公司概述
Sun Country Airlines Holdings, Inc. operates as an air carrier company providing scheduled passenger, air cargo, charter air transportation, and related services across the United States, Latin America, and international destinations. The company is structured into two primary business segments, namely Passenger and Cargo, and also offers aircraft-related services within the broader Industrials sector. Its operational scale is defined by a market capitalization of $947.27M, an annual revenue of $1.13B, and a workforce comprising 3281 employees. These financial metrics indicate that the company functions as a mid-cap entity within the Airlines industry, possessing a substantial asset base that supports its diversified route network while maintaining a revenue stream that is significant relative to its market valuation.
财务健康
The company generated $1.13B in revenue and recorded $52.81M in net income, while EBITDA stood at $201.34M. The substantial gap between the EBITDA figure and the net income reveals a significant cost structure burden, primarily driven by interest expenses and taxes that consume a large portion of operating earnings before reaching the bottom line. Free cash flow amounted to $25.08M, which suggests limited financial flexibility for capital expenditures or debt reduction relative to the total debt load. Profitability analysis shows a gross margin of 31.1%, an operating margin of 6.5%, and a profit margin of 4.7%, indicating that while the airline retains a healthy portion of revenue after direct costs, operational leverage and non-operating expenses significantly compress the final profit. The balance sheet holds $234.31M in cash against $591.83M in debt, resulting in a debt-to-equity ratio of 94.67, which characterizes a highly leveraged financial position rather than a conservative one. Short-term liquidity is constrained, as evidenced by a current ratio of 0.82, indicating that current assets are insufficient to cover current liabilities without relying on external financing or asset sales. Return on Equity stands at 8.8% and Return on Assets is 3.9%, metrics that suggest management effectiveness is moderate, with returns on assets being particularly low due to the capital-intensive nature of the airline business and the high debt load diluting asset returns.
估值评估
The trailing twelve-month P/E ratio is 18.21, while the forward P/E is projected at 9.48, implying that the market expects earnings to recover significantly or that the current earnings base is depressed relative to future expectations. The price-to-book ratio is 1.49, indicating that the stock trades at a premium of roughly 49% over its net asset value, which may reflect intangible brand value or future growth potential in the passenger segment. Alternative valuation metrics include a price-to-sales ratio of 0.84 and an EV/EBITDA of 6.40, suggesting the company is valued at less than one dollar of sales and trades at a low multiple of earnings before interest, taxes, depreciation, and amortization compared to historical aviation peers. The stock has a 52-week high of $22.29 and a 52-week low of $8.10, placing the current trading price in a range that reflects recent volatility but requires specific calculation to determine the exact percentage distance from the high or low without real-time price data. With a beta of 1.59, the stock exhibits price volatility that is significantly higher than the broader market, meaning it is expected to fluctuate with greater intensity during periods of market stress or rally.
Growth & Income
Revenue growth year-over-year is 7.9%, whereas earnings growth is -37.9%, indicating that earnings are declining at a much faster rate than revenue, which typically points to rising costs or margin compression rather than a decline in top-line sales. As a non-dividend payer, the company has a dividend yield of N/A and a payout ratio of 0.0%, meaning it reinvests all available earnings back into the business for fleet expansion, route development, or debt management rather than distributing cash to shareholders. This lack of dividend distribution combined with negative earnings growth suggests the company is prioritizing operational stability and capital investment over income generation for investors. Overall, the growth and income profile presents a high-risk, high-reward scenario characterized by strong revenue expansion but significant earnings contraction and no current income yield for shareholders.