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  • 4/21/14 10:55 AMGenerated

    Equity ReportJet Airways Ltd

    Macroaxis Reporting

    To customize contents of this report or to enable 'White Label' capabilities please send your requests to [email protected]

    2014 Macroaxis Inc. All rights reservedhttp://www.macroaxis.com

  • Summary

    Jet Airways Ltd [JETAIRWAY] is traded on National Stock Exchange of India in India. It is locatedin Mumbai, and employs 13,163 people. The company currently falls under 'Large-Cap' category withcurrent market capitalization of 25.36 B. Jet Airways Ltd operates under Services sector and ispart of Major Airlines industry. This company has 86.33 M outstanding shares.

    Key IndicatorsCurrent Valuation 137.46 BShares Outstanding 86.33 MRevenue 188.41 B

    Gross Profit 33.56 BEBITDA 9.3 B

    Cash and Equivalents 9.58 BTotal Debt 123.03 BOne Year Low 210.75

    Performance

    28-Mar 4-Apr 11-Apr 18-Apr220230240250260270280290300

    Volatility

    Value Score

    4.35 55 out of 100

    Return

    Value Score

    1.24 39 out of 100

    Efficiency

    Value Score

    0.29 15 out of 100

    1 Month Beta Analysis......... [ 1.45 ]

    As market goes up, the company isexpected to significantly outperformit. However, if the market returns arenegative, Jet Airways will likelyunderperform.

    Investor Sentiment............. [ 3% ]Based on Macroaxis popularity rating,Jet Airways Ltd has a score of 3 on ascale of 0 to 100. This indicates thatthis stock is not as attractive toinvest in as 97% of all other stocksin India

    1 Month Risk and Return Landscape

    0 1 2 3 4Expected Volatility (Risk)

    -1 .00

    -0 .75

    -0 .50

    -0 .25

    0.00

    0.25

    0.50

    0.75

    1.00

    1.25

    Expe

    cted

    Ret

    urn

    Cash

    Macroaxis Reporting

    Macroaxis does not give investment advice, tax advice, legal advice, or other professional advice.The information is provided to you at your own risk. Macroaxis is notresponsible for any investment decisions related to the information or its usage. It is intended to be used as supplemental report and must be accompanied by a prospectusand disclosure statement. Please contact Macroaxis to add your own disclaimer or sign up for premium version to remove it

    2014 Macroaxis Inc. All rights reservedhttp://www.macroaxis.com Page 2

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  • Management

    Ca Ali Chief Operating officerLt Varma Executive VP

    Gaurang Shetty Sr. VP of Commercial, Manager, Whole-Time Director and Memberof Investors Grievance and Share Transfer Committee

    Ravi Shankar CFOM Goyal Executive VP of Revenue Management and Network Plannning and

    Advisor to The CEO

    Krishnan Sr. General Manager of Fin.

    Captain Ali COODato Jeyakanthan Sr. VP of Aircraft Projects and Product (Technical)K Vishwanath VP of Commercial Strategy and Investor Relations

    Ravishankar Gopalakrishnan CFOSitham Nadarajah Executive VP of TechnicalNikos Kardassis Chief Executive officerGary Toomey CEO

    Macroaxis Reporting

    Macroaxis does not give investment advice, tax advice, legal advice, or other professional advice.The information is provided to you at your own risk. Macroaxis is notresponsible for any investment decisions related to the information or its usage. It is intended to be used as supplemental report and must be accompanied by a prospectusand disclosure statement. Please contact Macroaxis to add your own disclaimer or sign up for premium version to remove it

    2014 Macroaxis Inc. All rights reservedhttp://www.macroaxis.com Page 3

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  • Lequidity

    Capitalization

    Profitablity

    Profile

    Management Efficency

    The company has accumulated 123.03 B in total debt with debt to equity ratio (D/E) of 2.89implying the company greatly relies on financing operations through barroing. Jet Airways Ltd hasCurrent Ratio of 0.35 indicating that it has a negative working capital and may not be able to payfinancial obligations in time and when they become due.

    This company currently falls under 'Large-Cap' category with current market capitalization of25.36 B.

    The company has Profit Margin (PM) of (4.14) % which may suggest that it does not properlyexecutes on its current pricing strategies or is unable to controls all of the operational costs.This is way below average. Similarly, it shows Operating Margin (OM) of 0.08 % which suggests forevery 100 dollars of sales it generated a net operating income of 0.0.

    The company has price-to-book ratio of 1.11. Some equities with similar Price to Book (P/B)outperform the market in the long run. Jet Airways Ltd had not issued any dividends in recentyears. Jet Airways Limited offer passenger and cargo air transportation services. To learn moreabout JET AIRWAYS (INDI call M Goyal at 91 22 6121 1000 or check out http://www.jetairways.com.

