AIR FRANCE-KLM (AFR0.DE) Stock Fundamental Analysis

FRA:AFR0 • FR001400J770

12.87 EUR
+0.11 (+0.86%)
Last: Feb 25, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

3

Taking everything into account, AFR0 scores 3 out of 10 in our fundamental rating. AFR0 was compared to 14 industry peers in the Passenger Airlines industry. There are concerns on the financial health of AFR0 while its profitability can be described as average. AFR0 has a bad growth rate and is valued cheaply.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year AFR0 was profitable.
  • AFR0 had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: AFR0 reported negative net income in multiple years.
  • AFR0 had a positive operating cash flow in 4 of the past 5 years.
AFR0.DE Yearly Net Income VS EBIT VS OCF VS FCFAFR0.DE 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 0 2B -2B 4B -4B -6B

1.2 Ratios

  • AFR0 has a worse Return On Assets (2.46%) than 78.57% of its industry peers.
  • AFR0's Return On Equity of 1248.68% is amongst the best of the industry. AFR0 outperforms 92.86% of its industry peers.
  • The Return On Invested Capital of AFR0 (7.89%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for AFR0 is below the industry average of 9.75%.
  • The 3 year average ROIC (6.06%) for AFR0 is below the current ROIC(7.89%), indicating increased profibility in the last year.
Industry RankSector 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
AFR0.DE Yearly ROA, ROE, ROICAFR0.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 100

1.3 Margins

  • With a Profit Margin value of 2.90%, AFR0 is not doing good in the industry: 78.57% of the companies in the same industry are doing better.
  • In the last couple of years the Profit Margin of AFR0 has declined.
  • Looking at the Operating Margin, with a value of 6.12%, AFR0 is doing worse than 64.29% of the companies in the same industry.
  • In the last couple of years the Operating Margin of AFR0 has grown nicely.
  • AFR0 has a Gross Margin of 45.30%. This is comparable to the rest of the industry: AFR0 outperforms 42.86% of its industry peers.
  • AFR0's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
AFR0.DE Yearly Profit, Operating, Gross MarginsAFR0.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 -60

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so AFR0 is still creating some value.
  • There is no outstanding debt for AFR0. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
AFR0.DE Yearly Shares OutstandingAFR0.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
AFR0.DE Yearly Total Debt VS Total AssetsAFR0.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

  • Based on the Altman-Z score of 0.56, we must say that AFR0 is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.56, AFR0 is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
  • The Debt to FCF ratio of AFR0 is 17.97, which is on the high side as it means it would take AFR0, 17.97 years of fcf income to pay off all of its debts.
  • With a Debt to FCF ratio value of 17.97, AFR0 is not doing good in the industry: 78.57% of the companies in the same industry are doing better.
  • AFR0 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, AFR0 is doing worse than 85.71% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 163.37
Debt/FCF 17.97
Altman-Z 0.56
ROIC/WACC1.27
WACC6.22%
AFR0.DE Yearly LT Debt VS Equity VS FCFAFR0.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B -5B 10B 15B

2.3 Liquidity

  • AFR0 has a Current Ratio of 0.65. This is a bad value and indicates that AFR0 is not financially healthy enough and could expect problems in meeting its short term obligations.
  • AFR0 has a Current ratio of 0.65. This is in the lower half of the industry: AFR0 underperforms 64.29% of its industry peers.
  • A Quick Ratio of 0.60 indicates that AFR0 may have some problems paying its short term obligations.
  • AFR0 has a Quick ratio of 0.60. This is in the lower half of the industry: AFR0 underperforms 64.29% of its industry peers.
Industry RankSector Rank
Current Ratio 0.65
Quick Ratio 0.6
AFR0.DE Yearly Current Assets VS Current LiabilitesAFR0.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

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

2

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 229.40% over the past year.
EPS 1Y (TTM)229.4%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%162.94%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%2.61%

3.2 Future

  • Based on estimates for the next years, AFR0 will show a small growth in Earnings Per Share. The EPS will grow by 7.84% on average per year.
  • AFR0 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.24% yearly.
EPS Next Y8.48%
EPS Next 2Y14.29%
EPS Next 3Y12.97%
EPS Next 5Y7.84%
Revenue Next Year4.53%
Revenue Next 2Y5.06%
Revenue Next 3Y3.43%
Revenue Next 5Y3.24%

