JetBlue Airways Corp

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JBLU : NASDAQ : Services
$21.02 up 0.12 | 0.57%
Today's Range: 20.835 - 21.18
Avg. Daily Volume: 6346900.0
12/06/16 - 1:41 PM ET

Financial Analysis

JETBLUE AIRWAYS CORP's gross profit margin for the third quarter of its fiscal year 2016 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 weak liquidity. Currently, the Quick Ratio is 0.64 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.

At the same time, stockholders' equity ("net worth") has greatly increased by 27.47% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.

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Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)1731.01687.0
EBITDA ($mil)440.0423.0
EBIT ($mil)354.0351.0
Net Income ($mil)199.0198.0

Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)1454.01132.0
Total Assets ($mil)9579.08594.0
Total Debt ($mil)1689.01982.0
Equity ($mil)3846.03017.0

Profitability Q3 FY16 Q3 FY15
Gross Profit Margin41.7740.96
EBITDA Margin25.4125.07
Operating Margin20.4520.81
Sales Turnover0.690.73
Return on Assets8.026.69
Return on Equity19.9919.05
Debt Q3 FY16 Q3 FY15
Current Ratio0.80.73
Interest Expense28.032.0
Interest Coverage12.6410.97

Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)323.73315.06
Div / share0.00.0
Book value / share11.889.58
Institutional Own % n/a n/a
Avg Daily Volume6175820.05971317.0


BUY. This stock's P/E ratio indicates a discount compared to an average of 9.79 for the Airlines industry and a significant discount compared to the S&P 500 average of 25.16. To use another comparison, its price-to-book ratio of 1.75 indicates a discount versus the S&P 500 average of 2.79 and a significant discount versus the industry average of 3.36. 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.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
JBLU 9.18 Peers 9.79   JBLU 4.21 Peers 5.88

Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.

JBLU is trading at a valuation on par with 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.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
JBLU 10.47 Peers 12.21   JBLU 1.17 Peers 1.32

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.


Discount. 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 trades at a discount to its peers.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
JBLU 1.75 Peers 3.36   JBLU 34.52 Peers 20.30

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.


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

JBLU is expected to have an earnings growth rate that significantly exceeds its peers.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
JBLU 1.02 Peers 1.21   JBLU 5.05 Peers 2.55

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.


Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

JBLU has a sales growth rate that significantly exceeds its peers.



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