Company Valuation: Southwest Airlines Co.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 25,358 19,992 17,216 20,163 21,374 21,758 - -
Change - -21.16% -13.88% 17.12% 6.01% 1.8% - -
Enterprise Value (EV) 1 20,581 15,788 13,749 18,137 23,044 26,350 26,435 26,038
Change - -23.29% -12.91% 31.92% 27.05% 14.34% 0.32% -1.5%
P/E 26.6x 38.7x 35.7x 44.2x 52.3x 17.9x 10.6x 8.54x
PBR 2.44x 1.87x 1.63x 1.93x 2.8x 2.86x 2.33x 1.86x
PEG - -0.8x -5.18x -7.16x 13.25x 0x 0.2x 0.4x
Capitalization / Revenue 1.61x 0.84x 0.66x 0.73x 0.76x 0.65x 0.61x 0.59x
EV / Revenue 1.3x 0.66x 0.53x 0.66x 0.82x 0.79x 0.74x 0.71x
EV / EBITDA -2,287x 6.39x 5.68x 8.58x 11x 7.67x 6.02x 4.89x
EV / EBIT -16.1x 14.1x 15.3x 39.7x 42.8x 14.5x 10.2x 7.5x
EV / FCF 11.3x -118x -38.6x -11.4x -27.7x 96.3x 30.5x 19.6x
FCF Yield 8.83% -0.85% -2.59% -8.78% -3.61% 1.04% 3.28% 5.1%
Dividend per Share 2 - - 0.72 0.72 0.72 0.72 0.7546 0.79
Rate of return - - 2.49% 2.14% 1.74% 1.62% 1.7% 1.78%
EPS 2 1.61 0.87 0.81 0.76 0.79 2.484 4.202 5.205
Distribution rate - - 88.9% 94.7% 91.1% 29% 18% 15.2%
Net sales 1 15,790 23,814 26,091 27,483 28,063 33,533 35,804 36,829
EBITDA 1 -9 2,471 2,422 2,114 2,099 3,436 4,392 5,324
EBIT 1 -1,281 1,120 900 457 539 1,813 2,592 3,470
Net income 1 977 539 498 465 441 1,160 2,031 2,487
Net Debt 1 -4,777 -4,204 -3,467 -2,026 1,670 4,592 4,677 4,280
Reference price 2 42.84 33.67 28.88 33.62 41.33 44.44 44.44 44.44
Nbr of stocks (in thousands) 591,920 593,752 596,115 599,737 517,155 489,602 - -
Announcement Date 1/27/22 A 1/26/23 A 1/25/24 A 1/30/25 A 1/28/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.89x0.79x7.67x1.62% 21.76B
17.23x0.93x8.29x0.92% 55.86B
12.99x0.78x7.74x-.--% 35.9B
14.59x1.48x6.84x1.7% 29.38B
8.33x0.82x3.95x2.08% 25.01B
129.75x2.34x14.38x0.06% 22.18B
32.33x1.13x6.17x3.32% 17.35B
-10.76x1.67x13.49x-.--% 17.3B
9.41x1.11x4.69x3.49% 13.5B
-13.25x1.56x10.47x-.--% 12.41B
Average 21.85x 1.26x 8.37x 1.32% 25.06B
Weighted average by Cap. 22.62x 1.18x 8.22x 1.18%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Southwest Airlines Co.

Historical PBR trend

Valuation ratios - PBR - Southwest Airlines Co.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Southwest Airlines Co.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Southwest Airlines Co.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Southwest Airlines Co.
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