DELTA AIR LINES INC (DAL) Fundamental Analysis & Valuation

NYSE:DAL • US2473617023

Current stock price

70.22 USD
-0.99 (-1.39%)
At close:
71.0535 USD
+0.83 (+1.19%)
Pre-Market:

This DAL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. DAL Profitability Analysis

1.1 Basic Checks

  • In the past year DAL was profitable.
  • DAL had a positive operating cash flow in the past year.
  • In the past 5 years DAL has always been profitable.
  • DAL had a positive operating cash flow in each of the past 5 years.
DAL Yearly Net Income VS EBIT VS OCF VS FCFDAL 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 5B -5B -10B

1.2 Ratios

  • The Return On Assets of DAL (5.30%) is better than 72.73% of its industry peers.
  • With an excellent Return On Equity value of 21.97%, DAL belongs to the best of the industry, outperforming 86.36% of the companies in the same industry.
  • The Return On Invested Capital of DAL (8.63%) is better than 72.73% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for DAL is significantly below the industry average of 28.11%.
Industry RankSector Rank
ROA 5.3%
ROE 21.97%
ROIC 8.63%
ROA(3y)5.67%
ROA(5y)3.84%
ROE(3y)29.41%
ROE(5y)23.09%
ROIC(3y)9.49%
ROIC(5y)N/A
DAL Yearly ROA, ROE, ROICDAL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -200 -400 -600 -800

1.3 Margins

  • The Profit Margin of DAL (6.87%) is better than 77.27% of its industry peers.
  • In the last couple of years the Profit Margin of DAL has grown nicely.
  • With a decent Operating Margin value of 8.83%, DAL is doing good in the industry, outperforming 72.73% of the companies in the same industry.
  • In the last couple of years the Operating Margin of DAL has grown nicely.
  • With a Gross Margin value of 49.88%, DAL perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • In the last couple of years the Gross Margin of DAL has grown nicely.
Industry RankSector Rank
OM 8.83%
PM (TTM) 6.87%
GM 49.88%
OM growth 3Y9.53%
OM growth 5YN/A
PM growth 3Y44.73%
PM growth 5YN/A
GM growth 3Y5.38%
GM growth 5Y13.34%
DAL Yearly Profit, Operating, Gross MarginsDAL 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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4

2. DAL Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), DAL is creating some value.
  • Compared to 1 year ago, DAL has more shares outstanding
  • The number of shares outstanding for DAL has been increased compared to 5 years ago.
  • DAL has a better debt/assets ratio than last year.
DAL Yearly Shares OutstandingDAL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
DAL Yearly Total Debt VS Total AssetsDAL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B

2.2 Solvency

  • DAL has an Altman-Z score of 1.37. This is a bad value and indicates that DAL is not financially healthy and even has some risk of bankruptcy.
  • DAL has a better Altman-Z score (1.37) than 63.64% of its industry peers.
  • DAL has a debt to FCF ratio of 3.62. This is a good value and a sign of high solvency as DAL would need 3.62 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 3.62, DAL belongs to the best of the industry, outperforming 90.91% of the companies in the same industry.
  • A Debt/Equity ratio of 0.54 indicates that DAL is somewhat dependend on debt financing.
  • DAL's Debt to Equity ratio of 0.54 is amongst the best of the industry. DAL outperforms 90.91% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.54
Debt/FCF 3.62
Altman-Z 1.37
ROIC/WACC0.93
WACC9.28%
DAL Yearly LT Debt VS Equity VS FCFDAL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B

2.3 Liquidity

  • A Current Ratio of 0.42 indicates that DAL may have some problems paying its short term obligations.
  • The Current ratio of DAL (0.42) is worse than 77.27% of its industry peers.
  • A Quick Ratio of 0.36 indicates that DAL may have some problems paying its short term obligations.
  • DAL has a Quick ratio of 0.36. This is in the lower half of the industry: DAL underperforms 77.27% of its industry peers.
Industry RankSector Rank
Current Ratio 0.42
Quick Ratio 0.36
DAL Yearly Current Assets VS Current LiabilitesDAL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. DAL Growth Analysis

3.1 Past

  • DAL shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.76%.
  • The Earnings Per Share has been growing by 22.07% on average over the past years. This is a very strong growth
  • Looking at the last year, DAL shows a small growth in Revenue. The Revenue has grown by 5.24% in the last year.
  • The Revenue has been growing by 29.96% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-2.76%
EPS 3Y22.07%
EPS 5YN/A
EPS Q2Q%39.13%
Revenue 1Y (TTM)5.24%
Revenue growth 3Y7.8%
Revenue growth 5Y29.96%
Sales Q2Q%9.42%

