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Ryanair Holdings

XTRA:RY4C
Snowflake Description

Proven track record with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RY4C
XTRA
€14B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, and Other European countries. The last earnings update was 73 days ago. More info.


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RY4C Share Price and Events
7 Day Returns
8.1%
XTRA:RY4C
9%
Europe Airlines
2.5%
DE Market
1 Year Returns
-17.9%
XTRA:RY4C
-14.3%
Europe Airlines
-6.7%
DE Market
RY4C Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ryanair Holdings (RY4C) 8.1% 4.2% 25.2% -17.9% - -
Europe Airlines 9% 3.2% 6.7% -14.3% 12% 25.3%
DE Market 2.5% 3.3% 9.2% -6.7% 9% 13.5%
1 Year Return vs Industry and Market
  • RY4C underperformed the Airlines industry which returned -14.3% over the past year.
  • RY4C underperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
RY4C
Industry
5yr Volatility vs Market

RY4C Value

 Is Ryanair Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ryanair Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ryanair Holdings.

XTRA:RY4C Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 26 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for XTRA:RY4C
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 7.1%
Airlines Unlevered Beta Simply Wall St/ S&P Global 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.888 (1 + (1- 12.5%) (26.37%))
1.062
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.062 * 7.14%)
7.81%

Discounted Cash Flow Calculation for XTRA:RY4C using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ryanair Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

XTRA:RY4C DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.81%)
2019 196.96 Analyst x5 182.69
2020 258.56 Analyst x14 222.45
2021 642.54 Analyst x13 512.77
2022 972.00 Analyst x1 719.49
2023 1,216.00 Analyst x1 834.90
2024 1,406.80 Est @ 15.69% 895.93
2025 1,562.29 Est @ 11.05% 922.87
2026 1,684.22 Est @ 7.8% 922.83
2027 1,777.39 Est @ 5.53% 903.32
2028 1,847.44 Est @ 3.94% 870.90
Present value of next 10 years cash flows €6,988.14
XTRA:RY4C DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €1,847.44 × (1 + 0.23%) ÷ (7.81% – 0.23%)
€24,420.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €24,420.80 ÷ (1 + 7.81%)10
€11,512.22
XTRA:RY4C Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €6,988.14 + €11,512.22
€18,500.37
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €18,500.37 / 1,133.40
€16.32
XTRA:RY4C Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in XTRA:RY4C represents 1.00633x of ISE:RY4C
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00633x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 16.32 x 1.00633
€16.43
Value per share (EUR) From above. €16.43
Current discount Discount to share price of €12.71
= -1 x (€12.71 - €16.43) / €16.43
22.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Ryanair Holdings is available for.
Intrinsic value
23%
Share price is €12.71 vs Future cash flow value of €16.43
Current Discount Checks
For Ryanair Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ryanair Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ryanair Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ryanair Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ryanair Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XTRA:RY4C PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.98
ISE:RY4C Share Price ** ISE (2019-04-18) in EUR €12.63
Europe Airlines Industry PE Ratio Median Figure of 14 Publicly-Listed Airlines Companies 8.34x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 19.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ryanair Holdings.

XTRA:RY4C PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ISE:RY4C Share Price ÷ EPS (both in EUR)

= 12.63 ÷ 0.98

12.83x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ryanair Holdings is overvalued based on earnings compared to the Europe Airlines industry average.
  • Ryanair Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Ryanair Holdings's expected growth come at a high price?
Raw Data
XTRA:RY4C PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 26 Analysts
14.2%per year
Europe Airlines Industry PEG Ratio Median Figure of 12 Publicly-Listed Airlines Companies 0.75x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

XTRA:RY4C PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.83x ÷ 14.2%

0.9x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ryanair Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Ryanair Holdings's assets?
Raw Data
XTRA:RY4C PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €4.30
ISE:RY4C Share Price * ISE (2019-04-18) in EUR €12.63
Europe Airlines Industry PB Ratio Median Figure of 17 Publicly-Listed Airlines Companies 1.59x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
XTRA:RY4C PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ISE:RY4C Share Price ÷ Book Value per Share (both in EUR)

= 12.63 ÷ 4.30

2.94x

* Primary Listing of Ryanair Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ryanair Holdings is overvalued based on assets compared to the Europe Airlines industry average.
X
Value checks
We assess Ryanair Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Airlines industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Airlines industry average (and greater than 0)? (1 check)
  5. Ryanair Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

