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Finnair
2.86 EUR -1.45%13,154 investors are following this company
Finnair is a Finnish airline. The company offers a wide range of destinations to and from Europe, and to a large part of the world's continents. The flights are mainly found around the Nordic countries, Europe and Asia. In addition to regular flights, long-haul flights are offered. The company was founded in 1923 and is headquartered in Vantaa, Finland.
P/E (24e)
7.7
EV/EBIT (adj.) (24e)
8.48
P/B (24e)
1.01
Dividend yield-% (24e)
2.45 %
Target price
3.75 EUR
Recommendation
Accumulate
Updated
23.4.2024
NASDAQ Helsinki
FIA1S
Daily low / high price
2.86 / 2.938
EUR
Market cap
585.76M EUR
Turnover
934.63K EUR
Volume
323K
Business risk
Valuation risk
Current
Previous
Analyst
Antti Viljakainen
Head of Research
Latest videos
Financial calendar
Interim report
19.07.2024
Interim report
29.10.2024
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Prime Minister´s Office | 55.7 % | 55.7 % |
Varma Mutual Pension Insurance Company | 2.9 % | 2.9 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Sanna Suvanto-harsaae | 09.11.2023 | 6,075EUR |
Tiina Alahuhta-kasko | 09.11.2023 | 5,810EUR |
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Forum updates
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 829.2 | 838.4 | 2,356.6 | 2,988.5 | 3,099.2 | 3,141.7 | 3,228.5 | 3,323.1 |
growth-% | -73.2 % | 1.1 % | 181.1 % | 26.8 % | 3.7 % | 1.4 % | 2.8 % | 2.9 % |
EBITDA | -120.7 | -134.6 | 149.2 | 537.6 | 509.2 | 516.3 | 520.8 | 521.3 |
EBIT (adj.) | -595.3 | -469.9 | -163.9 | 184.0 | 190.0 | 199.0 | 203.0 | 204.0 |
EBIT | -464.5 | -454.4 | -200.6 | 191.4 | 184.4 | 199.0 | 203.0 | 204.0 |
Profit before taxes | -654.3 | -581.9 | -370.7 | 119.1 | 89.1 | 103.5 | 112.8 | 113.6 |
Net income | -540.8 | -480.7 | -492.5 | 241.2 | 71.4 | 82.8 | 90.2 | 90.9 |
EPS (adj.) | -0.50 | -0.35 | -0.33 | 0.00 | 0.37 | 0.41 | 0.44 | 0.45 |
growth-% | -199.9 % | 7,356.9 % | 9.2 % | 9.0 % | 0.7 % | |||
Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.10 | 0.11 | 0.11 |
Dividend ratio | 20.0 % | 24.7 % | 24.9 % | 25.0 % |
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Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | -14.6 % | -16.1 % | 6.3 % | 18.0 % | 16.4 % | 16.4 % | 16.1 % | 15.7 % |
EBIT-% (adj.) | -71.8 % | -56.0 % | -7.0 % | 6.2 % | 6.1 % | 6.3 % | 6.3 % | 6.1 % |
EBIT-% | -56.0 % | -54.2 % | -8.5 % | 6.4 % | 6.0 % | 6.3 % | 6.3 % | 6.1 % |
ROE | -58.1 % | -70.1 % | -111.1 % | 48.8 % | 12.4 % | 13.5 % | 13.2 % | 12.1 % |
ROI | -16.5 % | -14.3 % | -6.3 % | 6.8 % | 7.7 % | 8.5 % | 9.0 % | 9.0 % |
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Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 12.72 | 9.99 | 6.52 | 3.98 | 2.86 | 2.86 | 2.86 | 2.86 |
Shares | 1,407.4 | 1,407.4 | 1,407.4 | 20,421.1 | 204.2 | 204.2 | 204.2 | 204.2 |
Market cap | 17,896.5 | 14,062.7 | 9,172.0 | 81,276.0 | 584.0 | 584.0 | 584.0 | 584.0 |
Enterprise value | 19,451.5 | 15,806.5 | 10,876.8 | 82,379.5 | 1,611.1 | 1,424.9 | 1,254.8 | 1,235.9 |
EV/S | 23.5 | 18.9 | 4.6 | 27.6 | 0.5 | 0.5 | 0.4 | 0.4 |
EV/EBITDA | - | - | 72.9 | 153.2 | 3.2 | 2.8 | 2.4 | 2.4 |
EV/EBIT (adj.) | - | - | - | 447.8 | 8.5 | 7.2 | 6.2 | 6.1 |
EV/EBIT | - | - | - | 430.4 | 8.7 | 7.2 | 6.2 | 6.1 |
P/E (adj.) | - | - | - | 798.9 | 7.7 | 7.1 | 6.5 | 6.4 |
P/E | - | - | - | 337.0 | 8.2 | 7.1 | 6.5 | 6.4 |
P/B | 20.0 | 29.6 | 22.3 | 140.9 | 1.0 | 0.9 | 0.8 | 0.7 |
P/S | 21.6 | 16.8 | 3.9 | 27.2 | 0.2 | 0.2 | 0.2 | 0.2 |
Dividend yield | 2.5 % | 3.5 % | 3.9 % | 3.9 % | ||||
Equity ratio | 24.6 % | 11.8 % | 9.9 % | 15.6 % | 15.6 % | 18.0 % | 20.2 % | 21.5 % |
Gearing ratio | 151.1 % | 324.4 % | 269.0 % | 191.3 % | 177.6 % | 130.0 % | 93.6 % | 83.0 % |
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Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 749.3 | 817.3 | 727.2 | 2,988.5 | 681.5 | 780.9 | 867.8 | 769.1 | 3,099.2 |
EBITDA | 148.6 | 173.4 | 125.3 | 537.6 | 65.6 | 136.0 | 186.9 | 120.7 | 509.2 |
EBIT | 65.8 | 90.0 | 27.3 | 191.4 | -17.2 | 56.0 | 106.9 | 38.7 | 184.4 |
Profit before taxes | 43.6 | 66.5 | 16.4 | 119.1 | -37.6 | 31.0 | 81.9 | 13.7 | 89.1 |
Net income | 134.1 | 48.4 | 60.2 | 241.2 | -29.9 | 24.8 | 65.5 | 11.0 | 71.4 |
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ShowingAll content types
Finnair Plc - Managers' transactions - Sarelius
Finnair Plc - Managers' transactions - Orvér
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