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RYANAIR HOLDINGS PLC (RYA.I) Stock Fundamental Analysis

Europe - DUB:RYA - IE00BYTBXV33 - Common Stock

24 EUR
+0.37 (+1.57%)
Last: 9/26/2025, 7:00:00 PM
Fundamental Rating

6

Taking everything into account, RYA scores 6 out of 10 in our fundamental rating. RYA was compared to 12 industry peers in the Passenger Airlines industry. RYA gets an excellent profitability rating and is at the same time showing great financial health properties. RYA has a decent growth rate and is not valued too expensively. With these ratings, RYA could be worth investigating further 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.
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.
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

Looking at the Return On Assets, with a value of 11.46%, RYA belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
With an excellent Return On Equity value of 27.99%, RYA belongs to the best of the industry, outperforming 83.33% 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 9.96%.
The last Return On Invested Capital (22.96%) for RYA is above the 3 year average (15.59%), which is a sign of increasing profitability.
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 Profit Margin of 14.13%. This is amongst the best in the industry. RYA outperforms 100.00% of its industry peers.
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 100.00% of its industry peers.
RYA's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 40.89%, RYA is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
RYA's Gross Margin has declined in the last couple of years.
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

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so RYA is creating value.
Compared to 1 year ago, RYA has less shares outstanding
Compared to 5 years ago, RYA has less shares outstanding
Compared to 1 year ago, RYA has an improved debt to assets ratio.
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

RYA has an Altman-Z score of 2.15. This is not the best score and indicates that RYA is in the grey zone with still only limited risk for bankruptcy at the moment.
RYA's Altman-Z score of 2.15 is amongst the best of the industry. RYA outperforms 91.67% of its industry peers.
The Debt to FCF ratio of RYA is 1.12, which is an excellent value as it means it would take RYA, only 1.12 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 1.12, RYA belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
A Debt/Equity ratio of 0.03 indicates that RYA is not too dependend on debt financing.
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 RankSector Rank
Debt/Equity 0.03
Debt/FCF 1.12
Altman-Z 2.15
ROIC/WACC3.23
WACC7.1%
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

A Current Ratio of 0.66 indicates that RYA may have some problems paying its short term obligations.
The Current ratio of RYA (0.66) is comparable to the rest of the industry.
RYA has a Quick 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.
Looking at the Quick ratio, with a value of 0.66, RYA is in line with its industry, outperforming 58.33% of the companies in the same industry.
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
RYA shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.24%.
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 15.20% yearly.
The Revenue is expected to grow by 5.67% on average over the next years.
EPS Next Y42.29%
EPS Next 2Y27.4%
EPS Next 3Y21.25%
EPS Next 5Y15.2%
Revenue Next Year8.78%
Revenue Next 2Y7%
Revenue Next 3Y7.12%
Revenue Next 5Y5.67%

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 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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5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 12.57, the valuation of RYA can be described as correct.
Based on the Price/Earnings ratio, RYA is valued expensively inside the industry as 83.33% of the companies are valued cheaper.
The average S&P500 Price/Earnings ratio is at 27.32. RYA is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 10.17, the valuation of RYA can be described as reasonable.
RYA's Price/Forward Earnings ratio is rather expensive when compared to the industry. RYA is more expensive than 83.33% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.89, RYA is valued rather cheaply.
Industry RankSector Rank
PE 12.57
Fwd PE 10.17
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

RYA's Enterprise Value to EBITDA ratio is in line with the industry average.
RYA's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 6.14
EV/EBITDA 2.97
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.
A more expensive valuation may be justified as RYA's earnings are expected to grow with 21.25% in the coming years.
PEG (NY)0.3
PEG (5Y)0.62
EPS Next 2Y27.4%
EPS Next 3Y21.25%

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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 (9/26/2025, 7:00:00 PM)

24

+0.37 (+1.57%)

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 Cap12.73B
Analysts80.87
Price Target28.3 (17.92%)
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)-0.61%
EPS NQ rev (3m)16.71%
EPS NY rev (1m)-0.36%
EPS NY rev (3m)9.29%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)0.62%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)2.34%
Valuation
Industry RankSector Rank
PE 12.57
Fwd PE 10.17
P/S 0.87
P/FCF 6.14
P/OCF 3.4
P/B 1.72
P/tB 1.75
EV/EBITDA 2.97
EPS(TTM)1.91
EY7.96%
EPS(NY)2.36
Fwd EY9.83%
FCF(TTM)3.91
FCFY16.29%
OCF(TTM)7.07
OCFY29.45%
SpS27.65
BVpS13.96
TBVpS13.68
PEG (NY)0.3
PEG (5Y)0.62
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 2.15
F-Score8
WACC7.1%
ROIC/WACC3.23
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 3Y21.25%
EPS Next 5Y15.2%
Revenue 1Y (TTM)9.24%
Revenue growth 3Y42.69%
Revenue growth 5Y10.43%
Sales Q2Q%19.62%
Revenue Next Year8.78%
Revenue Next 2Y7%
Revenue Next 3Y7.12%
Revenue Next 5Y5.67%
EBIT growth 1Y22.76%
EBIT growth 3YN/A
EBIT growth 5Y6.68%
EBIT Next Year114.4%
EBIT Next 3Y37.67%
EBIT Next 5Y24%
FCF growth 1Y77.21%
FCF growth 3Y34.9%
FCF growth 5Y20.02%
OCF growth 1Y0.41%
OCF growth 3Y20.74%
OCF growth 5Y20.81%