Company Valuation: Delta Air Lines, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 25,539 24,925 21,031 25,762 38,787 45,684 45,684 -
Change - -2.4% -15.62% 22.49% 50.56% 17.78% 0% -
Enterprise Value (EV) 1 46,389 40,526 37,525 47,186 56,081 62,443 59,466 58,562
Change - -12.64% -7.41% 25.74% 18.85% 11.34% -4.77% -1.52%
P/E ratio -2.06x 88.8x 16x 5.61x 11.4x 9.06x 9.57x 8.56x
PBR 18.9x 6.53x 3.26x 2.33x 2.56x 2.34x 1.9x 1.6x
PEG - -1x 0x 0x -0.4x 0.2x 28.71x 0.7x
Capitalization / Revenue 1.49x 0.83x 0.42x 0.44x 0.63x 0.71x 0.7x 0.66x
EV / Revenue 2.71x 1.36x 0.74x 0.81x 0.91x 0.99x 0.91x 0.84x
EV / EBITDA -8.47x -409x 6.07x 5.12x 6.18x 7.2x 6.07x 5.47x
EV / EBIT -5.67x -16x 10.5x 7.45x 9.32x 10.7x 8.55x 7.59x
EV / FCF -8.15x 32.3x -18,762x 23.6x 19.4x 18.5x 18.3x 13.1x
FCF Yield -12.3% 3.1% -0.01% 4.24% 5.14% 5.4% 5.45% 7.63%
Dividend per Share 2 0.4 - - 0.2 0.5 0.6912 0.763 0.8632
Rate of return 0.99% - - 0.5% 0.83% 0.98% 1.08% 1.23%
EPS 2 -19.49 0.44 2.06 7.17 5.33 7.66 7.363 8.232
Distribution rate -2.05% - - 2.79% 9.38% 9.42% 10.4% 10.5%
Net sales 1 17,095 29,899 50,582 58,048 61,643 63,364 65,594 69,387
EBITDA 1 -5,474 -99 6,181 9,207 9,077 8,789 9,801 10,702
EBIT 1 -8,185 -2,527 3,566 6,334 6,016 5,804 6,958 7,716
Net income 1 -12,385 280 1,318 4,609 3,457 5,005 4,832 5,330
Net Debt 1 20,850 15,601 16,494 21,424 17,294 16,759 13,783 12,879
Reference price 2 40.21 39.08 32.86 40.23 60.50 70.43 70.43 70.43
Nbr of stocks (in thousands) 635,144 637,797 640,014 640,356 641,115 648,638 648,638 -
Announcement Date 14/01/21 13/01/22 13/01/23 12/01/24 10/01/25 13/01/26 - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.6x0.99x7.2x0.98% 45.68B
11.36x0.95x6.94x-.--% 36.74B
13.69x1.83x7.52x1.62% 35.08B
7x0.86x3.79x2.25% 25.08B
33.5x2.41x11.01x0.2% 20.2B
154.1x1.88x9.75x0.2% 19.56B
137.41x1.89x9.27x0.02% 17.68B
147.71x2.15x9.74x0.05% 17.51B
12.16x1.59x5.63x4.25% 17.36B
22.48x1.33x6.41x3.28% 15.5B
Average 54.90x 1.59x 7.73x 1.29% 25.04B
Weighted average by Cap. 43.05x 1.48x 7.54x 1.17%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Delta Air Lines, Inc.