Company Valuation: Southwest Airlines Co.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 27,513 25,358 19,992 17,216 20,163 23,024 23,024 -
Change - -7.83% -21.16% -13.88% 17.12% 14.19% 0% -
Enterprise Value (EV) 1 24,510 20,581 15,788 13,749 18,137 24,770 26,359 26,608
Change - -16.03% -23.29% -12.91% 31.92% 36.57% 6.42% 0.94%
P/E ratio -8.57x 26.6x 38.7x 35.7x 44.2x 56x 14.3x 11.7x
PBR 2.97x 2.44x 1.87x 1.63x 1.93x 2.89x 2.82x 2.48x
PEG - -0x -0.8x -5.18x -7.16x 12.3x 0x 0.5x
Capitalization / Revenue 3.04x 1.61x 0.84x 0.66x 0.73x 0.82x 0.75x 0.71x
EV / Revenue 2.71x 1.3x 0.66x 0.53x 0.66x 0.88x 0.86x 0.83x
EV / EBITDA -6.49x -2,287x 6.39x 5.68x 8.58x 11.5x 7.14x 6.24x
EV / EBIT -4.87x -16.1x 14.1x 15.3x 39.7x 49x 13.1x 10.6x
EV / FCF -14.9x 11.3x -118x -38.6x -11.4x -43x 137x 39.2x
FCF Yield -6.7% 8.83% -0.85% -2.59% -8.78% -2.33% 0.73% 2.55%
Dividend per Share 2 0.18 - - 0.72 0.72 0.7289 0.7501 0.7965
Rate of return 0.39% - - 2.49% 2.14% 1.64% 1.68% 1.79%
EPS 2 -5.44 1.61 0.87 0.81 0.76 0.7946 3.108 3.789
Distribution rate -3.31% - - 88.9% 94.7% 91.7% 24.1% 21%
Net sales 1 9,048 15,790 23,814 26,091 27,483 28,116 30,699 32,231
EBITDA 1 -3,777 -9 2,471 2,422 2,114 2,147 3,694 4,261
EBIT 1 -5,032 -1,281 1,120 900 457 505.8 2,012 2,505
Net income 1 -3,074 977 539 498 465 435 1,638 1,910
Net Debt 1 -3,003 -4,777 -4,204 -3,467 -2,026 1,746 3,336 3,584
Reference price 2 46.61 42.84 33.67 28.88 33.62 44.52 44.52 44.52
Nbr of stocks (in thousands) 590,273 591,920 593,752 596,115 599,737 517,155 517,155 -
Announcement Date 28/01/21 27/01/22 26/01/23 25/01/24 30/01/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
56.03x0.88x11.53x1.64% 23.02B
34.99x0.7x7.58x-.--% 10.55B
30.23x1.88x9.08x1.17% 4.65B
30.96x2.27x9.84x2.98% 3.56B
20.84x1.97x5.32x0.46% 1.97B
-40.74x1.12x7.1x-.--% 1.68B
9.46x1.06x4.6x6.33% 1.53B
-7.48x1.57x8.96x-.--% 1.21B
-12.6x1.33x4.28x-.--% 1.08B
Average 13.52x 1.42x 7.59x 1.4% 5.47B
Weighted average by Cap. 38.05x 1.12x 9.49x 1.31%
See all sector valuations

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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  4. Valuation Southwest Airlines Co.