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

BIT:1AF • FR001400J770

Current stock price

9.998 EUR
-0.22 (-2.17%)
Last:

This 1AF.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. 1AF.MI Profitability Analysis

1.1 Basic Checks

  • 1AF had positive earnings in the past year.
  • 1AF had a positive operating cash flow in the past year.
  • Of the past 5 years 1AF 4 years were profitable.
  • 1AF had a positive operating cash flow in each of the past 5 years.
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 2025 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: 76.47% of the companies in the same industry are doing better.
  • Looking at the Return On Equity, with a value of 1248.68%, 1AF belongs to the top of the industry, outperforming 88.24% of the companies in the same industry.
  • With a Return On Invested Capital value of 8.24%, 1AF perfoms like the industry average, outperforming 58.82% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for 1AF is below the industry average of 9.59%.
  • The last Return On Invested Capital (8.24%) for 1AF is above the 3 year average (7.39%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.46%
ROE 1248.68%
ROIC 8.24%
ROA(3y)2.27%
ROA(5y)-0.52%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)7.39%
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 2025 0 100 200 300 400 500

1.3 Margins

  • With a Profit Margin value of 2.90%, 1AF is not doing good in the industry: 76.47% of the companies in the same industry are doing better.
  • 1AF's Profit Margin has improved in the last couple of years.
  • 1AF has a Operating Margin of 6.12%. This is in the lower half of the industry: 1AF underperforms 64.71% of its industry peers.
  • 1AF's Operating Margin has improved in the last couple of years.
  • 1AF has a Gross Margin of 45.30%. This is in the lower half of the industry: 1AF underperforms 64.71% of its industry peers.
  • 1AF's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 6.12%
PM (TTM) 2.9%
GM 45.3%
OM growth 3Y16.08%
OM growth 5YN/A
PM growth 3Y27.5%
PM growth 5YN/A
GM growth 3Y2.43%
GM growth 5Y6.03%
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 2025 0 20 -20 40 -40 -60

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2

2. 1AF.MI Health Analysis

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.
  • Compared to 1 year ago, 1AF has about the same amount of shares outstanding.
  • Compared to 5 years ago, 1AF has more shares outstanding
  • 1AF has a better debt/assets ratio than last year.
1AF.MI Yearly Shares Outstanding1AF.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 10B 20B 30B

2.2 Solvency

  • Based on the Altman-Z score of 0.54, we must say that 1AF is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of 1AF (0.54) is worse than 64.71% of its industry peers.
  • 1AF has a debt to FCF ratio of 17.97. This is a negative value and a sign of low solvency as 1AF would need 17.97 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 17.97, 1AF perfoms like the industry average, outperforming 47.06% of the companies in the same industry.
  • 1AF has a Debt/Equity ratio of 163.37. This is a high value indicating a heavy dependency on external financing.
  • 1AF has a worse Debt to Equity ratio (163.37) than 76.47% of its industry peers.
Industry RankSector Rank
Debt/Equity 163.37
Debt/FCF 17.97
Altman-Z 0.54
ROIC/WACC1.46
WACC5.66%
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 2025 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 comparable to the rest of the industry.
  • A Quick Ratio of 0.60 indicates that 1AF may have some problems paying its short term obligations.
  • 1AF has a Quick ratio (0.60) which is comparable to the rest of the industry.
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 2025 5B 10B 15B

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

6

3. 1AF.MI Growth Analysis

3.1 Past

  • 1AF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 411.40%, which is quite impressive.
  • Measured over the past years, 1AF shows a very strong growth in Earnings Per Share. The EPS has been growing by 21.56% on average per year.
  • Looking at the last year, 1AF shows a small growth in Revenue. The Revenue has grown by 4.92% in the last year.
  • Measured over the past years, 1AF shows a very strong growth in Revenue. The Revenue has been growing by 24.38% on average per year.
EPS 1Y (TTM)411.4%
EPS 3Y21.56%
EPS 5YN/A
EPS Q2Q%832.26%
Revenue 1Y (TTM)4.92%
Revenue growth 3Y7.74%
Revenue growth 5Y24.38%
Sales Q2Q%3.91%

3.2 Future

  • 1AF is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.86% yearly.
  • The Revenue is expected to grow by 3.38% on average over the next years.
EPS Next Y-33.56%
EPS Next 2Y-8.78%
EPS Next 3Y-1.56%
EPS Next 5Y0.86%
Revenue Next Year5.88%
Revenue Next 2Y5.5%
Revenue Next 3Y4.96%
Revenue Next 5Y3.38%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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 40B
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 2030 0 -20 -40 -60

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7

4. 1AF.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 1.71, the valuation of 1AF can be described as very cheap.
  • Based on the Price/Earnings ratio, 1AF is valued cheaper than 88.24% of the companies in the same industry.
  • 1AF is valuated cheaply when we compare the Price/Earnings ratio to 27.42, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 2.58, the valuation of 1AF can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, 1AF is valued cheaper than 88.24% of the companies in the same industry.
  • 1AF is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.24, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 1.71
Fwd PE 2.58
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

