Financials LATAM Airlines Group S.A.

Equities

LTM

CL0000000423

Airlines

End-of-day quote Santiago S.E. 06:00:00 2024-05-22 pm EDT 5-day change 1st Jan Change
13.05 CLP -1.14% Intraday chart for LATAM Airlines Group S.A. +0.54% +36.65%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,104 1,081 232.5 3,935 6,575 8,672 - -
Enterprise Value (EV) 1 14,948 10,195 5,033 8,997 11,027 13,269 12,896 8,672
P/E ratio - -0.24 x -0.05 x 0.49 x 11.3 x 12.4 x 10.7 x -
Yield 0.94% - - - - 2,579% 4,600% -
Capitalization / Revenue 0.59 x 0.25 x 0.05 x 0.41 x 0.56 x 0.66 x 0.63 x 0.59 x
EV / Revenue 1.43 x 2.35 x 0.98 x 0.95 x 0.94 x 1.02 x 0.93 x 0.59 x
EV / EBITDA 6.76 x -36.9 x 109 x 8.5 x 4.64 x 4.66 x 3.75 x 2.16 x
EV / FCF 10.6 x -12.4 x -6.53 x -13.2 x 7.51 x 15.4 x 7.53 x -
FCF Yield 9.43% -8.03% -15.3% -7.6% 13.3% 6.48% 13.3% -
Price to Book - -0.44 x -0.03 x 0.1 x 0.01 x 7.55 x 4.43 x -
Nbr of stocks (in thousands) 606,408 606,408 606,408 589,994,732 604,437,878 604,437,878 - -
Reference price 2 10.07 1.783 0.3834 0.006669 0.0109 0.0143 0.0143 0.0143
Announcement Date 3/3/20 3/9/21 3/9/22 3/10/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 10,431 4,335 5,111 9,517 11,789 13,058 13,807 14,722
EBITDA 1 2,212 -275.9 46.12 1,058 2,375 2,846 3,443 4,021
EBIT 1 741.6 -1,665 -1,119 -121.3 1,169 1,536 2,103 3,033
Operating Margin 7.11% -38.42% -21.9% -1.27% 9.92% 11.77% 15.23% 20.6%
Earnings before Tax (EBT) 1 141.9 -5,106 -4,084 1,346 596.5 1,136 2,021 -
Net income 1 190.4 -4,546 -4,647 1,339 581.8 750.5 1,168 -
Net margin 1.83% -104.87% -90.92% 14.07% 4.94% 5.75% 8.46% -
EPS 2 - -7.496 -7.664 0.0136 0.000960 0.001160 0.001340 -
Free Cash Flow 1 1,410 -819 -771.3 -683.7 1,468 860 1,712 -
FCF margin 13.52% -18.89% -15.09% -7.18% 12.45% 6.59% 12.4% -
FCF Conversion (EBITDA) 63.75% - - - 61.81% 30.22% 49.72% -
FCF Conversion (Net income) 740.36% - - - 252.27% 114.59% 146.51% -
Dividend per Share 2 0.0942 - - - - 0.3700 0.6600 -
Announcement Date 3/3/20 3/9/21 3/9/22 3/10/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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
Net sales 1 1,996 1,917 2,226 2,587 2,744 2,805 2,633 3,056 3,294 3,321 3,086 3,383 3,590
EBITDA 1 386 108.6 97.47 366.6 440.1 541.1 535.6 726.1 626.8 795.5 596 704 791
EBIT 1 73.43 -183.6 -186 - 139.7 - 227.1 373.8 303.9 462.7 237.7 414.6 496.2
Operating Margin 3.68% -9.58% -8.35% - 5.09% - 8.62% 12.23% 9.22% 13.93% 7.7% 12.25% 13.82%
Earnings before Tax (EBT) -1,521 -392.2 -522.3 - 2,636 - 146.8 229.4 106.1 275.1 - - -
Net income -2,755 -380.1 -523.2 -296 2,538 121.8 145.3 231.8 82.96 258.3 - - -
Net margin -138.04% -19.83% -23.5% -11.44% 92.5% 4.34% 5.52% 7.58% 2.52% 7.78% - - -
EPS 2 -4.543 -0.6268 -0.8628 - 1.992 - 0.000240 0.000380 - 0.000430 0.000120 0.000310 0.000410
Dividend per Share - - - - - - - - - - - - -
Announcement Date 3/9/22 5/11/22 8/9/22 11/9/22 3/10/23 5/4/23 8/2/23 10/30/23 2/22/24 5/2/24 - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,844 9,113 4,801 5,062 4,452 4,597 4,224 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.999 x -33.03 x 104.1 x 4.783 x 1.875 x 1.615 x 1.227 x -
Free Cash Flow 1 1,410 -819 -771 -684 1,468 860 1,712 -
ROE (net income / shareholders' equity) 5.87% -1,054% - - 236% 107% 74.9% 55.3%
ROA (Net income/ Total Assets) 0.93% -19.9% -32.1% 10.1% 4.17% 6.4% 6% -
Assets 1 20,583 22,799 14,481 13,251 13,939 11,727 19,475 -
Book Value Per Share 2 - -4.020 -11.60 0.0700 0.7400 0 0 -
Cash Flow per Share - - - - - - - -
Capex 1 1,277 324 482 781 796 1,250 1,250 -
Capex / Sales 12.24% 7.48% 9.43% 8.2% 6.75% 9.57% 9.05% -
Announcement Date 3/3/20 3/9/21 3/9/22 3/10/23 2/22/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
0.0143 USD
Average target price
0.0173 USD
Spread / Average Target
+20.79%
Consensus
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  4. Financials LATAM Airlines Group S.A.