Aegean Airlines Future Growth

Future criteria checks 3/6

Aegean Airlines is forecast to grow earnings and revenue by 5.7% and 4.9% per annum respectively. EPS is expected to grow by 7.2% per annum. Return on equity is forecast to be 24% in 3 years.

Key information

5.7%

Earnings growth rate

7.2%

EPS growth rate

Airlines earnings growth	9.1%
Revenue growth rate	4.9%
Future return on equity	24.0%
Analyst coverage	Low
Last updated	10 Feb 2025

Recent future growth updates

Recent updates

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

Aug 05

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

Jul 05

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

May 31

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

May 21

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

May 04

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

Jan 25

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

Jan 10

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

Oct 10

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

Sep 22

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

Sep 08

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

Aug 14

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

May 25

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

Feb 14

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

Jan 27

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

Apr 01

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

Jun 06

Aegean Airlines (ATH:AEGN) Has Debt But No Earnings; Should You Worry?

May 16

Executive Chairman Eftichios Vassilakis Just Bought 3.3% More Shares In Aegean Airlines S.A. (ATH:AEGN)

Feb 25

Trade Alert: The Executive Chairman Of Aegean Airlines S.A. (ATH:AEGN), Eftichios Vassilakis, Has Just Spent €83k Buying 1.7% More Shares

Feb 03

Health Check: How Prudently Does Aegean Airlines (ATH:AEGN) Use Debt?

Jan 26

How Much Of Aegean Airlines S.A. (ATH:AEGN) Do Insiders Own?

Dec 31

Should You Take Comfort From Insider Transactions At Aegean Airlines S.A. (ATH:AEGN)?

Dec 05

Earnings and Revenue Growth Forecasts

ATSE:AEGN - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	2,011	144	N/A	305	1
12/31/2026	1,985	148	117	353	5
12/31/2025	1,876	136	73	331	5
12/31/2024	1,762	123	62	365	5
9/30/2024	1,772	131	202	357	N/A
6/30/2024	1,794	155	317	432	N/A
3/31/2024	1,764	163	328	484	N/A
12/31/2023	1,724	170	278	434	N/A
9/30/2023	1,693	186	383	506	N/A
6/30/2023	1,611	173	283	434	N/A
3/31/2023	1,445	131	446	446	N/A
12/31/2022	1,381	108	226	350	N/A
9/30/2022	1,221	69	215	239	N/A
6/30/2022	993	57	277	364	N/A
3/31/2022	764	11	256	279	N/A
12/31/2021	688	5	188	211	N/A
9/30/2021	579	-12	109	165	N/A
6/30/2021	397	-148	-16	-14	N/A
3/31/2021	332	-187	-215	-158	N/A
12/31/2020	435	-228	-161	-104	N/A
9/30/2020	638	-186	-82	-45	N/A
6/30/2020	995	-67	-37	45	N/A
3/31/2020	1,303	28	183	221	N/A
12/31/2019	1,328	79	237	274	N/A
9/30/2019	1,297	64	172	231	N/A
6/30/2019	1,267	69	130	167	N/A
3/31/2019	1,211	64	81	141	N/A
12/31/2018	1,202	68	27	86	N/A
9/30/2018	1,184	70	N/A	N/A	N/A
6/30/2018	1,149	67	N/A	162	N/A
3/31/2018	1,155	65	N/A	155	N/A
12/31/2017	1,141	60	N/A	126	N/A
9/30/2017	1,110	53	N/A	N/A	N/A
6/30/2017	1,078	36	N/A	100	N/A
3/31/2017	1,038	18	N/A	N/A	N/A
12/31/2016	1,034	32	N/A	60	N/A
9/30/2016	1,028	38	N/A	N/A	N/A
6/30/2016	997	30	N/A	27	N/A
3/31/2016	1,010	55	N/A	23	N/A
12/31/2015	1,001	68	N/A	70	N/A
9/30/2015	985	84	N/A	108	N/A
6/30/2015	943	79	N/A	107	N/A
3/31/2015	924	80	N/A	101	N/A
12/31/2014	922	80	N/A	112	N/A
9/30/2014	916	77	N/A	116	N/A
6/30/2014	822	57	N/A	153	N/A
3/31/2014	747	51	N/A	132	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AEGN's forecast earnings growth (5.7% per year) is above the savings rate (2.6%).

Earnings vs Market: AEGN's earnings (5.7% per year) are forecast to grow slower than the Greek market (6.2% per year).

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

Revenue vs Market: AEGN's revenue (4.9% per year) is forecast to grow faster than the Greek market (4.8% per year).

High Growth Revenue: AEGN's revenue (4.9% 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 (24%)

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/03/17 21:47
End of Day Share Price	2025/03/17 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Antonis Diapoulis	Alpha Finance Investment Services S.A.
Constantinos Zouzoulas	Axia Ventures Group Ltd
Andrew Lobbenberg	Barclays

Aegean Airlines Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target decreased by 8.0% to €13.78

Price target decreased by 8.1% to €14.90

Price target increased by 7.3% to €16.21

Consensus EPS estimates increase by 14%

Price target increased by 7.7% to €11.90

Consensus EPS estimates increase by 15%

Recent updates

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

Aegean Airlines S.A., Annual General Meeting, Apr 29, 2025

Aegean Airlines S.A. to Report Fiscal Year 2024 Results on Mar 17, 2025

Price target decreased by 8.0% to €13.78

Now 20% overvalued after recent price rise

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

Third quarter 2024 earnings released

Price target decreased by 8.1% to €14.90

Second quarter 2024 earnings released

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

Aegean Airlines S.A. to Report First Half, 2024 Results on Sep 11, 2024

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

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

Price target increased by 7.3% to €16.21

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

First quarter 2024 earnings released

Aegean Airlines S.A. to Report Q1, 2024 Results on May 24, 2024

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

Upcoming dividend of €0.75 per share

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

Aegean Airlines S.A., Annual General Meeting, Apr 30, 2024

New minor risk - Dividend sustainability

Full year 2023 earnings released

Aegean Airlines S.A., Annual General Meeting, Apr 17, 2024

Memento Group Holding BV acquired remaining shares in Anima Wings Aviation S.A. from Aegean Airlines S.A. (ATSE:AEGN).

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

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

Consensus EPS estimates increase by 14%

Third quarter 2023 earnings released

New major risk - Revenue and earnings growth

Price target increased by 7.7% to €11.90

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

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

Second quarter 2023 earnings released: EPS: €0.58 (vs €0.13 in 2Q 2022)

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

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

Aegean Airlines S.A. to Report First Half, 2023 Results on Sep 07, 2023

Consensus EPS estimates increase by 15%

Consensus EPS estimates increase by 19%

Price target increased by 17% to €9.30

Investor sentiment improves as stock rises 18%

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

First quarter 2023 earnings released

Consensus EPS estimates increase by 20%

Price target increased by 10% to €7.94

Full year 2022 earnings released

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

Aegean Airlines S.A., Annual General Meeting, Jul 06, 2023

Price target increased by 9.5% to €7.20

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

Consensus EPS estimates increase by 35%

Consensus EPS estimates increase by 32%

Less than half of directors are independent

Third quarter 2022 earnings released

Consensus forecasts updated

Second quarter 2022 earnings released

Consensus forecasts updated

Aegean Airlines S.A. to Report First Half, 2022 Results on Sep 15, 2022

Now 20% undervalued after recent price drop

Price target decreased to €6.48

Executive Chairman recently bought €52k worth of stock

Consensus forecasts updated

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Less than half of directors are independent

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

Now 21% undervalued

Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beat

Price target increased to €6.44

Second quarter 2021 earnings released