Allegiant Travel Stock Working Capital
ALGT Stock | USD 61.77 0.51 0.83% |
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 Working Capital | -211.2 M | -200.6 M | |
Change In Working Capital | -2.4 M | -2.3 M | |
Working Capital | 0.00 | 0.00 |
Allegiant | Working Capital |
Allegiant Travel Company Working Capital Analysis
Allegiant Travel's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
More About Working Capital | All Equity Analysis
Working Capital | = | Current Assets | - | Current Liabilities |
Current Allegiant Travel Working Capital | (211.18 M) |
Most of Allegiant Travel's fundamental indicators, such as Working Capital, 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 Working Capital 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 Working Capital. 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.
Click cells to compare fundamentals
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
Competition |
Allegiant Capital Surpluse
Capital Surpluse |
|
In accordance with the company's disclosures, Allegiant Travel has a Working Capital of (211.18 Million). This is 165.54% lower than that of the Passenger Airlines sector and 91.89% lower than that of the Industrials industry. The working capital for all United States stocks is 114.29% higher than that of the company.
Allegiant Working Capital 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 Working Capital 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 working capital category among related companies.
Allegiant Fundamentals
Return On Equity | 0.0923 | ||||
Return On Asset | 0.0334 | ||||
Profit Margin | 0.05 % | ||||
Operating Margin | 0.03 % | ||||
Current Valuation | 2.62 B | ||||
Shares Outstanding | 18.29 M | ||||
Shares Owned By Insiders | 17.02 % | ||||
Shares Owned By Institutions | 86.57 % | ||||
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 | 1.11 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
0.62 | MESA | Mesa Air Group Financial Report 14th of May 2024 | PairCorr |
Moving against Allegiant Stock
0.77 | BZ | Kanzhun Ltd ADR Financial Report 22nd of May 2024 | PairCorr |
0.74 | BV | BrightView Holdings Financial Report 2nd of May 2024 | PairCorr |
0.72 | DY | Dycom Industries Financial Report 22nd of May 2024 | PairCorr |
0.71 | EH | Ehang Holdings Buyout Trend | PairCorr |
0.68 | AL | Air Lease Financial Report 6th of May 2024 | 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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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.
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Stocks Directory Find actively traded stocks across global markets | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |
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.