3.3 Evolution

AFR0.DE Yearly Revenue VS EstimatesAFR0.DE 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
AFR0.DE Yearly EPS VS EstimatesAFR0.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 -20 -40 -60

More info and screens

Find the best growth stocksShow best growing peers

8

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 3.42, which indicates a rather cheap valuation of AFR0.
  • Compared to the rest of the industry, the Price/Earnings ratio of AFR0 indicates a rather cheap valuation: AFR0 is cheaper than 92.86% of the companies listed in the same industry.
  • AFR0's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.05.
  • Based on the Price/Forward Earnings ratio of 3.16, the valuation of AFR0 can be described as very cheap.
  • 92.86% of the companies in the same industry are more expensive than AFR0, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 28.03. AFR0 is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 3.42
Fwd PE 3.16
AFR0.DE Price Earnings VS Forward Price EarningsAFR0.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • AFR0's Enterprise Value to EBITDA is on the same level as the industry average.
  • Based on the Price/Free Cash Flow ratio, AFR0 is valued cheaply inside the industry as 92.86% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 4.07
EV/EBITDA 3.74
AFR0.DE Per share dataAFR0.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80 100

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.
  • A more expensive valuation may be justified as AFR0's earnings are expected to grow with 12.97% in the coming years.
PEG (NY)0.4
PEG (5Y)N/A
EPS Next 2Y14.29%
EPS Next 3Y12.97%

More info and screens

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

0

5. Dividend

5.1 Amount

  • AFR0 does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

AIR FRANCE-KLM

FRA:AFR0 (2/25/2026, 7:00:00 PM)

12.87

+0.11 (+0.86%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)02-19
Earnings (Next)04-30
Inst Owners16.12%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap3.38B
Revenue(TTM)N/A
Net Income(TTM)949.00M
Analysts67.86
Price Target11.79 (-8.39%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)0.75%
PT rev (3m)-1.78%
EPS NQ rev (1m)15.87%
EPS NQ rev (3m)139.22%
EPS NY rev (1m)0%
EPS NY rev (3m)-11.83%
Revenue NQ rev (1m)0.06%
Revenue NQ rev (3m)-0.7%
Revenue NY rev (1m)0.21%
Revenue NY rev (3m)-0.45%
Valuation
Industry RankSector Rank
PE 3.42
Fwd PE 3.16
P/S 0.1
P/FCF 4.07
P/OCF 0.68
P/B 44.5
P/tB N/A
EV/EBITDA 3.74
EPS(TTM)3.76
EY29.22%
EPS(NY)4.07
Fwd EY31.65%
FCF(TTM)3.16
FCFY24.57%
OCF(TTM)18.91
OCFY146.93%
SpS124.44
BVpS0.29
TBVpS-5
PEG (NY)0.4
PEG (5Y)N/A
Graham Number4.95
Profitability
Industry RankSector 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 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 0.56
F-Score5
WACC6.22%
ROIC/WACC1.27
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)229.4%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%162.94%
EPS Next Y8.48%
EPS Next 2Y14.29%
EPS Next 3Y12.97%
EPS Next 5Y7.84%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%2.61%
Revenue Next Year4.53%
Revenue Next 2Y5.06%
Revenue Next 3Y3.43%
Revenue Next 5Y3.24%
EBIT growth 1Y118.32%
EBIT growth 3YN/A
EBIT growth 5Y6.27%
EBIT Next Year257.06%
EBIT Next 3Y61.49%
EBIT Next 5Y34.36%
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 / AFR0.DE FAQ

Can you provide the ChartMill fundamental rating for AIR FRANCE-KLM?

ChartMill assigns a fundamental rating of 3 / 10 to AFR0.DE.


What is the valuation status of AIR FRANCE-KLM (AFR0.DE) stock?

ChartMill assigns a valuation rating of 8 / 10 to AIR FRANCE-KLM (AFR0.DE). This can be considered as Undervalued.


How profitable is AIR FRANCE-KLM (AFR0.DE) stock?

AIR FRANCE-KLM (AFR0.DE) has a profitability rating of 4 / 10.


What is the financial health of AIR FRANCE-KLM (AFR0.DE) stock?

The financial health rating of AIR FRANCE-KLM (AFR0.DE) is 1 / 10.


Can you provide the expected EPS growth for AFR0 stock?

The Earnings per Share (EPS) of AIR FRANCE-KLM (AFR0.DE) is expected to grow by 8.48% in the next year.