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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry
vs
history
Cash to Debt No Debt
SAVE's Cash to Debt is ranked higher than
97% of the 126 Companies
in the Global Airlines industry.

( Industry Median: 0.52 vs. SAVE: No Debt )
SAVE' s 10-Year Cash to Debt Range
Min: 0.22   Max: No Debt
Current: No Debt

Equity to Asset 0.62
SAVE's Equity to Asset is ranked higher than
99% of the 119 Companies
in the Global Airlines industry.

( Industry Median: 0.28 vs. SAVE: 0.62 )
SAVE' s 10-Year Equity to Asset Range
Min: -0.54   Max: 0.65
Current: 0.62

-0.54
0.65
Interest Coverage No Debt
SAVE's Interest Coverage is ranked higher than
98% of the 99 Companies
in the Global Airlines industry.

( Industry Median: 3.40 vs. SAVE: No Debt )
SAVE' s 10-Year Interest Coverage Range
Min: 0.46   Max: 9999.99
Current: No Debt

0.46
9999.99
F-Score: 6
Z-Score: 8.58
M-Score: -2.18
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) 17.06
SAVE's Operating margin (%) is ranked higher than
97% of the 123 Companies
in the Global Airlines industry.

( Industry Median: 4.64 vs. SAVE: 17.06 )
SAVE' s 10-Year Operating margin (%) Range
Min: 2.32   Max: 17.06
Current: 17.06

2.32
17.06
Net-margin (%) 10.69
SAVE's Net-margin (%) is ranked higher than
94% of the 123 Companies
in the Global Airlines industry.

( Industry Median: 2.79 vs. SAVE: 10.69 )
SAVE' s 10-Year Net-margin (%) Range
Min: 4.22   Max: 11.96
Current: 10.69

4.22
11.96
ROE (%) 23.00
SAVE's ROE (%) is ranked higher than
94% of the 118 Companies
in the Global Airlines industry.

( Industry Median: 7.83 vs. SAVE: 23.00 )
SAVE' s 10-Year ROE (%) Range
Min: 16.38   Max: 23
Current: 23

16.38
23
ROA (%) 14.98
SAVE's ROA (%) is ranked higher than
98% of the 126 Companies
in the Global Airlines industry.

( Industry Median: 1.66 vs. SAVE: 14.98 )
SAVE' s 10-Year ROA (%) Range
Min: 10.25   Max: 25.53
Current: 14.98

10.25
25.53
ROC (Joel Greenblatt) (%) 792.67
SAVE's ROC (Joel Greenblatt) (%) is ranked higher than
99% of the 123 Companies
in the Global Airlines industry.

( Industry Median: 6.09 vs. SAVE: 792.67 )
SAVE' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 87.77   Max: 792.67
Current: 792.67

87.77
792.67
Revenue Growth (%) -8.20
SAVE's Revenue Growth (%) is ranked higher than
65% of the 104 Companies
in the Global Airlines industry.

( Industry Median: 4.50 vs. SAVE: -8.20 )
SAVE' s 10-Year Revenue Growth (%) Range
Min: 0   Max: -8.2
Current: -8.2

EBITDA Growth (%) 15.50
SAVE's EBITDA Growth (%) is ranked higher than
91% of the 97 Companies
in the Global Airlines industry.

( Industry Median: -6.70 vs. SAVE: 15.50 )
SAVE' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 15.5
Current: 15.5

0
15.5
EPS Growth (%) -3.80
SAVE's EPS Growth (%) is ranked higher than
82% of the 87 Companies
in the Global Airlines industry.

( Industry Median: -16.50 vs. SAVE: -3.80 )
SAVE' s 10-Year EPS Growth (%) Range
Min: 0   Max: -3.8
Current: -3.8

» SAVE's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

SAVE Guru Trades in Q3 2013

Jeremy Grantham 14,300 sh (New)
Paul Tudor Jones 18,700 sh (New)
PRIMECAP Management 638,000 sh (+64.01%)
Steven Cohen 55,199 sh (+22.57%)
Robert Olstein 253,200 sh (+2.51%)
Ronald Muhlenkamp 59,075 sh (-2.22%)
Manning & Napier Advisors, Inc 2,599,003 sh (-14.54%)
Joel Greenblatt 218,532 sh (-43.83%)
» More
Q4 2013

SAVE Guru Trades in Q4 2013

Jim Simons 27,200 sh (New)
Ronald Muhlenkamp 86,725 sh (+46.8%)
PRIMECAP Management 738,000 sh (+15.67%)
Joel Greenblatt 151,612 sh (-30.62%)
Robert Olstein 155,000 sh (-38.78%)
Paul Tudor Jones 10,600 sh (-43.32%)
Jeremy Grantham 7,500 sh (-47.55%)
Manning & Napier Advisors, Inc 1,347,576 sh (-48.15%)
Steven Cohen 10,741 sh (-80.54%)
» More
Q1 2014

