Wizz Air Holdings Plc

DB:WI2 Stock Report

Market Cap: €1.8b

Wizz Air Holdings Valuation

Is WI2 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 WI2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: WI2 (€17.35) is trading below our estimate of fair value (€183.27)

Significantly Below Fair Value: WI2 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WI2?

Key metric: As WI2 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for WI2. This is calculated by dividing WI2's market cap by their current earnings.
What is WI2's PE Ratio?
PE Ratio6x
Earnings€295.00m
Market Cap€1.76b

Price to Earnings Ratio vs Peers

How does WI2's PE Ratio compare to its peers?

The above table shows the PE ratio for WI2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19x
LHA Deutsche Lufthansa
6.6x15.1%€7.4b
SIX2 Sixt
15.2x16.3%€3.3b
HHFA Hamburger Hafen und Logistik
42.5x55.0%€1.3b
FRA Fraport
11.8x1.9%€5.1b
WI2 Wizz Air Holdings
6x18.3%€1.5b

Price-To-Earnings vs Peers: WI2 is good value based on its Price-To-Earnings Ratio (6x) compared to the peer average (18.8x).

Price to Earnings Ratio vs Industry

How does WI2's PE Ratio compare vs other companies in the Global Airlines Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
WI2 6.0xIndustry Avg. 9.5xNo. of Companies9PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WI2 is good value based on its Price-To-Earnings Ratio (6x) compared to the Global Airlines industry average (9.6x).

Price to Earnings Ratio vs Fair Ratio

What is WI2'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.

WI2 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6x
Fair PE Ratio13x

Price-To-Earnings vs Fair Ratio: WI2 is good value based on its Price-To-Earnings Ratio (6x) compared to the estimated Fair Price-To-Earnings Ratio (13x).

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 WI2 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€17.35
€21.09
+21.5%
39.2%€51.11€11.94n/a23
Dec ’25€15.57
€21.03
+35.0%
40.2%€51.07€11.94n/a23
Nov ’25€16.31
€21.57
+32.2%
43.3%€56.96€11.94n/a23
Oct ’25€16.77
€23.52
+40.2%
38.3%€56.96€11.71n/a22
Sep ’25€15.86
€24.28
+53.1%
36.3%€55.26€11.71n/a22
Aug ’25€18.20
€31.08
+70.7%
29.6%€59.20€18.94n/a22
Jul ’25€26.70
€31.09
+16.4%
28.1%€58.78€19.96n/a22
Jun ’25€26.80
€30.93
+15.4%
28.2%€58.78€19.96n/a22
May ’25€26.06
€31.37
+20.4%
26.8%€58.32€19.83n/a21
Apr ’25€24.97
€31.31
+25.4%
27.3%€58.54€19.90n/a21
Mar ’25€26.37
€31.15
+18.1%
27.7%€58.54€19.90n/a21
Feb ’25€23.79
€30.49
+28.2%
30.8%€58.54€17.28n/a21
Jan ’25€25.36
€30.71
+21.1%
34.7%€57.73€16.12n/a20
Dec ’24€21.99
€31.64
+43.9%
31.4%€57.73€16.12€15.5721
Nov ’24€17.66
€35.84
+102.9%
28.9%€57.78€16.12€16.3121
Oct ’24€22.06
€38.61
+75.0%
24.5%€59.96€20.88€16.7721
Sep ’24€26.23
€40.54
+54.6%
24.5%€63.93€23.25€15.8621
Aug ’24€28.45
€40.66
+42.9%
24.3%€64.28€25.55€18.2021
Jul ’24€31.40
€41.46
+32.0%
23.1%€64.24€23.91€26.7020
Jun ’24€32.59
€38.38
+17.8%
24.6%€63.23€23.29€26.8018
May ’24€33.55
€37.53
+11.9%
22.2%€56.53€23.29€26.0618
Apr ’24€34.19
€36.30
+6.2%
25.6%€57.03€17.46€24.9718
Mar ’24€29.26
€35.77
+22.2%
28.0%€57.03€17.46€26.3718
Feb ’24€30.04
€35.58
+18.5%
27.2%€57.03€17.46€23.7918
Jan ’24€22.01
€30.46
+38.4%
32.3%€57.26€14.37€25.3616
Dec ’23€26.78
€28.34
+5.8%
34.1%€57.26€14.37€21.9916

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.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 18:25
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

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

Wizz Air Holdings Plc is covered by 47 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rishika SavjaniBarclays
Andrew LobbenbergBarclays
Oliver SleathBarclays