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

BIT:1AF • FR001400J770

Current stock price

9.148 EUR
-0.08 (-0.91%)
Last:

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

6

1. 1AF.MI Profitability Analysis

1.1 Basic Checks

  • In the past year 1AF was profitable.
  • In the past year 1AF had a positive cash flow from operations.
  • Of the past 5 years 1AF 4 years were profitable.
  • Each year in the past 5 years 1AF 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 2025 0 2B -2B 4B -4B -6B

1.2 Ratios

  • 1AF has a worse Return On Assets (2.46%) than 68.75% of its industry peers.
  • 1AF's Return On Equity of 1248.68% is amongst the best of the industry. 1AF outperforms 93.75% of its industry peers.
  • 1AF has a better Return On Invested Capital (8.24%) than 62.50% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for 1AF is in line with the industry average of 9.30%.
  • The 3 year average ROIC (7.39%) for 1AF is below the current ROIC(8.24%), indicating increased profibility in the last year.
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

  • Looking at the Profit Margin, with a value of 2.90%, 1AF is doing worse than 68.75% of the companies in the same industry.
  • In the last couple of years the Profit Margin of 1AF has grown nicely.
  • With a Operating Margin value of 6.12%, 1AF perfoms like the industry average, outperforming 43.75% of the companies in the same industry.
  • 1AF's Operating Margin has improved in the last couple of years.
  • 1AF has a Gross Margin (45.30%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of 1AF has grown nicely.
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

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), 1AF is creating some value.
  • 1AF has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, 1AF has more shares outstanding
  • Compared to 1 year ago, 1AF has an improved debt to assets ratio.
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.
  • Looking at the Altman-Z score, with a value of 0.54, 1AF is doing worse than 68.75% 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.
  • Looking at the Debt to FCF ratio, with a value of 17.97, 1AF is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • A Debt/Equity ratio of 163.37 is on the high side and indicates that 1AF has dependencies on debt financing.
  • 1AF's Debt to Equity ratio of 163.37 is on the low side compared to the rest of the industry. 1AF is outperformed by 68.75% of its industry peers.
Industry RankSector Rank
Debt/Equity 163.37
Debt/FCF 17.97
Altman-Z 0.54
ROIC/WACC1.49
WACC5.54%
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.
  • With a Current ratio value of 0.65, 1AF perfoms like the industry average, outperforming 50.00% 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 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 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

  • The Earnings Per Share has grown by an impressive 411.40% over the past year.
  • 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.
  • 1AF shows a small growth in Revenue. In the last year, the Revenue has grown by 4.92%.
  • 1AF shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.38% yearly.
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

  • The Earnings Per Share is expected to grow by 0.86% on average over the next years.
  • The Revenue is expected to grow by 3.38% on average over the next years.
EPS Next Y-25.17%
EPS Next 2Y-5.93%
EPS Next 3Y-0.21%
EPS Next 5Y0.86%
Revenue Next Year4.71%
Revenue Next 2Y4.98%
Revenue Next 3Y4.51%
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

  • A Price/Earnings ratio of 1.57 indicates a rather cheap valuation of 1AF.
  • 93.75% of the companies in the same industry are more expensive than 1AF, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 24.88, 1AF is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 2.10, the valuation of 1AF can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, 1AF is valued cheaply inside the industry as 93.75% of the companies are valued more expensively.
  • 1AF is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 1.57
Fwd PE 2.1
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

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 1AF is on the same level as its industry peers.
  • 1AF's Price/Free Cash Flow ratio is rather cheap when compared to the industry. 1AF is cheaper than 93.75% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.89
EV/EBITDA 3.54
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

  • 1AF has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-5.93%
EPS Next 3Y-0.21%

More info and screens

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

0

5. 1AF.MI Dividend Analysis

5.1 Amount

  • No dividends for 1AF!.
Industry RankSector Rank
Dividend Yield 0%

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

AIR FRANCE-KLM

BIT:1AF (3/25/2026, 7:00:00 PM)

9.148

-0.08 (-0.91%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)02-19
Earnings (Next)04-30
Inst Owners17.04%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap2.40B
Revenue(TTM)33.01B
Net Income(TTM)949.00M
Analysts54.07
Price Target12.26 (34.02%)
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)3.71%
PT rev (3m)4.41%
EPS NQ rev (1m)0%
EPS NQ rev (3m)149.95%
EPS NY rev (1m)7.1%
EPS NY rev (3m)12.57%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.73%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)0.45%
Valuation
Industry RankSector Rank
PE 1.57
Fwd PE 2.1
P/S 0.07
P/FCF 2.89
P/OCF 0.48
P/B 31.63
P/tB N/A
EV/EBITDA 3.54
EPS(TTM)5.83
EY63.73%
EPS(NY)4.36
Fwd EY47.69%
FCF(TTM)3.16
FCFY34.57%
OCF(TTM)18.91
OCFY206.71%
SpS124.44
BVpS0.29
TBVpS-5
PEG (NY)N/A
PEG (5Y)N/A
Graham Number6.16
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
WACC5.54%
ROIC/WACC1.49
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-25.17%
EPS Next 2Y-5.93%
EPS Next 3Y-0.21%
EPS Next 5Y0.86%
Revenue 1Y (TTM)4.92%
Revenue growth 3Y7.74%
Revenue growth 5Y24.38%
Sales Q2Q%3.91%
Revenue Next Year4.71%
Revenue Next 2Y4.98%
Revenue Next 3Y4.51%
Revenue Next 5Y3.38%
EBIT growth 1Y118.32%
EBIT growth 3Y25.06%
EBIT growth 5YN/A
EBIT Next Year180.81%
EBIT Next 3Y48.02%
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 5 / 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.


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

AIR FRANCE-KLM (1AF.MI) has a profitability rating of 6 / 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 1.57 and the Price/Book (PB) ratio is 31.63.


Can you provide the financial health for 1AF stock?

The financial health rating of AIR FRANCE-KLM (1AF.MI) is 2 / 10.