Company Valuation: Air France-KLM

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,483 3,163 3,570 2,134 3,037 3,056 - -
Change - 27.38% 12.87% -40.23% 42.36% 0.6% - -
Enterprise Value (EV) 1 10,699 9,500 8,611 9,466 11,429 12,318 12,509 12,389
Change - -11.21% -9.36% 9.93% 20.75% 7.77% 1.56% -0.96%
P/E -0.65x 3.97x 3.32x 8.74x 2.1x 3.81x 2.62x 2.2x
PBR -0.65x -0.8x -1.74x -1.21x 10.2x 3.09x 1.5x 0.84x
PEG - -0x 0.1x -0.1x 0x -0.1x 0.1x 0.1x
Capitalization / Revenue 0.17x 0.12x 0.12x 0.07x 0.09x 0.09x 0.08x 0.08x
EV / Revenue 0.75x 0.36x 0.29x 0.3x 0.35x 0.35x 0.34x 0.33x
EV / EBITDA 14.4x 2.63x 2.05x 2.23x 2.26x 2.46x 2.28x 2.06x
EV / EBIT -6.58x 7.96x 5.03x 5.91x 5.7x 6.82x 5.84x 5.01x
EV / FCF 46.3x 5.04x -20.2x 34.9x 11.1x 216x 26.3x 15.4x
FCF Yield 2.16% 19.8% -4.95% 2.86% 9.01% 0.46% 3.8% 6.48%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -59.5 3.1 4.1 0.93 5.5 3.056 4.433 5.291
Distribution rate - - - - - - - -
Net sales 1 14,315 26,393 30,019 31,459 33,007 35,207 36,721 38,085
EBITDA 1 745 3,615 4,208 4,244 5,058 5,015 5,486 6,002
EBIT 1 -1,626 1,193 1,712 1,601 2,004 1,807 2,144 2,474
Net income 1 -3,292 728 934 317 1,593 824.6 1,169 1,443
Net Debt 1 8,216 6,337 5,041 7,332 8,392 9,262 9,454 9,333
Reference price 2 38.71 12.31 13.59 8.12 11.56 11.64 11.64 11.64
Nbr of stocks (in thousands) 64,143 256,933 262,649 262,626 262,626 262,622 - -
Announcement Date 2/17/22 2/17/23 2/29/24 3/6/25 2/19/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.64x0.9x6.99x0.95% 52.27B
10.29x0.78x6.46x-.--% 35.65B
12.97x1.32x5.97x1.93% 27.51B
8.02x0.79x3.72x2.24% 25B
65.58x2.26x13.14x0.07% 20.13B
27.55x1.08x5.74x3.73% 16.56B
-10.8x1.61x11.25x-.--% 15.87B
-12.07x1.59x10.38x-.--% 11.7B
7.75x0.93x4.62x6.17% 10.76B
Average 13.55x 1.25x 7.59x 1.68% 23.94B
Weighted average by Cap. 14.54x 1.15x 7.25x 1.34%

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

40% Discount: Identify Tomorrow's Best Investments With The Best Subscriber-Only Tools!
d
:
:
SEIZE THE OFFER!