RY4C Future Performance

 How is Ryanair Holdings expected to perform in the next 1 to 3 years based on estimates from 26 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ryanair Holdings expected to grow at an attractive rate?
  • Ryanair Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Ryanair Holdings's earnings growth is expected to exceed the Germany market average.
  • Ryanair Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
XTRA:RY4C Future Growth Rates Data Sources
Data Point Source Value (per year)
XTRA:RY4C Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 26 Analysts 14.2%
XTRA:RY4C Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 26 Analysts 8.9%
Europe Airlines Industry Earnings Growth Rate Market Cap Weighted Average 11.1%
Europe Airlines Industry Revenue Growth Rate Market Cap Weighted Average 6.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
XTRA:RY4C Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 26 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XTRA:RY4C Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31
2023-03-31 10,720 2,768 1,653 1
2022-03-31 10,243 2,518 1,505 2
2021-03-31 9,302 2,325 1,319 23
2020-03-31 8,551 2,009 1,066 26
2019-03-31 7,677 1,751 942 26
XTRA:RY4C Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 7,740 1,762 1,137
2018-09-30 7,564 1,949 1,308
2018-06-30 7,320 2,276 1,362
2018-03-31 7,151 2,233 1,450
2017-12-31 7,002 2,059 1,452
2017-09-30 6,942 2,023 1,441
2017-06-30 6,871 1,947 1,458
2017-03-31 6,648 1,927 1,316
2016-12-31 6,643 1,751 1,313
2016-09-30 6,627 1,721 1,321
2016-06-30 6,571 1,861 1,570
2016-03-31 6,536 1,846 1,559

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ryanair Holdings's earnings are expected to grow by 14.2% yearly, however this is not considered high growth (20% yearly).
  • Ryanair Holdings's revenue is expected to grow by 8.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
XTRA:RY4C Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 26 Analyst Estimates (S&P Global) See Below

All data from Ryanair Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:RY4C Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 1.20 1.45 1.04 13.00
2020-03-31 0.95 1.08 0.84 14.00
2019-03-31 0.83 0.92 0.75 14.00
XTRA:RY4C Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.98
2018-09-30 1.12
2018-06-30 1.15
2018-03-31 1.22
2017-12-31 1.21
2017-09-30 1.18
2017-06-30 1.18
2017-03-31 1.05
2016-12-31 1.03
2016-09-30 1.01
2016-06-30 1.18
2016-03-31 1.16

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Ryanair Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Ryanair Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ryanair Holdings has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

RY4C Past Performance

  How has Ryanair Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ryanair Holdings's growth in the last year to its industry (Airlines).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ryanair Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Ryanair Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Ryanair Holdings's 1-year earnings growth is negative, it can't be compared to the Europe Airlines industry average.
Earnings and Revenue History
Ryanair Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ryanair Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:RY4C Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 7,740.20 1,136.70 441.10
2018-09-30 7,563.70 1,308.40 513.50
2018-06-30 7,319.60 1,362.30 414.50
2018-03-31 7,151.00 1,450.20 385.40
2017-12-31 7,001.50 1,451.70 378.40
2017-09-30 6,941.60 1,440.80 373.80
2017-06-30 6,870.70 1,457.50 335.30
2017-03-31 6,647.80 1,315.90 322.30
2016-12-31 6,642.70 1,313.00 323.90
2016-09-30 6,627.20 1,321.00 316.00
2016-06-30 6,570.50 1,569.50 305.30
2016-03-31 6,535.80 1,559.10 292.70
2015-12-31 6,354.00 1,531.20 271.60
2015-09-30 6,156.70 1,477.40 259.00
2015-06-30 5,811.00 915.00 249.30
2015-03-31 5,654.00 866.70 233.90
2014-12-31 5,487.10 800.00 225.90
2014-09-30 5,319.30 715.90 213.30
2014-06-30 5,190.20 641.50 198.70
2014-03-31 5,036.70 522.80 192.80
2013-12-31 5,028.30 522.30 184.70
2013-09-30 5,032.70 575.60 186.20
2013-06-30 4,942.30 548.60 200.00
2013-03-31 4,884.00 569.30 197.90
2012-12-31 4,908.30 615.70 203.50
2012-09-30 4,783.90 612.50 199.10
2012-06-30 4,518.70 519.90 188.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ryanair Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Ryanair Holdings used its assets more efficiently than the Europe Airlines industry average last year based on Return on Assets.
  • Ryanair Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ryanair Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Airlines industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ryanair Holdings has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

RY4C Health

 How is Ryanair Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ryanair Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ryanair Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Ryanair Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Ryanair Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ryanair Holdings Company Filings, last reported 3 months ago.

