Allegiant Travel Stock Fair Value Calculator – ALLEGIANT TRAVEL Reports Second Quarter Earnings for FY2023 on August 2, 2023
August 13, 2023
🌥️Earnings Overview
On August 2, 2023, ALLEGIANT TRAVEL ($NASDAQ:ALGT) released its earnings results for the second quarter of FY2023, which ended on June 30, 2023. The company saw total revenue of USD 683.8 million, representing an 8.6% increase from the same period in the prior year, and net income of USD 88.5 million, a drastic rise from the USD 4.4 million reported in the same quarter of the prior year.
Stock Price
On Wednesday, ALLEGIANT TRAVEL reported its second quarter earnings for FY2023. The stock opened at $120.8 and closed at $125.7, representing a 3.4% increase from its previous closing price of 121.5. This was largely due to the company’s strong financial results in the quarter and its outlook for the rest of the year. This was primarily due to a reduction in operating expenses as a result of the company’s cost-cutting initiatives and the reallocation of resources to focus on more profitable segments of the business.
Looking ahead, ALLEGIANT TRAVEL expects to continue to benefit from strong air travel demand as well as improving economic conditions. The company also plans to continue its focus on cost-cutting and capitalizing on its market share in order to generate higher profits in the quarters to come. Investors were pleased with the company’s strong performance and optimistic outlook for the rest of the year as shares rose by 3.4%. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Allegiant Travel. More…
| Total Revenues | Net Income | Net Margin |
| 2.51k | 145.94 | 6.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Allegiant Travel. More…
| Operations | Investing | Financing |
| 342.45 | -491.42 | 33.12 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Allegiant Travel. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.68k | 2.16k | 74.53 |
Key Ratios Snapshot
Some of the financial key ratios for Allegiant Travel are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.3% | 17.9% | 12.9% |
| FCF Margin | ROE | ROA |
| -6.0% | 15.2% | 4.3% |
Analysis – Allegiant Travel Stock Fair Value Calculator
At GoodWhale we have conducted an analysis of ALLEGIANT TRAVEL‘s fundamentals in order to determine its fair value. Our proprietary Valuation Line has determined that the fair value of ALLEGIANT TRAVEL share is approximately $237.7. This indicates that ALLEGIANT TRAVEL stock is currently undervalued, making it a good buying opportunity for investors. More…
Peers
The competition among Allegiant Travel Co, Korean Air Lines Co Ltd, Cebu Air Inc, and InterGlobe Aviation Ltd is fierce. All four companies are striving to provide the best possible service to their customers. Each company has its own strengths and weaknesses, and it is up to the customer to decide which airline best meets their needs.
– Korean Air Lines Co Ltd ($KOSE:003490)
Korean Air Lines Co Ltd is a major airline company headquartered in Seoul, South Korea. It is the flag carrier of South Korea and operates a fleet of over 150 aircraft. The company has a market cap of 7.89T as of 2022 and a Return on Equity of 20.57%. Korean Air Lines is one of the world’s largest airlines and is a member of the SkyTeam alliance. The company offers a wide array of domestic and international flight routes and provides a high level of customer service.
– Cebu Air Inc ($PSE:CEB)
Cebu Air Inc is a leading low-cost carrier in the Philippines. It has a strong presence in the domestic market and offers services to over 60 destinations across the country. The company has a market cap of 22.34B as of 2022 and a Return on Equity of -580.13%. Cebu Air is committed to providing affordable, convenient, and reliable air travel services to its customers. It has a modern fleet of aircraft and a strong network of domestic and international routes. The company is continuously expanding its operations and has plans to further grow its market share in the coming years.
– InterGlobe Aviation Ltd ($BSE:539448)
InterGlobe Aviation Ltd, the owner of India’s largest airline by market share, IndiGo, has a market cap of 672.27B as of 2022. The company has a strong financial performance, with a return on equity of 16.73%. IndiGo is a low-cost carrier that offers affordable air travel to passengers in India and across the world. The company has a fleet of over 250 aircraft and operates more than 1,200 flights daily. InterGlobe Aviation is a publicly traded company listed on the Bombay Stock Exchange and the National Stock Exchange of India.
Summary
ALLEGIANT TRAVEL‘s second quarter of FY2023 (ending June 30 2023) saw impressive results with total revenue increasing 8.6% and net income jumping from 4.4 million to 88.5 million compared to the prior year. On the same day, the company’s stock price moved up in response to these positive results. Investors may be encouraged to consider investing in ALLEGIANT TRAVEL due to its solid performance in the second quarter of FY2023 and potential for future growth.
Furthermore, the increase in revenue and net income reflect the company’s strong market position and positive outlook. It is important for potential investors to research the potential risks and analyze the company’s financials before investing in ALLEGIANT TRAVEL.
