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RYANAIR HOLDINGS PLC (RYA.I) Stock Fundamental Analysis

DUB:RYA - Euronext Dublin - IE00BYTBXV33 - Common Stock - Currency: EUR

25.97  +0.73 (+2.89%)

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to RYA. RYA was compared to 12 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 has a correct valuation and a medium growth rate. These ratings could make RYA a good candidate 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.
In multiple years RYA reported negative net income over the last 5 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

The Return On Assets of RYA (11.46%) is better than 91.67% of its industry peers.
Looking at the Return On Equity, with a value of 27.99%, RYA is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
RYA's Return On Invested Capital of 22.96% is amongst the best of the industry. RYA outperforms 100.00% of its industry peers.
RYA had an Average Return On Invested Capital over the past 3 years of 15.59%. This is significantly above the industry average of 9.35%.
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

With an excellent Profit Margin value of 14.13%, RYA belongs to the best of the industry, outperforming 91.67% of the companies in the same industry.
RYA's Profit Margin has improved in the last couple of years.
RYA's Operating Margin of 14.36% is amongst the best of the industry. RYA outperforms 91.67% of its industry peers.
RYA's Operating Margin has declined in the last couple of years.
RYA has a Gross Margin of 40.89%. This is amonst the worse of the industry: RYA underperforms 83.33% of its industry peers.
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

RYA has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
RYA has less shares outstanding than it did 1 year ago.
The number of shares outstanding for RYA has been reduced compared to 5 years ago.
The debt/assets ratio for RYA has been reduced compared to a year ago.
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 2.19 indicates that RYA is not a great score, but indicates only limited risk for bankruptcy at the moment.
RYA has a better Altman-Z score (2.19) than 100.00% of its industry peers.
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.
A Debt/Equity ratio of 0.03 indicates that RYA is not too dependend on debt financing.
The Debt to Equity ratio of RYA (0.03) is better than 100.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 1.12
Altman-Z 2.19
ROIC/WACC3.42
WACC6.72%
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.
RYA has a Current ratio (0.66) which is in line with its industry peers.
A Quick Ratio of 0.66 indicates that RYA may have some problems paying its short term obligations.
RYA has a Quick ratio of 0.66. This is comparable to the rest of the industry: RYA outperforms 58.33% 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.
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 9.24% in the past year. This is quite good.
The Revenue has been growing by 10.43% on average over the past years. This is quite good.
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 14.49% yearly.
The Revenue is expected to grow by 5.23% on average over the next years.
EPS Next Y30.2%
EPS Next 2Y19.94%
EPS Next 3Y19.51%
EPS Next 5Y14.49%
Revenue Next Year8.9%
Revenue Next 2Y7.11%
Revenue Next 3Y7.14%
Revenue Next 5Y5.23%

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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
RYA.I Yearly Revenue VS EstimatesRYA.I Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B
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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5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 13.60, RYA is valued correctly.
Based on the Price/Earnings ratio, RYA is valued more expensive than 91.67% of the companies in the same industry.
RYA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.24.
Based on the Price/Forward Earnings ratio of 12.42, the valuation of RYA can be described as correct.
RYA's Price/Forward Earnings ratio is rather expensive when compared to the industry. RYA is more expensive than 91.67% of the companies in the same industry.
RYA is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.42, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 13.6
Fwd PE 12.42
RYA.I Price Earnings VS Forward Price EarningsRYA.I Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

66.67% of the companies in the same industry are cheaper than RYA, based on the Enterprise Value to EBITDA ratio.
RYA's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 6.65
EV/EBITDA 3.17
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

The 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 19.51% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.45
PEG (5Y)0.67
EPS Next 2Y19.94%
EPS Next 3Y19.51%

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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 (8/4/2025, 7:00:00 PM)

25.97

+0.73 (+2.89%)

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 Owners54.8%
Inst Owner ChangeN/A
Ins Owners4.21%
Ins Owner ChangeN/A
Market Cap13.78B
Analysts77.5
Price Target26.24 (1.04%)
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)0.85%
PT rev (3m)10.45%
EPS NQ rev (1m)4.8%
EPS NQ rev (3m)17.43%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0.57%
Revenue NQ rev (3m)0.64%
Revenue NY rev (1m)2.45%
Revenue NY rev (3m)2.5%
Valuation
Industry RankSector Rank
PE 13.6
Fwd PE 12.42
P/S 0.94
P/FCF 6.65
P/OCF 3.68
P/B 1.86
P/tB 1.9
EV/EBITDA 3.17
EPS(TTM)1.91
EY7.35%
EPS(NY)2.09
Fwd EY8.05%
FCF(TTM)3.91
FCFY15.05%
OCF(TTM)7.06
OCFY27.19%
SpS27.63
BVpS13.95
TBVpS13.67
PEG (NY)0.45
PEG (5Y)0.67
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 2.19
F-Score8
WACC6.72%
ROIC/WACC3.42
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 Y30.2%
EPS Next 2Y19.94%
EPS Next 3Y19.51%
EPS Next 5Y14.49%
Revenue 1Y (TTM)9.24%
Revenue growth 3Y42.69%
Revenue growth 5Y10.43%
Sales Q2Q%19.62%
Revenue Next Year8.9%
Revenue Next 2Y7.11%
Revenue Next 3Y7.14%
Revenue Next 5Y5.23%
EBIT growth 1Y22.76%
EBIT growth 3YN/A
EBIT growth 5Y6.68%
EBIT Next Year107.14%
EBIT Next 3Y35.54%
EBIT Next 5Y22.92%
FCF growth 1Y77.21%
FCF growth 3Y34.9%
FCF growth 5Y20.02%
OCF growth 1Y0.41%
OCF growth 3Y20.74%
OCF growth 5Y20.81%