3.2 Future

  • The Earnings Per Share is expected to grow by 0.03% on average over the next years.
  • Based on estimates for the next years, DAL will show a small growth in Revenue. The Revenue will grow by 4.95% on average per year.
EPS Next Y7.6%
EPS Next 2Y18.54%
EPS Next 3Y15.83%
EPS Next 5Y0.03%
Revenue Next Year11.21%
Revenue Next 2Y7.53%
Revenue Next 3Y6.96%
Revenue Next 5Y4.95%

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 decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
DAL Yearly Revenue VS EstimatesDAL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20B 40B 60B
DAL Yearly EPS VS EstimatesDAL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 5 -5 -10

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6

4. DAL Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 11.70, the valuation of DAL can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Earnings ratio of DAL indicates a somewhat cheap valuation: DAL is cheaper than 77.27% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.66. DAL is valued rather cheaply when compared to this.
  • DAL is valuated reasonably with a Price/Forward Earnings ratio of 8.59.
  • 81.82% of the companies in the same industry are more expensive than DAL, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 38.00, DAL is valued rather cheaply.
Industry RankSector Rank
PE 11.7
Fwd PE 8.59
DAL Price Earnings VS Forward Price EarningsDAL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DAL is on the same level as its industry peers.
  • 77.27% of the companies in the same industry are more expensive than DAL, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 11.77
EV/EBITDA 6.74
DAL Per share dataDAL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • DAL's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • DAL has a very decent profitability rating, which may justify a higher PE ratio.
  • DAL's earnings are expected to grow with 15.83% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.54
PEG (5Y)N/A
EPS Next 2Y18.54%
EPS Next 3Y15.83%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. DAL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.07%, DAL has a reasonable but not impressive dividend return.
  • DAL's Dividend Yield is a higher than the industry average which is at 0.85.
  • With a Dividend Yield of 1.07, DAL pays less dividend than the S&P500 average, which is at 1.81.
Industry RankSector Rank
Dividend Yield 1.07%

5.2 History

  • The dividend of DAL decreases each year by -14.50%.
  • DAL has been paying a dividend for at least 10 years, so it has a reliable track record.
  • DAL has decreased its dividend in the last 3 years.
Dividend Growth(5Y)-14.5%
Div Incr Years2
Div Non Decr Years2
DAL Yearly Dividends per shareDAL Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2023 2024 2025 2026 0.5 1

5.3 Sustainability

  • DAL pays out 10.50% of its income as dividend. This is a sustainable payout ratio.
DP10.5%
EPS Next 2Y18.54%
EPS Next 3Y15.83%
DAL Yearly Income VS Free CF VS DividendDAL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B -10B
DAL Dividend Payout.DAL Dividend Payout, showing the Payout Ratio.DAL Dividend Payout.PayoutRetained Earnings

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DAL Fundamentals: All Metrics, Ratios and Statistics

DELTA AIR LINES INC

NYSE:DAL (4/21/2026, 8:04:00 PM)

Premarket: 71.0535 +0.83 (+1.19%)

