Spicejet Ltd
NSE:SPICEJET

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Spicejet Ltd
NSE:SPICEJET
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Price: 31.7 INR 1.93% Market Closed
Market Cap: 21.7B INR
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Relative Value

The Relative Value of one SPICEJET stock under the Base Case scenario is 78.47 INR. Compared to the current market price of 31.7 INR, Spicejet Ltd is Undervalued by 60%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

SPICEJET Relative Value
Base Case
78.47 INR
Undervaluation 60%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

0.3
P/S
P/S
Price to Sales
0.3
vs History
61
vs Industry
63
Median 3Y
0.3
Median 5Y
0.3
Industry
0.5
Forward
0.2
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
Median 3Y
-3.1
Median 5Y
-3.7
Industry
9.2
Forward
5.6
More Details
26.4
P/OCF
P/OCF
Price to OCF
26.4
vs History
1
vs Industry
1
Median 3Y
26.4
Median 5Y
21.6
Industry
3.5
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
2
Median 3Y
-4.1
Median 5Y
-4.1
Industry
10.5
More Details
Negative
P/B
P/B
Price to Book Value
N/A
vs History
vs Industry
Median 3Y
-0.4
Median 5Y
-0.8
Industry
2.1
More Details
0.6
EV/S
EV/S
Enterprise Value to Sales
0.6
vs History
66
vs Industry
60
Median 3Y
0.6
Median 5Y
0.9
Industry
0.9
Forward
0.6
More Details
2.9
EV/GP
EV/GP
Enterprise Value to Gross Profit
2.9
vs History
66
vs Industry
47
Median 3Y
3.5
Median 5Y
4.4
Industry
3
More Details
130.2
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
130.2
vs History
0
vs Industry
3
Median 3Y
-11.6
Median 5Y
-11.6
Industry
6.6
Forward
2.5
More Details
Negative
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
N/A
vs History
vs Industry
Median 3Y
-5.2
Median 5Y
-5.2
Industry
10.2
Forward
7.6
More Details
62
EV/OCF
EV/OCF
Enterprise Value to OCF
62
vs History
0
vs Industry
3
Median 3Y
62
Median 5Y
47.5
Industry
6.4
More Details
62
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
62
vs History
19
vs Industry
5
Median 3Y
62
Median 5Y
62
Industry
10
More Details
1.1
EV/IC
EV/IC
Enterprise Value to IC
1.1
vs History
42
vs Industry
21
Median 3Y
1.1
Median 5Y
1.1
Industry
0.8
More Details

Multiples Across Competitors

SPICEJET Competitors Multiples
Spicejet Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
IN
Spicejet Ltd
NSE:SPICEJET
21.7B INR 0.3 -4.1 130.2 -5.2
US
Delta Air Lines Inc
NYSE:DAL
40.4B USD 0.7 8.7 5.5 9.1
US
United Airlines Holdings Inc
NASDAQ:UAL
33.2B USD 0.6 12 8.8 8.8
CH
Kinarus Therapeutics Holding AG
SIX:KNRS
19.5B CHF 0 -1 404.3 -1 404.9 -1 404.9
IN
Interglobe Aviation Ltd
NSE:INDIGO
1.8T INR 2.5 27.5 11.6 21.2
IE
Ryanair Holdings PLC
LSE:RYA
15.4B EUR 1.1 8 4.5 6.8
US
Southwest Airlines Co
NYSE:LUV
20.5B USD 0.7 -417.9 12.4 -44.8
UK
International Consolidated Airlines Group SA
LSE:IAG
14.8B GBP 0.5 6.8 57.5 92
CN
Air China Ltd
SSE:601111
132.9B CNY 0.8 -279.2 -428.5 -428.5
CN
China Southern Airlines Co Ltd
SSE:600029
118.1B CNY 0.7 -33.2 62.9 62.9
SG
Singapore Airlines Ltd
SGX:C6L
19.1B SGD 1 9.7 4.9 10.5
P/E Multiple
Earnings Growth P/E to Growth
IN
Spicejet Ltd
NSE:SPICEJET
Average P/E: 12.1
Negative Multiple: -4.1 		N/A N/A
US
Delta Air Lines Inc
NYSE:DAL
8.7
14%
0.6
US
United Airlines Holdings Inc
NASDAQ:UAL
12
82%
0.1
CH
Kinarus Therapeutics Holding AG
SIX:KNRS
Negative Multiple: -1 404.3 N/A N/A
IN
Interglobe Aviation Ltd
NSE:INDIGO
27.5
18%
1.6
IE
R
Ryanair Holdings PLC
LSE:RYA
8
48%
0.2
US
Southwest Airlines Co
NYSE:LUV
Negative Multiple: -417.9
209%
N/A
UK
International Consolidated Airlines Group SA
LSE:IAG
6.8
7%
1
CN
Air China Ltd
SSE:601111
Negative Multiple: -279.2 N/A N/A
CN
China Southern Airlines Co Ltd
SSE:600029
Negative Multiple: -33.2 N/A N/A
SG
Singapore Airlines Ltd
SGX:C6L
9.7
-50%
N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IN
Spicejet Ltd
NSE:SPICEJET
Average EV/EBITDA: 33.1
130.2
N/A N/A
US
Delta Air Lines Inc
NYSE:DAL
5.5
23%
0.2
US
United Airlines Holdings Inc
NASDAQ:UAL
8.8
30%
0.3
CH
Kinarus Therapeutics Holding AG
SIX:KNRS
Negative Multiple: -1 404.9 N/A N/A
IN
Interglobe Aviation Ltd
NSE:INDIGO
11.6
45%
0.3
IE
R
Ryanair Holdings PLC
LSE:RYA
4.5
33%
0.1
US
Southwest Airlines Co
NYSE:LUV
12.4
87%
0.1
UK
International Consolidated Airlines Group SA
LSE:IAG
57.5
25%
2.3
CN
Air China Ltd
SSE:601111
Negative Multiple: -428.5
17 174%
N/A
CN
China Southern Airlines Co Ltd
SSE:600029
62.9
754%
0.1
SG
Singapore Airlines Ltd
SGX:C6L
4.9
-17%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
IN
Spicejet Ltd
NSE:SPICEJET
Average EV/EBIT: 30.2
Negative Multiple: -5.2 		N/A N/A
US
Delta Air Lines Inc
NYSE:DAL
9.1
20%
0.5
US
United Airlines Holdings Inc
NASDAQ:UAL
8.8
27%
0.3
CH
Kinarus Therapeutics Holding AG
SIX:KNRS
Negative Multiple: -1 404.9 N/A N/A
IN
Interglobe Aviation Ltd
NSE:INDIGO
21.2
33%
0.6
IE
R
Ryanair Holdings PLC
LSE:RYA
6.8
37%
0.2
US
Southwest Airlines Co
NYSE:LUV
Negative Multiple: -44.8
360%
N/A
UK
International Consolidated Airlines Group SA
LSE:IAG
92
25%
3.6
CN
Air China Ltd
SSE:601111
Negative Multiple: -428.5
7 484%
N/A
CN
China Southern Airlines Co Ltd
SSE:600029
62.9
180%
0.3
SG
Singapore Airlines Ltd
SGX:C6L
10.5
-46%
N/A

See Also

Summary
SPICEJET intrinsic value, competitors valuation, and company profile.
DCF Valuation
SPICEJET stock valuation using Discount Cash Flow valuation method.
Relative Valuation
SPICEJET stock valuation using valuation multiples.
Wall Street Estimates
SPICEJET price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
SPICEJET stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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