Finnair
2.9 EUR -0.74%13,152 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 (24e)
7.81
EV/EBIT (adj.) (24e)
8.52
P/B (24e)
1.02
Dividend yield-% (24e)
2.41 %
Target price
3.75 EUR
Recommendation
Accumulate
Updated
23.4.2024
NASDAQ Helsinki
FIA1S
Daily low / high price
2.884 / 2.978
EUR
Market cap
593.95M EUR
Turnover
1.09M EUR
Volume
376K
Business risk
Valuation risk
Current
Previous
Analyst
Antti Viljakainen
Head of Research
Latest videos
Financial calendar
Interim report
2024-07-19
Interim report
2024-10-29
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Prime Minister´s Office | 55.7 % | 55.7 % |
Varma Mutual Pension Insurance Company | 2.9 % | 2.9 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Sanna Suvanto-harsaae | 2023-11-09 | 6,075EUR |
Tiina Alahuhta-kasko | 2023-11-09 | 5,810EUR |
Premium
This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 829.2 | 838.4 | 2,356.6 | 2,988.5 | 3,099.2 | 3,141.7 | 3,228.5 | 3,323.1 |
growth-% | -73.2 % | 1.1 % | 181.1 % | 26.8 % | 3.7 % | 1.4 % | 2.8 % | 2.9 % |
EBITDA | -120.7 | -134.6 | 149.2 | 537.6 | 509.2 | 516.3 | 520.8 | 521.3 |
EBIT (adj.) | -595.3 | -469.9 | -163.9 | 184.0 | 190.0 | 199.0 | 203.0 | 204.0 |
EBIT | -464.5 | -454.4 | -200.6 | 191.4 | 184.4 | 199.0 | 203.0 | 204.0 |
Profit before taxes | -654.3 | -581.9 | -370.7 | 119.1 | 89.1 | 103.5 | 112.8 | 113.6 |
Net income | -540.8 | -480.7 | -492.5 | 241.2 | 71.4 | 82.8 | 90.2 | 90.9 |
EPS (adj.) | -0.50 | -0.35 | -0.33 | 0.00 | 0.37 | 0.41 | 0.44 | 0.45 |
growth-% | -199.9 % | 7,356.9 % | 9.2 % | 9.0 % | 0.7 % | |||
Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.10 | 0.11 | 0.11 |
Dividend ratio | 20.0 % | 24.7 % | 24.9 % | 25.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | -14.6 % | -16.1 % | 6.3 % | 18.0 % | 16.4 % | 16.4 % | 16.1 % | 15.7 % |
EBIT-% (adj.) | -71.8 % | -56.0 % | -7.0 % | 6.2 % | 6.1 % | 6.3 % | 6.3 % | 6.1 % |
EBIT-% | -56.0 % | -54.2 % | -8.5 % | 6.4 % | 6.0 % | 6.3 % | 6.3 % | 6.1 % |
ROE | -58.1 % | -70.1 % | -111.1 % | 48.8 % | 12.4 % | 13.5 % | 13.2 % | 12.1 % |
ROI | -16.5 % | -14.3 % | -6.3 % | 6.8 % | 7.7 % | 8.5 % | 9.0 % | 9.0 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 12.72 | 9.99 | 6.52 | 3.98 | 2.90 | 2.90 | 2.90 | 2.90 |
Shares | 1,407.4 | 1,407.4 | 1,407.4 | 20,421.1 | 204.2 | 204.2 | 204.2 | 204.2 |
Market cap | 17,896.5 | 14,062.7 | 9,172.0 | 81,276.0 | 592.2 | 592.2 | 592.2 | 592.2 |
Enterprise value | 19,451.5 | 15,806.5 | 10,876.8 | 82,379.5 | 1,619.2 | 1,433.0 | 1,263.0 | 1,244.1 |
EV/S | 23.5 | 18.9 | 4.6 | 27.6 | 0.5 | 0.5 | 0.4 | 0.4 |
EV/EBITDA | - | - | 72.9 | 153.2 | 3.2 | 2.8 | 2.4 | 2.4 |
EV/EBIT (adj.) | - | - | - | 447.8 | 8.5 | 7.2 | 6.2 | 6.1 |
EV/EBIT | - | - | - | 430.4 | 8.8 | 7.2 | 6.2 | 6.1 |
P/E (adj.) | - | - | - | 798.9 | 7.8 | 7.2 | 6.6 | 6.5 |
P/E | - | - | - | 337.0 | 8.3 | 7.2 | 6.6 | 6.5 |
P/B | 20.0 | 29.6 | 22.3 | 140.9 | 1.0 | 0.9 | 0.8 | 0.8 |
P/S | 21.6 | 16.8 | 3.9 | 27.2 | 0.2 | 0.2 | 0.2 | 0.2 |
Dividend yield | 2.4 % | 3.5 % | 3.8 % | 3.8 % | ||||
Equity ratio | 24.6 % | 11.8 % | 9.9 % | 15.6 % | 15.6 % | 18.0 % | 20.2 % | 21.5 % |
Gearing ratio | 151.1 % | 324.4 % | 269.0 % | 191.3 % | 177.6 % | 130.0 % | 93.6 % | 83.0 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 749.3 | 817.3 | 727.2 | 2,988.5 | 681.5 | 780.9 | 867.8 | 769.1 | 3,099.2 |
EBITDA | 148.6 | 173.4 | 125.3 | 537.6 | 65.6 | 136.0 | 186.9 | 120.7 | 509.2 |
EBIT | 65.8 | 90.0 | 27.3 | 191.4 | -17.2 | 56.0 | 106.9 | 38.7 | 184.4 |
Profit before taxes | 43.6 | 66.5 | 16.4 | 119.1 | -37.6 | 31.0 | 81.9 | 13.7 | 89.1 |
Net income | 134.1 | 48.4 | 60.2 | 241.2 | -29.9 | 24.8 | 65.5 | 11.0 | 71.4 |
ShowingAll content types
Finnair Plc - Managers' transactions - Suvanto-Harsaae
Finnair Plc - Managers' transactions - Siitonen
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