Intrinsic value of Hawaiian Holdings - HA

Previous Close

$53.25

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$53.25

 
Intrinsic value

$153.87

 
Up/down potential

+189%

 
Rating

str. buy

 
Value-price divergence* premium content

Premium access subscription - $499/yr

please register and log in before paying

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of HA stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  5.78
  10.30
  9.77
  9.29
  8.86
  8.48
  8.13
  7.82
  7.53
  7.28
  7.05
  6.85
  6.66
  6.50
  6.35
  6.21
  6.09
  5.98
  5.88
  5.80
  5.72
  5.64
  5.58
  5.52
  5.47
  5.42
  5.38
  5.34
  5.31
  5.28
  5.25
Revenue, $m
  2,451
  2,703
  2,968
  3,243
  3,531
  3,830
  4,142
  4,465
  4,802
  5,151
  5,515
  5,892
  6,285
  6,693
  7,118
  7,560
  8,021
  8,501
  9,001
  9,522
  10,067
  10,635
  11,228
  11,848
  12,497
  13,174
  13,883
  14,625
  15,401
  16,214
  17,065
Variable operating expenses, $m
 
  2,218
  2,434
  2,659
  2,894
  3,139
  3,393
  3,657
  3,932
  4,217
  4,514
  4,812
  5,133
  5,466
  5,813
  6,174
  6,550
  6,942
  7,350
  7,776
  8,221
  8,685
  9,170
  9,676
  10,205
  10,758
  11,337
  11,943
  12,577
  13,241
  13,936
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  2,066
  2,218
  2,434
  2,659
  2,894
  3,139
  3,393
  3,657
  3,932
  4,217
  4,514
  4,812
  5,133
  5,466
  5,813
  6,174
  6,550
  6,942
  7,350
  7,776
  8,221
  8,685
  9,170
  9,676
  10,205
  10,758
  11,337
  11,943
  12,577
  13,241
  13,936
Operating income, $m
  385
  485
  533
  584
  637
  692
  749
  808
  870
  934
  1,001
  1,080
  1,152
  1,227
  1,305
  1,386
  1,471
  1,559
  1,650
  1,746
  1,846
  1,950
  2,059
  2,173
  2,291
  2,416
  2,546
  2,682
  2,824
  2,973
  3,129
EBITDA, $m
  494
  608
  668
  730
  794
  862
  932
  1,004
  1,080
  1,159
  1,240
  1,325
  1,414
  1,506
  1,601
  1,701
  1,804
  1,912
  2,025
  2,142
  2,264
  2,392
  2,526
  2,665
  2,811
  2,963
  3,123
  3,290
  3,464
  3,647
  3,839
Interest expense (income), $m
  30
  23
  28
  37
  47
  57
  68
  79
  91
  102
  115
  128
  141
  155
  170
  185
  200
  217
  234
  251
  270
  289
  309
  330
  352
  375
  399
  424
  451
  478
  507
Earnings before tax, $m
  379
  462
  505
  547
  589
  634
  681
  729
  779
  831
  886
  953
  1,011
  1,072
  1,136
  1,202
  1,270
  1,342
  1,417
  1,495
  1,576
  1,661
  1,750
  1,842
  1,939
  2,040
  2,146
  2,257
  2,373
  2,495
  2,622
Tax expense, $m
  144
  125
  136
  148
  159
  171
  184
  197
  210
  224
  239
  257
  273
  290
  307
  324
  343
  362
  383
  404
  426
  448
  472
  497
  524
  551
  580
  609
  641
  674
  708
Net income, $m
  235
  337
  369
  399
  430
  463
  497
  532
  569
  607
  647
  695
  738
  783
  829
  877
  927
  980
  1,034
  1,091
  1,151
  1,213
  1,277
  1,345
  1,416
  1,490
  1,567
  1,648
  1,733
  1,821
  1,914

