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Aegean Airlines S.A.ATSE:AEGN Stock Report

Market Cap €1.0b
Share Price
€11.66
€16.58
29.7% undervalued intrinsic discount
1Y-4.4%
7D5.2%
1D
Portfolio Value
View

Aegean Airlines S.A.

ATSE:AEGN Stock Report

Market Cap: €1.0b

Aegean Airlines (AEGN) Stock Overview

Operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally. More details

AEGN fundamental analysis
Snowflake Score
Valuation6/6
Future Growth2/6
Past Performance3/6
Financial Health5/6
Dividends5/6

AEGN Community Fair Values

Create Narrative

See what 38 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

Top Community Narratives

€17.13
FV
31.9% undervalued intrinsic discount
11.00%
Revenue growth p.a.
18
users have viewed this narrative
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative

Aegean Airlines S.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Aegean Airlines
Historical stock prices
Current Share Price€11.66
52 Week High€15.36
52 Week Low€10.80
Beta0.59
1 Month Change-4.43%
3 Month Change-16.60%
1 Year Change-4.43%
3 Year Change25.24%
5 Year Change109.71%
Change since IPO25.38%

Recent News & Updates

Recent updates

Narrative Update Feb 10

AEGN: Future Returns Will Rely On Governance Oversight And Improved Profitability Assumptions

Analysts have nudged their fair value estimate for Aegean Airlines to €16.58 from €16.16, reflecting updated views on the company’s discount rate, revenue growth assumptions, profit margin outlook, and future P/E multiples. What's in the News Aegean Airlines has scheduled a board meeting for December 12, 2025, to review governance matters and other business issues (Key Developments).
Analysis Article Jan 29

Are Investors Undervaluing Aegean Airlines S.A. (ATH:AEGN) By 28%?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Aegean Airlines fair value estimate is €20.84 Current share...
Narrative Update Jan 27

AEGN: Future Returns Will Rely On Stable Assumptions And Governance Oversight

Analysts have nudged their fair value estimate for Aegean Airlines from €16.04 to €16.16, citing only minor adjustments to the discount rate, long run revenue growth, profit margin and forward P/E assumptions. What's in the News Board meeting scheduled for December 12, 2025, to review the appointment of Ms. Natalia Nikolaidi as an independent non executive member of the audit committee for the remainder of its term of office (Key Developments).
Narrative Update Jan 12

AEGN: Future Returns Will Rely On Stable Margins And Governance Oversight

Analysts have adjusted their price target on Aegean Airlines marginally, from €16.05 to €16.04, reflecting slightly updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples, without a major change in their overall view. What's in the News A board meeting is scheduled for December 12, 2025, to review the appointment of Ms. Natalia Nikolaidi as an independent non executive member of the audit committee for the remainder of its term of office.
Narrative Update Dec 16

AEGN: Future Returns Are Expected To Improve Despite Higher Discount Rate

Analysts have raised their price target on Aegean Airlines by EUR 0.00 to EUR 16.05. This change reflects marginally higher long term discount rates and future earnings multiples that modestly enhance their valuation outlook.
Narrative Update Dec 02

AEGN: Future Profits Are Expected To Improve On Lower Discount Rate

Analysts have maintained their price target for Aegean Airlines at €16.05. They note that recent modest adjustments in discount rate, revenue growth, and profit margin projections do not warrant a revision at this time.
Narrative Update Nov 18

AEGN: Future Profits Expected To Strengthen On Lower Perceived Risk

Analysts have raised their price target for Aegean Airlines from €15.02 to €16.05. They cite improved revenue growth expectations and stronger profit margins as key factors behind the more optimistic outlook.
Analysis Article Oct 16

Aegean Airlines S.A.'s (ATH:AEGN) Shares Lagging The Market But So Is The Business

With a price-to-earnings (or "P/E") ratio of 7.9x Aegean Airlines S.A. ( ATH:AEGN ) may be sending bullish signals at...
Analysis Article Aug 07

Returns On Capital At Aegean Airlines (ATH:AEGN) Have Stalled

ATSE:AEGN 1 Year Share Price vs Fair Value Explore Aegean Airlines's Fair Values from the Community and select yours...
Analysis Article Jun 23

What Does Aegean Airlines S.A.'s (ATH:AEGN) Share Price Indicate?

Aegean Airlines S.A. ( ATH:AEGN ), might not be a large cap stock, but it received a lot of attention from a...
Analysis Article May 15

Aegean Airlines (ATH:AEGN) Is Increasing Its Dividend To €0.80

Aegean Airlines S.A. ( ATH:AEGN ) will increase its dividend from last year's comparable payment on the 26th of May to...
Analysis Article May 06

Is Aegean Airlines (ATH:AEGN) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Apr 08

Aegean Airlines (ATH:AEGN) Is Increasing Its Dividend To €0.80

Aegean Airlines S.A.'s ( ATH:AEGN ) dividend will be increasing from last year's payment of the same period to €0.80 on...
Analysis Article Apr 04

Investors Aren't Entirely Convinced By Aegean Airlines S.A.'s (ATH:AEGN) Earnings

Aegean Airlines S.A.'s ( ATH:AEGN ) price-to-earnings (or "P/E") ratio of 7.8x might make it look like a buy right now...
Analysis Article Mar 20

Aegean Airlines' (ATH:AEGN) Shareholders Will Receive A Bigger Dividend Than Last Year

Aegean Airlines S.A. ( ATH:AEGN ) will increase its dividend from last year's comparable payment on the 26th of May to...
Analysis Article Mar 15

What Is Aegean Airlines S.A.'s (ATH:AEGN) Share Price Doing?

