AIR FRANCE-KLM (1AF.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:1AF • FR001400J770

10.65 EUR
+0.06 (+0.57%)
Last: Jan 23, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to 1AF. 1AF was compared to 14 industry peers in the Passenger Airlines industry. 1AF has a medium profitability rating, but doesn't score so well on its financial health evaluation. A decent growth rate in combination with a cheap valuation! Better keep an eye on 1AF.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • 1AF had positive earnings in the past year.
  • In the past year 1AF had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: 1AF reported negative net income in multiple years.
  • Of the past 5 years 1AF 4 years had a positive operating cash flow.
1AF.MI Yearly Net Income VS EBIT VS OCF VS FCF1AF.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B -4B -6B

1.2 Ratios

  • With a Return On Assets value of 2.46%, 1AF is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
  • The Return On Equity of 1AF (1248.68%) is better than 100.00% of its industry peers.
  • 1AF's Return On Invested Capital of 7.89% is fine compared to the rest of the industry. 1AF outperforms 64.29% of its industry peers.
  • 1AF had an Average Return On Invested Capital over the past 3 years of 6.06%. This is below the industry average of 8.78%.
  • The last Return On Invested Capital (7.89%) for 1AF is above the 3 year average (6.06%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.46%
ROE 1248.68%
ROIC 7.89%
ROA(3y)1.58%
ROA(5y)-6%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)6.06%
ROIC(5y)N/A
1AF.MI Yearly ROA, ROE, ROIC1AF.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 100

1.3 Margins

  • With a Profit Margin value of 2.90%, 1AF is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
  • 1AF's Profit Margin has declined in the last couple of years.
  • 1AF's Operating Margin of 6.12% is in line compared to the rest of the industry. 1AF outperforms 50.00% of its industry peers.
  • In the last couple of years the Operating Margin of 1AF has grown nicely.
  • 1AF has a Gross Margin of 45.30%. This is comparable to the rest of the industry: 1AF outperforms 57.14% of its industry peers.
  • In the last couple of years the Gross Margin of 1AF has remained more or less at the same level.
Industry RankSector Rank
OM 6.12%
PM (TTM) 2.9%
GM 45.3%
OM growth 3YN/A
OM growth 5Y3.22%
PM growth 3YN/A
PM growth 5Y-5.03%
GM growth 3Y0.72%
GM growth 5Y-1.01%
1AF.MI Yearly Profit, Operating, Gross Margins1AF.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 -60

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • 1AF has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for 1AF remains at a similar level compared to 1 year ago.
  • 1AF has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for 1AF is higher compared to a year ago.
1AF.MI Yearly Shares Outstanding1AF.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
1AF.MI Yearly Total Debt VS Total Assets1AF.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

  • 1AF has an Altman-Z score of 0.55. This is a bad value and indicates that 1AF is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of 1AF (0.55) is worse than 71.43% of its industry peers.
  • The Debt to FCF ratio of 1AF is 17.97, which is on the high side as it means it would take 1AF, 17.97 years of fcf income to pay off all of its debts.
  • 1AF has a worse Debt to FCF ratio (17.97) than 64.29% of its industry peers.
  • A Debt/Equity ratio of 163.37 is on the high side and indicates that 1AF has dependencies on debt financing.
  • 1AF has a Debt to Equity ratio of 163.37. This is in the lower half of the industry: 1AF underperforms 71.43% of its industry peers.
Industry RankSector Rank
Debt/Equity 163.37
Debt/FCF 17.97
Altman-Z 0.55
ROIC/WACC1.33
WACC5.91%
1AF.MI Yearly LT Debt VS Equity VS FCF1AF.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B -5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 0.65 indicates that 1AF may have some problems paying its short term obligations.
  • 1AF has a Current ratio (0.65) which is in line with its industry peers.
  • A Quick Ratio of 0.60 indicates that 1AF may have some problems paying its short term obligations.
  • 1AF has a Quick ratio of 0.60. This is comparable to the rest of the industry: 1AF outperforms 50.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.65
Quick Ratio 0.6
1AF.MI Yearly Current Assets VS Current Liabilites1AF.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • 1AF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 209.52%, which is quite impressive.
  • The earnings per share for 1AF have been decreasing by -24.31% on average. This is quite bad
  • 1AF shows a small growth in Revenue. In the last year, the Revenue has grown by 5.52%.
  • 1AF shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.96% yearly.
EPS 1Y (TTM)209.52%
EPS 3YN/A
EPS 5Y-24.31%
EPS Q2Q%-15.15%
Revenue 1Y (TTM)5.52%
Revenue growth 3Y30.01%
Revenue growth 5Y2.96%
Sales Q2Q%2.61%

