Alaska Enterprise Value vs Earnings before Tax Analysis

ALK Stock  USD 39.87  0.19  0.48%   
Trend analysis of Alaska Air Group balance sheet accounts such as Short Long Term Debt Total of 4 B, Other Current Liabilities of 1.5 B or Total Current Liabilities of 4.7 B provides information on Alaska Air's total assets, liabilities, and equity, which is the actual value of Alaska Air Group to its prevalent stockholders. By breaking down trends over time using Alaska Air balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alaska Air Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

About Alaska Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Alaska Air Group at a specified time, usually calculated after every quarter, six months, or one year. Alaska Air Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Alaska Air and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Alaska currently owns. An asset can also be divided into two categories, current and non-current.

Alaska Air Balance Sheet Chart

Alaska Air Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Alaska Air Group uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Alaska Air's Property Plant And Equipment Net is quite stable compared to the past year. Net Debt is expected to rise to about 4.3 B this year, although the value of Common Stock Shares Outstanding will most likely fall to about 118 M.

Total Assets

Total assets refers to the total amount of Alaska Air assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Alaska Air Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Alaska Air balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Alaska Air Group are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Alaska Air's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alaska Air Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alaska Air Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Tax Provision is expected to rise to about 117.2 M this year, although the value of Selling General Administrative will most likely fall to about 292.6 M.
 2021 2022 2023 2024 (projected)
Total Operating Expenses680M1.0B1.0B1.5B
Cost Of Revenue4.8B8.0B8.5B8.9B

Alaska Air fundamental ratios Correlations

0.930.860.990.940.990.960.920.20.990.360.630.880.230.990.820.09-0.640.990.80.670.710.720.690.87-0.55
0.930.80.940.780.870.960.790.430.890.360.750.860.090.950.630.01-0.610.950.780.770.860.640.680.77-0.52
0.860.80.840.860.880.790.860.220.860.110.570.740.350.830.670.0-0.610.840.520.60.720.380.460.55-0.48
0.990.940.840.890.970.960.860.270.970.290.680.860.230.980.820.01-0.580.990.860.720.750.760.710.89-0.53
0.940.780.860.890.960.870.99-0.060.950.390.50.830.250.880.770.18-0.720.890.620.550.530.60.630.78-0.59
0.990.870.880.970.960.930.930.110.990.30.550.820.280.960.870.07-0.610.970.770.60.640.710.660.85-0.54
0.960.960.790.960.870.930.860.180.950.350.620.850.040.970.75-0.01-0.650.970.840.660.730.750.70.86-0.54
0.920.790.860.860.990.930.86-0.030.930.440.50.840.160.860.680.22-0.820.870.570.550.570.530.610.72-0.68
0.20.430.220.27-0.060.110.18-0.030.120.090.530.280.160.29-0.060.010.060.280.210.490.66-0.020.120.04-0.06
0.990.890.860.970.950.990.950.930.120.380.530.830.190.970.830.09-0.660.970.780.580.650.720.690.86-0.57
0.360.360.110.290.390.30.350.440.090.380.20.43-0.160.380.050.8-0.520.340.090.210.280.090.280.31-0.35
0.630.750.570.680.50.550.620.50.530.530.20.760.340.640.280.07-0.370.650.490.990.790.320.510.48-0.29
0.880.860.740.860.830.820.850.840.280.830.430.760.190.870.520.17-0.690.870.640.790.770.540.560.7-0.63
0.230.090.350.230.250.280.040.160.160.19-0.160.340.190.20.380.210.280.210.010.40.07-0.02-0.070.130.3
0.990.950.830.980.880.960.970.860.290.970.380.640.870.20.790.08-0.591.00.830.680.750.730.670.86-0.51
0.820.630.670.820.770.870.750.68-0.060.830.050.280.520.380.79-0.06-0.240.810.80.360.340.790.540.86-0.24
0.090.010.00.010.180.07-0.010.220.010.090.80.070.170.210.08-0.06-0.240.05-0.270.090.06-0.31-0.15-0.02-0.09
-0.64-0.61-0.61-0.58-0.72-0.61-0.65-0.820.06-0.66-0.52-0.37-0.690.28-0.59-0.24-0.24-0.59-0.31-0.37-0.49-0.26-0.44-0.430.85
0.990.950.840.990.890.970.970.870.280.970.340.650.870.211.00.810.05-0.590.840.70.760.740.690.88-0.52
0.80.780.520.860.620.770.840.570.210.780.090.490.640.010.830.8-0.27-0.310.840.530.550.940.710.93-0.38
0.670.770.60.720.550.60.660.550.490.580.210.990.790.40.680.360.09-0.370.70.530.780.380.560.54-0.3
0.710.860.720.750.530.640.730.570.660.650.280.790.770.070.750.340.06-0.490.760.550.780.290.410.44-0.4
0.720.640.380.760.60.710.750.53-0.020.720.090.320.54-0.020.730.79-0.31-0.260.740.940.380.290.760.94-0.35
0.690.680.460.710.630.660.70.610.120.690.280.510.56-0.070.670.54-0.15-0.440.690.710.560.410.760.76-0.46
0.870.770.550.890.780.850.860.720.040.860.310.480.70.130.860.86-0.02-0.430.880.930.540.440.940.76-0.46
-0.55-0.52-0.48-0.53-0.59-0.54-0.54-0.68-0.06-0.57-0.35-0.29-0.630.3-0.51-0.24-0.090.85-0.52-0.38-0.3-0.4-0.35-0.46-0.46
Click cells to compare fundamentals