    The firm has return on total asset (ROA) of 0.05 % which means that it generated profit of $0.05on every $100 spent on asset. This is way below average. Similarly, it shows return on equity(ROE) of (164.43) % meaning that it generated substantial loss on money invested by shareholders.

    Macroaxis Reporting

    Macroaxis does not give investment advice, tax advice, legal advice, or other professional advice.The information is provided to you at your own risk. Macroaxis is notresponsible for any investment decisions related to the information or its usage. It is intended to be used as supplemental report and must be accompanied by a prospectusand disclosure statement. Please contact Macroaxis to add your own disclaimer or sign up for premium version to remove it

    2014 Macroaxis Inc. All rights reservedhttp://www.macroaxis.com Page 4

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  • Technical Drivers

    Valuation

    Volatility

    Performance

    Fundamentals

    Jet Airways Ltd retains Downside Deviation of 3.41, Market Risk Adjusted Performance of 0.8609 andRisk Adjusted Performance of 0.227. Jet Airways technical analysis makes it possible for you toemploy historical prices and volume momentum with intention to determine a pattern that calculatesthe direction of the corporation future prices. In other words you can use this information tofind out if the corporation will indeed mirror its model of historical price patterns or theprices will eventually revert. We found nineteen technical drivers for Jet Airways which can becompared to its competitors. Please check out Jet Airways Information Ratio, Value At Risk aswell as the relationship between Value At Risk and Expected Short fall to decide if Jet Airwaysis priced fairly providing market reflects its last-minute price of 280.15 per share.

    Jet Airways retains regular Real Value of 298.76 per share. The prevalent price of thecorporation is 280.15. At this time the corporation appears to be under valued. Macroaxiscalculates value of Jet Airways from evaluating the corporation fundamentals such as CurrentValuation of 137.46B, Return On Asset of 0.05% and Return On Equity of (164.43)% as well asinspecting its technical indicators and Probability Of Bankruptcy. In general, we encourage toacquire undervalued assets and to sell overvalued assets since at some point stocks prices andtheir ongoing real values will come together.

    Jet Airways is relatively not risky given 1 month investment horizon. Jet Airways holds Efficiency(Sharpe) Ratio of 0.29 which attests that Jet Airways had 0.29% of return per unit of risk overthe last 1 month. Our philosophy towards determining risk of a stock is to use both market dataas well as company specific technical data. We found twenty-one different technical indicatorswhich can help you to evaluate if expected returns of 1.24% are justified by taking the suggestedrisk. Use Jet Airways Ltd Downside Deviation of 3.41, Market Risk Adjusted Performance of 0.8609and Risk Adjusted Performance of 0.227 to evaluate company specific risk that cannot bediversified away.

    Jet Airways holds performance score of 15 on a scale of zero to a hundred. The entity retainsMarket Volatility (i.e. Beta) of 1.45 which attests that as market goes up, the company isexpected to significantly outperform it. However, if the market returns are negative, Jet Airwayswill likely underperform.. Although it is vital to follow to Jet Airways current price history, itis good to be conservative about what you can actually do with the information about equitycurrent price movements. Macroaxis philosophy towards determining future performance of any stockis to look not only at its past charts but also at the business as a whole, including allfundamental and technical indicators. To evaluate if Jet Airways expected return of 1.24 will besustainable into the future, we have found twenty-one different technical indicators which canhelp you to check if the expected returns are sustainable. Use Jet Airways Ltd Information Ratio,Value At Risk as well as the relationship between Value At Risk and Expected Short fall toanalyze future returns on Jet Airways Ltd.

    We strongly advise you to harness Jet Airways fundamental analysis to see if markets are presentlymispricing the organization. In other words you can makes use of it to find out if Jet Airways isindeed mispriced or if you can make any profits on it by purchasing it and then waiting for themarket to recognize its mistake and reprise the security. . We found twenty-three availablereported financial drivers for Jet Airways which can be compared to its competitors. To make surethe equity is not overpriced, please check out all Jet Airways fundamentals including its Cash andEquivalents as well as the relationship between Current Ratio and Number of Employees .

