LUV · Southwest Airlines Co.

$37.602026-05-17

Sector: Industrials; Industry: Airlines, Airports & Air Services; Sub-Industry: Passenger Airlines

Intrinsic Value Range Comparison · Mulya.ai

Bull

$38

+0.9% vs market

Base · active

$34

-10.2% vs market

Bear

$25

-33.4% vs market

Mulya.ai vs Analyst IV Comparison?

Bear $25

Base $34

Market $38

Bull $38

Median $50

Market Price $38

Mulya.ai Base $34

Analysts Median $50

Mulya.ai IV range ($25 · $38)

Analysts Range ($32 · $73)

Fundamentals · historical + forward · base

italics = DCF projection

Period	Revenue	Rev Gr ?	Ops M% ?	Tax Rate ?	NOPAT ?	Reinvest ?	FCFF ?	WACC% ?	PV FCFF ?	ROIC ?	Inv. Cap ?	EPS ?	P/E
2021.Q4	$15.8B	—	10.9%	26.2%	$1.3B	$1.8B	$3.0B	8.5%	—	23.1%	$5.5B	$1.88	—
2022.Q4	$23.8B	50.8%	4.3%	26.0%	$753MM	$2.8B	$3.6B	9.3%	—	12.4%	$6.6B	$1.03	—
2023.Q4	$26.1B	9.6%	0.9%	26.4%	$165MM	−$798MM	−$633MM	9.0%	—	2.4%	$7.3B	$0.89	—
2024.Q4	$27.5B	5.3%	1.2%	22.4%	$249MM	−$2.1B	−$1.8B	9.6%	—	3.1%	$8.7B	$0.89	—
2025.Q4	$28.1B	2.1%	1.5%	21.7%	$335MM	−$1.4B	−$1.0B	9.6%	—	3.6%	$10.0B	$0.85	45.8
italics below = DCF projection · 10yr Rev CAGR: 5.7%
2026.Q4	$32.1B	+14.4%	1.5%	21.5%	$385MM	−$2.6B	−$2.3B	9.4%	−$2.1B	3.4%	$12.6B	$0.74	50.8
2027.Q4	$33.6B	+4.5%	2.5%	21.3%	$659MM	−$737MM	−$78MM	9.3%	−$65MM	5.1%	$13.3B	$1.26	29.8
2028.Q4	$35.0B	+4.5%	3.5%	21.2%	$958MM	−$625MM	$333MM	9.2%	$255MM	7.0%	$14.0B	$1.84	20.4
2029.Q4	$36.6B	+4.4%	4.4%	21.0%	$1.3B	−$674MM	$609MM	9.2%	$427MM	9.0%	$14.6B	$2.46	15.3
2030.Q4	$39.8B	+8.8%	6.4%	20.8%	$2.0B	−$1.4B	$640MM	9.1%	$411MM	13.1%	$16.0B	$3.86	9.7

Term. Yr+	$50.9B	4.1%	6.4%	20.0%	$2.6B	−$813MM	$1.8B	8.6%	$16.7B	13.1%	—	—	—

Active scenario IV: $34 (-10.2% vs market)