Spirit Aviation Holdings, Inc. (FLYYQ) intrinsic value & 10-year financials
Spirit Aviation Holdings, Inc. (FLYYQ) has a Graham intrinsic value of $103.36 per share. At $0.02 on Oct 17, 2026, the stock trades 100% below that value.
- Graham intrinsic value
- $103.36
- Share price (Oct 17, 2026)
- $0.02
- Price vs Graham value
- 100% below
- Market cap
- $2.2M
- Revenue (FY2025)
- —
- Revenue growth (10-yr CAGR)
- 9.8%
- ROIC (10-yr avg)
- -3.3%
- Free cash flow (FY2025)
- —
FLYYQ 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | — | — | — | — | — | — |
| FY2024 | $4.9B | -$1.2B | -$11.23 | — | -22.5% | -51.4% |
| FY2023 | $5.4B | -$447.5M | -$4.10 | — | -9.2% | -11.8% |
| FY2022 | $5.1B | -$554.1M | -$5.10 | — | -11.8% | -13.2% |
| FY2021 | $3.2B | -$472.6M | -$4.50 | — | -1.8% | -1.4% |
| FY2020 | $1.8B | -$428.7M | -$5.06 | — | -28.1% | -10.4% |
| FY2019 | $3.8B | $335.3M | $4.89 | $216.8M | 13.1% | 12.4% |
| FY2018 | $3.3B | $155.7M | $2.28 | -$100.5M | 10.6% | 10.0% |
| FY2017 | $2.6B | $420.6M | $6.06 | -$203.6M | 14.7% | 19.3% |
| FY2016 | $2.3B | $264.9M | $3.76 | -$67.4M | 19.1% | 16.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Spirit Aviation Holdings, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Spirit Aviation Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just -3.3% ROIC.
Over the decade, Spirit Aviation Holdings, Inc. shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Spirit Aviation Holdings, Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $103.36 per share.