Financials International Consolidated Airlines Group, S.A.

Equities

IAG

ES0177542018

Airlines

Market Closed - London S.E. 11:35:01 2024-03-01 am EST 5-day change 1st Jan Change
146.8 GBX -0.34% Intraday chart for International Consolidated Airlines Group, S.A. -3.93% -5.32%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 13,625 14,667 8,880 8,410 6,931 8,421 8,421 -
Enterprise Value (EV) 1 14,860 22,238 18,642 20,077 17,316 8,783 17,024 16,734
P/E ratio 5 x 8.55 x -0.91 x -2.87 x 22.9 x 3.53 x 4.1 x 3.8 x
Yield 4.51% 1.96% - - - - - 3.6%
Capitalization / Revenue 0.56 x 0.58 x 1.14 x 0.99 x 0.3 x 0.3 x 0.27 x 0.26 x
EV / Revenue 0.61 x 0.87 x 2.39 x 2.37 x 0.75 x 0.3 x 0.55 x 0.52 x
EV / EBITDA 3.31 x 4.12 x -8.23 x -19.7 x 5.24 x 1.58 x 3.03 x 2.77 x
EV / FCF 14.7 x 41.4 x -3.56 x -22.7 x 9.64 x 10.1 x 13.8 x 10.5 x
FCF Yield 6.78% 2.41% -28.1% -4.41% 10.4% 9.92% 7.24% 9.49%
Price to Book 2.03 x 2.15 x 6.78 x 10 x 3.44 x 2.05 x 1.43 x 1.06 x
Nbr of stocks (in thousands) 1,983,311 1,984,330 4,966,379 4,961,189 4,954,313 4,916,580 4,916,580 -
Reference price 2 6.870 7.391 1.788 1.695 1.399 1.713 1.713 1.713
Announcement Date 2/28/19 2/28/20 2/26/21 2/25/22 2/24/23 2/29/24 - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 24,406 25,506 7,806 8,455 23,066 29,453 30,719 31,934
EBITDA 1 4,484 5,396 -2,266 -1,017 3,303 5,570 5,614 6,033
EBIT 1 3,230 3,285 -4,365 -2,970 1,225 3,507 3,416 3,676
Operating Margin 13.23% 12.88% -55.92% -35.13% 5.31% 11.91% 11.12% 11.51%
Earnings before Tax (EBT) 1 3,487 2,275 -7,810 -3,507 415 3,056 2,670 2,942
Net income 1 2,885 1,715 -6,923 -2,933 431 2,655 2,144 2,349
Net margin 11.82% 6.72% -88.69% -34.69% 1.87% 9.01% 6.98% 7.36%
EPS 2 1.374 0.8640 -1.962 -0.5910 0.0610 0.5060 0.4178 0.4502
Free Cash Flow 1 1,008 537 -5,235 -885 1,797 1,749 1,233 1,589
FCF margin 4.13% 2.11% -67.06% -10.47% 7.79% 5.96% 4.01% 4.98%
FCF Conversion (EBITDA) 22.48% 9.95% - - 54.41% 31.6% 21.96% 26.34%
FCF Conversion (Net income) 34.94% 31.31% - - 416.94% 74.03% 57.51% 67.63%
Dividend per Share 2 0.3100 0.1450 - - - - - 0.0616
Announcement Date 2/28/19 2/28/20 2/26/21 2/25/22 2/24/23 2/29/24 - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2020 S1 2021 Q2 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 12,089 5,288 1,244 2,212 2,709 3,534 3,435 5,916 9,351 7,329 6,386 5,889 7,694 13,583 8,646 7,224 6,457 8,245 9,058 7,503
EBITDA 1 - -786 -595 -1,260 -8 251 -223 771 548 1,722 1,025 495 1,748 2,243 2,554 1,057 604.1 1,738 2,277 1,254
EBIT 1 1,095 -1,900 -1,045 -2,180 -485 -305 -754 287 -467 1,206 486 9 1,251 1,260 1,745 502 53.88 1,130 1,714 629.5
Operating Margin 9.06% -35.93% -84% -98.55% -17.9% -8.63% -21.95% 4.85% -4.99% 16.46% 7.61% 0.15% 16.26% 9.28% 20.18% 6.95% 0.83% 13.71% 18.92% 8.39%
Earnings before Tax (EBT) 1 1,007 -4,206 -1,120 -2,336 -714 -457 -916 73 -843 1,009 249 -121 1,158 1,037 1,578 441 -313 726 1,535 514
Net income 1 806 -3,806 -981 -2,048 -574 -311 -787 133 -654 853 232 -87 1,008 921 1,230 504 -98.25 809.3 1,168 349.1
Net margin 6.67% -71.97% -78.86% -92.59% -21.19% -8.8% -22.91% 2.25% -6.99% 11.64% 3.63% -1.48% 13.1% 6.78% 14.23% 6.98% -1.52% 9.82% 12.89% 4.65%
EPS 2 - - - - -0.1156 -0.0630 -0.1590 0.0270 - - 0.0210 - 0.1940 - 0.2307 0.0993 -0.0186 0.1534 0.2213 0.0662
Dividend per Share 2 - - - - - - - - - - - - - - - - - - - -
Announcement Date 8/2/19 7/31/20 7/30/21 7/30/21 11/5/21 2/25/22 5/6/22 7/29/22 7/29/22 10/28/22 2/24/23 5/5/23 7/28/23 7/28/23 10/27/23 2/29/24 - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 1,235 7,571 9,762 11,667 10,385 9,220 8,603 8,313
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.2754 x 1.403 x -4.308 x -11.47 x 3.144 x 1.665 x 1.532 x 1.378 x
Free Cash Flow 1 1,008 537 -5,235 -885 1,797 1,749 1,233 1,589
ROE (net income / shareholders' equity) 43.3% 25.3% -106% -249% 28.2% 70.3% 42.2% 32%
ROA (Net income/ Total Assets) 10.4% 5.39% -13.2% -9.39% 1.09% 5.81% 4.1% 4.66%
Assets 1 27,633 31,847 52,595 31,243 39,513 40,669 52,283 50,411
Book Value Per Share 2 3.390 3.440 0.2600 0.1700 0.4100 0.8400 1.200 1.610
Cash Flow per Share 2 1.530 1.940 -0.9300 -0.0300 0.9000 1.090 1.100 1.030
Capex 1 2,228 3,465 1,939 744 3,875 3,572 4,206 3,822
Capex / Sales 9.13% 13.59% 24.84% 8.8% 16.8% 12.16% 13.69% 11.97%
Announcement Date 2/28/19 2/28/20 2/26/21 2/25/22 2/24/23 2/29/24 - -
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

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
1.713 EUR
Average target price
2.515 EUR
Spread / Average Target
+46.84%
Consensus
  1. Stock
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