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  610
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,709
  2,315
  2,541
  2,777
  3,023
  3,279
  3,546
  3,823
  4,111
  4,410
  4,721
  5,045
  5,381
  5,731
  6,094
  6,473
  6,867
  7,278
  7,706
  8,153
  8,619
  9,105
  9,613
  10,144
  10,699
  11,279
  11,886
  12,521
  13,186
  13,882
  14,610
Adjusted assets (=assets-cash), $m
  2,099
  2,315
  2,541
  2,777
  3,023
  3,279
  3,546
  3,823
  4,111
  4,410
  4,721
  5,045
  5,381
  5,731
  6,094
  6,473
  6,867
  7,278
  7,706
  8,153
  8,619
  9,105
  9,613
  10,144
  10,699
  11,279
  11,886
  12,521
  13,186
  13,882
  14,610
Revenue / Adjusted assets
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
  1.168
Average production assets, $m
  1,621
  1,787
  1,962
  2,144
  2,334
  2,532
  2,738
  2,952
  3,174
  3,405
  3,645
  3,895
  4,154
  4,424
  4,705
  4,997
  5,302
  5,619
  5,950
  6,294
  6,654
  7,030
  7,422
  7,832
  8,260
  8,708
  9,177
  9,667
  10,180
  10,717
  11,280
Working capital, $m
  -32
  -643
  -706
  -772
  -840
  -912
  -986
  -1,063
  -1,143
  -1,226
  -1,312
  -1,402
  -1,496
  -1,593
  -1,694
  -1,799
  -1,909
  -2,023
  -2,142
  -2,266
  -2,396
  -2,531
  -2,672
  -2,820
  -2,974
  -3,135
  -3,304
  -3,481
  -3,665
  -3,859
  -4,061
Total debt, $m
  557
  611
  815
  1,027
  1,249
  1,479
  1,719
  1,969
  2,228
  2,497
  2,777
  3,068
  3,371
  3,686
  4,013
  4,354
  4,708
  5,078
  5,464
  5,866
  6,285
  6,723
  7,180
  7,658
  8,157
  8,679
  9,226
  9,797
  10,395
  11,021
  11,677
Total liabilities, $m
  2,028
  2,083
  2,287
  2,499
  2,721
  2,951
  3,191
  3,441
  3,700
  3,969
  4,249
  4,540
  4,843
  5,158
  5,485
  5,826
  6,180
  6,550
  6,936
  7,338
  7,757
  8,195
  8,652
  9,130
  9,629
  10,151
  10,698
  11,269
  11,867
  12,493
  13,149
Total equity, $m
  680
  231
  254
  278
  302
  328
  355
  382
  411
  441
  472
  504
  538
  573
  609
  647
  687
  728
  771
  815
  862
  911
  961
  1,014
  1,070
  1,128
  1,189
  1,252
  1,319
  1,388
  1,461
Total liabilities and equity, $m
  2,708
  2,314
  2,541
  2,777
  3,023
  3,279
  3,546
  3,823
  4,111
  4,410
  4,721
  5,044
  5,381
  5,731
  6,094
  6,473
  6,867
  7,278
  7,707
  8,153
  8,619
  9,106
  9,613
  10,144
  10,699
  11,279
  11,887
  12,521
  13,186
  13,881
  14,610
Debt-to-equity ratio
  0.819
  2.640
  3.210
  3.700
  4.130
  4.510
  4.850
  5.150
  5.420
  5.660
  5.880
  6.080
  6.260
  6.430
  6.580
  6.730
  6.860
  6.980
  7.090
  7.190
  7.290
  7.380
  7.470
  7.550
  7.620
  7.690
  7.760
  7.820
  7.880
  7.940
  7.990
Adjusted equity ratio
  0.033
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  235
  337
  369
  399
  430
  463
  497
  532
  569
  607
  647
  695
  738
  783
  829
  877
  927
  980
  1,034
  1,091
  1,151
  1,213
  1,277
  1,345
  1,416
  1,490
  1,567
  1,648
  1,733
  1,821
  1,914