3.2 Future

  • The Earnings Per Share is expected to grow by 35.70% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, 1AF will show a small growth in Revenue. The Revenue will grow by 3.20% on average per year.
EPS Next Y225.52%
EPS Next 2Y89.03%
EPS Next 3Y62.64%
EPS Next 5Y35.7%
Revenue Next Year5.04%
Revenue Next 2Y4.73%
Revenue Next 3Y5.06%
Revenue Next 5Y3.2%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
1AF.MI Yearly Revenue VS Estimates1AF.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B
1AF.MI Yearly EPS VS Estimates1AF.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 -20 -40 -60

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Find the best growth stocksShow best growing peers

9

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 3.28 indicates a rather cheap valuation of 1AF.
  • 100.00% of the companies in the same industry are more expensive than 1AF, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of 1AF to the average of the S&P500 Index (28.06), we can say 1AF is valued rather cheaply.
  • 1AF is valuated cheaply with a Price/Forward Earnings ratio of 2.61.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of 1AF indicates a rather cheap valuation: 1AF is cheaper than 100.00% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.86, 1AF is valued rather cheaply.
Industry RankSector Rank
PE 3.28
Fwd PE 2.61
1AF.MI Price Earnings VS Forward Price Earnings1AF.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 71.43% of the companies in the same industry are more expensive than 1AF, based on the Enterprise Value to EBITDA ratio.
  • 1AF's Price/Free Cash Flow ratio is rather cheap when compared to the industry. 1AF is cheaper than 100.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 3.37
EV/EBITDA 3.62
1AF.MI Per share data1AF.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80 100

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • 1AF's earnings are expected to grow with 62.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.01
PEG (5Y)N/A
EPS Next 2Y89.03%
EPS Next 3Y62.64%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • 1AF does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

AIR FRANCE-KLM

BIT:1AF (1/23/2026, 7:00:00 PM)

