(AF) Air France-KLM - Overview
Exchange: PA •
Country: France •
Currency: EUR •
Type: Common Stock •
ISIN: FR001400J770
Stock: Passenger Flights, Cargo Transport, Aircraft Maintenance, Component Services
Total Rating 48
Risk 34
Buy Signal 0.08
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 43.9% |
| Relative Tail Risk | -11.3% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.89 |
| Alpha | 41.21 |
| Character TTM | |
|---|---|
| Beta | 0.144 |
| Beta Downside | 0.238 |
| Drawdowns 3y | |
|---|---|
| Max DD | 61.88% |
| CAGR/Max DD | -0.20 |
Description: AF Air France-KLM January 11, 2026
Air France-KLM SA (ticker AF) is a global airline group that offers passenger and cargo services through its Air France, KLM, and Transavia brands, complemented by a Maintenance segment that provides airframe, engine, and component support. The business is organized into Network, Maintenance, Transavia, and Other segments and operates across Europe, Africa, the Americas, the Middle East, and Asia, with its headquarters in Paris.
Key recent metrics (FY 2023) include €44.5 billion in revenue, a consolidated load factor of 78 %-still below the pre-pandemic 82 % average-and a fleet of roughly 300 aircraft, of which 70 % are narrow-body types. The group’s cost structure is heavily influenced by fuel price volatility (CASK rose 12 % YoY as jet fuel averaged $1.15 / gal) and labor negotiations in France and the Netherlands, while the ongoing rollout of more fuel-efficient A320neo family jets is expected to improve operating margins over the next three years.
For a deeper quantitative breakdown, you might explore the companys metrics on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 962.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 7.83 > 1.0 |
| NWC/Revenue: -17.69% < 20% (prev -18.98%; Δ 1.28% < -1%) |
| CFO/TA 0.13 > 3% & CFO 4.88b > Net Income 962.0m |
| Net Debt (11.49b) to EBITDA (5.30b): 2.17 < 3 |
| Current Ratio: 0.65 > 1.5 & < 3 |
| Outstanding Shares: last quarter (282.6m) vs 12m ago 7.60% < -2% |
| Gross Margin: 20.02% > 18% (prev 0.15%; Δ 1987 % > 0.5%) |
| Asset Turnover: 89.06% > 50% (prev 88.80%; Δ 0.26% > 0%) |
| Interest Coverage Ratio: 3.70 > 6 (EBITDA TTM 5.30b / Interest Expense TTM 615.0m) |
Altman Z'' -1.60
| A: -0.15 (Total Current Assets 10.98b - Total Current Liabilities 16.77b) / Total Assets 38.53b |
| B: -0.24 (Retained Earnings -9.29b / Total Assets 38.53b) |
| C: 0.06 (EBIT TTM 2.27b / Avg Total Assets 36.72b) |
| D: -0.24 (Book Value of Equity -9.02b / Total Liabilities 37.90b) |
| Altman-Z'' Score: -1.60 = D |
Beneish M -3.38
| DSRI: 1.05 (Receivables 2.46b/2.22b, Revenue 32.70b/30.99b) |
| GMI: 0.75 (GM 20.02% / 14.98%) |
| AQI: 0.83 (AQ_t 0.09 / AQ_t-1 0.11) |
| SGI: 1.06 (Revenue 32.70b / 30.99b) |
| TATA: -0.10 (NI 962.0m - CFO 4.88b) / TA 38.53b) |
| Beneish M-Score: -3.38 (Cap -4..+1) = AA |
What is the price of AF shares?
As of February 07, 2026, the stock is trading at EUR 12.06 with a total of 3,820,231 shares traded.
Over the past week, the price has changed by +11.52%, over one month by -0.66%, over three months by +20.49% and over the past year by +46.12%.
Over the past week, the price has changed by +11.52%, over one month by -0.66%, over three months by +20.49% and over the past year by +46.12%.
Is AF a buy, sell or hold?
Air France-KLM has no consensus analysts rating.
