easyJet plc

LSE:EZJ Stock Report

Market Cap: UK£4.3b

easyJet Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: EZJ (£5.73) is trading above our estimate of fair value (£0.75)

Significantly Below Fair Value: EZJ is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for EZJ. This is calculated by dividing EZJ's market cap by their current earnings.
What is EZJ's PE Ratio?
PE Ratio9.5x
EarningsUK£452.00m
Market CapUK£4.31b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for EZJ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.2x
JET2 Jet2
6.8x-0.3%UK£3.4b
WIZZ Wizz Air Holdings
6x18.3%UK£1.5b
IAG International Consolidated Airlines Group
6.3x5.4%UK£14.7b
IDS International Distribution Services
13.7x27.2%UK£3.5b
EZJ easyJet
9.5x9.5%UK£4.3b

Price-To-Earnings vs Peers: EZJ is expensive based on its Price-To-Earnings Ratio (9.5x) compared to the peer average (8.2x).

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
EZJ 9.5xIndustry Avg. 9.5xNo. of Companies8PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EZJ is good value based on its Price-To-Earnings Ratio (9.5x) compared to the Global Airlines industry average (9.5x).

Price to Earnings Ratio vs Fair Ratio

What is EZJ'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.

EZJ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.5x
Fair PE Ratio13.7x

Price-To-Earnings vs Fair Ratio: EZJ is good value based on its Price-To-Earnings Ratio (9.5x) compared to the estimated Fair Price-To-Earnings Ratio (13.7x).

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 EZJ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£5.73
UK£7.01
+22.3%
15.8%UK£9.00UK£4.80n/a21
Dec ’25UK£5.53
UK£6.72
+21.5%
14.4%UK£8.50UK£4.80n/a21
Nov ’25UK£5.21
UK£6.63
+27.3%
13.9%UK£8.50UK£4.80n/a21
Oct ’25UK£5.02
UK£6.54
+30.4%
14.8%UK£8.50UK£4.80n/a20
Sep ’25UK£4.75
UK£6.52
+37.3%
15.2%UK£8.50UK£4.80n/a19
Aug ’25UK£4.32
UK£6.61
+53.1%
13.7%UK£8.50UK£5.25n/a19
Jul ’25UK£4.49
UK£7.04
+56.6%
10.8%UK£8.50UK£5.25n/a19
Jun ’25UK£4.60
UK£7.06
+53.5%
10.9%UK£8.50UK£5.25n/a19
May ’25UK£5.36
UK£7.10
+32.4%
10.8%UK£8.50UK£5.25n/a19
Apr ’25UK£5.71
UK£6.85
+20.1%
12.9%UK£8.50UK£4.75n/a18
Mar ’25UK£5.57
UK£6.81
+22.4%
12.7%UK£8.50UK£4.75n/a18
Feb ’25UK£5.59
UK£6.63
+18.6%
16.6%UK£8.75UK£4.50n/a19
Jan ’25UK£5.10
UK£6.28
+23.1%
21.1%UK£8.75UK£4.50n/a19
Dec ’24UK£4.73
UK£6.19
+31.0%
21.4%UK£8.75UK£4.50UK£5.5319
Nov ’24UK£3.70
UK£6.19
+67.2%
22.1%UK£8.75UK£4.15UK£5.2119
Oct ’24UK£4.27
UK£6.48
+51.7%
19.4%UK£8.75UK£4.50UK£5.0219
Sep ’24UK£4.25
UK£6.52
+53.4%
19.0%UK£8.75UK£4.50UK£4.7519
Aug ’24UK£4.52
UK£6.52
+44.4%
19.0%UK£8.75UK£4.50UK£4.3219
Jul ’24UK£4.83
UK£6.35
+31.5%
19.2%UK£8.75UK£4.50UK£4.4919
Jun ’24UK£4.72
UK£6.29
+33.3%
19.5%UK£8.75UK£4.30UK£4.6018
May ’24UK£4.98
UK£5.96
+19.7%
16.1%UK£8.25UK£4.30UK£5.3616
Apr ’24UK£5.18
UK£5.15
-0.7%
21.2%UK£6.90UK£3.00UK£5.7116
Mar ’24UK£4.93
UK£5.01
+1.7%
24.3%UK£6.90UK£2.70UK£5.5716
Feb ’24UK£4.83
UK£4.83
+0.07%
25.6%UK£6.70UK£2.70UK£5.5915
Jan ’24UK£3.25
UK£4.63
+42.5%
31.8%UK£7.00UK£2.90UK£5.1014
Dec ’23UK£3.88
UK£4.84
+24.9%
27.8%UK£7.00UK£2.60UK£4.7314

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 Analysis2024/12/19 09:42
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

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

easyJet plc is covered by 52 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Hélène CoumesAlphaValue
David FintzenBarclays
Andrew LobbenbergBarclays