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RYANAIR HOLDINGS PLC (RYA.I) Stock Fundamental Analysis

Europe - DUB:RYA - IE00BYTBXV33 - Common Stock

25.15 EUR
+0.22 (+0.88%)
Last: 10/16/2025, 4:54:10 PM
Fundamental Rating

6

Taking everything into account, RYA scores 6 out of 10 in our fundamental rating. RYA was compared to 13 industry peers in the Passenger Airlines industry. RYA has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. RYA has a correct valuation and a medium growth rate. This makes RYA very considerable for quality investing!


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

In the past year RYA was profitable.
RYA had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: RYA reported negative net income in multiple years.
Of the past 5 years RYA 4 years had a positive operating cash flow.
RYA.I Yearly Net Income VS EBIT VS OCF VS FCFRYA.I 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

1.2 Ratios

With an excellent Return On Assets value of 11.46%, RYA belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
The Return On Equity of RYA (27.99%) is better than 76.92% of its industry peers.
RYA has a better Return On Invested Capital (22.96%) than 100.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for RYA is significantly above the industry average of 9.96%.
The 3 year average ROIC (15.59%) for RYA is below the current ROIC(22.96%), indicating increased profibility in the last year.
Industry RankSector 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
RYA.I Yearly ROA, ROE, ROICRYA.I Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

1.3 Margins

RYA has a better Profit Margin (14.13%) than 92.31% of its industry peers.
In the last couple of years the Profit Margin of RYA has grown nicely.
RYA has a better Operating Margin (14.36%) than 92.31% of its industry peers.
In the last couple of years the Operating Margin of RYA has declined.
Looking at the Gross Margin, with a value of 40.89%, RYA is doing worse than 84.62% of the companies in the same industry.
In the last couple of years the Gross Margin of RYA has declined.
Industry RankSector 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%
RYA.I Yearly Profit, Operating, Gross MarginsRYA.I 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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7

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), RYA is creating value.
The number of shares outstanding for RYA has been reduced compared to 1 year ago.
The number of shares outstanding for RYA has been reduced compared to 5 years ago.
RYA has a better debt/assets ratio than last year.
RYA.I Yearly Shares OutstandingRYA.I Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
RYA.I Yearly Total Debt VS Total AssetsRYA.I Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

An Altman-Z score of 2.18 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 2.18, 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.
RYA's Debt to FCF ratio of 1.12 is amongst the best of the industry. RYA outperforms 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 better Debt to Equity ratio (0.03) than 100.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 1.12
Altman-Z 2.18
ROIC/WACC3.18
WACC7.21%
RYA.I Yearly LT Debt VS Equity VS FCFRYA.I Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B

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 comparable to the rest of the industry.
A Quick Ratio of 0.66 indicates that RYA may have some problems paying its short term obligations.
RYA has a better Quick ratio (0.66) than 69.23% of its industry peers.
Industry RankSector Rank
Current Ratio 0.66
Quick Ratio 0.66
RYA.I Yearly Current Assets VS Current LiabilitesRYA.I Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

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6

3. Growth

3.1 Past

RYA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 35.59%, 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
The Revenue has grown by 9.24% in the past year. This is quite good.
RYA shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.43% yearly.
EPS 1Y (TTM)35.59%
EPS 3YN/A
EPS 5Y20.18%
EPS Q2Q%143.17%
Revenue 1Y (TTM)9.24%
Revenue growth 3Y42.69%
Revenue growth 5Y10.43%
Sales Q2Q%19.62%

3.2 Future

RYA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.11% yearly.
Based on estimates for the next years, RYA will show a small growth in Revenue. The Revenue will grow by 5.58% on average per year.
EPS Next Y42.29%
EPS Next 2Y27.4%
EPS Next 3Y21.15%
EPS Next 5Y15.11%
Revenue Next Year8.77%
Revenue Next 2Y6.97%
Revenue Next 3Y7.02%
Revenue Next 5Y5.58%

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.
RYA.I Yearly Revenue VS EstimatesRYA.I Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 5B 10B 15B 20B
RYA.I Yearly EPS VS EstimatesRYA.I Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0 1 2 3 4

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6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 13.17, which indicates a correct valuation of RYA.
92.31% of the companies in the same industry are cheaper than RYA, based on the Price/Earnings ratio.
RYA is valuated cheaply when we compare the Price/Earnings ratio to 27.53, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 10.66, which indicates a very decent valuation of RYA.
92.31% of the companies in the same industry are cheaper than RYA, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.04, RYA is valued rather cheaply.
Industry RankSector Rank
PE 13.17
Fwd PE 10.66
RYA.I Price Earnings VS Forward Price EarningsRYA.I Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, RYA is valued a bit cheaper than the industry average as 61.54% of the companies are valued more expensively.
The rest of the industry has a similar Price/Free Cash Flow ratio as RYA.
Industry RankSector Rank
P/FCF 6.42
EV/EBITDA 3.12
RYA.I Per share dataRYA.I EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

