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

FRA:AFR0 • FR001400J770

Current stock price

9.114 EUR
+0.23 (+2.54%)
Last:

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

5

1. AFR0.DE Profitability Analysis

1.1 Basic Checks

  • AFR0 had positive earnings in the past year.
  • AFR0 had a positive operating cash flow in the past year.
  • Of the past 5 years AFR0 4 years were profitable.
  • Each year in the past 5 years AFR0 had a positive operating cash flow.
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 has a worse Return On Assets (2.46%) than 62.50% of its industry peers.
  • Looking at the Return On Equity, with a value of 1248.68%, AFR0 belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • AFR0 has a Return On Invested Capital of 6.48%. This is in the lower half of the industry: AFR0 underperforms 62.50% of its industry peers.
  • AFR0 had an Average Return On Invested Capital over the past 3 years of 5.81%. This is below the industry average of 9.30%.
  • 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

  • Looking at the Profit Margin, with a value of 2.90%, AFR0 is doing worse than 62.50% of the companies in the same industry.
  • In the last couple of years the Profit Margin of AFR0 has grown nicely.
  • AFR0 has a Operating Margin (6.12%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of AFR0 has grown nicely.
  • 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

  • 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
  • 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

  • AFR0 has an Altman-Z score of 0.54. This is a bad value and indicates that AFR0 is not financially healthy and even has some risk of bankruptcy.
  • AFR0 has a worse Altman-Z score (0.54) than 75.00% of its industry peers.
  • 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.
  • The Debt to FCF ratio of AFR0 (17.97) is worse than 62.50% 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.
  • Looking at the Debt to Equity ratio, with a value of 163.37, AFR0 is doing worse than 81.25% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 163.37
Debt/FCF 17.97
Altman-Z 0.54
ROIC/WACC1.35
WACC4.8%
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.
  • Looking at the Current ratio, with a value of 0.65, AFR0 is doing worse than 62.50% of the companies in the same industry.
  • 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 is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
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

  • AFR0 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 411.40%, which is quite impressive.
  • AFR0 shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.56% yearly.
  • AFR0 shows a small growth in Revenue. In the last year, the Revenue has grown by 4.92%.
  • 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

  • AFR0 is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.86% yearly.
  • Based on estimates for the next years, AFR0 will show a small growth in Revenue. The Revenue will grow by 3.38% on average per year.
EPS Next Y-25.17%
EPS Next 2Y-5.93%
EPS Next 3Y-0.21%
EPS Next 5Y0.86%
Revenue Next Year4.71%
Revenue Next 2Y4.98%
Revenue Next 3Y4.51%
Revenue Next 5Y3.38%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less 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 decreasing.
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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Find the best growth stocksShow best growing peers

7

4. AFR0.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 1.56, the valuation of AFR0 can be described as very cheap.
  • AFR0's Price/Earnings ratio is rather cheap when compared to the industry. AFR0 is cheaper than 100.00% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.61, AFR0 is valued rather cheaply.
  • AFR0 is valuated cheaply with a Price/Forward Earnings ratio of 2.09.
  • Based on the Price/Forward Earnings ratio, AFR0 is valued cheaper than 100.00% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.79, AFR0 is valued rather cheaply.
Industry RankSector Rank
PE 1.56
Fwd PE 2.09
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.
  • AFR0's Price/Free Cash Flow ratio is rather cheap when compared to the industry. AFR0 is cheaper than 100.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.88
EV/EBITDA 3.53
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

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 (3/25/2026, 7:00:00 PM)

9.114

+0.23 (+2.54%)

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 Cap2.39B
Revenue(TTM)33.01B
Net Income(TTM)949.00M
Analysts54.07
Price Target12.43 (36.38%)
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)5.38%
PT rev (3m)3.83%
EPS NQ rev (1m)0%
EPS NQ rev (3m)15.87%
EPS NY rev (1m)7.1%
EPS NY rev (3m)12.57%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.06%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)0.45%
Valuation
Industry RankSector Rank
PE 1.56
Fwd PE 2.09
P/S 0.07
P/FCF 2.88
P/OCF 0.48
P/B 31.51
P/tB N/A
EV/EBITDA 3.53
EPS(TTM)5.83
EY63.97%
EPS(NY)4.36
Fwd EY47.87%
FCF(TTM)3.16
FCFY34.7%
OCF(TTM)18.91
OCFY207.48%
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
WACC4.8%
ROIC/WACC1.35
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 Year4.71%
Revenue Next 2Y4.98%
Revenue Next 3Y4.51%
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 of AIR FRANCE-KLM (AFR0.DE) stock?

ChartMill assigns a valuation rating of 7 / 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 5 / 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 decline by -25.17% in the next year.