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AEGN

Aegean Airlines ATSE:AEGN Stock Report

Last Price

€4.80

Market Cap

€432.8m

7D

-5.1%

1Y

-9.1%

Updated

04 Jul, 2022

Data

Company Financials +
AEGN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance2/6
Financial Health3/6
Dividends0/6

AEGN Stock Overview

Aegean Airlines S.A., an airline company, provides public airline transportation services in Greece and internationally.

Aegean Airlines Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Aegean Airlines
Historical stock prices
Current Share Price€4.80
52 Week High€6.35
52 Week Low€4.54
Beta2.02
1 Month Change-6.80%
3 Month Change-13.82%
1 Year Change-9.09%
3 Year Change-41.96%
5 Year Change-44.12%
Change since IPO-48.39%

Recent News & Updates

Shareholder Returns

AEGNGR AirlinesGR Market
7D-5.1%-5.9%-2.3%
1Y-9.1%-42.6%-3.6%

Return vs Industry: AEGN exceeded the Greek Airlines industry which returned -41% over the past year.

Return vs Market: AEGN underperformed the Greek Market which returned -5% over the past year.

Price Volatility

Is AEGN's price volatile compared to industry and market?
AEGN volatility
AEGN Average Weekly Movement3.4%
Airlines Industry Average Movement6.3%
Market Average Movement5.0%
10% most volatile stocks in GR Market7.0%
10% least volatile stocks in GR Market3.1%

Stable Share Price: AEGN is less volatile than 75% of Greek stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: AEGN's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19882,445Dimitrios Gerogiannishttps://www.aegeanair.com

Aegean Airlines S.A., an airline company, provides public airline transportation services in Greece and internationally. It transports passengers through scheduled flights, as well as cargo; and offers aviation applications, technical support, and ground handling aircraft services. The company also offers charter flights; and imports, markets, and leases aircraft and spare parts.

Aegean Airlines Fundamentals Summary

How do Aegean Airlines's earnings and revenue compare to its market cap?
AEGN fundamental statistics
Market Cap€432.80m
Earnings (TTM)€10.91m
Revenue (TTM)€764.31m

39.7x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AEGN income statement (TTM)
Revenue€764.31m
Cost of Revenue€651.84m
Gross Profit€112.47m
Other Expenses€101.56m
Earnings€10.91m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.12
Gross Margin14.72%
Net Profit Margin1.43%
Debt/Equity Ratio156.4%

How did AEGN perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

AEGN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA18x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

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

AEGN PE Ratio vs Peers
The above table shows the PE ratio for AEGN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.8x
PPA Piraeus Port Authority
10.5x30.0%€387.5m
OTOEL Autohellas
7.8xn/a€407.9m
OLTH Thessaloniki Port Authority Societe Anonyme
12.5xn/a€248.0m
CHR Chorus Aviation
16.5x33.4%CA$668.0m
AEGN Aegean Airlines
39.7x61.0%€432.8m

Price-To-Earnings vs Peers: AEGN is expensive based on its Price-To-Earnings Ratio (39.7x) compared to the peer average (11.8x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: AEGN is expensive based on its Price-To-Earnings Ratio (39.7x) compared to the Global Airlines industry average (15.3x)


Price to Earnings Ratio vs Fair Ratio

What is AEGN'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.

AEGN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio39.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AEGN's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of AEGN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AEGN (€4.8) is trading below our estimate of fair value (€5.84)

Significantly Below Fair Value: AEGN is trading below fair value, but not by a significant amount.


Price to Earnings Growth Ratio

PEG Ratio: AEGN is good value based on its PEG Ratio (0.7x)


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Future Growth

How is Aegean Airlines forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


61.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AEGN's forecast earnings growth (61% per year) is above the savings rate (2.6%).

Earnings vs Market: AEGN's earnings (61% per year) are forecast to grow faster than the Greek market (8.7% per year).

High Growth Earnings: AEGN's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AEGN's revenue (18.7% per year) is forecast to grow faster than the Greek market (6.7% per year).

High Growth Revenue: AEGN's revenue (18.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AEGN's Return on Equity is forecast to be high in 3 years time (20.7%)


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Past Performance

How has Aegean Airlines performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-46.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AEGN has high quality earnings.

Growing Profit Margin: AEGN became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: AEGN's earnings have declined by 46.8% per year over the past 5 years.

Accelerating Growth: AEGN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: AEGN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Airlines industry (61.1%).


Return on Equity

High ROE: AEGN's Return on Equity (5%) is considered low.


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Financial Health

How is Aegean Airlines's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AEGN's short term assets (€797.6M) exceed its short term liabilities (€568.1M).

Long Term Liabilities: AEGN's short term assets (€797.6M) do not cover its long term liabilities (€1.5B).


Debt to Equity History and Analysis

Debt Level: AEGN has more cash than its total debt.

Reducing Debt: AEGN's debt to equity ratio has increased from 1.6% to 156.4% over the past 5 years.

Debt Coverage: AEGN's debt is well covered by operating cash flow (81.1%).

Interest Coverage: AEGN's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet


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Dividend

What is Aegean Airlines's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.63%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate AEGN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AEGN'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 AEGN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AEGN's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: AEGN is not paying a notable dividend for the Greek market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as AEGN has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

10.1yrs

Average board tenure


CEO

Dimitrios Gerogiannis

no data

Tenure

Mr. Dimitrios Gerogiannis serves as the Chief Executive Officer and Managing Director of Aegean Airlines S.A. Mr. Gerogiannis has been an Executive Director at Aegean Airlines S.A. since June 14, 2012.


Board Members

Experienced Board: AEGN's board of directors are seasoned and experienced ( 10.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AEGN insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Aegean Airlines S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Aegean Airlines S.A.
  • Ticker: AEGN
  • Exchange: ATSE
  • Founded: 1988
  • Industry: Airlines
  • Sector: Transportation
  • Implied Market Cap: €432.802m
  • Shares outstanding: 90.17m
  • Website: https://www.aegeanair.com

Number of Employees


Location

  • Aegean Airlines S.A.
  • 31 Viltanioti Street
  • Kifissia
  • Athens
  • 145 64
  • Greece

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/04 00:00
End of Day Share Price2022/07/04 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.