Depreciation, amort., depletion, $m
  109
  123
  134
  146
  157
  170
  183
  196
  210
  225
  240
  245
  261
  278
  296
  314
  333
  353
  374
  396
  418
  442
  467
  493
  520
  548
  577
  608
  640
  674
  709
Funds from operations, $m
  414
  460
  503
  545
  588
  633
  680
  728
  779
  832
  886
  940
  1,000
  1,061
  1,125
  1,192
  1,261
  1,333
  1,408
  1,487
  1,569
  1,655
  1,744
  1,837
  1,935
  2,037
  2,144
  2,256
  2,373
  2,495
  2,624
Change in working capital, $m
  -3
  -60
  -63
  -66
  -68
  -71
  -74
  -77
  -80
  -83
  -86
  -90
  -93
  -97
  -101
  -105
  -110
  -114
  -119
  -124
  -130
  -135
  -141
  -148
  -154
  -161
  -169
  -177
  -185
  -193
  -203
Cash from operations, $m
  417
  571
  566
  610
  656
  704
  754
  806
  859
  915
  973
  1,030
  1,093
  1,158
  1,226
  1,297
  1,371
  1,447
  1,528
  1,611
  1,699
  1,790
  1,885
  1,985
  2,089
  2,198
  2,313
  2,432
  2,558
  2,689
  2,826
Maintenance CAPEX, $m
  0
  -102
  -112
  -123
  -135
  -147
  -159
  -172
  -186
  -200
  -214
  -229
  -245
  -261
  -278
  -296
  -314
  -333
  -353
  -374
  -396
  -418
  -442
  -467
  -493
  -520
  -548
  -577
  -608
  -640
  -674
New CAPEX, $m
  -179
  -166
  -175
  -182
  -190
  -198
  -206
  -214
  -222
  -231
  -240
  -250
  -260
  -270
  -281
  -292
  -304
  -317
  -331
  -345
  -360
  -376
  -392
  -410
  -428
  -448
  -469
  -490
  -513
  -537
  -563
Cash from investing activities, $m
  -154
  -268
  -287
  -305
  -325
  -345
  -365
  -386
  -408
  -431
  -454
  -479
  -505
  -531
  -559
  -588
  -618
  -650
  -684
  -719
  -756
  -794
  -834
  -877
  -921
  -968
  -1,017
  -1,067
  -1,121
  -1,177
  -1,237
Free cash flow, $m
  263
  303
  279
  304
  331
  359
  389
  419
  451
  484
  519
  551
  588
  627
  667
  709
  752
  797
  844
  892
  943
  996
  1,051
  1,108
  1,168
  1,231
  1,297
  1,365
  1,436
  1,511
  1,590
Issuance/(repayment) of debt, $m
  -215
  113
  204
  212
  222
  231
  240
  249
  259
  269
  280
  291
  303
  315
  327
  341
  355
  370
  385
  402
  419
  438
  457
  478
  499
  522
  546
  572
  598
  626
  656
Issuance/(repurchase) of shares, $m
  -14
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -219
  113
  204
  212
  222
  231
  240
  249
  259
  269
  280
  291
  303
  315
  327
  341
  355
  370
  385
  402
  419
  438
  457
  478
  499
  522
  546
  572
  598
  626
  656
Total cash flow (excl. dividends), $m
  44
  416
  482
  517
  553
  590
  629
  669
  710
  754
  799
  842
  891
  942
  994
  1,049
  1,107
  1,166
  1,229
  1,294
  1,362
  1,434
  1,508
  1,586
  1,668
  1,753
  1,843
  1,936
  2,035
  2,138
  2,245
Retained Cash Flow (-), $m
  -234
  -102
  -23
  -24
  -25
  -26
  -27
  -28
  -29
  -30
  -31
  -32
  -34
  -35
  -36
  -38
  -39
  -41
  -43
  -45
  -47
  -49
  -51
  -53
  -55
  -58
  -61
  -64
  -66
  -70
  -73
Prev. year cash balance distribution, $m
 