Alaska Air Account Relationship Matchups

Alaska Air fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets13.0B14.0B14.0B14.3B15.8B16.6B
Short Long Term Debt Total3.2B5.1B4.1B3.9B3.8B4.0B
Other Current Liab1.7B1.7B1.1B1.5B1.4B1.5B
Total Current Liabilities3.2B4.3B4.0B4.5B4.5B4.7B
Total Stockholder Equity4.3B3.0B3.8B3.8B4.1B4.3B
Property Plant And Equipment Net8.6B7.6B7.6B8.8B9.6B10.1B
Net Debt3.0B3.7B3.6B3.5B4.1B4.3B
Retained Earnings5.1B3.8B4.2B4.3B4.5B4.8B
Cash221M1.4B470M338M281M280.5M
Non Current Assets Total11.0B10.0B10.0B11.2B13.1B13.8B
Non Currrent Assets Other278M379M396M(243M)262M275.1M
Cash And Short Term Investments1.5B3.3B3.1B2.4B1.8B967.2M
Net Receivables323M480M546M296M383M402.2M
Common Stock Shares Outstanding124.3M123.5M126.8M127.9M128.7M118.0M
Liabilities And Stockholders Equity13.0B14.0B14.0B14.3B15.8B16.6B
Non Current Liabilities Total5.5B6.8B6.2B6.0B7.3B7.6B
Other Current Assets516M660M196M60M415M302.9M
Other Stockholder Equity(338M)(266M)(180M)(97M)(124M)(117.8M)
Total Liab8.7B11.0B10.2B10.5B11.7B12.3B
Property Plant And Equipment Gross1.3B7.6B10B11.4B13.1B13.7B
Total Current Assets2.0B4.0B3.9B3.0B2.7B1.4B
Accumulated Other Comprehensive Income(465M)(494M)(262M)(388M)(299M)(314.0M)
Short Term Debt504M1.4B634M523M511M536.6M
Intangible Assets122M107M2.0B2.0B2.3B2.5B
Accounts Payable146M108M200M221M207M113.9M
Current Deferred Revenue900M1.1B2.1B2.3B2.4B2.5B
Short Term Investments1.3B2.0B2.6B2.1B1.5B1.0B
Other Liab2.8B3.1B2.7B2.6B3.0B3.1B
Other Assets809M379M780M380M437M325.4M
Long Term Debt1.3B2.4B2.2B1.9B2.2B1.4B
Treasury Stock(518M)(568M)(643M)(674M)(606.6M)(576.3M)
Property Plant Equipment8.1B6.2B7.2B8.8B10.1B10.7B
Net Tangible Assets2.3B3.0B1.8B3.8B4.4B3.1B
Long Term Debt Total1.3B2.4B2.2B1.9B2.2B1.6B
Capital Surpluse305M391M494M577M519.3M338.2M

Alaska Air Investors Sentiment

The influence of Alaska Air's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Alaska. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Alaska Air's public news can be used to forecast risks associated with an investment in Alaska. The trend in average sentiment can be used to explain how an investor holding Alaska can time the market purely based on public headlines and social activities around Alaska Air Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Alaska Air's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Alaska Air's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Alaska Air's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Alaska Air.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Alaska Air in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Alaska Air's short interest history, or implied volatility extrapolated from Alaska Air options trading.

Pair Trading with Alaska Air

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alaska Air position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alaska Air will appreciate offsetting losses from the drop in the long position's value.

Moving against Alaska Stock

  0.62MCAF Mountain Crest Acqui Upward RallyPairCorr
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The ability to find closely correlated positions to Alaska Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alaska Air when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alaska Air - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alaska Air Group to buy it.
The correlation of Alaska Air is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alaska Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alaska Air Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alaska Air can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Alaska Air Group 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 Alaska 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 Alaska Air Group Stock. Highlighted below are key reports to facilitate an investment decision about Alaska Air Group Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alaska Air Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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Is Alaska Air'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 Alaska Air. If investors know Alaska 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 Alaska Air 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
2.484
Earnings Share
1.83
Revenue Per Share
81.853
Quarterly Revenue Growth
0.03
Return On Assets
0.0355
The market value of Alaska Air Group is measured differently than its book value, which is the value of Alaska that is recorded on the company's balance sheet. Investors also form their own opinion of Alaska Air's value that differs from its market value or its book value, called intrinsic value, which is Alaska Air'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 Alaska Air's market value can be influenced by many factors that don't directly affect Alaska Air'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 Alaska Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alaska Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alaska Air'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.