A Business at a Glance
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Sun Country Airlines Holdings, Inc.
SNCY
$890M
Mkt Cap
Sun Country Airlines Holdings, Inc. (SNCY) has a current P/E ratio of 19.8, compared to its historical median P/E of 15.6. The stock is currently considered Fair based on its historical valuation range.
Sun Country Airlines Holdings, Inc. (SNCY) has a 5-year average return on invested capital (ROIC) of 12.4%. This indicates solid capital allocation.
Sun Country Airlines Holdings, Inc. (SNCY) has a market capitalization of $1.0B. It is classified as a small-cap stock.
Sun Country Airlines Holdings, Inc. (SNCY) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.97%.
Based on historical P/E analysis, Sun Country Airlines Holdings, Inc. (SNCY) appears fair. The current P/E of 19.8 is 27% above its historical median of 15.6. The estimated fair value CAGR (P/E method) is 14.6%.
Sun Country Airlines Holdings, Inc. (SNCY) operates in the Air Transportation, Scheduled industry, within the Industrials sector.
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. Based in Minnesota, we focus on serving leisure and VFR passengers, Charter customers, and providing CMI service to Amazon, with flights throughout the United States and to destinations in Canada, Mexico, Central America and the Caribbean. We share resources, such as flight crews, across our Passenger and Cargo segments with the objective of generating higher returns and margins while mitigating the seasonality of our route network. We optimize capacity using an agile peak demand scheduling strategy which aims to shift flying to markets during periods of peak demand and away from markets during periods of low demand.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.1B | 1.1B | 1.1B | 1.0B | 894M | 623M |
| Net Income | 40M | 53M | 53M | 72M | 18M | 81M |
| EPS | $0.75 | $0.96 | $0.96 | $1.23 | $0.29 | $1.37 |
| Free Cash Flow | 72M | 84M | 118M | -44M | -60M | 36M |
| ROIC | 8.4% | 10.5% | 11.0% | 14.8% | 7.8% | 17.7% |
| Gross Margin | - | 22.2% | 78.0% | 76.5% | 70.0% | 79.3% |
| Debt/Equity | 0.47 | 0.55 | 0.61 | 0.82 | 0.77 | 0.72 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 81M | 101M | 106M | 128M | 56M | 112M |
| Operating Margin | 7.1% | 8.9% | 9.9% | 12.1% | 6.2% | 18.0% |
| ROE | 6.1% | 8.8% | 9.8% | 14.3% | 3.6% | 21.0% |
| Shares Outstanding | 54M | 55M | 55M | 59M | 61M | 59M |
| Metric | ||||||||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 701M | 401M | 623M | 894M | 1.0B | 1.1B | 1.1B | 1.1B |
| Gross Margin | 76.4% | 79.2% | 79.3% | 70.0% | 76.5% | 78.0% | 22.2% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 35M | 17M | 22M | 31M | 34M | 35M | 33M | 33M |
| EBIT | 78M | 17M | 112M | 56M | 128M | 106M | 101M | 81M |
| Op. Margin | 11.1% | 4.3% | 18.0% | 6.2% | 12.1% | 9.9% | 8.9% | 7.1% |
| Net Income | 46M | -3.9M | 81M | 18M | 72M | 53M | 53M | 40M |
| Net Margin | 6.6% | -1.0% | 13.0% | 2.0% | 6.9% | 4.9% | 4.7% | 3.5% |
| Non-Recurring | -1.2M | -413K | 5K | 1.1M | 1.3M | 6.3M | 8.7M | 8.7M |
| Returns on Capital | ||||||||
| ROIC | N/A | 3.8% | 17.7% | 7.8% | 14.8% | 11.0% | 10.5% | 8.4% |
| ROE | N/A | -1.4% | 21.0% | 3.6% | 14.3% | 9.8% | 8.8% | 6.1% |
| ROA | N/A | -0.7% | 6.7% | 1.2% | 4.6% | 3.3% | 3.2% | 2.4% |
| Cash Flow | ||||||||
| Op. Cash Flow | 63M | 374K | 159M | 127M | 174M | 165M | 157M | 170M |
| Free Cash Flow | -6.5M | -96M | 36M | -60M | -44M | 118M | 84M | 72M |
| Owner Earnings | 27M | -50M | 96M | 57M | 77M | 64M | 52M | 62M |
| CapEx | 70M | 96M | 123M | 188M | 218M | 47M | 73M | 98M |
| Maint. CapEx | 35M | 48M | 57M | 68M | 88M | 95M | 99M | 99M |
| Growth CapEx | 35M | 48M | 66M | 120M | 130M | 0 | 0 | 0 |
| D&A | 35M | 48M | 57M | 68M | 88M | 95M | 99M | 99M |
| CapEx/OCF | N/A | N/A | 77.6% | 147.5% | 125.3% | 28.7% | 46.5% | 57.7% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 25M | 69M | 12M | 20M | 10M |
