Financials Wizz Air Holdings Plc

Equities

WIZZ

JE00BN574F90

Airlines

Market Closed - London S.E. Other stock markets 11:35:24 2024-09-13 am EDT			5-day change	1st Jan Change
1,190.00 ^GBX	+2.50%		+1.62%	-46.18%

Sep. 11	Shortsellers bet against airlines and banks, Hazeltree report says	RE
Sep. 10	Wizz Air to Start New Route from London to Jeddah, Saudi Arabia, in March 2025	MT

Projected Income Statement: Wizz Air Holdings Plc

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	2,761	739	1,663	3,896	5,073	5,349	6,396	7,933
Change	-	-73.24%	125.09%	134.2%	30.22%	5.43%	19.58%	24.03%
EBITDA ¹	783.4	-182.8	-19	134.3	1,193	1,439	1,742	2,125
Change	-	-	-89.61%	-	788.46%	20.6%	21.06%	21.96%
EBIT ¹	338.3	-528.1	-465.3	-466.8	437.9	513.7	692.5	841.7
Change	-	-	-11.89%	0.32%	-	17.31%	34.82%	21.53%
Interest Paid ¹	-44.2	-38.4	-176.2	-97.9	-96.8	-142.1	-175.6	-223.5
Earnings before Tax (EBT) ¹	294.1	-566.5	-641.5	-564.6	341.1	362.7	499.3	587
Change	-	-	13.24%	-11.99%	-	6.33%	37.67%	17.56%
Net income ¹	281.1	-572.1	-631.8	-523	376.6	330.7	434.1	534.4
Change	-	-	10.44%	-17.22%	-	-12.18%	31.25%	23.1%
Announcement Date	6/3/20	6/2/21	6/8/22	6/8/23	5/23/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: March	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	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	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	691.2	979.6	637.3	453.2	90.8	380.4	149.9	117.9	199	681.4	408.4	374.6	808.8	1,385	911.7	790.2	1,237	1,816	1,065	956	1,259	1,882	1,198	1,094
Change	-	41.72%	-34.94%	-28.89%	-79.96%	318.94%	-60.59%	-21.35%	68.79%	242.41%	-40.06%	-8.28%	115.91%	71.24%	-34.17%	-13.33%	56.49%	46.83%	-41.36%	-10.22%	31.73%	46.49%	-36.33%	-8.71%
EBITDA ¹	-	-	-	-	-42.4	-38.5	-42.9	-59	-17.8	182.1	-87.5	-95.8	-154.4	372.2	-2.8	-80.7	236.7	641.4	18.7	296.4	274.6	791.2	208.1	199.3
Change	-	-	-	-	-	-9.2%	11.43%	37.53%	-69.83%	-	-	9.49%	61.17%	-	-	2,782.14%	-	170.98%	-97.08%	1,485.03%	-7.35%	124.32%	-73.7%	-4.23%
EBIT ¹	92.6	322	34.6	-110.9	-106.4	-92.3	-141.9	-187.5	-108.6	52.4	-213.6	-195.5	-284.5	220.7	-155.5	-247.5	79.9	443	-180.4	95.4	44.6	551.8	-31.04	-40.35
Change	-	247.73%	-89.25%	-	-4.06%	-13.25%	53.74%	32.14%	-42.08%	-	-	-8.47%	45.52%	-	-	59.16%	-	454.44%	-	-	-53.25%	306.91%	-	-29.98%
Charge d'intérêts ¹	-24	-9.5	-12.2	-5.3	-13.2	9.1	26	-72.4	-19.9	-21	-52.6	-55.9	-26.6	-159.4	-32.2	-	-12.8	-59.9	-	-	-49	-14	-38	-50
Earnings before Tax (EBT) ¹	75.5	312.4	22.4	-116.2	-107.4	-130	-115.9	-213.2	-	-6.1	-266.1	-255.8	-451.1	61.4	36.4	-211.3	67.1	-	-118.4	9.3	-4.5	522	-	-
Change	-	313.77%	-92.83%	-	-7.57%	21.04%	-10.85%	83.95%	-100%	-	4,262.3%	-3.87%	76.35%	-	-40.72%	-	-	-100%	-	-	0%	709.3%	-100%	-
Net income ¹	72.4	299.1	21.4	-111.8	-108	-134.6	-115	-214.5	-114.4	-6.5	-264.9	-250.6	-452.5	77.7	38.2	-186.4	61.1	344	-113.1	84.6	5.8	416.4	-77.34	37.73
Change	-	313.12%	-92.85%	-	-3.4%	24.63%	-14.56%	86.52%	-46.67%	-94.32%	3,975.38%	-5.4%	80.57%	-	-50.84%	-	-	463.01%	-	-	-93.14%	478.8%	-	-
Announcement Date	7/25/19	11/13/19	1/29/20	6/3/20	7/29/20	11/5/20	1/28/21	6/2/21	7/28/21	11/4/21	1/26/22	6/8/22	7/27/22	11/2/22	1/26/23	6/8/23	8/3/23	11/9/23	1/25/24	5/23/24	8/1/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: March	2021 S1	2022 S1	2023 S1	2024 S1
Net sales	471.2	-	2,194	-
Change	-	-100%	-	-100%
EBITDA	-80.9	-	-	-
Change	-	-100%	-	-
EBIT	-147.4	-	-63.8	-
Change	-	-100%	-	-100%
Charge d'intérêts	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-
Change	-	-	-	-
Net income ¹	-	-120.9	-	405.1
Change	-	-	-100%	-
Announcement Date	11/5/20	11/4/21	11/2/22	11/9/23

