AF Stock Overview
Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services on scheduled flights in Metropolitan France, Benelux, rest of Europe, and internationally.
Air France-KLM Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||€1.52|
|52 Week High||€4.85|
|52 Week Low||€1.07|
|1 Month Change||32.22%|
|3 Month Change||-60.88%|
|1 Year Change||-62.47%|
|3 Year Change||-84.68%|
|5 Year Change||-88.17%|
|Change since IPO||-98.70%|
Recent News & Updates
Air France-KLM (EPA:AF) Is Reinvesting At Lower Rates Of Return
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
|AF||FR Airlines||FR Market|
Return vs Industry: AF underperformed the French Airlines industry which returned -29% over the past year.
Return vs Market: AF underperformed the French Market which returned -6.3% over the past year.
|AF Average Weekly Movement||16.9%|
|Airlines Industry Average Movement||6.3%|
|Market Average Movement||5.0%|
|10% most volatile stocks in FR Market||9.0%|
|10% least volatile stocks in FR Market||2.8%|
Stable Share Price: AF is more volatile than 90% of French stocks over the past 3 months, typically moving +/- 17% a week.
Volatility Over Time: AF's weekly volatility has increased from 10% to 17% over the past year.
About the Company
Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services on scheduled flights in Metropolitan France, Benelux, rest of Europe, and internationally. The company operates through Network, Maintenance, Transavia, and Other segments. It also offers airframe and engine maintenance services; component support services comprising electronic, mechanical, pneumatic, hydraulic, etc.; and other services, as well as operates point-to-point flights to/from the Netherlands and France.
Air France-KLM Fundamentals Summary
|AF fundamental statistics|
Is AF overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AF income statement (TTM)|
|Cost of Revenue||€16.65b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Oct 28, 2022
|Earnings per share (EPS)||-0.30|
|Net Profit Margin||-3.71%|
How did AF perform over the long term?See historical performance and comparison
Is AF undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for AF?
Other financial metrics that can be useful for relative valuation.
|What is AF's n/a Ratio?|
Price to Sales Ratio vs Peers
How does AF's PS Ratio compare to its peers?
|AF PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
ODET Compagnie de l'Odet
ADP Aeroports de Paris
AF Air France-KLM
Price-To-Sales vs Peers: AF is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (3.7x).
Price to Earnings Ratio vs Industry
How does AF's PE Ratio compare vs other companies in the European Airlines Industry?
Price-To-Sales vs Industry: AF is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Airlines industry average (0.6x)
Price to Sales Ratio vs Fair Ratio
What is AF's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||0.2x|
|Fair PS Ratio||0.8x|
Price-To-Sales vs Fair Ratio: AF is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).
Share Price vs Fair Value
What is the Fair Price of AF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: AF (€1.52) is trading below our estimate of fair value (€3.17)
Significantly Below Fair Value: AF is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
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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How is Air France-KLM forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AF is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.3%).
Earnings vs Market: AF is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: AF is expected to become profitable in the next 3 years.
Revenue vs Market: AF's revenue (8.4% per year) is forecast to grow faster than the French market (5.2% per year).
High Growth Revenue: AF's revenue (8.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AF's Return on Equity is forecast to be very high in 3 years time (124.8%).
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How has Air France-KLM performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AF is currently unprofitable.
Growing Profit Margin: AF is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AF is unprofitable, and losses have increased over the past 5 years at a rate of 54.8% per year.
Accelerating Growth: Unable to compare AF's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AF is unprofitable, making it difficult to compare its past year earnings growth to the Airlines industry (17.2%).
Return on Equity
High ROE: AF's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
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How is Air France-KLM's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: AF has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: AF has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: AF has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: AF's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable AF has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AF is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 30.6% per year.
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What is Air France-KLM current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AF's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AF's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as AF has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ben Smith (51 yo)
Mr. Benjamin M. Smith, also known as Ben, has been Chief Executive Officer at Air France-KLM SA since September 17, 2018 and has been its Director since December 5, 2018. He served as President of Passenge...
CEO Compensation Analysis
Compensation vs Market: Ben's total compensation ($USD4.42M) is above average for companies of similar size in the French market ($USD1.59M).
Compensation vs Earnings: Ben's compensation has increased whilst the company is unprofitable.
Experienced Management: AF's management team is seasoned and experienced (5.9 years average tenure).
Experienced Board: AF's board of directors are considered experienced (6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 300.6%.
Air France-KLM SA's employee growth, exchange listings and data sources
- Name: Air France-KLM SA
- Ticker: AF
- Exchange: ENXTPA
- Founded: 1919
- Industry: Airlines
- Sector: Transportation
- Implied Market Cap: €3.907b
- Shares outstanding: 2.57b
- Website: https://www.airfranceklm.com
Number of Employees
- Air France-KLM SA
- 2, rue Robert Esnault-Pelterie
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/11 00:00|
|End of Day Share Price||2022/08/11 00:00|
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.