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Spirit Airlines (Spirit Airlines) Enterprise Value

: $6,381 Mil (As of Today)
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Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Spirit Airlines's Enterprise Value is $6,381 Mil. Spirit Airlines's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-429 Mil. Therefore, Spirit Airlines's EV-to-EBIT ratio for today is -14.87.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Spirit Airlines's Enterprise Value is $6,381 Mil. Spirit Airlines's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $-108 Mil. Therefore, Spirit Airlines's EV-to-EBITDA ratio for today is -58.99.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Spirit Airlines's Enterprise Value is $6,381 Mil. Spirit Airlines's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $5,363 Mil. Therefore, Spirit Airlines's EV-to-Revenue ratio for today is 1.19.


Spirit Airlines Enterprise Value Historical Data

The historical data trend for Spirit Airlines's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Spirit Airlines Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,253.78 5,392.96 6,047.18 6,881.97 7,743.76

Spirit Airlines Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6,881.97 6,732.04 6,986.66 7,496.02 7,743.76

Competitive Comparison

For the Airlines subindustry, Spirit Airlines's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Spirit Airlines Enterprise Value Distribution

For the Transportation industry and Industrials sector, Spirit Airlines's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Spirit Airlines's Enterprise Value falls into.



Spirit Airlines Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Spirit Airlines's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as

Spirit Airlines's Enterprise Value for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Spirit Airlines  (NYSE:SAVE) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Spirit Airlines's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=6380.999/-429.05
=-14.87

Spirit Airlines's current Enterprise Value is $6,381 Mil.
Spirit Airlines's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-429 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Spirit Airlines's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=6380.999/-108.178
=-58.99

Spirit Airlines's current Enterprise Value is $6,381 Mil.
Spirit Airlines's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-108 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Spirit Airlines's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=6380.999/5362.549
=1.19

Spirit Airlines's current Enterprise Value is $6,381 Mil.
Spirit Airlines's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,363 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Spirit Airlines Enterprise Value Related Terms

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Spirit Airlines (Spirit Airlines) Business Description

Traded in Other Exchanges
Address
2800 Executive Way, Miramar, FL, USA, 33025
Spirit Airlines Inc serves the United States, Latin America, and Caribbean as an airline operator. It primarily offers customers unbundled base fares to strip out any unneeded travel amenities. If needed, a customer can elect for additional options at an extra charge. Flight crews are entirely interchangeable across all aircraft, and maintenance and other support services are simplified due to not having an overly complex fleet. The company has one operating segment, air transportation, owing to its system wide route structure. It may decide to expand its network if a market is underserved or overpriced. The majority of revenue is derived from the United States.
Executives
Rocky Wiggins officer: SVP and CIO C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Melinda C Grindle officer: SVP & CHRO C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Robert D Johnson director HONEYWELL, 1944 E SKY HARBOR CIRCLE, PHOENIX AZ 85034
Brian J. Mcmenamy officer: VP & Controller C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Laurie Villa officer: SVP and CHRO C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
John A. Bendoraitis officer: EVP and COO C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Thomas C Canfield officer: SVP, GC & Secretary C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Kevin Blake Vanier officer: VP of FP & A C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Christine P Richards director 942 SOUTH SHADY GROVE ROAD, MEMPHIS TN 38120
Mark B Dunkerley director
H. Mcintyre Gardner director C/O SPIRIT AIRLINES, 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Christie Edward M Iii officer: Chief Financial Officer S/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Robert L Fornaro director C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Matthew H Klein officer: SVP and CCO C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Dawn M. Zier director 600 OFFICE CENTER DRIVE, FORT WASHINGTON PA 19034