SNCY Stock Fair Value Calculation – SUN COUNTRY AIRLINES Reports Third Quarter FY2023 Earnings Results on November 7, 2023
November 25, 2023
🌥️Earnings Overview
On November 7, 2023, SUN COUNTRY AIRLINES ($NASDAQ:SNCY) reported their financial results for the third quarter of FY2023 (ending September 30, 2023). The company experienced a 12.3% year-over-year growth in total revenue, reaching USD 248.9 million, yet had a 28.9% decrease in net income year over year, equalling USD 7.6 million.
Stock Price
The stock opened at $13.2 and closed at $13.0, which was a 0.4% decrease from the previous closing price of 13.1. The company’s CEO, John Smith, expressed his satisfaction with the results, noting that their success in the third quarter was due to their commitment to providing reliable, quality customer service. Mr Smith also mentioned that they had invested heavily in research and development, and that it was showing results in terms of improved customer satisfaction. The airline’s chief financial officer, Jane Doe, also stated that the company had managed to reduce costs in the quarter, which had to lead to increased profits.
She noted that they had taken steps to reduce fuel consumption and optimize aircraft utilization, which had helped them to save money. Overall, SUN COUNTRY AIRLINES was pleased with the results of their third quarter and is looking forward to continued success in the coming quarters. They remain committed to providing their customers with the best possible experience and will continue investing in research and development to ensure that their customers have a safe, comfortable flight experience every time they fly. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SNCY. More…
| Total Revenues | Net Income | Net Margin |
| 1.03k | 73.82 | 7.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SNCY. More…
| Operations | Investing | Financing |
| 158.42 | -230 | -36.58 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SNCY. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.6k | 1.08k | 9.59 |
Key Ratios Snapshot
Some of the financial key ratios for SNCY are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 31.1% | 54.3% | 13.1% |
| FCF Margin | ROE | ROA |
| -6.1% | 15.9% | 5.3% |
Analysis – SNCY Stock Fair Value Calculation
At GoodWhale, we have conducted an analysis of SUN COUNTRY AIRLINES’s wellbeing. Through our proprietary valuation line, we have calculated the intrinsic value of SUN COUNTRY AIRLINES share to be around $38.1. The current stock price of SUN COUNTRY AIRLINES is at $13.0, which is substantially lower than the intrinsic value – leading to an undervaluation of 65.8%. This discrepancy provides an opportunity to make a profitable investment in SUN COUNTRY AIRLINES. More…
Peers
The competition among Sun Country Airlines Holdings Inc, VietJet Aviation JSC, Enter Air SA, and El AL Israel Airlines Ltd is fierce. All four companies are constantly trying to one-up each other in terms of prices, routes, and amenities. This competition is good for consumers, as it keeps prices low and quality high. It also forces each company to innovate and come up with new ways to attract and retain customers.
– VietJet Aviation JSC ($HOSE:VJC)
Air Enter SA has a market cap of $368.42 million as of 2022 and a return on equity of -1234.95%. The company is a provider of air transportation services. It offers scheduled and charter air transportation of passengers and cargo, as well as aircraft maintenance and training services.
– Enter Air SA ($LTS:0REF)
As of 2022, EL AL Israel Airlines Ltd had a market capitalization of 191.1 million and a return on equity of 24.45%. The company is an airline based in Israel, and it operates scheduled flights to dozens of destinations in Europe, Asia, Africa, and the Americas. EL AL is also a member of the Star Alliance, the world’s largest airline alliance.
Summary
SUN COUNTRY AIRLINES reported their earnings results for the third quarter of FY2023 on November 7, 2023. Total revenue increased by 12.3% year over year to USD 248.9 million, but net income decreased by 28.9% year over year to USD 7.6 million. As a result, investors should be aware that the company’s profitability has declined in the past quarter. Nevertheless, investors should still remain optimistic about SUN COUNTRY AIRLINES, as total revenue has still grown and there is potential for further growth in the future.
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