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Increased risk weighs on SPICEJET, penalising its rating down to Slig...
The independent financial analyst theScreener just lowered the general evaluation of SPICEJET (IN), active in the Airlines industry. As regards its fundamental valuation, the title still shows 3 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date December 7, 2021, the closing price was IN...
Spicejet Ltd: 1 director
A director at Spicejet Ltd sold 75,000 shares at 70.616INR and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sh...
Spicejet's Q2FY19 results (Outperformer) - Lower than expected yields;...
Q2FY19 result highlights SpiceJet reported a net loss of Rs3.9bn for Q2FY19, higher than our estimate of net loss of Rs2.1bn led by lower yields, higher maintenance and fx loss. Maintenance costs came in higher on account of INR depreciation and higher shop visits. Passenger traffic grew 5.0%yoy to 4.7m, ASK grew 6.3%yoy to 5.1bn and RPK grew 5.8%yoy to 4.7bn. Average fare declined 1.1%yoy to Rs3,421 /pax. RASK (yield) de-grew 2.3%yoy to Rs3.7 (est: Rs4.0) and gross spread declined 23.2%yoy...
Spicejet's Q1FY19 results (Outperformer) - Outperforming peers on yiel...
Q1FY19 result highlights SpiceJet’s Q1FY19 earnings were below estimate led by higher maintenance and fx MTM loss. However, the company has reported recurring profit in a tough quarter with 5.2% yoy growth in yields. The company reported a net loss of Rs381m after considering exceptional provision of Rs635m on account of interest liability in the dispute with the Marans. Recurring PAT at Rs254m is below estimate of Rs894m due to higher maintenance costs and fx variation loss of Rs509m (whic...
Spicejet's Q3FY18 results (Outperformer) - Earnings surprise led by hi...
Q3FY18 result highlights Spice Jet reported stellar earnings in Q3FY18 led by higher volumes and better yields. Adjusted PAT grew 68.3%yoy to Rs2.4bn as against our estimate of Rs1.3bn. With capacity additions lagging demand, load factors continue to remain robust and grew 260bp yoy to 93.8%. Passenger traffic grew 18.2%yoy to 4.6m, ASK grew 15.5%yoy to 4.9bn and RPK grew 18.8%yoy to 4.6bn. Average fare grew 9%yoy to Rs3,905/pax. RASK (yield) grew 9.7%yoy to Rs4.2 led by higher fares (est: ...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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