Projected Income Statement: easyJet plc

Forecast Balance Sheet: easyJet plc

Fiscal Period: September 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 1,125 910 670 -41 -181 -486 -443 70
Change - -19.11% -26.37% -106.12% -341.46% -168.51% 8.85% 115.8%
Announcement Date 17/11/20 30/11/21 29/11/22 28/11/23 27/11/24 - - -
1GBP in Million
Estimates

Cash Flow Forecast: easyJet plc

Fiscal Period: September 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 659 140 530 754 929 1,172 1,554 2,068
Change - -78.76% 278.57% 42.26% 23.21% 26.12% 32.62% 33.08%
Free Cash Flow (FCF) 1 -1,421 -1,175 246 797 536 464.2 198.1 -227.7
Change - 17.31% 120.94% 223.98% -32.75% -13.39% -57.33% -214.96%
Announcement Date 17/11/20 30/11/21 29/11/22 28/11/23 27/11/24 - - -
1GBP in Million
Estimates

Forecast Financial Ratios: easyJet plc

Fiscal Period: September 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) -9.11% -38.13% 9.86% 13.83% 14.68% 15.24% 15.51% 15.89%
EBIT Margin (%) -25.82% -71.06% 0.05% 5.83% 6.41% 7.16% 7.44% 7.73%
EBT Margin (%) -42.31% -71.06% -3.61% 5.29% 6.47% 6.94% 7.11% 7.57%
Net margin (%) -35.86% -58.85% -2.93% 3.97% 4.86% 5.23% 5.4% 5.73%
FCF margin (%) -47.22% -80.59% 4.26% 9.75% 5.76% 4.6% 1.85% -1.99%
FCF / Net Income (%) 131.7% 136.95% -145.56% 245.99% 118.58% 87.97% 34.21% -34.73%

Profitability

        
ROA -8.72% -9.87% -1.45% 7.53% 4.33% 4.6% 4.71% 4.99%
ROE -29.69% -39.67% -5.68% 12.82% 15.69% 16.72% 16.13% 15.75%

Financial Health

        
Leverage (Debt/EBITDA) -4.11x -1.64x 1.18x - - - - 0.04x
Debt / Free cash flow -0.79x -0.77x 2.72x - - - - -0.31x

Capital Intensity

        
CAPEX / Current Assets (%) 21.9% 9.6% 9.19% 9.23% 9.98% 11.6% 14.48% 18.07%
CAPEX / EBITDA (%) -240.51% -25.18% 93.15% 66.73% 67.96% 76.15% 93.37% 113.74%
CAPEX / FCF (%) -46.38% -11.91% 215.45% 94.6% 173.32% 252.39% 784.4% -908.03%

Items per share

        
Cash flow per share 1 -1.85 -1.92 1.031 2.046 1.93 1.87 2.022 2.409
Change - -3.82% 153.67% 98.56% -5.67% -3.13% 8.14% 19.17%
Dividend per Share 1 - - - - 0.121 0.1424 0.1545 0.1725
Change - - - - - 17.66% 8.53% 11.63%
Book Value Per Share 1 4.666 4.896 3.364 3.677 3.917 4.462 5.09 5.951
Change - 4.93% -31.29% 9.3% 6.53% 13.92% 14.08% 16.9%
EPS 1 -2.649 -1.59 -0.224 0.427 0.596 0.7022 0.7697 0.8711
Change - 39.98% 85.91% 290.62% 39.58% 17.82% 9.61% 13.18%
Nbr of stocks (in thousands) 454,434 755,890 755,946 755,110 753,144 750,859 750,859 750,859
Announcement Date 17/11/20 30/11/21 29/11/22 28/11/23 27/11/24 - - -
1GBP
Estimates
2025 *2026 *
P/E ratio 7.96x 7.26x
PBR 1.25x 1.1x
EV / Sales 0.37x 0.35x
Yield 2.55% 2.77%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
AA
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
5.588GBP
Average target price
7.012GBP
Spread / Average Target
+25.48%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. EZJ Stock
  4. Financials easyJet plc