Thursday, March 28, 2024


Air France - KLM (AF)EUR10.33

DATA & ARCHIVE DOWNLOAD CENTER

AF: EXPORT DATA TO EXCEL:

+ PRICE VOLUME - 5-YEAR HISTORY

+ PEER COMPARISON

AF: OTHER INFORMATION:

+ NEWS ARCHIVES - AF PAST 1 YEAR:

+ PRICE VOLUME CHARTS

+ USD vs EUR EXCHANGE RATE CHARTS IN HTML

Index (Click on tabs to view details)

Corporate Profile

Activities

Air France-KLM is one of the world's leading airline companies. Net sales break down by activity as follows: - passenger transportation (77.5%): 71.4 million people transported in 2009/10; - freight transportation (11.6%; No. 2 worldwide): 1.5 Mt of merchandise transported; - maintenance services (4.6%); - other (6.3%): primarily catering service activities (Servair and KLM Catering Services) and charters (Transavia.com). At the end of March 2010, the group had a fleet of 625 airplanes divided between the domestic fleets of Air France (262, of which 148 owned and 114 leased) and KLM (113, of which 33 owned and 80 leased), and the regional fleets of KLM Cityhopper (48, of which 32 owned and 16 leased), Brit Air (43, of which 16 owned and 27 leased), City Jet (27, of which 16 owned and 11 leased), Regional (64, of which 23 owned and 41 leased), VLM Airlines (17, of which 15 owned and 2 leased) and other (51, of which 8 owned and 43 leased). It is France's 4th largest Travel & leisure company by market capitalisation.


Contact Details

Websitehttp://www.airfranceklm-finance.com
Physical Address45 rue de Paris POBox 90112 95747 Roissy Charles de Gaulle France
Phone+33 (0)1 41 56 88 85
Fax+33 (0)1 41 56 70 29



Industry & Sector [of 104 stocks]

Classification LevelName of Sector
Business SectorCyclical Consumer Services
Industry GroupHotels & Entertainment Services
IndustryLeisure & Recreation
Economic SectorConsumer Cyclicals



Financials FY 2022

AF Financials Summary:

Year ended DecFY2022FY2021FY2020
Sales ($ B)28.715.512
Pretax ($)371.4M(3.9B)(7.5B)
Net ($)790.6M(3.6B)(7.7B)
EPS (EUR)3(30.2609)(70.6087)

EPS recovered to EUR3.0 in FY2022 [ y.e. 31 Dec 2022]
+    There was a turnaround in Net profit from a loss of $3.6 billion in FY2021 to net profit of $790.6 million in FY2022.
+    Earnings Per Share (EPS) recovered from a loss of EUR30.26 in FY2021 to EUR3.0 in FY2022.


Financials, FY 2022 [year-ended 31 December 2022 ]

Air France - KLM Revenue up 84%

Air France - KLM (FR:AF) reported total revenue for the year-ended 31 December 2022 [FY2022] of EUR26.4b ($28.3b), up 84% from EUR14.3b ($16.2b) in the previous year [FY2021].


Annual growth in Revenue

Year-ended31 December [FY/2022]31 December [FY/2021]
Revenue, EUR Billion26.414.3
Revenue, $ Billion28.315.4
Growth in Revenue %84.429.1
Net Profit, EUR728m-3.3b
Net Profit, $781m-3.5b
EPS30.0cEUR-6.0


Major changes compared with previous year (FY2022 vs FY2021):
Favourable Changes:
- Sales revenue up 84.4% from EUR14.3b ($16.2b) to EUR26.4b ($28.3b)
- Total revenue to total assets up from 0.5 to 0.8
- Sales and marketing expenses to Sales down from 46.4% to 31.3%
- Current Debtors to Total Assets up from 4.9% to 5.5%
Unfavourable Changes:
- Current ratio down 9.9% from 0.9 to 0.8
- Fixed Assets to Total Assets down from 55.5% to 53.9%
- Total Liabilities to EBITDA of 11.6 compares unfavourably with the Joseph Piotroski benchmark of <5
- Total Liabilities to Operating Cash Flow of 7.3 compares unfavourably with the Joseph Piotroski benchmark of <4. However, it has improved by 67.7% from the previous year's ratio of 22.5.

