INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 176.3 GBX | +0.09% |
|
+4.01% | +13.74% |
| 04-26 | National Bank Previews Lifecos' Q1, Cuts IAG Q1 Forecast by 5% | MT |
| 04-26 | EU antitrust regulators warn IAG, Air Europa deal may reduce competition | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 14,667 | 8,880 | 8,410 | 6,931 | 8,783 | 10,116 | - | - |
| Enterprise Value (EV) 1 | 22,238 | 18,642 | 20,077 | 17,316 | 18,028 | 18,541 | 18,137 | 17,981 |
| P/E ratio | 8.55 x | -0.91 x | -2.87 x | 22.9 x | 3.53 x | 4.75 x | 4.3 x | 4.11 x |
| Yield | 1.96% | - | - | - | - | 2.56% | 3.73% | 4.14% |
| Capitalization / Revenue | 0.58 x | 1.14 x | 0.99 x | 0.3 x | 0.3 x | 0.32 x | 0.31 x | 0.3 x |
| EV / Revenue | 0.87 x | 2.39 x | 2.37 x | 0.75 x | 0.61 x | 0.59 x | 0.56 x | 0.53 x |
| EV / EBITDA | 4.12 x | -8.23 x | -19.7 x | 5.24 x | 3.24 x | 3.25 x | 2.95 x | 2.76 x |
| EV / FCF | 41.4 x | -3.56 x | -22.7 x | 9.64 x | - | 20.7 x | 17.7 x | 16.5 x |
| FCF Yield | 2.41% | -28.1% | -4.41% | 10.4% | - | 4.82% | 5.65% | 6.05% |
| Price to Book | 2.15 x | 6.78 x | 10 x | 3.44 x | - | 1.9 x | 1.39 x | 1.07 x |
| Nbr of stocks (in thousands) | 1,984,330 | 4,966,379 | 4,961,189 | 4,954,313 | 4,915,537 | 4,917,977 | - | - |
| Reference price 2 | 7.391 | 1.788 | 1.695 | 1.399 | 1.787 | 2.057 | 2.057 | 2.057 |
| Announcement Date | 20-02-28 | 21-02-26 | 22-02-25 | 23-02-24 | 24-02-29 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 25,506 | 7,806 | 8,455 | 23,066 | 29,453 | 31,179 | 32,392 | 33,991 |
| EBITDA 1 | 5,396 | -2,266 | -1,017 | 3,303 | 5,570 | 5,706 | 6,144 | 6,508 |
| EBIT 1 | 3,285 | -4,365 | -2,970 | 1,225 | 3,507 | 3,482 | 3,775 | 4,018 |
| Operating Margin | 12.88% | -55.92% | -35.13% | 5.31% | 11.91% | 11.17% | 11.65% | 11.82% |
| Earnings before Tax (EBT) 1 | 2,275 | -7,810 | -3,507 | 415 | 3,056 | 2,822 | 3,080 | 3,222 |
| Net income 1 | 1,715 | -6,923 | -2,933 | 431 | 2,655 | 2,218 | 2,467 | 2,629 |
| Net margin | 6.72% | -88.69% | -34.69% | 1.87% | 9.01% | 7.11% | 7.62% | 7.73% |
| EPS 2 | 0.8640 | -1.962 | -0.5910 | 0.0610 | 0.5060 | 0.4329 | 0.4786 | 0.5007 |
| Free Cash Flow 1 | 537 | -5,235 | -885 | 1,797 | - | 894.4 | 1,025 | 1,088 |
| FCF margin | 2.11% | -67.06% | -10.47% | 7.79% | - | 2.87% | 3.17% | 3.2% |
| FCF Conversion (EBITDA) | 9.95% | - | - | 54.41% | - | 15.68% | 16.69% | 16.73% |
| FCF Conversion (Net income) | 31.31% | - | - | 416.94% | - | 40.33% | 41.56% | 41.4% |
| Dividend per Share 2 | 0.1450 | - | - | - | - | 0.0528 | 0.0767 | 0.0851 |
| Announcement Date | 20-02-28 | 21-02-26 | 22-02-25 | 23-02-24 | 24-02-29 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,288 | 2,212 | 2,709 | 3,534 | 3,435 | 5,916 | 9,351 | 7,329 | 6,386 | 5,889 | 7,694 | 13,583 | 8,646 | 7,224 | 6,398 | 8,251 | 9,162 | 7,583 | - |
