INTERNATIONAL CONSOLIDATED AIRLINES GROUP Financials International Consolidated Airlines Group CINNOBER BOAT
Equities
IAG
ES0177542018
Airlines
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| - GBX | -.--% |
|
-.--% | -.--% |
| 06:38am | EU Probes Viability of IAG's Proposed Rivals for Air Europa Routes | MT |
| 06-17 | EU vets IAG rivals' ability to take over Air Europa routes, sources say | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 14,667 | 8,880 | 8,410 | 6,931 | 8,783 | 9,604 | - | - |
| Enterprise Value (EV) 1 | 22,238 | 18,642 | 20,077 | 17,316 | 18,028 | 17,947 | 17,427 | 16,964 |
| P/E ratio | 8.55 x | -0.91 x | -2.87 x | 22.9 x | 3.53 x | 4.38 x | 3.98 x | 3.81 x |
| Yield | 1.96% | - | - | - | - | 3.02% | 3.99% | 4.38% |
| Capitalization / Revenue | 0.58 x | 1.14 x | 0.99 x | 0.3 x | 0.3 x | 0.31 x | 0.3 x | 0.28 x |
| EV / Revenue | 0.87 x | 2.39 x | 2.37 x | 0.75 x | 0.61 x | 0.57 x | 0.54 x | 0.5 x |
| EV / EBITDA | 4.12 x | -8.23 x | -19.7 x | 5.24 x | 3.24 x | 3.13 x | 2.83 x | 2.6 x |
| EV / FCF | 41.4 x | -3.56 x | -22.7 x | 9.64 x | - | 20.9 x | 21.1 x | 16.3 x |
| FCF Yield | 2.41% | -28.1% | -4.41% | 10.4% | - | 4.78% | 4.74% | 6.12% |
| Price to Book | 2.15 x | 6.78 x | 10 x | 3.44 x | - | 1.72 x | 1.29 x | 1 x |
| Nbr of stocks (in thousands) | 1,984,330 | 4,966,379 | 4,961,189 | 4,954,313 | 4,915,537 | 4,918,643 | - | - |
| Reference price 2 | 7.391 | 1.788 | 1.695 | 1.399 | 1.787 | 1.953 | 1.953 | 1.953 |
| Announcement Date | 28/02/20 | 26/02/21 | 25/02/22 | 24/02/23 | 29/02/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 25,506 | 7,806 | 8,455 | 23,066 | 29,453 | 31,242 | 32,468 | 34,149 |
| EBITDA 1 | 5,396 | -2,266 | -1,017 | 3,303 | 5,570 | 5,743 | 6,149 | 6,532 |
| EBIT 1 | 3,285 | -4,365 | -2,970 | 1,225 | 3,507 | 3,515 | 3,790 | 4,026 |
| Operating Margin | 12.88% | -55.92% | -35.13% | 5.31% | 11.91% | 11.25% | 11.67% | 11.79% |
| Earnings before Tax (EBT) 1 | 2,275 | -7,810 | -3,507 | 415 | 3,056 | 2,860 | 3,151 | 3,376 |
| Net income 1 | 1,715 | -6,923 | -2,933 | 431 | 2,655 | 2,314 | 2,502 | 2,694 |
| Net margin | 6.72% | -88.69% | -34.69% | 1.87% | 9.01% | 7.41% | 7.71% | 7.89% |
| EPS 2 | 0.8640 | -1.962 | -0.5910 | 0.0610 | 0.5060 | 0.4459 | 0.4902 | 0.5131 |
| Free Cash Flow 1 | 537 | -5,235 | -885 | 1,797 | - | 858.7 | 826 | 1,039 |
| FCF margin | 2.11% | -67.06% | -10.47% | 7.79% | - | 2.75% | 2.54% | 3.04% |
| FCF Conversion (EBITDA) | 9.95% | - | - | 54.41% | - | 14.95% | 13.43% | 15.9% |
| FCF Conversion (Net income) | 31.31% | - | - | 416.94% | - | 37.11% | 33.01% | 38.56% |
| Dividend per Share 2 | 0.1450 | - | - | - | - | 0.0590 | 0.0779 | 0.0856 |
| Announcement Date | 28/02/20 | 26/02/21 | 25/02/22 | 24/02/23 | 29/02/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,288 | 2,212 | 2,709 | 3,534 | 3,435 | 5,916 | 9,351 | 7,329 | 6,386 | 5,889 | 7,694 | 13,583 | 8,646 | 7,224 | 6,429 | 8,285 | 9,249 | 7,617 | - |
