FINNAIR OYJ |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.928 EUR | +2.38% |
|
-4.19% | -26.43% |
| Apr. 23 | Transcript : Finnair Oyj, Q1 2024 Earnings Call, Apr 23, 2024 | |
| Apr. 23 | S&P Assigns First-time Rating for Finnair | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 750.2 | 1,066 | 836.8 | 546.2 | 815.1 | 598.8 | - | - |
| Enterprise Value (EV) 1 | 1,371 | 2,440 | 2,368 | 1,651 | 1,937 | 1,428 | 1,583 | 1,556 |
| P/E ratio | 12 x | -1.49 x | -1.75 x | -1.08 x | 1.81 x | 6.53 x | 6.24 x | 5.27 x |
| Yield | 3.4% | - | - | - | - | 2.9% | 3.76% | 4.1% |
| Capitalization / Revenue | 0.24 x | 1.29 x | 1 x | 0.23 x | 0.27 x | 0.19 x | 0.18 x | 0.18 x |
| EV / Revenue | 0.44 x | 2.94 x | 2.82 x | 0.7 x | 0.65 x | 0.45 x | 0.47 x | 0.47 x |
| EV / EBITDA | 2.81 x | -9.7 x | -15.9 x | 10.8 x | 3.75 x | 2.84 x | 3.06 x | 2.92 x |
| EV / FCF | 15.9 x | -1.78 x | -23.3 x | 9.65 x | 28.4 x | 7 x | 7.99 x | 7.1 x |
| FCF Yield | 6.27% | -56.1% | -4.29% | 10.4% | 3.52% | 14.3% | 12.5% | 14.1% |
| Price to Book | 0.78 x | 1.18 x | 1.75 x | 1.34 x | - | 0.9 x | 0.79 x | 0.69 x |
| Nbr of stocks (in thousands) | 1,276 | 14,072 | 14,060 | 14,070 | 204,807 | 204,511 | - | - |
| Reference price 2 | 588.0 | 75.75 | 59.52 | 38.82 | 3.980 | 2.928 | 2.928 | 2.928 |
| Announcement Date | 2/7/20 | 2/18/21 | 2/17/22 | 2/15/23 | 2/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,098 | 829.2 | 838.4 | 2,357 | 2,988 | 3,183 | 3,360 | 3,291 |
| EBITDA 1 | 488.3 | -251.5 | -149 | 153.2 | 516.5 | 503.3 | 517.8 | 533.1 |
| EBIT 1 | 162.8 | -595.3 | -468.9 | -163.9 | 184 | 180.9 | 202 | 204.7 |
| Operating Margin | 5.26% | -71.79% | -55.93% | -6.95% | 6.16% | 5.68% | 6.01% | 6.22% |
| Earnings before Tax (EBT) 1 | 93 | -654.4 | -581.9 | -370.7 | 119.1 | 110.6 | 124.8 | 137.7 |
| Net income 1 | 74.5 | -523.2 | -464.3 | -476.2 | 254.3 | 91.43 | 95.56 | 105.8 |
| Net margin | 2.41% | -63.1% | -55.38% | -20.21% | 8.51% | 2.87% | 2.84% | 3.22% |
| EPS 2 | 49.00 | -51.00 | -34.00 | -36.00 | 2.200 | 0.4481 | 0.4691 | 0.5555 |
| Free Cash Flow 1 | 86 | -1,368 | -101.6 | 171 | 68.1 | 204 | 198 | 219 |
| FCF margin | 2.78% | -165.04% | -12.12% | 7.26% | 2.28% | 6.41% | 5.89% | 6.65% |
| FCF Conversion (EBITDA) | 17.61% | - | - | 111.62% | 13.18% | 40.53% | 38.24% | 41.08% |
| FCF Conversion (Net income) | 115.44% | - | - | - | 26.78% | 223.12% | 207.19% | 206.92% |
| Dividend per Share 2 | 20.00 | - | - | - | - | 0.0850 | 0.1100 | 0.1200 |
