Valuation Air France-KLM

Equities

Real-time Euronext Paris Other stock markets 03:51:52 2026-04-15 EDT			5-day change	1st Jan Change
10.16 ^EUR	+0.40%		+2.94%	-12.06%

01:59am	AIR FRANCE-KLM : JP Morgan maintains a Buy rating	ZD
04-14	Airlines cancel flights amid Middle East conflict	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	2,483	3,163	3,570	2,134	3,037	2,658	-	-
Change	-	27.38%	12.87%	-40.23%	42.36%	-12.5%	-	-
Enterprise Value (EV) ¹	10,699	9,500	8,611	9,466	11,429	12,497	12,532	12,323
Change	-	-11.21%	-9.36%	9.93%	20.75%	9.34%	0.28%	-1.67%
P/E ratio	-0.65x	3.97x	3.32x	8.74x	2.1x	2.48x	2.02x	1.76x
PBR	-0.65x	-0.8x	-1.74x	-1.21x	10.2x	1.81x	1.03x	0.66x
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	0.08x	0.07x	0.07x
EV / Revenue	0.75x	0.36x	0.29x	0.3x	0.35x	0.36x	0.34x	0.32x
EV / EBITDA	14.4x	2.63x	2.05x	2.23x	2.26x	2.48x	2.25x	2.02x
EV / EBIT	-6.58x	7.96x	5.03x	5.91x	5.7x	6.52x	5.51x	4.77x
EV / FCF	46.3x	5.04x	-20.2x	34.9x	11.1x	13.5x	17.3x	12.7x
FCF Yield	2.16%	19.8%	-4.95%	2.86%	9.01%	7.4%	5.78%	7.86%
Dividend per Share ²	-	-	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-	-	-
EPS ²	-59.5	3.1	4.1	0.93	5.5	4.081	5.015	5.751
Distribution rate	-	-	-	-	-	-	-	-
Net sales ¹	14,315	26,393	30,019	31,459	33,007	34,910	36,746	38,187
EBITDA ¹	745	3,615	4,208	4,244	5,058	5,030	5,559	6,086
EBIT ¹	-1,626	1,193	1,712	1,601	2,004	1,918	2,275	2,582
Net income ¹	-3,292	728	934	317	1,593	974.2	1,232	1,477
Net Debt ¹	8,216	6,337	5,041	7,332	8,392	9,840	9,874	9,665
Reference price ²	38.71	12.31	13.59	8.12	11.56	10.12	10.12	10.12
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

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
AIR FRANCE-KLM	2.48x	0.36x	2.48x	-.--%	3.14B
DELTA AIR LINES, INC.	13.8x	0.88x	7.5x	1.08%	46.85B
RYANAIR HOLDINGS PLC	12.69x	1.62x	6.67x	1.79%	32.13B
UNITED AIRLINES HOLDINGS, INC.	9x	0.77x	6.17x	-.--%	31.56B
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	6.62x	0.74x	3.37x	2.46%	24.19B
INTERGLOBE AVIATION LIMITED	423.23x	2.32x	12.32x	0.23%	18.39B
SINGAPORE AIRLINES LIMITED	18.87x	1.29x	5.83x	4.1%	16.37B
AIR CHINA LIMITED	-11.41x	1.72x	12.46x	-.--%	15.75B
CHINA SOUTHERN AIRLINES COMPANY LIMITED	-98.19x	1.64x	9.94x	0.17%	13.8B
CHINA EASTERN AIRLINES CORPORATION LIMITED	-16.42x	1.69x	10.23x	-.--%	13.5B
Average	36.07x	1.30x	7.70x	0.98%	21.57B
Weighted average by Cap.	36.35x	1.26x	7.62x	1.12%