Allegiant Travel Financials

ALGT Stock  USD 75.21  1.04  1.36%   
Based on the analysis of Allegiant Travel's profitability, liquidity, and operating efficiency, Allegiant Travel is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in April. At this time, Allegiant Travel's Total Current Liabilities is comparatively stable compared to the past year. Property Plant And Equipment Net is likely to gain to about 3.7 B in 2024, whereas Cash And Short Term Investments are likely to drop slightly above 431.8 M in 2024. Key indicators impacting Allegiant Travel's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio1.141.393
Significantly Down
Very volatile
Current Ratio1.530.8258
Way Up
Very volatile
The financial analysis of Allegiant Travel is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Allegiant Travel includes many different criteria found on its balance sheet. For example, investors should never minimize Allegiant Travel's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Allegiant Travel's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Allegiant Travel.

Net Income

82.99 Million

With this module, you can analyze Allegiant financials for your investing period. You should be able to track the changes in Allegiant Travel individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Allegiant Travel Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Allegiant Travel's financial statements are interrelated, with each one affecting the others. For example, an increase in Allegiant Travel's assets may result in an increase in income on the income statement.
Evaluating Allegiant Travel's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Allegiant Travel's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Allegiant Travel's relative financial performance

Chance Of Distress

Less than 38

 
100  
 
Zero
Below Average
Allegiant Travel has less than 38 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Allegiant Travel stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Allegiant Travel's odds of distress score SHOULD NOT be confused with the real chance of Allegiant Travel filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Allegiant is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Allegiant Travel's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
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The data published in Allegiant Travel's official financial statements usually reflect Allegiant Travel's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Allegiant Travel. For example, before you start analyzing numbers published by Allegiant accountants, it's critical to develop an understanding of what Allegiant Travel's liquidity, profitability, and earnings quality are in the context of the Passenger Airlines space in which it operates.
Please note, the presentation of Allegiant Travel's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Allegiant Travel's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Allegiant Travel's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Allegiant Travel. Please utilize our Beneish M Score to check the likelihood of Allegiant Travel's management manipulating its earnings.

Allegiant Travel Company Summary

Allegiant Travel competes with Mesa Air, and Volaris. Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. Allegiant Travel Company was founded in 1997 and is based in Las Vegas, Nevada. Allegiant Travel operates under Airlines classification in the United States and is traded on NASDAQ Exchange. It employs 5226 people.
Specialization
Industrials, Transportation
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
CIK Number0001362468
ISINUS01748X1028
CUSIP01748X102
RegionNorth America
LocationNevada; U.S.A
Business Address1201 North Town
SectorPassenger Airlines
IndustryIndustrials
BenchmarkNYSE Composite
Websitewww.allegiantair.com
Phone702 851 7300
CurrencyUSD - US Dollar
You should never invest in Allegiant Travel without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Allegiant Stock, because this is throwing your money away. Analyzing the key information contained in Allegiant Travel's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Allegiant Travel Key Financial Ratios

Generally speaking, Allegiant Travel's financial ratios allow both analysts and investors to convert raw data from Allegiant Travel's financial statements into concise, actionable information that can be used to evaluate the performance of Allegiant Travel over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Allegiant Travel reports annually and quarterly.

Allegiant Travel Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets3.0B685.3M4.0B4.5B4.9B5.2B
Other Assets174.2M(2.6B)4.0K251.3M1.01.05
Total Liab2.1B(14.1M)2.8B2.1B3.6B3.8B
Other Current Liab161.7M116.1M162.9M259.2M305.1M320.3M
Net Debt1.3B1.6B1.5B2.0B2.2B2.3B
Retained Earnings1.2B1.0B1.2B1.2B1.3B1.3B
Accounts Payable27.7M34.2M43.6M58.3M54.5M57.2M
Cash121.9M152.8M365.6M230M159.6M129.2M
Net Receivables25.5M192.2M62.7M106.6M70.7M40.5M
Inventory28.4M24.0M27.5M35.5M36.3M18.4M
Other Current Assets1.0M42.1M65.5M161.6M63.1M66.2M
Total Current Assets562.2M943.6M1.3B1.3B1.0B541.7M
Short Term Debt173.3M231.5M149.1M172.9M460.8M483.9M
Long Term Debt1.2B1.4B1.6B1.9B1.8B1.9B
Treasury Stock(605.0M)(617.6M)(646.0M)(638.1M)(574.3M)(545.5M)
Net Tangible Assets883.6M699.4M1.2B1.2B1.4B710.1M
Long Term Debt Total1.1B1.2B1.4B1.6B1.9B932.7M
Capital Surpluse270.9M289.9M329.8M692.1M795.9M835.7M

Allegiant Travel Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Allegiant Travel's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense72.3M56.4M68.4M103.1M153.2M160.8M
Total Revenue1.8B990.1M1.7B2.3B2.5B2.6B
Gross Profit543.7M(4.3M)231.5M340.5M364.2M266.5M
Operating Income221.4M(146.8M)98.1M(54.9M)249.6M262.1M
Ebit221.4M(146.8M)98.1M(54.9M)249.6M262.1M
Ebitda377.3M29.5M279.1M142.6M472.8M496.4M
Income Before Tax301.2M(361.1M)196.6M5.0M159.1M112.0M
Net Income232.1M(184.1M)151.9M2.5M117.6M83.0M
Income Tax Expense69.1M(177.0M)44.8M2.5M41.5M29.1M
Cost Of Revenue1.3B994.4M1.5B2.0B2.1B2.3B
Tax Provision69.1M(177.0M)44.8M2.5M54.7M57.4M
Interest Income12.5M5.5M1.8M16.5M43.0M45.1M
Net Interest Income(59.8M)(50.9M)(66.6M)(86.6M)(72.9M)(76.6M)