| Announcement Date | 2/7/20 | 2/18/21 | 2/17/22 | 2/15/23 | 2/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 413.5 | 399.8 | 550.3 | 719.2 | 687.3 | 694.7 | 749.2 | 817.3 | 727.2 | 681.5 | 786.8 | 872.6 | 771.7 |
| EBITDA 1 | 12.6 | -54.1 | -6 | 114.1 | 99.1 | 82.8 | 149.1 | 177.7 | 106.9 | 70.5 | 142.7 | 184.2 | 116.8 |
| EBIT 1 | -65.2 | -132.9 | -84.2 | 35.2 | 17.9 | 0.9 | 66.2 | 94.3 | 22.5 | -11.6 | 60 | 104.6 | 34.4 |
| Operating Margin | -15.77% | -33.24% | -15.3% | 4.89% | 2.6% | 0.13% | 8.84% | 11.54% | 3.09% | -1.7% | 7.63% | 11.99% | 4.46% |
| Earnings before Tax (EBT) 1 | -104.8 | -212 | -169.3 | -44.7 | 55.3 | -7.4 | 43.6 | 66.5 | 16.4 | -37.6 | 42.67 | 86.93 | 16.73 |
| Net income 1 | -83.7 | -212.8 | -279.5 | -37.2 | 53.3 | 3 | 138.6 | 52.5 | 60.2 | -29.9 | 35.27 | 72.23 | 12.03 |
| Net margin | -20.24% | -53.23% | -50.79% | -5.17% | 7.75% | 0.43% | 18.5% | 6.42% | 8.28% | -4.39% | 4.48% | 8.28% | 1.56% |
| EPS 2 | -6.000 | -15.00 | -20.00 | -3.000 | 3.000 | -1.000 | 9.000 | 3.000 | 0.4000 | -0.1500 | 0.1950 | 0.3700 | 0.0600 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/17/22 | 4/27/22 | 7/19/22 | 10/28/22 | 2/15/23 | 4/27/23 | 7/21/23 | 10/24/23 | 2/14/24 | 4/23/24 | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 621 | 1,374 | 1,531 | 1,105 | 1,121 | 829 | 984 | 957 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.272 x | -5.462 x | -10.27 x | 7.211 x | 2.171 x | 1.647 x | 1.901 x | 1.795 x |
| Free Cash Flow 1 | 86 | -1,369 | -102 | 171 | 68.1 | 204 | 198 | 219 |
| ROE (net income / shareholders' equity) | 7.91% | -56.2% | -67.7% | -128% | 51.5% | 12.5% | 13.2% | 13.9% |
| ROA (Net income/ Total Assets) | 1.91% | -13.9% | -24.1% | -14.9% | 6.49% | 2.44% | 2.82% | 3.14% |
| Assets 1 | 3,911 | 3,762 | 1,924 | 3,191 | 3,916 | 3,749 | 3,391 | 3,366 |
| Book Value Per Share 2 | 754.0 | 64.00 | 34.00 | 29.00 | - | 3.270 | 3.690 | 4.250 |
| Cash Flow per Share 2 | 441.0 | -99.00 | -1.800 | 18.40 | - | 2.210 | 2.150 | 2.140 |
| Capex 1 | 478 | 325 | 76.3 | 88 | 404 | 221 | 210 | 253 |
| Capex / Sales | 15.44% | 39.24% | 9.1% | 3.73% | 13.53% | 6.93% | 6.24% | 7.69% |
| Announcement Date | 2/7/20 | 2/18/21 | 2/17/22 | 2/15/23 | 2/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
2.928
EUR
Average target price
3.838
EUR
Spread / Average Target
+31.06%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -26.43% | 639M | |
| +24.09% | 32.01B | |
| +6.68% | 24.77B | |
| -0.30% | 19.86B | |
| +32.63% | 18.21B | |
| +28.07% | 17.37B | |
| -16.19% | 14.84B | |
| +38.67% | 13.47B | |
| -14.20% | 12.32B | |
| +13.74% | 10.8B |
- Stock Market
- Equities
- FIA1S Stock
- Financials Finnair Oyj