What are the forecasts/targets for the AF price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 11.6 | -3.8% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 12.7 | 5.5% |
AF Fundamental Data Overview February 03, 2026
Market Cap USD = 3.35b (2.84b EUR * 1.1801 EUR.USD)
P/E Trailing = 3.3262
P/E Forward = 2.9976
P/S = 0.0868
P/B = 36.5994
P/EG = 0.1277
Revenue TTM = 32.70b EUR
EBIT TTM = 2.27b EUR
EBITDA TTM = 5.30b EUR
Long Term Debt = 3.73b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 2.52b EUR (from shortTermDebt, last quarter)
Debt = 16.50b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 11.49b EUR (from netDebt column, last quarter)
Enterprise Value = 14.33b EUR (2.84b + Debt 16.50b - CCE 5.01b)
Interest Coverage Ratio = 3.70 (Ebit TTM 2.27b / Interest Expense TTM 615.0m)
EV/FCF = 19.40x (Enterprise Value 14.33b / FCF TTM 739.0m)
FCF Yield = 5.16% (FCF TTM 739.0m / Enterprise Value 14.33b)
FCF Margin = 2.26% (FCF TTM 739.0m / Revenue TTM 32.70b)
Net Margin = 2.94% (Net Income TTM 962.0m / Revenue TTM 32.70b)
Gross Margin = 20.02% ((Revenue TTM 32.70b - Cost of Revenue TTM 26.15b) / Revenue TTM)
Gross Margin QoQ = 19.01% (prev 25.68%)
Tobins Q-Ratio = 0.37 (Enterprise Value 14.33b / Total Assets 38.53b)
Interest Expense / Debt = 0.92% (Interest Expense 152.0m / Debt 16.50b)
Taxrate = 28.25% (302.0m / 1.07b)
NOPAT = 1.63b (EBIT 2.27b * (1 - 28.25%))
Current Ratio = 0.65 (Total Current Assets 10.98b / Total Current Liabilities 16.77b)
Debt / Equity = -11.06 (negative equity) (Debt 16.50b / totalStockholderEquity, last quarter -1.49b)
Debt / EBITDA = 2.17 (Net Debt 11.49b / EBITDA 5.30b)
Debt / FCF = 15.55 (Net Debt 11.49b / FCF TTM 739.0m)
Total Stockholder Equity = -1.50b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.62% (Net Income 962.0m / Total Assets 38.53b)
RoE = -63.95% (negative equity) (Net Income TTM 962.0m / Total Stockholder Equity -1.50b)
RoCE = 102.4% (EBIT 2.27b / Capital Employed (Equity -1.50b + L.T.Debt 3.73b))
RoIC = 421.2% (NOPAT 1.63b / Invested Capital 387.3m)
WACC = 1.51% (E(2.84b)/V(19.34b) * Re(6.45%) + D(16.50b)/V(19.34b) * Rd(0.92%) * (1-Tc(0.28)))
Discount Rate = 6.45% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 23.10%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈739.0m ; Y1≈485.1m ; Y5≈221.3m
Fair Price DCF = N/A (negative equity: EV 7.05b - Net Debt 11.49b = -4.44b; debt exceeds intrinsic value)
EPS Correlation: 15.81 | EPS CAGR: 10.08% | SUE: -1.74 | # QB: 0
Revenue Correlation: 70.79 | Revenue CAGR: 18.74% | SUE: -0.83 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-1.29 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=3.78 | Chg30d=-0.337 | Revisions Net=+2 | Growth EPS=+6.4% | Growth Revenue=+4.5%
P/E Trailing = 3.3262
P/E Forward = 2.9976
P/S = 0.0868
P/B = 36.5994
P/EG = 0.1277
Revenue TTM = 32.70b EUR
EBIT TTM = 2.27b EUR
EBITDA TTM = 5.30b EUR
Long Term Debt = 3.73b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 2.52b EUR (from shortTermDebt, last quarter)
Debt = 16.50b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 11.49b EUR (from netDebt column, last quarter)
Enterprise Value = 14.33b EUR (2.84b + Debt 16.50b - CCE 5.01b)
Interest Coverage Ratio = 3.70 (Ebit TTM 2.27b / Interest Expense TTM 615.0m)
EV/FCF = 19.40x (Enterprise Value 14.33b / FCF TTM 739.0m)
FCF Yield = 5.16% (FCF TTM 739.0m / Enterprise Value 14.33b)
FCF Margin = 2.26% (FCF TTM 739.0m / Revenue TTM 32.70b)
Net Margin = 2.94% (Net Income TTM 962.0m / Revenue TTM 32.70b)
Gross Margin = 20.02% ((Revenue TTM 32.70b - Cost of Revenue TTM 26.15b) / Revenue TTM)
Gross Margin QoQ = 19.01% (prev 25.68%)
Tobins Q-Ratio = 0.37 (Enterprise Value 14.33b / Total Assets 38.53b)
Interest Expense / Debt = 0.92% (Interest Expense 152.0m / Debt 16.50b)
Taxrate = 28.25% (302.0m / 1.07b)
NOPAT = 1.63b (EBIT 2.27b * (1 - 28.25%))
Current Ratio = 0.65 (Total Current Assets 10.98b / Total Current Liabilities 16.77b)
Debt / Equity = -11.06 (negative equity) (Debt 16.50b / totalStockholderEquity, last quarter -1.49b)
Debt / EBITDA = 2.17 (Net Debt 11.49b / EBITDA 5.30b)
Debt / FCF = 15.55 (Net Debt 11.49b / FCF TTM 739.0m)
Total Stockholder Equity = -1.50b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.62% (Net Income 962.0m / Total Assets 38.53b)
RoE = -63.95% (negative equity) (Net Income TTM 962.0m / Total Stockholder Equity -1.50b)
RoCE = 102.4% (EBIT 2.27b / Capital Employed (Equity -1.50b + L.T.Debt 3.73b))
RoIC = 421.2% (NOPAT 1.63b / Invested Capital 387.3m)
WACC = 1.51% (E(2.84b)/V(19.34b) * Re(6.45%) + D(16.50b)/V(19.34b) * Rd(0.92%) * (1-Tc(0.28)))
Discount Rate = 6.45% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 23.10%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈739.0m ; Y1≈485.1m ; Y5≈221.3m
Fair Price DCF = N/A (negative equity: EV 7.05b - Net Debt 11.49b = -4.44b; debt exceeds intrinsic value)
EPS Correlation: 15.81 | EPS CAGR: 10.08% | SUE: -1.74 | # QB: 0
Revenue Correlation: 70.79 | Revenue CAGR: 18.74% | SUE: -0.83 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-1.29 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=3.78 | Chg30d=-0.337 | Revisions Net=+2 | Growth EPS=+6.4% | Growth Revenue=+4.5%