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Sun Country Airlines is a new breed of hybrid low-cost air carrier that dynamically deploys shared resources across our synergistic passenger service (including Scheduled Service and Charter) and cargo service segments. By doing so, we generate high growth, high margins and strong cash flows with greater resilience than other passenger airlines.
$16.17
+$0.00 (+0.00%)
Price from 21 days ago
Operating margin is thin at 8.93%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 4.7%, steady but not accelerating. Free cash flow declined 29% despite revenue growth, conversion is weakening.
Free cash flow declined 29% versus the prior year, cash generation momentum has weakened. Net debt of $358M represents 4.3x FCF, leverage limits flexibility.
22.2x earnings, 12.6x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.14B
▲ +4.7% YoY
Net Income (TTM)
$40M
▼ -0.2% YoY
Op. Margin
7.13%
▼ -0.9pp YoY
ROIC
5.76%
▼ -0.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$72M
▼ -28.5% YoY
Op. Cash Flow (TTM)
$170M
▼ -4.7% YoY
Net Debt
$349M
Cash & Equiv.
$220M
5Y CAGR: +22.9%
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