    Macroaxis Reporting

    Macroaxis does not give investment advice, tax advice, legal advice, or other professional advice.The information is provided to you at your own risk. Macroaxis is notresponsible for any investment decisions related to the information or its usage. It is intended to be used as supplemental report and must be accompanied by a prospectusand disclosure statement. Please contact Macroaxis to add your own disclaimer or sign up for premium version to remove it

    2014 Macroaxis Inc. All rights reservedhttp://www.macroaxis.com Page 5

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  • Fundamental Summary

    Return On Equity (164.43) %Return On Asset 0.05 %Profit Margin (4.14) %Operating Margin 0.08 %Current Valuation 137.46 BShares Outstanding 86.33 MPrice to Book 1.11 times

    Price to Sales 0.13 timesRevenue 188.41 B

    Gross Profit 33.56 BEBITDA 9.3 B

    Net Income (7.8 B)Cash and Equivalents 9.58 BCash per Share 111.01 timesTotal Debt 123.03 BDebt to Equity 2.89 timesCurrent Ratio 0.36 timesBook Value Per Share (211.70) timesCash Flow from Operations 18.8 BOne Year Low 210.75Number of Employees 13.16 KMarket Capitalization 25.36 BProbability Of Bankruptcy 51.00 %

    Macroaxis Reporting

    Macroaxis does not give investment advice, tax advice, legal advice, or other professional advice.The information is provided to you at your own risk. Macroaxis is notresponsible for any investment decisions related to the information or its usage. It is intended to be used as supplemental report and must be accompanied by a prospectusand disclosure statement. Please contact Macroaxis to add your own disclaimer or sign up for premium version to remove it

    2014 Macroaxis Inc. All rights reservedhttp://www.macroaxis.com Page 6

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  • Technical Analysis

    Risk Adjusted Performance 0.227Market Risk Adjusted Performance 0.8609Mean Deviation 3.07

    Semi Deviation 1.99Downside Deviation 3.41Coefficient Of Variation 349.42Standard Deviation 4.35Variance 18.89

    Information Ratio 0.2657Jensen Alpha 1.12Total Risk Alpha 0.7855Sortino Ratio 0.3385Treynor Ratio 0.8509Maximum Drawdown 20.0Value At Risk (5.96)Potential Upside 14.04Downside Variance 11.64Semi Variance 3.97Expected Short fall (3.89)Skewness 1.36Kurtosis 3.32

    Macroaxis Reporting

    Macroaxis does not give investment advice, tax advice, legal advice, or other professional advice.The information is provided to you at your own risk. Macroaxis is notresponsible for any investment decisions related to the information or its usage. It is intended to be used as supplemental report and must be accompanied by a prospectusand disclosure statement. Please contact Macroaxis to add your own disclaimer or sign up for premium version to remove it

    2014 Macroaxis Inc. All rights reservedhttp://www.macroaxis.com Page 7

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  • JETAIRWAY.NS

    Major Airlines

    Services

    All Equities

    Return On EquityReturn on Equity or ROE tells companystockholders how effectually theirmoney is being utilized orreinvested. It is a useful ratio whenanalyzing company profitability orthe management effectiveness giventhe capital invested by theshareholders. ROE shows howeffecently a company utilizesinvestments to generate income.

    .

    (164.43%)

    For most industries Return on Equity between 10% and 30% are considered desirable to providedividends to owners and have funds for future growth of the company. Investors should be verycareful using ROE as the only efficiency indicator because ROE can be high if a company is heavilyleveraged. Based on latest financial disclosure Jet Airways Ltd has Return On Equity of -164.43%. This is 2008.08% higher than that of Services sector, and 3539.96% lower than that ofReturn On Equity industry, The Return On Equity for all stocks is 2013.5% higher than the company.

    Return On AssetReturn on Asset or ROA shows howeffective is the management ofthe company in generating incomefrom utilizing all of the assetsat their disposal. It is auseful ratio to evaluate theperformance of differentdepartments of a company as wellas to understand managementperformance over time.

    .

    0.05%Major Airlines

    JETAIRWAY.NS

    Return on Asset measures overall efficiency of a company in generating profits from its totalassets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROAtypically means that a company is asset-intensive and therefore will needs more money to continuegenerating revenue in the future. Based on latest financial disclosure Jet Airways Ltd hasReturn On Asset of 0.05%. This is 100.75% lower than that of Services sector, and 97.42% lowerthan that of Return On Asset industry, The Return On Asset for all stocks is 100.52% lower thanJet Airways.

    Macroaxis Reporting

    Macroaxis does not give investment advice, tax advice, legal advice, or other professional advice.The information is provided to you at your own risk. Macroaxis is notresponsible for any investment decisions related to the information or its usage. It is intended to be used as supplemental report and must be accompanied by a prospectusand disclosure statement. Please contact Macroaxis to add your own disclaimer or sign up for premium version to remove it

    2014 Macroaxis Inc. All rights reservedhttp://www.macroaxis.com Page 8

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    axis

  • JETAIRWAY.NS Major Airlines Services All Equities

    Profit MarginProfit Margin measures overallefficiency of a company and shows itsability to withstand competition aswell as defend against adverseconditions such as rising costs,falling prices, decline in sales ormanagement distress. Profit margintells investors how well the companyexecutes on its overall pricingstrategies as well as how effectivethe company in controlling its costs.

    .

