IAG: We Initiate Coverage With No Moat; Strong Demand Supports Our Fair Value Estimate
IAG is a European network airline utilizing a hub-and-spoke model with major hubs in London Heathrow, London Gatwick, Madrid, Barcelona, and Dublin.
International Consolidated Airlines Group SA IAG
Bulls Say, Bears Say
Bulls
The group's higher margins and lower debt levels afford it more flexibility than peers to deal with the current downturn.
Bears
The group’s high exposure to high-margin business travel may see margins come under pressure if business-related travel stays persistently below pre-covid-19 levels.
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Trading Information
- Previous Close Price
- GBX 208.10
- Day Range
- GBX 207.60–211.10
- 52-Week Range
- GBX 130.89–211.10
- Bid/Ask
- GBX 210.80 / GBX 210.90
- Market Cap
- GBX 1.03 Tril
- Volume/Avg
- 3.9 Mil / 20.0 Mil
Key Statistics
- Price/Earnings (Normalized)
- 2.43
- Price/Sales
- 0.42
- Dividend Yield (Trailing)
- 1.22%
- Dividend Yield (Forward)
- 2.43%
- Total Yield
- 1.32%
Company Profile
International Consolidated Airlines Group SA is a European airline group flying under the British Airways, Iberia, Aer Lingus, and Vueling brands. The group's main airport hubs are London Heathrow, London Gatwick, Madrid, Barcelona, and Dublin. Geographically, it derives a majority of its revenue from the United Kingdom. The group has determined its operating segments as British Airways, Iberia, Vueling, Aer Lingus and IAG Loyalty.
- Sector
- Industrials
- Industry
- Airlines
- Stock Style Box
- Mid Value
- Total Number of Employees
- 72,783
- Website
- https://www.iairgroup.com
Competitors
Valuation
|
Metric
|
IAG
|
EZJ
|
RYA
|
|---|---|---|---|
Price/Earnings (Normalized) | 2.43 | 9.43 | 12.09 |
Price/Book Value | 2.53 | 1.66 | 2.46 |
Price/Sales | 0.42 | 0.46 | 1.45 |
Price/Cash Flow | 2.27 | 3.31 | 7.04 |
Price/Earnings
IAG
EZJ
RYA
Financial Strength
|
Metric
|
IAG
|
EZJ
|
RYA
|
|---|---|---|---|
Quick Ratio | 0.57 | 0.80 | 0.65 |
Current Ratio | 0.70 | 1.03 | 0.93 |
Interest Coverage | 3.35 | 3.53 | — |
Quick Ratio
IAG
EZJ
RYA
Profitability
|
Metric
|
IAG
|
EZJ
|
RYA
|
|---|---|---|---|
Return on Assets (Normalized) | 6.26% | 3.71% | 9.48% |
Return on Equity (Normalized) | 75.91% | 16.30% | 20.03% |
Return on Invested Capital (Normalized) | 15.39% | 6.96% | 14.23% |
Return on Assets
IAG
EZJ
RYA
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United States