RYANAIR HOLDINGS PLC (RYA.I) Stock Fundamental Analysis

Europe - Euronext Dublin - DUB:RYA - IE00BYTBXV33 - Common Stock

28.71 EUR

-0.7 (-2.38%)

Last: 1/23/2026, 7:00:00 PM

Fundamental Rating

RYA gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 14 industry peers in the Passenger Airlines industry. RYA scores excellent points on both the profitability and health parts. This is a solid base for a good stock. RYA is not valued too expensively and it also shows a decent growth rate. These ratings could make RYA a good candidate for quality investing.

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1. Profitability

1.1 Basic Checks

RYA had positive earnings in the past year.
In the past year RYA had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: RYA reported negative net income in multiple years.
RYA had a positive operating cash flow in 4 of the past 5 years.

1.2 Ratios

Looking at the Return On Assets, with a value of 11.46%, RYA belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
RYA has a Return On Equity of 27.99%. This is in the better half of the industry: RYA outperforms 64.29% of its industry peers.
The Return On Invested Capital of RYA (22.96%) is better than 100.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for RYA is significantly above the industry average of 9.17%.
The last Return On Invested Capital (22.96%) for RYA is above the 3 year average (15.59%), which is a sign of increasing profitability.

		Industry Rank	Sector Rank
ROA	11.46%
ROE	27.99%
ROIC	22.96%

ROA(3y)9.46%

ROA(5y)3.71%

ROE(3y)23.79%

ROE(5y)9.03%

ROIC(3y)15.59%

ROIC(5y)N/A

1.3 Margins

With an excellent Profit Margin value of 14.13%, RYA belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
In the last couple of years the Profit Margin of RYA has grown nicely.
RYA has a Operating Margin of 14.36%. This is amongst the best in the industry. RYA outperforms 92.86% of its industry peers.
RYA's Operating Margin has declined in the last couple of years.
RYA has a worse Gross Margin (40.89%) than 85.71% of its industry peers.
In the last couple of years the Gross Margin of RYA has declined.

		Industry Rank	Sector Rank
OM	14.36%
PM (TTM)	14.13%
GM	40.89%

OM growth 3YN/A

OM growth 5Y-3.39%

PM growth 3YN/A

PM growth 5Y8.63%

GM growth 3Y7.87%

GM growth 5Y-1.58%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so RYA is creating value.
Compared to 1 year ago, RYA has less shares outstanding
RYA has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, RYA has an improved debt to assets ratio.

2.2 Solvency

An Altman-Z score of 2.28 indicates that RYA is not a great score, but indicates only limited risk for bankruptcy at the moment.
With an excellent Altman-Z score value of 2.28, RYA belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
RYA has a debt to FCF ratio of 1.12. This is a very positive value and a sign of high solvency as it would only need 1.12 years to pay back of all of its debts.
The Debt to FCF ratio of RYA (1.12) is better than 100.00% of its industry peers.
RYA has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
RYA has a Debt to Equity ratio of 0.03. This is amongst the best in the industry. RYA outperforms 100.00% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.03
Debt/FCF	1.12
Altman-Z	2.28

ROIC/WACC2.97

WACC7.72%

2.3 Liquidity

RYA has a Current Ratio of 0.66. This is a bad value and indicates that RYA is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of RYA (0.66) is better than 64.29% of its industry peers.
RYA has a Quick Ratio of 0.66. This is a bad value and indicates that RYA is not financially healthy enough and could expect problems in meeting its short term obligations.
RYA has a Quick ratio of 0.66. This is in the better half of the industry: RYA outperforms 71.43% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	0.66
Quick Ratio	0.66

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

RYA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 62.70%, which is quite impressive.
The Earnings Per Share has been growing by 20.18% on average over the past years. This is a very strong growth
RYA shows a small growth in Revenue. In the last year, the Revenue has grown by 3.75%.
The Revenue has been growing by 10.43% on average over the past years. This is quite good.

EPS 1Y (TTM)62.7%

EPS 3YN/A

EPS 5Y20.18%

EPS Q2Q%25.21%

Revenue 1Y (TTM)3.75%

Revenue growth 3Y42.69%

Revenue growth 5Y10.43%

Sales Q2Q%8.17%

3.2 Future

The Earnings Per Share is expected to grow by 14.82% on average over the next years. This is quite good.
RYA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.63% yearly.

EPS Next Y46.75%

EPS Next 2Y30.53%

EPS Next 3Y22.82%

EPS Next 5Y14.82%

Revenue Next Year9.99%

Revenue Next 2Y7.64%

Revenue Next 3Y7.51%

Revenue Next 5Y5.63%

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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.

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 12.87, which indicates a correct valuation of RYA.
Compared to the rest of the industry, the Price/Earnings ratio of RYA indicates a slightly more expensive valuation: RYA is more expensive than 78.57% of the companies listed in the same industry.
RYA is valuated cheaply when we compare the Price/Earnings ratio to 27.21, which is the current average of the S&P500 Index.
RYA is valuated reasonably with a Price/Forward Earnings ratio of 11.59.
Based on the Price/Forward Earnings ratio, RYA is valued more expensive than 85.71% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 25.98. RYA is valued rather cheaply when compared to this.

		Industry Rank	Sector Rank
PE	12.87
Fwd PE	11.59

4.2 Price Multiples

RYA's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of RYA indicates a somewhat cheap valuation: RYA is cheaper than 64.29% of the companies listed in the same industry.

		Industry Rank	Sector Rank
P/FCF	7.27
EV/EBITDA	3.68

4.3 Compensation for Growth

RYA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
RYA has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as RYA's earnings are expected to grow with 22.82% in the coming years.