    (4.14%)In a nutshell, Profit Margin indicator shows the amount of money the company makes from totalsales or revenue. It can provide a good insight into companies in the same sector, as well as helpto identify trends of a company from year to year. Based on latest financial disclosure JetAirways Ltd has Profit Margin of -4.14%. This is 2.99% higher than that of Services sector, and370.59% lower than that of Profit Margin industry, The Profit Margin for all stocks is 174.17%higher than the company.

    Operating MarginOperating Margin shows howmuch operating income acompany makes on eachdollar of sales. It is oneof the profitabilityindicators which helpsanalysts to understandwhether the firm issuccessful or not makingmoney from everydayoperations.

    .

    0.08%

    JETAIRWAY.NS Major Airlines Services All Equities

    A good Operating Margin is required for a company to be able to pay for its fixed costs or pay outits debt which implies that the higher the margin, the better. This ratio is most effective inevaluating the earning potential of a company over time when comparing it against firm'scompetitors. Based on recorded statements Jet Airways Ltd has Operating Margin of 0.08%. This is100.72% lower than that of Services sector, and 97.7% lower than that of Operating Marginindustry, The Operating Margin for all stocks is 100.98% lower than Jet Airways.

    Macroaxis Reporting

    Macroaxis does not give investment advice, tax advice, legal advice, or other professional advice.The information is provided to you at your own risk. Macroaxis is notresponsible for any investment decisions related to the information or its usage. It is intended to be used as supplemental report and must be accompanied by a prospectusand disclosure statement. Please contact Macroaxis to add your own disclaimer or sign up for premium version to remove it

    2014 Macroaxis Inc. All rights reservedhttp://www.macroaxis.com Page 9

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  • All Equities

    Services

    JETAIRWAY.NS

    Major Airlines

    Current ValuationEnterprise Value is a firm valuation proxythat approximates current market value ofa company. It is typically used todetermine takeover or merger price of afirm. Unlike Market Cap, this measuretakes into account the entire liquidasset, outstanding debt, and exotic equityinstruments that company has on itsbalance sheet. When takeover occurs, theparent company will have to assume thetarget company's liabilities but will takepossession of all cash and cashequivalents.

    .

    137.46 B

    Enterprise Value can be a useful tool to compare companies with different capital structures. Longterm liability and current cash or cash equivalents can have a huge impact on market valuation ofa given company. In accordance with recently published financial statements Jet Airways Ltd hasCurrent Valuation of 137.46 B. This is 115.56% higher than that of Services sector, and 94.32%lower than that of Current Valuation industry, The Current Valuation for all stocks is 39.03%higher than the company.

    Shares OutstandingOutstanding Shares are shares of commonstock of a public company that werepurchased by investors after they wereauthorized and issued by the company tothe public. Outstanding Shares aretypically reported on fully diluted baseswhich include exotic instruments such asoptions, or convertibles bonds.

    .

    86.33 M

    All Equities

    Services

    JETAIRWAY.NS

    Major Airlines

    Outstanding shares that are stated on company Balance Sheet are used when calculating manyimportant valuation and performance indicators including Return on Equity, Market Cap, EPS andmany others. Based on latest financial disclosure Jet Airways Ltd has 86.33 M of sharescurrently outstending. This is 78.16% lower than that of Services sector, and 94.52% lower thanthat of Shares Outstanding industry, The Shares Outstanding for all stocks is 77.29% higher thanJet Airways Ltd.

    Macroaxis Reporting

    Macroaxis does not give investment advice, tax advice, legal advice, or other professional advice.The information is provided to you at your own risk. Macroaxis is notresponsible for any investment decisions related to the information or its usage. It is intended to be used as supplemental report and must be accompanied by a prospectusand disclosure statement. Please contact Macroaxis to add your own disclaimer or sign up for premium version to remove it

    2014 Macroaxis Inc. All rights reservedhttp://www.macroaxis.com Page 10

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    axis

  • JETAIRWAY.NS Major Airlines Services All Equities

    Price to BookPrice to Book (P/B) ratiois used to relate a companybook value to its currentmarket price. A high P/Bratio indicates thatinvestors expect executivesto generate more returns ontheir investments from agiven set of assets. Bookvalue is accounting valueof assets minusliabilities.

    .

    1.11 times

    Price to Book ratio is mostly used in financial services industries where assets and liabilitiesare typically represented by dollars. Although low Price to Book ratio generally implies that thefirm is undervalued, it is often a good indicator that the company may be in financial ormanagerial distress and should be investigated more carefully. Based on latest financialdisclosure the price to book indicator of Jet Airways Ltd is roughly 1.11 times. This is 91.23%lower than that of Services sector, and 92.04% lower than that of Price to Book industry, ThePrice to Book for all stocks is 84.96% higher than the firm.

