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SPICEJET LTD Analysis

Returns | 1W : -3.5% , 1M : -15%,1Y : -12.6%

BSE : 500285 NSE : SPICEJET

LT :

Long Term Analysis

Fundamentals : Average
Valuation : Bad [Stock is Expensive]
Debt : Low

The long term FVD (Fundamentals - Valuation - Debt) Squares represent long term view for a company based on Annual Earnings, Valuation and Debt of the stock. This summary is suitable for Investors investing in the market with a time horizon of more than 3 years. For Banks, NPA/Advances ratio is considered instead of Debt.

Good
Average
Bad

Updated:

ST :

Short Term Analysis

Quarterly Earnings Trend : Downward
Price Momentum : Downward
Pledged Shares : Average [>25% and <50%]

The short term QPP (Quarterly Earnings Trend- Price Momentum - Pledged Shares) Squares represent short term view for a company which is suitable for Traders taking positions in the market with a time horizon of less than 3 years .

Good
Average
Bad

Jan 18,2021

Price(EOD): Rs. 87.25

This is the End-of-Day (EOD) Stock Price updated daily by 10 pm IST.

Industry : Airlines

MarketCap: Rs. 5,239.36 Cr

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Check out Industry Peers

Peers & Returns	1W	1M	1Y
SPICEJET LTD	-3.5%	-15%	-12.6%
INTERGLOBE AVIATION LTD	-4.1%	-1.5%	14.6%
HINDUSTAN AERONAUTICS LTD	6.4%	9.7%	18.4%
JET AIRWAYS (INDIA) LTD	-18.5%	25.1%	165%

FUNDAMENTAL ANALYSIS OF SPICEJET LTD

Fundamental Score of the company compares the financial strength of the company with it's Industry peers as well as other companies in the stock market.

Fundamental Score is derived based on the statistical analysis of 5+ years historical data for consistency, drift and industry outperformance of underlying attributes listed below:

1. Company size based on Revenues. Learn More
2. Growth based on Revenues . Learn More
3. Profit Margins. Learn More
4. Return on Capital Employed (ROCE). Learn More
5. Debt Ratios. Learn More
6. Return on Equity (ROE) 7. NPA / Advances Ratio (Banks) 8. Net Interest Margin (Banks) 9. Operating Cash flow / Sales ratio Please check the Financials tab for more information.

Fundamentals Score

[Last Annual Data : Mar2020 | TTM

Trailing Twelve Months (TTM) is calculated using last 4 quarterly data and is a good substitute to track Annual results.
Learn More

]

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Is SPICEJET LTD good for long term investment?

As on 18-Jan-2021, the Fundamentals of SPICEJET LTD are Average and hence you can wait for the results to improve to invest for long term ! See Financial Performance of SPICEJET LTD. Please look at the other parameters such as Valuation, Price Momentum, News & Corporate Governance and/or consult an Investment Advisor before taking an investment decision!

VALUATION OF SPICEJET LTD

Valuation Score of the company compares the current market value with the intrinsic/fair value of the business as compared to other companies. The fair value has been calculated based on three models:

1. Median Enterprise Value to EBIDTA model calculated over last 12 years data (where available).
Enterprise Value = Market Cap + Debt - Cash. Learn More

2. Median Enterprise Value to Sales model calculated over last 12 years data (where available).
Enterprise Value = Market Cap + Debt - Cash. Learn More

3. Median Price to Sales model calculated over last 12 years data (where available). This model is useful to analyze no profit companies. Learn More

Valuation Score

Ratio	Value
P/E P/B P/S	- P/E Calculated based on EPS of -15.58 [ Mar2020 - Standalone Results ] - P/B Calculated based on Book Value of -26.54 [ Mar2020 - Standalone Results ] 0.53 P/S Calculated based on Revenues of 9870.93 Cr [ TTM - Standalone Results ]

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Is SPICEJET LTD UnderValued or OverValued?

As on 18-Jan-2021, SPICEJET LTD is Over Valued and hence NOT a good buying opportunity according to Share Valuation at this time!

INTRINSIC VALUE OF SPICEJET LTD

This section compares the current market price of the stock with Intrinsic value of the stock calculated based on 3 Valuation models described in the Valuation section.

If Intrinsic Value (Enterprise Value/EBIDTA Model) is -ve, the company made a loss in last financial year or had a high debt.

If Intrinsic Value (Enterprise Value/Sales Model) is -ve, the company had a high debt in the last financial year.

If Intrinsic Value (EV/Sales OR Price/Sales Model) is 0, the latest data is not available.

Model	Discount(-)/ Premium(+)
EV/EBIDTA EV/Sales Price/Sales	98% 28% 12%

What is the Intrinsic Value of SPICEJET LTD ?

As on 18-Jan-2021, the Intrinsic Value of SPICEJET LTD is Rs. 67.90 determined based on Median of the 3 historical models.
Intrinsic Value based on Median EV / EBIDTA Model : Rs. 44.08
Intrinsic Value based on Median EV / Sales Model : Rs. 67.90
Intrinsic Value based on Median Price / Sales Model : Rs. 77.97
Median Intrinsic Value of SPICEJET LTD : Rs. 67.90

Is SPICEJET LTD trading at a Premium or Discount?

As on 18-Jan-2021, SPICEJET LTD is trading at a Premium of 28% based on the Median Intrinsic Value!

SHARE PRICE MOMENTUM OF SPICEJET LTD

DEBT

Year	Debt/Equity ratio
Debt/Equity ratio analysis For all non-Banking industries, Good = Ratio less than 0.4 Average = Ratio between 0.4 and 0.6 Bad = Ratio greater than 0.6 Worst is considered between Standalone & Consolidated	Standalone	Consolidated
2020 2019 2018 Avg_3yrs	-0.69 -3.11 -29.43 -11.08	- -3.12 -22.77 -8.63
[Last Annual Data : Mar2020]

PLEDGED SHARES

Pledged Shares	43.9 %
As on : Sep2020
If less than 25%	Good
If between 25% and 50%	Neutral
If greater than 50%	Bad

QTRLY RESULTS

Standalone	1 Qtr Growth	4 Qtr Growth
Revenue Op Profit EBIDT Net Income	104.98% 11051.7% -81.03% -81.03%	-62.92% 311.12% -75.66% -75.66%
QtrlyTrend	-2 Quarterly Trend analysis The growth rate score are assigned as under: If ratio's 1Q growth is +ve, then 1. If -ve, then -1. If ratio's 4Q growth is +ve, then 1.If -ve, then -1. Growth Score= Sum of all the above scores for Revenue, Operating Profit and Net Income. Interpretation Good = Growth Score >=4 Neutral = Growth Score between 0 and 4 Bad = Growth Score less than 0
Latest Qtr: Sep2020