  • 1AF's Enterprise Value to EBITDA is on the same level as the industry average.
  • 1AF's Price/Free Cash Flow ratio is rather cheap when compared to the industry. 1AF is cheaper than 88.24% of the companies in the same industry.
Industry RankSector Rank
P/FCF 3.16
EV/EBITDA 3.58
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

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-8.78%
EPS Next 3Y-1.56%

More info and screens

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

0

5. 1AF.MI Dividend Analysis

5.1 Amount

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

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1AF.MI Fundamentals: All Metrics, Ratios and Statistics

AIR FRANCE-KLM

BIT:1AF (4/21/2026, 7:00:00 PM)

9.998

-0.22 (-2.17%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)02-19
Earnings (Next)04-30
Inst Owners17.35%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap2.63B
Revenue(TTM)33.01B
Net Income(TTM)949.00M
Analysts69.29
Price Target11.4 (14.02%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend0.01
Dividend Growth(5Y)N/A
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)-6.99%
PT rev (3m)-2.86%
EPS NQ rev (1m)0%
EPS NQ rev (3m)15.87%
EPS NY rev (1m)-11.22%
EPS NY rev (3m)-4.09%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.06%
Revenue NY rev (1m)1.12%
Revenue NY rev (3m)1.71%
Valuation
Industry RankSector Rank
PE 1.71
Fwd PE 2.58
P/S 0.08
P/FCF 3.16
P/OCF 0.53
P/B 34.57
P/tB N/A
EV/EBITDA 3.58
EPS(TTM)5.83
EY58.31%
EPS(NY)3.87
Fwd EY38.74%
FCF(TTM)3.16
FCFY31.63%
OCF(TTM)18.91
OCFY189.14%
SpS124.44
BVpS0.29
TBVpS-5
PEG (NY)N/A
PEG (5Y)N/A
Graham Number6.15949 (-38.39%)
Profitability
Industry RankSector Rank
ROA 2.46%
ROE 1248.68%
ROCE 9.2%
ROIC 8.24%
ROICexc 8.24%
ROICexgc 8.8%
OM 6.12%
PM (TTM) 2.9%
GM 45.3%
FCFM 2.54%
ROA(3y)2.27%
ROA(5y)-0.52%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)7.39%
ROIC(5y)N/A
ROICexc(3y)10.96%
ROICexc(5y)N/A
ROICexgc(3y)12.2%
ROICexgc(5y)N/A
ROCE(3y)8.32%
ROCE(5y)N/A
ROICexgc growth 3Y9.82%
ROICexgc growth 5YN/A
ROICexc growth 3Y11.1%
ROICexc growth 5YN/A
OM growth 3Y16.08%
OM growth 5YN/A
PM growth 3Y27.5%
PM growth 5YN/A
GM growth 3Y2.43%
GM growth 5Y6.03%
F-Score6
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 0.54
F-Score6
WACC5.66%
ROIC/WACC1.46
Cap/Depr(3y)143%
Cap/Depr(5y)128.92%
Cap/Sales(3y)12.39%
Cap/Sales(5y)12.76%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)411.4%
EPS 3Y21.56%
EPS 5YN/A
EPS Q2Q%832.26%
EPS Next Y-33.56%
EPS Next 2Y-8.78%
EPS Next 3Y-1.56%
EPS Next 5Y0.86%
Revenue 1Y (TTM)4.92%
Revenue growth 3Y7.74%
Revenue growth 5Y24.38%
Sales Q2Q%3.91%
Revenue Next Year5.88%
Revenue Next 2Y5.5%
Revenue Next 3Y4.96%
Revenue Next 5Y3.38%
EBIT growth 1Y118.32%
EBIT growth 3Y25.06%
EBIT growth 5YN/A
EBIT Next Year171.45%
EBIT Next 3Y47.45%
EBIT Next 5Y28.02%
FCF growth 1Y142.75%
FCF growth 3Y-31.48%
FCF growth 5YN/A
OCF growth 1Y120.06%
OCF growth 3Y1.35%
OCF growth 5YN/A

AIR FRANCE-KLM / 1AF.MI Fundamental Analysis 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 7 / 10 to AIR FRANCE-KLM (1AF.MI). This can be considered as Undervalued.


What is the profitability of 1AF stock?

AIR FRANCE-KLM (1AF.MI) has a profitability rating of 5 / 10.


What is the valuation of AIR FRANCE-KLM based on its PE and PB ratios?

The Price/Earnings (PE) ratio for AIR FRANCE-KLM (1AF.MI) is 1.71 and the Price/Book (PB) ratio is 34.57.


Is the dividend of AIR FRANCE-KLM sustainable?

The dividend rating of AIR FRANCE-KLM (1AF.MI) is 0 / 10 and the dividend payout ratio is 0.11%.