¹EUR in Million

Estimates

Forecast Balance Sheet: Wizz Air Holdings Plc

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	729	1,690	2,748	3,893	4,790	4,757	5,246	5,668
Change	-	131.82%	62.6%	41.67%	23.04%	-0.69%	10.28%	8.04%
Announcement Date	6/3/20	6/2/21	6/8/22	6/8/23	5/23/24	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: Wizz Air Holdings Plc

Fiscal Period: March	2020	2021	2022	2023	2025	2026	2027
CAPEX ¹	452.2	415.2	544.4	639.9	772	1,090	1,147
Change	-	-8.18%	31.12%	17.54%	-	41.23%	5.2%
Free Cash Flow (FCF) ¹	319.7	-639.8	-173.8	-218	1,110	937.8	1,242
Change	-	-300.13%	-72.84%	25.43%	-	-15.49%	32.41%
Announcement Date	6/3/20	6/2/21	6/8/22	6/8/23	-	-	-

¹EUR in Million

Estimates

Forecast Financial Ratios: Wizz Air Holdings Plc

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	28.37%	-24.74%	-1.14%	3.45%	23.52%	26.9%	27.24%	26.78%
EBIT Margin (%)	12.25%	-71.46%	-27.97%	-11.98%	8.63%	9.6%	10.83%	10.61%
EBT Margin (%)	10.65%	-76.66%	-38.57%	-14.49%	6.72%	6.78%	7.81%	7.4%
Net margin (%)	10.18%	-77.42%	-37.98%	-13.43%	7.42%	6.18%	6.79%	6.74%
FCF margin (%)	11.58%	-86.58%	-10.45%	-5.6%	-	20.75%	14.66%	15.65%
FCF / Net Income (%)	113.73%	111.83%	27.51%	41.68%	-	335.53%	216.04%	232.37%
Profitability
ROA	8.31%	-12.6%	-12.54%	-8.44%	4.79%	3.6%	4.37%	4.9%
ROE	28.25%	-53.5%	-106.45%	-	-	94.49%	60%	44.35%
Financial Health
Leverage (Debt/EBITDA)	0.93x	-9.24x	-144.64x	28.99x	4.01x	3.31x	3.01x	2.67x
Debt / Free cash flow	2.28x	-2.64x	-15.81x	-17.86x	-	4.29x	5.59x	4.56x
Capital Intensity
CAPEX / Current Assets (%)	16.38%	56.18%	32.73%	16.43%	-	14.43%	17.05%	14.46%
CAPEX / EBITDA (%)	57.72%	-227.13%	-2,865.26%	476.47%	-	53.65%	62.59%	53.99%
CAPEX / FCF (%)	141.45%	-64.9%	-313.23%	-293.53%	-	69.57%	116.26%	92.37%
Items per share
Cash flow per share ¹	6.066	-2.626	3.713	4.227	-	4.354	8.249	9.979
Change	-	-143.29%	-241.42%	13.84%	-	-	89.43%	20.98%
Dividend per Share ¹	-	-	-	-	-	-	-	0.5867
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	9.703	10.56	2.644	-3.586	1.774	4.204	7.867	12.31
Change	-	8.87%	-74.97%	-235.62%	-149.49%	136.95%	87.11%	56.47%
EPS ¹	2.22	-6.73	-6.33	-5.07	2.96	2.566	3.42	4.094
Change	-	-403.15%	-5.94%	-19.91%	-158.38%	-13.32%	33.29%	19.71%
Nbr of stocks (in thousands)	85,395	85,635	103,073	103,276	103,361	103,382	103,382	103,382
Announcement Date	6/3/20	6/2/21	6/8/22	6/8/23	5/23/24	-	-	-