AIR FRANCE-KLM (AFR0.DE) Stock Fundamental Analysis
Europe - FRA:AFR0 - FR001400J770 - Common Stock
12.975 EUR
-0.02 (-0.12%)
Overall AFR0 gets a fundamental rating of 4 out of 10. We evaluated AFR0 against 12 industry peers in the Passenger Airlines industry. AFR0 may be in some trouble as it scores bad on both profitability and health. AFR0 may be a bit undervalued, certainly considering the very reasonable score on growth
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.
The reported net income has been mixed in the past 5 years: AFR0 reported negative net income in multiple years.
Of the past 5 years AFR0 4 years had a positive operating cash flow.
1.2 Ratios
AFR0 has a Return On Assets of 2.72%. This is amonst the worse of the industry: AFR0 underperforms 83.33% of its industry peers.
With a Return On Invested Capital value of 8.56%, AFR0 perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for AFR0 is below the industry average of 9.96%.
The last Return On Invested Capital (8.56%) for AFR0 is above the 3 year average (6.06%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.72% | ||
| ROE | N/A | ||
| ROIC | 8.56% |
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
AFR0 has a Profit Margin of 3.03%. This is amonst the worse of the industry: AFR0 underperforms 83.33% of its industry peers.
AFR0's Profit Margin has declined in the last couple of years.
AFR0 has a Operating Margin of 6.11%. This is comparable to the rest of the industry: AFR0 outperforms 41.67% of its industry peers.
AFR0's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 45.70%, AFR0 perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Gross Margin of AFR0 has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.11% | ||
| PM (TTM) | 3.03% | ||
| GM | 45.7% |
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
AFR0 has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for AFR0 remains at a similar level compared to 1 year ago.
Compared to 5 years ago, AFR0 has more shares outstanding
The debt/assets ratio for AFR0 is higher compared to a year ago.
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.
AFR0 has a Altman-Z score (0.55) which is comparable to the rest of the industry.
AFR0 has a debt to FCF ratio of 16.17. This is a negative value and a sign of low solvency as AFR0 would need 16.17 years to pay back of all of its debts.
AFR0 has a worse Debt to FCF ratio (16.17) than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 16.17 | ||
| Altman-Z | 0.55 |
ROIC/WACC1.39
WACC6.17%
2.3 Liquidity
A Current Ratio of 0.65 indicates that AFR0 may have some problems paying its short term obligations.
With a Current ratio value of 0.65, AFR0 is not doing good in the industry: 83.33% of the companies in the same industry are doing better.
AFR0 has a Quick 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.
With a Quick ratio value of 0.59, AFR0 is not doing good in the industry: 83.33% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.59 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 76.36% over the past year.
AFR0 shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -24.31% yearly.
Looking at the last year, AFR0 shows a small growth in Revenue. The Revenue has grown by 5.85% in the last year.
Measured over the past years, AFR0 shows a small growth in Revenue. The Revenue has been growing by 2.96% on average per year.
EPS 1Y (TTM)76.36%
EPS 3YN/A
EPS 5Y-24.31%
EPS Q2Q%378.26%
Revenue 1Y (TTM)5.85%
Revenue growth 3Y30.01%
Revenue growth 5Y2.96%
Sales Q2Q%6.21%
3.2 Future
The Earnings Per Share is expected to grow by 35.33% 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 3.17% yearly.
EPS Next Y245.72%
EPS Next 2Y96.79%
EPS Next 3Y63.64%
EPS Next 5Y35.33%
Revenue Next Year6.07%
Revenue Next 2Y5.14%
Revenue Next 3Y5.33%
Revenue Next 5Y3.17%
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 accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 3.51, the valuation of AFR0 can be described as very cheap.
91.67% of the companies in the same industry are more expensive than AFR0, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.30. AFR0 is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 2.94, the valuation of AFR0 can be described as very cheap.
