International Consolidated Airlines Group
Market Cap
UK£9.5b
Last Updated
2019/09/21 21:15 UTC
Data Sources
Company Financials +
Executive Summary
International Consolidated Airlines Group, S.A., together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United States, and rest of the world.
Snowflake
Fundamentals
Undervalued with proven track record and pays a dividend.
Similar Companies
Share Price & News
How has International Consolidated Airlines Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
4.5%
IAG
2.7%
GB Airlines
-0.2%
GB Market
1 Year Return
-31.2%
IAG
-25.2%
GB Airlines
-1.8%
GB Market
IAG underperformed the Airlines industry which returned -25.1% over the past year.
IAG underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -1.9% over the past year.
Share holder returns
| IAG | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.5% | 2.7% | -0.2% |
| 30 Day | 13.7% | 11.7% | 4.0% |
| 90 Day | 3.7% | 6.9% | 0.5% |
| 1 Year | -23.2%-31.2% | -19.3%-25.2% | 2.9%-1.8% |
| 3 Year | 39.8%17.7% | 41.7%23.5% | 20.7%6.3% |
| 5 Year | 57.9%28.9% | 37.7%13.1% | 33.2%5.1% |
Price Volatility Vs. Market
How volatile is International Consolidated Airlines Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
What To Know Before Buying International Consolidated Airlines Group, S.A. (LON:IAG) For Its Dividend1 week ago | Simply Wall St
Do Institutions Own International Consolidated Airlines Group, S.A. (LON:IAG) Shares?3 weeks ago | Simply Wall St
International Consolidated Airlines Group, S.A. (LON:IAG): A Fundamentally Attractive InvestmentValuation
Is International Consolidated Airlines Group undervalued based on future cash flows and its price relative to the stock market?
>50%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
International Consolidated Airlines Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
International Consolidated Airlines Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
Price Based on Earnings
International Consolidated Airlines Group is good value based on earnings compared to the GB Airlines industry average.
International Consolidated Airlines Group is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price Based on Expected Growth
International Consolidated Airlines Group is good value based on expected growth next year.
Price Based on Value of Assets
International Consolidated Airlines Group is overvalued based on assets compared to the GB Airlines industry average.
Next Steps
Future Growth
How is International Consolidated Airlines Group expected to perform in the next 1 to 3 years based on estimates from 23 analysts?
7.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
International Consolidated Airlines Group's revenue is expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
International Consolidated Airlines Group's earnings are expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).
International Consolidated Airlines Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
International Consolidated Airlines Group's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
International Consolidated Airlines Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Earnings per Share Growth Estimates
Future Return on Equity
International Consolidated Airlines Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
Next Steps
Past Performance
How has International Consolidated Airlines Group performed over the past 5 years?
21.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
International Consolidated Airlines Group has delivered over 20% year on year earnings growth in the past 5 years.
International Consolidated Airlines Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
International Consolidated Airlines Group's 1-year earnings growth is negative, it can't be compared to the GB Airlines industry average.
Return on Equity
International Consolidated Airlines Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
Return on Assets
International Consolidated Airlines Group used its assets more efficiently than the GB Airlines industry average last year based on Return on Assets.
Return on Capital Employed
International Consolidated Airlines Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is International Consolidated Airlines Group's financial position?
Financial Position Analysis
International Consolidated Airlines Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
International Consolidated Airlines Group's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
International Consolidated Airlines Group's level of debt (23.8%) compared to net worth is satisfactory (less than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (26.9% vs 23.8% today).
Debt is well covered by operating cash flow (243.1%, greater than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 9.3x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is covered by short term assets, assets are 8x debt.
Next Steps
Dividend
What is International Consolidated Airlines Group's current dividend yield, its reliability and sustainability?
6.03%
Expected Dividend Yield
Dividend Yield and Payments Analysis
International Consolidated Airlines Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
International Consolidated Airlines Group's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.42%).
Whilst dividend payments have been stable, International Consolidated Airlines Group has been paying a dividend for less than 10 years.
Dividend payments have increased, but International Consolidated Airlines Group only paid a dividend in the past 4 years.
Current Payout to Shareholders
Dividends paid are thoroughly covered by earnings (7x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be well covered by earnings (4.5x coverage).
Next Steps
Management
What is the CEO of International Consolidated Airlines Group's salary, the management and board of directors tenure and is there insider trading?
