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RJET

Republic Airways Holdings Inc. Common Stock (RJET) fair value

Industrials · Airlines · NASDAQ · United States
$16.94-1.45%
Market cap $805MNext earnings 2026-10-29Updated Oct 19, 2026
Add earnings to calendarGoogle
Our verdict
Trades 30% below our fair value
Price
$16.94
Model fair valueConfidence: good
$24.33
Model range
$14.10 to $34.57
Fair value $24.33
Price $16.94
2 models fit Republic Airways Holdings Inc. Common Stock and they disagree: 0 of 2 land within 15% of the average.
Two or more of our models back this value.
Large discount(i)Bronze49
Valued as a cyclical company: EV/EBITDA comparison, Discounted cash flow, and Graham number.
ACCE opinionRepublic Airways Holdings Inc. Common Stock (RJET)
Fair value (2 models)
$24.33
ACCE price target
$15.60
Rating
Undervalued
Horizon
12 months
Fair value published on 15 Oct 2026, 00:00 CEST; previously $24.56 since 4 Oct 2026, 00:00 CEST.
ACCE price target published on 13 Oct 2026, 00:00 CEST.
Rating published on 19 Oct 2026, 17:05 CEST.
Price used: $16.94 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
30.4% below
+43.6% to fair value
ACCE score
50
out of 100
P/E
11.4x
forward 0.0x
1-year return
-23.2%
Dividend yield
0.00%

Republic Airways Holdings Inc. Common Stock in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Republic Airways Holdings operates a regional airline that flies as United Express, American Eagle and Delta Connection, with its aircraft and crews contracted to those major carriers on a capacity-purchase basis. Its edge is the contract structure itself: the majors cover fuel and fares while Republic earns a fixed fee per block hour and per departure, which keeps the economics steadier than a point-to-point carrier's. Revenue grew 40.8% over the latest reported period, and an operating margin of 12.7% on a 34.2% gross margin shows the fee model still converts well at the top line. The stock trades at 10.8 times trailing earnings with a 5.5% return on equity, so the market is pricing in durability of the contract base rather than the top-line surge. The fact that Republic is in no major index and carries a 47/100 score means the case rests on whether that revenue growth holds up under renegotiated capacity terms.

AI-assisted·How I use AIWritten Oct 18, 2026
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
  • high
    Free cash flow deeply negative
    Free cash flow is -$88.7M against a $751M market cap, with debt/equity at 0.92. The business is consuming cash despite 40.8% revenue growth.
  • high
    Earnings falling despite revenue growth
    Earnings are down 27.7% year over year while revenue rose 40.8%. Net margin of 3.5% leaves little room for further squeeze.
  • moderate
    Score down sharply over 90 days
    The ACCE score fell from 55 to 47 over 90 days, with the momentum component at just 17/100.

AI research notes

AI-assisted·How I use AIWritten Oct 19, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • Revenue grew 40.8% over the past year, well above its 25.2% average annual pace across five years.
  • At $16.04 the stock trades on a trailing P/E of 10.6x, a low multiple if the carrier's earnings recover.
  • The consensus model fair value of $24.33 sits 30.4% above the current price, leaving room if the models prove right.
Why it could disappoint
  • Free cash flow was negative $89M over the last twelve months, so growth is consuming cash rather than producing it.
  • The diluted share count rose 1370.8% last fiscal year, a dilution level that heavily reduces what each existing share owns.
  • Latest earnings per share missed expectations by 50.0%, with EPS of -0.48 against -0.32 expected, and net margin is only 3.5%.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Oct 29, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where RJET's valuation models land
Price
$16.94
Model fair value
$24.33
Model range
$14.10 to $34.57
Fair value $24.33
Price $16.94
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
Graham number
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

No analyst coverage yet.
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
+5.6%
1 month
-9.5%
3 months
-2.0%
6 months
-6.7%
YTD
-7.8%
1 year
-23.2%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
19 Oct 2026, 17:05 CESTRatingUndervaluedfirst publication$16.04
15 Oct 2026, 00:00 CESTFair value$24.27$24.56$16.69
13 Oct 2026, 00:00 CESTACCE price target$15.60first publication$16.96
4 Oct 2026, 00:00 CESTFair value$24.56$25.23$17.64
27 Sept 2026, 00:00 CESTFair value$25.23$26.30$18.70
24 Sept 2026, 00:00 CESTFair value$26.30$25.02$19.28
22 Sept 2026, 00:00 CESTFair value$25.02$24.58$17.68
19 Sept 2026, 00:00 CESTFair value$24.58$25.21$17.29
8 Sept 2026, 00:00 CESTFair value$25.21$25.84$17.92
6 Sept 2026, 00:00 CESTFair value$25.84$24.81$17.92

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth64Value55Quality51Momentum31Total50
Valuation
Trailing P/E
11.4x
Forward P/E
0.0x
PEG
no data
P/B
0.63x
EV / Revenue
0.9x
Book value/sh
$30.21
Enterprise value
$1.8B
Profitability
ROE
5.5%
FCF yield
-11.02%
ROIC
2.4%
Health and risk
Debt / equity
0.92
Dividend yield
0.00%
Beta
no data

Price

-22.1% · 1Y

Ask anything about RJET

Answered from Republic Airways Holdings Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 17% of peers
low 0.0x11.4xhigh 27.2x
ROEbetter than 83% of peers
low -120%5%high 6%
Div yieldbetter than 67% of peers
low 0.0%0.0%high 3.2%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
RJET Republic Airways Holdings Inc. Common Stock$16.94$2430% below11.4x5.5%5150
CJT.TO Cargojet Inc.C$83.11C$10420% below27.2x6.3%4251
VOLARA.MX Controladora Vuela Compania de AviacionMXN 10.70----116.8%2533
VLRS Controladora Vuela Compania de Aviacion S.A.B. de C.V. American Depositary Shares each representing ten (10) Ordinary Participation Certificates$5.68----116.8%2134
JBLU JetBlue Airways Corporation Common Stock$2.63----44.4%1721
ULCC Frontier Group Holdings Inc. Common Stock$4.94----120.2%1349
VGN.AX Virgin Australia Holdings LtdA$2.36--3.7x0.0%4062

Sector report card

Where RJET ranks against its sector peers on each metric.

Computing percentiles…
  • Business Wire•Oct 8, 2026
    Republic Airways Holdings Inc. Announces Webcast of Third Quarter 2026 Financial Results
  • Business Wire•Sep 28, 2026
    Surf Air Mobility Appoints Jason Secore as Chief Financial Officer
  • Business Wire•Jul 30, 2026
    Latino Professionals in Aerospace’s Largest-Ever Aerospace Industry Expo To Bring 16 Airlines, Record Attendance to Orlando Sept. 17-18
6 more press releases · full archive on Investor+.INVESTOR
30 filings of 40
May 2026
May 1
10-QQuarterly reportPeriod 2026-03-31
View on SEC →
April 2026
Apr 29
8-KCurrent reportPeriod 2026-04-29
View on SEC →
Apr 28
8-KCurrent reportPeriod 2026-04-22
View on SEC →
27 more filings + AI summaries on Investor+.INVESTOR