Company Valuation: Delta Air Lines, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 25,539 24,925 21,031 25,762 38,787 30,715 - -
Change - -2.4% -15.62% 22.49% 50.56% -20.81% - -
Enterprise Value (EV) 1 46,389 40,526 37,525 47,186 56,081 47,260 44,591 42,604
Change - -12.64% -7.41% 25.74% 18.85% -15.73% -5.65% -4.46%
P/E ratio -2.06x 88.8x 16x 5.61x 11.4x 8.53x 7.03x 6.21x
PBR 18.9x 6.53x 3.26x 2.33x 2.56x 1.66x 1.34x 1.09x
PEG - -1x 0x 0x -0.4x 2.44x 0.3x 0.5x
Capitalization / Revenue 1.49x 0.83x 0.42x 0.44x 0.63x 0.5x 0.48x 0.46x
EV / Revenue 2.71x 1.36x 0.74x 0.81x 0.91x 0.77x 0.7x 0.64x
EV / EBITDA -8.47x -409x 6.07x 5.12x 6.18x 5.73x 4.73x 4.26x
EV / EBIT -5.67x -16x 10.5x 7.45x 9.32x 8.6x 6.91x 6.01x
EV / FCF -8.15x 32.3x -18,762x 23.6x 19.4x 16.4x 12.6x 8.98x
FCF Yield -12.3% 3.1% -0.01% 4.24% 5.14% 6.11% 7.93% 11.1%
Dividend per Share 2 0.4 - - 0.2 0.5 0.5866 0.6681 0.7418
Rate of return 0.99% - - 0.5% 0.83% 1.25% 1.42% 1.58%
EPS 2 -19.49 0.44 2.06 7.17 5.33 5.517 6.691 7.577
Distribution rate -2.05% - - 2.79% 9.38% 10.6% 9.99% 9.79%
Net sales 1 17,095 29,899 50,582 58,048 61,643 61,121 63,547 66,435
EBITDA 1 -5,474 -99 6,181 9,207 9,077 8,243 9,420 9,990
EBIT 1 -8,185 -2,527 3,566 6,334 6,016 5,498 6,454 7,090
Net income 1 -12,385 280 1,318 4,609 3,457 3,554 4,321 4,839
Net Debt 1 20,850 15,601 16,494 21,424 17,294 16,545 13,877 11,889
Reference price 2 40.21 39.08 32.86 40.23 60.50 47.04 47.04 47.04
Nbr of stocks (in thousands) 635,144 637,797 640,014 640,356 641,115 652,953 - -
Announcement Date 1/14/21 1/13/22 1/13/23 1/12/24 1/10/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.53x0.77x5.73x1.25% 30.71B
11.93x1.51x6.56x1.91% 28.59B
7.2x0.75x5.46x-.--% 24.17B
28.99x2.82x12.67x0.25% 23.62B
5.9x0.73x3.41x2.93% 20.14B
26.75x1.8x8.57x0.01% 17.16B
15.73x1.33x6.4x3.79% 16.1B
20.2x1.64x8.11x0.12% 13.16B
8.67x1.15x4.37x-.--% 11.59B
43.52x1.84x7.64x-.--% 11.41B
Average 17.74x 1.44x 6.89x 1.03% 19.66B
Weighted average by Cap. 16.05x 1.40x 6.91x 1.12%
See all sector valuations

Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Delta Air Lines, Inc.