Skywest Intrinsic Value Calculator – Bank of New York Mellon Corp reduces SkyWest, holdings by 14.5% in second quarter

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SKYWEST ($NASDAQ:SKYW): SkyWest, Inc. is a leading regional airline holding company based in the United States. The company primarily operates through its subsidiaries SkyWest Airlines and ExpressJet Airlines, providing scheduled passenger and air freight services to various destinations across North America. SkyWest is also a major partner for major airlines such as Delta, United, and American, operating under their regional brands.

However, it is essential to note that the 13F filing only includes the bank’s long positions and does not reflect any short positions or other securities held by the bank.

Additionally, it is not uncommon for institutional investors to adjust their holdings periodically, depending on various factors such as market trends and their investment strategies. In conclusion, while Bank of New York Mellon Corp’s divestment may be a cause for concern, it is essential to consider the company’s financial performance and other factors that may have influenced the decision. SkyWest remains a significant player in the regional airline industry, and its stock is still attractive to many investors.

Analysis – Skywest Intrinsic Value Calculator

As part of our ongoing analysis on companies in the aviation industry, GoodWhale recently conducted a thorough examination of SKYWEST‘s overall health and wellness. Our team delved into various aspects of the company, including its financial performance, market position, and future prospects. One of the key findings of our analysis was the intrinsic value of SKYWEST’s share, which we calculated to be approximately $43.8. This was determined using our proprietary Valuation Line, which takes into account various factors such as earnings growth, cash flow, and risk factors. This value serves as an indicator of what we believe the stock is truly worth. This indicates that the market has overvalued the stock and that it may not be a wise investment choice at its current price. We also analyzed SKYWEST’s financial statements and found that while the company has been performing well in terms of revenue and profitability, its future prospects may be affected by factors such as rising fuel prices and increasing competition in the industry. Overall, while SKYWEST may be a strong and established company in the aviation industry, our analysis shows that its stock is currently overvalued. Investors should carefully consider these findings before making any decisions about investing in SKYWEST. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Skywest. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Skywest. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Skywest. More…

Key Ratios Snapshot

Some of the financial key ratios for Skywest are shown below. More…

Peers

SkyWest Inc is up against some formidable competitors, such as Spirit Airlines Inc, Southwest Airlines Co, and Korean Air Lines Co Ltd. Each of these companies has their own unique strengths and strategies, making the competition to stay ahead in the airline industry fierce.

– Spirit Airlines Inc ($NYSE:SAVE)

Spirit Airlines Inc is an ultra-low-cost carrier airline based in the United States. It has a market cap of 2.14 billion as of 2022, making it one of the smaller airlines in the industry. Although its market capitalization is relatively small, its Return on Equity (ROE) is -11.91%, which is lower than the average in the industry. This indicates that Spirit Airlines is struggling to generate profits and leaves investors with little reward for their investment. The company has been attempting to improve its financial performance by cutting costs, modernizing its fleet, and expanding its network. Despite these efforts, it has still been unable to turn a profit.

– Southwest Airlines Co ($NYSE:LUV)

Southwest Airlines Co is an American low-cost airline headquartered in Dallas, Texas. Founded in 1971, it is one of the largest domestic airlines in the United States. The company has a market cap of 21.43 billion dollars as of 2022, and a Return on Equity (ROE) of 8.2%. This indicates that for every dollar invested in the company, Southwest Airlines has generated 8.2 cents of profit. The company’s strong financial performance is reflective of its commitment to providing reliable, affordable air travel in the United States.

– Korean Air Lines Co Ltd ($KOSE:003490)

Korean Air Lines Co Ltd is a major airline based in South Korea. It operates domestic and international flights to over 130 destinations in Asia, Europe, North America, South America, and Oceania. As of 2022, Korean Air Lines Co Ltd has a market capitalization of 9.02 trillion, making it one of the largest airlines in the world. In addition to its large market capitalization, Korean Air Lines Co Ltd has an impressive Return on Equity (ROE) of 22.94%, indicating that it is an efficient and profitable company.

Summary

The Bank of New York Mellon Corp decreased its holdings in SkyWest, Inc. by 14.5% in the second quarter. This move suggests that the bank may have a lack of confidence in the company’s performance. It is important for investors to take note of this change, as it could indicate potential issues or challenges facing SkyWest. Conducting further analysis and keeping a close eye on the company’s financials and market trends could provide valuable insights for investment decisions.

Additionally, investors should consider diversifying their portfolio to mitigate risks and avoid potential losses.