Is Wizz Air Holdings (LON:WIZZ) A Risky Investment?
Dec 05
U.K. (FTSE) Airlines Industry Analysis
UpdatedDec 08, 2023
DataAggregated Company Financials
Companies5
- 7D4.2%
- 3M5.4%
- 1Y15.0%
- YTD26.0%
Over the last 7 days, the Airlines industry has risen 4.2%, driven by gains in International Consolidated Airlines Group and easyJet of 3.3% and 6.6%, respectively. During this same period, the Esken underperformed, falling 36%. This takes the industry's 12 month performance to a gain of 15%. Looking forward, earnings are forecast to grow by 7.2% 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 |
|---|---|---|---|---|---|---|
| Sat, 09 Dec 2023 | UK£16.2b | UK£42.9b | UK£3.0b | 7.8x | 5.4x | 0.4x |
| Mon, 06 Nov 2023 | UK£12.7b | UK£37.1b | UK£2.3b | 5.7x | 5.6x | 0.3x |
| Wed, 04 Oct 2023 | UK£12.9b | UK£36.0b | UK£2.0b | 5.9x | 6.6x | 0.4x |
| Fri, 01 Sep 2023 | UK£13.5b | UK£35.7b | UK£1.9b | 6.2x | 7x | 0.4x |
| Sun, 30 Jul 2023 | UK£14.0b | UK£35.7b | UK£1.9b | 6.5x | 7.2x | 0.4x |
| Tue, 27 Jun 2023 | UK£13.9b | UK£33.6b | UK£1.1b | 10.2x | 12.6x | 0.4x |
| Thu, 25 May 2023 | UK£14.1b | UK£33.9b | UK£1.1b | 10.2x | 12.7x | 0.4x |
| Sat, 22 Apr 2023 | UK£14.1b | UK£30.8b | UK£381.5m | 16.5x | 37x | 0.5x |
| Mon, 20 Mar 2023 | UK£12.8b | UK£30.7b | UK£378.2m | 15.2x | 33.8x | 0.4x |
| Wed, 15 Feb 2023 | UK£6.5b | UK£10.5b | UK£560.2k | 13.2x | 11597.4x | 0.6x |
| Fri, 13 Jan 2023 | UK£5.6b | UK£10.5b | UK£566.4k | 11.6x | 9935.5x | 0.5x |
| Sun, 11 Dec 2022 | UK£5.1b | UK£10.5b | UK£597.3k | 10.5x | 8590.6x | 0.5x |
| Tue, 08 Nov 2022 | UK£4.8b | UK£4.3b | -UK£1,083,441,271.00 | n/a | -4.4x | 1.1x |
| Thu, 06 Oct 2022 | UK£8.7b | UK£18.0b | -UK£2,432,372,758.00 | n/a | -3.6x | 0.5x |
| Sat, 03 Sep 2022 | UK£10.1b | UK£17.8b | -UK£2,418,804,227.00 | n/a | -4.2x | 0.6x |
| Mon, 01 Aug 2022 | UK£5.1b | UK£4.2b | -UK£1,084,667,488.00 | n/a | -4.7x | 1.2x |
| Wed, 29 Jun 2022 | UK£7.4b | UK£5.0b | -UK£1,680,844,602.00 | n/a | -4.4x | 1.5x |
| Fri, 27 May 2022 | UK£9.5b | UK£4.7b | -UK£1,749,177,666.00 | n/a | -5.5x | 2x |
| Sun, 24 Apr 2022 | UK£10.5b | UK£3.5b | -UK£1,857,656,639.00 | 30.5x | -5.6x | 3x |
| Tue, 22 Mar 2022 | UK£9.4b | UK£3.5b | -UK£1,856,283,696.00 | 30.5x | -5x | 2.7x |
| Thu, 17 Feb 2022 | UK£13.4b | UK£3.5b | -UK£1,856,306,893.00 | 30.2x | -7.2x | 3.8x |
| Sat, 15 Jan 2022 | UK£12.5b | UK£3.3b | -UK£1,729,982,928.00 | 21.6x | -7.2x | 3.8x |
| Mon, 13 Dec 2021 | UK£10.8b | UK£3.3b | -UK£1,738,882,071.00 | 19.3x | -6.2x | 3.3x |
| Wed, 10 Nov 2021 | UK£13.0b | UK£2.6b | -UK£2,118,227,221.00 | 21.2x | -6.2x | 5.1x |
| Fri, 08 Oct 2021 | UK£12.7b | UK£2.3b | -UK£2,239,666,520.00 | 22.3x | -5.7x | 5.5x |
| Sun, 05 Sep 2021 | UK£11.4b | UK£2.3b | -UK£2,243,802,240.24 | 9.9x | -5.1x | 4.9x |
| Tue, 03 Aug 2021 | UK£11.9b | UK£2.3b | -UK£2,243,802,240.24 | 9.8x | -5.3x | 5.2x |
| Fri, 07 May 2021 | UK£12.4b | UK£2.2b | -UK£2,234,579,179.39 | 8.3x | -5.5x | 5.6x |
| Mon, 08 Feb 2021 | UK£9.7b | UK£4.1b | -UK£2,059,877,959.41 | 7.7x | -4.7x | 2.4x |
Price to Earnings Ratio
-5.1x
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 5.4x which is lower than its 3-year average PE of 817x.
- The 3-year average PS ratio of 2.2x is higher than the industry's current PS ratio of 0.38x.
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 119% 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 | 0.88% | |
| Industrials | 1.65% | |
| Airlines | 4.19% | |
| Airlines | 4.19% | |
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 | |
|---|---|---|---|---|---|
| WIZZ Wizz Air Holdings | UK£20.77 | 6.7% +UK£134.9m | -16.0% | PE9.7x | |
| IAG International Consolidated Airlines Group | UK£1.58 | 1.2% +UK£93.5m | 19.2% | PE3.8x | |
| EZJ easyJet | UK£4.81 | 1.7% +UK£60.4m | 25.3% | PE11.2x | |
| JET2 Jet2 | UK£12.32 | 0.7% +UK£17.2m | 23.9% | PE6.1x | |
| GMAA Gama Aviation | UK£1.00 | 8.7% +UK£5.1m | 62.6% | PS0.3x |
