Explain this page
Arphra AIPlain-English read on Ryanair Holdings plc’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
A snapshot of the latest fiscal year’s margins, returns on capital, balance-sheet strength and efficiency, computed from the income statement, balance sheet and cash-flow rows. Source income / balance / cash_flow.
Valuation multiples
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Headline | |||||
| Market cap | $26.39B | — | — | — | — |
| Enterprise value | $25.11B | — | — | — | — |
| Multiples | |||||
| P / E | — | — | — | — | — |
| P / B | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — |
| EV / Sales | 1.60 | — | — | — | — |
| EV / FCF | 13.84 | — | — | — | — |
| Yields | |||||
| Earnings yield | +8.29% | — | — | — | — |
| Free cash flow yield | +6.88% | — | — | — | — |
| Dividend yield | — | — | — | — | — |
Profitability
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin | +20.99% | +21.50% | +20.50% | +21.12% | +20.70% |
| Operating margin | +15.82% | +16.22% | +15.93% | +16.24% | +15.76% |
| EBITDA margin | +24.66% | +25.15% | +25.28% | +24.49% | +24.20% |
| EBIT margin | +15.82% | +15.97% | +15.82% | +15.51% | +15.87% |
| Pre-tax margin | +15.59% | +15.37% | +15.87% | +15.38% | +15.59% |
| Net margin | +13.98% | +13.65% | +13.67% | +14.15% | +13.59% |
| Cost structure | |||||
| Cost of revenue / sales | +79.01% | +76.70% | +77.47% | +77.14% | +81.12% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +5.17% | +5.02% | +5.07% | +5.08% | +5.21% |
| Effective tax rate | +10.30% | +10.66% | +10.34% | +10.58% | +10.40% |
Returns on capital
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Returns | |||||
| Return on equity (ROE) | +21.64% | +21.34% | +20.59% | +21.81% | +20.61% |
| Return on assets (ROA) | +11.07% | +10.74% | +11.15% | +11.41% | +10.85% |
| Return on capital (ROC) | +21.33% | +22.02% | +21.05% | +21.74% | +20.92% |
| Return on invested capital (ROIC) | +18.86% | +18.53% | +18.07% | +18.94% | +18.03% |
| Asset turnover | +79.16% | +78.68% | +81.54% | +80.64% | +79.87% |
| DuPont · ROE decomposition | |||||
| Net margin | +13.98% | +13.65% | +13.67% | +14.15% | +13.59% |
| Asset turnover (× revenue / assets) | +79.16% | +78.68% | +81.54% | +80.64% | +79.87% |
| Equity multiplier (× assets / equity) | +195.49% | +198.62% | +184.70% | +191.18% | +189.92% |
Activity & efficiency
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Turnover | |||||
| Asset turnover | 0.79 | 0.79 | 0.82 | 0.81 | 0.80 |
| Fixed-asset turnover | 1.36 | — | — | — | — |
| Inventory turnover | 2573.15 | — | — | — | — |
| Receivables turnover | 353.67 | — | — | — | — |
| Payables turnover | 20.25 | — | — | — | — |
| Days outstanding | |||||
| Days sales outstanding (DSO) | 1.03 | — | — | — | — |
| Days inventory outstanding (DIO) | 0.14 | — | — | — | — |
| Days payables outstanding (DPO) | 18.02 | — | — | — | — |
| Cash conversion cycle | -16.85 | — | — | — | — |
Cash flow quality
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Operating CF / Net income | 1.70 | 1.79 | 1.75 | 1.70 | 1.70 |
| FCF / Net income | 0.83 | 0.86 | 0.85 | 0.83 | 0.83 |
| FCF margin | +11.60% | +11.76% | +11.66% | +11.74% | +11.31% |
| OCF margin | +23.77% | +24.39% | +23.88% | +24.08% | +23.16% |
| CapEx / Revenue | +12.17% | +12.14% | +12.45% | +11.94% | +11.86% |
| CapEx / D&A | 1.38 | — | — | — | — |
| Stock-based comp / Revenue | 0.00% | — | — | — | — |
