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 6,957 - -
Change - -7.91% -3.78% 16.11% -26.69% 21.98% - -
Enterprise Value (EV) 1 15,282 14,458 12,011 12,697 11,114 13,456 13,464 12,543
Change - -5.39% -16.93% 5.72% -12.47% 21.07% 0.05% -6.84%
P/E -2.06x -4.08x 3.14x 4.87x 10.4x 13.9x 9.69x 7.09x
PBR 840x -4.47x 8.42x 3.17x 2.19x 2.47x 2.06x 1.56x
PEG - 0.1x -0x -0.2x -0.2x -3.57x 0.2x 0.2x
Capitalization / Revenue 1.18x 0.42x 0.31x 0.35x 0.25x 0.28x 0.27x 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 4.23x 3.55x 2.87x
EV / EBIT -5.01x -77.3x 5.27x 10.1x 12.1x 14x 9.34x 6.44x
EV / FCF -5.8x 18.2x 4.36x 9.81x 14.9x 36.7x 37.5x 9.28x
FCF Yield -17.2% 5.51% 22.9% 10.2% 6.72% 2.73% 2.67% 10.8%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -10.25 -4.75 5.96 4.574 1.86 1.788 2.564 3.502
Distribution rate - - - - - - - -
Net sales 1 6,400 16,556 21,833 22,255 22,372 24,865 25,926 27,659
EBITDA 1 -1,464 1,457 3,982 3,586 3,124 3,184 3,798 4,371
EBIT 1 -3,049 -187 2,279 1,263 918 959.7 1,442 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 6,500 6,507 5,586
Reference price 2 21.13 19.39 18.69 22.26 19.29 24.84 24.84 24.84
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.24x1.01x8.11x0.88% 57.91B
11.86x0.89x7.01x-.--% 41.65B
14.35x1.6x7.03x1.71% 32.94B
9.5x0.87x4.21x1.86% 28.35B
-378.56x2.78x14.69x0.19% 21.98B
25.81x1.28x6.21x3.5% 19.08B
12.06x1.26x5.09x2.89% 16.27B
-14.34x1.55x10.05x-.--% 13.86B
9.5x0.43x4.3x3.17% 13.55B
Average -32.62x 1.30x 7.41x 1.58% 27.29B
Weighted average by Cap. -22.50x 1.25x 7.47x 1.31%

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