    Price to SalesPrice to Sales ratio is typically used forvaluing equity relative to its own pastperformance as well as to performance ofother companies or market indexes. In mostcases, the lower the ratio the better itis for investors. However, it is advisablefor investors to exercise caution whenlooking at price-to-sales ratios acrossdifferent industries.

    .

    0.13 times

    All Equities

    JETAIRWAY.NS

    Major Airlines

    Services

    The most important factor to remember is that the price of equity takes a firm's debt intoaccount, whereas the sales does not consider financial leverage. Generally speaking, Price toSales ratio shows how much market values every dollar of the company's sales. Based on latestfinancial disclosure the price to sales indicator of Jet Airways Ltd is roughly 0.13 times. Thisis 98.7% lower than that of Services sector, and 97.65% lower than that of Price to Salesindustry, The Price to Sales for all stocks is 98.77% higher than Jet Airways.

    Macroaxis Reporting

    Macroaxis does not give investment advice, tax advice, legal advice, or other professional advice.The information is provided to you at your own risk. Macroaxis is notresponsible for any investment decisions related to the information or its usage. It is intended to be used as supplemental report and must be accompanied by a prospectusand disclosure statement. Please contact Macroaxis to add your own disclaimer or sign up for premium version to remove it

    2014 Macroaxis Inc. All rights reservedhttp://www.macroaxis.com Page 11

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  • All Equities

    Services

    Major Airlines

    JETAIRWAY.NS

    RevenueRevenue is income that a firm generatesfrom business activities such us renderingservices or selling goods to customers. Itis a crucial part of business and isimportant item when evaluating financialstatements of a company. Revenues from afirm's main business operations can bereported on the income statement as salesrevenue, net sales, or simply sales,depending on the industry in which givencompany operates.

    .

    188.41 B

    Revenue is typically recorded when cash or cash equivalents are exchanged for services or goodsand can includes product or services discounts, promotions, as well as early payments on invoicesor services rendered in advance. Based on latest financial disclosure Jet Airways Ltd reported188.41 B of revenue. This is 1954.99% higher than that of Services sector, and 166.32% higher thanthat of Revenue industry, The Revenue for all stocks is 1241.86% lower than the firm.

    Gross ProfitGross Profit is the mostbasic measure of businessoperational efficiency. Itis simply the differencebetween sales revenue andthe cost associated withmaking a product orproviding a service. It iscalculated before deductingadministrative expenses,taxes, and interestpayments.

    .

    33.56 B

    JETAIRWAY.NS Major Airlines Services All Equities

    Gross Profit varies significantly from one sector to another and tells investor how much money abusiness would have made if it didn't have to pay any overhead expenses such as salary, taxes, orrent. According to company disclosure Jet Airways Ltd reported 33.56 B of gross profit. This is1404.8% higher than that of Services sector, and 6.18% higher than that of Gross Profit industry,The Gross Profit for all stocks is 172.31% lower than Jet Airways Ltd.

    Macroaxis Reporting

    Macroaxis does not give investment advice, tax advice, legal advice, or other professional advice.The information is provided to you at your own risk. Macroaxis is notresponsible for any investment decisions related to the information or its usage. It is intended to be used as supplemental report and must be accompanied by a prospectusand disclosure statement. Please contact Macroaxis to add your own disclaimer or sign up for premium version to remove it

    2014 Macroaxis Inc. All rights reservedhttp://www.macroaxis.com Page 12

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  • All Equities

    Services

    Major Airlines

    JETAIRWAY.NS

    EBITDAEBITDA stands for earnings beforeinterest, taxes, depreciation, andamortization. It is a measure of a companyoperating cash flow based on data from thecompany income statement and is a verygood way to compare companies withinindustries or across different sectors.However, unlike Operating Cash Flow,EBITDA does not include the effects ofchanges in working capital.

    .

    9.3 B

    In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-taxprofit, and can be used to compare companies with very different capital structures. According tocompany disclosure Jet Airways Ltd reported earnings before interest,tax, depreciation andamortization of 9.3 B. This is 1053.36% higher than that of Services sector, and 28.01% higherthan that of EBITDA industry, The EBITDA for all stocks is 480.41% lower than the company.

    Net IncomeNet income is the profit ofa company for the reportingperiod which is derivedafter taking revenues andgains and subtracting allexpenses and losses. Netincome is one of the mostwatched numbers by moneymanagers as well asindividual investors.

    .

    (7.8 B)

    JETAIRWAY.NS Major Airlines Services All Equities

    Because income is reported on the Income Statement of a company and is measured in dollars someinvestors prefer to use Profit Margin which measures income as a percentage of sales. Based onrecorded statements Jet Airways Ltd reported net loss of -7.8E9. This is 3333.93% lower than thatof Services sector, and 1233.33% lower than that of Net Income industry, The Net Income for allstocks is 1173.33% higher than Jet Airways Ltd.

