International Consolidated Airlines Group SA (CDI) (IAG)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

184.10p
   
  • Change Today:
    -2.35p
  • 52 Week High: 187.65
  • 52 Week Low: 138.00
  • Currency: UK Pounds
  • Shares Issued: 4,971.48m
  • Volume: 25,727,649
  • Market Cap: £9,152m
  • RiskGrade: 338

Key Financials

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 0.0% 0.0% 0.0% 0.0% 3.0%
           
Continuing Operations          
PE Ratio - Adjusted 3.6 25.7 n/a n/a 6.2
PE Ratio - Diluted 3.6
3.6		 23.6
19.2		 n/a
n/a		 n/a
n/a		 8.7
6.3
PEG - Adjusted 0.0 n/a n/a n/a n/a
PEG - Diluted 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin 10.38%
10.38%		 1.80%
1.66%		 (31.82%)
(34.24%)		 (92.38%)
(74.87%)		 11.12%
13.75%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 3.6 25.7 n/a n/a 6.2
PE Ratio - Diluted 3.6
3.6		 23.6
19.2		 n/a
n/a		 n/a
n/a		 8.7
6.3
PEG - Adjusted 0.0 n/a n/a n/a 0.0
PEG - Diluted 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a		 0.1
0.0

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 325.21% 535.12% 1,395.00% 617.52% 149.38%

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value n/a n/a n/a n/a n/a
Price/Tangible Book Value n/a n/a n/a n/a n/a
Price/ Cash Flow n/a n/a n/a n/a n/a
Price/Revenue n/a n/a n/a n/a n/a
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (12.79¢) (30.94¢) (48.21¢) (45.29¢) 110.84¢
Net Cash per Share n/a n/a n/a n/a n/a

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 29,453.00 23,066.00 85.34 7,806.00 25,506.00
EBITDA 3,056.00
3,056.00		 415.00
384.00		 (8.24)
(10.31)		 (5,133.00)
(3,766.00)		 4,947.00
5,619.00
Depreciation n/a
n/a		 n/a
n/a		 (18.92)
(18.92)		 (2,078.00)
(2,078.00)		 (2,111.00)
(2,111.00)
Net Interest n/a
n/a		 n/a
n/a		 (8.25)
(8.25)		 (617.00)
(617.00)		 (561.00)
(561.00)
Profit Before Tax 3,056.00
3,056.00		 415.00
384.00		 (35.40)
(37.47)		 (7,827.00)
(4,766.00)		 2,275.00
2,947.00
           
Revenue per Share 597.11¢ 465.19¢ 1.72¢ 221.25¢ 834.72¢
Pre-Tax Profit per Share 61.95¢
61.95¢		 8.37¢
7.74¢		 (0.71¢)
(0.76¢)		 (221.85¢)
(135.09¢)		 74.45¢
96.44¢
Market Capitalisation   (Millions) 7,705.79 6,156.68 7,083.36 7,940.26 8,245.86
Enterprise Value (EV)   (Millions) 20,736.79 23,847.68 25,119.36 22,461.26 18,240.86
EBITDA/EV 14.74%
14.74%		 1.74%
1.61%		 (0.03%)
(0.04%)		 (22.85%)
(16.77%)		 27.12%
30.80%
Operating Margin 10.38%
10.38%		 1.80%
1.66%		 (31.82%)
(34.24%)		 (92.38%)
(74.87%)		 11.12%
13.75%
Capital Employed   (Millions) 18,286.00 21,102.00 19,484.00 16,407.00 20,347.00
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital   (Millions) 6,107.00 4,668.00 3,107.00 3,930.00 9,529.00
           
