Air France-KLM Future Growth

Future criteria checks 3/6

Air France-KLM is forecast to grow earnings and revenue by 18.6% and 3.6% per annum respectively. EPS is expected to grow by 18.9% per annum. Return on equity is forecast to be 211.6% in 3 years.

Key information

18.6%

Earnings growth rate

18.9%

EPS growth rate

Airlines earnings growth	7.1%
Revenue growth rate	3.6%
Future return on equity	211.6%
Analyst coverage	Good
Last updated	02 May 2024

Recent future growth updates

Analyst Estimates: Here's What Brokers Think Of Air France-KLM SA (EPA:AF) After Its First-Quarter Report

May 03

€15.16: That's What Analysts Think Air France-KLM SA (EPA:AF) Is Worth After Its Latest Results

Mar 04

Recent updates

Analyst Estimates: Here's What Brokers Think Of Air France-KLM SA (EPA:AF) After Its First-Quarter Report

May 03

Does Air France-KLM (EPA:AF) Have A Healthy Balance Sheet?

Apr 17

€15.16: That's What Analysts Think Air France-KLM SA (EPA:AF) Is Worth After Its Latest Results

Mar 04

Slowing Rates Of Return At Air France-KLM (EPA:AF) Leave Little Room For Excitement

Dec 20

Air France-KLM SA's (EPA:AF) Business Is Yet to Catch Up With Its Share Price

Nov 24

Is There Now An Opportunity In Air France-KLM SA (EPA:AF)?

Oct 28

An Intrinsic Calculation For Air France-KLM SA (EPA:AF) Suggests It's 45% Undervalued

Jul 07

Returns On Capital Signal Difficult Times Ahead For Air France-KLM (EPA:AF)

Jun 10

Should You Investigate Air France-KLM SA (EPA:AF) At €1.50?

Apr 15

Air France-KLM SA (EPA:AF) Shares Could Be 40% Below Their Intrinsic Value Estimate

Mar 12

There Are Reasons To Feel Uneasy About Air France-KLM's (EPA:AF) Returns On Capital

Dec 21

Air France-KLM (EPA:AF) Is Reinvesting At Lower Rates Of Return

Jul 31

Earnings and Revenue Growth Forecasts

ENXTPA:AF - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	34,109	1,275	475	4,649	10
12/31/2025	32,810	1,165	-111	4,163	15
12/31/2024	31,544	1,068	-104	2,922	15
3/31/2024	30,344	594	-1,322	2,104	N/A
12/31/2023	30,019	772	-426	3,125	N/A
9/30/2023	29,741	1,531	611	3,815	N/A
6/30/2023	29,194	1,060	1,205	4,116	N/A
3/31/2023	28,277	799	1,978	5,057	N/A
12/31/2022	26,393	591	1,884	4,682	N/A
9/30/2022	24,102	-172	2,651	5,358	N/A
6/30/2022	20,557	-762	2,727	5,287	N/A
3/31/2022	16,599	-2,513	1,357	3,765	N/A
12/31/2021	14,315	-3,443	-668	1,534	N/A
9/30/2021	11,840	-4,186	-2,750	-762	N/A
6/30/2021	9,797	-5,692	-4,104	-2,190	N/A
3/31/2021	8,229	-6,781	-5,686	-3,990	N/A
12/31/2020	11,088	-7,100	-4,925	-2,826	N/A
9/30/2020	15,342	-5,940	-3,323	-592	N/A
6/30/2020	20,427	-3,914	-2,340	809	N/A
3/31/2020	26,267	-1,204	-516	2,988	N/A
12/31/2019	27,189	273	523	3,895	N/A
9/30/2019	26,822	-79	967	3,968	N/A
6/30/2019	26,758	331	1,118	3,935	N/A
3/31/2019	26,363	340	1,048	3,690	N/A
12/31/2018	26,227	395	954	3,798	N/A
9/30/2018	26,255	-326	863	3,616	N/A
6/30/2018	25,967	-471	1,059	3,816	N/A
3/31/2018	25,968	20	1,357	4,190	N/A
12/31/2017	25,867	146	N/A	4,099	N/A
9/30/2017	25,676	1,162	N/A	3,901	N/A
6/30/2017	25,358	1,071	N/A	3,228	N/A
3/31/2017	24,946	508	N/A	2,702	N/A
12/31/2016	24,846	497	N/A	2,239	N/A
9/30/2016	25,002	665	N/A	1,980	N/A
6/30/2016	25,369	588	N/A	2,244	N/A
3/31/2016	25,713	481	N/A	2,327	N/A
12/31/2015	25,691	74	N/A	1,896	N/A
9/30/2015	25,661	133	N/A	1,630	N/A
6/30/2015	25,058	-248	N/A	1,220	N/A
3/31/2015	24,951	-180	N/A	1,077	N/A
12/31/2014	24,930	-221	N/A	1,012	N/A
9/30/2014	24,841	-1,624	N/A	1,209	N/A
6/30/2014	25,321	-1,559	N/A	1,319	N/A
3/31/2014	25,411	-1,675	N/A	1,513	N/A
12/31/2013	25,530	-1,705	N/A	1,479	N/A
9/30/2013	25,505	-658	N/A	1,433	N/A
6/30/2013	25,508	-513	N/A	1,434	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AF's forecast earnings growth (18.6% per year) is above the savings rate (1.1%).

