Overview Dividends

(LTM) LATAM Airlines S.A. - Ratings and Ratios

Exchange: NYSE • Country: Chile • Currency: USD • Type: Common Stock • ISIN: US51817R2058

Passenger Flights, Cargo Flights

Passenger Airlines
Market Cap in USD: 16,388m

IPO / Inception: 1997-11-07
Return 12m vs S&P 500: 83.2%

EPS (Earnings per Share)

EPS CAGR: 0.06%
EPS Trend: 24.5%

Last SUE: 0.00
Qual. Beats: 0

Revenue

Rev. CAGR: 19.25%
Rev. Trend: 91.9%

Qual. Beats: 0

Dividends

Dividend Yield	4.38%
Yield on Cost 5y	10.35%
Yield CAGR 5y	17.45%
Payout Consistency	100.0%
Payout Ratio	50.1%

Risk via 5d forecast
Volatility	28.4%
Value at Risk 5%th	46.6%
Relative Tail Risk	-0.39%

Reward TTM
Sharpe Ratio	2.50
Alpha	94.59
CAGR/Max DD	4.44

Character TTM
Hurst Exponent	0.595
Beta	0.683
Beta Downside	0.897

Drawdowns 3y
Max DD	19.12%
Mean DD	3.95%
Median DD	2.37%

Description: LTM LATAM Airlines S.A. November 03, 2025

LATAM Airlines Group S.A. (NYSE:LTM) operates passenger and cargo flights across 151 destinations in 27 countries, covering Latin America, the United States, Europe, the Caribbean and Oceania, with a fleet of 347 aircraft as of 31 Dec 2024. The carrier traces its roots to 1929 (originally LAN Airlines) and is headquartered in Santiago, Chile.

Key performance indicators from the most recent FY 2024 filing show a revenue of US$13.2 billion, a load factor of 78 % (up 3 pp YoY), and an average ticket price of US$215. The airline’s cost structure remains heavily influenced by fuel price volatility-fuel accounted for ≈ 30 % of operating expenses in 2024-and by the ongoing debt refinancing that left net debt at US$4.9 billion, representing ≈ 1.5× EBITDA.

Sector drivers that materially affect LATAM include (1) regional GDP growth-Latin America’s real GDP expanded ≈ 2.5 % in 2024, supporting demand for business and leisure travel; (2) the recovery of international tourism to Brazil and Chile, which together generate roughly 30 % of LATAM’s international passenger revenue; and (3) competitive pressure from low-cost carriers (e.g., GOL, Viva Air) that compress yields in the domestic Brazilian market, where LATAM holds a ≈ 35 % market share.

Given LATAM’s exposure to fuel cost swings, debt leverage, and a fragmented competitive landscape, a deeper quantitative assessment of its cash-flow sensitivity to oil price scenarios would be prudent before forming a valuation view. For a data-rich, scenario-based analysis of LATAM’s financial outlook, you may find the ValueRay platform’s airline-specific dashboards useful for extending this initial review.

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income (1.24b TTM) > 0 and > 6% of Revenue (6% = 821.7m TTM)

FCFTA 0.08 (>2.0%) and ΔFCFTA -2.40pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -21.82% (prev -15.71%; Δ -6.10pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.19 (>3.0%) and CFO 3.24b > Net Income 1.24b (YES >=105%, WARN >=100%)

Net Debt (5.59b) to EBITDA (3.36b) ratio: 1.66 <= 3.0 (WARN <= 3.5)

Current Ratio 0.59 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (290.5m) change vs 12m ago -3.89% (target <= -2.0% for YES)

Gross Margin 28.21% (prev 24.19%; Δ 4.01pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 85.03% (prev 83.77%; Δ 1.26pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 2.54 (EBITDA TTM 3.36b / Interest Expense TTM 818.2m) >= 6 (WARN >= 3)

Altman Z'' 0.69

(A) -0.18 = (Total Current Assets 4.37b - Total Current Liabilities 7.35b) / Total Assets 16.99b

(B) 0.26 = Retained Earnings (Balance) 4.50b / Total Assets 16.99b

(D) 0.11 = Book Value of Equity 1.69b / Total Liabilities 15.89b

Total Rating: 0.69 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 78.50

1. Piotroski 6.50pt

2. FCF Yield 6.38%

3. FCF Margin 10.19%

4. Debt/Equity 6.90

5. Debt/Ebitda 1.66

6. ROIC - WACC (= 46.45)%

7. RoE 134.9%

8. Rev. Trend 91.86%

9. EPS Trend 24.49%

What is the price of LTM shares?

