Allegiant Travel Stock Net Income
| ALGT Stock | USD 61.63 0.58 0.93% |
Allegiant Travel fundamentals help investors to digest information that contributes to Allegiant Travel's financial success or failures. It also enables traders to predict the movement of Allegiant Stock. The fundamental analysis module provides a way to measure Allegiant Travel's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Allegiant Travel stock.
| Last Reported | Projected for Next Year | ||
| Net Income | 113.4 M | 90.9 M | |
| Net Income Applicable To Common Shares | 2.8 M | 2.7 M | |
| Net Income From Continuing Ops | 172 M | 91.6 M | |
| Net Income Per Share | 6.53 | 3.57 | |
| Net Income Per E B T | 0.74 | 0.80 |
Allegiant | Net Income |
Allegiant Travel Company Net Income Analysis
Allegiant Travel's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Allegiant Travel Net Income | 113.41 M |
Most of Allegiant Travel's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Allegiant Travel is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Allegiant Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Allegiant Travel is extremely important. It helps to project a fair market value of Allegiant Stock properly, considering its historical fundamentals such as Net Income. Since Allegiant Travel's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Allegiant Travel's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Allegiant Travel's interrelated accounts and indicators.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Allegiant Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Allegiant Travel reported net income of 113.41 M. This is 56.29% lower than that of the Passenger Airlines sector and 87.46% lower than that of the Industrials industry. The net income for all United States stocks is 80.14% higher than that of the company.
Allegiant Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Allegiant Travel's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Allegiant Travel could also be used in its relative valuation, which is a method of valuing Allegiant Travel by comparing valuation metrics of similar companies.Allegiant Travel is currently under evaluation in net income category among related companies.
Allegiant Travel Institutional Holders
Institutional Holdings refers to the ownership stake in Allegiant Travel that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Allegiant Travel's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Allegiant Travel's value.| Shares | American Century Companies Inc | 2023-12-31 | 302.3 K | Par Capital Management Inc | 2023-12-31 | 253.5 K | Geneva Capital Management | 2023-12-31 | 248.9 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 245.2 K | Fort Washington Investment Advisors Inc | 2023-12-31 | 242.5 K | Brandywine Global Investment Mgmt Llc | 2023-12-31 | 228.4 K | Bank Of New York Mellon Corp | 2023-12-31 | 208.1 K | Amvescap Plc. | 2023-12-31 | 192 K | Gw&k Investment Management, Llc | 2023-12-31 | 158.1 K | Blackrock Inc | 2023-12-31 | 2.5 M | Vanguard Group Inc | 2023-12-31 | 1.7 M |
Allegiant Fundamentals
| Return On Equity | 0.0923 | ||||
| Return On Asset | 0.0334 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.03 % | ||||
| Current Valuation | 2.65 B | ||||
| Shares Outstanding | 18.29 M | ||||
| Shares Owned By Insiders | 17.02 % | ||||
| Shares Owned By Institutions | 86.61 % | ||||
| Number Of Shares Shorted | 746.37 K | ||||
| Price To Earning | 40.92 X | ||||
| Price To Book | 0.84 X | ||||
| Price To Sales | 0.45 X | ||||
| Revenue | 2.51 B | ||||
| Gross Profit | 494.21 M | ||||
| EBITDA | 472.76 M | ||||
| Net Income | 113.41 M | ||||
| Cash And Equivalents | 1.21 B | ||||
| Cash Per Share | 67.19 X | ||||
| Total Debt | 2.36 B | ||||
| Debt To Equity | 1.69 % | ||||
| Current Ratio | 1.53 X | ||||
| Book Value Per Share | 75.22 X | ||||
| Cash Flow From Operations | 423.09 M | ||||
| Short Ratio | 3.03 X | ||||
| Earnings Per Share | 6.29 X | ||||
| Price To Earnings To Growth | (14.47) X | ||||
| Target Price | 77.89 | ||||
| Number Of Employees | 5.64 K | ||||
| Beta | 1.56 | ||||
| Market Capitalization | 1.14 B | ||||
| Total Asset | 4.93 B | ||||
| Retained Earnings | 1.27 B | ||||
| Working Capital | (211.18 M) | ||||
| Current Asset | 395.24 M | ||||
| Current Liabilities | 388.47 M | ||||
| Annual Yield | 0.03 % | ||||
| Five Year Return | 1.79 % | ||||
| Net Asset | 4.93 B | ||||
| Last Dividend Paid | 1.2 |
About Allegiant Travel Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Allegiant Travel's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Allegiant Travel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Allegiant Travel based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Allegiant Travel
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 Allegiant Travel 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 Allegiant Travel will appreciate offsetting losses from the drop in the long position's value.Moving together with Allegiant Stock
| 0.84 | HA | Hawaiian Holdings | PairCorr |
| 0.62 | AAL | American Airlines Earnings Call Tomorrow | PairCorr |
Moving against Allegiant Stock
| 0.78 | DAL | Delta Air Lines Financial Report 11th of July 2024 | PairCorr |
| 0.72 | AL | Air Lease Financial Report 6th of May 2024 | PairCorr |
| 0.7 | ALK | Alaska Air Group Financial Report 23rd of July 2024 | PairCorr |
| 0.7 | SKYW | SkyWest Earnings Call Tomorrow | PairCorr |
| 0.57 | DIST | Distoken Acquisition | PairCorr |
The ability to find closely correlated positions to Allegiant Travel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allegiant Travel 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 Allegiant Travel - 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 Allegiant Travel to buy it.
The correlation of Allegiant Travel 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 Allegiant Travel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allegiant Travel 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 Allegiant Travel 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.Check out Allegiant Travel Piotroski F Score and Allegiant Travel Altman Z Score analysis. 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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Allegiant Stock analysis
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.