AIR FRANCE-KLM (AFR0.DE) Stock Fundamental Analysis
FRA:AFR0 - FR001400J770 - Common Stock
13.17 EUR
+0.06 (+0.5%)
AFR0 gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 12 industry peers in the Passenger Airlines industry. AFR0 may be in some trouble as it scores bad on both profitability and health. AFR0 is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year AFR0 was profitable.
AFR0 had a positive operating cash flow in the past year.
In multiple years AFR0 reported negative net income over the last 5 years.
Of the past 5 years AFR0 4 years had a positive operating cash flow.
1.2 Ratios
AFR0 has a worse Return On Assets (2.72%) than 75.00% of its industry peers.
AFR0 has a Return On Invested Capital (8.56%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for AFR0 is below the industry average of 9.96%.
The last Return On Invested Capital (8.56%) for AFR0 is above the 3 year average (6.06%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.72% | ||
| ROE | N/A | ||
| ROIC | 8.56% |
ROA(3y)1.58%
ROA(5y)-6%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)6.06%
ROIC(5y)N/A
1.3 Margins
AFR0 has a Profit Margin of 3.03%. This is in the lower half of the industry: AFR0 underperforms 75.00% of its industry peers.
In the last couple of years the Profit Margin of AFR0 has declined.
AFR0 has a Operating Margin (6.11%) which is in line with its industry peers.
In the last couple of years the Operating Margin of AFR0 has grown nicely.
The Gross Margin of AFR0 (45.70%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of AFR0 has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.11% | ||
| PM (TTM) | 3.03% | ||
| GM | 45.7% |
OM growth 3YN/A
OM growth 5Y3.22%
PM growth 3YN/A
PM growth 5Y-5.03%
GM growth 3Y0.72%
GM growth 5Y-1.01%
2. Health
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.
The number of shares outstanding for AFR0 has been increased compared to 5 years ago.
The debt/assets ratio for AFR0 is higher compared to a year ago.
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.
With a Altman-Z score value of 0.55, AFR0 is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
AFR0 has a debt to FCF ratio of 16.17. This is a negative value and a sign of low solvency as AFR0 would need 16.17 years to pay back of all of its debts.
AFR0 has a Debt to FCF ratio (16.17) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 16.17 | ||
| Altman-Z | 0.55 |
ROIC/WACC1.38
WACC6.2%
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 75.00% of its industry peers.
A Quick Ratio of 0.59 indicates that AFR0 may have some problems paying its short term obligations.
AFR0 has a worse Quick ratio (0.59) than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.59 |
3. Growth
3.1 Past
AFR0 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 76.36%, which is quite impressive.
Measured over the past years, AFR0 shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -24.31% on average per year.
AFR0 shows a small growth in Revenue. In the last year, the Revenue has grown by 5.85%.
AFR0 shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.96% yearly.
EPS 1Y (TTM)76.36%
EPS 3YN/A
EPS 5Y-24.31%
EPS Q2Q%378.26%
Revenue 1Y (TTM)5.85%
Revenue growth 3Y30.01%
Revenue growth 5Y2.96%
Sales Q2Q%6.21%
3.2 Future
AFR0 is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 35.33% yearly.
Based on estimates for the next years, AFR0 will show a small growth in Revenue. The Revenue will grow by 3.17% on average per year.
EPS Next Y245.72%
EPS Next 2Y96.79%
EPS Next 3Y63.64%
EPS Next 5Y35.33%
Revenue Next Year5.78%
Revenue Next 2Y4.97%
Revenue Next 3Y5.18%
Revenue Next 5Y3.17%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
AFR0 is valuated cheaply with a Price/Earnings ratio of 3.56.
100.00% of the companies in the same industry are more expensive than AFR0, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.02. AFR0 is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 2.98 indicates a rather cheap valuation of AFR0.
Based on the Price/Forward Earnings ratio, AFR0 is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.66. AFR0 is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.56 | ||
| Fwd PE | 2.98 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AFR0 is valued a bit cheaper than 66.67% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AFR0 indicates a rather cheap valuation: AFR0 is cheaper than 100.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.86 | ||
| EV/EBITDA | 2.65 |
4.3 Compensation for Growth
AFR0's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as AFR0's earnings are expected to grow with 63.64% in the coming years.
