RYANAIR HOLDINGS PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 18 EUR | -0.52% |
|
-4.69% | -5.61% |
| May. 21 | Barclays Keeps Ryanair at Overweight, Trims PT | MT |
| May. 21 | RYANAIR : Barclays remains positive, adjusts its target | CF |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,221 | 9,858 | 18,657 | 15,418 | 16,943 | 20,527 | - | - |
| Enterprise Value (EV) 1 | 13,671 | 10,016 | 20,934 | 16,869 | 16,385 | 23,972 | 18,009 | 15,469 |
| P/E ratio | 15.2 x | 15.9 x | -18.1 x | -63.8 x | 12.9 x | 12.6 x | 8.3 x | 7.61 x |
| Yield | - | - | - | - | - | 1.82% | 2.81% | 3.09% |
| Capitalization / Revenue | 1.72 x | 1.16 x | 11.4 x | 3.21 x | 1.57 x | 1.78 x | 1.39 x | 1.25 x |
| EV / Revenue | 1.78 x | 1.18 x | 12.8 x | 3.51 x | 1.52 x | 1.78 x | 1.22 x | 0.94 x |
| EV / EBITDA | 7.49 x | 5.34 x | -78 x | 44.4 x | 6.56 x | 7.68 x | 4.74 x | 3.76 x |
| EV / FCF | 26.1 x | 11 x | -7.63 x | 22.2 x | 8.29 x | 19.6 x | 8.96 x | 4.9 x |
| FCF Yield | 3.82% | 9.09% | -13.1% | 4.5% | 12.1% | 5.11% | 11.2% | 20.4% |
| Price to Book | 2.54 x | 2.08 x | 4.02 x | 2.78 x | 3 x | 2.77 x | 2.21 x | 1.8 x |
| Nbr of stocks (in thousands) | 1,133,395 | 1,070,635 | 1,127,657 | 1,134,481 | 1,138,665 | 1,140,046 | - | - |
| Reference price 2 | 11.66 | 9.208 | 16.54 | 13.59 | 14.88 | 18.00 | 18.00 | 18.00 |
| Announcement Date | 5/20/19 | 5/18/20 | 5/17/21 | 5/16/22 | 5/22/23 | 5/20/24 | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,697 | 8,495 | 1,636 | 4,801 | 10,775 | 13,444 | 14,813 | 16,370 |
| EBITDA 1 | 1,824 | 1,876 | -268.4 | 379.8 | 2,496 | 3,120 | 3,797 | 4,111 |
| EBIT 1 | 1,189 | 1,127 | -839.4 | -339.6 | 1,573 | 2,061 | 2,636 | 2,864 |
| Operating Margin | 15.44% | 13.27% | -51.31% | -7.07% | 14.6% | 15.33% | 17.8% | 17.49% |
| Earnings before Tax (EBT) 1 | 948.1 | 670.3 | -1,109 | -429.8 | 1,573 | 2,128 | 2,538 | 2,986 |
| Net income 1 | 885 | 648.7 | -1,015 | -240.8 | 1,314 | 1,917 | 2,469 | 2,631 |
| Net margin | 11.5% | 7.64% | -62.06% | -5.02% | 12.19% | 14.26% | 16.67% | 16.07% |
| EPS 2 | 0.7665 | 0.5793 | -0.9142 | -0.2130 | 1.153 | 1.674 | 2.168 | 2.367 |
| Free Cash Flow 1 | 522.8 | 910.5 | -2,743 | 758.9 | 1,976 | 980 | 2,010 | 3,160 |
| FCF margin | 6.79% | 10.72% | -167.67% | 15.81% | 18.34% | 7.3% | 13.57% | 19.3% |
| FCF Conversion (EBITDA) | 28.66% | 48.53% | - | 199.82% | 79.17% | 31.18% | 52.93% | 76.85% |
| FCF Conversion (Net income) | 59.07% | 140.36% | - | - | 150.43% | 51.26% | 81.39% | 120.12% |
| Dividend per Share 2 | - | - | - | - | - | 0.3285 | 0.5062 | 0.5570 |
| Announcement Date | 5/20/19 | 5/18/20 | 5/17/21 | 5/16/22 | 5/22/23 | 5/20/24 | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 S1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,176 | 1,784 | - | 1,470 | 1,176 | 2,602 | 4,015 | 2,312 | 1,847 | 3,649 | 4,926 | 8,575 | 2,699 | 2,170 | 3,928 | 5,459 | 3,029 | 2,309 |