6.1yrs
Average management tenure
CEO
Willie Walsh (57yo)
8.7yrs
Tenure
€3,429,000
Compensation
Mr. William Matthew Walsh, also known as Willie, M.Sc. serves as the Chief Executive Officer of International Consolidated Airlines Group, S.A. since January 2011. Mr. Walsh served as Chief Executive Offic ...
CEO Compensation Analysis
Willie's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Willie's compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
6.1yrs
Average Tenure
57yo
Average Age
The average tenure for the International Consolidated Airlines Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Board Age and Tenure
3.4yrs
Average Tenure
60yo
Average Age
The tenure for the International Consolidated Airlines Group board of directors is about average.
Insider Trading
More shares have been bought than sold by International Consolidated Airlines Group individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Entity | Individual |
| Shares | 168 |
| Max Price | €5.97 |
| Entity | Individual |
| Shares | 168 |
| Max Price | €6.00 |
| Entity | Individual |
| Role | Chief Executive Officer CEO & Executive Director |
| Shares | 700,000 |
| Max Price | €5.09 |
| Entity | Individual |
| Role | Chief Executive Officer CEO & Executive Director |
| Shares | 700,000 |
| Max Price | €5.08 |
| Entity | Individual |
| Shares | 26,418 |
| Max Price | €5.54 |
| Entity | Individual |
| Role | Chief Executive Officer CEO & Executive Director |
| Shares | 74,346 |
| Max Price | €5.54 |
Ownership Breakdown
Management Team
Willie Walsh (57yo)
CEO & Executive Director
- Tenure: 8.7yrs
- Compensation: €3.43m
Andrew Light
Head of Investor Relations
- Tenure: 0yrs
Julia Simpson (61yo)
Chief of Staff
- Tenure: 8.7yrs
Drew Crawley (52yo)
Chief Executive Officer of Avios
- Tenure: 2.4yrs
Chris Haynes
General Counsel
- Tenure: 8.7yrs
Steve Gunning
CFO & Executive Director
- Tenure: 0.3yrs
Álvaro López-Jorrín Hernández
Secretary of the Board of Directors
- Tenure: 5.7yrs
Luis Gallego Martín
Chairman & CEO of Iberia
- Tenure: 5.7yrs
- Compensation: €541.00k
Alex Cruz de Llano
Chairman & CEO of British Airways
- Tenure: 3.4yrs
Glenn Morgan
Head of Digital Business Transformation
- Tenure: 0yrs
Board Members
Marc Bolland (60yo)
Non Executive Director
- Tenure: 3.3yrs
- Compensation: €126.00k
Willie Walsh (57yo)
CEO & Executive Director
- Tenure: 8.7yrs
- Compensation: €3.43m
Kieran Poynter (68yo)
Non-Executive Director
- Tenure: 8.7yrs
- Compensation: €167.00k
Antonio Vázquez Romero (68yo)
Chairman
- Tenure: 0yrs
- Compensation: €649.00k
Sean Doyle (47yo)
CEO & Executive Director of Aer Lingus
- Tenure: 0.7yrs
Steve Gunning
CFO & Executive Director
- Tenure: 0.3yrs
Luis Gallego Martín
Chairman & CEO of Iberia
- Tenure: 5.7yrs
- Compensation: €541.00k
Alberto Terol Esteban
Senior Independent Director
- Tenure: 0yrs
- Compensation: €142.00k
Alex Cruz de Llano
Chairman & CEO of British Airways
- Tenure: 3.4yrs
Javier Sanchez-Prieto
Vueling Chairman & CEO
- Tenure: 3.4yrs
Company Information
International Consolidated Airlines Group, S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: International Consolidated Airlines Group, S.A.
- Ticker: IAG
- Exchange: LSE
- Founded: 2010
- Industry: Airlines
- Sector: Transportation
- Market Cap: UK£9.481b
- Shares outstanding: 1.98b
- Website: https://www.iairgroup.com
Number of Employees
Location
- International Consolidated Airlines Group, S.A.
- El Caserío
- Iberia Zona Industrial nº 2(La Muñoza)
- Madrid
- Madrid
- 28042
- Spain
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IAG | BME (Bolsas y Mercados Espanoles) | Yes | Ordinary Shares | ES | EUR | Jan 2011 |
| IAG | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jan 2011 |
| ICAG.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Jan 2011 | |
| BABW.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 2011 |
| INR | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 2011 |
| IAGE | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jan 2011 |
| IAGL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jan 2011 |
| IAG | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Jan 2011 |
Biography
International Consolidated Airlines Group, S.A., together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United St ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/09/21 21:15 |
| End of Day Share Price | 2019/09/20 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.