AIR FRANCE-KLM (1AF.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:1AF - FR001400J770 - Common Stock
11.895 EUR
+0.08 (+0.72%)
1AF gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 18 industry peers in the Passenger Airlines industry. While 1AF is still in line with the averages on profitability rating, there are concerns on its financial health. 1AF may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
- 1AF had positive earnings in the past year.
- 1AF had a positive operating cash flow in the past year.
- In multiple years 1AF reported negative net income over the last 5 years.
- Of the past 5 years 1AF 4 years had a positive operating cash flow.
1.2 Ratios
- 1AF's Return On Assets of 2.46% is on the low side compared to the rest of the industry. 1AF is outperformed by 72.22% of its industry peers.
- 1AF has a Return On Equity of 1248.68%. This is amongst the best in the industry. 1AF outperforms 88.89% of its industry peers.
- 1AF has a Return On Invested Capital (7.89%) which is comparable to the rest of the industry.
- Measured over the past 3 years, the Average Return On Invested Capital for 1AF 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 worse Profit Margin (2.90%) than 72.22% of its industry peers.
- 1AF's Profit Margin has declined in the last couple of years.
- 1AF has a worse Operating Margin (6.12%) than 61.11% 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 66.67% of its industry peers.
- 1AF's Gross Margin has been stable in the last couple of years.
| 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), 1AF 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.
- Compared to 1 year ago, 1AF has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 0.55, we must say that 1AF is in the distress zone and has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 0.55, 1AF is doing worse than 72.22% of the companies in the same industry.
- 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.
- 1AF has a Debt to FCF ratio of 17.97. This is in the lower half of the industry: 1AF underperforms 72.22% 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.
- 1AF has a Debt to Equity ratio of 163.37. This is amonst the worse of the industry: 1AF underperforms 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 163.37 | ||
| Debt/FCF | 17.97 | ||
| Altman-Z | 0.55 |
ROIC/WACC1.3
WACC6.07%
2.3 Liquidity
- 1AF has a Current 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.
- Looking at the Current ratio, with a value of 0.65, 1AF is doing worse than 66.67% of the companies in the same industry.
- 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's Quick ratio of 0.60 is on the low side compared to the rest of the industry. 1AF is outperformed by 66.67% 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.
- 1AF shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -24.31% yearly.
- The Revenue has been growing slightly by 5.52% in the past year.
- Measured over the past years, 1AF shows a small growth in Revenue. The Revenue has been growing by 2.96% on average per year.
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 36.10% on average over the next years. This is a very strong growth
- 1AF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.50% yearly.
EPS Next Y221.56%
EPS Next 2Y84.38%
EPS Next 3Y59%
EPS Next 5Y36.1%
Revenue Next Year5.31%
Revenue Next 2Y4.8%
Revenue Next 3Y5.05%
Revenue Next 5Y3.5%
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 3.66 indicates a rather cheap valuation of 1AF.
- Based on the Price/Earnings ratio, 1AF is valued cheaper than 88.89% of the companies in the same industry.
- 1AF's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.54.
- The Price/Forward Earnings ratio is 3.07, which indicates a rather cheap valuation of 1AF.
- 1AF's Price/Forward Earnings ratio is rather cheap when compared to the industry. 1AF is cheaper than 88.89% of the companies in the same industry.
- 1AF is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.31, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.66 | ||
| Fwd PE | 3.07 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 1AF indicates a somewhat cheap valuation: 1AF is cheaper than 66.67% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, 1AF is valued cheaper than 88.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.76 | ||
| EV/EBITDA | 3.69 |
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 59.00% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.02
PEG (5Y)N/A
EPS Next 2Y84.38%
EPS Next 3Y59%
5. Dividend
5.1 Amount
- No dividends for 1AF!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
BIT:1AF (1/8/2026, 7:00:00 PM)
11.895
+0.08 (+0.72%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)11-06 2025-11-06/bmo
Earnings (Next)03-04 2026-03-04/amc
Inst Owners13.14%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap3.13B
Revenue(TTM)32.70B
Net Income(TTM)949.00M
Analysts68.8
Price Target11.74 (-1.3%)
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)-4.96%
PT rev (3m)-2.05%
EPS NQ rev (1m)15.04%
EPS NQ rev (3m)29.74%
EPS NY rev (1m)-3.39%
EPS NY rev (3m)-6.99%
Revenue NQ rev (1m)0.96%
Revenue NQ rev (3m)0.96%
Revenue NY rev (1m)-0.65%
Revenue NY rev (3m)-0.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.66 | ||
| Fwd PE | 3.07 | ||
| P/S | 0.1 | ||
| P/FCF | 3.76 | ||
| P/OCF | 0.63 | ||
| P/B | 41.13 | ||
| P/tB | N/A | ||
| EV/EBITDA | 3.69 |
EPS(TTM)3.25
EY27.32%
EPS(NY)3.88
Fwd EY32.58%
FCF(TTM)3.16
FCFY26.59%
OCF(TTM)18.91
OCFY158.98%
SpS124.44
BVpS0.29
TBVpS-5
PEG (NY)0.02
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
WACC6.07%
ROIC/WACC1.3
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 Y221.56%
EPS Next 2Y84.38%
EPS Next 3Y59%
EPS Next 5Y36.1%
Revenue 1Y (TTM)5.52%
Revenue growth 3Y30.01%
Revenue growth 5Y2.96%
Sales Q2Q%2.61%
Revenue Next Year5.31%
Revenue Next 2Y4.8%
Revenue Next 3Y5.05%
Revenue Next 5Y3.5%
EBIT growth 1Y118.32%
EBIT growth 3YN/A
EBIT growth 5Y6.27%
EBIT Next Year254.68%
EBIT Next 3Y61.11%
EBIT Next 5Y35.32%
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 3.66 and the Price/Book (PB) ratio is 41.13.
Can you provide the financial health for 1AF stock?
The financial health rating of AIR FRANCE-KLM (1AF.MI) is 0 / 10.