SkyWest Inc

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SKYW : NASDAQ : Services
$36.35 up 0.1 | 0.28%
Today's Range: 36.1 - 36.7
Avg. Daily Volume: 271900.0
08/16/17 - 4:00 PM ET

Financial Analysis


SKYWEST INC's gross profit margin for the second quarter of its fiscal year 2017 has increased when compared to the same period a year ago. The company has grown its sales and net income during the past quarter when compared with the same quarter a year ago, and although its growth in net income has outpaced the industry average, its revenue growth has not.

During the same period, stockholders' equity ("net worth") has decreased by 9.81% from the same quarter last year.

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Income Statement Q2 FY17 Q2 FY16
Net Sales ($mil)809.76801.34
EBITDA ($mil)177.8154.02
EBIT ($mil)106.684.14
Net Income ($mil)50.4840.24


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)634.52512.79
Total Assets ($mil)5360.614996.89
Total Debt ($mil)2759.512039.82
Equity ($mil)1422.541577.35


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin21.9619.22
EBITDA Margin21.9519.22
Operating Margin13.1610.5
Sales Turnover0.580.62
Return on Assets-2.672.88
Return on Equity-10.099.13
Debt Q2 FY17 Q2 FY16
Current Ratio1.221.39
Debt/Capital0.660.56
Interest Expense27.0618.29
Interest Coverage3.944.6


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)51.7451.48
Div / share0.080.05
EPS0.950.77
Book value / share27.4930.64
Institutional Own % n/a n/a
Avg Daily Volume267026.0367952.0

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 1.39 indicates a significant discount versus the S&P 500 average of 3.03 and a significant discount versus the industry average of 3.66. 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 21.86   SKYW NA Peers 7.41

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.

 

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
SKYW 10.90 Peers 12.79   SKYW NA Peers 1.33

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.

 

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 1.39 Peers 3.66   SKYW -201.79 Peers -14.69

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 0.63 Peers 1.41   SKYW 0.47 Peers 2.72

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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