Company Valuation: Ryanair Holdings plc

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 18,657 15,418 16,943 23,972 19,849 28,800 - -
Change - -17.36% 9.9% 41.48% -17.2% 45.1% - -
Enterprise Value (EV) 1 20,934 16,869 16,385 22,599 18,545 26,621 25,286 24,433
Change - -19.42% -2.87% 37.93% -17.94% 43.55% -5.01% -3.37%
P/E ratio -18.1x -63.8x 12.9x 12.6x 12.8x 13.3x 11.2x 10.4x
PBR 4.02x 2.78x 3x 3.15x 2.82x 3.53x 2.84x 2.4x
PEG - 0.8x -0x 0.3x -1x 0.3x 0.6x 1.33x
Capitalization / Revenue 11.4x 3.21x 1.57x 1.78x 1.42x 1.86x 1.77x 1.65x
EV / Revenue 12.8x 3.51x 1.52x 1.68x 1.33x 1.72x 1.55x 1.4x
EV / EBITDA -78x 44.4x 6.56x 7.24x 6.69x 7.06x 5.99x 5.44x
EV / EBIT -24.9x -49.7x 10.4x 11x 11.9x 10.9x 9x 8.2x
EV / FCF -7.63x 22.2x 8.29x 29.5x 9.95x 13.4x 11.1x 12.2x
FCF Yield -13.1% 4.5% 12.1% 3.39% 10% 7.44% 9.02% 8.16%
Dividend per Share 2 - - - 0.353 0.4 0.4651 0.5695 0.6391
Rate of return - - - 1.68% 2.15% 1.7% 2.08% 2.33%
EPS 2 -0.9142 -0.213 1.153 1.674 1.455 2.069 2.452 2.644
Distribution rate - - - 21.1% 27.5% 22.5% 23.2% 24.2%
Net sales 1 1,636 4,801 10,775 13,444 13,948 15,466 16,269 17,459
EBITDA 1 -268.4 379.8 2,496 3,120 2,772 3,772 4,221 4,488
EBIT 1 -839.4 -339.6 1,573 2,061 1,558 2,440 2,809 2,981
Net income 1 -1,015 -240.8 1,314 1,917 1,612 2,167 2,554 2,726
Net Debt 1 2,276 1,452 -558.8 -1,373 -1,304 -2,180 -3,514 -4,367
Reference price 2 16.54 13.59 14.88 21.03 18.62 27.43 27.43 27.43
Nbr of stocks (in thousands) 1,127,657 1,134,481 1,138,665 1,139,908 1,065,713 1,049,961 - -
Announcement Date 17/05/21 16/05/22 22/05/23 20/05/24 19/05/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.26x1.72x7.06x1.7% 34.27B
10.15x1.03x7.5x0.93% 48.3B
11.64x0.95x6.95x-.--% 37.67B
7.39x0.89x3.94x2.13% 27.23B
1921.24x1.95x10.09x-.--% 21.11B
62.98x2.54x12.34x0.2% 21.17B
119.43x1.95x9.63x0.06% 19.68B
148.43x2.24x10.27x-.--% 19.64B
11.8x1.46x5.17x2.8% 18.02B
24.64x1.39x6.67x3.13% 16.92B
Average 233.10x 1.61x 7.96x 1.09% 26.4B
Weighted average by Cap. 187.00x 1.50x 7.74x 1.02%

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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