Weekend Warriors

[jasper08]

$JETR Quick comparison to Wheels Up which is going public through a SPAC in the coming months $ASPL

Wheels up did $690M in Revenue for 2020 and will have an enterprise value of $2.1B post merger. This gives them an Enterprise/Price ratio of 3.04.

JETR had 2020 Revenue of $9.5M and has a current Enterprise value of $10.6M. This gives them an Enterprise/Price ratio of 1.11.

Wheels Up is expecting revenue growth of 32% this year. JETR has not announced 2021 guidance but did grow revenues 78% in 2020.

If you applied the same multiple to JETR as Wheels Up you would come to a price just above $1.20 (9.5M sales * 3.04 = $28.8M Enterprise) Market Cap = Enterprise Value - $3.2M debt + $400k Cash which gives us a Market Cap of $26M. There are 21M shares outstanding so price per share would be $26M / $21M = $1.23

Wheels up is clearly more established but JETR is growing faster. As always do your own DD, it should be worthwhile for these.

https://privatejetcardcomparisons.com/2021/02/17/wheels-ups-spac-reveals-revenue-profitability-membership-fleet-size-and-more/

https://backend.otcmarkets.com/otcapi/company/financial-report/272390/content