- Jet2 reported a revenue of GBP 5.09 billion for the first half of the financial year.
- The company’s pretax profit reached GBP 791.4 million.
- An interim dividend per share is set at 4.4 pence.
- Operating profit was reported at GBP 701.5 million.
- Despite economic challenges, annual overseas holidays are still a top priority for consumers.
- Jet2’s business model focuses on delivering excellent customer service with a trusted holiday brand.
- This approach provides customers with a compelling value proposition.
- Investment analysts have shown strong confidence in Jet2, with 14 buy ratings and no holds or sells.
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JET2 on Smartkarma
Analyst coverage of JET2 on Smartkarma reveals valuable insights from the Value Investors Club in their report titled “Jet2 Plc (Jet2) – Monday, Jun 17, 2024“. The analysis highlights Jet2’s strategic shift towards asset-light package holiday earnings, with a significant proportion of flight passengers opting for package holidays. Despite facing range-bound trading post-COVID-19, Jet2 has demonstrated consistent growth and effective execution of its plans. The stock has been accumulating over the past 6 months and is currently trading at a lower valuation compared to competitor BKNG. This suggests an appealing investment opportunity with a low earnings multiple and smart fleet decisions by the founder.
A look at JET2 Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to the Smartkarma Smart Scores, JET2 PLC shows a promising long-term outlook based on its overall ratings. With a strong growth score of 5 and high resilience score of 5, the company is well-positioned for future expansion and able to weather economic uncertainties. This indicates that JET2 is likely to excel in terms of both growth opportunities and stability in the foreseeable future.
Furthermore, JET2 also demonstrates solid momentum with a score of 4, suggesting positive market sentiment and potential for continued upward movement. While the dividend score is rated at 2, indicating room for improvement in rewarding shareholders, the value score at 3 suggests that the company is reasonably priced. Overall, JET2‘s scores point towards a company with solid growth prospects, resilience, and positive market momentum.
#### JET2 PLC provides passengers transportation services. The Company offers airline, cargo handling, and food services. JET2 serves customers worldwide. ####
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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