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 20,767 - -
Change - -21.16% -13.88% 17.12% 6.01% -2.84% - -
Enterprise Value (EV) 1 20,581 15,788 13,749 18,137 23,044 25,606 25,252 24,854
Change - -23.29% -12.91% 31.92% 27.05% 11.12% -1.38% -1.57%
P/E 26.6x 38.7x 35.7x 44.2x 52.3x 15x 9.17x 8.02x
PBR 2.44x 1.87x 1.63x 1.93x 2.8x 2.48x 2.3x 1.75x
PEG - -0.8x -5.18x -7.16x 13.25x 0x 0.1x 0.6x
Capitalization / Revenue 1.61x 0.84x 0.66x 0.73x 0.76x 0.63x 0.6x 0.58x
EV / Revenue 1.3x 0.66x 0.53x 0.66x 0.82x 0.77x 0.73x 0.7x
EV / EBITDA -2,287x 6.39x 5.68x 8.58x 11x 7.22x 5.45x 4.85x
EV / EBIT -16.1x 14.1x 15.3x 39.7x 42.8x 13.4x 9x 7.56x
EV / FCF 11.3x -118x -38.6x -11.4x -27.7x 19,204x 22.3x 22.8x
FCF Yield 8.83% -0.85% -2.59% -8.78% -3.61% 0.01% 4.49% 4.38%
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% 1.7% 1.78% 1.86%
EPS 2 1.61 0.87 0.81 0.76 0.79 2.836 4.631 5.295
Distribution rate - - 88.9% 94.7% 91.1% 25.4% 16.3% 14.9%
Net sales 1 15,790 23,814 26,091 27,483 28,063 33,071 34,807 35,747
EBITDA 1 -9 2,471 2,422 2,114 2,099 3,546 4,633 5,122
EBIT 1 -1,281 1,120 900 457 539 1,915 2,807 3,289
Net income 1 977 539 498 465 441 1,340 2,258 2,530
Net Debt 1 -4,777 -4,204 -3,467 -2,026 1,670 4,839 4,485 4,088
Reference price 2 42.84 33.67 28.88 33.62 41.33 42.45 42.45 42.45
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.28x0.92x7.6x0.96% 54.72B
11.52x0.8x7.25x-.--% 36.31B
14.35x1.42x6.54x1.78% 28.58B
8.33x0.83x3.96x2.07% 25.72B
14.82x0.75x6.93x1.7% 20.77B
68.58x2.3x13.75x0.07% 20.26B
28.89x1.08x5.76x3.69% 16.53B
-10.33x1.61x11.25x-.--% 16.01B
10.45x1.18x4.87x3.14% 15B
Average 17.88x 1.21x 7.55x 1.49% 25.99B
Weighted average by Cap. 17.06x 1.13x 7.43x 1.29%

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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