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 19,940 - -
Change - -21.16% -13.88% 17.12% 6.01% -6.71% - -
Enterprise Value (EV) 1 20,581 15,788 13,749 18,137 23,044 24,877 24,685 24,345
Change - -23.29% -12.91% 31.92% 27.05% 7.96% -0.77% -1.38%
P/E 26.6x 38.7x 35.7x 44.2x 52.3x 15.3x 9.27x 7.67x
PBR 2.44x 1.87x 1.63x 1.93x 2.8x 2.43x 2.31x 1.73x
PEG - -0.8x -5.18x -7.16x 13.25x 0x 0.1x 0.4x
Capitalization / Revenue 1.61x 0.84x 0.66x 0.73x 0.76x 0.6x 0.57x 0.56x
EV / Revenue 1.3x 0.66x 0.53x 0.66x 0.82x 0.75x 0.71x 0.68x
EV / EBITDA -2,287x 6.39x 5.68x 8.58x 11x 7.16x 5.44x 4.72x
EV / EBIT -16.1x 14.1x 15.3x 39.7x 42.8x 13.6x 9.2x 7.38x
EV / FCF 11.3x -118x -38.6x -11.4x -27.7x 406x 18.8x 22.4x
FCF Yield 8.83% -0.85% -2.59% -8.78% -3.61% 0.25% 5.32% 4.47%
Dividend per Share 2 - - 0.72 0.72 0.72 0.7212 0.754 0.79
Rate of return - - 2.49% 2.14% 1.74% 1.77% 1.85% 1.94%
EPS 2 1.61 0.87 0.81 0.76 0.79 2.662 4.396 5.313
Distribution rate - - 88.9% 94.7% 91.1% 27.1% 17.2% 14.9%
Net sales 1 15,790 23,814 26,091 27,483 28,063 33,100 34,932 35,876
EBITDA 1 -9 2,471 2,422 2,114 2,099 3,476 4,534 5,162
EBIT 1 -1,281 1,120 900 457 539 1,826 2,684 3,300
Net income 1 977 539 498 465 441 1,246 2,134 2,544
Net Debt 1 -4,777 -4,204 -3,467 -2,026 1,670 4,937 4,745 4,405
Reference price 2 42.84 33.67 28.88 33.62 41.33 40.76 40.76 40.76
Nbr of stocks (in thousands) 591,920 593,752 596,115 599,737 517,155 489,208 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.65x0.76x7.28x1.73% 20.38B
15.13x0.9x7.93x0.91% 53.77B
11.56x0.77x7.32x-.--% 34.88B
13.49x1.32x6.08x1.89% 26.71B
7.9x0.79x3.8x2.18% 24.24B
67.14x2.19x13.17x0.07% 19.31B
29.66x1.06x5.66x3.76% 16.16B
-10.42x1.6x11.18x-.--% 15.74B
9.97x1.14x4.7x3.29% 14.31B
-11.87x1.5x9.8x-.--% 11.45B
Average 14.82x 1.21x 7.69x 1.38% 23.69B
Weighted average by Cap. 15.64x 1.11x 7.54x 1.25%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Southwest Airlines Co.

Historical PBR trend

Valuation ratios - PBR - Southwest Airlines Co.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Southwest Airlines Co.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Southwest Airlines Co.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Southwest Airlines Co.
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