70.22

-0.99 (-1.39%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)04-08
Earnings (Next)07-08
Inst Owners86.39%
Inst Owner Change-0.1%
Ins Owners0.46%
Ins Owner Change23.19%
Market Cap46.13B
Revenue(TTM)65.18B
Net Income(TTM)4.48B
Analysts83.75
Price Target80.07 (14.03%)
Short Float %3.69%
Short Ratio1.93
Dividend
Industry RankSector Rank
Dividend Yield 1.07%
Yearly Dividend0.68
Dividend Growth(5Y)-14.5%
DP10.5%
Div Incr Years2
Div Non Decr Years2
Ex-Date02-26
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.59%
Min EPS beat(2)0.51%
Max EPS beat(2)10.67%
EPS beat(4)4
Avg EPS beat(4)5.74%
Min EPS beat(4)0.51%
Max EPS beat(4)10.67%
EPS beat(8)6
Avg EPS beat(8)5.36%
EPS beat(12)10
Avg EPS beat(12)7.3%
EPS beat(16)11
Avg EPS beat(16)3.78%
Revenue beat(2)1
Avg Revenue beat(2)-0.62%
Min Revenue beat(2)-1.57%
Max Revenue beat(2)0.34%
Revenue beat(4)1
Avg Revenue beat(4)-0.55%
Min Revenue beat(4)-1.57%
Max Revenue beat(4)0.34%
Revenue beat(8)2
Avg Revenue beat(8)-0.65%
Revenue beat(12)3
Avg Revenue beat(12)-0.64%
Revenue beat(16)7
Avg Revenue beat(16)1%
PT rev (1m)-3.68%
PT rev (3m)-1.38%
EPS NQ rev (1m)-45.48%
EPS NQ rev (3m)-44.95%
EPS NY rev (1m)-13.64%
EPS NY rev (3m)-13.33%
Revenue NQ rev (1m)4.92%
Revenue NQ rev (3m)5.75%
Revenue NY rev (1m)3.06%
Revenue NY rev (3m)4.79%
Valuation
Industry RankSector Rank
PE 11.7
Fwd PE 8.59
P/S 0.71
P/FCF 11.77
P/OCF 5.5
P/B 2.26
P/tB 9.9
EV/EBITDA 6.74
EPS(TTM)6
EY8.54%
EPS(NY)8.18
Fwd EY11.65%
FCF(TTM)5.96
FCFY8.49%
OCF(TTM)12.78
OCFY18.2%
SpS99.21
BVpS31.01
TBVpS7.09
PEG (NY)1.54
PEG (5Y)N/A
Graham Number64.7064 (-7.85%)
Profitability
Industry RankSector Rank
ROA 5.3%
ROE 21.97%
ROCE 11.12%
ROIC 8.63%
ROICexc 9.56%
ROICexgc 14.42%
OM 8.83%
PM (TTM) 6.87%
GM 49.88%
FCFM 6.01%
ROA(3y)5.67%
ROA(5y)3.84%
ROE(3y)29.41%
ROE(5y)23.09%
ROIC(3y)9.49%
ROIC(5y)N/A
ROICexc(3y)10.26%
ROICexc(5y)N/A
ROICexgc(3y)15.66%
ROICexgc(5y)N/A
ROCE(3y)12.24%
ROCE(5y)N/A
ROICexgc growth 3Y5.76%
ROICexgc growth 5YN/A
ROICexc growth 3Y10.02%
ROICexc growth 5YN/A
OM growth 3Y9.53%
OM growth 5YN/A
PM growth 3Y44.73%
PM growth 5YN/A
GM growth 3Y5.38%
GM growth 5Y13.34%
F-Score6
Asset Turnover0.77
Health
Industry RankSector Rank
Debt/Equity 0.54
Debt/FCF 3.62
Debt/EBITDA 1.35
Cap/Depr 183.26%
Cap/Sales 6.87%
Interest Coverage 250
Cash Conversion 102.42%
Profit Quality 87.51%
Current Ratio 0.42
Quick Ratio 0.36
Altman-Z 1.37
F-Score6
WACC9.28%
ROIC/WACC0.93
Cap/Depr(3y)205.39%
Cap/Depr(5y)216.16%
Cap/Sales(3y)8.2%
Cap/Sales(5y)9.61%
Profit Quality(3y)61.64%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-2.76%
EPS 3Y22.07%
EPS 5YN/A
EPS Q2Q%39.13%
EPS Next Y7.6%
EPS Next 2Y18.54%
EPS Next 3Y15.83%
EPS Next 5Y0.03%
Revenue 1Y (TTM)5.24%
Revenue growth 3Y7.8%
Revenue growth 5Y29.96%
Sales Q2Q%9.42%
Revenue Next Year11.21%
Revenue Next 2Y7.53%
Revenue Next 3Y6.96%
Revenue Next 5Y4.95%
EBIT growth 1Y-3.29%
EBIT growth 3Y18.07%
EBIT growth 5YN/A
EBIT Next Year49.3%
EBIT Next 3Y23.59%
EBIT Next 5Y21.71%
FCF growth 1Y249.51%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y26.49%
OCF growth 3Y9.44%
OCF growth 5YN/A

DELTA AIR LINES INC / DAL Fundamental Analysis FAQ

What is the fundamental rating for DAL stock?

ChartMill assigns a fundamental rating of 5 / 10 to DAL.


What is the valuation status of DELTA AIR LINES INC (DAL) stock?

ChartMill assigns a valuation rating of 6 / 10 to DELTA AIR LINES INC (DAL). This can be considered as Fairly Valued.


Can you provide the profitability details for DELTA AIR LINES INC?

DELTA AIR LINES INC (DAL) has a profitability rating of 7 / 10.


Can you provide the financial health for DAL stock?

The financial health rating of DELTA AIR LINES INC (DAL) is 4 / 10.


What is the expected EPS growth for DELTA AIR LINES INC (DAL) stock?

The Earnings per Share (EPS) of DELTA AIR LINES INC (DAL) is expected to grow by 7.6% in the next year.