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 6,374 - -
Change - -7.91% -3.78% 16.11% -26.69% 11.77% - -
Enterprise Value (EV) 1 15,282 14,458 12,011 12,697 11,114 11,795 12,166 11,931
Change - -5.39% -16.93% 5.72% -12.47% 6.13% 3.15% -1.93%
P/E -2.06x -4.08x 3.14x 4.87x 10.4x 32.2x 10.8x 5.9x
PBR 840x -4.47x 8.42x 3.17x 2.19x 1.44x 1.25x 1.04x
PEG - 0.1x -0x -0.2x -0.2x -0.5x 0x 0.1x
Capitalization / Revenue 1.18x 0.42x 0.31x 0.35x 0.25x 0.25x 0.24x 0.22x
EV / Revenue 2.39x 0.87x 0.55x 0.57x 0.5x 0.47x 0.46x 0.42x
EV / EBITDA -10.4x 9.92x 3.02x 3.54x 3.56x 3.97x 3.34x 2.7x
EV / EBIT -5.01x -77.3x 5.27x 10.1x 12.1x 19.1x 10.4x 6.68x
EV / FCF -5.8x 18.2x 4.36x 9.81x 14.9x 23.6x 48x 9.8x
FCF Yield -17.2% 5.51% 22.9% 10.2% 6.72% 4.23% 2.08% 10.2%
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 25,304 26,668 28,380
EBITDA 1 -1,464 1,457 3,982 3,586 3,124 2,973 3,642 4,425
EBIT 1 -3,049 -187 2,279 1,263 918 617.8 1,173 1,787
Net income 1 -3,602 -1,700 2,276 1,720 644 200.2 543.7 1,040
Net Debt 1 7,721 7,495 5,311 4,918 5,411 5,421 5,792 5,557
Reference price 2 21.13 19.39 18.69 22.26 19.29 22.76 22.76 22.76
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.($)
32.21x0.47x3.97x-.--% 4.47B
15.13x0.91x7.92x0.94% 53.74B
11.56x0.77x7.32x-.--% 34.88B
13.49x1.33x6.11x1.89% 26.71B
7.9x0.79x3.8x2.18% 24.24B
15.65x0.76x7.28x1.73% 20.38B
67.14x2.19x13.17x0.07% 19.31B
29.66x1.06x5.66x3.76% 16.16B
-10.42x1.6x11.18x-.--% 15.74B
9.97x1.14x4.7x3.29% 14.31B
Average 19.23x 1.10x 7.11x 1.39% 22.99B
Weighted average by Cap. 17.33x 1.08x 7.36x 1.3%

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
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