SkyWest Inc

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SKYW : NASDAQ : Services
$36.2 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 339900.0
06/26/17 - 4:00 PM ET

Financial Analysis


SKYWEST INC's gross profit margin for the first quarter of its fiscal year 2017 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 0.83 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.

During the same period, stockholders' equity ("net worth") has decreased by 10.55% 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 Q1 FY17 Q1 FY16
Net Sales ($mil)765.42762.08
EBITDA ($mil)146.41129.61
EBIT ($mil)76.361.81
Net Income ($mil)34.7927.09


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)586.46442.31
Total Assets ($mil)5128.364813.06
Total Debt ($mil)2614.921939.09
Equity ($mil)1373.821535.9


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin19.1317.01
EBITDA Margin19.1217.0
Operating Margin9.978.11
Sales Turnover0.610.65
Return on Assets-3.02.81
Return on Equity-11.28.8
Debt Q1 FY17 Q1 FY16
Current Ratio1.221.35
Debt/Capital0.660.56
Interest Expense24.5517.73
Interest Coverage3.113.49


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)51.7451.37
Div / share0.080.04
EPS0.650.52
Book value / share26.5529.9
Institutional Own % n/a n/a
Avg Daily Volume342074.0355933.0

Valuation


BUY. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 1.36 indicates a significant discount versus the S&P 500 average of 3.09 and a significant discount versus the industry average of 4.01. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. After reviewing these and other key valuation criteria, SKYWEST INC 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
SKYW NM Peers 21.31   SKYW 3.03 Peers 7.33

Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.

SKYW's P/E is negative making this valuation measure meaningless.

 

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 10.26 Peers 14.95   SKYW NA Peers 2.22

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

SKYW 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.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
SKYW 1.36 Peers 4.01   SKYW -214.88 Peers -14.86

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.

 

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

However, SKYW 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
SKYW 0.60 Peers 1.49   SKYW 0.62 Peers 0.20

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.

 

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

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

 

 

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