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 6,181 - -
Change - -7.91% -3.78% 16.11% -26.69% 8.38% - -
Enterprise Value (EV) 1 15,282 14,458 12,011 12,697 11,114 11,710 12,038 11,852
Change - -5.39% -16.93% 5.72% -12.47% 5.36% 2.8% -1.55%
P/E -2.06x -4.08x 3.14x 4.87x 10.4x 54x 14.4x 7.07x
PBR 840x -4.47x 8.42x 3.17x 2.19x 1.42x 1.25x 1.03x
PEG - 0.1x -0x -0.2x -0.2x -0.7x 0x 0x
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 4.07x 3.38x 2.69x
EV / EBIT -5.01x -77.3x 5.27x 10.1x 12.1x 20.4x 10.4x 6.82x
EV / FCF -5.8x 18.2x 4.36x 9.81x 14.9x 29.8x 42.6x 9.81x
FCF Yield -17.2% 5.51% 22.9% 10.2% 6.72% 3.36% 2.35% 10.2%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -10.25 -4.75 5.96 4.574 1.86 0.41 1.54 3.13
Distribution rate - - - - - - - -
Net sales 1 6,400 16,556 21,833 22,255 22,372 25,363 26,811 28,435
EBITDA 1 -1,464 1,457 3,982 3,586 3,124 2,880 3,560 4,405
EBIT 1 -3,049 -187 2,279 1,263 918 573.2 1,152 1,738
Net income 1 -3,602 -1,700 2,276 1,720 644 171.5 582.8 1,053
Net Debt 1 7,721 7,495 5,311 4,918 5,411 5,529 5,857 5,671
Reference price 2 21.13 19.39 18.69 22.26 19.29 22.14 22.14 22.14
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
54x0.46x4.07x-.--% 4.4B
16x0.88x7.81x1% 51.86B
11.68x0.74x7.39x-.--% 33.14B
13.61x1.34x6.2x1.87% 26.96B
7.93x0.79x3.83x2.18% 24.08B
15.96x0.8x7.98x1.71% 20.56B
61.67x2.1x12.57x0.07% 18.78B
28.48x1.07x5.71x3.91% 16.32B
-9.54x1.58x10.99x-.--% 15.02B
9.47x1.11x4.71x3.46% 13.6B
Average 20.93x 1.09x 7.13x 1.42% 22.47B
Weighted average by Cap. 17.57x 1.07x 7.34x 1.34%

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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