JetBlue Airways Corp

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JBLU : NASDAQ : Services
$18.62 | %
Today's Range: 18.6 - 18.99
Avg. Daily Volume: 5280900.0
09/22/17 - 4:00 PM ET

Financial Analysis


JETBLUE AIRWAYS CORP's gross profit margin for the second quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. JETBLUE AIRWAYS CORP has very weak liquidity. Currently, the Quick Ratio is 0.48 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.

During the same period, stockholders' equity ("net worth") has increased by 11.96% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.

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Income Statement Q2 FY17 Q2 FY16
Net Sales ($mil)1842.01644.0
EBITDA ($mil)448.0396.0
EBIT ($mil)354.0313.0
Net Income ($mil)211.0181.0


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)1020.01510.0
Total Assets ($mil)9644.09458.0
Total Debt ($mil)1305.01746.0
Equity ($mil)4080.03644.0


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin40.541.48
EBITDA Margin24.3224.08
Operating Margin19.2219.04
Sales Turnover0.710.69
Return on Assets6.918.2
Return on Equity16.3421.29
Debt Q2 FY17 Q2 FY16
Current Ratio0.580.8
Debt/Capital0.240.32
Interest Expense24.028.0
Interest Coverage14.7511.18


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)329.0323.64
Div / share0.00.0
EPS0.640.53
Book value / share12.411.26
Institutional Own % n/a n/a
Avg Daily Volume5116385.05084970.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 12.76 for the Airlines industry and a significant discount compared to the S&P 500 average of 24.88. For additional comparison, its price-to-book ratio of 1.56 indicates a significant discount versus the S&P 500 average of 3.10 and a significant discount versus the industry average of 3.55. The current price-to-sales ratio is well below the S&P 500 average and is also below the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, JETBLUE AIRWAYS CORP proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
JBLU 9.83 Peers 12.76   JBLU 4.42 Peers 7.22

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

JBLU is trading at a discount to its peers.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

JBLU is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
JBLU 9.40 Peers 17.58   JBLU NM Peers 1.83

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

JBLU is trading at a significant discount to its peers.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

JBLU's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
JBLU 1.56 Peers 3.55   JBLU -13.60 Peers -12.57

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

JBLU is trading at a significant discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, JBLU is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
JBLU 0.93 Peers 1.37   JBLU 4.23 Peers 5.16

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

JBLU is trading at a significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

JBLU trails its peers on the basis of sales growth

 

 

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