SkyWest Inc

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SKYW : NASDAQ : Services
$28.77 | %
Today's Range: 28.65 - 29.71
Avg. Daily Volume: 456,000
07/29/16 - 4:00 PM ET

Financial Analysis


SKYWEST INC's gross profit margin for the second 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.

During the same period, stockholders' equity ("net worth") has increased by 10.83% from the same quarter last year.

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Income Statement Q2 FY16 Q2 FY15
Net Sales ($mil)801.34788.42
EBITDA ($mil)154.02134.59
EBIT ($mil)84.1469.93
Net Income ($mil)40.2431.48


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)512.79504.8
Total Assets ($mil)4996.894838.55
Total Debt ($mil)2039.822064.18
Equity ($mil)1577.351423.21


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin19.2217.07
EBITDA Margin19.2217.07
Operating Margin10.58.87
Sales Turnover0.620.66
Return on Assets2.881.12
Return on Equity9.133.83
Debt Q2 FY16 Q2 FY15
Current Ratio1.391.79
Debt/Capital0.560.59
Interest Expense18.2918.08
Interest Coverage4.63.87


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)51.3750.48
Div / share0.050.04
EPS0.770.61
Book value / share30.728.19
Institutional Own % n/a n/a
Avg Daily Volume487053.0527566.0

Valuation


BUY. The current P/E ratio indicates a premium compared to an average of 7.44 for the Airlines industry and a significant discount compared to the S&P 500 average of 25.11. For additional comparison, its price-to-book ratio of 0.95 indicates a significant discount versus the S&P 500 average of 2.81 and a significant discount versus the industry average of 3.04. 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 10.47 Peers 7.44   SKYW NA Peers 4.88

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.

 

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 10.32 Peers 10.53   SKYW 0.85 Peers 1.19

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 0.95 Peers 3.04   SKYW 167.30 Peers 103.63

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 0.48 Peers 1.04   SKYW -2.48 Peers 3.85

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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