| EBITDA 1 | - | 455.9 | - | 76.9 | 17.2 | 466 | 1,645 | 374.4 | 10.6 | 986.1 | 1,988 | 2,975 | 244.5 | -98.9 | 945.9 | 2,250 | 390.6 | -81.35 |
| EBIT 1 | -176.8 | 254 | - | -116.7 | -172.4 | 239.6 | 1,419 | 161.7 | -226.8 | 711.2 | 1,705 | 2,416 | -18.9 | -336.2 | 672.2 | 1,973 | 105.9 | -375.2 |
| Operating Margin | -15.03% | 14.23% | - | -7.94% | -14.66% | 9.21% | 35.34% | 6.99% | -12.28% | 19.49% | 34.6% | 28.17% | -0.7% | -15.49% | 17.11% | 36.13% | 3.5% | -16.25% |
| Earnings before Tax (EBT) 1 | -432.3 | - | - | -132.8 | -197.1 | 203 | 1,220 | 212.8 | -62.6 | 740.7 | 1,718 | 2,458 | 2.7 | -333.2 | 719 | 2,028 | 146 | -336 |
| Net income 1 | -410.5 | 225 | -47.6 | -95.8 | -97.4 | 187.5 | 1,076 | 202.1 | -151.7 | 662.9 | 1,515 | 2,178 | 14.8 | -275.8 | 641.8 | 1,804 | 126.3 | -313.5 |
| Net margin | -34.9% | 12.61% | - | -6.52% | -8.28% | 7.21% | 26.8% | 8.74% | -8.21% | 18.17% | 30.76% | 25.4% | 0.55% | -12.71% | 16.34% | 33.04% | 4.17% | -13.57% |
| EPS 2 | -0.3752 | 0.1975 | - | -0.0847 | -0.0860 | 0.1646 | 0.9456 | - | -0.1345 | 0.5794 | 1.324 | - | 0.0129 | -0.2400 | 0.5526 | 1.568 | 0.1077 | -0.2897 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.1750 | - | - | 0.2907 | 0.2907 |
| Announcement Date | 11/2/20 | 11/1/21 | 11/1/21 | 1/31/22 | 5/16/22 | 7/25/22 | 11/7/22 | 1/30/23 | 5/22/23 | 7/24/23 | 11/6/23 | 11/6/23 | 1/29/24 | 5/20/24 | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 450 | 157 | 2,277 | 1,452 | - | - | - | - |
| Net Cash position 1 | - | - | - | - | 559 | 1,366 | 2,517 | 5,057 |
| Leverage (Debt/EBITDA) | 0.2464 x | 0.0838 x | -8.482 x | 3.822 x | - | - | - | - |
| Free Cash Flow 1 | 523 | 911 | -2,743 | 759 | 1,976 | 980 | 2,010 | 3,160 |
| ROE (net income / shareholders' equity) | 21.2% | 19.7% | -17.1% | -6.97% | 23.5% | 28.7% | 28.2% | 25.6% |
| ROA (Net income/ Total Assets) | 8% | 7.16% | -6.02% | -2.58% | 8.33% | 11.2% | 12.2% | 12% |
| Assets 1 | 11,062 | 9,062 | 16,854 | 9,319 | 15,778 | 17,115 | 20,167 | 21,853 |
| Book Value Per Share 2 | 4.600 | 4.440 | 4.120 | 4.890 | 4.950 | 6.510 | 8.140 | 10.00 |
| Cash Flow per Share 2 | 0.3700 | 1.880 | -2.200 | 1.720 | 3.410 | 3.120 | 3.380 | 3.770 |
| Capex 1 | 1,542 | 1,196 | 295 | 1,182 | 1,915 | 2,588 | 2,153 | 1,019 |
| Capex / Sales | 20.03% | 14.08% | 18.02% | 24.61% | 17.77% | 19.28% | 14.54% | 6.23% |
| Announcement Date | 5/20/19 | 5/18/20 | 5/17/21 | 5/16/22 | 5/22/23 | 5/20/24 | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
21
Last Close Price
18
EUR
Average target price
25.88
EUR
Spread / Average Target
+43.76%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.61% | 22.41B | |
| +29.83% | 34.2B | |
| +45.45% | 20.23B | |
| +28.53% | 17.96B | |
| -11.13% | 14.93B | |
| +41.08% | 13.86B | |
| -1.21% | 13.1B | |
| +11.97% | 11.02B | |
| +2.84% | 10.97B | |
| -0.13% | 9.14B |
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