Company Valuation: Air Canada

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,561 6,963 6,700 7,779 5,703 6,791 - -
Change - -7.91% -3.78% 16.11% -26.69% 19.08% - -
Enterprise Value (EV) 1 15,282 14,458 12,011 12,697 11,114 13,502 13,570 12,371
Change - -5.39% -16.93% 5.72% -12.47% 21.48% 0.5% -8.84%
P/E -2.06x -4.08x 3.14x 4.87x 10.4x 12.5x 8.9x 6.99x
PBR 840x -4.47x 8.42x 3.17x 2.19x 2.33x 1.94x 1.49x
PEG - 0.1x -0x -0.2x -0.2x 2.66x 0.2x 0.3x
Capitalization / Revenue 1.18x 0.42x 0.31x 0.35x 0.25x 0.27x 0.26x 0.25x
EV / Revenue 2.39x 0.87x 0.55x 0.57x 0.5x 0.54x 0.52x 0.45x
EV / EBITDA -10.4x 9.92x 3.02x 3.54x 3.56x 4.12x 3.54x 2.82x
EV / EBIT -5.01x -77.3x 5.27x 10.1x 12.1x 13.1x 9.29x 6.35x
EV / FCF -5.8x 18.2x 4.36x 9.81x 14.9x 21.5x 28.2x 11.4x
FCF Yield -17.2% 5.51% 22.9% 10.2% 6.72% 4.65% 3.54% 8.79%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -10.25 -4.75 5.96 4.574 1.86 1.948 2.724 3.468
Distribution rate - - - - - - - -
Net sales 1 6,400 16,556 21,833 22,255 22,372 24,844 25,952 27,647
EBITDA 1 -1,464 1,457 3,982 3,586 3,124 3,276 3,832 4,382
EBIT 1 -3,049 -187 2,279 1,263 918 1,029 1,461 1,948
Net income 1 -3,602 -1,700 2,276 1,720 644 555.1 688.9 959.8
Net Debt 1 7,721 7,495 5,311 4,918 5,411 6,710 6,778 5,579
Reference price 2 21.13 19.39 18.69 22.26 19.29 24.25 24.25 24.25
Nbr of stocks (in thousands) 357,835 359,098 358,469 349,475 295,653 280,059 - -
Announcement Date 2/18/22 2/17/23 2/16/24 2/13/25 2/12/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.5x0.96x7.33x0.89% 56.69B
10.61x0.84x6.78x-.--% 39.14B
14.02x1.43x6.41x1.78% 29.04B
8.21x0.81x3.86x2.06% 25.86B
-366.98x2.71x14.29x0.19% 21.09B
29.12x1.23x6.33x3.54% 18.82B
-14.29x1.62x10.4x-.--% 16.71B
-122.44x1.52x8.57x-.--% 12.38B
8.54x0.41x4.02x3.57% 12.18B
Average -46.63x 1.28x 7.55x 1.34% 25.77B
Weighted average by Cap. -30.36x 1.21x 7.40x 1.16%

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