Company Valuation: Southwest Airlines Co.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 25,358 19,992 17,216 20,163 21,374 24,057 - -
Change - -21.16% -13.88% 17.12% 6.01% 12.55% - -
Enterprise Value (EV) 1 20,581 15,788 13,749 18,137 23,044 28,315 28,914 32,022
Change - -23.29% -12.91% 31.92% 27.05% 22.87% 2.12% 10.75%
P/E 26.6x 38.7x 35.7x 44.2x 52.3x 15.5x 9.96x 9.13x
PBR 2.44x 1.87x 1.63x 1.93x 2.8x 2.93x 2.62x 2.05x
PEG - -0.8x -5.18x -7.16x 13.25x 0x 0.2x 1x
Capitalization / Revenue 1.61x 0.84x 0.66x 0.73x 0.76x 0.74x 0.71x 0.69x
EV / Revenue 1.3x 0.66x 0.53x 0.66x 0.82x 0.87x 0.86x 0.92x
EV / EBITDA -2,287x 6.39x 5.68x 8.58x 11x 7.82x 6.03x 6.25x
EV / EBIT -16.1x 14.1x 15.3x 39.7x 42.8x 14.2x 9.6x 9.86x
EV / FCF 11.3x -118x -38.6x -11.4x -27.7x 121x 22.5x 28.4x
FCF Yield 8.83% -0.85% -2.59% -8.78% -3.61% 0.83% 4.44% 3.52%
Dividend per Share 2 - - 0.72 0.72 0.72 0.7244 0.757 0.7671
Rate of return - - 2.49% 2.14% 1.74% 1.47% 1.54% 1.56%
EPS 2 1.61 0.87 0.81 0.76 0.79 3.174 4.941 5.392
Distribution rate - - 88.9% 94.7% 91.1% 22.8% 15.3% 14.2%
Net sales 1 15,790 23,814 26,091 27,483 28,063 32,719 33,789 34,792
EBITDA 1 -9 2,471 2,422 2,114 2,099 3,622 4,793 5,122
EBIT 1 -1,281 1,120 900 457 539 1,994 3,010 3,248
Net income 1 977 539 498 465 441 1,578 2,364 2,552
Net Debt 1 -4,777 -4,204 -3,467 -2,026 1,670 4,258 4,857 7,964
Reference price 2 42.84 33.67 28.88 33.62 41.33 49.22 49.22 49.22
Nbr of stocks (in thousands) 591,920 593,752 596,115 599,737 517,155 488,774 - -
Announcement Date 1/27/22 1/26/23 1/25/24 1/30/25 1/28/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.46x0.87x7.82x1.47% 24.06B
25.16x0.61x7.07x-.--% 11.28B
32.4x2.61x11.33x2.08% 5.3B
31.75x1.16x8.06x1.48% 3.21B
17.04x1.26x7.31x-.--% 3.06B
-7.43x1.35x7.23x-.--% 1.77B
18.55x1.51x5.1x2.65% 1.19B
-3.87x1.15x4.83x-.--% 973M
12.17x0.65x4.69x1.82% 420M
Average 15.69x 1.24x 7.05x 1.06% 5.7B
Weighted average by Cap. 19.35x 1.07x 7.84x 1.07%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. LUV Stock
  4. Valuation Southwest Airlines Co.