Finnair
2.155
EUR
-0.37 %
FIA1S
NASDAQ Helsinki
Transport & Logistics
Industrials
13,301 following
-0.37%
-9.47%
-6.93%
-25.32%
-45.87%
-58.17%
-80.58%
-88.22%
-86.73%
investors.finnair.com
Finnair is a Finnish airline. The company offers a wide range of destinations to and from Europe, and to a large part of the world's continents. The flights are mainly found around the Nordic countries, Europe and Asia. In addition to regular flights, long-haul flights are offered. The company was founded in 1923 and is headquartered in Vantaa, Finland.
P/E (adj.) (24e)
7.96
EV/EBIT (adj.) (24e)
10.33
P/B (24e)
0.7
Dividend yield-% (24e)
2.32 %
Target price
2.50 EUR
Recommendation
Reduce
Updated
29.10.2024
NASDAQ Helsinki
FIA1S
Daily low / high price
2.134 / 2.205
EUR
Market cap
441.27M EUR
Turnover
342.64K EUR
Volume
158K
Business risk
Valuation risk
Current
Previous
Analyst
Antti Viljakainen
Head of Research
Latest videos
Financial calendar
Annual report
13.02.2025
General meeting
27.03.2025
Interim report
29.04.2025
Interim report
16.07.2025
Interim report
30.10.2025
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 829.2 | 838.4 | 2,356.6 | 2,988.5 | 3,028.9 | 3,119.6 | 3,177.5 | 3,295.2 |
| growth-% | -73.2 % | 1.1 % | 181.1 % | 26.8 % | 1.4 % | 3.0 % | 1.9 % | 3.7 % |
| EBITDA | -120.7 | -134.6 | 149.2 | 537.6 | 459.8 | 489.5 | 502.7 | 506.9 |
| EBIT (adj.) | -595.3 | -469.9 | -163.9 | 184.0 | 132.4 | 159.0 | 176.0 | 184.0 |
| EBIT | -464.5 | -454.4 | -200.6 | 191.4 | 131.0 | 159.0 | 176.0 | 184.0 |
| Profit before taxes | -654.3 | -581.9 | -370.7 | 119.1 | 67.7 | 83.3 | 97.6 | 104.0 |
| Net income | -540.8 | -480.7 | -492.5 | 241.2 | 54.1 | 66.6 | 78.1 | 83.2 |
| EPS (adj.) | -0.50 | -0.35 | -0.33 | 0.00 | 0.27 | 0.33 | 0.38 | 0.41 |
| growth-% | -199.9 % | 5,336.4 % | 20.5 % | 17.2 % | 6.6 % | |||
| Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.08 | 0.10 | 0.10 |
| Dividend ratio | 18.9 % | 24.5 % | 26.1 % | 25.0 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | -14.6 % | -16.1 % | 6.3 % | 18.0 % | 15.2 % | 15.7 % | 15.8 % | 15.4 % |
| EBIT-% (adj.) | -71.8 % | -56.0 % | -7.0 % | 6.2 % | 4.4 % | 5.1 % | 5.5 % | 5.6 % |
| EBIT-% | -56.0 % | -54.2 % | -8.5 % | 6.4 % | 4.3 % | 5.1 % | 5.5 % | 5.6 % |
| ROE | -58.1 % | -70.1 % | -111.1 % | 48.8 % | 9.0 % | 10.1 % | 10.9 % | 10.7 % |
| ROI | -16.5 % | -14.3 % | -6.3 % | 6.8 % | 5.1 % | 7.1 % | 8.0 % | 8.3 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 0.76 | 0.60 | 0.39 | 0.04 | 2.15 | 2.15 | 2.15 | 2.15 |
| Shares | 1,407.4 | 1,407.4 | 1,407.4 | 20,421.1 | 204.2 | 204.2 | 204.2 | 204.2 |
| Market cap | 1,069.6 | 844.4 | 548.9 | 816.8 | 440.0 | 440.0 | 440.0 | 440.0 |
| Enterprise value | 2,624.6 | 2,588.2 | 2,253.6 | 1,920.4 | 1,368.3 | 1,199.4 | 1,059.4 | 1,055.2 |
| EV/S | 3.2 | 3.1 | 1.0 | 0.6 | 0.5 | 0.4 | 0.3 | 0.3 |
| EV/EBITDA | - | - | 15.1 | 3.6 | 3.0 | 2.5 | 2.1 | 2.1 |
| EV/EBIT (adj.) | - | - | - | 10.4 | 10.3 | 7.5 | 6.0 | 5.7 |
| EV/EBIT | - | - | - | 10.0 | 10.4 | 7.5 | 6.0 | 5.7 |
| P/E (adj.) | - | - | - | 8.0 | 8.0 | 6.6 | 5.6 | 5.3 |
| P/E | - | - | - | 3.4 | 8.1 | 6.6 | 5.6 | 5.3 |
| P/B | 1.2 | 1.8 | 1.3 | 1.4 | 0.7 | 0.6 | 0.6 | 0.5 |
| P/S | 1.3 | 1.0 | 0.2 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 |
| Dividend yield | 2.3 % | 3.7 % | 4.6 % | 4.7 % | ||||
| Equity ratio | 24.6 % | 11.8 % | 9.9 % | 15.6 % | 17.0 % | 18.9 % | 21.0 % | 22.1 % |
| Gearing ratio | 151.1 % | 324.4 % | 269.0 % | 191.3 % | 147.1 % | 110.5 % | 82.7 % | 75.8 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 727.2 | 2,988.5 | 681.5 | 766.1 | 818.3 | 763.0 | 3,028.9 | ||
| EBITDA | 125.3 | 537.6 | 65.6 | 124.7 | 158.5 | 111.0 | 459.8 | ||
| EBIT | 27.3 | 191.4 | -17.2 | 42.5 | 76.7 | 29.0 | 131.0 | ||
| Profit before taxes | 16.4 | 119.1 | -37.6 | 22.6 | 71.6 | 11.0 | 67.7 | ||
| Net income | 60.2 | 241.2 | -29.9 | 18.0 | 57.3 | 8.8 | 54.1 |
ShowingAll content types
Finnair Oyj, Interim Report for January–September 2024
Finnair's financial calendar and AGM in 2025
Join Inderes community
Don't miss out - create an account and get all the possible benefits
Inderes account
Followings and notifications on followed companies
Analyst comments and recommendations
Stock comparison tool & other popular tools
Finnair Group Interim Report 1 January - 30 September 2024
Finnair Traffic Performance in September 2024
Finnair strengthens customer and revenue focus with Executive Board appointments
Finnair Traffic Performance in August 2024
Finnair Plc - Managers' Transactions - Kuusisto
Composition of Finnair's Shareholders' Nomination Board
Finnair Traffic Performance in July 2024
