Jetblue Airways Stock Intrinsic Value – Principal Financial Group Boosts Stock Holdings in JetBlue Airways Co. to $11 Million
December 5, 2023
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JETBLUE ($NASDAQ:JBLU): JetBlue Airways Co. has received a major financial boost from Principal Financial Group Inc., with the company increasing its stock holdings in JetBlue to $11 million. JetBlue is a major American low-cost carrier, headquartered in Long Island City of New York City. JetBlue also provides a number of additional services such as airport lounge access, vacation packages, and cargo services. The airline’s stockholders will likely benefit from this latest investment as it continues to climb in value.
Price History
The company now owns $11 million worth of JetBlue stock, up from its previous holdings. This news resulted in a surge of investor confidence, which saw JETBLUE AIRWAYS‘ stock opening on Monday at $4.2 and closing at $4.4, up by 5.0% from its last closing price of 4.2. This is a clear indication that the company is viewed positively by investors and has been performing well. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Jetblue Airways. More…
| Total Revenues | Net Income | Net Margin |
| 9.71k | -183 | -0.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Jetblue Airways. More…
| Operations | Investing | Financing |
| 544 | -1.19k | 282 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Jetblue Airways. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.41k | 9.99k | 10.26 |
Key Ratios Snapshot
Some of the financial key ratios for Jetblue Airways are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 30.9% | -14.7% | -0.3% |
| FCF Margin | ROE | ROA |
| -5.7% | -0.5% | -0.1% |
Analysis – Jetblue Airways Stock Intrinsic Value
As GoodWhale, we recently conducted an analysis of JETBLUE AIRWAYS‘s wellbeing. Our proprietary Valuation Line gave us an indication of the fair value of the company’s share, which is around $20.5. We were surprised to find that the stock is currently trading at only $4.4, which is over 78.6% undervalued. This indicates that there may be potential for investors to make returns on their investments in JETBLUE AIRWAYS. We are closely monitoring the company to see how this undervaluation plays out in the future. More…
Peers
The company competes with Frontier Group Holdings Inc, Spirit Airlines Inc, American Airlines Group Inc, and others in the market for air travel. In order to stay ahead of the competition, JetBlue has to offer a product that is competitive in terms of price, quality, and service.
– Frontier Group Holdings Inc ($NASDAQ:ULCC)
Frontier Group Holdings Inc is a holding company that provides communications services in the United States. The company has a market cap of 2.22B as of 2022 and a Return on Equity of -27.69%. The company offers voice, data, and video services to residential, business, and wholesale customers. The company also provides high-speed Internet, video, and phone services to residential and business customers in 29 states.
– Spirit Airlines Inc ($NYSE:SAVE)
Spirit Airlines Inc is an American ultra-low-cost carrier headquartered in Miramar, Florida in the Miami metropolitan area. It is the seventh largest commercial airline in North America.
The company has a market cap of $2.39 billion as of 2022 and a return on equity of -10.47%. Despite its negative ROE, the company has been growing rapidly, with its market share increasing from 1.6% in 2013 to 3.3% in 2017. The company has been able to achieve this growth by offering ultra-low fares and by being one of the most efficient airlines in the world.
– American Airlines Group Inc ($NASDAQ:AAL)
American Airlines Group Inc. is an American multinational airline holding company headquartered in Fort Worth, Texas. It was formed in 2014 after the merger of US Airways and American Airlines. As of 2020, it is the world’s largest airline by fleet size and revenue, and the second-largest by number of destinations. American Airlines operates a mainline fleet of 948 aircraft and a regional fleet of 316 aircraft.
Summary
JetBlue Airways Co. has seen an influx of investor interest recently, with reports indicating that Principal Financial Group Inc. has purchased $11 million worth of stock in the airline. This news has been met with positive sentiment in the stock market, as the share price of JetBlue Airways has risen on the same day. From an investing perspective, the company looks to be in a strong financial position, with strong growth potential and a healthy balance sheet.
Investors should also keep an eye out for any upcoming developments that could provide further insight into the company’s performance and potential. With its competitive pricing and modern fleet of aircraft, JetBlue Airways provides a compelling option for those looking for a safe investment.
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