Currency Conversion (December 31, 2022): $1 = EUR0.93
Currency Conversion (December 31, 2021): $1 = EUR0.88

Three-year record of growth and performance:
In the last 3 years Total Revenue averaged EUR17.3B ($18.5B), EBITDA averaged EUR-0.7B (-US78.3cB) and Net Profit averaged EUR-3.2B (-$3.4B). Compound Annual Growth Rate (CAGR) averaged -1.0% for Total Revenue, 35.9% for Net Profit and -2.6% for EBITDA.
DescriptionAnnual (EUR M)Annual ($ M)3-year Avg (EUR B)3-year Avg ($ B)3-year CAGR %
Total Revenue26,39328,325.817.318.5(1)
EBITDA3,0383,260.5(0.7)(0.8)(2.6)
Operating Profit342367(3.4)(3.6)(0.4)
Net Profit728781.3(3.2)(3.4)35.9


Three-year record of EBITDA, Operating Profit, Net Profit, ROA and ROCE
In 2022 Net Profit Margin of 2.8% was above its 3-year Avg of -27.8% (All Figures in %)
Description20223-year Avg
EBITDA Margin11.5(11.2)
Operating Profit Margin1.3(28.7)
Net Profit Margin2.8(27.8)
Return on Assets2.3(10.5)
Return on Capital Employed1.8(18.2)



Profiles of Top Management

Benjamin Smith
CEO
Benjamin Smith is a senior airline industry veteran, having spent twenty years at Air Canada before joining Air France-KLM as Chief Executive Officer.
In 1990, while at university, he started part time as a Customer Service Agent at Air Ontario. In 1992 he followed an entrepreneurial path and established his own retail corporate travel agency, successfully running this business for eight years. In 2002 he joined Air Canada, envisioning and subsequently leading its Tango subsidiary.

Anne-Marie Couderc
Non-Executive Independent Chairman
Mrs. Anne-Marie Couderc has served as Non-Executive Chairman of the Board of AIR FRANCE KLM SA since May 15, 2018. She has previously been Independent Director of the Company since May 19, 2016. She is Chair of the Appointments and Governance Committee and Member of the Audit Committee. Anne-Marie Couderc, a graduate in private law, holds a French Professional Lawyer's Certificate (Certificat d'Aptitude a la Profession d'Avocat). Ms. Couderc began her career in 1972 as a lawyer with the Paris Bar. She then became Chief Legal Officer in Hachette's industrial division between 1979 and 1982, before fulfilling different functions within the Lagardere Group from 1982 to 1995: she was successively Deputy General Secretary, Director of Human Resources and Communication, then Deputy CEO of the Hachette Filipacchi Associes (Press Division). In 1997, she was named Chief Executive Officer followed, from 2006 to 2010, Secretary-General of Lagardere Active (press and audiovisual activities). From 2011 to 2017, she was Chair of the Presstalis Group (press distribution). She has been company director since June 30, 2017. In parallel, Anne-Marie Couderc has pursued a political career: having been elected to the Paris Council in 1983, until 2001 she successively served as Advisor then Deputy to the Mayor of Paris between 1989 and 2001. Having been elected a Deputy of the French National Assembly in 1993, she subsequently joined the government in 1995 where she was appointed Secretary of State to the Prime Minister, responsible for Employment, then Minister for Employment and Social Affairs, responsible for Employment, until 1997. Ms. Couderc is an Officer of the Legion of Honor and of the National Order of Merit. She serves as Director and President of the Remuneration Committee of Ramsay Generale de Sante since 2014; director of Transdev SA since 2012 and President of the Audit Committee of Transdev SA since 2017; among others.


Peer Comparison & Ranking of AF

GLOBAL PEER COMPARISON: AF - SIZE (all figures in $)

In its Global Peer Group of 9 companies AF is ranked first (1) by Revenue, Net Profit, second (2) by Total Assets and fifth (5) by MCap.

Name (Code)MCapRevenueNet ProfitTotal Assets
Rank of AF5112
Air France - KLM (AF)2.9B28.6B788.2M35B
Travel + Leisure (TNL)3.6B3.6B357M6.8B
Giant Network Group (002558)3.4B282.3M117.9M1.8B
EIH (EIHOTEL)3.4B251.5M37.7M528.8M
Carnival (CCL)2.9B27.3B(93.4M)62B
Wizz Air Holdings (WIZZ)2.8B4.2B(566.3M)7.6B
Kangwon Land (A035250)2.6B945.4M86M3.1B
Sweetgreen (SG)2.5B470.1M(190.4M)908.9M
Shangri-La Asia (00069)2.2B1.5B(158.5M)12.6B


GLOBAL PEER COMPARISON: AF - RELATIVE VALUE INDICATORS

In value terms, comparing relative value of its shares, AF is ranked

+ 1 out of 9 by Price/Earnings per share [3.4]
+ 1 out of 9 by Price/Sales per share [0.1]

Name (Code)Currency CodeLast PriceDiv Yld (%)P/EP/SP/Book
Rank of AF by value11
Air France - KLM (AF)EUR10.33.40.1
Travel + Leisure (TNL)USD48.53.810.31.0
Giant Network Group (002558)CNY12.22.426.612.22.1
EIH (EIHOTEL)INR449.50.287.413.110.3
Carnival (CCL)GBX1,2240.1
Wizz Air Holdings (WIZZ)GBX2,1190.7
Kangwon Land (A035250)KRW16,4202.128.82.81.0
Sweetgreen (SG)USD25.55.45.3
Shangri-La Asia (00069)HKD4.91.5