    Macroaxis Reporting

    Macroaxis does not give investment advice, tax advice, legal advice, or other professional advice.The information is provided to you at your own risk. Macroaxis is notresponsible for any investment decisions related to the information or its usage. It is intended to be used as supplemental report and must be accompanied by a prospectusand disclosure statement. Please contact Macroaxis to add your own disclaimer or sign up for premium version to remove it

    2014 Macroaxis Inc. All rights reservedhttp://www.macroaxis.com Page 13

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  • JETAIRWAY.NS Major Airlines Services All Equities

    Cash and EquivalentsCash or Cash Equivalents are the mostliquid of all assets found oncompany's balance sheet. It is usedin calculating many of the firm'sliquidity ratios and is a goodindicator of overall financial healthof a company. Companies with a lot ofcash are usually attractive takeovertargets. Cash Equivalents are balancesheet items that are typicallyreported using currency printed onnotes.

    .

    9.58 B

    Cash equivalents represent current assets that are easily convertible to cash such as short termbonds, savings account, money market funds, or certificate of deposits (CDs). One of the importantconsideration companies make when classifying assets as cash equivalent is that investments theyreport on their balance sheets under current assets should have almost no risk of change in valueover the next few months (usually 3 months). In accordance with recently published financialstatements Jet Airways Ltd has 9.58 B in Cash and Equivalents. This is 1146.0% higher than thatof Services sector, and 33.52% lower than that of Cash and Equivalents industry, The Cash andEquivalents for all stocks is 132.99% lower than the company.

    Cash per ShareCash per Share is a ratio of current cashon hands or in the banks of the company tototal number of shares outstanding. It isused to determine firm's liquidity and isa good indicator of overall financialhealth of a company. Value investors oftencompare this ratio to the current stockquote, and if it exceeds the stock pricethey would invest in it.

    .

    111.01 times

    All Equities

    Services

    Major Airlines

    JETAIRWAY.NS

    Companies with high Cash per Share ratio will be considered as attractive investment by mostinvestors. In most industries if you can single out an equity instrument trading below its cashper share value, you have a bargain and should consider buying it. Finding the stocks traded belowtheir cash value, therefore, can be a good starting point for investors using strategies based onfundamentals In accordance with recently published financial statements Jet Airways Ltd has Cashper Share of 111 times. This is 2620.83% higher than that of Services sector, and 702.68% higherthan that of Cash per Share industry, The Cash per Share for all stocks is 1982.74% lower than JetAirways.

    Macroaxis Reporting

    Macroaxis does not give investment advice, tax advice, legal advice, or other professional advice.The information is provided to you at your own risk. Macroaxis is notresponsible for any investment decisions related to the information or its usage. It is intended to be used as supplemental report and must be accompanied by a prospectusand disclosure statement. Please contact Macroaxis to add your own disclaimer or sign up for premium version to remove it

    2014 Macroaxis Inc. All rights reservedhttp://www.macroaxis.com Page 14

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  • All Equities

    Services

    Major Airlines

    JETAIRWAY.NS

    Total DebtTotal Debt refers to the amount of longterm interest-bearing liabilities that acompany carries on its balance sheet. Thatmay include bonds sold to public, noteswritten to banks or capital leases.Typically, debt can help a company magnifyits earnings, but the burden of interestand principle payments will eventuallyprevent the firm from borrow excessively.

    .

    123.03 B

    In most industries, total debt may also include current portion of long-term debt. Since debtterms vary widely from one company to another, simply comparing outstanding debt obligationsbetween different companies may not be adequate. It is usually meaningful to compare total debtamounts between companies that operate within the same sector. Based on latest financialdisclosure Jet Airways Ltd has Total Debt of 123.03 B. This is 5259.66% higher than that ofServices sector, and 216.09% higher than that of Total Debt industry, The Total Debt for allstocks is 1239.81% lower than the firm.

    Debt to EquityDebt to Equity is calculated bydividing the Total Debt of a companyby its Equity. If the debt exceedsequity of a company then thecreditors have more stakes in a firmthan the stockholders. In otherwords, Debt to Equity ratio providesanalysts with insights aboutcomposition of both equity and debt,and its influence on the valuation ofthe company.

    .

    2.89 times

    JETAIRWAY.NS

    Major Airlines

    Services

    All Equities

    High Debt to Equity ratio typically indicates that a firm has been barrowing aggressive to financeits growth and as a result may experience a burden of additional interest expense. This may reduceearnings or future growth. On the other hand small D/E ratio may indicate that a company is nottaking enough advantage from financial leverage. Debt to Equity ratio measures how the company isleveraging barrowing against the capital invested by the owners. According to company disclosureJet Airways Ltd has Debt to Equity of 2.89 times. This is 285.33% higher than that of Servicessector, and 84.08% higher than that of Debt to Equity industry, The Debt to Equity for all stocksis 466.67% lower than Jet Airways Ltd.

