(DAL) Delta Air Lines - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US2473617023

Passenger Flights, Cargo Transport, Aircraft Maintenance, Vacation Packages

Stock: Passenger Airlines
Age 18.7y

MCap 46,582m
Avg Vol 6.23M (443M USD)

Beta 1.871
Volatility 34.23%

EPS (Earnings per Share)

EPS CAGR: 126.72%
EPS Trend: 39.2%

Last SUE: 4.00
Qual. Beats: 2

Revenue

Rev. CAGR: 15.41%
Rev. Trend: 69.9%

Last SUE: 0.23
Qual. Beats: 0

Dividends

Dividend Yield	1.19%
Yield on Cost 5y	1.72%
Yield CAGR 5y	83.85%
Payout Consistency	73.3%
Payout Ratio	8.6%

Risk via 5d forecast
Volatility	34.2%
Value at Risk 5%th	51.4%
Relative Tail Risk	-8.79%

Reward TTM
Sharpe Ratio	0.31
Alpha	-21.39
CAGR/Max DD	0.48

Character TTM
Hurst Exponent	0.548
Beta	1.871
Beta Downside	1.666

Drawdowns 3y
Max DD	47.92%
Mean DD	13.68%
Median DD	12.97%

Description: DAL Delta Air Lines December 04, 2025

Delta Air Lines (NYSE:DAL) operates a global scheduled passenger and cargo network from a domestic hub system anchored in Atlanta, Detroit, Minneapolis-St. Paul, and Salt Lake City, complemented by coastal hubs in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle. Internationally, its presence spans key gateway cities such as Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Santiago, São Paulo, Seoul-Incheon, and Tokyo. The airline sells tickets via its website, the Fly Delta app, and other distribution channels, while also offering aircraft maintenance, engineering services, and vacation packages. Its fleet consists of roughly 1,292 aircraft, and the company’s corporate headquarters remain in Atlanta, Georgia, where it was founded in 1924.

Key performance indicators from the most recent fiscal year show a load factor of about 84%, an operating margin of 7.5%, and a passenger revenue per available seat-mile (PRASM) of $0.14, reflecting a strong recovery in demand post-COVID-19. Delta’s exposure to fuel price volatility remains a material risk, with fuel accounting for roughly 30% of operating expenses; the airline mitigates this through hedging programs that covered approximately 70% of its 2023 fuel consumption. Labor cost inflation, driven by union negotiations and a tight pilot supply, is another sector driver that could compress margins if not managed. The airline’s ancillary revenue stream-primarily from baggage fees and loyalty program partnerships-contributed roughly $2.5 billion, underscoring the importance of non-ticket income in the current competitive landscape.

For a deeper quantitative view of Delta’s valuation and risk profile, you might explore its metrics on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 4.5

Net Income (5.01b TTM) > 0 and > 6% of Revenue (6% = 3.80b TTM)

FCFTA 0.05 (>2.0%) and ΔFCFTA 0.90pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -26.36% (prev -27.30%; Δ 0.94pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.10 (>3.0%) and CFO 8.34b > Net Income 5.01b (YES >=105%, WARN >=100%)

Net Debt (16.77b) to EBITDA (9.63b) ratio: 1.74 <= 3.0 (WARN <= 3.5)

Current Ratio 0.40 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (656.0m) change vs 12m ago 0.61% (target <= -2.0% for YES)

Gross Margin 24.53% (prev 26.86%; Δ -2.33pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 80.95% (prev 81.78%; Δ -0.84pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 9.69 (EBITDA TTM 9.63b / Interest Expense TTM 679.0m) >= 6 (WARN >= 3)

Altman Z'' 0.06

(A) -0.21 = (Total Current Assets 10.97b - Total Current Liabilities 27.67b) / Total Assets 81.19b

(B) 0.15 = Retained Earnings (Balance) 12.13b / Total Assets 81.19b

(D) 0.34 = Book Value of Equity 20.75b / Total Liabilities 60.43b

Total Rating: 0.06 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 75.43

1. Piotroski 4.50pt

2. FCF Yield 6.06%

3. FCF Margin 6.06%

4. Debt/Equity 1.02

5. Debt/Ebitda 1.74

6. ROIC - WACC (= 7.50)%

7. RoE 27.63%

8. Rev. Trend 69.87%

9. EPS Trend 39.20%

What is the price of DAL shares?