Based on the Price/Forward Earnings ratio, AFR0 is valued cheaper than 91.67% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of AFR0 to the average of the S&P500 Index (22.73), we can say AFR0 is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.51 | ||
| Fwd PE | 2.94 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AFR0 is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AFR0 indicates a rather cheap valuation: AFR0 is cheaper than 91.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.8 | ||
| EV/EBITDA | 2.63 |
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 63.64% in the coming years.
PEG (NY)0.01
PEG (5Y)N/A
EPS Next 2Y96.79%
EPS Next 3Y63.64%
5. Dividend
5.1 Amount
AFR0 does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
FRA:AFR0 (9/12/2025, 7:00:00 PM)
12.975
-0.02 (-0.12%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners8.37%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap3.41B
Analysts70
Price Target12.51 (-3.58%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0
Dividend Growth(5Y)-58.45%
DP0.2%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)77.54%
Min EPS beat(2)25.42%
Max EPS beat(2)129.67%
EPS beat(4)3
Avg EPS beat(4)50.51%
Min EPS beat(4)-13.15%
Max EPS beat(4)129.67%
EPS beat(8)5
Avg EPS beat(8)10.98%
EPS beat(12)8
Avg EPS beat(12)112.98%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-1.79%
Min Revenue beat(2)-2.99%
Max Revenue beat(2)-0.58%
Revenue beat(4)0
Avg Revenue beat(4)-1.49%
Min Revenue beat(4)-2.99%
Max Revenue beat(4)-0.23%
Revenue beat(8)0
Avg Revenue beat(8)-2.45%
Revenue beat(12)2
Avg Revenue beat(12)-1.65%
Revenue beat(16)4
Avg Revenue beat(16)-0.97%
PT rev (1m)17.25%
PT rev (3m)41.13%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)11.11%
EPS NY rev (3m)11.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.26%
Revenue NY rev (3m)0.84%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.51 | ||
| Fwd PE | 2.94 | ||
| P/S | 0.11 | ||
| P/FCF | 3.8 | ||
| P/OCF | 0.7 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 2.63 |
EPS(TTM)3.7
EY28.52%
EPS(NY)4.41
Fwd EY34.03%
FCF(TTM)3.41
FCFY26.31%
OCF(TTM)18.54
OCFY142.93%
SpS123.55
BVpS-6.71
TBVpS-11.95
PEG (NY)0.01
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.72% | ||
| ROE | N/A | ||
| ROCE | 9.98% | ||
| ROIC | 8.56% | ||
| ROICexc | 10.83% | ||
| ROICexgc | 11.87% | ||
| OM | 6.11% | ||
| PM (TTM) | 3.03% | ||
| GM | 45.7% | ||
| FCFM | 2.76% |
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
ROICexcg growth 3YN/A
ROICexcg 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 Turnover0.9
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 16.17 | ||
| Debt/EBITDA | 2.51 | ||
| Cap/Depr | 143.07% | ||
| Cap/Sales | 12.25% | ||
| Interest Coverage | 2.9 | ||
| Cash Conversion | 102.31% | ||
| Profit Quality | 91.07% | ||
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.59 | ||
| Altman-Z | 0.55 |
F-Score5
WACC6.17%
ROIC/WACC1.39
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)76.36%
EPS 3YN/A
EPS 5Y-24.31%
EPS Q2Q%378.26%
EPS Next Y245.72%
EPS Next 2Y96.79%
EPS Next 3Y63.64%
EPS Next 5Y35.33%
Revenue 1Y (TTM)5.85%
Revenue growth 3Y30.01%
Revenue growth 5Y2.96%
Sales Q2Q%6.21%
Revenue Next Year6.07%
Revenue Next 2Y5.14%
Revenue Next 3Y5.33%
Revenue Next 5Y3.17%
EBIT growth 1Y87.35%
EBIT growth 3YN/A
EBIT growth 5Y6.27%
EBIT Next Year245.03%
EBIT Next 3Y58.73%
EBIT Next 5Y34.74%
FCF growth 1Y-25.56%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y18.39%
OCF growth 3Y31.6%
OCF growth 5Y-2.14%