Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM P/E Multiple | 7.0x - 7.7x | 7.4x |
| Selected Fwd P/E Multiple | 9.6x - 10.6x | 10.1x |
| Fair Value | €21.11 - €23.33 | €22.22 |
| Upside | 15.3% - 27.5% | 21.4% |
| Benchmarks | - | Full Ticker |
| easyJet plc | - | LSE:EZJ |
| International Consolidated Airlines Group S.A. | - | LSE:IAG |
| Ryanair Holdings plc | - | LSE:0RYA |
| Deutsche Lufthansa AG | - | LSE:0H4A |
| Air France-KLM SA | - | LSE:0LN7 |
| Jet2 plc | - | DB:DG1 |
| - | - | - |
| Select Price / LTM EPS Ratio | ||||||||
| Benchmark Companies | ||||||||
| EZJ | IAG | 0RYA | 0H4A | 0LN7 | DG1 | |||
| LSE:EZJ | LSE:IAG | LSE:0RYA | LSE:0H4A | LSE:0LN7 | DB:DG1 | |||
| Historical Net Income Growth | ||||||||
| 5Y CAGR | 5.3% | 9.8% | 20.0% | 2.7% | -2.2% | 32.0% | ||
| 3Y CAGR | NM- | NM- | NM- | NM- | NM- | NM- | ||
| Latest Twelve Months | 10.2% | 18.5% | 28.3% | 46.7% | 357.9% | 11.9% | ||
| Historical Net Income Profit Margin | ||||||||
| 5 Year Average Margin | -22.9% | -22.1% | -3.4% | -9.3% | -14.3% | -12.6% | ||
| Prior Fiscal Year | 4.0% | 9.0% | 14.3% | 5.4% | 2.6% | 6.4% | ||
| Latest Fiscal Year | 4.9% | 8.5% | 11.6% | 3.7% | 0.8% | 6.2% | ||
| Latest Twelve Months | 4.3% | 9.4% | 14.1% | 4.6% | 2.9% | 6.2% | ||
| Current Trading Multiples | ||||||||
| EV / LTM EBITDA | 3.9x | 4.1x | 7.8x | 3.8x | 3.8x | 2.1x | ||
| Price / LTM Sales | 0.4x | 0.6x | 1.9x | 0.2x | 0.1x | 0.5x | ||
| LTM P/E Ratio | 9.0x | 6.4x | 13.3x | 5.0x | 3.5x | 7.3x | ||
| Low | Mid | High | ||||||
| Benchmark LTM P/E Ratio | 3.5x | 6.4x | 13.3x | |||||
| Historical LTM P/E Ratio | -9.7x | 7.3x | 11.4x | |||||
| Selected P/E Multiple | 7.0x | 7.4x | 7.7x | |||||
| (x) LTM Net Income | 447 | 447 | 447 | |||||
| (=) Equity Value | 3,128 | 3,293 | 3,457 | |||||
| (/) Shares Outstanding | 207.3 | 207.3 | 207.3 | |||||
| Implied Value Range | 15.09 | 15.89 | 16.68 | |||||
| FX Rate: GBP/EUR | 0.9 | 0.9 | 0.9 | Market Price | ||||
| Implied Value Range (Trading Cur) | 17.32 | 18.24 | 19.15 | 18.30 | ||||
| Upside / (Downside) | -5.3% | -0.3% | 4.6% | |||||
| Equity Value | |||||||
| Benchmark Companies | |||||||
| (in millions) | EZJ | IAG | 0RYA | 0H4A | 0LN7 | DG1 | |
| Value of Common Equity | 3,675 | 20,107 | 24,796 | 8,870 | 3,330 | 3,304 | |
| (/) Shares Outstanding | 750.9 | 4,645.0 | 1,060.6 | 1,198.3 | 262.6 | 207.3 | |
| Implied Stock Price | 4.89 | 4.33 | 23.38 | 7.40 | 12.68 | 15.94 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.15 | 1.15 | 1.00 | 1.00 | 0.87 | |
| Implied Stock Price (Trading Cur) | 4.89 | 3.77 | 20.37 | 7.40 | 12.68 | 18.30 | |
| Trading Currency | GBP | GBP | GBP | EUR | EUR | EUR | |
| FX Rate to Reporting Currency | 1.00 | 1.15 | 1.15 | 1.00 | 1.00 | 0.87 | |