IAG Stock Analysis: International Consolidated | MC

Airlines | MC, Spain | Market Cap: 22.408m EUR | 12M Return: 14.2% | ES0177542018 | Charts, Fundamentals & Technical Analysis

Airline Transportation, Cargo Services, Aircraft Maintenance, Loyalty Rewards
Total Rating 43
Safety 20
Buy Signal -0.31
Airlines
Industry Rotation: -15.8
Market Cap: 26.0B
Avg Turnover: 23.1M
Risk 3d forecast
Volatility32.8%
VaR 5th Pctl5.71%
VaR vs Median5.80%
Reward TTM
Sharpe Ratio0.32
Rel. Str. IBD45.5
Rel. Str. Peer Group82.5
Character TTM
Beta0.944
Beta Downside0.565
Hurst Exponent0.482
Drawdowns 3y
Max DD40.25%
CAGR/Max DD1.12
CAGR/Mean DD6.39
EPS (Earnings per Share) EPS (Earnings per Share) of IAG over the last years for every Quarter: "2021-09": -0.12, "2021-12": -0.05, "2022-03": -0.16, "2022-06": 0.03, "2022-09": 0.17, "2022-12": 0.02, "2023-03": -0.02, "2023-06": 0.19, "2023-09": 0.23, "2023-12": 0.1, "2024-03": -0.02, "2024-06": 0.18, "2024-09": 0.26, "2024-12": 0.131, "2025-03": 0.02, "2025-06": 0.24, "2025-09": 0.29, "2025-12": 0.14, "2026-03": 0.06, "2026-06": 0.18,
EPS CAGR: 20.25%
EPS Trend: 95.5%
Last SUE: 0.00
Qual. Beats: 0
Revenue Revenue of IAG over the last years for every Quarter: 2021-09: 2709, 2021-12: 3534, 2022-03: 3435, 2022-06: 5916, 2022-09: 7329, 2022-12: 6386, 2023-03: 5889, 2023-06: 7694, 2023-09: 8646, 2023-12: 7224, 2024-03: 6429, 2024-06: 8295, 2024-09: 9329, 2024-12: 8047, 2025-03: 7044, 2025-06: 8862, 2025-09: 9328, 2025-12: 17289.135, 2026-03: 7181, 2026-06: 8883,
Rev. CAGR: 16.31%
Rev. Trend: 91.7%
Last SUE: -0.89
Qual. Beats: -1

Warnings

Beneish M-Score Likely Earnings Manipulation
Altman Z'' In Financial Distress Zone
Below Avwap Earnings

Tailwinds

No distinct edge detected

Seasonality 11.6 years of data

Jan -1.0% 5
Feb -1.3% 42
Mar -1.4% 27
Apr +2.4% 19
May -0.3% 5
Jun -3.2% 29
Jul +0.1% 10
Aug -5.0% 37
Sep -3.2% 14
Oct +2.4% 26
Nov +5.0% 26
Dec +0.9% 24

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: IAG International Consolidated

International Consolidated Airlines Group S.A. (IAG) is the parent company of a portfolio of airlines including British Airways, Iberia, Vueling, Aer Lingus, and the IAG Loyalty program. The group provides passenger and cargo transportation services across virtually every major global region, spanning the North Atlantic, Latin America, the Caribbean, Europe, Africa, the Middle East, South Asia, and the Asia Pacific. Operating as a multi-brand holding company is a common structural approach in the airline sector, allowing groups to serve distinct customer segments and price points while sharing costs in areas such as procurement, maintenance, and IT.

Beyond flying passengers and freight, IAGs activities extend across the broader aviation value chain. The group manufactures, repairs, overhauls, and upgrades aircraft and components, and offers a wide range of supporting services including aircraft leasing, ground handling, airport infrastructure development, insurance, tour operations, call centers, and finance. IAG also operates a loyalty rewards currency, an increasingly important revenue stream in the airline industry that generates high-margin ancillary income and deepens customer engagement beyond ticket sales.

IAG was incorporated in 2009 and is headquartered in Harmondsworth, United Kingdom. The company is classified within the Passenger Airlines sub-industry of the GICS Industrials sector, reflecting the capital-intensive nature of the business, which requires significant ongoing investment in fleet assets and is highly exposed to fuel costs, labor agreements, and cyclical demand for air travel.

Headlines to Watch Out For
  • Transatlantic premium leisure demand lifts British Airways ticket revenue
  • Jet fuel costs and currency swings squeeze group margins
  • IAG Loyalty Avios segment expands high-margin recurring revenue
Piotroski VR-10 (Strict) 6.0
Net Income: 4.78b TTM > 0 and > 6% of Revenue
FCF/TA: 0.07 > 0.02 and ΔFCF/TA -1.38 > 1.0
NWC/Revenue: -10.69% < 20% (prev -20.19%; Δ 9.49% < -1%)
CFO/TA 0.14 > 3% & CFO 6.47b > Net Income 4.78b
Net Debt (11.6b) to EBITDA (9.77b): 1.19 < 3
Current Ratio: 0.77 > 1.5 & < 3
Outstanding Shares: last quarter (4.51b) vs 12m ago -11.22% < -2%
Gross Margin: 7.12% > 18% (prev 24.42%; Δ -17.29% > 0.5%)
Asset Turnover: 94.74% > 50% (prev 75.66%; Δ 19.08% > 0%)
Interest Coverage Ratio: 6.64 > 6 (EBIT TTM 7.07b / Interest Expense TTM 1.06b)
Altman Z'' 0.68
A: -0.10 (Total Current Assets 15.2b - Total Current Liabilities 19.7b) / Total Assets 46.1b
B: 0.01 (Retained Earnings 529.8m / Total Assets 46.1b)
C: 0.16 (EBIT TTM 7.07b / Avg Total Assets 45.1b)
D: 0.23 (Book Value of Equity 8.62b / Total Liabilities 37.5b)
Altman-Z'' = 0.68 = B
Beneish M -0.83
DSRI: 0.72 (Receivables 1.64b/1.77b, Revenue 42.7b/33.3b)
GMI: 3.43 (GM 24.42% / 7.12%)
AQI: 1.04 (AQ_t 0.20 / AQ_t-1 0.19)
SGI: 1.28 (Revenue 42.7b / 33.3b)
TATA: -0.04 (NI 4.78b - CFO 6.47b) / TA 46.1b)
Beneish M = -0.83 (Cap -4..+1) = D
What is the price of IAG shares?