Per-share & shareholder yield
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| EPS · diluted | 4.10 | 3.82 | 4.16 | 5.11 | 5.62 |
| EPS · basic | 4.14 | 3.85 | 4.26 | 5.17 | 5.74 |
| Book value / share | 19.00 | 19.58 | 21.76 | 22.71 | 23.66 |
| Tangible BV / share | 18.72 | 19.58 | 21.76 | 22.71 | 23.66 |
| Sales / share | 29.40 | 30.60 | 32.78 | 35.01 | 35.89 |
| Operating CF / share | 6.99 | 7.46 | 7.83 | 8.43 | 8.31 |
| Free cash flow / share | 3.41 | 3.60 | 3.82 | 4.11 | 4.06 |
| Dividends / share | 0.84 | 0.88 | 0.91 | 1.01 | 1.02 |
| Payout ratio | +20.39% | +21.06% | +20.32% | +20.43% | +21.01% |
| Retention ratio | +79.61% | +78.94% | +79.68% | +79.57% | +78.99% |
Growth
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E | 4y CAGR |
|---|---|---|---|---|---|---|
| Top-line | ||||||
| Revenue · YoY | — | +4.17% | +7.92% | +5.35% | +2.46% | +4.96% |
| Gross profit · YoY | — | +6.71% | +2.87% | +8.57% | +0.44% | +4.60% |
| Profit | ||||||
| Operating income · YoY | — | +6.83% | +5.96% | +7.38% | -0.52% | +4.86% |
| EBITDA · YoY | — | +6.24% | +8.49% | +2.05% | +1.27% | +4.47% |
| Net income · YoY | — | +1.70% | +8.09% | +9.03% | -1.61% | +4.21% |
| Operating | ||||||
| EBIT · YoY | — | +5.14% | +6.93% | +3.30% | +4.79% | +5.03% |
| R&D · YoY | — | — | — | — | — | — |
| Per-share | ||||||
| EPS · diluted · YoY | — | -6.75% | +8.86% | +22.70% | +10.14% | +8.22% |
| EPS · basic · YoY | — | -6.93% | +10.51% | +21.32% | +11.12% | +8.51% |
Credit & leverage
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Leverage | |||||
| Total debt | $1.49B | $1.58B | $1.63B | $1.82B | $1.79B |
| Net debt | -$1.27B | -$1.37B | -$1.49B | -$1.36B | -$1.51B |
| Net debt / EBITDA | -0.33 | -0.33 | -0.33 | -0.30 | -0.33 |
| Debt / equity | 0.15 | 0.15 | 0.14 | 0.15 | 0.14 |
| Debt / assets | +7.55% | +7.62% | +7.57% | +7.92% | +7.54% |
| Equity / assets | +51.15% | +50.35% | +54.14% | +52.31% | +52.65% |
| Coverage | |||||
| EBITDA / interest expense | — | — | — | — | — |
| Operating income / interest | — | — | — | — | — |
| Interest expense | $0 | $0 | $0 | $0 | $0 |
| Liquidity | |||||
| Current ratio | 0.90 | — | — | — | — |
| Quick ratio | 0.42 | — | — | — | — |
| Cash ratio | 0.32 | — | — | — | — |
| Working capital | -$828.76M | — | — | — | — |
| Working capital / revenue | -5.30% | — | — | — | — |
Historical multiples · μ ± σ bands
3 fiscal-year-end observations from key_metrics. Mean is dashed; light-green band is ±1σ, light-red band ±2σ. The dot marks the most recent value; the cheap / fair / rich verdict uses z-score against the issuer's own history (yields inverted — a high yield is cheap).
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| P / E | — | — | — |
| P / B | — | — | — |
| EV / EBITDA | — | — | — |
| EV / Sales | 1.60x | 1.46x | 2.23x |
| Earnings yield | 8.3% | 7.5% | 6.2% |
| FCF yield | 6.9% | 8.6% | 2.5% |
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Gross margin | — | — | — |
| Operating margin | — | — | — |
| Net margin | — | — | — |
| ROE | 21.6% | 22.9% | 25.2% |
| ROA | 11.1% | 9.2% | 11.2% |
| ROIC | 17.9% | 13.7% | 17.1% |
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Debt / equity | — | — | — |
| Net debt / EBITDA | -0.33 | -0.39 | -0.37 |
| Interest coverage | — | — | — |
| Current ratio | 0.90x | 0.74x | 0.91x |
| Quick ratio | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).