Company Valuation: Air Canada

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,561 6,963 6,700 7,779 5,703 6,158 - -
Change - -7.91% -3.78% 16.11% -26.69% 7.98% - -
Enterprise Value (EV) 1 15,282 14,458 12,011 12,697 11,114 11,642 12,016 11,830
Change - -5.39% -16.93% 5.72% -12.47% 4.75% 3.21% -1.55%
P/E -2.06x -4.08x 3.14x 4.87x 10.4x 42.3x 8.9x 6.76x
PBR 840x -4.47x 8.42x 3.17x 2.19x 1.41x 1.24x 1.03x
PEG - 0.1x -0x -0.2x -0.2x -0.6x 0x 0.2x
Capitalization / Revenue 1.18x 0.42x 0.31x 0.35x 0.25x 0.24x 0.23x 0.22x
EV / Revenue 2.39x 0.87x 0.55x 0.57x 0.5x 0.46x 0.45x 0.42x
EV / EBITDA -10.4x 9.92x 3.02x 3.54x 3.56x 3.98x 3.34x 2.67x
EV / EBIT -5.01x -77.3x 5.27x 10.1x 12.1x 20.3x 10.4x 6.75x
EV / FCF -5.8x 18.2x 4.36x 9.81x 14.9x 29.6x 42.5x 9.79x
FCF Yield -17.2% 5.51% 22.9% 10.2% 6.72% 3.38% 2.35% 10.2%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -10.25 -4.75 5.96 4.574 1.86 0.52 2.47 3.255
Distribution rate - - - - - - - -
Net sales 1 6,400 16,556 21,833 22,255 22,372 25,358 26,801 28,451
EBITDA 1 -1,464 1,457 3,982 3,586 3,124 2,925 3,594 4,428
EBIT 1 -3,049 -187 2,279 1,263 918 573.1 1,152 1,751
Net income 1 -3,602 -1,700 2,276 1,720 644 171.5 582.8 1,073
Net Debt 1 7,721 7,495 5,311 4,918 5,411 5,484 5,857 5,671
Reference price 2 21.13 19.39 18.69 22.26 19.29 21.99 21.99 21.99
Nbr of stocks (in thousands) 357,835 359,098 358,469 349,475 295,653 280,059 - -
Announcement Date 18/02/22 17/02/23 16/02/24 13/02/25 12/02/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
42.29x0.46x3.98x-.--% 4.35B
14.9x0.84x7.5x1.05% 49.32B
10.09x0.71x6.76x-.--% 31.19B
13.51x1.33x6.13x1.88% 26.86B
7.99x0.79x3.84x2.17% 24.37B
14.59x0.73x7x1.83% 19.32B
62.84x2.14x12.77x0.07% 19.1B
29.48x1.05x5.63x3.79% 16.08B
-9.86x1.59x11.08x-.--% 15.33B
9.51x1.11x4.64x3.45% 13.65B
Average 19.53x 1.07x 6.93x 1.42% 21.96B
Weighted average by Cap. 16.97x 1.06x 7.10x 1.36%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Air Canada

Historical PBR trend

Valuation ratios - PBR - Air Canada

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Air Canada

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Air Canada


Year-on-year evolution of the Yield

Valuation ratios - Yield - Air Canada
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