Company Valuation: Alaska Air Group, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,529 5,446 5,003 8,220 5,834 5,215 - -
Change - -16.58% -8.14% 64.29% -29.02% -10.62% - -
Enterprise Value (EV) 1 7,499 6,904 7,030 10,649 9,266 10,019 9,606 8,605
Change - -7.92% 1.82% 51.47% -12.98% 8.13% -4.12% -10.42%
P/E 13.8x 95.4x 21.3x 21x 60.6x -140x 7.29x 5.81x
PBR 1.73x 1.44x 1.2x 1.82x 1.41x 1.27x 1.06x 0.83x
PEG - -1.1x 0x 0.3x -0.8x 1x -0x 0.2x
Capitalization / Revenue 1.06x 0.56x 0.48x 0.7x 0.41x 0.33x 0.31x 0.29x
EV / Revenue 1.21x 0.72x 0.67x 0.91x 0.65x 0.63x 0.57x 0.48x
EV / EBITDA 20.8x 4.82x 4.65x 6.45x 5.81x 8.2x 4.05x 3.48x
EV / EBIT -26.1x 9.51x 8.24x 12.4x 16.8x 54x 7.93x 5.98x
EV / FCF 10.2x -27.3x -15.8x 58.2x -27.3x -32.1x 16.9x 9.06x
FCF Yield 9.84% -3.66% -6.32% 1.72% -3.66% -3.11% 5.92% 11%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 3.77 0.45 1.83 3.08 0.83 -0.3333 6.417 8.05
Distribution rate - - - - - - - -
Net sales 1 6,176 9,646 10,426 11,735 14,239 15,806 16,761 17,816
EBITDA 1 361 1,432 1,512 1,651 1,595 1,222 2,372 2,470
EBIT 1 -287 726 853 861 550 185.5 1,212 1,440
Net income 1 478 58 235 395 100 0.7981 716.6 889
Net Debt 1 970 1,458 2,027 2,429 3,432 4,804 4,391 3,390
Reference price 2 52.10 42.94 39.07 64.75 50.30 46.80 46.80 46.80
Nbr of stocks (in thousands) 125,311 126,838 128,053 126,945 115,989 111,429 - -
Announcement Date 1/27/22 A 1/26/23 A 1/25/24 A 1/22/25 A 1/22/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-148.26x0.65x8.44x-.--% 5.51B
14.46x0.97x7.45x0.88% 57.16B
11.14x0.88x6.92x-.--% 40.9B
14.02x1.56x6.86x1.75% 32.21B
9.39x0.86x4.12x1.89% 27.94B
-372.73x2.74x14.49x0.19% 21.54B
28.12x1.26x6.26x3.41% 18.82B
12.08x1.26x5.1x2.89% 16.3B
-13.78x1.54x10x-.--% 13.62B
9.08x0.42x4.18x3.31% 13.04B
Average -43.65x 1.21x 7.38x 1.43% 24.7B
Weighted average by Cap. -25.06x 1.21x 7.27x 1.29%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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