Company Valuation: Ryanair Holdings plc

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 18,657 15,418 16,943 23,972 19,849 25,586 - -
Change - -17.36% 9.9% 41.48% -17.2% 28.9% - -
Enterprise Value (EV) 1 20,934 16,869 16,385 22,599 18,545 23,348 22,143 21,240
Change - -19.42% -2.87% 37.93% -17.94% 25.9% -5.16% -4.08%
P/E ratio -18.1x -63.8x 12.9x 12.6x 12.8x 11.9x 10.5x 9.85x
PBR 4.02x 2.78x 3x 3.15x 2.82x 3.15x 2.59x 2.19x
PEG - 0.8x -0x 0.3x -1x 0.3x 0.8x 1.58x
Capitalization / Revenue 11.4x 3.21x 1.57x 1.78x 1.42x 1.65x 1.55x 1.44x
EV / Revenue 12.8x 3.51x 1.52x 1.68x 1.33x 1.51x 1.35x 1.2x
EV / EBITDA -78x 44.4x 6.56x 7.24x 6.69x 6.24x 5.53x 4.98x
EV / EBIT -24.9x -49.7x 10.4x 11x 11.9x 9.71x 8.5x 7.69x
EV / FCF -7.63x 22.2x 8.29x 29.5x 9.95x 11.2x 10.7x 11.5x
FCF Yield -13.1% 4.5% 12.1% 3.39% 10% 8.9% 9.36% 8.73%
Dividend per Share 2 - - - 0.353 0.4 0.4644 0.5424 0.6012
Rate of return - - - 1.68% 2.15% 1.91% 2.23% 2.47%
EPS 2 -0.9142 -0.213 1.153 1.674 1.455 2.053 2.329 2.475
Distribution rate - - - 21.1% 27.5% 22.6% 23.3% 24.3%
Net sales 1 1,636 4,801 10,775 13,444 13,948 15,470 16,456 17,748
EBITDA 1 -268.4 379.8 2,496 3,120 2,772 3,744 4,008 4,264
EBIT 1 -839.4 -339.6 1,573 2,061 1,558 2,405 2,605 2,763
Net income 1 -1,015 -240.8 1,314 1,917 1,612 2,161 2,390 2,557
Net Debt 1 2,276 1,452 -558.8 -1,373 -1,304 -2,237 -3,442 -4,346
Reference price 2 16.54 13.59 14.88 21.03 18.62 24.37 24.37 24.37
Nbr of stocks (in thousands) 1,127,657 1,134,481 1,138,665 1,139,908 1,065,713 1,049,880 - -
Announcement Date 17/05/21 16/05/22 22/05/23 20/05/24 19/05/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.87x1.51x6.24x1.91% 30.07B
14.91x0.87x7.39x1.1% 45.88B
9.29x0.77x6.42x-.--% 31.53B
6.8x0.73x3.37x2.4% 23.87B
448.65x2.44x12.96x0.21% 19.4B
18.85x1.28x5.76x4.11% 16.16B
-17.2x1.76x10.6x-.--% 14.29B
90.12x1.72x8.28x0.09% 13.96B
7.45x0.36x3.6x4.02% 10.86B
4.96x0.82x5.06x1.08% 10.05B
Average 59.57x 1.23x 6.97x 1.49% 21.61B
Weighted average by Cap. 53.90x 1.19x 6.99x 1.35%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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