RYANAIR HOLDINGS PLC (RYA.I) Fundamental Analysis & Valuation
DUB:RYA • IE00BYTBXV33
26.94 EUR
+0.54 (+2.05%)
Last: Mar 4, 2026, 11:10 AM
This RYA.I fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Taking everything into account, RYA scores 6 out of 10 in our fundamental rating. RYA was compared to 14 industry peers in the Passenger Airlines industry. Both the health and profitability get an excellent rating, making RYA a very profitable company, without any liquidiy or solvency issues. RYA is not valued too expensively and it also shows a decent growth rate. These ratings would make RYA suitable for quality investing!
1. RYA.I Profitability Analysis
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
- RYA has a Return On Assets of 13.97%. This is amongst the best in the industry. RYA outperforms 92.86% of its industry peers.
- RYA has a Return On Equity (25.52%) which is in line with its industry peers.
- RYA has a better Return On Invested Capital (23.29%) 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 9.03%.
- The 3 year average ROIC (15.59%) for RYA is below the current ROIC(23.29%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.97% | ||
| ROE | 25.52% | ||
| ROIC | 23.29% |
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
- RYA has a better Profit Margin (14.62%) than 92.86% of its industry peers.
- In the last couple of years the Profit Margin of RYA has grown nicely.
- Looking at the Operating Margin, with a value of 16.14%, RYA belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
- In the last couple of years the Operating Margin of RYA has declined.
- RYA's Gross Margin of 41.60% is on the low side compared to the rest of the industry. RYA is outperformed by 85.71% of its industry peers.
- In the last couple of years the Gross Margin of RYA has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.14% | ||
| PM (TTM) | 14.62% | ||
| GM | 41.6% |
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%
2. RYA.I Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 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.
- RYA has a better debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 3.09 indicates that RYA is not in any danger for bankruptcy at the moment.
- With an excellent Altman-Z score value of 3.09, RYA belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
- The Debt to FCF ratio of RYA is 0.68, which is an excellent value as it means it would take RYA, only 0.68 years of fcf income to pay off all of its debts.
- With an excellent Debt to FCF ratio value of 0.68, RYA belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
- 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 | 0.68 | ||
| Altman-Z | 3.09 |
ROIC/WACC3.12
WACC7.46%
2.3 Liquidity
- A Current Ratio of 0.67 indicates that RYA may have some problems paying its short term obligations.
- RYA has a better Current ratio (0.67) than 64.29% of its industry peers.
- A Quick Ratio of 0.67 indicates that RYA may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.67, RYA is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.67 | ||
| Quick Ratio | 0.67 |
3. RYA.I Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 47.56% over the past year.
- RYA shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 20.18% yearly.
- The Revenue has grown by 10.91% in the past year. This is quite good.
- Measured over the past years, RYA shows a quite strong growth in Revenue. The Revenue has been growing by 10.43% on average per year.
EPS 1Y (TTM)47.56%
EPS 3YN/A
EPS 5Y20.18%
EPS Q2Q%-19.12%
Revenue 1Y (TTM)10.91%
Revenue growth 3Y42.69%
Revenue growth 5Y10.43%
Sales Q2Q%8.62%
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 15.46% yearly.
- Based on estimates for the next years, RYA will show a small growth in Revenue. The Revenue will grow by 6.60% on average per year.
EPS Next Y46.75%
EPS Next 2Y30.53%
EPS Next 3Y22.82%
EPS Next 5Y15.46%
Revenue Next Year10.73%
Revenue Next 2Y8%
Revenue Next 3Y7.67%
Revenue Next 5Y6.6%
3.3 Evolution
- Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. RYA.I Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 12.25, RYA is valued correctly.
- 78.57% of the companies in the same industry are cheaper than RYA, based on the Price/Earnings ratio.
- When comparing the Price/Earnings ratio of RYA to the average of the S&P500 Index (26.83), we can say RYA is valued rather cheaply.
- A Price/Forward Earnings ratio of 10.88 indicates a reasonable valuation of RYA.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of RYA indicates a rather expensive valuation: RYA more expensive than 85.71% of the companies listed in the same industry.
- RYA is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.95, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.25 | ||
| Fwd PE | 10.88 |
4.2 Price Multiples
- RYA's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. RYA is cheaper than 64.29% of the companies in the same industry.
- RYA's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.63 | ||
| EV/EBITDA | 3.41 |
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.