| EBITDA 1 | -786 | -1,260 | -8 | 251 | -223 | 771 | 548 | 1,722 | 1,025 | 495 | 1,748 | 2,243 | 2,554 | 1,057 | 572.5 | 1,734 | 2,307 | 1,240 | - |
| EBIT 1 | -1,900 | -2,180 | -485 | -305 | -754 | 287 | -467 | 1,206 | 486 | 9 | 1,251 | 1,260 | 1,745 | 502 | 42.29 | 1,164 | 1,745 | 642.1 | - |
| Operating Margin | -35.93% | -98.55% | -17.9% | -8.63% | -21.95% | 4.85% | -4.99% | 16.46% | 7.61% | 0.15% | 16.26% | 9.28% | 20.18% | 6.95% | 0.66% | 14.11% | 19.05% | 8.47% | - |
| Earnings before Tax (EBT) 1 | -4,206 | -2,336 | -714 | -457 | -916 | 73 | -843 | 1,009 | 249 | -121 | 1,158 | 1,037 | 1,578 | 441 | -106.8 | 995 | 1,607 | 437 | - |
| Net income 1 | -3,806 | -2,048 | -574 | -311 | -787 | 133 | -654 | 853 | 232 | -87 | 1,008 | 921 | 1,230 | 504 | -89.04 | 805.1 | 1,229 | 352.1 | - |
| Net margin | -71.97% | -92.59% | -21.19% | -8.8% | -22.91% | 2.25% | -6.99% | 11.64% | 3.63% | -1.48% | 13.1% | 6.78% | 14.23% | 6.98% | -1.39% | 9.76% | 13.42% | 4.64% | - |
| EPS 2 | - | - | -0.1156 | -0.0630 | -0.1590 | 0.0270 | - | - | 0.0210 | - | 0.1940 | - | 0.2307 | 0.0993 | -0.0186 | 0.1534 | 0.2213 | 0.0662 | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.0588 | - |
| Announcement Date | 20-07-31 | 21-07-30 | 21-11-05 | 22-02-25 | 22-05-06 | 22-07-29 | 22-07-29 | 22-10-28 | 23-02-24 | 23-05-05 | 23-07-28 | 23-07-28 | 23-10-27 | 24-02-29 | - | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 7,571 | 9,762 | 11,667 | 10,385 | 9,245 | 8,425 | 8,021 | 7,865 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.403 x | -4.308 x | -11.47 x | 3.144 x | 1.66 x | 1.477 x | 1.305 x | 1.209 x |
| Free Cash Flow 1 | 537 | -5,235 | -885 | 1,797 | - | 894 | 1,025 | 1,089 |
| ROE (net income / shareholders' equity) | 25.3% | -106% | -249% | 28.2% | - | 48.3% | 36.1% | 29.6% |
| ROA (Net income/ Total Assets) | 5.39% | -13.2% | -9.39% | 1.09% | - | 5.82% | 6.25% | 6.18% |
| Assets 1 | 31,847 | 52,595 | 31,243 | 39,513 | - | 38,114 | 39,480 | 42,509 |
| Book Value Per Share 2 | 3.440 | 0.2600 | 0.1700 | 0.4100 | - | 1.080 | 1.480 | 1.920 |
| Cash Flow per Share 2 | 1.940 | -0.9300 | -0.0300 | 0.9000 | - | 1.000 | 1.050 | 0.8400 |
| Capex 1 | 3,465 | 1,939 | 744 | 3,875 | 3,544 | 3,766 | 4,029 | 4,334 |
| Capex / Sales | 13.59% | 24.84% | 8.8% | 16.8% | 12.03% | 12.08% | 12.44% | 12.75% |
| Announcement Date | 20-02-28 | 21-02-26 | 22-02-25 | 23-02-24 | 24-02-29 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
2.057
EUR
Average target price
2.659
EUR
Spread / Average Target
+29.27%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +13.74% | 10.8B | |
| +24.09% | 32.01B | |
| +6.68% | 24.77B | |
| -0.30% | 19.86B | |
| +32.63% | 18.21B | |
| +28.07% | 17.37B | |
| -16.19% | 14.84B | |
| +38.67% | 13.47B | |
| -14.20% | 12.32B | |
| -2.58% | 10.28B |
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- Financials International Consolidated Airlines Group, S.A.
