(SKYH) Sky Harbour - Overview
Stock: Hangars, Lease, Campus, Services
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 43.4% |
| Relative Tail Risk | -6.36% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.46 |
| Alpha | -33.48 |
| Character TTM | |
|---|---|
| Beta | 0.874 |
| Beta Downside | 0.691 |
| Drawdowns 3y | |
|---|---|
| Max DD | 52.66% |
| CAGR/Max DD | 0.31 |
Description: SKYH Sky Harbour December 25, 2025
Sky Harbour Group Corp. (NYSE: SKYH) develops, leases, and manages general-aviation hangar campuses across the United States, offering private, semi-private, and transient-aircraft services from its White Plains, NY headquarters. The business model centers on long-term lease contracts that generate recurring cash flow, while the company retains ownership of the underlying real-estate assets.
Key operating metrics that investors watch include an occupancy rate that historically hovers around 85-90 % and average lease terms of 5-7 years, which help smooth revenue volatility. Recent quarterly filings (Q3 2024) showed a 12 % year-over-year increase in revenue per available hangar (RevPAH), reflecting rising demand for business-jet basing amid a rebound in corporate travel and a modest uptick in private-jet flight hours (≈ 3 % YoY). Macro-level drivers include the FAA’s projected 4 % annual growth in the business-jet fleet through 2030 and a low-interest-rate environment that makes real-estate financing attractive, though any sharp rise in rates could pressure acquisition costs.
For a deeper quantitative view, check the ValueRay dashboard for SKYH to explore its valuation sensitivities and peer comparisons.
Piotroski VR‑10 (Strict, 0-10) 1.5
| Net Income: -4.30m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.18 > 0.02 and ΔFCF/TA -0.40 > 1.0 |
| NWC/Revenue: 116.0% < 20% (prev 794.6%; Δ -678.6% < -1%) |
| CFO/TA -0.02 > 3% & CFO -9.36m > Net Income -4.30m |
| Current Ratio: 2.40 > 1.5 & < 3 |
| Outstanding Shares: last quarter (33.9m) vs 12m ago 35.23% < -2% |
| Gross Margin: 18.35% > 18% (prev 0.15%; Δ 1820 % > 0.5%) |
| Asset Turnover: 4.75% > 50% (prev 2.71%; Δ 2.05% > 0%) |
| Interest Coverage Ratio: -4.84 > 6 (EBITDA TTM 1.76m / Interest Expense TTM 708.0k) |
Altman Z'' -0.19
| A: 0.05 (Total Current Assets 47.9m - Total Current Liabilities 19.9m) / Total Assets 558.0m |
| B: -0.10 (Retained Earnings -55.4m / Total Assets 558.0m) |
| C: -0.01 (EBIT TTM -3.43m / Avg Total Assets 507.4m) |
| D: -0.14 (Book Value of Equity -55.4m / Total Liabilities 394.2m) |
| Altman-Z'' Score: -0.19 = B |
Beneish M -3.04
| DSRI: 1.02 (Receivables 12.3m/6.21m, Revenue 24.1m/12.4m) |
| GMI: 0.82 (GM 18.35% / 15.08%) |
| AQI: 0.06 (AQ_t 0.03 / AQ_t-1 0.47) |
| SGI: 1.95 (Revenue 24.1m / 12.4m) |
| TATA: 0.01 (NI -4.30m - CFO -9.36m) / TA 558.0m) |
| Beneish M-Score: -3.04 (Cap -4..+1) = AA |
What is the price of SKYH shares?
Over the past week, the price has changed by -2.59%, over one month by -4.34%, over three months by -5.83% and over the past year by -20.35%.
Is SKYH a buy, sell or hold?
- StrongBuy: 4
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the SKYH price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 16.4 | 81.7% |
| Analysts Target Price | 16.4 | 81.7% |
| ValueRay Target Price | 9 | -0.3% |
SKYH Fundamental Data Overview February 03, 2026
P/S = 29.1644
P/B = 2.6459
Revenue TTM = 24.1m USD
EBIT TTM = -3.43m USD
EBITDA TTM = 1.76m USD
Long Term Debt = 169.0m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 345.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 322.2m USD (from netDebt column, last quarter)
Enterprise Value = 1.03b USD (703.6m + Debt 345.7m - CCE 23.5m)
Interest Coverage Ratio = -4.84 (Ebit TTM -3.43m / Interest Expense TTM 708.0k)
EV/FCF = -10.39x (Enterprise Value 1.03b / FCF TTM -98.7m)
FCF Yield = -9.62% (FCF TTM -98.7m / Enterprise Value 1.03b)
FCF Margin = -409.2% (FCF TTM -98.7m / Revenue TTM 24.1m)
Net Margin = -17.82% (Net Income TTM -4.30m / Revenue TTM 24.1m)
Gross Margin = 18.35% ((Revenue TTM 24.1m - Cost of Revenue TTM 19.7m) / Revenue TTM)
Gross Margin QoQ = 32.06% (prev 31.83%)
Tobins Q-Ratio = 1.84 (Enterprise Value 1.03b / Total Assets 558.0m)
Interest Expense / Debt = 0.08% (Interest Expense 280.0k / Debt 345.7m)
Taxrate = 21.0% (US default 21%)
NOPAT = -2.71m (EBIT -3.43m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.40 (Total Current Assets 47.9m / Total Current Liabilities 19.9m)
Debt / Equity = 2.96 (Debt 345.7m / totalStockholderEquity, last quarter 116.8m)
Debt / EBITDA = 182.7 (Net Debt 322.2m / EBITDA 1.76m)
Debt / FCF = -3.26 (negative FCF - burning cash) (Net Debt 322.2m / FCF TTM -98.7m)
Total Stockholder Equity = 109.1m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.85% (Net Income -4.30m / Total Assets 558.0m)
RoE = -3.94% (Net Income TTM -4.30m / Total Stockholder Equity 109.1m)
RoCE = -1.23% (EBIT -3.43m / Capital Employed (Equity 109.1m + L.T.Debt 169.0m))
RoIC = -0.97% (negative operating profit) (NOPAT -2.71m / Invested Capital 278.6m)
WACC = 6.15% (E(703.6m)/V(1.05b) * Re(9.14%) + D(345.7m)/V(1.05b) * Rd(0.08%) * (1-Tc(0.21)))
Discount Rate = 9.14% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 40.12%
Fair Price DCF = unknown (Cash Flow -98.7m)
EPS Correlation: -12.34 | EPS CAGR: -1.73% | SUE: 0.03 | # QB: 0
Revenue Correlation: 97.74 | Revenue CAGR: 118.3% | SUE: -0.73 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.07 | Chg30d=-0.015 | Revisions Net=+0 | Analysts=2
EPS next Year (2026-12-31): EPS=-0.22 | Chg30d=+0.068 | Revisions Net=+1 | Growth EPS=-285.0% | Growth Revenue=+69.4%