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 6,324 - -
Change - -7.91% -3.78% 16.11% -26.69% 10.88% - -
Enterprise Value (EV) 1 15,282 14,458 12,011 12,697 11,114 12,999 13,102 11,903
Change - -5.39% -16.93% 5.72% -12.47% 16.96% 0.79% -9.15%
P/E -2.06x -4.08x 3.14x 4.87x 10.4x 12.2x 9.05x 6.45x
PBR 840x -4.47x 8.42x 3.17x 2.19x 2.17x 1.81x 1.39x
PEG - 0.1x -0x -0.2x -0.2x -28.37x 0.3x 0.2x
Capitalization / Revenue 1.18x 0.42x 0.31x 0.35x 0.25x 0.25x 0.24x 0.23x
EV / Revenue 2.39x 0.87x 0.55x 0.57x 0.5x 0.52x 0.51x 0.43x
EV / EBITDA -10.4x 9.92x 3.02x 3.54x 3.56x 4.03x 3.44x 2.72x
EV / EBIT -5.01x -77.3x 5.27x 10.1x 12.1x 13.3x 9.18x 6.11x
EV / FCF -5.8x 18.2x 4.36x 9.81x 14.9x 25.1x 27.6x 10.9x
FCF Yield -17.2% 5.51% 22.9% 10.2% 6.72% 3.98% 3.62% 9.14%
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 24,812 25,909 27,636
EBITDA 1 -1,464 1,457 3,982 3,586 3,124 3,226 3,805 4,381
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 6,676 6,778 5,579
Reference price 2 21.13 19.39 18.69 22.26 19.29 22.58 22.58 22.58
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.($)
12.19x0.52x4.03x-.--% 4.51B
13.11x0.95x7.16x0.91% 55.05B
9.98x0.82x6.52x-.--% 37.46B
13.45x1.5x6.59x1.8% 31.19B
8.32x0.82x3.89x2.03% 26.38B
-368.28x2.71x14.34x0.19% 21.07B
28.73x1.24x6.29x3.42% 18.67B
-13.17x1.5x9.93x-.--% 13.21B
8.47x0.41x3.99x3.55% 12.35B
-118.64x1.48x8.47x-.--% 11.83B
Average -40.58x 1.20x 7.12x 1.19% 23.17B
Weighted average by Cap. -29.81x 1.19x 7.18x 1.17%

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

  1. Stock Market
  2. Stocks
  3. AC Stock
  4. Valuation Air Canada