Projected Income Statement: Air France-KLM

Forecast Balance Sheet: Air France-KLM

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 6,147 11,049 8,216 6,337 5,041 6,823 7,449 7,479
Change - 79.75% -25.64% -22.87% -20.45% 35.35% 9.17% 0.4%
Announcement Date 2/20/20 2/18/21 2/17/22 2/17/23 2/29/24 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Air France-KLM

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
CAPEX 1 3,372 2,099 2,202 2,092 3,551 3,166 3,378 3,535
Change - -37.75% 4.91% -5% 69.74% -10.84% 6.69% 4.67%
Free Cash Flow (FCF) 1 523 -4,925 231 1,884 -426 -802.5 - -
Change - -1,041.68% -104.69% 715.58% -122.61% 88.38% -100% -
Announcement Date 2/20/20 2/18/21 2/17/22 2/17/23 2/29/24 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Air France-KLM

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026

Profitability

        
EBITDA Margin (%) 15.18% -15.23% 5.2% 13.7% 14.02% 12.96% 14.1% 14.55%
EBIT Margin (%) 4.2% -41.02% -11.36% 4.52% 5.7% 4.33% 5.38% 5.82%
EBT Margin (%) 1.27% -62.48% -24.79% 1.3% 3.82% 2.53% 3.95% 4.43%
Net margin (%) 1.07% -63.83% -23% 2.76% 3.11% 1.6% 3.04% 3.27%
FCF margin (%) 1.92% -44.42% 1.61% 7.14% -1.42% -2.56% - -
FCF / Net Income (%) 180.34% 69.58% -7.02% 258.79% -45.61% -160.73% - -

Profitability

        
ROA 1.34% -23.23% -10.82% 2.52% 2.8% 1.6% 2.47% 2.73%
ROE 19.9% - - - - 59.73% 56.37% 126.64%

Financial Health

        
Leverage (Debt/EBITDA) 1.49x -6.54x 11.03x 1.75x 1.2x 1.68x 1.62x 1.51x
Debt / Free cash flow 11.75x -2.24x 35.57x 3.36x -11.83x -8.5x - -

Capital Intensity

        
CAPEX / Current Assets (%) 12.4% 18.93% 15.38% 7.93% 11.83% 10.12% 10.33% 10.37%
CAPEX / EBITDA (%) 81.69% -124.27% 295.57% 57.87% 84.39% 78.11% 73.26% 71.27%
CAPEX / FCF (%) 644.74% -42.62% 953.25% 111.04% -833.57% -394.52% - -

Items per share

        
Cash flow per share 1 85.54 -66.12 26.51 25 15.87 5.663 10.2 10.91
Change - -177.29% -140.09% -5.68% -36.51% -64.32% 80.15% 6.98%
Dividend per Share 1 - - - - - - - -
Change - - - - - - - -
Book Value Per Share 1 53.44 -127 -59.62 -15.47 -7.81 -5.681 -2.125 2.005
Change - -337.61% -53.05% -74.06% -49.51% -27.25% -62.6% -194.37%
EPS 1 6.802 -165.6 -59.5 3.1 4.1 1.987 3.593 3.993
Change - -2,534.37% -64.07% -105.21% 32.26% -51.55% 80.87% 11.12%
Nbr of stocks (in thousands) 42,749 42,743 64,143 256,933 262,649 262,626 262,626 262,626
Announcement Date 2/20/20 2/18/21 2/17/22 2/17/23 2/29/24 - - -
1EUR
Estimates
2024 *2025 *
P/E ratio 4.14x 2.29x
PBR -1.45x -3.87x
EV / Sales 0.29x 0.29x
Yield - -
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
BBB
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
18
Last Close Price
8.230EUR
Average target price
8.853EUR
Spread / Average Target
+7.57%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. AF Stock
  4. Financials Air France-KLM