As of September 03, 2026, the stock is trading at EUR 4.90 with a total of 8,153,141 shares traded. Over the past week, the price has changed by -4.99%, over one month by -3.34%, over three months by +1.59% and over the past year by +14.16%.

Current recommended Stop Loss: 4.70 (which is 4.1% or 1.8 ATR below the current price).

Is IAG a buy, sell or hold?

International Consolidated has no consensus analysts rating.

International Consolidated (IAG) - Fundamental Data Overview as of 31 August 2026
Market Cap USD = 26.0b (22.4b EUR * 1.1586 EUR.USD)
P/E Trailing = 7.9969
P/E Forward = 8.4175
P/S = 0.6715
P/B = 2.5858
P/EG = 2.6036
Revenue TTM = 42.7b EUR
EBIT TTM = 7.07b EUR
EBITDA TTM = 9.77b EUR
Long Term Debt = 6.44b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.93b EUR (from shortTermDebt, last quarter)
Debt = 20.8b EUR (from shortLongTermDebtTotal, last quarter) + Leases 6.91b
Net Debt = 11.6b EUR (calculated: Debt 20.8b - CCE 9.18b)
Enterprise Value = 34.0b EUR (22.4b + Debt 20.8b - CCE 9.18b)
Interest Coverage Ratio = 6.64 (Ebit TTM 7.07b / Interest Expense TTM 1.06b)
EV/FCF = 11.00x (Enterprise Value 34.0b / FCF TTM 3.09b)
FCF Yield = 9.09% (FCF TTM 3.09b / Enterprise Value 34.0b)
FCF Margin = 7.24% (FCF TTM 3.09b / Revenue TTM 42.7b)
Net Margin = 11.20% (Net Income TTM 4.78b / Revenue TTM 42.7b)
Gross Margin = 7.12% ((Revenue TTM 42.7b - Cost of Revenue TTM 39.6b) / Revenue TTM)
Gross Margin QoQ = -51.92% (prev 13.05%)
Tobins Q-Ratio = 0.74 (Enterprise Value 34.0b / Total Assets 46.1b)
Interest Expense / Debt = 5.13% (Interest Expense 1.06b / Debt 20.8b)
Taxrate = 26.13% (1.69b / 6.47b)
NOPAT = 5.22b (EBIT 7.07b * (1 - 26.13%))
Current Ratio = 0.77 (Total Current Assets 15.2b / Total Current Liabilities 19.7b)
Debt / Equity = 2.41 (Debt 20.8b / totalStockholderEquity, last quarter 8.62b)
Debt / EBITDA = 1.19 (Net Debt 11.6b / EBITDA 9.77b)
Debt / FCF = 3.75 (Net Debt 11.6b / FCF TTM 3.09b)
Total Stockholder Equity = 7.09b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.61% (Net Income 4.78b / Total Assets 46.1b)
RoE = 67.46% (Net Income TTM 4.78b / Total Stockholder Equity 7.09b)
RoCE = 52.25% (EBIT 7.07b / Capital Employed (Equity 7.09b + L.T.Debt 6.44b))
RoIC = 19.93% (NOPAT 5.22b / Invested Capital 26.2b)
WACC = 6.65% (E(22.4b)/V(43.2b) * Re(9.30%) + D(20.8b)/V(43.2b) * Rd(5.13%) * (1-Tc(0.26)))
Discount Rate = 9.30% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -55.07 | Cagr: -3.76%
[DCF] Terminal Value 73.44% ; FCFF base≈3.28b ; Y1≈2.93b ; Y5≈2.45b
[DCF] Fair Price = 6.30 (EV 39.2b - Net Debt 11.6b = Equity 27.6b / Shares 4.38b; r=8.35% [WACC [floored]]; 5y FCF grow -13.10% → 2.50% )
EPS Correlation: 95.46 | EPS CAGR: 20.25% | SUE: 0.0 | # QB: 0
Revenue Correlation: 91.73 | Revenue CAGR: 16.31% | SUE: -0.89 | # QB: -1
EPS current Quarter (2026-09-30): EPS=0.28 | Chg30d=-2.56% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=0.67 | Chg30d=-1.99% | Revisions=+0% | GrowthEPS=-3.1% | GrowthRev=+3.3%
EPS next Year (2027-12-31): EPS=0.79 | Chg30d=-0.86% | Revisions=+0% | GrowthEPS=+17.9% | GrowthRev=+4.8%
[Analyst] Revisions Ratio: +0% (up=5, down=5)