| Buyback Yield | N/A | N/A | N/A | 2.7% | 7.2% | 1.5% | 2.5% | 1.0% |
| Stock-Based Comp | 1.9M | 2.1M | 5.6M | 2.8M | 9.3M | 6.0M | 6.3M | 9.6M |
| Debt Repayment | 10M | 70M | 85M | 113M | 69M | 146M | 112M | 112M |
| Balance Sheet | ||||||||
| Net Debt | -9.4M | 362M | 38M | 107M | 233M | 161M | 106M | 87M |
| Cash & Equiv. | 51M | 62M | 309M | 92M | 46M | 83M | 145M | 220M |
| Long-Term Debt | 42M | 256M | 248M | 295M | 327M | 240M | 255M | 245M |
| Debt/Equity | N/A | 1.51 | 0.72 | 0.77 | 0.82 | 0.61 | 0.55 | 0.47 |
| Interest Coverage | 4.5 | 0.8 | 4.3 | 1.8 | 3.0 | 5.4 | 5.7 | 4.8 |
| Equity | N/A | 284M | 491M | 493M | 514M | 570M | 625M | 659M |
| Total Assets | N/A | 1.1B | 1.4B | 1.5B | 1.6B | 1.6B | 1.7B | 1.7B |
| Total Liabilities | N/A | 769M | 890M | 1.0B | 1.1B | 1.1B | 1.1B | 1.0B |
| Intangibles | N/A | 93M | 89M | 85M | 84M | 78M | 73M | 72M |
| Retained Earnings | N/A | 38M | 4.4M | 22M | 94M | 147M | 200M | 224M |
| Working Capital | -1.2M | -127M | 94M | -32M | -147M | -156M | -83M | -74M |
| Current Assets | 566K | 127M | 375M | 345M | 271M | 267M | 368M | 355M |
| Current Liabilities | 1.7M | 254M | 282M | 377M | 419M | 422M | 451M | 430M |
| Per Share Data | ||||||||
| EPS | 0.96 | -0.08 | 1.37 | 0.29 | 1.23 | 0.96 | 0.96 | 0.75 |
| Owner EPS | 0.55 | -1.02 | 1.62 | 0.94 | 1.31 | 1.16 | 0.94 | 1.14 |
| Book Value | N/A | 5.82 | 8.27 | 8.08 | 8.77 | 10.35 | 11.36 | 12.17 |
| Cash Flow/Share | 1.32 | 0.01 | 2.68 | 2.09 | 2.97 | 2.99 | 2.86 | 2.58 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 48.0M | 48.8M | 59.3M | 61.0M | 58.7M | 55.1M | 55.0M | 54.2M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | 20.2 | 52.1 | 13.1 | 15.6 | 15.2 | 25.3 |
| P/FCF | N/A | N/A | 46.0 | N/A | N/A | 7.0 | 9.6 | 14.3 |
| EV/EBIT | N/A | N/A | 14.4 | 18.3 | 9.5 | 9.3 | 9.5 | 13.8 |
| Price/Book | N/A | N/A | 3.3 | 1.9 | 1.8 | 1.4 | 1.3 | 1.6 |
| Price/Sales | N/A | N/A | 3.2 | 1.5 | 1.0 | 0.7 | 0.6 | 0.9 |
| FCF Yield | N/A | N/A | 2.2% | -6.6% | -4.6% | 14.3% | 10.5% | 7.0% |
| Market Cap | N/A | N/A | 1.6B | 921M | 947M | 823M | 802M | 1.0B |
| Avg. Price | N/A | N/A | 34.06 | 21.54 | 17.70 | 12.88 | 12.88 | 19.01 |
| Year-End Price | N/A | N/A | 27.66 | 15.11 | 16.14 | 14.94 | 14.58 | 19.01 |
Sun Country Airlines Holdings, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Sun Country Airlines Holdings, Inc. trades at 19.8x trailing earnings, compared to its 15-year median P/E of 15.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 12.0x vs a median of 9.6x. The company's 5-year average ROIC is 12.4% with a gross margin of 65.2%. Total shareholder yield (buybacks) is 1.0%. At current prices, the estimated annualized return to fair value is +108.0%.
Sun Country Airlines Holdings, Inc. (SNCY) reported annual revenue of $1.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
Sun Country Airlines Holdings, Inc. (SNCY) has a net profit margin of 4.7%. This is a modest margin.
Sun Country Airlines Holdings, Inc. (SNCY) generated $84 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Sun Country Airlines Holdings, Inc. (SNCY) has a debt-to-equity ratio of 0.55. This indicates moderate leverage.
Sun Country Airlines Holdings, Inc. (SNCY) reported earnings per share (EPS) of $0.96 in its most recent fiscal year.
Sun Country Airlines Holdings, Inc. (SNCY) has a return on equity (ROE) of 8.8%. This indicates moderate shareholder returns.
Sun Country Airlines Holdings, Inc. (SNCY) has a 5-year average gross margin of 65.2%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 7 years of financial data for Sun Country Airlines Holdings, Inc. (SNCY), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Sun Country Airlines Holdings, Inc. (SNCY) has a book value per share of $11.36, based on its most recent annual SEC filing.