Company Valuation: Alaska Air Group, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 6,529 5,446 5,003 8,220 5,834 4,820 - -
Change - -16.58% -8.14% 64.29% -29.02% -17.38% - -
Enterprise Value (EV) 1 7,499 6,904 7,030 10,649 9,266 9,658 9,281 7,763
Change - -7.92% 1.82% 51.47% -12.98% 4.23% -3.91% -16.35%
P/E ratio 13.8x 95.4x 21.3x 21x 60.6x 64.5x 6.12x 5.51x
PBR 1.73x 1.44x 1.2x 1.82x 1.41x 1.15x 0.94x 0.75x
PEG - -1.1x 0x 0.3x -0.8x -3.1x 0x 0.5x
Capitalization / Revenue 1.06x 0.56x 0.48x 0.7x 0.41x 0.31x 0.29x 0.27x
EV / Revenue 1.21x 0.72x 0.67x 0.91x 0.65x 0.61x 0.56x 0.44x
EV / EBITDA 20.8x 4.82x 4.65x 6.45x 5.81x 6.67x 3.81x 3x
EV / EBIT -26.1x 9.51x 8.24x 12.4x 16.8x 25.9x 7.4x 5.18x
EV / FCF 10.2x -27.3x -15.8x 58.2x -27.3x -70x 27x 51.9x
FCF Yield 9.84% -3.66% -6.32% 1.72% -3.66% -1.43% 3.7% 1.93%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 3.77 0.45 1.83 3.08 0.83 0.66 6.95 7.72
Distribution rate - - - - - - - -
Net sales 1 6,176 9,646 10,426 11,735 14,239 15,763 16,514 17,572
EBITDA 1 361 1,432 1,512 1,651 1,595 1,449 2,434 2,586
EBIT 1 -287 726 853 861 550 373.3 1,254 1,498
Net income 1 478 58 235 395 100 75.5 773.6 806
Net Debt 1 970 1,458 2,027 2,429 3,432 4,838 4,461 2,943
Reference price 2 52.10 42.94 39.07 64.75 50.30 42.54 42.54 42.54
Nbr of stocks (in thousands) 1,25,311 1,26,838 1,28,053 1,26,945 1,15,989 1,13,310 - -
Announcement Date 27/01/22 26/01/23 25/01/24 22/01/25 22/01/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
64.45x0.61x6.67x-.--% 482.02Cr
14.34x0.89x7.52x1.07% 4.7TCr
12.49x1.59x6.56x1.82% 3.16TCr
8.73x0.75x6.05x-.--% 3.06TCr
6.59x0.74x3.36x2.47% 2.41TCr
443.38x2.42x12.82x0.22% 1.92TCr
18.61x1.28x5.81x4.12% 1.63TCr
-11.67x1.73x12.51x-.--% 1.59TCr
-98.53x1.65x9.96x0.17% 1.39TCr
-16.42x1.69x10.25x-.--% 1.36TCr
Average 44.20x 1.33x 8.15x 0.99% 2.17TCr
Weighted average by Cap. 40.81x 1.27x 7.73x 1.11%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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