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
Taking everything into account, 1AF scores 4 out of 10 in our fundamental rating. 1AF was compared to 14 industry peers in the Passenger Airlines industry. There are concerns on the financial health of 1AF while its profitability can be described as average. 1AF may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
- In the past year 1AF was profitable.
- 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.
1.2 Ratios
- 1AF has a Return On Assets of 2.46%. This is in the lower half of the industry: 1AF underperforms 64.29% of its industry peers.
- With an excellent Return On Equity value of 1248.68%, 1AF belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
- With a decent Return On Invested Capital value of 7.89%, 1AF is doing good in the industry, outperforming 64.29% of the companies in the same industry.
- 1AF had an Average Return On Invested Capital over the past 3 years of 6.06%. This is below the industry average of 9.28%.
- The 3 year average ROIC (6.06%) for 1AF is below the current ROIC(7.89%), indicating increased profibility in the last year.
| Industry Rank | Sector 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
1.3 Margins
- 1AF has a Profit Margin of 2.90%. This is in the lower half of the industry: 1AF underperforms 64.29% of its industry peers.
- 1AF's Profit Margin has declined in the last couple of years.
- 1AF has a Operating Margin (6.12%) which is in line with its industry peers.
- In the last couple of years the Operating Margin of 1AF has grown nicely.
- 1AF's Gross Margin of 45.30% is in line compared 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 Rank | Sector 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%
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.
- Compared to 1 year ago, 1AF has about the same amount of shares outstanding.
- 1AF has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, 1AF has a worse debt to assets ratio.
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.
- 1AF has a Debt/Equity ratio of 163.37. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 163.37, 1AF is doing worse than 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 163.37 | ||
| Debt/FCF | 17.97 | ||
| Altman-Z | 0.55 |
ROIC/WACC1.33
WACC5.91%
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 of 0.65. This is comparable to the rest of the industry: 1AF outperforms 50.00% of its industry peers.
- 1AF has a Quick Ratio of 0.65. This is a bad value and indicates that 1AF is not financially healthy enough and could expect problems in meeting 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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.6 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 209.52% over the past year.
- Measured over the past years, 1AF shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -24.31% on average per year.
- Looking at the last year, 1AF shows a small growth in Revenue. The Revenue has grown by 5.52% in the last year.
- 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
- 1AF is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 35.70% yearly.
- The Revenue is expected to grow by 3.20% on average over the next years.
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
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 3.28 indicates a rather cheap valuation of 1AF.
- 1AF's Price/Earnings ratio is rather cheap when compared to the industry. 1AF is cheaper than 100.00% of the companies in the same industry.
- When comparing the Price/Earnings ratio of 1AF to the average of the S&P500 Index (28.41), we can say 1AF is valued rather cheaply.
- 1AF is valuated cheaply with a Price/Forward Earnings ratio of 2.61.
- 100.00% of the companies in the same industry are more expensive than 1AF, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 25.64. 1AF is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.28 | ||
| Fwd PE | 2.61 |
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.
- Based on the Price/Free Cash Flow ratio, 1AF is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.37 | ||
| EV/EBITDA | 3.62 |
4.3 Compensation for Growth
- 1AF's 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%
5. Dividend
5.1 Amount
- No dividends for 1AF!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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 2025-11-06/bmo
Earnings (Next)02-19 2026-02-19/amc
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 Rank | Sector 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 Rank | Sector 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 Rank | Sector 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 Rank | Sector 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.