SkyWest Inc

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SKYW : NASDAQ : Services
$38.95 | %
Today's Range: 37.6 - 38.95
Avg. Daily Volume: 370300.0
12/09/16 - 4:00 PM ET

Financial Analysis


SKYWEST INC's gross profit margin for the third quarter of its fiscal year 2016 has increased 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. SKYWEST INC has weak liquidity. Currently, the Quick Ratio is 0.81 which 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 11.11% 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 ($mil)799.78794.0
EBITDA ($mil)157.58144.9
EBIT ($mil)85.8378.3
Net Income ($mil)41.3236.27


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)564.17568.13
Total Assets ($mil)5299.764926.44
Total Debt ($mil)2225.132107.71
Equity ($mil)1624.111461.7


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin19.718.25
EBITDA Margin19.718.24
Operating Margin10.739.86
Sales Turnover0.590.64
Return on Assets2.811.0
Return on Equity9.183.38
Debt Q3 FY16 Q3 FY15
Current Ratio1.481.85
Debt/Capital0.580.59
Interest Expense19.8619.91
Interest Coverage4.323.93


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)51.7450.69
Div / share0.050.04
EPS0.790.71
Book value / share31.3928.84
Institutional Own % n/a n/a
Avg Daily Volume361197.0393520.0

Valuation


BUY. The current P/E ratio indicates a premium compared to an average of 9.92 for the Airlines industry and a significant discount compared to the S&P 500 average of 25.37. For additional comparison, its price-to-book ratio of 1.14 indicates a significant discount versus the S&P 500 average of 2.81 and a significant discount versus the industry average of 3.35. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
SKYW 12.53 Peers 9.92   SKYW 3.67 Peers 5.85

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

SKYW is trading at a significant premium 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.

SKYW 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
SKYW 12.01 Peers 12.28   SKYW 0.66 Peers 2.27

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

SKYW is trading at a valuation on par with 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.

SKYW trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
SKYW 1.14 Peers 3.35   SKYW 197.91 Peers 20.24

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.

SKYW 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.

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

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
SKYW 0.59 Peers 1.21   SKYW -1.05 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.

SKYW 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.

SKYW significantly trails its peers on the basis of sales growth

 

 

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