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 26,793 - -
Change - -17.36% 9.9% 41.48% -17.2% 34.99% - -
Enterprise Value (EV) 1 20,934 16,869 16,385 22,599 18,545 24,553 23,369 22,516
Change - -19.42% -2.87% 37.93% -17.94% 32.4% -4.83% -3.65%
P/E ratio -18.1x -63.8x 12.9x 12.6x 12.8x 12.5x 10.6x 10x
PBR 4.02x 2.78x 3x 3.15x 2.82x 3.3x 2.7x 2.27x
PEG - 0.8x -0x 0.3x -1x 0.3x 0.6x 1.7x
Capitalization / Revenue 11.4x 3.21x 1.57x 1.78x 1.42x 1.73x 1.63x 1.51x
EV / Revenue 12.8x 3.51x 1.52x 1.68x 1.33x 1.59x 1.42x 1.27x
EV / EBITDA -78x 44.4x 6.56x 7.24x 6.69x 6.56x 5.78x 5.21x
EV / EBIT -24.9x -49.7x 10.4x 11x 11.9x 10.2x 8.79x 7.98x
EV / FCF -7.63x 22.2x 8.29x 29.5x 9.95x 11.8x 11.3x 12.1x
FCF Yield -13.1% 4.5% 12.1% 3.39% 10% 8.46% 8.87% 8.23%
Dividend per Share 2 - - - 0.353 0.4 0.4644 0.5497 0.6072
Rate of return - - - 1.68% 2.15% 1.82% 2.15% 2.38%
EPS 2 -0.9142 -0.213 1.153 1.674 1.455 2.043 2.398 2.54
Distribution rate - - - 21.1% 27.5% 22.7% 22.9% 23.9%
Net sales 1 1,636 4,801 10,775 13,444 13,948 15,469 16,470 17,743
EBITDA 1 -268.4 379.8 2,496 3,120 2,772 3,745 4,042 4,318
EBIT 1 -839.4 -339.6 1,573 2,061 1,558 2,403 2,660 2,823
Net income 1 -1,015 -240.8 1,314 1,917 1,612 2,150 2,467 2,613
Net Debt 1 2,276 1,452 -558.8 -1,373 -1,304 -2,240 -3,424 -4,277
Reference price 2 16.54 13.59 14.88 21.03 18.62 25.52 25.52 25.52
Nbr of stocks (in thousands) 1,127,657 1,134,481 1,138,665 1,139,908 1,065,713 1,049,890 - -
Announcement Date 17/5/21 16/5/22 22/5/23 20/5/24 19/5/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.69x1.62x6.67x1.79% 32.13B
13.8x0.88x7.5x1.08% 46.85B
9x0.77x6.17x-.--% 31.56B
6.62x0.74x3.37x2.46% 24.19B
423.23x2.32x12.32x0.23% 18.39B
18.87x1.29x5.83x4.1% 16.37B
-11.41x1.72x12.46x-.--% 15.75B
-98.19x1.64x9.94x0.17% 13.8B
-16.42x1.69x10.23x-.--% 13.5B
7.59x0.37x3.66x3.93% 11.33B
Average 36.58x 1.30x 7.81x 1.38% 22.39B
Weighted average by Cap. 35.37x 1.23x 7.49x 1.28%

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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