Company Valuation: Delta Air Lines, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 24,925 21,031 25,762 38,787 45,015 44,316 - -
Change - -15.62% 22.49% 50.56% 16.06% -1.55% - -
Enterprise Value (EV) 1 40,526 37,525 47,186 56,081 63,665 58,950 57,395 54,139
Change - -7.41% 25.74% 18.85% 13.52% -7.41% -2.64% -5.67%
P/E ratio 88.8x 16x 5.61x 11.4x 9.06x 12.7x 8.14x 7.07x
PBR 6.53x 3.26x 2.33x 2.56x - 1.89x 1.57x 1.28x
PEG - 0x 0x -0.4x 0.2x -0.4x 0.1x 0.5x
Capitalization / Revenue 0.83x 0.42x 0.44x 0.63x 0.71x 0.64x 0.62x 0.6x
EV / Revenue 1.36x 0.74x 0.81x 0.91x 1x 0.85x 0.8x 0.73x
EV / EBITDA -409x 6.07x 5.12x 6.18x 7.24x 7.18x 5.62x 4.71x
EV / EBIT -16x 10.5x 7.45x 9.32x 11x 11.3x 7.77x 6.45x
EV / FCF 32.3x -18,762x 23.6x 19.4x 16.6x 25.6x 13.9x 11.2x
FCF Yield 3.1% -0.01% 4.24% 5.14% 6.04% 3.91% 7.18% 8.91%
Dividend per Share 2 - - 0.2 0.5 - 0.7735 0.819 0.9171
Rate of return - - 0.5% 0.83% - 1.14% 1.21% 1.35%
EPS 2 0.44 2.06 7.17 5.33 7.66 5.351 8.327 9.587
Distribution rate - - 2.79% 9.38% - 14.5% 9.83% 9.57%
Net sales 1 29,899 50,582 58,048 61,643 63,364 69,041 71,361 74,329
EBITDA 1 -99 6,181 9,207 9,077 8,789 8,211 10,208 11,487
EBIT 1 -2,527 3,566 6,334 6,016 5,804 5,200 7,386 8,391
Net income 1 280 1,318 4,609 3,457 5,005 3,285 5,291 6,022
Net Debt 1 15,601 16,494 21,424 17,294 18,650 14,633 13,079 9,822
Reference price 2 39.08 32.86 40.23 60.50 69.40 67.82 67.82 67.82
Nbr of stocks (in thousands) 637,797 640,014 640,356 641,115 648,638 653,441 - -
Announcement Date 1/13/22 1/13/23 1/12/24 1/10/25 1/13/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.67x0.85x7.18x1.14% 44.32B
12.7x1.62x6.7x1.78% 32.09B
8.93x0.76x6.67x-.--% 31.3B
6.49x0.73x3.29x2.51% 23.61B
54.65x2.38x12.51x0.22% 18.93B
19x1.29x5.88x4.07% 16.44B
-11.62x1.73x12.5x-.--% 15.87B
9.9x1.32x4.81x3.02% 15.41B
-74.16x1.65x9.97x0.17% 13.93B
-28.51x1.7x10.27x-.--% 13.64B
Average 1.00x 1.40x 7.98x 1.29% 22.55B
Weighted average by Cap. 5.74x 1.29x 7.56x 1.27%

Y-o-Y evolution of P/E

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.