XTRA:RY4C Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,876.30 3,729.10 2,197.60
2018-09-30 5,456.70 3,825.60 2,804.70
2018-06-30 4,827.80 3,897.10 3,601.60
2018-03-31 4,468.90 3,964.00 3,645.50
2017-12-31 4,800.00 4,074.70 3,201.90
2017-09-30 4,734.20 4,180.90 3,565.40
2017-06-30 4,267.80 4,283.80 4,175.80
2017-03-31 4,423.00 4,384.50 4,128.50
2016-12-31 4,861.20 3,746.70 3,158.10
2016-09-30 4,668.70 3,836.50 3,897.10
2016-06-30 3,734.70 3,953.60 4,095.90
2016-03-31 3,596.80 4,023.00 4,321.50
2015-12-31 4,045.10 4,160.90 4,489.90
2015-09-30 4,529.80 4,244.10 5,198.40
2015-06-30 3,994.70 4,354.70 4,881.00
2015-03-31 4,035.10 4,431.60 4,789.20
2014-12-31 4,049.30 3,713.80 4,113.50
2014-09-30 4,225.40 3,822.60 4,357.00
2014-06-30 3,522.90 3,910.30 4,463.30
2014-03-31 3,285.80 3,156.00 3,228.40
2013-12-31 3,364.50 3,264.60 2,809.30
2013-09-30 3,643.00 3,375.40 3,442.40
2013-06-30 3,118.60 3,521.20 3,570.90
2013-03-31 3,272.60 3,580.20 3,534.30
2012-12-31 3,228.40 3,590.90 3,123.40
2012-09-30 3,749.50 3,683.20 3,901.50
2012-06-30 3,181.20 3,637.00 3,775.10
  • Ryanair Holdings's level of debt (76.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (97% vs 76.5% today).
  • Debt is well covered by operating cash flow (47.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 26.3x coverage).
X
Financial health checks
We assess Ryanair Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ryanair Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

RY4C Dividends

 What is Ryanair Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Ryanair Holdings dividends. Estimated to be 0% next year.
If you bought €2,000 of Ryanair Holdings shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Ryanair Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ryanair Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
XTRA:RY4C Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 26 Analyst Estimates (S&P Global) See Below
Europe Airlines Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 4.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

XTRA:RY4C Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 0.00 1.00
2023-03-31 0.00 1.00
2022-03-31 0.00 1.00
2021-03-31 0.00 10.00
2020-03-31 0.00 10.00
2019-03-31 0.00 11.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Ryanair Holdings has not reported any payouts.
  • Unable to verify if Ryanair Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ryanair Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ryanair Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Ryanair Holdings's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Ryanair Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ryanair Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ryanair Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RY4C Management

 What is the CEO of Ryanair Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michael O'Leary
COMPENSATION €2,310,000
AGE 57
TENURE AS CEO 22 years
CEO Bio

Mr. Michael O'Leary has been the Chief Executive Officer of Ryanair Limited, a subsidiary of Ryanair Holdings plc since January 1, 1994. Mr. O'Leary has been the Chief Executive Officer of Ryanair Holdings plc since April 21, 1997. He served as the Deputy Chief Executive of Ryanair Limited from 1991 to May 1993 and Chief Operating Officer from June 1993 to December 1993. He previously served as CFO at Ryanair since 1988. He has been an Executive Director of Ryanair Holdings PLC since July 2, 1996. Mr. O'Leary has been a Director of Ryanair Limited since November 25, 1988.

CEO Compensation
  • Michael's compensation has been consistent with company performance over the past year.
  • Michael's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Ryanair Holdings management team in years:

5.3
Average Tenure
53
Average Age
  • The average tenure for the Ryanair Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Michael O'Leary

TITLE
CEO & Executive Director
COMPENSATION
€2M
AGE
57
TENURE
22 yrs

Neil Sorahan

TITLE
Chief Financial Officer
AGE
47
TENURE
4.5 yrs

Peter Bellew

TITLE
Chief Operations Officer
AGE
53
TENURE
1.3 yrs

John Hurley

TITLE
Chief Technology Officer
AGE
43
TENURE
4.6 yrs

Shane O'toole

TITLE
Head of Investor Relations
TENURE
3.2 yrs

Juliusz Komorek

TITLE
Chief Legal & Regulatory Officer and Company Secretary
AGE
40
TENURE
9.9 yrs