PEG (NY)0.01
PEG (5Y)N/A
EPS Next 2Y96.79%
EPS Next 3Y63.64%
5. Dividend
5.1 Amount
AFR0 does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
FRA:AFR0 (9/8/2025, 7:00:00 PM)
13.17
+0.06 (+0.5%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners8.37%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap3.46B
Analysts70
Price Target12 (-8.88%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0
Dividend Growth(5Y)-58.45%
DP0.2%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)77.54%
Min EPS beat(2)25.42%
Max EPS beat(2)129.67%
EPS beat(4)3
Avg EPS beat(4)50.51%
Min EPS beat(4)-13.15%
Max EPS beat(4)129.67%
EPS beat(8)5
Avg EPS beat(8)10.98%
EPS beat(12)8
Avg EPS beat(12)112.98%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-1.79%
Min Revenue beat(2)-2.99%
Max Revenue beat(2)-0.58%
Revenue beat(4)0
Avg Revenue beat(4)-1.49%
Min Revenue beat(4)-2.99%
Max Revenue beat(4)-0.23%
Revenue beat(8)0
Avg Revenue beat(8)-2.45%
Revenue beat(12)2
Avg Revenue beat(12)-1.65%
Revenue beat(16)4
Avg Revenue beat(16)-0.97%
PT rev (1m)29.14%
PT rev (3m)35.37%
EPS NQ rev (1m)5.03%
EPS NQ rev (3m)N/A
EPS NY rev (1m)11.11%
EPS NY rev (3m)11.11%
Revenue NQ rev (1m)0.1%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)0.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.56 | ||
| Fwd PE | 2.98 | ||
| P/S | 0.11 | ||
| P/FCF | 3.86 | ||
| P/OCF | 0.71 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 2.65 |
EPS(TTM)3.7
EY28.09%
EPS(NY)4.41
Fwd EY33.52%
FCF(TTM)3.41
FCFY25.92%
OCF(TTM)18.54
OCFY140.81%
SpS123.55
BVpS-6.71
TBVpS-11.95
PEG (NY)0.01
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.72% | ||
| ROE | N/A | ||
| ROCE | 9.98% | ||
| ROIC | 8.56% | ||
| ROICexc | 10.83% | ||
| ROICexgc | 11.87% | ||
| OM | 6.11% | ||
| PM (TTM) | 3.03% | ||
| GM | 45.7% | ||
| FCFM | 2.76% |
ROA(3y)1.58%
ROA(5y)-6%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)6.06%
ROIC(5y)N/A
ROICexc(3y)9.52%
ROICexc(5y)N/A
ROICexgc(3y)10.72%
ROICexgc(5y)N/A
ROCE(3y)7.14%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y5.52%
ROICexc growth 3YN/A
ROICexc growth 5Y5.83%
OM growth 3YN/A
OM growth 5Y3.22%
PM growth 3YN/A
PM growth 5Y-5.03%
GM growth 3Y0.72%
GM growth 5Y-1.01%
F-Score5
Asset Turnover0.9
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 16.17 | ||
| Debt/EBITDA | 2.51 | ||
| Cap/Depr | 143.07% | ||
| Cap/Sales | 12.25% | ||
| Interest Coverage | 2.9 | ||
| Cash Conversion | 102.31% | ||
| Profit Quality | 91.07% | ||
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.59 | ||
| Altman-Z | 0.55 |
F-Score5
WACC6.2%
ROIC/WACC1.38
Cap/Depr(3y)135.34%
Cap/Depr(5y)114.46%
Cap/Sales(3y)11.65%
Cap/Sales(5y)13.85%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)76.36%
EPS 3YN/A
EPS 5Y-24.31%
EPS Q2Q%378.26%
EPS Next Y245.72%
EPS Next 2Y96.79%
EPS Next 3Y63.64%
EPS Next 5Y35.33%
Revenue 1Y (TTM)5.85%
Revenue growth 3Y30.01%
Revenue growth 5Y2.96%
Sales Q2Q%6.21%
Revenue Next Year5.78%
Revenue Next 2Y4.97%
Revenue Next 3Y5.18%
Revenue Next 5Y3.17%
EBIT growth 1Y87.35%
EBIT growth 3YN/A
EBIT growth 5Y6.27%
EBIT Next Year245.03%
EBIT Next 3Y58.73%
EBIT Next 5Y34.74%
FCF growth 1Y-25.56%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y18.39%
OCF growth 3Y31.6%
OCF growth 5Y-2.14%