JetBlue Airways Corp

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JBLU : NASDAQ : Services
$21.83 -0.31 | -1.4%
Today's Range: 21.73 - 22.3
Avg. Daily Volume: 6394800.0
04/28/17 - 3:59 PM ET

Financial Analysis


JETBLUE AIRWAYS CORP's gross profit margin for the first quarter of its fiscal year 2017 has significantly decreased when compared to the same period a year ago. Sales and net income have dropped, although the growth in revenues underperformed the average competitor within the industry, the net income growth did not.

During the same period, stockholders' equity ("net worth") has increased by 16.93% from the same quarter last year.

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Income Statement Q1 FY17 Q1 FY16
Net Sales ($mil)1604.01616.0
EBITDA ($mil)0.0428.0
EBIT ($mil)147.0349.0
Net Income ($mil)85.0207.0


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)0.01287.0
Total Assets ($mil)9473.09062.0
Total Debt ($mil)1337.01780.0
Equity ($mil)3992.03414.0


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin27.2443.69
EBITDA Margin0.026.48
Operating Margin9.1621.6
Sales Turnover0.70.72
Return on Assets6.728.24
Return on Equity15.9521.88
Debt Q1 FY17 Q1 FY16
Current Ratio0.00.72
Debt/Capital0.250.34
Interest Expense25.029.0
Interest Coverage5.8812.03


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)337.0322.16
Div / share0.00.0
EPS0.250.61
Book value / share11.8510.6
Institutional Own % n/a n/a
Avg Daily Volume6886422.06005615.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 16.44 for the Airlines industry and a significant discount compared to the S&P 500 average of 25.26. To use another comparison, its price-to-book ratio of 1.90 indicates a discount versus the S&P 500 average of 3.03 and a significant discount versus the industry average of 3.61. 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 11.89 Peers 16.44   JBLU NA Peers 6.92

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

JBLU is trading at a significant discount to its peers.

 

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

Ratio not available.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
JBLU 11.52 Peers 14.71   JBLU NM Peers 2.62

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 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 1.90 Peers 3.61   JBLU -13.70 Peers -8.79

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 1.14 Peers 1.34   JBLU 1.70 Peers 2.58

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 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 significantly trails its peers on the basis of sales growth

 

 

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