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Aegean Airlines SA
ATHEX:AEGN

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Aegean Airlines SA
ATHEX:AEGN
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Price: 11.15 EUR -2.87% Market Closed
Market Cap: €1B

P/FCFE

5.7
Current
19%
Cheaper
vs 3-y average of 7

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
5.7
=
Market Cap
€1.1B
/
Free Cash Flow to Equity
€174.8m

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
5.7
=
Market Cap
€1.1B
/
Free Cash Flow to Equity
€174.8m

Valuation Scenarios

Aegean Airlines SA is trading below its 3-year average

If P/FCFE returns to its 3-Year Average (7), the stock would be worth €13.72 (23% upside from current price).

Statistics
Positive Scenarios
3/3
Maximum Downside
No Downside Scenarios
Maximum Upside
+140%
Average Upside
72%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 5.7 €11.15
0%
3-Year Average 7 €13.72
+23%
5-Year Average 8.8 €17.12
+54%
Country Average 13.7 €26.73
+140%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close

Market Distribution

Lower than 85% of companies in Greece
Percentile
15th
Based on 146 companies
15th percentile
5.7
Low
2.2 — 8.9
Typical Range
8.9 — 19.9
High
19.9 —
Distribution Statistics
Greece
Min 2.2
30th Percentile 8.9
Median 13.7
70th Percentile 19.9
Max 201.2

Aegean Airlines SA
Glance View

Market Cap
1B EUR
Industry
Airlines

Aegean Airlines SA engages in the provision of air transport services for passengers and commodities. The company is headquartered in Athina, Attiki and currently employs 2,445 full-time employees. The company went IPO on 2007-07-11. The firm provides transport of passengers and goods inside and outside the Greek territory, conducting scheduled and unscheduled flights. Furthermore it renders aviation services, technical support and ground handling aircraft services. The Company’s and the Group’s objectives include among others the following activities/operations: participation in any type of local or foreign company of similar nature of operations; establishment of subsidiaries and agencies, as well as import, trade, leasing of aircraft and spare parts. The Company’s subsidiaries are Olympic Air AE and Aegean Cyprus LTD.

AEGN Intrinsic Value
18.83 EUR
Undervaluation 41%
Intrinsic Value
Price €11.15
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