Allegiant Travel Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Allegiant Travel. It measures of how well Allegiant is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Allegiant Travel brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Allegiant had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Allegiant Travel has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory14.7M53.6M(123.2M)187.6M215.7M226.5M
Change In Cash40.9M33.5M230.4M(155.3M)(85.9M)(81.6M)
Free Cash Flow(64.6M)(45.7M)232.7M(131.6M)(447.4M)(425.0M)
Depreciation155.9M176.3M181.0M197.5M223.1M234.3M
Other Non Cash Items(4.6M)310.0M(24.3M)48.5M21.0M27.3M
Capital Expenditures505.2M280.2M255.5M434.7M870.5M914.0M
Net Income232.1M(184.1M)151.9M2.5M113.4M90.9M
End Period Cash Flow136.8M170.3M400.7M245.4M159.6M134.5M
Dividends Paid45.7M45.2M45.6M(11.4M)(22.1M)(21.0M)
Investments18.6M(94.4M)(343.6M)(491.4M)(693.2M)(658.6M)
Change Receivables35.6M10.5M4.4M(14.7M)(16.9M)(16.1M)
Net Borrowings135.8M203.0M(19.4M)162.0M186.3M133.3M
Change To Netincome83.7M106.0M85.6M65.9M75.8M62.7M

Allegiant Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Allegiant Travel's current stock value. Our valuation model uses many indicators to compare Allegiant Travel value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Allegiant Travel competition to find correlations between indicators driving Allegiant Travel's intrinsic value. More Info.
Allegiant Travel is number one stock in current ratio category among related companies. It is number one stock in return on equity category among related companies reporting about  0.06  of Return On Equity per Current Ratio. The ratio of Current Ratio to Return On Equity for Allegiant Travel is roughly  16.58 . At this time, Allegiant Travel's Current Ratio is comparatively stable compared to the past year.. Comparative valuation analysis is a catch-all model that can be used if you cannot value Allegiant Travel by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Allegiant Travel's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Allegiant Travel's earnings, one of the primary drivers of an investment's value.

Allegiant Travel Systematic Risk

Allegiant Travel's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Allegiant Travel volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Allegiant Travel correlated with the market. If Beta is less than 0 Allegiant Travel generally moves in the opposite direction as compared to the market. If Allegiant Travel Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Allegiant Travel is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Allegiant Travel is generally in the same direction as the market. If Beta > 1 Allegiant Travel moves generally in the same direction as, but more than the movement of the benchmark.

About Allegiant Travel Financials

What exactly are Allegiant Travel Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Allegiant Travel's income statement, its balance sheet, and the statement of cash flows. Potential Allegiant Travel investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Allegiant Travel investors may use each financial statement separately, they are all related. The changes in Allegiant Travel's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Allegiant Travel's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Allegiant Travel Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Allegiant Travel is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Allegiant has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Allegiant Travel's financials are consistent with your investment objective using the following steps:
  • Review Allegiant Travel's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Allegiant Travel's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Allegiant Travel's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Allegiant Travel's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Allegiant Travel Thematic Clasifications

Allegiant Travel is part of several thematic ideas from Airlines to Impulse. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in Allegiant Travel Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Allegiant Travel's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Allegiant Travel growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.002724

At this time, Allegiant Travel's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

Allegiant Travel March 29, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Allegiant Travel help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Allegiant Travel. We use our internally-developed statistical techniques to arrive at the intrinsic value of Allegiant Travel based on widely used predictive technical indicators. In general, we focus on analyzing Allegiant Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Allegiant Travel's daily price indicators and compare them against related drivers.
When determining whether Allegiant Travel is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Allegiant Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Allegiant Travel Stock. Highlighted below are key reports to facilitate an investment decision about Allegiant Travel Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegiant Travel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
For more information on how to buy Allegiant Stock please use our How to Invest in Allegiant Travel guide.
Note that the Allegiant Travel information on this page should be used as a complementary analysis to other Allegiant Travel's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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When running Allegiant Travel's price analysis, check to measure Allegiant Travel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allegiant Travel is operating at the current time. Most of Allegiant Travel's value examination focuses on studying past and present price action to predict the probability of Allegiant Travel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegiant Travel's price. Additionally, you may evaluate how the addition of Allegiant Travel to your portfolios can decrease your overall portfolio volatility.
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Is Allegiant Travel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allegiant Travel. If investors know Allegiant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allegiant Travel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
18.984
Dividend Share
1.2
Earnings Share
6.29
Revenue Per Share
139.864
Quarterly Revenue Growth
(0)
The market value of Allegiant Travel is measured differently than its book value, which is the value of Allegiant that is recorded on the company's balance sheet. Investors also form their own opinion of Allegiant Travel's value that differs from its market value or its book value, called intrinsic value, which is Allegiant Travel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allegiant Travel's market value can be influenced by many factors that don't directly affect Allegiant Travel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allegiant Travel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegiant Travel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegiant Travel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.