    Macroaxis Reporting

    Macroaxis does not give investment advice, tax advice, legal advice, or other professional advice.The information is provided to you at your own risk. Macroaxis is notresponsible for any investment decisions related to the information or its usage. It is intended to be used as supplemental report and must be accompanied by a prospectusand disclosure statement. Please contact Macroaxis to add your own disclaimer or sign up for premium version to remove it

    2014 Macroaxis Inc. All rights reservedhttp://www.macroaxis.com Page 15

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  • All Equities

    JETAIRWAY.NS

    Major Airlines

    Services

    Current RatioCurrent Ratio is calculated bydividing the Current Assets of acompany by its CurrentLiabilities. It measures whetheror not a company has enough cashor liquid assets to pay itscurrent liability over the nextfiscal year. The ratio isregarded as a test of liquidityfor a company.

    .

    0.36 times

    Typically, short-term creditors will prefer a high current ratio because it reduces their overallrisk. However, investors may prefer a lower current ratio since they are more concerned aboutgrowing the business using assets of the company. Acceptable current ratios may vary from onesector to another, but generally accepted benchmark is to have current assets at least as twice ascurrent liabilities (i.e. Current Ration of 2 to 1). In accordance with recently publishedfinancial statements Jet Airways Ltd has Current Ratio of 0.36 times. This is 85.88% lower thanthat of Services sector, and 63.27% lower than that of Current Ratio industry, The Current Ratiofor all stocks is 89.19% higher than the firm.

    Book Value Per ShareBook Value per Share (B/S) is can becalculated by subtracting liabilitiesfrom assets, and then dividing it bythe total number of currentlyoutstanding shares. It indicates thelevel of safety associated with eachcommon share after removing effectsof liabilities. In other words ashareholder can use this ratio to seehow much he or she can sell the stakein the company in the event ofliquidation.

    .

    (211.7 times)JETAIRWAY.NS Major Airlines Services All Equities

    The naive approach to look at Book Value per Share is to compare it to current stock price. IfBook Value per Share is higher than the currently traded stock price, the company can beconsidered undervalued. However, investors must be aware that conventional calculation of BookValue does not include intangible assets such as good will, intellectual property, trademarks orbrands and may not be an appropriate measure for many firms. In accordance with recentlypublished financial statements the book value per share of Jet Airways Ltd is about -211.7 times.This is 1725.96% lower than that of Services sector, and 162746.15% higher than that of Book ValuePer Share industry, The Book Value Per Share for all stocks is 1438.18% higher than Jet Airways.

    Macroaxis Reporting

    Macroaxis does not give investment advice, tax advice, legal advice, or other professional advice.The information is provided to you at your own risk. Macroaxis is notresponsible for any investment decisions related to the information or its usage. It is intended to be used as supplemental report and must be accompanied by a prospectusand disclosure statement. Please contact Macroaxis to add your own disclaimer or sign up for premium version to remove it

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    axis

  • JETAIRWAY.NS Major Airlines Services All Equities

    Cash Flow from OperationsOperating Cash Flow reveals thequality of a company's reportedearnings and is calculated bydeducting company's income taxes fromearnings before interest, taxes anddepreciation (EBITDA). In otherwords, Operating Cash Flow refers tothe amount of cash a firm generatesfrom the sales or products or fromrendering services. Operating CashFlow typically excludes costsassociated with long-term investmentsor investment in marketablesecurities and is usually used byinvestor or analyst to check on thequality of a company earnings.

    .

    18.8 B

    Operating Cash Flow shows the difference between reported income and actual cash flows of thecompany. If a firm does not have enough cash or cash equivalents to cover its current liabilities,then both investors and management should be concerned about company having enough liquidresources to meet current and long term debt obligations. In accordance with recently publishedfinancial statements Jet Airways Ltd has 18.8 B in Cash Flow from Operations. This is 2894.07%higher than that of Services sector, and 125.23% higher than that of Cash Flow from Operationsindustry, The Cash Flow from Operations for all stocks is 1855.65% lower than the firm.

    One Year LowOne Year Low is the lowest price that agiven equity instrument has reached in thelast 52 weeks. In other words it is thelowest price that investors were willingto pay for the asset over the past 52weeks of trading. Year Low can be used asa naive indicator of how a given equitymay perform over longer term investmenthorizon.

    .

    210

    All Equities

    Services

    Major Airlines

    JETAIRWAY.NS

    Some investors believe that One Year Low is a good indicator of how the value of a stock iselastic during the trading year. It offers a good prospective on equity performance compared totrading within industry, sector, category or even the entire stock market. For example, if a stockis at its One Year Low with local stock market index is not at its One Year Low, that stock issaid to be under-performing the market. On the other hand if the price of a stock is reached a newOne Year Low, an investor may interpret it as a turning point and trade the instrument away or goshort. Based on recorded statements Jet Airways Ltd has One Year Low of 210. This is 575.48%higher than that of Services sector, and 613.2% higher than that of One Year Low industry, The OneYear Low for all stocks is 880.69% lower than Jet Airways Ltd.

