SpiceJet Limited (SPICEJET) AI Stock Analysis

• Market Cap: ₹42.38B
• Dividend Yield: N/A
• Average Volume (3M): 12.45M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.35
• Revenue Growth: -30.23%
• EPS Growth: 45.36%
• Country: IN
• Employees: 7,131
• Sector: Services
• Sector Strength: N/A
• Industry: Airlines, Airports & Air Services
• EPS (TTM): -1.70
• Shares Outstanding: 1,281,988,600
• 10 Day Avg. Volume: 18,854,900
• 30 Day Avg. Volume: 12,451,830
• PEG Ratio: -0.69
• Price to Book (P/B): -2.45
• Price to Sales (P/S): 0.94
• P/FCF Ratio: -2.68
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹34.00
• Price Target Upside: 2.84% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 46 Neutral
• Price Target: ₹34.00 ▲(2.84% Upside)

SpiceJet's overall stock score is primarily impacted by its challenging financial performance, characterized by negative profitability and high leverage. The technical analysis suggests a bearish trend, though not excessively so. Valuation concerns are significant due to ongoing losses and lack of dividends, making the stock less attractive to investors.

SpiceJet Limited Business Overview & Revenue Model

Company Description

SpiceJet Limited is a leading low-cost airline based in India, primarily focused on providing affordable air travel services. Established in 2005, the airline operates a robust domestic and international network, catering to a diverse range of passengers. SpiceJet is known for its innovative pricing strategies and a customer-centric approach, offering services that include passenger air transport, cargo services, and chartered flights. The company aims to enhance connectivity across various regions, making air travel accessible to a broader audience.

How the Company Makes Money

SpiceJet generates revenue primarily through ticket sales from its passenger flights, offering both economy and premium services. The airline's revenue model is based on a low-cost structure, which allows it to provide competitive fares while maintaining profitability. Additional revenue streams include ancillary services such as baggage fees, in-flight meals, and seat selection charges. Cargo services also contribute to the company's earnings, with SpiceJet operating dedicated freighter aircraft to transport goods. Strategic partnerships with travel agencies, online travel platforms, and loyalty programs further enhance revenue by increasing ticket sales and customer retention. The airline also benefits from government initiatives to promote regional connectivity, tapping into new markets and expanding its operational footprint.

SpiceJet Limited Financial Statement Overview

Summary

SpiceJet's financial performance is poor, with negative gross and net profit margins, volatile revenue growth, and negative EBIT margins. The balance sheet reveals negative stockholders' equity and a high debt-to-equity ratio, indicating financial instability. Cash flow is strained, with negative free cash flow growth and a negative operating cash flow to net income ratio.

Income Statement

SpiceJet's financial performance has been challenging, with negative gross and net profit margins indicating persistent profitability issues. The revenue growth has been volatile, and EBIT margins have been consistently negative, highlighting operational inefficiencies. Despite positive EBITDA margins, the company's income statement reflects significant financial stress.

Balance Sheet

The balance sheet shows a concerning financial position with negative stockholders' equity, indicating liabilities exceed assets significantly. The high debt-to-equity ratio suggests a heavy reliance on debt financing, posing substantial financial risk. Overall, the balance sheet reflects instability and financial vulnerability.

Cash Flow

SpiceJet's cash flow statement indicates negative free cash flow growth and a negative operating cash flow to net income ratio, reflecting cash flow strain. The limited ability to generate positive cash flow from operations is a major concern, impacting long-term financial sustainability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	61.52B	50.74B	67.77B	88.65B	66.04B	49.87B
Gross Profit	-3.83B	-2.38B	-3.88B	-5.07B	-15.15B	-12.60B
EBITDA	-2.12B	10.01B	8.12B	-921.10M	510.44M	10.23B
Net Income	-4.71B	627.68M	-4.23B	-15.13B	-17.44B	-10.30B
Balance Sheet
Total Assets	84.61B	65.94B	64.72B	77.71B	95.55B	113.52B
Cash, Cash Equivalents and Short-Term Investments	28.38B	8.01B	2.15B	359.74M	631.14M	359.40M
Total Debt	50.20B	42.19B	53.79B	73.49B	83.32B	95.18B
Total Liabilities	110.59B	85.39B	116.91B	136.21B	138.95B	139.56B
Stockholders Equity	-25.96B	-19.42B	-52.17B	-58.50B	-43.40B	-26.04B
Cash Flow
Free Cash Flow	0.00	-17.70B	-6.54B	403.65M	9.67B	1.51B
Operating Cash Flow	0.00	-16.89B	-5.96B	627.95M	10.04B	2.28B
Investing Cash Flow	0.00	-6.43B	234.58M	5.12B	-1.49B	2.12B
Financing Cash Flow	0.00	21.68B	8.26B	-6.10B	-8.78B	-4.37B

SpiceJet Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 33.06
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SPICEJET, the sentiment is Neutral. The current price of 33.06 is above the 20-day moving average (MA) of 31.15, above the 50-day MA of 32.96, and below the 200-day MA of 42.16, indicating a neutral trend. The MACD of 0.13 indicates Negative momentum. The RSI at 53.42 is Neutral, neither overbought nor oversold. The STOCH value of 68.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SPICEJET.

SpiceJet Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WELENT	68 Neutral	₹75.19B	23.65	―	0.55%	14.32%	4.35%
EASEMYTRIP	68 Neutral	₹29.39B	37.13	―	5.59%	-11.41%	-30.90%
YATRA	67 Neutral	₹26.40B	54.41	―	―	118.05%	―
THOMASCOOK	66 Neutral	₹76.58B	30.18	―	0.28%	12.46%	-4.05%
MHRIL	57 Neutral	₹66.87B	51.51	―	―	3.14%	6.79%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SPICEJET	46 Neutral	₹42.38B	―	―	―	-30.23%	45.36%