Earnings vs Market: AF's earnings (18.6% per year) are forecast to grow faster than the French market (11% per year).

High Growth Earnings: AF's earnings are forecast to grow, but not significantly.

Revenue vs Market: AF's revenue (3.6% per year) is forecast to grow slower than the French market (5.7% per year).

High Growth Revenue: AF's revenue (3.6% 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 (211.6%).

Air France-KLM Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Analyst Estimates: Here's What Brokers Think Of Air France-KLM SA (EPA:AF) After Its First-Quarter Report

Consensus EPS estimates fall by 10%

Consensus EPS estimates fall by 12%

Price target decreased by 8.4% to €14.79

€15.16: That's What Analysts Think Air France-KLM SA (EPA:AF) Is Worth After Its Latest Results

Price target decreased by 8.4% to €17.35

Recent updates

Analyst Estimates: Here's What Brokers Think Of Air France-KLM SA (EPA:AF) After Its First-Quarter Report

New major risk - Financial position

Full year 2023 earnings released: EPS: €4.30 (vs €3.49 in FY 2022)

Consensus EPS estimates fall by 10%

Does Air France-KLM (EPA:AF) Have A Healthy Balance Sheet?

Consensus EPS estimates fall by 12%

Investor sentiment deteriorates as stock falls 15%

Price target decreased by 8.4% to €14.79

€15.16: That's What Analysts Think Air France-KLM SA (EPA:AF) Is Worth After Its Latest Results

New minor risk - Shareholder dilution

Full year 2023 earnings: EPS exceeds analyst expectations

Unpleasant Surprises Could Be In Store For Air France-KLM SA's (EPA:AF) Shares

Is It Time To Consider Buying Air France-KLM SA (EPA:AF)?

A Look At The Fair Value Of Air France-KLM SA (EPA:AF)

Air France-KLM SA, Annual General Meeting, Jun 05, 2024

Slowing Rates Of Return At Air France-KLM (EPA:AF) Leave Little Room For Excitement

Air France-KLM SA's (EPA:AF) Business Is Yet to Catch Up With Its Share Price

Price target decreased by 8.4% to €17.35

Investor sentiment improves as stock rises 15%

New major risk - Financial position

Is There Now An Opportunity In Air France-KLM SA (EPA:AF)?

New major risk - Revenue and earnings growth

Apollo Reportedly Seeking to Join Airline SAS Investor Consortium

Air France-KLM Appoints Hichame Lahkim Bennani as Regional Commercial Director

Price target decreased by 34% to €21.13

New major risk - Financial position

Second quarter 2023 earnings released: EPS: €0.23 (vs €0.22 in 2Q 2022)

Air France-KLM SA announced that it expects to receive €1.5 billion in funding from Apollo Global Management, Inc.

Air France-KLM SA announced that it expects to receive €1.5 billion in funding from Apollo Global Management, Inc.

An Intrinsic Calculation For Air France-KLM SA (EPA:AF) Suggests It's 45% Undervalued

Returns On Capital Signal Difficult Times Ahead For Air France-KLM (EPA:AF)

Air France-KLM Discusses Investment from Apollo

Consensus EPS estimates increase by 10%

Consensus EPS estimates increase by 14%

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Price target increased by 9.7% to €1.87

Should You Investigate Air France-KLM SA (EPA:AF) At €1.50?

Consensus EPS estimates increase by 13%

Investor sentiment deteriorates as stock falls 16%

Air France-KLM SA (EPA:AF) Shares Could Be 40% Below Their Intrinsic Value Estimate

Price target increased by 8.0% to €1.60

Full year 2022 earnings released: EPS: €0.28 (vs €5.95 loss in FY 2021)

Air France-KLM Reiterates its Interest in TAP

Price target increased by 7.4% to €1.51

Air France Says It Won't Bid for ITA Airways

Air France-KLM SA to Report First Half, 2023 Results on Jul 28, 2023

There Are Reasons To Feel Uneasy About Air France-KLM's (EPA:AF) Returns On Capital

Price target decreased to €1.36

Air France-KLM SA to Report Fiscal Year 2022 Results on Feb 17, 2023

Third quarter 2022 earnings released: EPS: €0.18 (vs €0.25 loss in 3Q 2021)

Price target decreased to €1.67

Air France Resumes Daily Flights Equipped with La Première to and from Singapore

Certares-Led Reportedly Bid for Exclusive ITA Airways Talks

Air France-KLM (EPA:AF) Is Reinvesting At Lower Rates Of Return

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Air France-KLM SA Provides Earnings Guidance for the Third Quarter and Full Year of 2022

Consensus estimates of losses per share improve by 10%

Price target decreased to €1.92

Consensus forecasts updated

Price target decreased to €2.57

Air France-KLM SA has completed a Follow-on Equity Offering in the amount of €2.255645 billion.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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