Valuation Air France-KLM

Equities

Market Closed - Euronext Paris Other stock markets 16:55:00 05/12/2025 GMT			5-day change	1st Jan Change
10.99 ^EUR	+0.46%		+4.17%	+35.28%

12-06	Airbus counts the cost of relying on a single airplane model	RE
12-05	From 'Icarus bug' to flawed panels: Airbus counts cost of relying on single model	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	2,188	2,483	3,163	3,570	2,134	2,886	-	-
Change	-	13.46%	27.38%	12.87%	-40.23%	35.28%	-	-
Enterprise Value (EV) ¹	13,237	10,699	9,500	8,611	9,466	12,290	12,392	12,124
Change	-	-19.18%	-11.21%	-9.36%	9.93%	29.83%	0.83%	-2.16%
P/E ratio	-0.31x	-0.65x	3.97x	3.32x	8.74x	2.79x	2.52x	2.22x
PBR	-0.4x	-0.65x	-0.8x	-1.74x	-1.21x	-4.83x	4.81x	1.59x
PEG	-	0x	-0x	0.1x	-0.1x	0x	0.2x	0.2x
Capitalization / Revenue	0.2x	0.17x	0.12x	0.12x	0.07x	0.09x	0.08x	0.08x
EV / Revenue	1.19x	0.75x	0.36x	0.29x	0.3x	0.37x	0.36x	0.33x
EV / EBITDA	-7.84x	14.4x	2.63x	2.05x	2.23x	2.55x	2.37x	2.15x
EV / EBIT	-2.91x	-6.58x	7.96x	5.03x	5.91x	6.51x	5.61x	4.97x
EV / FCF	-2.69x	46.3x	5.04x	-20.2x	34.9x	53.6x	18.3x	26.2x
FCF Yield	-37.2%	2.16%	19.8%	-4.95%	2.86%	1.87%	5.47%	3.82%
Dividend per Share ²	-	-	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-	-	-
EPS ²	-165.6	-59.5	3.1	4.1	0.93	3.945	4.366	4.939
Distribution rate	-	-	-	-	-	-	-	-
Net sales ¹	11,088	14,315	26,393	30,019	31,459	32,961	34,450	36,310
EBITDA ¹	-1,689	745	3,615	4,208	4,244	4,814	5,230	5,636
EBIT ¹	-4,548	-1,626	1,193	1,712	1,601	1,887	2,209	2,440
Net income ¹	-7,078	-3,292	728	934	317	1,040	1,157	1,301
Net Debt ¹	11,049	8,216	6,337	5,041	7,332	9,403	9,506	9,238
Reference price ²	51.20	38.71	12.31	13.59	8.12	10.99	10.99	10.99
Nbr of stocks (in thousands)	42,743	64,143	256,933	262,649	262,626	262,626	-	-
Announcement Date	18/02/21	17/02/22	17/02/23	29/02/24	06/03/25	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
AIR FRANCE-KLM	2.79x	0.37x	2.55x	-.--%	3.36B
DELTA AIR LINES, INC.	9.14x	0.95x	6.8x	1.02%	43.52B
RYANAIR HOLDINGS PLC	13.45x	1.79x	7.36x	1.67%	34.18B
UNITED AIRLINES HOLDINGS, INC.	10.39x	0.88x	6.38x	-.--%	33.98B
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	6.55x	0.83x	3.7x	2.51%	24.29B
INTERGLOBE AVIATION LIMITED	27.4x	2.56x	10.74x	0.22%	23.07B
AIR CHINA LIMITED	147.17x	1.85x	9.63x	-.--%	18.75B
CHINA SOUTHERN AIRLINES COMPANY LIMITED	138.27x	1.92x	8.43x	0.09%	16.66B
LATAM AIRLINES GROUP S.A.	10.77x	1.46x	5.18x	6.77%	15.38B
CHINA EASTERN AIRLINES CORPORATION LIMITED	134.14x	2.02x	9.1x	-.--%	15.36B
Average	50.01x	1.46x	6.99x	1.23%	22.85B
Weighted average by Cap.	40.69x	1.46x	7.23x	1.19%