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.
The decent profitability rating of RYA may justify a higher PE ratio.
RYA's earnings are expected to grow with 21.15% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.31
PEG (5Y)0.65
EPS Next 2Y27.4%
EPS Next 3Y21.15%

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0

5. Dividend

5.1 Amount

No dividends for RYA!.
Industry RankSector Rank
Dividend Yield N/A

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RYANAIR HOLDINGS PLC

DUB:RYA (10/16/2025, 4:54:10 PM)

25.15

+0.22 (+0.88%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)07-21 2025-07-21/bmo
Earnings (Next)11-03 2025-11-03
Inst Owners53.84%
Inst Owner ChangeN/A
Ins Owners4.13%
Ins Owner ChangeN/A
Market Cap13.31B
Analysts80
Price Target28.3 (12.52%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.4
Dividend Growth(5Y)N/A
DP21.13%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)16.36%
Min EPS beat(2)5.03%
Max EPS beat(2)27.68%
EPS beat(4)4
Avg EPS beat(4)50.67%
Min EPS beat(4)0.65%
Max EPS beat(4)169.31%
EPS beat(8)4
Avg EPS beat(8)7.71%
EPS beat(12)6
Avg EPS beat(12)8.09%
EPS beat(16)9
Avg EPS beat(16)9.2%
Revenue beat(2)1
Avg Revenue beat(2)0.76%
Min Revenue beat(2)-1.15%
Max Revenue beat(2)2.67%
Revenue beat(4)2
Avg Revenue beat(4)0.14%
Min Revenue beat(4)-2.22%
Max Revenue beat(4)2.67%
Revenue beat(8)3
Avg Revenue beat(8)-1.22%
Revenue beat(12)6
Avg Revenue beat(12)-0.68%
Revenue beat(16)8
Avg Revenue beat(16)-0.81%
PT rev (1m)-0.42%
PT rev (3m)8.78%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.16%
EPS NY rev (1m)-0.36%
EPS NY rev (3m)9.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.55%
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)2.33%
Valuation
Industry RankSector Rank
PE 13.17
Fwd PE 10.66
P/S 0.91
P/FCF 6.42
P/OCF 3.55
P/B 1.8
P/tB 1.83
EV/EBITDA 3.12
EPS(TTM)1.91
EY7.59%
EPS(NY)2.36
Fwd EY9.38%
FCF(TTM)3.92
FCFY15.57%
OCF(TTM)7.08
OCFY28.15%
SpS27.69
BVpS13.98
TBVpS13.71
PEG (NY)0.31
PEG (5Y)0.65
Profitability
Industry RankSector Rank
ROA 11.46%
ROE 27.99%
ROCE 25.45%
ROIC 22.96%
ROICexc 48.39%
ROICexgc 50.27%
OM 14.36%
PM (TTM) 14.13%
GM 40.89%
FCFM 14.14%
ROA(3y)9.46%
ROA(5y)3.71%
ROE(3y)23.79%
ROE(5y)9.03%
ROIC(3y)15.59%
ROIC(5y)N/A
ROICexc(3y)28.01%
ROICexc(5y)N/A
ROICexgc(3y)28.81%
ROICexgc(5y)N/A
ROCE(3y)17.28%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y6.99%
ROICexc growth 3YN/A
ROICexc growth 5Y6.98%
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%
F-Score8
Asset Turnover0.81
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 1.12
Debt/EBITDA 0.07
Cap/Depr 134.5%
Cap/Sales 11.42%
Interest Coverage 31.19
Cash Conversion 111.85%
Profit Quality 100.09%
Current Ratio 0.66
Quick Ratio 0.66
Altman-Z 2.18
F-Score8
WACC7.21%
ROIC/WACC3.18
Cap/Depr(3y)187%
Cap/Depr(5y)155.37%
Cap/Sales(3y)15.56%
Cap/Sales(5y)17.86%
Profit Quality(3y)102%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)35.59%
EPS 3YN/A
EPS 5Y20.18%
EPS Q2Q%143.17%
EPS Next Y42.29%
EPS Next 2Y27.4%
EPS Next 3Y21.15%
EPS Next 5Y15.11%
Revenue 1Y (TTM)9.24%
Revenue growth 3Y42.69%
Revenue growth 5Y10.43%
Sales Q2Q%19.62%
Revenue Next Year8.77%
Revenue Next 2Y6.97%
Revenue Next 3Y7.02%
Revenue Next 5Y5.58%
EBIT growth 1Y22.76%
EBIT growth 3YN/A
EBIT growth 5Y6.68%
EBIT Next Year114.4%
EBIT Next 3Y37.19%
EBIT Next 5Y23.89%
FCF growth 1Y77.21%
FCF growth 3Y34.9%
FCF growth 5Y20.02%
OCF growth 1Y0.41%
OCF growth 3Y20.74%
OCF growth 5Y20.81%