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 6,632 - -
Change - -7.91% -3.78% 16.11% -26.69% 16.28% - -
Enterprise Value (EV) 1 15,282 14,458 12,011 12,697 11,114 13,253 13,361 12,218
Change - -5.39% -16.93% 5.72% -12.47% 19.25% 0.81% -8.55%
P/E -2.06x -4.08x 3.14x 4.87x 10.4x 12.8x 9.49x 6.76x
PBR 840x -4.47x 8.42x 3.17x 2.19x 2.29x 1.91x 1.48x
PEG - 0.1x -0x -0.2x -0.2x -29.76x 0.3x 0.2x
Capitalization / Revenue 1.18x 0.42x 0.31x 0.35x 0.25x 0.27x 0.26x 0.24x
EV / Revenue 2.39x 0.87x 0.55x 0.57x 0.5x 0.53x 0.52x 0.44x
EV / EBITDA -10.4x 9.92x 3.02x 3.54x 3.56x 4.13x 3.52x 2.8x
EV / EBIT -5.01x -77.3x 5.27x 10.1x 12.1x 13.6x 9.36x 6.27x
EV / FCF -5.8x 18.2x 4.36x 9.81x 14.9x 24.3x 28.9x 7.92x
FCF Yield -17.2% 5.51% 22.9% 10.2% 6.72% 4.12% 3.46% 12.6%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -10.25 -4.75 5.96 4.574 1.86 1.852 2.495 3.502
Distribution rate - - - - - - - -
Net sales 1 6,400 16,556 21,833 22,255 22,372 24,883 25,926 27,659
EBITDA 1 -1,464 1,457 3,982 3,586 3,124 3,209 3,798 4,371
EBIT 1 -3,049 -187 2,279 1,263 918 975.2 1,428 1,948
Net income 1 -3,602 -1,700 2,276 1,720 644 484.5 657.2 968
Net Debt 1 7,721 7,495 5,311 4,918 5,411 6,621 6,729 5,586
Reference price 2 21.13 19.39 18.69 22.26 19.29 23.68 23.68 23.68
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.($)
12.79x0.53x4.13x-.--% 4.69B
13.98x0.97x7.4x0.89% 56.37B
10.71x0.86x6.74x-.--% 39.32B
13.64x1.52x6.68x1.79% 31.42B
9.32x0.85x4.05x1.93% 27.22B
-366.94x2.71x14.29x0.19% 21.13B
27.98x1.25x6.23x3.43% 18.69B
11.42x1.21x4.88x3.06% 15.41B
-13.38x1.53x9.92x-.--% 13.28B
8.69x0.41x4.07x3.46% 12.47B
Average -27.18x 1.18x 6.84x 1.47% 24B
Weighted average by Cap. -21.55x 1.19x 7.08x 1.32%

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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  4. Valuation Air Canada