Alaska Air Group, Inc. (ALK) vs Copa Holdings, S.A. (CPA)

Alaska Air Group, Inc. and Copa Holdings, S.A. are both Airlines companies. Copa Holdings, S.A. is the larger, with a market value of $5.3B against $4.5B — 1.2× the size. Alaska Air Group, Inc. has negative trailing earnings, so its P/E is not meaningful; Copa Holdings, S.A. trades at 8.8×. Copa Holdings, S.A. grew revenue faster over the last twelve months: 14.8% against 9.79%. Copa Holdings, S.A. has the higher net margin (15.7% vs −1.19%) and the higher return on invested capital (12.4% vs −1.94%). Both pay a dividend; Copa Holdings, S.A. yields more (5.83% vs 0.37%). Across the 20 metrics below, Copa Holdings, S.A. leads on 16 and Alaska Air Group, Inc. on 4.

Valuation

Metric ALK CPA Airlines median
P/E n/m 8.79 10.32
P/S 0.31 1.37 0.57
P/B 1.24 1.90 2.06
Price to free cash flow n/m 30.89 13.20
EV/EBITDA 13.73 8.39 9.68
EV/Sales 0.55 1.62 0.89
Earnings yield (3.81%) 11.37% 2.85%
Free cash flow yield (12.05%) 3.24% 3.17%

Profitability

Metric ALK CPA Airlines median
Gross margin 100.00% 62.38% 42.57%
Operating margin (1.52%) 19.36% 4.18%
Net margin (1.19%) 15.71% 1.85%
Free cash flow margin (3.71%) 4.44% 4.31%
Return on equity (4.60%) 23.07% 10.75%
Return on assets (0.85%) 9.54% 1.67%
Return on invested capital (1.94%) 12.43% 3.19%

Growth

Metric ALK CPA Airlines median
Revenue growth (TTM) 9.79% 14.75% 9.79%
EPS growth (last fiscal year) (73.05%) 11.81% —
Revenue growth, 5-year CAGR 31.90% 35.20% 25.83%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ALK CPA Airlines median
Debt to equity 1.70 0.79 0.81
Current ratio 0.55 1.06 0.60
Net debt to EBITDA 3.10 0.54 1.42

Dividend

Metric ALK CPA Airlines median
Dividend yield 0.37% 5.83% 0.82%
Payout ratio 0.00 0.21 0.00

Size

Metric ALK CPA Airlines median
Market cap 4.50b 5.30b 3.91b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack