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 7,220 - -
Change - -7.91% -3.78% 16.11% -26.69% 26.6% - -
Enterprise Value (EV) 1 15,282 14,458 12,011 12,697 11,114 12,607 12,924 12,657
Change - -5.39% -16.93% 5.72% -12.47% 13.43% 2.52% -2.07%
P/E -2.06x -4.08x 3.14x 4.87x 10.4x 36.5x 12.2x 6.69x
PBR 840x -4.47x 8.42x 3.17x 2.19x 1.63x 1.42x 1.18x
PEG - 0.1x -0x -0.2x -0.2x -0.6x 0x 0.1x
Capitalization / Revenue 1.18x 0.42x 0.31x 0.35x 0.25x 0.29x 0.27x 0.26x
EV / Revenue 2.39x 0.87x 0.55x 0.57x 0.5x 0.5x 0.49x 0.45x
EV / EBITDA -10.4x 9.92x 3.02x 3.54x 3.56x 4.16x 3.5x 2.86x
EV / EBIT -5.01x -77.3x 5.27x 10.1x 12.1x 19.7x 10.8x 7.17x
EV / FCF -5.8x 18.2x 4.36x 9.81x 14.9x 24.7x 49.7x 10.2x
FCF Yield -17.2% 5.51% 22.9% 10.2% 6.72% 4.04% 2.01% 9.82%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -10.25 -4.75 5.96 4.574 1.86 0.7067 2.113 3.855
Distribution rate - - - - - - - -
Net sales 1 6,400 16,556 21,833 22,255 22,372 25,233 26,506 28,180
EBITDA 1 -1,464 1,457 3,982 3,586 3,124 3,030 3,698 4,424
EBIT 1 -3,049 -187 2,279 1,263 918 639.9 1,191 1,764
Net income 1 -3,602 -1,700 2,276 1,720 644 199.8 512.7 982.4
Net Debt 1 7,721 7,495 5,311 4,918 5,411 5,387 5,705 5,437
Reference price 2 21.13 19.39 18.69 22.26 19.29 25.78 25.78 25.78
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.($)
13.89x0.92x7.56x0.91% 54.34B
10.95x0.79x6.89x-.--% 35.7B
14.01x1.39x6.38x1.82% 27.81B
8.23x0.82x3.93x2.1% 25.27B
14.25x0.74x6.83x1.72% 20.47B
67.01x2.25x13.48x0.07% 19.81B
28.31x1.08x5.76x3.73% 16.4B
-10.42x1.61x11.26x-.--% 16.03B
10.29x1.17x4.81x3.19% 14.77B
Average 17.39x 1.20x 7.43x 1.5% 25.62B
Weighted average by Cap. 16.53x 1.12x 7.31x 1.29%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Air Canada

Historical PBR trend

Valuation ratios - PBR - Air Canada

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Air Canada

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Air Canada


Year-on-year evolution of the Yield

Valuation ratios - Yield - Air Canada