Aegean Airlines S.A. ( ATH:AEGN ), might not be a large cap stock, but it saw a double-digit share price rise of over...
User avatar
New Narrative Feb 09

Expanded European Flights And New Airbus Neos Will Improve Future Profitability

Expansion into major European destinations and new aircraft efficiency initiatives indicate potential for revenue growth and improved net margins.
Analysis Article Dec 07

Estimating The Intrinsic Value Of Aegean Airlines S.A. (ATH:AEGN)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Aegean Airlines fair value estimate is €8.69 Current share...
Analysis Article Sep 06

Aegean Airlines' (ATH:AEGN) Returns Have Hit A Wall

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...
Analysis Article Aug 05

These 4 Measures Indicate That Aegean Airlines (ATH:AEGN) Is Using Debt Reasonably Well

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jul 05

Is Aegean Airlines S.A. (ATH:AEGN) Potentially Undervalued?

While Aegean Airlines S.A. ( ATH:AEGN ) might not have the largest market cap around , it received a lot of attention...
Analysis Article May 31

Aegean Airlines' (ATH:AEGN) Strong Earnings Are Of Good Quality

Aegean Airlines S.A.'s ( ATH:AEGN ) earnings announcement last week was disappointing for investors, despite the decent...
Analysis Article May 21

We Ran A Stock Scan For Earnings Growth And Aegean Airlines (ATH:AEGN) Passed With Ease

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article May 04

Aegean Airlines (ATH:AEGN) Will Be Hoping To Turn Its Returns On Capital Around

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...
Analysis Article Jan 25

Does Aegean Airlines (ATH:AEGN) Deserve A Spot On Your Watchlist?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article Jan 10

Aegean Airlines (ATH:AEGN) Has A Pretty Healthy Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Oct 10

With EPS Growth And More, Aegean Airlines (ATH:AEGN) Makes An Interesting Case

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article Sep 22

Is Aegean Airlines S.A. (ATH:AEGN) Potentially Undervalued?

Aegean Airlines S.A. ( ATH:AEGN ), is not the largest company out there, but it saw a decent share price growth in the...
Analysis Article Sep 08

We Think Aegean Airlines (ATH:AEGN) Can Stay On Top Of Its Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Aug 14

The Returns On Capital At Aegean Airlines (ATH:AEGN) Don't Inspire Confidence

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...
Analysis Article May 25

Is Aegean Airlines (ATH:AEGN) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Feb 14

Returns On Capital At Aegean Airlines (ATH:AEGN) Paint A Concerning Picture

What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
Analysis Article Jan 27

At €6.29, Is It Time To Put Aegean Airlines S.A. (ATH:AEGN) On Your Watch List?

Aegean Airlines S.A. ( ATH:AEGN ), might not be a large cap stock, but it received a lot of attention from a...

Shareholder Returns

AEGNGR AirlinesGR Market
7D5.2%2.1%-1.9%
1Y-4.4%1.7%29.8%

Return vs Industry: AEGN underperformed the Greek Airlines industry which returned 1.7% over the past year.

Return vs Market: AEGN underperformed the Greek Market which returned 29.8% over the past year.

Price Volatility

Is AEGN's price volatile compared to industry and market?
AEGN volatility
AEGN Average Weekly Movement6.7%
Airlines Industry Average Movement7.1%
Market Average Movement5.1%
10% most volatile stocks in GR Market8.0%
10% least volatile stocks in GR Market3.1%

Stable Share Price: AEGN's share price has been volatile over the past 3 months compared to the Greek market.

Volatility Over Time: AEGN's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Greek stocks.

About the Company

FoundedEmployeesCEOWebsite
19883,788Dimitrios Gerogiannisen.aegeanair.com

Aegean Airlines S.A., together with its subsidiaries, operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally. It transports passengers and cargo through scheduled and unscheduled flights; and offers aviation related services, aircraft technical support, and ground handling aircraft services. The company also offers charter flights; and imports, markets, and leases aircraft and spare parts.

Aegean Airlines S.A. Fundamentals Summary

How do Aegean Airlines's earnings and revenue compare to its market cap?
AEGN fundamental statistics
Market cap€1.05b
Earnings (TTM)€132.74m
Revenue (TTM)€1.87b
7.9x
P/E Ratio
0.6x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AEGN income statement (TTM)
Revenue€1.87b
Cost of Revenue€1.49b
Gross Profit€379.46m
Other Expenses€246.72m
Earnings€132.74m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)1.48
Gross Margin20.24%
Net Profit Margin7.08%
Debt/Equity Ratio72.4%

How did AEGN perform over the long term?

See historical performance and comparison

Dividends

7.7%
Current Dividend Yield
55%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/22 00:19
End of Day Share Price 2026/05/22 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Aegean Airlines S.A. is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Constantinos ZouzoulasAxia Ventures Group Ltd
Andrew LobbenbergBarclays
Lambros PapadopoulosCitigroup Inc