Icelandair Group hf
ICEX:ICEAIR
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P/FCFE
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.
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.
Valuation Scenarios
If P/FCFE returns to its 3-Year Average (0.9), the stock would be worth kr0.19 (75% downside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 3.6 | kr0.78 |
0%
|
| 3-Year Average | 0.9 | kr0.19 |
-75%
|
| Industry Average | 3.1 | kr0.67 |
-14%
|
| Country Average | 17.5 | kr3.82 |
+392%
|
Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| IS |
I
|
Icelandair Group hf
ICEX:ICEAIR
|
31.9B ISK | 3.6 | -28 | |
| VN |
V
|
Vietjet Aviation JSC
VN:VJC
|
106.5T VND | -17.2 | 50.2 | |
| VN |
V
|
Vietnam Airlines JSC
VN:HVN
|
70.3T VND | 29.5 | 9.8 | |
| RU |
|
Aeroflot-Rossiyskiye Avialinii PAO
MOEX:AFLT
|
184.8B RUB | -9.8 | 1.8 | |
| MX |
|
Grupo Aeromexico SAB de CV
NYSE:AERO
|
1.8B USD | 0.1 | 10.4 | |
| AU |
V
|
Virgin Australia Holdings Ltd
ASX:VGN
|
1.7B AUD | 0 | 0 | |
| RU |
A
|
Aviakompaniya UTair PAO
MOEX:UTAR
|
86.3B RUB | -23.1 | -24.8 | |
| US |
|
Republic Airways Holdings Inc
NASDAQ:RJET
|
856.1m USD | -3.5 | -8.3 | |
| TW |
T
|
Tigerair Taiwan Co Ltd
TWSE:6757
|
22.8B TWD | 0 | 0 | |
| IL |
I
|
Israir Group Ltd
TASE:ISRG
|
380.8m ILS | -59.3 | 9.3 | |
| CA |
V
|
Volatus Aerospace Inc
NEO:FLT
|
434.4m CAD | -30.7 | -20.3 |
Market Distribution
| Min | 3 |
| 30th Percentile | 10.7 |
| Median | 17.5 |
| 70th Percentile | 22.1 |
| Max | 109 |
Other Multiples
Icelandair Group hf
Glance View
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.
