AIR FRANCE-KLM (1AF.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:1AF - FR001400J770 - Common Stock
11.895 EUR
+0.08 (+0.72%)
Overall 1AF gets a fundamental rating of 4 out of 10. We evaluated 1AF against 18 industry peers in the Passenger Airlines industry. 1AF has a medium profitability rating, but doesn't score so well on its financial health evaluation. 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.
- 1AF had a positive operating cash flow in the past year.
- In multiple years 1AF reported negative net income over the last 5 years.
- 1AF had a positive operating cash flow in 4 of the past 5 years.
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.
- With an excellent Return On Equity value of 1248.68%, 1AF belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
- The Return On Invested Capital of 1AF (7.89%) is comparable to the rest of the industry.
- The Average Return On Invested Capital over the past 3 years for 1AF is below the industry average of 9.28%.
- 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 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
- The Profit Margin of 1AF (2.90%) is worse than 72.22% of its industry peers.
- 1AF's Profit Margin has declined in the last couple of years.
- Looking at the Operating Margin, with a value of 6.12%, 1AF is doing worse than 61.11% of the companies in the same industry.
- 1AF's Operating Margin has improved in the last couple of years.
- 1AF has a worse Gross Margin (45.30%) than 66.67% 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.
- Compared to 5 years ago, 1AF has more shares outstanding
- The debt/assets ratio for 1AF is higher compared to a year ago.
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.
- 1AF has a Altman-Z score of 0.55. This is in the lower half of the industry: 1AF underperforms 72.22% 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.
- With a Debt to FCF ratio value of 17.97, 1AF is not doing good in the industry: 72.22% of the companies in the same industry are doing better.
- A Debt/Equity ratio of 163.37 is on the high side and indicates that 1AF has dependencies on debt financing.
- 1AF has a worse Debt to Equity ratio (163.37) than 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
- A Current Ratio of 0.65 indicates that 1AF may have some problems paying 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.
- Looking at the Quick ratio, with a value of 0.60, 1AF is doing worse than 66.67% of the companies in the same industry.
| 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.
- The Revenue has been growing slightly by 2.96% on average over the past years.
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 36.10% yearly.
- 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
- The EPS growth rate is accelerating: in the next years the growth will be better 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 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.
- The average S&P500 Price/Earnings ratio is at 27.47. 1AF is valued rather cheaply when compared to this.
- 1AF is valuated cheaply with a Price/Forward Earnings ratio of 3.07.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of 1AF indicates a rather cheap valuation: 1AF is cheaper than 88.89% of the companies listed in the same industry.
- 1AF is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.26, 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
- Based on the Enterprise Value to EBITDA ratio, 1AF is valued a bit cheaper than 66.67% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, 1AF is valued cheaply inside the industry as 88.89% of the companies are valued more expensively.
| 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.