Valuation Air France-KLM

Equities

Market Closed - Euronext Paris Other stock markets 16:55:00 17/04/2026 BST			5-day change	1st Jan Change
10.53 ^EUR	+7.41%		+4.72%	-8.95%

04-17	EU to push for jet fuel diversification as Iran war threatens supply	RE
04-17	Hormuz traffic to resume, European markets end week on a high note

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	2,483	3,163	3,570	2,134	3,037	2,765	-	-
Change	-	27.38%	12.87%	-40.23%	42.36%	-8.95%	-	-
Enterprise Value (EV) ¹	10,699	9,500	8,611	9,466	11,429	12,589	12,638	12,361
Change	-	-11.21%	-9.36%	9.93%	20.75%	10.15%	0.39%	-2.19%
P/E ratio	-0.65x	3.97x	3.32x	8.74x	2.1x	2.86x	2.28x	1.96x
PBR	-0.65x	-0.8x	-1.74x	-1.21x	10.2x	1.92x	1.05x	0.67x
PEG	-	-0x	0.1x	-0.1x	0x	-0.1x	0.1x	0.1x
Capitalization / Revenue	0.17x	0.12x	0.12x	0.07x	0.09x	0.08x	0.08x	0.07x
EV / Revenue	0.75x	0.36x	0.29x	0.3x	0.35x	0.36x	0.34x	0.32x
EV / EBITDA	14.4x	2.63x	2.05x	2.23x	2.26x	2.51x	2.28x	2.03x
EV / EBIT	-6.58x	7.96x	5.03x	5.91x	5.7x	6.59x	5.65x	4.82x
EV / FCF	46.3x	5.04x	-20.2x	34.9x	11.1x	17x	18.7x	14.3x
FCF Yield	2.16%	19.8%	-4.95%	2.86%	9.01%	5.88%	5.35%	7.01%
Dividend per Share ²	-	-	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-	-	-
EPS ²	-59.5	3.1	4.1	0.93	5.5	3.681	4.618	5.377
Distribution rate	-	-	-	-	-	-	-	-
Net sales ¹	14,315	26,393	30,019	31,459	33,007	34,932	36,773	38,214
EBITDA ¹	745	3,615	4,208	4,244	5,058	5,006	5,538	6,092
EBIT ¹	-1,626	1,193	1,712	1,601	2,004	1,911	2,237	2,566
Net income ¹	-3,292	728	934	317	1,593	932.5	1,194	1,465
Net Debt ¹	8,216	6,337	5,041	7,332	8,392	9,824	9,873	9,596
Reference price ²	38.71	12.31	13.59	8.12	11.56	10.53	10.53	10.53
Nbr of stocks (in thousands)	64,143	256,933	262,649	262,626	262,626	262,622	-	-
Announcement Date	17/02/22	17/02/23	29/02/24	06/03/25	19/02/26	-	-	-

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 (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
AIR FRANCE-KLM	2.86x	0.36x	2.51x	-.--%	3.26B
DELTA AIR LINES, INC.	14.28x	0.88x	7.5x	1.08%	46.86B
UNITED AIRLINES HOLDINGS, INC.	9.43x	0.79x	6.46x	-.--%	33.05B
RYANAIR HOLDINGS PLC	12.53x	1.6x	6.61x	1.81%	31.85B
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	6.86x	0.76x	3.47x	2.36%	25.05B
INTERGLOBE AVIATION LIMITED	443.42x	2.42x	12.82x	0.22%	19.38B
SINGAPORE AIRLINES LIMITED	18.91x	1.28x	5.78x	4.1%	16.26B
LATAM AIRLINES GROUP S.A.	10.35x	1.36x	5.23x	2.89%	16.1B
AIR CHINA LIMITED	-11.77x	1.73x	12.48x	-.--%	15.86B
CHINA SOUTHERN AIRLINES COMPANY LIMITED	89.02x	1.71x	8.24x	0.09%	13.76B
Average	59.59x	1.29x	7.11x	1.25%	22.14B
Weighted average by Cap.	52.69x	1.26x	7.27x	1.29%