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

FRA:AFR0 • FR001400J770

12.315 EUR
-0.82 (-6.24%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Taking everything into account, AFR0 scores 4 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. A decent growth rate in combination with a cheap valuation! Better keep an eye on AFR0.


Dividend Valuation Growth Profitability Health

5

1. Profitability

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.
  • 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

  • With a Return On Assets value of 2.46%, AFR0 is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
  • The Return On Equity of AFR0 (1248.68%) is better than 92.86% of its industry peers.
  • The Return On Invested Capital of AFR0 (6.48%) is worse than 64.29% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for AFR0 is below the industry average of 9.03%.
  • 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

  • With a Profit Margin value of 2.90%, AFR0 is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
  • AFR0's Profit Margin has improved in the last couple of years.
  • AFR0's Operating Margin of 6.12% is in line compared to the rest of the industry. AFR0 outperforms 42.86% of its industry peers.
  • 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 50.00% of its industry peers.
  • 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. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), AFR0 is creating some value.
  • AFR0 has about the same amout of shares outstanding than it did 1 year ago.
  • AFR0 has more shares outstanding than it did 5 years ago.
  • AFR0 has a better debt/assets ratio than last year.
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 0.55, we must say that AFR0 is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of AFR0 (0.55) is worse than 64.29% 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.
  • AFR0 has a Debt to FCF ratio of 17.97. This is in the lower half of the industry: AFR0 underperforms 78.57% 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 worse Debt to Equity ratio (163.37) than 85.71% of its industry peers.
Industry RankSector Rank
Debt/Equity 163.37
Debt/FCF 17.97
Altman-Z 0.55
ROIC/WACC1.22
WACC5.29%
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 64.29% of its industry peers.
  • 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.
  • AFR0's Quick ratio of 0.60 is on the low side compared to the rest of the industry. AFR0 is outperformed by 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 2025 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

  • 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.
  • The Revenue has been growing slightly by 4.92% in the past year.
  • Measured over the past years, AFR0 shows a very strong growth in Revenue. The Revenue has been growing by 24.38% on average per year.
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 decrease in Earnings Per Share. The EPS will decrease by -3.39% on average per year.
  • The Revenue is expected to grow by 3.24% on average over the next years.
EPS Next Y-30.13%
EPS Next 2Y-8.28%
EPS Next 3Y-2.44%
EPS Next 5Y-3.39%
Revenue Next Year4.53%
Revenue Next 2Y5.06%
Revenue Next 3Y3.43%
Revenue Next 5Y3.24%

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
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

7

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 2.11, the valuation of AFR0 can be described as very cheap.
  • Based on the Price/Earnings ratio, AFR0 is valued cheaply inside the industry as 92.86% 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 27.13.
  • AFR0 is valuated cheaply with a Price/Forward Earnings ratio of 3.02.
  • 92.86% of the companies in the same industry are more expensive than AFR0, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.11, AFR0 is valued rather cheaply.
Industry RankSector Rank
PE 2.11
Fwd PE 3.02
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 in line with the industry average.
  • 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 3.89
EV/EBITDA 3.71
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

  • A cheap valuation may be justified as AFR0's earnings are expected to decrease with -2.44% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-8.28%
EPS Next 3Y-2.44%

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 (2/27/2026, 7:00:00 PM)

12.315

-0.82 (-6.24%)

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 Cap3.24B
Revenue(TTM)33.01B
Net Income(TTM)949.00M
Analysts67.86
Price Target12.43 (0.93%)
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)6.18%
PT rev (3m)3.51%
EPS NQ rev (1m)15.87%
EPS NQ rev (3m)139.22%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.07%
Revenue NQ rev (1m)0.06%
Revenue NQ rev (3m)-0.7%
Revenue NY rev (1m)0.31%
Revenue NY rev (3m)0.09%
Valuation
Industry RankSector Rank
PE 2.11
Fwd PE 3.02
P/S 0.1
P/FCF 3.89
P/OCF 0.65
P/B 42.58
P/tB N/A
EV/EBITDA 3.71
EPS(TTM)5.83
EY47.34%
EPS(NY)4.07
Fwd EY33.08%
FCF(TTM)3.16
FCFY25.68%
OCF(TTM)18.91
OCFY153.55%
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 0.55
F-Score6
WACC5.29%
ROIC/WACC1.22
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-30.13%
EPS Next 2Y-8.28%
EPS Next 3Y-2.44%
EPS Next 5Y-3.39%
Revenue 1Y (TTM)4.92%
Revenue growth 3Y7.74%
Revenue growth 5Y24.38%
Sales Q2Q%3.91%
Revenue Next Year4.53%
Revenue Next 2Y5.06%
Revenue Next 3Y3.43%
Revenue Next 5Y3.24%
EBIT growth 1Y118.32%
EBIT growth 3Y25.06%
EBIT growth 5YN/A
EBIT Next Year179.84%
EBIT Next 3Y48.64%
EBIT Next 5Y26.7%
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 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 -30.13% in the next year.