As of December 22, 2025, the stock is trading at USD 54.90 with a total of 677,437 shares traded.
Over the past week, the price has changed by +3.12%, over one month by +24.39%, over three months by +18.41% and over the past year by +112.14%.

Is LTM a buy, sell or hold?

LATAM Airlines S.A. has received a consensus analysts rating of 4.17. Therefore, it is recommended to buy LTM.

Strong Buy: 2
Buy: 3
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the LTM price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	57.8	5.3%
Analysts Target Price	57.8	5.3%
ValueRay Target Price	73	32.9%

LTM Fundamental Data Overview December 20, 2025

Market Cap USD = 16.39b (16.39b USD * 1.0 USD.USD)
P/E Trailing = 12.8158
P/E Forward = 10.1729
P/S = 1.1938
P/B = 13.9468
Beta = 1.142
Revenue TTM = 13.69b USD
EBIT TTM = 2.08b USD
EBITDA TTM = 3.36b USD
Long Term Debt = 3.34b USD (from longTermDebt, last quarter)
Short Term Debt = 788.1m USD (from shortTermDebt, last quarter)
Debt = 7.61b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.59b USD (from netDebt column, last quarter)
Enterprise Value = 21.89b USD (16.39b + Debt 7.61b - CCE 2.11b)
Interest Coverage Ratio = 2.54 (Ebit TTM 2.08b / Interest Expense TTM 818.2m)
FCF Yield = 6.38% (FCF TTM 1.40b / Enterprise Value 21.89b)
FCF Margin = 10.19% (FCF TTM 1.40b / Revenue TTM 13.69b)
Net Margin = 9.08% (Net Income TTM 1.24b / Revenue TTM 13.69b)
Gross Margin = 28.21% ((Revenue TTM 13.69b - Cost of Revenue TTM 9.83b) / Revenue TTM)
Gross Margin QoQ = 30.37% (prev 26.25%)
Tobins Q-Ratio = 1.29 (Enterprise Value 21.89b / Total Assets 16.99b)
Interest Expense / Debt = 3.34% (Interest Expense 253.9m / Debt 7.61b)
Taxrate = 15.53% (69.2m / 445.7m)
NOPAT = 1.75b (EBIT 2.08b * (1 - 15.53%))
Current Ratio = 0.59 (Total Current Assets 4.37b / Total Current Liabilities 7.35b)
Debt / Equity = 6.90 (Debt 7.61b / totalStockholderEquity, last quarter 1.10b)
Debt / EBITDA = 1.66 (Net Debt 5.59b / EBITDA 3.36b)
Debt / FCF = 4.01 (Net Debt 5.59b / FCF TTM 1.40b)
Total Stockholder Equity = 922.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.32% (Net Income 1.24b / Total Assets 16.99b)
RoE = 134.9% (Net Income TTM 1.24b / Total Stockholder Equity 922.4m)
RoCE = 48.74% (EBIT 2.08b / Capital Employed (Equity 922.4m + L.T.Debt 3.34b))
RoIC = 53.17% (NOPAT 1.75b / Invested Capital 3.30b)
WACC = 6.72% (E(16.39b)/V(24.00b) * Re(8.53%) + D(7.61b)/V(24.00b) * Rd(3.34%) * (1-Tc(0.16)))
Discount Rate = 8.53% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.96%
[DCF Debug] Terminal Value 68.29% ; FCFE base≈1.48b ; Y1≈974.6m ; Y5≈445.7m
Fair Price DCF = 28.12 (DCF Value 8.07b / Shares Outstanding 287.1m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 24.49 | EPS CAGR: 0.06% | SUE: 0.00 | # QB: 0
Revenue Correlation: 91.86 | Revenue CAGR: 19.25% | SUE: N/A | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.02 | Chg30d=-0.257 | Revisions Net=-1 | Analysts=2
EPS next Year (2026-12-31): EPS=5.36 | Chg30d=+0.057 | Revisions Net=+2 | Growth EPS=+12.9% | Growth Revenue=+7.4%

Additional Sources for LTM Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle