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After hours 20:00:00 | |||
| 48.43 USD | -1.61% |
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48.42 | -0.02% |
| 07-10 | Delta expects fare gains to hold as fuel volatility pressures airlines | RE |
| 07-10 | Delta forecast signals airline fare gains can hold despite easing fuel costs | RE |
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 | 23,671 | - | - |
| Change | - | -21.16% | -13.88% | 17.12% | 6.01% | 10.75% | - | - |
| Enterprise Value (EV) 1 | 20,581 | 15,788 | 13,749 | 18,137 | 23,044 | 27,929 | 28,528 | 31,636 |
| Change | - | -23.29% | -12.91% | 31.92% | 27.05% | 21.2% | 2.14% | 10.89% |
| P/E | 26.6x | 38.7x | 35.7x | 44.2x | 52.3x | 15.3x | 9.8x | 8.98x |
| PBR | 2.44x | 1.87x | 1.63x | 1.93x | 2.8x | 2.88x | 2.58x | 2.01x |
| PEG | - | -0.8x | -5.18x | -7.16x | 13.25x | 0x | 0.2x | 0.98x |
| Capitalization / Revenue | 1.61x | 0.84x | 0.66x | 0.73x | 0.76x | 0.72x | 0.7x | 0.68x |
| EV / Revenue | 1.3x | 0.66x | 0.53x | 0.66x | 0.82x | 0.85x | 0.84x | 0.91x |
| EV / EBITDA | -2,287x | 6.39x | 5.68x | 8.58x | 11x | 7.71x | 5.95x | 6.18x |
| EV / EBIT | -16.1x | 14.1x | 15.3x | 39.7x | 42.8x | 14x | 9.48x | 9.74x |
| EV / FCF | 11.3x | -118x | -38.6x | -11.4x | -27.7x | 119x | 22.2x | 28x |
| FCF Yield | 8.83% | -0.85% | -2.59% | -8.78% | -3.61% | 0.84% | 4.5% | 3.57% |
| 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% | 1.5% | 1.56% | 1.58% |
| 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 | 48.43 | 48.43 | 48.43 |
| 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 (N) | EV / Sales (N) | EV / EBITDA (N) | Dividend Yield (N) | Capi.($) | ||
|---|---|---|---|---|---|---|
| 15.26x | 0.85x | 7.71x | 1.5% | 23.67B | ||
| 25x | 0.61x | 7.06x | -.--% | 11.21B | ||
| 32.12x | 2.6x | 11.26x | 2.09% | 5.26B | ||
| 32.13x | 1.17x | 8.13x | 1.46% | 3.26B | ||
| 16.5x | 1.23x | 7.16x | -.--% | 2.96B | ||
| -6.7x | 1.31x | 7.03x | -.--% | 1.59B | ||
| 18.76x | 1.52x | 5.14x | 2.62% | 1.2B | ||
| -3.81x | 1.15x | 4.81x | -.--% | 959M | ||
| 12.07x | 0.65x | 4.67x | 1.83% | 417M | ||
| Average | 15.70x | 1.23x | 7.00x | 1.06% | 5.62B | |
| Weighted average by Cap. | 19.34x | 1.06x | 7.77x | 1.09% |
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
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- Valuation Southwest Airlines Co.
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