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

Europe • Frankfurt Stock Exchange • FRA:AFR0 • FR001400J770

12.455 EUR
+0.32 (+2.68%)
Last: Feb 9, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall AFR0 gets a fundamental rating of 4 out of 10. We evaluated AFR0 against 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 may be a bit undervalued, certainly considering the very reasonable score on growth


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • AFR0 had positive earnings in the past year.
  • AFR0 had a positive operating cash flow in the past year.
  • In multiple years AFR0 reported negative net income over the last 5 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

  • Looking at the Return On Assets, with a value of 2.46%, AFR0 is doing worse than 71.43% of the companies in the same industry.
  • The Return On Equity of AFR0 (1248.68%) is better than 92.86% of its industry peers.
  • AFR0 has a Return On Invested Capital (7.89%) which is in line with its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for AFR0 is below the industry average of 8.78%.
  • 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

  • Looking at the Profit Margin, with a value of 2.90%, AFR0 is doing worse than 71.43% of the companies in the same industry.
  • 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 in line with its industry, outperforming 42.86% 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 (45.30%) which is in line with 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

  • AFR0 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, AFR0 has about the same amount of shares outstanding.
  • The number of shares outstanding for AFR0 has been increased compared to 5 years ago.
  • Compared to 1 year ago, AFR0 has a worse debt to assets ratio.
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 0.55, we must say that AFR0 is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.55, AFR0 is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
  • 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 has a worse Debt to FCF ratio (17.97) than 71.43% of its industry peers.
  • 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 0.55
ROIC/WACC1.28
WACC6.17%
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

  • A Current Ratio of 0.65 indicates that AFR0 may have some problems paying its short term obligations.
  • AFR0 has a Current ratio (0.65) which is in line with its industry peers.
  • A Quick Ratio of 0.60 indicates that AFR0 may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.60, AFR0 perfoms like the industry average, outperforming 42.86% 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 5B 10B 15B

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

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 209.52% over the past year.
  • Measured over the past years, AFR0 shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -24.31% on average per year.
  • Looking at the last year, AFR0 shows a small growth in Revenue. The Revenue has grown by 5.52% in the last 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

  • The Earnings Per Share is expected to grow by 35.70% on average over the next years. This is a very strong growth
  • AFR0 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.20% yearly.
EPS Next Y225.52%
EPS Next 2Y89.03%
EPS Next 3Y62.64%
EPS Next 5Y35.7%
Revenue Next Year5.04%
Revenue Next 2Y4.73%
Revenue Next 3Y5.06%
Revenue Next 5Y3.2%

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.
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

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Find the best growth stocksShow best growing peers

9

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 3.83, which indicates a rather cheap valuation of AFR0.
  • 92.86% of the companies in the same industry are more expensive than AFR0, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 28.06, AFR0 is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 3.06, 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 27.86. AFR0 is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 3.83
Fwd PE 3.06
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as AFR0.
  • 92.86% of the companies in the same industry are more expensive than AFR0, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 3.94
EV/EBITDA 3.72
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.
  • AFR0's earnings are expected to grow with 62.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.02
PEG (5Y)N/A
EPS Next 2Y89.03%
EPS Next 3Y62.64%

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 (2/9/2026, 7:00:00 PM)

12.455

+0.32 (+2.68%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)11-06
Earnings (Next)02-19
Inst Owners16.12%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap3.27B
Revenue(TTM)32.70B
Net Income(TTM)949.00M
Analysts69.6
Price Target11.79 (-5.34%)
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)0.83%
PT rev (3m)-5.95%
EPS NQ rev (1m)15.87%
EPS NQ rev (3m)220.59%
EPS NY rev (1m)-0.51%
EPS NY rev (3m)-11.83%
Revenue NQ rev (1m)0.06%
Revenue NQ rev (3m)-0.49%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.65%
Valuation
Industry RankSector Rank
PE 3.83
Fwd PE 3.06
P/S 0.1
P/FCF 3.94
P/OCF 0.66
P/B 43.06
P/tB N/A
EV/EBITDA 3.72
EPS(TTM)3.25
EY26.09%
EPS(NY)4.07
Fwd EY32.71%
FCF(TTM)3.16
FCFY25.39%
OCF(TTM)18.91
OCFY151.83%
SpS124.44
BVpS0.29
TBVpS-5
PEG (NY)0.02
PEG (5Y)N/A
Graham Number4.6
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 0.55
F-Score5
WACC6.17%
ROIC/WACC1.28
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 Y225.52%
EPS Next 2Y89.03%
EPS Next 3Y62.64%
EPS Next 5Y35.7%
Revenue 1Y (TTM)5.52%
Revenue growth 3Y30.01%
Revenue growth 5Y2.96%
Sales Q2Q%2.61%
Revenue Next Year5.04%
Revenue Next 2Y4.73%
Revenue Next 3Y5.06%
Revenue Next 5Y3.2%
EBIT growth 1Y118.32%
EBIT growth 3YN/A
EBIT growth 5Y6.27%
EBIT Next Year257.06%
EBIT Next 3Y61.49%
EBIT Next 5Y34.93%
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 4 / 10 to AFR0.DE.


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

ChartMill assigns a valuation rating of 9 / 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 225.52% in the next year.