Earnings per Share - Basic 53.80¢
53.83¢		 8.70¢
8.11¢		 (59.10¢)
(62.71¢)		 (196.60¢)
(122.93¢)		 56.10¢
78.12¢
Earnings per Share - Diluted 50.60¢
50.32¢		 6.10¢
7.52¢		 (59.10¢)
(62.71¢)		 (196.60¢)
(122.93¢)		 55.50¢
76.08¢
Earnings per Share - Adjusted 50.60¢ 5.60¢ (61.20)¢ (196.60)¢ 78.10¢
Earnings per Share Growth - Basic 518%
564%		 n/a
n/a		 n/a
n/a		 n/a
n/a		 -61%
-35%
Earnings per Share Growth - Diluted 730%
569%		 n/a
n/a		 n/a
n/a		 n/a
n/a		 -60%
-37%
Earnings per Share Growth - Adjusted 804% n/a n/a n/a -36%
PE Ratio - Diluted 3.6
3.6		 23.6
19.2		 n/a
n/a		 n/a
n/a		 8.7
6.3
PEG - Diluted 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Tax Rate 13.12% (3.86%) 16.37% 11.39% 24.62%
Dividend Cover n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 5.39
5.39
Interest Cover n/a
n/a		 n/a
n/a		 (3.23)
(3.47)		 (10.68)
(6.11)		 4.72
5.82
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 53.80¢
53.83¢		 8.70¢
8.11¢		 (0.60¢)
(0.63¢)		 (196.60¢)
(122.93¢)		 56.10¢
78.12¢
Earnings per Share - Diluted 50.60¢
50.32¢		 6.10¢
7.52¢		 (0.60¢)
(0.63¢)		 (196.60¢)
(122.93¢)		 55.50¢
76.08¢
Earnings per Share - Adjusted 50.60¢ 5.60¢ (0.62¢) (196.60¢) 78.10¢
Earnings per Share Growth - Basic 518%
564%		 n/a
n/a		 n/a
n/a		 n/a
n/a		 57%
159%
Earnings per Share Growth - Diluted 730%
569%		 n/a
n/a		 n/a
n/a		 n/a
n/a		 62%
153%
Earnings per Share Growth - Adjusted 804% n/a n/a n/a 156%
PE Ratio - Diluted 3.6
3.6		 23.6
19.2		 n/a
n/a		 n/a
n/a		 8.7
6.3
PEG - Diluted 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a		 0.1
0.0
Dividend Cover n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 5.39
5.39
Return on Equity (ROE) 43.47%
43.47%		 9.23%
8.61%		 (0.95%)
(1.01%)		 (176.46%)
(110.36%)		 18.00%
25.05%
Operating Cash Flow per Share 98.61¢ 97.89¢ (2.84¢) (97.28¢) 130.97¢
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (76.08¢) 26.92¢ 0.39¢ 54.99¢ 2.78¢
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share n/a n/a n/a n/a 14.50¢
Dividend per Share Growth n/a n/a n/a n/a (53.23%)
Dividend Yield 0.0% 0.0% 0.0% 0.0% 3.0%
Shareholders Funds 3,272.00 2,016.00 840.00 1,604.00 6,823.00
Net Borrowings   (Millions) 10,641.00 10,788.00 11,718.00 9,905.00 10,192.00
Net Asset Value per Share (inc. Intangibles) (12.91¢) (31.06¢) (48.33¢) (45.46¢) 110.65¢

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 3,272.00 2,016.00 840.00 1,604.00 6,823.00
Net Borrowings   (Millions) 10,641.00 10,788.00 11,718.00 9,905.00 10,192.00
Net Gearing 325.21% 535.12% 1,395.00% 617.52% 149.38%
Cash & Near Cash 5,441.00 9,196.00 7,892.00 5,774.00 4,062.00
Cash 166.29% 456.15% 939.52% 359.98% 59.53%
Gross Borrowings 16,082.00 19,984.00 19,610.00 15,679.00 14,254.00
Gross Gearing 491.50% 991.27% 2,334.52% 977.49% 208.91%
Borrowings Under 5 years 16,082.00 19,984.00 19,610.00 15,679.00 14,254.00
Under 5 years 491.50% 991.27% 2,334.52% 977.49% 208.91%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles (637.00) (1,540.00) (2,399.00) (1,604.00) 3,381.00
Net Borrowings   (Millions) 10,641.00 10,788.00 11,718.00 9,905.00 10,192.00
Net Gearing n/a n/a n/a n/a 301.45%
Cash & Near Cash 5,441.00 9,196.00 7,892.00 5,774.00 4,062.00
Cash (854.16%) (597.14%) (328.97%) (359.98%) 120.14%
Gross Borrowings 16,082.00 19,984.00 19,610.00 15,679.00 14,254.00
Gross Gearing 2,524.65% 1,297.66% 817.42% 977.49% 421.59%
Borrowings Under 5 years 16,082.00 19,984.00 19,610.00 15,679.00 14,254.00
Under 5 years (2,524.65%) (1,297.66%) (817.42%) (977.49%) 421.59%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Cover 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio 0.60 0.77 0.77 0.65 0.84
Current Ratio 0.63 0.79 0.79 0.68 0.89

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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