- RYA's earnings are expected to grow with 22.82% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.26
PEG (5Y)0.61
EPS Next 2Y30.53%
EPS Next 3Y22.82%
5. RYA.I Dividend Analysis
5.1 Amount
- No dividends for RYA!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
RYA.I Fundamentals: All Metrics, Ratios and Statistics
DUB:RYA (3/4/2026, 11:10:01 AM)
26.94
+0.54 (+2.05%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)01-26 2026-01-26/bmo
Earnings (Next)05-18 2026-05-18/bmo
Inst Owners45.04%
Inst Owner ChangeN/A
Ins Owners4.16%
Ins Owner ChangeN/A
Market Cap14.12B
Revenue(TTM)15.33B
Net Income(TTM)2.24B
Analysts77.6
Price Target32.74 (21.53%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly Dividend0.4
Dividend Growth(5Y)N/A
DP21.47%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.78%
Min EPS beat(2)-2.5%
Max EPS beat(2)18.06%
EPS beat(4)3
Avg EPS beat(4)12.07%
Min EPS beat(4)-2.5%
Max EPS beat(4)27.68%
EPS beat(8)5
Avg EPS beat(8)20.63%
EPS beat(12)7
Avg EPS beat(12)11.87%
EPS beat(16)9
Avg EPS beat(16)11.52%
Revenue beat(2)1
Avg Revenue beat(2)-0.36%
Min Revenue beat(2)-0.78%
Max Revenue beat(2)0.07%
Revenue beat(4)2
Avg Revenue beat(4)0.2%
Min Revenue beat(4)-1.15%
Max Revenue beat(4)2.67%
Revenue beat(8)4
Avg Revenue beat(8)-1.06%
Revenue beat(12)6
Avg Revenue beat(12)-0.7%
Revenue beat(16)9
Avg Revenue beat(16)-0.27%
PT rev (1m)4.85%
PT rev (3m)8.63%
EPS NQ rev (1m)-2.56%
EPS NQ rev (3m)-2.56%
EPS NY rev (1m)0%
EPS NY rev (3m)2.35%
Revenue NQ rev (1m)0.37%
Revenue NQ rev (3m)0.04%
Revenue NY rev (1m)0.67%
Revenue NY rev (3m)1.68%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.25 | ||
| Fwd PE | 10.88 | ||
| P/S | 0.92 | ||
| P/FCF | 6.63 | ||
| P/OCF | 3.51 | ||
| P/B | 1.61 | ||
| P/tB | 1.64 | ||
| EV/EBITDA | 3.41 |
EPS(TTM)2.2
EY8.17%
EPS(NY)2.48
Fwd EY9.2%
FCF(TTM)4.06
FCFY15.08%
OCF(TTM)7.68
OCFY28.51%
SpS29.24
BVpS16.75
TBVpS16.47
PEG (NY)0.26
PEG (5Y)0.61
Graham Number28.79
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.97% | ||
| ROE | 25.52% | ||
| ROCE | 25.82% | ||
| ROIC | 23.29% | ||
| ROICexc | 31.03% | ||
| ROICexgc | 31.68% | ||
| OM | 16.14% | ||
| PM (TTM) | 14.62% | ||
| GM | 41.6% | ||
| FCFM | 13.89% |
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
ROICexgc growth 3YN/A
ROICexgc 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 Turnover0.96
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.68 | ||
| Debt/EBITDA | 0.06 | ||
| Cap/Depr | 144.91% | ||
| Cap/Sales | 12.37% | ||
| Interest Coverage | 42.67 | ||
| Cash Conversion | 106.43% | ||
| Profit Quality | 95.04% | ||
| Current Ratio | 0.67 | ||
| Quick Ratio | 0.67 | ||
| Altman-Z | 3.09 |
F-Score8
WACC7.46%
ROIC/WACC3.12
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)47.56%
EPS 3YN/A
EPS 5Y20.18%
EPS Q2Q%-19.12%
EPS Next Y46.75%
EPS Next 2Y30.53%
EPS Next 3Y22.82%
EPS Next 5Y15.46%
Revenue 1Y (TTM)10.91%
Revenue growth 3Y42.69%
Revenue growth 5Y10.43%
Sales Q2Q%8.62%
Revenue Next Year10.73%
Revenue Next 2Y8%
Revenue Next 3Y7.67%
Revenue Next 5Y6.6%
EBIT growth 1Y44.64%
EBIT growth 3YN/A
EBIT growth 5Y6.68%
EBIT Next Year124.2%
EBIT Next 3Y39.02%
EBIT Next 5Y24.29%
FCF growth 1Y142.06%
FCF growth 3Y34.9%
FCF growth 5Y20.02%
OCF growth 1Y16.46%
OCF growth 3Y20.74%
OCF growth 5Y20.81%
RYANAIR HOLDINGS PLC / RYA.I FAQ
Can you provide the ChartMill fundamental rating for RYANAIR HOLDINGS PLC?
ChartMill assigns a fundamental rating of 6 / 10 to RYA.I.
What is the valuation status for RYA stock?
ChartMill assigns a valuation rating of 6 / 10 to RYANAIR HOLDINGS PLC (RYA.I). This can be considered as Fairly Valued.
How profitable is RYANAIR HOLDINGS PLC (RYA.I) stock?
RYANAIR HOLDINGS PLC (RYA.I) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for RYA stock?
The Price/Earnings (PE) ratio for RYANAIR HOLDINGS PLC (RYA.I) is 12.25 and the Price/Book (PB) ratio is 1.61.
Can you provide the financial health for RYA stock?
The financial health rating of RYANAIR HOLDINGS PLC (RYA.I) is 8 / 10.