Valuation Air France-KLM

Equities

Market Closed - Euronext Paris Other stock markets 11:55:00 2026-01-23 EST			After hours 15:59:59
10.68 ^EUR	-3.22%		10.77	+0.80%

06:13am	Elon Musk's Starlink: A must-have for airlines, or a costly perk?	RE
01-21	Air France-KLM CEO: No impact so far on North American business from current transatlantic tensions	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	2,188	2,483	3,163	3,570	2,134	2,899	2,899	-
Change	-	13.46%	27.38%	12.87%	-40.23%	35.89%	0%	-
Enterprise Value (EV) ¹	13,237	10,699	9,500	8,611	9,466	12,040	12,171	11,944
Change	-	-19.18%	-11.21%	-9.36%	9.93%	27.2%	1.09%	-1.87%
P/E ratio	-0.31x	-0.65x	3.97x	3.32x	8.74x	2.97x	2.65x	2.29x
PBR	-0.4x	-0.65x	-0.8x	-1.74x	-1.21x	-4.08x	4.56x	1.48x
PEG	-	0x	-0x	0.1x	-0.1x	0x	0.2x	0.1x
Capitalization / Revenue	0.2x	0.17x	0.12x	0.12x	0.07x	0.09x	0.08x	0.08x
EV / Revenue	1.19x	0.75x	0.36x	0.29x	0.3x	0.37x	0.35x	0.33x
EV / EBITDA	-7.84x	14.4x	2.63x	2.05x	2.23x	2.5x	2.32x	2.11x
EV / EBIT	-2.91x	-6.58x	7.96x	5.03x	5.91x	6.33x	5.53x	4.88x
EV / FCF	-2.69x	46.3x	5.04x	-20.2x	34.9x	13.1x	12.1x	11.1x
FCF Yield	-37.2%	2.16%	19.8%	-4.95%	2.86%	7.62%	8.27%	9.04%
Dividend per Share ²	-	-	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-	-	-
EPS ²	-165.6	-59.5	3.1	4.1	0.93	3.721	4.16	4.828
Distribution rate	-	-	-	-	-	-	-	-
Net sales ¹	11,088	14,315	26,393	30,019	31,459	32,903	34,372	36,229
EBITDA ¹	-1,689	745	3,615	4,208	4,244	4,825	5,241	5,671
EBIT ¹	-4,548	-1,626	1,193	1,712	1,601	1,903	2,203	2,448
Net income ¹	-7,078	-3,292	728	934	317	1,056	1,147	1,314
Net Debt ¹	11,049	8,216	6,337	5,041	7,332	9,140	9,272	9,044
Reference price ²	51.20	38.71	12.31	13.59	8.12	11.04	11.04	11.04
Nbr of stocks (in thousands)	42,743	64,143	256,933	262,649	262,626	262,626	262,626	-
Announcement Date	2/18/21	2/17/22	2/17/23	2/29/24	3/6/25	-	-	-

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	2.97x	0.37x	2.5x	-.--%	3.41B
DELTA AIR LINES, INC.	9.4x	0.97x	7.09x	1%	44.72B
UNITED AIRLINES HOLDINGS, INC.	11.05x	0.92x	6.71x	-.--%	35.74B
RYANAIR HOLDINGS PLC	13.99x	1.88x	7.69x	1.59%	36.28B
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	7.3x	0.89x	3.91x	2.16%	26.51B
AIR CHINA LIMITED	144.91x	1.95x	10.04x	0.14%	20.66B
INTERGLOBE AVIATION LIMITED	67.14x	2.5x	12.03x	0.24%	20.72B
CHINA SOUTHERN AIRLINES COMPANY LIMITED	141.6x	1.92x	9.22x	-.--%	18.87B
CHINA EASTERN AIRLINES CORPORATION LIMITED	148.01x	2.2x	10.05x	0.05%	18.59B
LATAM AIRLINES GROUP S.A.	13.5x	1.67x	5.94x	3.96%	18.63B
Average	55.99x	1.53x	7.52x	0.91%	24.41B
Weighted average by Cap.	47.46x	1.51x	7.69x	0.99%