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 5,912 - -
Change - -7.91% -3.78% 16.11% -26.69% 3.66% - -
Enterprise Value (EV) 1 15,282 14,458 12,011 12,697 11,114 11,714 12,083 11,982
Change - -5.39% -16.93% 5.72% -12.47% 5.4% 3.15% -0.84%
P/E -2.06x -4.08x 3.14x 4.87x 10.4x 704x 14.1x 6.74x
PBR 840x -4.47x 8.42x 3.17x 2.19x 1.35x 1.19x 0.87x
PEG - 0.1x -0x -0.2x -0.2x -7.2x 0x 0x
Capitalization / Revenue 1.18x 0.42x 0.31x 0.35x 0.25x 0.23x 0.22x 0.21x
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 4.14x 3.5x 2.75x
EV / EBIT -5.01x -77.3x 5.27x 10.1x 12.1x 21.9x 11.7x 7.12x
EV / FCF -5.8x 18.2x 4.36x 9.81x 14.9x 29.8x 42.8x 9.92x
FCF Yield -17.2% 5.51% 22.9% 10.2% 6.72% 3.36% 2.34% 10.1%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -10.25 -4.75 5.96 4.574 1.86 0.03 1.5 3.13
Distribution rate - - - - - - - -
Net sales 1 6,400 16,556 21,833 22,255 22,372 25,446 26,896 28,457
EBITDA 1 -1,464 1,457 3,982 3,586 3,124 2,827 3,449 4,357
EBIT 1 -3,049 -187 2,279 1,263 918 534.2 1,030 1,684
Net income 1 -3,602 -1,700 2,276 1,720 644 39.26 486.8 968.7
Net Debt 1 7,721 7,495 5,311 4,918 5,411 5,802 6,171 6,070
Reference price 2 21.13 19.39 18.69 22.26 19.29 21.11 21.11 21.11
Nbr of stocks (in thousands) 357,835 359,098 358,469 349,475 295,653 280,059 - -
Announcement Date 2/18/22 A 2/17/23 A 2/16/24 A 2/13/25 A 2/12/26 A - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
703.67x0.46x4.14x-.--% 4.23B
15.5x0.86x7.62x1.03% 50.24B
11.47x0.72x7.21x-.--% 31.82B
13.36x1.31x6.07x1.91% 26.44B
7.66x0.77x3.72x2.26% 23.25B
16.91x0.75x7.29x1.72% 20.44B
60.99x2.08x12.46x0.07% 18.53B
28.53x1.07x5.71x3.9% 16.34B
-9.79x1.59x11.06x-.--% 15.3B
9.27x1.1x4.64x3.54% 13.31B
Average 85.76x 1.07x 6.99x 1.44% 21.99B
Weighted average by Cap. 29.85x 1.05x 7.19x 1.37%

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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