USD 1=
0.924231 Euro (EUR); 7.227 Chinese Yuan (CNY); 79.183 Pence Sterling (GBX)



BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING:

Air France - KLM vs French Market

Out of 560 stocks in the French Market, Air France - KLM is ranked sixteenth(16) by P/Earnings, Twenty-seventh(27) by Revenue, Forty-first(41) by Net Profit $ and Ninety-seventh(97) by Market Cap in $.
French AvgAFAF Rank
P/Earnings20.1x3.4x16
Revenue $5.3 B28.6 B27
Net Profit $335.8 M787.7 M41
Market Cap $7.2 B2.9 B97
Premium to 52-Wk Low (%)22.110.1105
Discount to 52-Wk High (%)1.0342.6168
EBITDA Margin%13.111.5229
ROA (%)1.42.3261

Negative values are shown in brackets.


MARKET SHARE

Air France - KLM has a position of market dominance in the Travel & Leisure sector.
Air France - KLM vs Travel & Leisure sector [Travel & Leisure sector Total in Brackets]
Revenue of EUR26.4 billion ($28.6 billion)[79.7% of aggregate sector revenue of EUR62.6 billion; up from 76.2% in the previous year.]


GLOBAL RANK [out of 46,475 stocks] AND RANK OF AIR FRANCE - KLM IN THE EUROPE REGION [out of 7,440 stocks]

DescriptionValueGlobal RankIn Eur Region
MCap ($)2.9B4,511838
Total Assets ($)35B1,340272
Revenue ($)28.6B609138
Net Profit ($)788.2M1,564302
Net Profit Margin %2.822,9203,519
Price/Earnings3.41,296275
PV1000 (1Year) $*66434,5935,337
$* Change (1Year) %-34.034,4915,315


* 1 year ago EUR 1 = $ 1.08
Mar 28, 2024: EUR 1 equals $ 1.08


RANK OF AIR FRANCE - KLM IN THE FRENCH MARKET [out of 614 stocks] AND IN THE TRAVEL & LEISURE SECTOR [out of 16 stocks]

DescriptionValueIn French MarketIn Travel & leisure sector
MCap (EUR)2.7B914
Total Assets (EUR)32.3B391
Revenue (EUR)26.4B281
Net Profit (EUR)728M391
Net Profit Margin %2.829411
Price/Earnings3.4252
PV1000 (1Year) EUR66241017



LONG-TERM FUNDAMENTAL RANKING: 4 OUT OF 5 [5 is best]

Air France - KLM is ranked number 4 out of 17 listed travel & leisure companies in the France with a market capitalization of EUR2.7 billion ($2.9 billion).
Within its sector it has a relatively low P/E of 3.4 and low Price/Sales of 0.1.

Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1.


Glossary

ADVT: Average Daily Volume of shares Traded
Annual Return: Dividends Paid In a 12-Month Period/Price at the Beginning of the Period + Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)
Cash/MCap: Cash plus Liquids/Market Capitalisation (times)
Current Ratio: Current Assets/Current Liabilities (times)
EBIT Margin : Earnings Before Interest and Tax/Revenue (%)
Earnings Yield: Earnings Per Share/Share Price (%)
Moving Average Price (n periods): Sum of Prices for each Period/Number of Periods
PV1000: Present value of 1000 invested 1 year/'n' years ago
Price Close/Moving Avg Price: Latest Price/Moving Average Price
Price/Earnings: Share Price/Earnings Per Share (times)
Price/Sales: Share Price/Sales Per Share (times)
Relative Price Change [RPC]: Relative price change is price change of stock with respect to Benchmark Index
Relative Strength (6 Months): Price close today/Price close 6 months ago, then ranked by percentile within the entire market.
Return on Assets: Net Profit/Total Assets (%)
TSR: Total Shareholder Returns is expressed as an annualized rate of return for shareholders after allowing for capital appreciation and dividend
Volatility: Highest Price minus Lowest Price/Lowest Price (%)
Volume Index (VI): Number of shares traded in the period/Average number of shares traded for the period
Volume Weighted Average Price (VWAP): The Volume Weighted Average Price (VWAP) is the summation of turnover divided by total volume in the same period.

Disclaimer: While this document is based on information sources which are considered reliable, it has been prepared without consideration of your specific investment objectives, financial situation or needs, so you should carry out your own analysis or seek professional investment advice before an investment decision is made. The document contains unbiased, independent equities data and analysis from Jupiter International (Australia) Pty Ltd trading as BuySellSignals (AFS Licence 222756), who provide round the clock analysis on every stock, every sector, every market, every day. BuySellSignals is not a broker, and does not have executing, corporate advisory or investment banking functions. Jupiter International (Australia) Pty Ltd, its directors, employees and contractors do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate.

Data for the BuySellSignals algorithms is drawn from annual reports, company websites and similar sources of publicly available data. It should be used as a guide only.

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