| EBITDA 1 | -786 | -1,260 | -8 | 251 | -223 | 771 | 548 | 1,722 | 1,025 | 495 | 1,748 | 2,243 | 2,554 | 1,057 | 627 | 1,740 | 2,319 | 1,243 | - |
| EBIT 1 | -1,900 | -2,180 | -485 | -305 | -754 | 287 | -467 | 1,206 | 486 | 9 | 1,251 | 1,260 | 1,745 | 502 | 68 | 1,158 | 1,753 | 647.9 | - |
| Operating Margin | -35.93% | -98.55% | -17.9% | -8.63% | -21.95% | 4.85% | -4.99% | 16.46% | 7.61% | 0.15% | 16.26% | 9.28% | 20.18% | 6.95% | 1.06% | 13.97% | 18.95% | 8.51% | - |
| Earnings before Tax (EBT) 1 | -4,206 | -2,336 | -714 | -457 | -916 | 73 | -843 | 1,009 | 249 | -121 | 1,158 | 1,037 | 1,578 | 441 | -87 | 991 | 1,603 | 449 | - |
| Net income 1 | -3,806 | -2,048 | -574 | -311 | -787 | 133 | -654 | 853 | 232 | -87 | 1,008 | 921 | 1,230 | 504 | -4 | 785.4 | 1,247 | 351.1 | - |
| Net margin | -71.97% | -92.59% | -21.19% | -8.8% | -22.91% | 2.25% | -6.99% | 11.64% | 3.63% | -1.48% | 13.1% | 6.78% | 14.23% | 6.98% | -0.06% | 9.48% | 13.48% | 4.61% | - |
| EPS 2 | - | - | -0.1156 | -0.0630 | -0.1590 | 0.0270 | - | - | 0.0210 | - | 0.1940 | - | 0.2307 | 0.0993 | -0.001000 | 0.1554 | 0.2428 | 0.0680 | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.0200 | - | 0.0609 | - |
| Announcement Date | 31/07/20 | 30/07/21 | 05/11/21 | 25/02/22 | 06/05/22 | 29/07/22 | 29/07/22 | 28/10/22 | 24/02/23 | 05/05/23 | 28/07/23 | 28/07/23 | 27/10/23 | 29/02/24 | 10/05/24 | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 7,571 | 9,762 | 11,667 | 10,385 | 9,245 | 8,344 | 7,823 | 7,361 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.403 x | -4.308 x | -11.47 x | 3.144 x | 1.66 x | 1.453 x | 1.272 x | 1.127 x |
| Free Cash Flow 1 | 537 | -5,235 | -885 | 1,797 | - | 859 | 826 | 1,039 |
| ROE (net income / shareholders' equity) | 25.3% | -106% | -249% | 28.2% | - | 49.7% | 36.1% | 29.9% |
| ROA (Net income/ Total Assets) | 5.39% | -13.2% | -9.39% | 1.09% | - | 5.83% | 6.21% | 6.16% |
| Assets 1 | 31,847 | 52,595 | 31,243 | 39,513 | - | 39,702 | 40,319 | 43,758 |
| Book Value Per Share 2 | 3.440 | 0.2600 | 0.1700 | 0.4100 | - | 1.140 | 1.520 | 1.960 |
| Cash Flow per Share 2 | 1.940 | -0.9300 | -0.0300 | 0.9000 | - | 0.8400 | 0.9500 | 0.7700 |
| Capex 1 | 3,465 | 1,939 | 744 | 3,875 | 3,544 | 3,796 | 4,071 | 4,422 |
| Capex / Sales | 13.59% | 24.84% | 8.8% | 16.8% | 12.03% | 12.15% | 12.54% | 12.95% |
| Announcement Date | 28/02/20 | 26/02/21 | 25/02/22 | 24/02/23 | 29/02/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
1.953
EUR
Average target price
2.708
EUR
Spread / Average Target
+38.72%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +23.56% | 32.08B | |
| -11.90% | 20.4B | |
| +45.09% | 19.73B | |
| +2.90% | 17.73B | |
| +22.06% | 16.56B | |
| -22.47% | 14.32B | |
| +36.37% | 13.09B | |
| -6.34% | 12.69B | |
| +2.32% | 10.77B |
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