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Icelandair Group hf
ICEX:ICEAIR

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Icelandair Group hf
ICEX:ICEAIR
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Price: 0.9 ISK 1.58% Market Closed
Market Cap: kr37B

EV/EBITDA

3.7
Current
2%
More Expensive
vs 3-y average of 3.6

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
3.7
=
Enterprise Value
kr60B
/
EBITDA
$146.5m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
3.7
=
Enterprise Value
kr60B
/
EBITDA
$146.5m

Valuation Scenarios

Icelandair Group hf is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (3.6), the stock would be worth kr0.88 (2% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-99%
Maximum Upside
+44%
Average Downside
17%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 3.7 kr0.9
0%
3-Year Average 3.6 kr0.88
-2%
5-Year Average 3.3 kr0.81
-10%
Industry Average 0 kr0.01
-99%
Country Average 5.3 kr1.3
+44%

Forward EV/EBITDA
Today’s price vs future ebitda

Not enough data available to calculate forward EV/EBITDA

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IS
I
Icelandair Group hf
ICEX:ICEAIR
Average EV/EBITDA: 9
3.7
N/A N/A
VN
V
Vietjet Aviation JSC
VN:VJC
26.3
N/A N/A
VN
V
Vietnam Airlines JSC
VN:HVN
4.8
N/A N/A
RU
Aeroflot-Rossiyskiye Avialinii PAO
MOEX:AFLT
2.4
N/A N/A
MX
Grupo Aeromexico SAB de CV
NYSE:AERO
Negative Multiple: -0.9
-5%
N/A
AU
V
Virgin Australia Holdings Ltd
ASX:VGN
Not Available N/A N/A
RU
A
Aviakompaniya UTair PAO
MOEX:UTAR
5.4
N/A N/A
US
Republic Airways Holdings Inc
NASDAQ:RJET
17.1
N/A N/A
TW
T
Tigerair Taiwan Co Ltd
TWSE:6757
Not Available N/A N/A
IL
I
Israir Group Ltd
TASE:ISRG
3
N/A N/A
CA
V
Volatus Aerospace Inc
NEO:FLT
Negative Multiple: -52.7 N/A N/A
P/E Multiple
Earnings Growth PEG
IS
I
Icelandair Group hf
ICEX:ICEAIR
Average P/E: 16.2
Negative Multiple: -32.5
N/A N/A
VN
V
Vietjet Aviation JSC
VN:VJC
49
N/A N/A
VN
V
Vietnam Airlines JSC
VN:HVN
9.8
N/A N/A
RU
Aeroflot-Rossiyskiye Avialinii PAO
MOEX:AFLT
1.9
N/A N/A
MX
Grupo Aeromexico SAB de CV
NYSE:AERO
11.1
N/A N/A
AU
V
Virgin Australia Holdings Ltd
ASX:VGN
Not Available N/A N/A
RU
A
Aviakompaniya UTair PAO
MOEX:UTAR
Negative Multiple: -26.7 N/A N/A
US
Republic Airways Holdings Inc
NASDAQ:RJET
Negative Multiple: -8.4 N/A N/A
TW
T
Tigerair Taiwan Co Ltd
TWSE:6757
Not Available N/A N/A
IL
I
Israir Group Ltd
TASE:ISRG
9.2
N/A N/A
CA
V
Volatus Aerospace Inc
NEO:FLT
Negative Multiple: -22.8 N/A N/A

Market Distribution

In line with most companies in Iceland
Percentile
47th
Based on 31 companies
47th percentile
3.7
Low
0 — 0.1
Typical Range
0.1 — 11.6
High
11.6 —
Distribution Statistics
Iceland
Min 0
30th Percentile 0.1
Median 5.3
70th Percentile 11.6
Max 430.7

Icelandair Group hf
Glance View

Market Cap
37B ISK
Industry
Airlines

Icelandair Group hf engages in the provision of airline and tourism services. Through its subsidiaries, it is active within the airline and tourism industries. The Company’s activities are divided into three primary business areas: International Flight Operations, Aviation Investments, and Tourism Investments. The International Flight Operations segment is based on the hub-and-spoke concept between Europe and North America via Iceland managing and international route network between the two continents. The Aviation Investment segment includes leasing services, domestic flights and an outgoing tour operator. The Tourism Investments segment manages an incoming tour operator in Iceland. The firm operates mainly in Europe and Northern America.

ICEAIR Intrinsic Value
1.1 ISK
Undervaluation 18%
Intrinsic Value
Price kr0.9
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