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Spring Airlines Co Ltd operates as a low-cost airline in China engages in the provision of local and international aviation services. It operates a fleet of Airbus A320 aircraft. It offers domestic routes such as Guangzhou, Zhuhai, Kunming, Xiamen, Shenyang, Harbin, Urumqi, Haikou, Guilin, Wenzhou and Qingdao. The company also offers international routes within Asia. It also provides insurance service which includes Standard Accident Insurance, Overseas Travel Insurance and Flight Delay and Cancellation Insurance.
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Spring Airlines has a last 12-month revenue of $2.8B and a last 12-month EBITDA of $739M.
In the most recent fiscal year, Spring Airlines achieved revenue of $2.5B and an EBITDA of $692M.
Spring Airlines expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Spring Airlines valuation multiples based on analyst estimates| FY 2022 | FY 2023 | FY 2024 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $1.1B | $2.5B | $2.8B | $2.8B | XXX |
| Gross Profit | -$64.9M | -$442M | $332M | XXX | XXX |
| Gross Margin | -6% | -18% | 12% | XXX | XXX |
| EBITDA | -$140M | $692M | $713M | $739M | XXX |
| EBITDA Margin | -12% | 28% | 26% | 26% | XXX |
| Net Profit | $5.4M | -$417M | $310M | XXX | XXX |
| Net Margin | 0% | -17% | 11% | XXX | XXX |
| Net Debt | $885M | $836M | $453M | XXX | XXX |
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As of February 21, 2025, Spring Airlines's stock price is CNY 50 (or $7).
Spring Airlines has current market cap of CNY 49.2B (or $6.7B), and EV of CNY 58.3B (or $8.0B).
See Spring Airlines trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8.0B | $6.7B | XXX | XXX | XXX | XXX | $0.36 |
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Sign UpAs of February 21, 2025, Spring Airlines has market cap of $6.7B and EV of $8.0B.
Spring Airlines's trades at 2.8x LTM EV/Revenue multiple, and 10.8x LTM EBITDA.
Analysts estimate Spring Airlines's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Spring Airlines and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $8.0B | XXX | XXX | XXX |
| EV/Revenue | 2.9x | XXX | XXX | XXX |
| EV/EBITDA | 11.2x | XXX | XXX | XXX |
| P/E | 20.0x | XXX | XXX | XXX |
| P/E/Growth | 0.7x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | XXX | XXX |
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Sign UpSpring Airlines's NTM/LTM revenue growth is 14%
Spring Airlines's revenue per employee for the last fiscal year averaged n/a, while opex per employee averaged n/a for the same period.
Over next 12 months, Spring Airlines's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Spring Airlines's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Spring Airlines and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 40% | XXX | XXX | XXX | XXX |
| Revenue per Employee | n/a | XXX | XXX | XXX | XXX |
| Opex per Employee | n/a | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| Opex to Revenue | -3% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| flyExclusive | XXX | XXX | XXX | XXX | XXX | XXX |
| Qantas Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| Aegean Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Asia Aviation | XXX | XXX | XXX | XXX | XXX | XXX |
| Bangkok Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Spring Airlines acquired XXX companies to date.
Last acquisition by Spring Airlines was XXXXXXXX, XXXXX XXXXX XXXXXX . Spring Airlines acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Spring Airlines founded? | Spring Airlines was founded in 2005. |
| Where is Spring Airlines headquartered? | Spring Airlines is headquartered in China. |
| Is Spring Airlines publicy listed? | Yes, Spring Airlines is a public company listed on SHG. |
| What is the stock symbol of Spring Airlines? | Spring Airlines trades under 601021 ticker. |
| When did Spring Airlines go public? | Spring Airlines went public in 2015. |
| Who are competitors of Spring Airlines? | Similar companies to Spring Airlines include e.g. flyExclusive, Qantas Airways, Aegean Airlines, Asia Aviation. |
| What is the current market cap of Spring Airlines? | Spring Airlines's current market cap is $6.7B |
| What is the current revenue of Spring Airlines? | Spring Airlines's last 12-month revenue is $2.8B. |
| What is the current EBITDA of Spring Airlines? | Spring Airlines's last 12-month EBITDA is $739M. |
| What is the current EV/Revenue multiple of Spring Airlines? | Current revenue multiple of Spring Airlines is 2.8x. |
| What is the current EV/EBITDA multiple of Spring Airlines? | Current EBITDA multiple of Spring Airlines is 10.8x. |
| What is the current revenue growth of Spring Airlines? | Spring Airlines revenue growth between 2023 and 2024 was 13%. |
| Is Spring Airlines profitable? | Yes, Spring Airlines is EBITDA-positive (as of the last 12 months). |
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