    Macroaxis Reporting

    Macroaxis does not give investment advice, tax advice, legal advice, or other professional advice.The information is provided to you at your own risk. Macroaxis is notresponsible for any investment decisions related to the information or its usage. It is intended to be used as supplemental report and must be accompanied by a prospectusand disclosure statement. Please contact Macroaxis to add your own disclaimer or sign up for premium version to remove it

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  • Macroaxis Reporting

    Macroaxis does not give investment advice, tax advice, legal advice, or other professional advice.The information is provided to you at your own risk. Macroaxis is notresponsible for any investment decisions related to the information or its usage. It is intended to be used as supplemental report and must be accompanied by a prospectusand disclosure statement. Please contact Macroaxis to add your own disclaimer or sign up for premium version to remove it

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  • All Equities

    Services

    JETAIRWAY.NS

    Major Airlines

    Number of EmployeesNumber of Employees shows totalnumber of permanent full timeand part time employees workingfor a given company andprocessed through its payroll.

    .

    13.16 K

    Employee typically refers to an individual working under a contract of employment, whether oral orwritten, express or implied, and has recognized his or her rights and duties. Most officers ofcorporations are included as employees and contractors are generally excluded. Based on recordedstatements Jet Airways Ltd is currently employing 13.16 K people. This is 35.04% lower than thatof Services sector, and 64.49% lower than that of Number of Employees industry, The Number ofEmployees for all stocks is 61.77% lower than the company.

    Market CapitalizationMarket Capitalization is total marketvalue of a company's equity. It isone of many ways to value a companyand is calculated by multiplying theprice of the stock by the number ofshares issued. If a firm has one typeof stock its market capitalizationwill be the current market shareprice multiplied by the number ofshares. However, if a company hasmultiple types of equities then themarket cap will be the total of themarket caps of the different types ofshares.

    .

    25.36 BJETAIRWAY.NS Major Airlines Services All Equities

    In most publications or references market cap is broken down into the mega cap, large cap, midcap, small cap, micro cap, and nano cap. Market Cap is a measurement of business as total marketvalue of all of outstanding shares at a given time, and can be used to compare different companiesbased on their size. Based on recorded statements the market capitalization of Jet Airways Ltdis about 25.36 B. This is 68.45% higher than that of Services sector, and 39.71% lower than thatof Market Capitalization industry, The Market Capitalization for all stocks is 56.92% lower thanJet Airways.

    Macroaxis Reporting

    Macroaxis does not give investment advice, tax advice, legal advice, or other professional advice.The information is provided to you at your own risk. Macroaxis is notresponsible for any investment decisions related to the information or its usage. It is intended to be used as supplemental report and must be accompanied by a prospectusand disclosure statement. Please contact Macroaxis to add your own disclaimer or sign up for premium version to remove it

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  • All Equities

    Services

    JETAIRWAY.NS

    Major Airlines

    Probability Of BankruptcyFor stocks, Probability Of Bankruptcy isnormalized value of Z-Score. For funds andETFs it is derived from a multi-factormodel developed by Macroaxis.The score isused to predict probability of a firm or afund going into bankruptcy or experiencingfinancial distress within next 24 months.Unlike Z-Score, Probability Of Bankruptcyis the value between 0 and 100 indicatingthe actual probability the firm will bedistressed in the next 2 fiscal years.

    .

    51.0%

    Companies or funds with Probability Of Bankruptcy above 90% are generally considered to be highrisk with a good chance of bankruptcy in the next 2 years. On the other hand entities withProbability Of Bankruptcy of less than 15% will most likely experience some growth in the next 2years. Probability Of Bankruptcy is based on Macroaxis own algorithm and can be used by auditors,accountants, money managers, financial advisers, as well as day traders to evaluate unsystematicrisk of a stock, fund or ETF. Based on latest financial disclosure Jet Airways Ltd hasProbability Of Bankruptcy of 51%. This is 32.5% higher than that of Services sector, and 7.21%higher than that of Probability Of Bankruptcy industry, The Probability Of Bankruptcy for allstocks is 12.41% lower than the firm.

    Macroaxis Reporting

    Macroaxis does not give investment advice, tax advice, legal advice, or other professional advice.The information is provided to you at your own risk. Macroaxis is notresponsible for any investment decisions related to the information or its usage. It is intended to be used as supplemental report and must be accompanied by a prospectusand disclosure statement. Please contact Macroaxis to add your own disclaimer or sign up for premium version to remove it

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