Delta Air Lines, Inc.

DB:OYC Stock Report

Market Cap: €37.8b

Delta Air Lines Valuation

Is OYC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of OYC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OYC (€57.39) is trading below our estimate of fair value (€101.79)

Significantly Below Fair Value: OYC is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OYC?

Key metric: As OYC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for OYC. This is calculated by dividing OYC's market cap by their current earnings.
What is OYC's PE Ratio?
PE Ratio8.3x
EarningsUS$4.65b
Market CapUS$38.79b

Price to Earnings Ratio vs Peers

How does OYC's PE Ratio compare to its peers?

The above table shows the PE ratio for OYC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.4x
LHA Deutsche Lufthansa
6.6x2.0%€7.4b
DHL Deutsche Post
12.2x8.8%€39.3b
HLAG Hapag-Lloyd
19.5x-11.9%€28.5b
UAL United Airlines Holdings
11.4x12.1%US$31.9b
OYC Delta Air Lines
8.3x3.9%€38.8b

Price-To-Earnings vs Peers: OYC is good value based on its Price-To-Earnings Ratio (8.3x) compared to the peer average (12.5x).

Price to Earnings Ratio vs Industry

How does OYC's PE Ratio compare vs other companies in the Global Airlines Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
OYC 8.3xIndustry Avg. 9.4xNo. of Companies7PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OYC is good value based on its Price-To-Earnings Ratio (8.3x) compared to the Global Airlines industry average (9.3x).

Price to Earnings Ratio vs Fair Ratio

What is OYC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OYC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.3x
Fair PE Ratio16.8x

Price-To-Earnings vs Fair Ratio: OYC is good value based on its Price-To-Earnings Ratio (8.3x) compared to the estimated Fair Price-To-Earnings Ratio (16.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst OYC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€57.39
€72.87
+27.0%
16.5%€96.14€34.61n/a22
Dec ’25€60.47
€70.22
+16.1%
18.1%€95.45€34.36n/a22
Nov ’25€53.04
€57.71
+8.8%
15.8%€78.15€33.10n/a20
Oct ’25€45.63
€52.47
+15.0%
16.0%€76.15€35.84n/a20
Sep ’25€37.89
€53.96
+42.4%
15.7%€77.85€36.64n/a20
Aug ’25€40.30
€54.64
+35.6%
15.7%€78.43€36.91n/a20
Jul ’25€43.55
€56.22
+29.1%
14.7%€79.35€36.41n/a20
Jun ’25€46.74
€55.35
+18.4%
15.3%€78.70€36.11n/a20
May ’25€47.00
€54.48
+15.9%
14.9%€79.79€36.61n/a19
Apr ’25€44.18
€50.35
+14.0%
17.9%€79.14€31.65n/a20
Mar ’25€38.67
€49.62
+28.3%
16.2%€71.90€31.75n/a20
Feb ’25€35.87
€48.60
+35.5%
16.6%€70.76€31.24n/a20
Jan ’25€36.60
€47.95
+31.0%
16.6%€70.80€36.78€58.3820
Dec ’24€34.98
€47.95
+37.1%
16.6%€70.80€36.78€60.4720
Nov ’24€29.80
€49.78
+67.0%
16.4%€72.87€37.85€53.0420
Oct ’24€35.16
€55.06
+56.6%
14.4%€72.90€38.82€45.6319
Sep ’24€39.41
€55.50
+40.9%
13.4%€71.48€38.06€37.8919
Aug ’24€41.35
€53.60
+29.6%
12.6%€68.48€36.47€40.3019
Jul ’24€43.47
€51.50
+18.5%
12.7%€65.05€37.56€43.5519
Jun ’24€33.91
€47.60
+40.4%
17.4%€64.79€35.17€46.7419
May ’24€30.98
€46.99
+51.7%
20.7%€73.35€34.41€47.0018
Apr ’24€31.76
€47.39
+49.2%
19.1%€74.72€36.90€44.1819
Mar ’24€36.06
€47.53
+31.8%
19.8%€75.80€37.43€38.6719
Feb ’24€36.30
€46.82
+29.0%
20.3%€75.05€37.06€35.8719
Jan ’24€30.51
€45.94
+50.6%
23.4%€76.43€33.03€36.6019

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 03:55
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Delta Air Lines, Inc. is covered by 49 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John StaszakArgus Research Company
Lindsay BettiolAtlantic Equities LLP
Fred LowranceAvondale Partners