SAVE Guru Trades in Q1 2014

Mariko Gordon 8,876 sh (New)
Ronald Muhlenkamp 185,885 sh (+114.34%)
PRIMECAP Management 782,624 sh (+6.05%)
Joel Greenblatt Sold Out
Jeremy Grantham Sold Out
Steven Cohen Sold Out
Jim Simons Sold Out
Robert Olstein 149,000 sh (-3.87%)
Paul Tudor Jones 4,923 sh (-53.56%)
Manning & Napier Advisors, Inc 14,620 sh (-98.92%)
» More
Q2 2014

SAVE Guru Trades in Q2 2014

Manning & Napier Advisors, Inc Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with SAVE

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ronald Muhlenkamp 2014-03-31 Add 114.34%1.01%$44.76 - $63.05 $ 67.3529%185885
Joel Greenblatt 2014-03-31 Sold Out 0.16%$44.76 - $63.05 $ 67.3529%0
Mariko Gordon 2014-03-31 New Buy0.02%$44.76 - $63.05 $ 67.3529%8876
Ronald Muhlenkamp 2013-12-31 Add 46.8%0.22%$33.09 - $46.45 $ 67.3558%86725
Joel Greenblatt 2013-12-31 Reduce -30.62%0.07%$33.09 - $46.45 $ 67.3558%151612
Joel Greenblatt 2013-09-30 Reduce -43.83%0.23%$30.24 - $35.69 $ 67.35104%218532
PRIMECAP Management 2013-09-30 Add 64.01%0.01%$30.24 - $35.69 $ 67.35104%638000
PRIMECAP Management 2013-06-30 Add 113.74%0.01%$24.61 - $33.43 $ 67.35134%389000
PRIMECAP Management 2013-03-31 Add 219.3%$17.5 - $26.62 $ 67.35221%182000
Ronald Muhlenkamp 2012-12-31 New Buy0.22%$15.71 - $17.8 $ 67.35294%57815
Joel Greenblatt 2012-12-31 Add 39.12%0.14%$15.71 - $17.8 $ 67.35294%477500
Joel Greenblatt 2012-09-30 Add 117.17%0.21%$16.1 - $22.72 $ 67.35238%343233
Joel Greenblatt 2012-06-30 New Buy0.23%$17.94 - $23.9 $ 67.35222%158046
PRIMECAP Management 2012-06-30 Add 280%$17.94 - $23.9 $ 67.35222%57000
PRIMECAP Management 2012-03-31 New Buy$14.19 - $20.15 $ 67.35298%15000
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 26.80
SAVE's P/E(ttm) is ranked higher than
80% of the 135 Companies
in the Global Airlines industry.

( Industry Median: 19.30 vs. SAVE: 26.80 )
SAVE' s 10-Year P/E(ttm) Range
Min: 3.11   Max: 27.2
Current: 26.8

3.11
27.2
P/B 6.30
SAVE's P/B is ranked higher than
70% of the 135 Companies
in the Global Airlines industry.

( Industry Median: 1.78 vs. SAVE: 6.30 )
SAVE' s 10-Year P/B Range
Min: 1.84   Max: 6.3
Current: 6.3

1.84
6.3
P/S 2.86
SAVE's P/S is ranked higher than
66% of the 135 Companies
in the Global Airlines industry.

( Industry Median: 0.45 vs. SAVE: 2.86 )
SAVE' s 10-Year P/S Range
Min: 0.34   Max: 2.9
Current: 2.86

0.34
2.9
PFCF 26.40
SAVE's PFCF is ranked higher than
86% of the 135 Companies
in the Global Airlines industry.

( Industry Median: 95.12 vs. SAVE: 26.40 )
SAVE' s 10-Year PFCF Range
Min: 3.73   Max: 26.7
Current: 26.4

3.73
26.7
EV-to-EBIT 14.77
SAVE's EV-to-EBIT is ranked higher than
83% of the 135 Companies
in the Global Airlines industry.

( Industry Median: 20.20 vs. SAVE: 14.77 )
SAVE' s 10-Year EV-to-EBIT Range
Min: 1.8   Max: 15
Current: 14.77

1.8
15
Current Ratio 1.62
SAVE's Current Ratio is ranked higher than
94% of the 122 Companies
in the Global Airlines industry.

( Industry Median: 0.95 vs. SAVE: 1.62 )
SAVE' s 10-Year Current Ratio Range
Min: 0.88   Max: 2.01
Current: 1.62

0.88
2.01
Quick Ratio 1.62
SAVE's Quick Ratio is ranked higher than
94% of the 122 Companies
in the Global Airlines industry.

( Industry Median: 0.91 vs. SAVE: 1.62 )
SAVE' s 10-Year Quick Ratio Range
Min: 0.88   Max: 2.01
Current: 1.62

0.88
2.01

Valuation & Return

vs
industry
vs
history
Price/Net Cash 91.00
SAVE's Price/Net Cash is ranked higher than
99% of the 135 Companies
in the Global Airlines industry.

