FLYR

FlyrOB:FLYR Stock Report

Market Cap

kr558.1m

7D

-7.2%

1Y

n/a

Updated

17 Sep, 2021

Data

Company Financials +
FLYR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth6/6
Past Performance0/6
Financial Health3/6
Dividends0/6

FLYR Overview

Flyr AS focuses on operating an airline in Norway.

Price History & Performance

Summary of all time highs, changes and price drops for Flyr
Historical stock prices
Current Share Pricekr3.72
52 Week Highkr3.70
52 Week Lowkr7.50
Beta0
1 Month Change-20.50%
3 Month Change-29.09%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-36.40%

Recent News & Updates

Sep 15
Companies Like Flyr (OB:FLYR) Are In A Position To Invest In Growth

Companies Like Flyr (OB:FLYR) Are In A Position To Invest In Growth

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...

Shareholder Returns

FLYRNO AirlinesNO Market
7D-7.2%5.5%-0.5%
1Yn/a-4.9%20.4%

Return vs Industry: Insufficient data to determine how FLYR performed against the Norwegian Airlines industry.

Return vs Market: Insufficient data to determine how FLYR performed against the Norwegian Market.

Price Volatility

Is FLYR's price volatile compared to industry and market?
FLYR volatility
FLYR Beta0
Industry Beta1.7
Market Beta1

Stable Share Price: FLYR is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: FLYR's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
202016Tonje Frislidhttps://www.flyr.no

Flyr AS focuses on operating an airline in Norway. It intends to offer customers with domestic and international flights from its base at Oslo Airport. The company was incorporated in 2020 and is based in Oslo, Norway.

Flyr Fundamentals Summary

How do Flyr's earnings and revenue compare to its market cap?
FLYR fundamental statistics
Market Capkr558.08m
Earnings (TTM)-kr22.72m
Revenue (TTM)n/a

0x

P/S Ratio

-24.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FLYR income statement (TTM)
Revenuekr0
Cost of Revenuekr9.86m
Gross Profit-kr9.86m
Expenseskr12.86m
Earnings-kr22.72m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

Nov 11, 2021

Earnings per share (EPS)-1.39
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio1.6%

How did FLYR perform over the long term?

See historical performance and comparison

Valuation

Is Flyr undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FLYR (NOK3.72) is trading below our estimate of fair value (NOK146.83)

Significantly Below Fair Value: FLYR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FLYR is unprofitable, so we can't compare its PE Ratio to the Global Airlines industry average.

PE vs Market: FLYR is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FLYR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FLYR is overvalued based on its PB Ratio (35.9x) compared to the XE Airlines industry average (2.7x).


Future Growth

How is Flyr forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

61.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FLYR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).

Earnings vs Market: FLYR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: FLYR's is expected to become profitable in the next 3 years.

Revenue vs Market: FLYR's revenue (41.7% per year) is forecast to grow faster than the Norwegian market (5.8% per year).

High Growth Revenue: FLYR's revenue (41.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FLYR's Return on Equity is forecast to be high in 3 years time (24.9%)


Past Performance

How has Flyr performed over the past 5 years?

-6.6%

Historical Transportation annual earnings growth


Earnings and Revenue History

Quality Earnings: FLYR is currently unprofitable.

Growing Profit Margin: FLYR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if FLYR's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare FLYR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FLYR is unprofitable, making it difficult to compare its past year earnings growth to the Airlines industry (-22%).


Return on Equity

High ROE: FLYR has a negative Return on Equity (-145.96%), as it is currently unprofitable.


Financial Health

How is Flyr's financial position?


Financial Position Analysis

Short Term Liabilities: FLYR's short term assets (NOK15.8M) exceed its short term liabilities (NOK8.8M).

Long Term Liabilities: FLYR's short term assets (NOK15.8M) exceed its long term liabilities (NOK2.1M).


Debt to Equity History and Analysis

Debt Level: FLYR's debt to equity ratio (1.6%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if FLYR's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: FLYR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if FLYR's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Flyr current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FLYR's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

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

1.7yrs

Average management tenure


CEO

Tonje Frislid

0.33

Tenure

Ms. Tonje Wikstrøm Frislid serves as Chief Executive Officer at FLYR AS since May 01, 2021. Ms. Frislid is the Head of Business Unit I Single Services at Coor Service Management Holding AB since 2020. She...


Leadership Team

Experienced Management: FLYR's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: FLYR's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: FLYR only recently listed within the past 12 months.


Top Shareholders

Company Information

Flyr AS's employee growth, exchange listings and data sources


Key Information

  • Name: Flyr AS
  • Ticker: FLYR
  • Exchange: OB
  • Founded: 2020
  • Industry: Airlines
  • Sector: Transportation
  • Market Cap: kr558.075m
  • Shares outstanding: 150.00m
  • Website: https://www.flyr.no

Number of Employees


Location

  • Flyr AS
  • Nedre Vollgate 5
  • Oslo
  • Oslo
  • 158
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/17 22:32
End of Day Share Price2021/09/17 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.