10.65

+0.06 (+0.57%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)11-06
Earnings (Next)02-19
Inst Owners16.12%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap2.80B
Revenue(TTM)32.70B
Net Income(TTM)949.00M
Analysts69.6
Price Target11.74 (10.23%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend0
Dividend Growth(5Y)-58.45%
DP0.11%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)60.25%
Min EPS beat(2)-9.17%
Max EPS beat(2)129.67%
EPS beat(4)3
Avg EPS beat(4)51.5%
Min EPS beat(4)-9.17%
Max EPS beat(4)129.67%
EPS beat(8)4
Avg EPS beat(8)9.32%
EPS beat(12)7
Avg EPS beat(12)93.85%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-3.78%
Min Revenue beat(2)-4.58%
Max Revenue beat(2)-2.99%
Revenue beat(4)0
Avg Revenue beat(4)-2.09%
Min Revenue beat(4)-4.58%
Max Revenue beat(4)-0.23%
Revenue beat(8)0
Avg Revenue beat(8)-2.46%
Revenue beat(12)1
Avg Revenue beat(12)-2.09%
Revenue beat(16)4
Avg Revenue beat(16)-1.15%
PT rev (1m)-0.04%
PT rev (3m)-5%
EPS NQ rev (1m)143.11%
EPS NQ rev (3m)136.63%
EPS NY rev (1m)1.23%
EPS NY rev (3m)-2.2%
Revenue NQ rev (1m)-0.79%
Revenue NQ rev (3m)0.17%
Revenue NY rev (1m)-0.26%
Revenue NY rev (3m)-0.91%
Valuation
Industry RankSector Rank
PE 3.28
Fwd PE 2.61
P/S 0.09
P/FCF 3.37
P/OCF 0.56
P/B 36.82
P/tB N/A
EV/EBITDA 3.62
EPS(TTM)3.25
EY30.52%
EPS(NY)4.07
Fwd EY38.25%
FCF(TTM)3.16
FCFY29.69%
OCF(TTM)18.91
OCFY177.56%
SpS124.44
BVpS0.29
TBVpS-5
PEG (NY)0.01
PEG (5Y)N/A
Graham Number4.6
Profitability
Industry RankSector Rank
ROA 2.46%
ROE 1248.68%
ROCE 9.2%
ROIC 7.89%
ROICexc 7.89%
ROICexgc 8.43%
OM 6.12%
PM (TTM) 2.9%
GM 45.3%
FCFM 2.54%
ROA(3y)1.58%
ROA(5y)-6%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)6.06%
ROIC(5y)N/A
ROICexc(3y)9.52%
ROICexc(5y)N/A
ROICexgc(3y)10.72%
ROICexgc(5y)N/A
ROCE(3y)7.14%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y5.52%
ROICexc growth 3YN/A
ROICexc growth 5Y5.83%
OM growth 3YN/A
OM growth 5Y3.22%
PM growth 3YN/A
PM growth 5Y-5.03%
GM growth 3Y0.72%
GM growth 5Y-1.01%
F-Score5
Asset Turnover0.85
Health
Industry RankSector Rank
Debt/Equity 163.37
Debt/FCF 17.97
Debt/EBITDA 2.53
Cap/Depr 142.84%
Cap/Sales 12.65%
Interest Coverage 2.96
Cash Conversion 101.43%
Profit Quality 87.57%
Current Ratio 0.65
Quick Ratio 0.6
Altman-Z 0.55
F-Score5
WACC5.91%
ROIC/WACC1.33
Cap/Depr(3y)135.34%
Cap/Depr(5y)114.46%
Cap/Sales(3y)11.65%
Cap/Sales(5y)13.85%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)209.52%
EPS 3YN/A
EPS 5Y-24.31%
EPS Q2Q%-15.15%
EPS Next Y225.52%
EPS Next 2Y89.03%
EPS Next 3Y62.64%
EPS Next 5Y35.7%
Revenue 1Y (TTM)5.52%
Revenue growth 3Y30.01%
Revenue growth 5Y2.96%
Sales Q2Q%2.61%
Revenue Next Year5.04%
Revenue Next 2Y4.73%
Revenue Next 3Y5.06%
Revenue Next 5Y3.2%
EBIT growth 1Y118.32%
EBIT growth 3YN/A
EBIT growth 5Y6.27%
EBIT Next Year257.06%
EBIT Next 3Y61.49%
EBIT Next 5Y34.93%
FCF growth 1Y36.01%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y30.25%
OCF growth 3Y31.6%
OCF growth 5Y-2.14%

AIR FRANCE-KLM / 1AF.MI FAQ

What is the ChartMill fundamental rating of AIR FRANCE-KLM (1AF.MI) stock?

ChartMill assigns a fundamental rating of 4 / 10 to 1AF.MI.


What is the valuation status of AIR FRANCE-KLM (1AF.MI) stock?

ChartMill assigns a valuation rating of 9 / 10 to AIR FRANCE-KLM (1AF.MI). This can be considered as Undervalued.


Can you provide the profitability details for AIR FRANCE-KLM?

AIR FRANCE-KLM (1AF.MI) has a profitability rating of 4 / 10.


What are the PE and PB ratios of AIR FRANCE-KLM (1AF.MI) stock?

The Price/Earnings (PE) ratio for AIR FRANCE-KLM (1AF.MI) is 3.28 and the Price/Book (PB) ratio is 36.82.


Can you provide the financial health for 1AF stock?

The financial health rating of AIR FRANCE-KLM (1AF.MI) is 1 / 10.