( Industry Median: 9999.00 vs. SAVE: 91.00 )
SAVE' s 10-Year Price/Net Cash Range
Min: 12.63   Max: 80.27
Current: 91

12.63
80.27
Price/Net Current Asset Value 61.80
SAVE's Price/Net Current Asset Value is ranked higher than
99% of the 135 Companies
in the Global Airlines industry.

( Industry Median: 9999.00 vs. SAVE: 61.80 )
SAVE' s 10-Year Price/Net Current Asset Value Range
Min: 10.96   Max: 54.5
Current: 61.8

10.96
54.5
Price/Tangible Book 6.00
SAVE's Price/Tangible Book is ranked higher than
73% of the 135 Companies
in the Global Airlines industry.

( Industry Median: 2.81 vs. SAVE: 6.00 )
SAVE' s 10-Year Price/Tangible Book Range
Min: 2.05   Max: 5.33
Current: 6

2.05
5.33
Price/Median PS Value 2.30
SAVE's Price/Median PS Value is ranked higher than
70% of the 135 Companies
in the Global Airlines industry.

( Industry Median: 1.07 vs. SAVE: 2.30 )
SAVE' s 10-Year Price/Median PS Value Range
Min: 0.32   Max: 2.07
Current: 2.3

0.32
2.07
Price/Graham Number 2.70
SAVE's Price/Graham Number is ranked higher than
79% of the 135 Companies
in the Global Airlines industry.

( Industry Median: 1.51 vs. SAVE: 2.70 )
SAVE' s 10-Year Price/Graham Number Range
Min: 0.92   Max: 2.36
Current: 2.7

0.92
2.36
Earnings Yield (Greenblatt) 6.50
SAVE's Earnings Yield (Greenblatt) is ranked higher than
78% of the 122 Companies
in the Global Airlines industry.

( Industry Median: 6.90 vs. SAVE: 6.50 )
SAVE' s 10-Year Earnings Yield (Greenblatt) Range
Min: 6.5   Max: 54.5
Current: 6.5

6.5
54.5

Business Description

Industry: Airlines » Airlines
Compare: » details
Traded in other countries:S64.Germany
Spirit Airlines Inc was founded in 1964 as Clippert Trucking Company, a Michigan corporation. In 1974, it changed its name to Ground Air Transfer, Inc. and, beginning in 1983, started doing business as Charter One, a charter tour operator providing travel packages to entertainment destinations such as Atlantic City, Las Vegas and the Bahamas. In 1990, it received its Air Carrier Certificate from the Federal Aviation Administration and began air charter operations. In 1992, it renamed as Spirit Airlines, Inc. and thereafter began adding scheduled passenger service to destinations such as Fort Lauderdale, Detroit, Myrtle Beach, Los Angeles and New York. In 1994 it reincorporated in Delaware, and in 1999 it relocated its headquarters office to Miramar, Florida. Spirit Airlines is an ultra low-cost, low-fare airline based in Fort Lauderdale, Florida that provides affordable travel opportunities principally to and from South Florida, the Caribbean and Latin America. Its ultra low-cost carrier, or ULCC, business model allows them to offer a low-priced basic service combined with a range of optional services for additional fees, targeting price-sensitive leisure travelers and travelers visiting friends and relatives, or VFR. Its ULCC business model allows the company to compete principally through offering low base fares. Its goal is to offer compelling value to its customers by utilizing its low-cost structure and unbundled pricing strategy and, in so doing, grow profitably and enhance its position among the low-cost carriers in the Americas. Its business strategy are Maintain Low Unit Operating Costs, Couple Low Fares with Expanded Ancillary Services to Stimulate Traffic and Generate More Stable Revenues, Profitably Expand its Network in Attractive Caribbean, Latin American and U.S. Domestic Markets, Leverage its Brand to Grow Revenue, Maintain Disciplined Fleet and Network Growth. Spirit Airlines, the Spirit logo, Big Front Seat, $9 Fare Club and FREE SPIRIT are trademarks of Spirit Airlines, Inc. in the United States and other countries. This prospectus also contains trademarks and trade names of other companies. Its operating revenues are comprised of passenger revenues and non-ticket revenues. It currently serves 48 airports throughout North America, the Caribbean and Latin America. As of December 31, 2011, it had a fleet of 37 Airbus single-aisle aircraft, consisting of 26 A319s, nine A320s and two A321s, and the average age of the fleet was 4.5 years. All of its existing aircraft were acquired under operating leases. Its current fleet plan calls for growth to 68 aircraft by the end of 2015. Its principal competitors on domestic routes are AirTran Airways, American Airlines, Delta Air Lines and JetBlue Airways. Its principal competitors for service from South Florida to its growth markets in the Caribbean and Latin America are American Airlines through its hub in Miami, and JetBlue. It currently sells its product through three pr
» More Articles for SAVE

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