Finnair
2.371 EUR -2%13,281 investors are following this company
Finnair is a Finnish airline. The company offers a wide range of destinations to and from Europe, and to a large part of the world's continents. The flights are mainly found around the Nordic countries, Europe and Asia. In addition to regular flights, long-haul flights are offered. The company was founded in 1923 and is headquartered in Vantaa, Finland.
P/E (adj.) (24e)
9.36
EV/EBIT (adj.) (24e)
10.05
P/B (24e)
0.78
Dividend yield-% (24e)
2.11 %
Target price
3.00 EUR
Recommendation
Accumulate
Updated
21.7.2024
NASDAQ Helsinki
FIA1S
Daily low / high price
2.353 / 2.43
EUR
Market cap
485.61M EUR
Turnover
847K EUR
Volume
356K
Business risk
Valuation risk
Current
Previous
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 829.2 | 838.4 | 2,356.6 | 2,988.5 | 3,063.4 | 3,130.2 | 3,210.7 | 3,312.4 |
growth-% | -73.2 % | 1.1 % | 181.1 % | 26.8 % | 2.5 % | 2.2 % | 2.6 % | 3.2 % |
EBITDA | -120.7 | -134.6 | 149.2 | 537.6 | 471.3 | 495.0 | 511.6 | 511.6 |
EBIT (adj.) | -595.3 | -469.9 | -163.9 | 184.0 | 149.0 | 170.0 | 193.0 | 195.0 |
EBIT | -464.5 | -454.4 | -200.6 | 191.4 | 142.3 | 170.0 | 193.0 | 195.0 |
Profit before taxes | -654.3 | -581.9 | -370.7 | 119.1 | 58.0 | 91.2 | 115.7 | 110.9 |
Net income | -540.8 | -480.7 | -492.5 | 241.2 | 46.4 | 73.0 | 92.5 | 88.7 |
EPS (adj.) | -0.50 | -0.35 | -0.33 | 0.00 | 0.25 | 0.36 | 0.45 | 0.43 |
growth-% | -199.9 % | 4,987.0 % | 41.0 % | 26.8 % | -4.1 % | |||
Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.10 | 0.11 | 0.11 |
Dividend ratio | 22.0 % | 28.0 % | 24.3 % | 25.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | -14.6 % | -16.1 % | 6.3 % | 18.0 % | 15.4 % | 15.8 % | 15.9 % | 15.4 % |
EBIT-% (adj.) | -71.8 % | -56.0 % | -7.0 % | 6.2 % | 4.9 % | 5.4 % | 6.0 % | 5.9 % |
EBIT-% | -56.0 % | -54.2 % | -8.5 % | 6.4 % | 4.6 % | 5.4 % | 6.0 % | 5.9 % |
ROE | -58.1 % | -70.1 % | -111.1 % | 48.8 % | 7.7 % | 11.1 % | 12.8 % | 11.2 % |
ROI | -16.5 % | -14.3 % | -6.3 % | 6.8 % | 5.5 % | 7.5 % | 8.7 % | 8.8 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 0.76 | 0.60 | 0.39 | 0.04 | 2.37 | 2.37 | 2.37 | 2.37 |
Shares | 1,407.4 | 1,407.4 | 1,407.4 | 20,421.1 | 204.2 | 204.2 | 204.2 | 204.2 |
Market cap | 1,069.6 | 844.4 | 548.9 | 816.8 | 484.2 | 484.2 | 484.2 | 484.2 |
Enterprise value | 2,624.6 | 2,588.2 | 2,253.6 | 1,920.4 | 1,497.1 | 1,308.8 | 1,136.1 | 1,119.8 |
EV/S | 3.2 | 3.1 | 1.0 | 0.6 | 0.5 | 0.4 | 0.4 | 0.3 |
EV/EBITDA | - | - | 15.1 | 3.6 | 3.2 | 2.6 | 2.2 | 2.2 |
EV/EBIT (adj.) | - | - | - | 10.4 | 10.0 | 7.7 | 5.9 | 5.7 |
EV/EBIT | - | - | - | 10.0 | 10.5 | 7.7 | 5.9 | 5.7 |
P/E (adj.) | - | - | - | 8.0 | 9.4 | 6.6 | 5.2 | 5.5 |
P/E | - | - | - | 3.4 | 10.4 | 6.6 | 5.2 | 5.5 |
P/B | 1.2 | 1.8 | 1.3 | 1.4 | 0.8 | 0.7 | 0.6 | 0.6 |
P/S | 1.3 | 1.0 | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 |
Dividend yield | 2.1 % | 4.2 % | 4.6 % | 4.6 % | ||||
Equity ratio | 24.6 % | 11.8 % | 9.9 % | 15.6 % | 16.7 % | 19.0 % | 21.3 % | 22.5 % |
Gearing ratio | 151.1 % | 324.4 % | 269.0 % | 191.3 % | 162.5 % | 120.2 % | 86.0 % | 77.1 % |
Quarter data
Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24e | Q4/24e | 2024e | Q1/25e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 817.3 | 727.2 | 2,988.5 | 681.5 | 766.1 | 849.2 | 766.6 | 3,063.4 | |
EBITDA | 173.4 | 125.3 | 537.6 | 65.6 | 124.7 | 174.0 | 107.0 | 471.3 | |
EBIT | 90.0 | 27.3 | 191.4 | -17.2 | 42.5 | 92.0 | 25.0 | 142.3 | |
Profit before taxes | 66.5 | 16.4 | 119.1 | -37.6 | 22.6 | 70.0 | 3.0 | 58.0 | |
Net income | 48.4 | 60.2 | 241.2 | -29.9 | 17.9 | 56.0 | 2.4 | 46.4 |
ShowingAll content types
Finnair Traffic Performance in August 2024
Finnair Plc - Managers' Transactions - Kuusisto
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