An Intrinsic Calculation For Jet2 plc (LON:JET2) Suggests It's 27% Undervalued
Dec 10
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U.K. (FTSE) Airlines Industry Analysis
UpdatedDec 20, 2024
DataAggregated Company Financials
Companies4
- 7D0.6%
- 3M30.0%
- 1Y42.5%
- YTD45.9%
In the last week, the Airlines industry is up 2.9%, with International Consolidated Airlines Group up 5.1%. In the last 12 months, the industry was up 44%. Looking forward, earnings are forecast to grow by 6.2% annually.
Industry Valuation and Performance
Has the U.K. Airlines Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 20 Dec 2024 | UK£23.8b | UK£46.3b | UK£3.5b | 6.5x | 6.7x | 0.5x |
| Sun, 17 Nov 2024 | UK£20.7b | UK£45.4b | UK£3.4b | 7.2x | 6.1x | 0.5x |
| Tue, 15 Oct 2024 | UK£16.5b | UK£40.6b | UK£3.0b | 7.6x | 5.5x | 0.4x |
| Thu, 12 Sep 2024 | UK£16.2b | UK£40.8b | UK£3.0b | 7.5x | 5.4x | 0.4x |
| Sat, 10 Aug 2024 | UK£14.3b | UK£41.2b | UK£3.0b | 7.2x | 4.7x | 0.3x |
| Mon, 08 Jul 2024 | UK£16.9b | UK£44.3b | UK£3.4b | 6.6x | 4.9x | 0.4x |
| Wed, 05 Jun 2024 | UK£17.6b | UK£44.5b | UK£3.5b | 7.2x | 5.1x | 0.4x |
| Fri, 03 May 2024 | UK£15.9b | UK£39.5b | UK£3.0b | 7x | 5.3x | 0.4x |
| Sun, 31 Mar 2024 | UK£16.1b | UK£39.5b | UK£3.0b | 7.2x | 5.3x | 0.4x |
| Tue, 27 Feb 2024 | UK£14.9b | UK£38.8b | UK£2.8b | 7.1x | 5.4x | 0.4x |
| Thu, 25 Jan 2024 | UK£16.5b | UK£42.8b | UK£3.0b | 8.1x | 5.5x | 0.4x |
| Sat, 23 Dec 2023 | UK£16.8b | UK£43.2b | UK£3.0b | 8.3x | 5.5x | 0.4x |
| Mon, 20 Nov 2023 | UK£15.8b | UK£41.6b | UK£2.5b | 8.5x | 6.3x | 0.4x |
| Wed, 18 Oct 2023 | UK£12.4b | UK£36.0b | UK£2.0b | 5.9x | 6.3x | 0.3x |
| Fri, 15 Sep 2023 | UK£13.4b | UK£35.8b | UK£1.9b | 6.3x | 6.9x | 0.4x |
| Sun, 13 Aug 2023 | UK£14.0b | UK£35.9b | UK£1.9b | 6.5x | 7.2x | 0.4x |
| Tue, 11 Jul 2023 | UK£14.1b | UK£34.2b | UK£1.2b | 8.2x | 11.8x | 0.4x |
| Thu, 08 Jun 2023 | UK£14.4b | UK£33.6b | UK£1.1b | 10.8x | 13.1x | 0.4x |
| Sat, 06 May 2023 | UK£13.8b | UK£30.6b | UK£376.4m | 16.1x | 36.5x | 0.5x |
| Mon, 03 Apr 2023 | UK£14.3b | UK£30.7b | UK£379.6m | 16.8x | 37.7x | 0.5x |
| Wed, 01 Mar 2023 | UK£14.2b | UK£30.7b | UK£378.6m | 16.9x | 37.6x | 0.5x |
| Fri, 27 Jan 2023 | UK£6.6b | UK£10.5b | UK£614.2k | 12.7x | 10714.5x | 0.6x |
| Sun, 25 Dec 2022 | UK£4.8b | UK£10.5b | UK£531.5k | 10.5x | 9025.6x | 0.5x |
| Tue, 22 Nov 2022 | UK£5.0b | UK£4.3b | -UK£1,090,036,762.00 | n/a | -4.5x | 1.2x |
| Thu, 20 Oct 2022 | UK£10.1b | UK£17.9b | -UK£2,422,265,111.00 | n/a | -4.2x | 0.6x |
| Sat, 17 Sep 2022 | UK£9.8b | UK£17.9b | -UK£2,435,330,707.00 | n/a | -4x | 0.5x |
| Mon, 15 Aug 2022 | UK£11.1b | UK£17.4b | -UK£2,386,325,057.00 | n/a | -4.6x | 0.6x |
| Wed, 13 Jul 2022 | UK£6.6b | UK£5.7b | -UK£1,618,744,693.00 | n/a | -4.1x | 1.2x |
| Fri, 10 Jun 2022 | UK£6.0b | UK£3.5b | -UK£1,135,138,056.00 | n/a | -5.2x | 1.7x |
| Sun, 08 May 2022 | UK£9.5b | UK£3.5b | -UK£1,868,460,850.00 | 30.5x | -5.1x | 2.7x |
| Tue, 05 Apr 2022 | UK£9.9b | UK£3.5b | -UK£1,856,968,202.00 | 30.5x | -5.3x | 2.8x |
| Thu, 03 Mar 2022 | UK£10.3b | UK£3.5b | -UK£1,852,737,293.00 | 30x | -5.5x | 2.9x |
| Sat, 29 Jan 2022 | UK£11.9b | UK£3.5b | -UK£1,852,945,570.00 | 30.3x | -6.4x | 3.4x |
| Mon, 27 Dec 2021 | UK£11.0b | UK£3.3b | -UK£1,733,834,021.00 | 20.3x | -6.4x | 3.4x |
Price to Earnings Ratio
-6.4x
Current Industry PE
- Investors are pessimistic on the British Airlines industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 6.8x which is lower than its 3-year average PE of 803x.
- The industry is trading close to its 3-year average PS ratio of 0.90x.
Past Earnings Growth
- Total earnings for the Airlines industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 141% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.K. Industrials industry?
| GB Market | -2.59% | |
| Industrials | -2.91% | |
| Airlines | 0.59% | |
| Airlines | 0.59% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| IAG International Consolidated Airlines Group | UK£3.02 | 3.5% +UK£496.7m | 89.4% | PE6.3x |