As of January 19, 2026, the stock is trading at USD 70.43 with a total of 6,327,980 shares traded.
Over the past week, the price has changed by -2.60%, over one month by -1.00%, over three months by +16.61% and over the past year by +7.70%.

Is DAL a buy, sell or hold?

Delta Air Lines has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy DAL.

Strong Buy: 16
Buy: 5
Hold: 2
Sell: 1
Strong Sell: 0

What are the forecasts/targets for the DAL price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	81.4	15.6%
Analysts Target Price	81.4	15.6%
ValueRay Target Price	77.1	9.5%

DAL Fundamental Data Overview January 17, 2026

P/E Trailing = 9.3133
P/E Forward = 9.7752
P/S = 0.7352
P/B = 2.2446
P/EG = 39.2935
Revenue TTM = 63.36b USD
EBIT TTM = 6.58b USD
EBITDA TTM = 9.63b USD
Long Term Debt = 12.51b USD (from longTermDebt, last quarter)
Short Term Debt = 3.22b USD (from shortTermDebt, last quarter)
Debt = 21.08b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 16.77b USD (from netDebt column, last quarter)
Enterprise Value = 63.36b USD (46.58b + Debt 21.08b - CCE 4.31b)
Interest Coverage Ratio = 9.69 (Ebit TTM 6.58b / Interest Expense TTM 679.0m)
EV/FCF = 16.49x (Enterprise Value 63.36b / FCF TTM 3.84b)
FCF Yield = 6.06% (FCF TTM 3.84b / Enterprise Value 63.36b)
FCF Margin = 6.06% (FCF TTM 3.84b / Revenue TTM 63.36b)
Net Margin = 7.90% (Net Income TTM 5.01b / Revenue TTM 63.36b)
Gross Margin = 24.53% ((Revenue TTM 63.36b - Cost of Revenue TTM 47.82b) / Revenue TTM)
Gross Margin QoQ = 22.36% (prev 23.48%)
Tobins Q-Ratio = 0.78 (Enterprise Value 63.36b / Total Assets 81.19b)
Interest Expense / Debt = 0.74% (Interest Expense 157.0m / Debt 21.08b)
Taxrate = 19.43% (294.0m / 1.51b)
NOPAT = 5.30b (EBIT 6.58b * (1 - 19.43%))
Current Ratio = 0.40 (Total Current Assets 10.97b / Total Current Liabilities 27.67b)
Debt / Equity = 1.02 (Debt 21.08b / totalStockholderEquity, last quarter 20.75b)
Debt / EBITDA = 1.74 (Net Debt 16.77b / EBITDA 9.63b)
Debt / FCF = 4.37 (Net Debt 16.77b / FCF TTM 3.84b)
Total Stockholder Equity = 18.12b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.40% (Net Income 5.01b / Total Assets 81.19b)
RoE = 27.63% (Net Income TTM 5.01b / Total Stockholder Equity 18.12b)
RoCE = 21.49% (EBIT 6.58b / Capital Employed (Equity 18.12b + L.T.Debt 12.51b))
RoIC = 16.44% (NOPAT 5.30b / Invested Capital 32.25b)
WACC = 8.94% (E(46.58b)/V(67.67b) * Re(12.72%) + D(21.08b)/V(67.67b) * Rd(0.74%) * (1-Tc(0.19)))
Discount Rate = 12.72% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.93%
[DCF Debug] Terminal Value 78.26% ; FCFF base≈3.46b ; Y1≈4.27b ; Y5≈7.27b
Fair Price DCF = 132.1 (EV 103.01b - Net Debt 16.77b = Equity 86.24b / Shares 653.0m; r=8.94% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 39.20 | EPS CAGR: 126.7% | SUE: 4.0 | # QB: 2
Revenue Correlation: 69.87 | Revenue CAGR: 15.41% | SUE: 0.23 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.71 | Chg30d=+0.024 | Revisions Net=+1 | Analysts=19
EPS current Year (2026-12-31): EPS=7.19 | Chg30d=+0.033 | Revisions Net=+6 | Growth EPS=+23.5% | Growth Revenue=+3.2%
EPS next Year (2027-12-31): EPS=8.20 | Chg30d=+0.137 | Revisions Net=-1 | Growth EPS=+12.1% | Growth Revenue=+5.9%

Additional Sources for DAL Stock

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