AIR FRANCE-KLM (AFR0.DE) Fundamental Analysis & Valuation

FRA:AFR0 • FR001400J770

Current stock price

9.924 EUR
+1.07 (+12.14%)
Last:

This AFR0.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. AFR0.DE Profitability Analysis

1.1 Basic Checks

  • In the past year AFR0 was profitable.
  • AFR0 had a positive operating cash flow in the past year.
  • AFR0 had positive earnings in 4 of the past 5 years.
  • AFR0 had a positive operating cash flow in each 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 2025 0 2B -2B 4B -4B -6B

1.2 Ratios

  • AFR0's Return On Assets of 2.46% is on the low side compared to the rest of the industry. AFR0 is outperformed by 62.50% of its industry peers.
  • With an excellent Return On Equity value of 1248.68%, AFR0 belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
  • AFR0 has a Return On Invested Capital of 6.48%. This is comparable to the rest of the industry: AFR0 outperforms 43.75% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for AFR0 is below the industry average of 8.81%.
  • The last Return On Invested Capital (6.48%) for AFR0 is above the 3 year average (5.81%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.46%
ROE 1248.68%
ROIC 6.48%
ROA(3y)2.27%
ROA(5y)-0.52%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)5.81%
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 2025 0 100 200 300 400 500

1.3 Margins

  • AFR0 has a Profit Margin of 2.90%. This is in the lower half of the industry: AFR0 underperforms 62.50% of its industry peers.
  • In the last couple of years the Profit Margin of AFR0 has grown nicely.
  • AFR0's Operating Margin of 6.12% is in line compared to the rest of the industry. AFR0 outperforms 50.00% of its industry peers.
  • AFR0's Operating Margin has improved in the last couple of years.
  • AFR0 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 AFR0 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%
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 2025 0 20 -20 40 -40 -60

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. AFR0.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), AFR0 is creating some value.
  • The number of shares outstanding for AFR0 remains at a similar level compared to 1 year ago.
  • AFR0 has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, AFR0 has an improved debt to assets ratio.
AFR0.DE Yearly Shares OutstandingAFR0.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 10B 20B 30B

2.2 Solvency

  • Based on the Altman-Z score of 0.54, we must say that AFR0 is in the distress zone and has some risk of bankruptcy.
  • AFR0 has a Altman-Z score of 0.54. This is in the lower half of the industry: AFR0 underperforms 68.75% of its industry peers.
  • AFR0 has a debt to FCF ratio of 17.97. This is a negative value and a sign of low solvency as AFR0 would need 17.97 years to pay back of all of its debts.
  • AFR0's Debt to FCF ratio of 17.97 is in line compared to the rest of the industry. AFR0 outperforms 43.75% of its industry peers.
  • A Debt/Equity ratio of 163.37 is on the high side and indicates that AFR0 has dependencies on debt financing.
  • AFR0 has a Debt to Equity ratio of 163.37. This is amonst the worse of the industry: AFR0 underperforms 81.25% of its industry peers.
Industry RankSector Rank
Debt/Equity 163.37
Debt/FCF 17.97
Altman-Z 0.54
ROIC/WACC1.32
WACC4.92%
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 2025 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 worse Current ratio (0.65) than 62.50% of its industry peers.
  • A Quick Ratio of 0.60 indicates that AFR0 may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.60, AFR0 is doing worse than 62.50% of the companies in the same industry.
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 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. AFR0.DE 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, AFR0 shows a very strong growth in Earnings Per Share. The EPS has been growing by 21.56% on average per year.
  • Looking at the last year, AFR0 shows a small growth in Revenue. The Revenue has grown by 4.92% in the last year.
  • The Revenue has been growing by 24.38% on average over the past years. This is a very strong growth!
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

  • Based on estimates for the next years, AFR0 will show a small growth in Earnings Per Share. The EPS will grow by 0.86% on average per year.
  • AFR0 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.38% yearly.
EPS Next Y-25.17%
EPS Next 2Y-5.93%
EPS Next 3Y-0.21%
EPS Next 5Y0.86%
Revenue Next Year5.36%
Revenue Next 2Y5.33%
Revenue Next 3Y4.84%
Revenue Next 5Y3.38%

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 decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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 40B
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 2030 0 -20 -40 -60

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8

4. AFR0.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 1.70 indicates a rather cheap valuation of AFR0.
  • Based on the Price/Earnings ratio, AFR0 is valued cheaply inside the industry as 93.75% of the companies are valued more expensively.
  • AFR0's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.91.
  • AFR0 is valuated cheaply with a Price/Forward Earnings ratio of 2.27.
  • Based on the Price/Forward Earnings ratio, AFR0 is valued cheaply inside the industry as 93.75% of the companies are valued more expensively.
  • AFR0 is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.69, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 1.7
Fwd PE 2.27
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 ratio is a bit cheaper when compared to the industry. AFR0 is cheaper than 62.50% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, AFR0 is valued cheaper than 93.75% of the companies in the same industry.
Industry RankSector Rank
P/FCF 3.14
EV/EBITDA 3.58
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

  • AFR0 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. AFR0.DE Dividend Analysis

5.1 Amount

  • No dividends for AFR0!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

AFR0.DE Fundamentals: All Metrics, Ratios and Statistics

AIR FRANCE-KLM

FRA:AFR0 (4/8/2026, 7:00:00 PM)

9.924

+1.07 (+12.14%)

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 Cap2.61B
Revenue(TTM)33.01B
Net Income(TTM)949.00M
Analysts69.29
Price Target12.43 (25.25%)
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)0%
PT rev (3m)6.25%
EPS NQ rev (1m)0%
EPS NQ rev (3m)15.87%
EPS NY rev (1m)0%
EPS NY rev (3m)8.02%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.06%
Revenue NY rev (1m)0.62%
Revenue NY rev (3m)1.21%
Valuation
Industry RankSector Rank
PE 1.7
Fwd PE 2.27
P/S 0.08
P/FCF 3.14
P/OCF 0.52
P/B 34.31
P/tB N/A
EV/EBITDA 3.58
EPS(TTM)5.83
EY58.75%
EPS(NY)4.36
Fwd EY43.96%
FCF(TTM)3.16
FCFY31.87%
OCF(TTM)18.91
OCFY190.55%
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 6.48%
ROICexc 6.48%
ROICexgc 6.92%
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)5.81%
ROIC(5y)N/A
ROICexc(3y)8.61%
ROICexc(5y)N/A
ROICexgc(3y)9.59%
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
WACC4.92%
ROIC/WACC1.32
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 Year5.36%
Revenue Next 2Y5.33%
Revenue Next 3Y4.84%
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 / AFR0.DE Fundamental Analysis FAQ

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

ChartMill assigns a fundamental rating of 4 / 10 to AFR0.DE.


What is the valuation status for AFR0 stock?

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


What is the profitability of AFR0 stock?

AIR FRANCE-KLM (AFR0.DE) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for AFR0 stock?

The Price/Earnings (PE) ratio for AIR FRANCE-KLM (AFR0.DE) is 1.7 and the Price/Book (PB) ratio is 34.31.


Can you provide the expected EPS growth for AFR0 stock?

The Earnings per Share (EPS) of AIR FRANCE-KLM (AFR0.DE) is expected to decline by -25.17% in the next year.