  551
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  864
  460
  493
  528
  564
  602
  641
  682
  724
  767
  810
  857
  907
  958
  1,011
  1,067
  1,125
  1,186
  1,250
  1,316
  1,385
  1,457
  1,533
  1,612
  1,695
  1,782
  1,873
  1,968
  2,068
  2,172
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  829
  421
  429
  435
  438
  437
  433
  426
  416
  402
  385
  366
  345
  322
  297
  271
  245
  218
  192
  167
  143
  121
  100
  82
  66
  52
  40
  30
  23
  16
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

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 Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; and Seattle, Washington. 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 New York City, New York; Pago Pago, American Samoa; Papeete, Tahiti; Brisbane, Australia; Auckland, New Zealand; Sapporo, Japan; Seoul, South Korea; and Beijing, China, as well as various ad hoc charters. It markets and 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, 2016, the company’s fleet consisted of 20 Boeing 717-200 aircraft for the Neighbor Island routes; 8 Boeing 767-300 aircraft; and 23 Airbus A330-200 aircraft for the North America, International, and charter routes, as well as owns 3 ATR42 aircraft. Hawaiian Holdings, Inc. was founded in 1929 and is headquartered in Honolulu, the State of Hawai'i.

FINANCIAL RATIOS  of  Hawaiian Holdings (HA)

Valuation Ratios
P/E Ratio 12.1
Price to Sales 1.2
Price to Book 4.2
Price to Tangible Book
Price to Cash Flow 6.8
Price to Free Cash Flow 12
Growth Rates
Sales Growth Rate 5.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 50.4%
Cap. Spend. - 3 Yr. Gr. Rate -12.1%
Financial Strength
Quick Ratio 10
Current Ratio 0
LT Debt to Equity 73.2%
Total Debt to Equity 81.9%
Interest Coverage 14
Management Effectiveness
Return On Assets 9.8%
Ret/ On Assets - 3 Yr. Avg. 7.3%
Return On Total Capital 19.3%
Ret/ On T. Cap. - 3 Yr. Avg. 12.9%
Return On Equity 41.7%
Return On Equity - 3 Yr. Avg. 34.9%
Asset Turnover 0.9
Profitability Ratios
Gross Margin 39.7%
Gross Margin - 3 Yr. Avg. 36.2%
EBITDA Margin 21.1%
EBITDA Margin - 3 Yr. Avg. 17.1%
Operating Margin 15.7%
Oper. Margin - 3 Yr. Avg. 14.7%
Pre-Tax Margin 15.5%
Pre-Tax Margin - 3 Yr. Avg. 11%
Net Profit Margin 9.6%
Net Profit Margin - 3 Yr. Avg. 6.8%
Effective Tax Rate 38%
Eff/ Tax Rate - 3 Yr. Avg. 38.4%
Payout Ratio 0%

HA stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the HA stock intrinsic value calculation we used $2451 million for the last fiscal year's total revenue generated by Hawaiian Holdings. The default revenue input number comes from 2016 income statement of Hawaiian Holdings. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our HA stock valuation model: a) initial revenue growth rate of 10.3% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for HA is calculated based on our internal credit rating of Hawaiian Holdings, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Hawaiian Holdings.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of HA stock the variable cost ratio is equal to 82.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for HA stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 4.6% for Hawaiian Holdings.

Corporate tax rate of 27% is the nominal tax rate for Hawaiian Holdings. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the HA stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for HA are equal to 66.1%.

Life of production assets of 15.9 years is the average useful life of capital assets used in Hawaiian Holdings operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for HA is equal to -23.8%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $680 million for Hawaiian Holdings - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 53.175 million for Hawaiian Holdings is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Hawaiian Holdings at the current share price and the inputted number of shares is $2.8 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
AAL American Airli 45.15 74.73  str.buy
DAL Delta Air Line 45.53 130.12  str.buy
UAL United Contine 69.56 191.07  str.buy
ALK Alaska Air Gro 89.11 236.55  str.buy
JBLU JetBlue Airway 21.53 42.92  str.buy
LUV Southwest Airl 55.63 74.74  buy

COMPANY NEWS

▶ Mattel and Schlumberger slide while Honeywell jumps   [Apr-21-17 04:39PM  Associated Press]
▶ Visa, Hawaiian Holdings, Proofpoint, E-Trade Beat Views Late   [Apr-20-17 04:41PM  Investor's Business Daily]
▶ Hawaiian Holdings beats Street 1Q forecasts   [04:16PM  Associated Press]
▶ Millennials boost American Airlines over Delta for brand of the year   [03:08PM  American City Business Journals]
▶ 3 Cheap Stocks You Can Buy Today   [10:13AM  Motley Fool]
▶ Your first trade for Monday, April 17   [Apr-17-17 09:20AM  CNBC]
▶ Final Trade: HA, SBUX & more   [05:58PM  CNBC Videos]
▶ United's pain, rivals' gain?   [05:22PM  CNBC Videos]
▶ Story Stocks from Briefing.com   [Apr-10-17 11:48AM  Briefing.com]
▶ Hawaiian Airlines signs on as official partner of APP World Tour   [Mar-28-17 08:09PM  at bizjournals.com]
▶ Hawaiian Airlines signs on as official partner of APP World Tour   [08:09PM  American City Business Journals]
▶ Hawaiian Airlines agrees on new 63-month contract with pilots   [Mar-24-17 06:30PM  at bizjournals.com]
▶ Hawaiian Airlines agrees on new 63-month contract with pilots   [06:30PM  American City Business Journals]
▶ Hawaiian Airlines Pilots Ratify Contract   [04:25PM  PR Newswire]
▶ Hawaiian Airlines, HTA back airport authority bill   [Mar-17-17 08:34PM  at bizjournals.com]
▶ Phoenix Airport Upgrades Data Analytics to First Class   [Mar-14-17 04:43PM  at The Wall Street Journal]
▶ Favorable Trends Create A Buying Opportunity For Airlines   [Feb-21-17 04:08PM  at Barrons.com]
▶ Hawaiian Airlines Pilots to Vote on Tentative Agreement   [Feb-11-17 01:13AM  PR Newswire]
▶ Why Hawaiian Holdings, Inc. Stock Fell 10.6% in January   [Feb-07-17 06:48PM  at Motley Fool]
Stock chart of HA Financial statements of HA
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.