | 0.64 % | ||||
| Shares Owned By Institutions | 60.04 % | ||||
| Number Of Shares Shorted | 26.04 M | ||||
| Price To Earning | 4.55 X | ||||
| Price To Book | 0.40 X | ||||
| Price To Sales | 0.09 X | ||||
| Revenue | 5.36 B | ||||
| Gross Profit | 973.03 M | ||||
| EBITDA | (27.13 M) | ||||
| Net Income | (447.46 M) | ||||
| Cash And Equivalents | 1.06 B | ||||
| Cash Per Share | 9.73 X | ||||
| Total Debt | 6.93 B | ||||
| Debt To Equity | 2.88 % | ||||
| Current Ratio | 0.93 X | ||||
| Book Value Per Share | 10.38 X | ||||
| Cash Flow From Operations | (246.66 M) | ||||
| Short Ratio | 3.37 X | ||||
| Earnings Per Share | (4.10) X | ||||
| Price To Earnings To Growth | 20.44 X | ||||
| Target Price | 4.05 | ||||
| Number Of Employees | 13.17 K | ||||
| Beta | 1.34 | ||||
| Market Capitalization | 414.92 M | ||||
| Total Asset | 9.42 B | ||||
| Retained Earnings | 56.76 M | ||||
| Working Capital | (159.47 M) | ||||
| Current Asset | 1.03 B | ||||
| Current Liabilities | 466.24 M | ||||
| Annual Yield | 0.05 % | ||||
| Net Asset | 9.42 B |
About Spirit Airlines Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Spirit Airlines's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Spirit Airlines using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Spirit Airlines based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Spirit Airlines Investors Sentiment
The influence of Spirit Airlines' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Spirit. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Spirit Airlines' public news can be used to forecast risks associated with an investment in Spirit. The trend in average sentiment can be used to explain how an investor holding Spirit can time the market purely based on public headlines and social activities around Spirit Airlines. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Spirit Airlines' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Spirit Airlines' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Spirit Airlines' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Spirit Airlines.
Spirit Airlines Implied Volatility | 172.76 |
Spirit Airlines' implied volatility exposes the market's sentiment of Spirit Airlines stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Spirit Airlines' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Spirit Airlines stock will not fluctuate a lot when Spirit Airlines' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Spirit Airlines in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Spirit Airlines' short interest history, or implied volatility extrapolated from Spirit Airlines options trading.
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When determining whether Spirit Airlines is a strong investment it is important to analyze Spirit Airlines' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Spirit Airlines' future performance. For an informed investment choice regarding Spirit Stock, refer to the following important reports:Check out Spirit Airlines Piotroski F Score and Spirit Airlines Altman Z Score analysis. For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Spirit Stock analysis
When running Spirit Airlines' price analysis, check to measure Spirit Airlines' 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 Spirit Airlines is operating at the current time. Most of Spirit Airlines' value examination focuses on studying past and present price action to predict the probability of Spirit Airlines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spirit Airlines' price. Additionally, you may evaluate how the addition of Spirit Airlines to your portfolios can decrease your overall portfolio volatility.
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Is Spirit Airlines' industry 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 (4.10) | Revenue Per Share 49.129 | Quarterly Revenue Growth (0.05) | Return On Assets (0.03) |
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.