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Intrinsic value of Hawaiian Holdings, Inc. (HA)

Previous Close$16.11
Intrinsic Value
Upside potential
Previous Close
$16.11

VALUATION INPUT DATA (original, your and others' valuations)

ParameterOrig.Your
Date of valuation (DoV)  
Intrinsic value (IV) at DoV, $/sh  
IV at current val. algorithm, $/sh27.31 

The original valuation is based on fiscal year data as of 2021-12-31 and quarterly data as of 2022-03-31.

Registered users can save their valuation input data

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

Company description

Hawaiian Holdings, Inc., through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo. The company offers daily services on North America routes between the State of Hawai'i and Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; Seattle, Washington, and New York City, New York. It also provides daily service on Neighbor Island routes among the six islands of the State of Hawai'I; and international routes between the State of Hawai'i and Sydney, Australia, as well as Tokyo and Osaka, Japan. In addition, the company offers scheduled service between the State of Hawai'i and Pago Pago, American Samoa; Papeete, Tahiti; Brisbane, Australia; Auckland, New Zealand; Sapporo, Japan; and Seoul, South Korea, as well as various ad hoc charters. Hawaiian Holdings, Inc. distributes its tickets through various distribution channels, including its Website hawaiianairlines.com primarily for North America and Neighbor Island routes, as well as through travel agencies and wholesale distributors for its international routes. As of December 31, 2019, the company's fleet consisted of 20 Boeing 717-200 aircraft for the Neighbor Island routes; 24 Airbus A330-200 aircraft; and 17 Airbus A321-200 for the North America, international, and charter routes, as well as owns 4 ATR42 aircrafts. Hawaiian Holdings, Inc. was founded in 1929 and is headquartered in Honolulu, Hawaii.

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2021(a)2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046

INCOME STATEMENT

Revenue growth rate, %89.7NaN
Revenue, $1597NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m1680NaN
Operating income, $m-83NaN
EBITDA, $m56NaN
Interest expense (income), $mNaN
Earnings before tax, $m-186NaN
Tax expense, $m-41NaN
Net income, $m-145NaN

BALANCE SHEET

Cash and short-term investments, $m1750NaN
Total assets, $m4999NaN
Adjusted assets (=assets-cash), $m3249NaN
Average production assets, $m2617NaN
Working capital, $m903NaN
Total debt, $m2429NaN
Total liabilities, $m4430NaN
Total equity, $m569NaN
Debt-to-equity ratio4.269NaN
Adjusted equity ratio-0.302NaN

CASH FLOW

Net income, $m-145NaN
Depreciation, amort., depletion, $m138NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m251NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-39NaN
Free cash flow, $m290NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m903
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
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