(IAG) International Consolidated - Overview
Sector: Industrials | Industry: Airlines | Exchange: MC (Spain) | Market Cap: 21.267m EUR | Total Return: 26.5% in 12m
Avg Turnover: 43.0M
EPS Trend: 96.6%
Qual. Beats: 1
Rev. Trend: 90.8%
Qual. Beats: 0
Warnings
Altman Z'' 0.34 < 1.0 - financial distress zone
Choppy
Tailwinds
No distinct edge detected
International Consolidated Airlines Group S.A. (IAG) is a global airline holding company operating through major brands including British Airways, Iberia, Vueling, and Aer Lingus. The company manages a diversified network covering the North Atlantic, Europe, and Latin America, providing both passenger transport and air cargo services. Beyond flight operations, IAG maintains an integrated business model that includes aircraft maintenance, repair, and overhaul (MRO) services, as well as the management of loyalty reward currencies.
IAG operates within the hub-and-spoke model for its flag carriers while utilizing low-cost carrier frameworks for its shorter-haul segments. The passenger airline sector is highly capital-intensive, requiring significant investment in fleet modernization to manage fuel efficiency and regulatory compliance. You can further analyze these operational metrics and valuation trends on ValueRay.
- Transatlantic travel demand fuels British Airways and Aer Lingus revenue growth
- Fluctuations in global jet fuel prices impact core operating margins
- EU and UK carbon emission regulations increase long-term compliance costs
- Strategic expansion of Iberia in Latin American markets drives passenger volume
- IAG Loyalty segment growth provides high-margin recurring cash flow streams
| Net Income: 4.87b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -0.92 > 1.0 |
| NWC/Revenue: -13.01% < 20% (prev -12.76%; Δ -0.25% < -1%) |
| CFO/TA 0.15 > 3% & CFO 6.47b > Net Income 4.87b |
| Net Debt (18.6b) to EBITDA (9.88b): 1.88 < 3 |
| Current Ratio: 0.70 > 1.5 & < 3 |
| Outstanding Shares: last quarter (4.96b) vs 12m ago 4.31% < -2% |
| Gross Margin: 23.13% > 18% (prev 0.24%; Δ 2.29k% > 0.5%) |
| Asset Turnover: 98.39% > 50% (prev 74.68%; Δ 23.70% > 0%) |
| Interest Coverage Ratio: 6.62 > 6 (EBITDA TTM 9.88b / Interest Expense TTM 1.08b) |
| A: -0.13 (Total Current Assets 13.0b - Total Current Liabilities 18.6b) / Total Assets 42.9b |
| B: 0.01 (Retained Earnings 529.8m / Total Assets 42.9b) |
| C: 0.17 (EBIT TTM 7.18b / Avg Total Assets 43.4b) |
| D: 0.04 (Book Value of Equity 1.26b / Total Liabilities 35.3b) |
| Altman-Z'' = 0.34 = B |
| DSRI: 1.04 (Receivables 3.92b/2.90b, Revenue 42.7b/32.7b) |
| GMI: 1.02 (GM 23.13% / 23.58%) |
| AQI: 1.14 (AQ_t 0.20 / AQ_t-1 0.17) |
| SGI: 1.30 (Revenue 42.7b / 32.7b) |
| TATA: -0.04 (NI 4.87b - CFO 6.47b) / TA 42.9b) |
| Beneish M = -2.71 (Cap -4..+1) = A |
As of May 29, 2026, the stock is trading at EUR 4.92 with a total of 6,951,365 shares traded.
Over the past week, the price has changed by +8.66%,
over one month by +14.81%,
over three months by +1.86% and
over the past year by +26.48%.
International Consolidated has no consensus analysts rating.
P/E Trailing = 6.6194
P/E Forward = 7.837
P/S = 0.6377
P/B = 2.8028
P/EG = 2.6036
Revenue TTM = 42.7b EUR
EBIT TTM = 7.18b EUR
EBITDA TTM = 9.88b EUR
Long Term Debt = 5.62b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 3.05b EUR (from shortTermDebt, last fiscal year)
Debt = 26.9b EUR (from shortLongTermDebtTotal, last fiscal year) + Leases 7.00b
Net Debt = 18.6b EUR (calculated: Debt 26.9b - CCE 8.33b)
Enterprise Value = 39.8b EUR (21.3b + Debt 26.9b - CCE 8.33b)
Interest Coverage Ratio = 6.62 (Ebit TTM 7.18b / Interest Expense TTM 1.08b)
EV/FCF = 12.89x (Enterprise Value 39.8b / FCF TTM 3.09b)
FCF Yield = 7.76% (FCF TTM 3.09b / Enterprise Value 39.8b)
FCF Margin = 7.24% (FCF TTM 3.09b / Revenue TTM 42.7b)
Net Margin = 11.41% (Net Income TTM 4.87b / Revenue TTM 42.7b)
Gross Margin = 23.13% ((Revenue TTM 42.7b - Cost of Revenue TTM 32.8b) / Revenue TTM)
Gross Margin QoQ = 13.05% (prev 24.03%)
Tobins Q-Ratio = 0.93 (Enterprise Value 39.8b / Total Assets 42.9b)
Interest Expense / Debt = 4.03% (Interest Expense 1.08b / Debt 26.9b)
Taxrate = 28.67% (121.0m / 422.0m)
NOPAT = 5.12b (EBIT 7.18b * (1 - 28.67%))
Current Ratio = 0.70 (Total Current Assets 13.0b / Total Current Liabilities 18.6b)
Debt / Equity = 3.54 (Debt 26.9b / totalStockholderEquity, last fiscal year 7.60b)
Debt / EBITDA = 1.88 (Net Debt 18.6b / EBITDA 9.88b)
Debt / FCF = 6.01 (Net Debt 18.6b / FCF TTM 3.09b)
Total Stockholder Equity = 6.47b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.22% (Net Income 4.87b / Total Assets 42.9b)
RoE = 75.17% (Net Income TTM 4.87b / Total Stockholder Equity 6.47b)
RoCE = 59.35% (EBIT 7.18b / Capital Employed (Equity 6.47b + L.T.Debt 5.62b))
RoIC = 18.82% (NOPAT 5.12b / Invested Capital 27.2b)
WACC = 5.63% (E(21.3b)/V(48.2b) * Re(9.12%) + D(26.9b)/V(48.2b) * Rd(4.03%) * (1-Tc(0.29)))
Discount Rate = 9.12% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -42.22 | Cagr: -2.69%
[DCF] Terminal Value 73.44% ; FCFF base≈3.28b ; Y1≈2.93b ; Y5≈2.45b
[DCF] Fair Price = 4.63 (EV 39.2b - Net Debt 18.6b = Equity 20.6b / Shares 4.46b; r=8.35% [WACC [floored]]; 5y FCF grow -13.10% → 2.50% )
EPS Correlation: 96.64 | EPS CAGR: 25.15% | SUE: 1.18 | # QB: 1
Revenue Correlation: 90.78 | Revenue CAGR: 15.14% | SUE: 0.03 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.18 | Chg30d=N/A | Revisions=N/A | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.27 | Chg30d=N/A | Revisions=N/A | Analysts=2
EPS current Year (2026-12-31): EPS=0.69 | Chg30d=-6.76% | Revisions=-43% | GrowthEPS=-0.3% | GrowthRev=+3.9%
EPS next Year (2027-12-31): EPS=0.80 | Chg30d=-1.38% | Revisions=-14% | GrowthEPS=+14.9% | GrowthRev=+4.3%
[Analyst] Revisions Ratio: -43%