Hawaiian Holdings Intrinsic Value Calculator – Hawaiian Holdings Reports 45.8% Increase in Revenue for Fourth Quarter of FY2022
March 31, 2023
Earnings Overview
HAWAIIAN HOLDINGS ($NASDAQ:HA) reported total revenue of USD -50.2 million for the fourth quarter of FY2022, a 45.8% increase from the same period in the prior year. Net income rose 47.8% to USD 731.0 million. These results were reported on December 31, 2022.
Transcripts Simplified
Hawaiian Holdings reported $25.6 million in adjusted EBITDA for the fourth quarter and an adjusted EBITDA loss of $31.0 million for the full year. The company announced a revised order of 12 Boeing 787 aircraft, with the first to be delivered in the fourth quarter of the year. Capital expenditure is expected to be between $290-300 million for 2023, and non-aircraft related CapEx to be between $40-80 million. Hawaiian Holdings is focusing on productivity and revenue generating capability to address cost inflation.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hawaiian Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 2.64k | -240.08 | -7.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hawaiian Holdings. More…
| Operations | Investing | Financing |
| -57.75 | -15.02 | -188.43 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hawaiian Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.14k | 3.81k | 6.48 |
Key Ratios Snapshot
Some of the financial key ratios for Hawaiian Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.3% | -13.4% | -7.7% |
| FCF Margin | ROE | ROA |
| -4.0% | -37.1% | -3.1% |
Price History
On Tuesday, Hawaiian Holdings reported that their revenue for the fourth quarter of the 2022 fiscal year had increased by 45.8%. This news resulted in a 4.8% increase in their stock prices, compared to the previous closing price of $11.8. The company opened at $11.8 and closed at $12.3, making it the best performing stock on the day. The company also stated that the unprecedented market conditions had created an opportunity for them to be more efficient and capitalize on new business opportunities, both domestically and internationally. The revenue increase was further strengthened by cost cutting initiatives that the company implemented, such as trimming the number of aircraft in their fleet.
This allowed Hawaiian Holdings to reduce overhead costs and optimize their expenditure in order to boost their profits. Overall, Hawaiian Holdings reported a strong finish to the 2022 financial year, and investors have responded positively to this news. The company’s leadership team will continue to evaluate strategic measures that will ensure its success going forward. Live Quote…
Analysis – Hawaiian Holdings Intrinsic Value Calculator
At GoodWhale, we recently conducted an analysis of HAWAIIAN HOLDINGS. Our proprietary Valuation Line suggests that the fair value of HAWAIIAN HOLDINGS share is around $33.8. Currently, HAWAIIAN HOLDINGS stock is traded at $12.3, representing a significant discount of 63.6%. This implies that there is an opportunity for investors to purchase HAWAIIAN HOLDINGS stock at a very attractive price. We believe this represents an attractive investment opportunity. More…
Peers
The airline industry is a highly competitive one, with many carriers vying for market share. Among these is Hawaiian Holdings Inc, which competes against Spirit Airlines Inc, Alaska Air Group Inc, and JetBlue Airways Corp. All of these companies are striving to provide the best service and most competitive prices to their customers.
– Spirit Airlines Inc ($NYSE:SAVE)
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– Alaska Air Group Inc ($NYSE:ALK)
Alaska Air Group Inc is an air transportation holding company with subsidiaries providing scheduled air transportation in the United States and other countries, cargo transportation services, and aircraft leasing. The Company’s operating segments include Alaska, Virgin America, and Horizon. As of December 31, 2016, it operated a fleet of 315 aircrafts with an average age of 8.6 years. The Company serves more than 100 cities through an expansive network in the United States, Canada, Costa Rica, and Mexico.
– JetBlue Airways Corp ($NASDAQ:JBLU)
Blue Airways is an airline company with a market cap of $2.37 billion as of 2022. The company has a return on equity of -6.48%. Blue Airways is a low-cost carrier that operates in the United States. The company was founded in 1999 and is headquartered in New York City.
Summary
Hawaiian Holdings reported strong fourth quarter earnings results for FY2022, with total revenue of USD -50.2 million, a 45.8% increase compared to the same period the previous year. Net income also increased 47.8% year-over-year to USD 731.0 million. This impressive performance was reflected in the stock price, which moved up on the day of the announcement. Investors may find Hawaiian Holdings an attractive investment proposition due to its solid financial results and potential for further growth.
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