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International Consolidated Airlines Group S.A. IAG.L

GB · London Stock Exchange · XLON · stock · Industrials · website

International Consolidated Airlines Group S.A. statistics & valuation

Market cap€19.4B
P / E5.8×
P / S0.6×
P / B2.6×
P / FCF6.2×
Net margin10.1%
FCF margin9.5%
Net debt€6.8B
Enterprise value USD$34.1B
Earnings yield EBIT/EV19.1%
Return on capital20.6%
Graham number -98.8%€5.20

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€5.20); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
1.90% 9.00% 8.50% 10.10% 2022202320242025
Gross margin (%)
17.80% 22.70% 23.60% 25.20% 2022202320242025
Operating margin (%)
6.10% 12.00% 13.40% 15.10% 2022202320242025
Return on equity (%)
21.40% 81.10% 44.30% 44.00% 2022202320242025
Shares outstanding
4.39B 4.39B 4.39B 4.39B 2022202320242025
Net debt (€)
€10.79B €10.64B €9.16B €6.85B 2022202320242025
Share buybacks (€)
€23.0M €77.0M €202.0M €1.24B 2022202320242025
Return on assets (%)
1.10% 7.00% 6.20% 7.80% 2022202320242025
Free cash flow margin (%)
4.20% 4.50% 11.10% 9.50% 2022202320242025
Debt / equity (×)
9.91× 4.92× 2.81× 1.88× 2022202320242025
EPS (€)
€0.06 €0.51 €0.56 €0.69 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

International Consolidated Airlines Group S.A. trades at about 636.7× earnings — near its 10-year norm (10-year range 292.6×–2767.2×, median 608.8×).

292.6× 2767.2×

Shaded band = 10-year range (292.6×–2767.2×); dot = today's 636.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin25.2%23.6%22.7%17.8%
Operating margin15.1%13.4%12.0%6.1%
Net margin10.1%8.5%9.0%1.9%
FCF margin9.5%11.1%4.5%4.2%
Return on assets7.8%6.2%7.0%1.1%
Return on equity44.0%44.3%81.1%21.4%
Debt / equity0.74×1.09×1.82×4.61×
Current ratio0.700.780.620.79

Computed from company filings · GB · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.