Kenny Jacobs

TITLE
Chief Marketing Officer
AGE
45
TENURE
5.3 yrs

Edward Wilson

TITLE
Chief People Officer
AGE
55
TENURE
16.3 yrs

Ray Conway

TITLE
Chief Pilot
AGE
63

David O'Brien

TITLE
Chief Commercial Officer
AGE
54
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the Ryanair Holdings board of directors in years:

5.8
Average Tenure
63
Average Age
  • The tenure for the Ryanair Holdings board of directors is about average.
Board of Directors

David Bonderman

TITLE
Non-Executive Chairman
COMPENSATION
€100K
AGE
76
TENURE
22.3 yrs

Michael O'Leary

TITLE
CEO & Executive Director
COMPENSATION
€2M
AGE
57
TENURE
22.8 yrs

Stan McCarthy

TITLE
Non-Executive Deputy Chairman
COMPENSATION
€40K
AGE
61
TENURE
0.3 yrs

Michael Cawley

TITLE
Independent Non Executive Director
COMPENSATION
€50K
AGE
64
TENURE
4.7 yrs

Howard Millar

TITLE
Non-Executive Director
COMPENSATION
€50K
AGE
57
TENURE
3.7 yrs

Kyran McLaughlin

TITLE
Senior Independent Director
COMPENSATION
€50K
AGE
74

Mike O'Brien

TITLE
Non-Executive Director
COMPENSATION
€80K
AGE
74
TENURE
2.9 yrs

Julie O'Neill

TITLE
Independent Non-Executive Director
COMPENSATION
€50K
AGE
62
TENURE
6.3 yrs

Louise Phelan

TITLE
Non Executive Director
COMPENSATION
€50K
AGE
52
TENURE
6.3 yrs

Dick Milliken

TITLE
Non Executive Director
COMPENSATION
€50K
AGE
68
TENURE
5.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
18. Jun 18 Buy Louise Phelan Individual 13. Jun 18 13. Jun 18 23,175 €16.03 €371,495
X
Management checks
We assess Ryanair Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ryanair Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

RY4C News

Simply Wall St News

RY4C Company Info

Description

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, and Other European countries. The company is also involved in the provision of various ancillary services, such as non-flight scheduled services and Internet-related services; in-flight sale of beverages, food, and merchandise; and marketing accommodation services, holidays, car hire, and travel insurance through its Website. In addition, it sells bus and rail tickets onboard its aircraft and through its Website, as well as gift vouchers through its Website; and markets car parking, attractions, and activities through its Website. As of June 30, 2018, the company operated a fleet of 440 Boeing 737 aircraft; and offered approximately 2,000 scheduled short-haul flights per day serving approximately 200 airports in Europe. Ryanair Holdings plc was founded in 1985 and is headquartered in Swords, Ireland.

Details
Name: Ryanair Holdings plc
RY4C
Exchange: XTRA
Founded: 1985
€14,139,106,641
1,133,395,322
Website: http://www.ryanair.com
Address: Ryanair Holdings plc
Dublin Office,
Airside Business Park,
Swords,
Co. Dublin, K67 NY94,
Ireland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ISE RY4C Ordinary Shares Irish Stock Exchange IE EUR 06. Jun 1997
OTCPK RYAO.F Ordinary Shares Pink Sheets LLC US USD 06. Jun 1997
DB RY4C Ordinary Shares Deutsche Boerse AG DE EUR 06. Jun 1997
XTRA RY4C Ordinary Shares XETRA Trading Platform DE EUR 06. Jun 1997
LSE RYA Ordinary Shares London Stock Exchange GB EUR 06. Jun 1997
BMV RYA N Ordinary Shares Bolsa Mexicana de Valores MX MXN 06. Jun 1997
NasdaqGS RYAA.Y ADR EACH REPR 5 ORD EUR0.012 POST REV SP Nasdaq Global Select US USD 29. May 1997
DB RY4D ADR EACH REPR 5 ORD EUR0.012 POST REV SP Deutsche Boerse AG DE EUR 29. May 1997
XTRA RY4CI ORD EUR0.006 XETRA Trading Platform DE EUR 18. Apr 2019
LSE RYA ORD EUR0.006 London Stock Exchange GB EUR 18. Apr 2019
ISE RY4C ORD EUR0.006 Irish Stock Exchange IE EUR 18. Apr 2019
BMV RYAAY N ADR EACH REPR 5 ORD EUR0.012 POST REV SP Bolsa Mexicana de Valores MX MXN 29. May 1997
Number of employees
Current staff
Staff numbers
14,000
Ryanair Holdings employees.
Industry
Airlines
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:17
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/02/04
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.