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STOCK COMPARISON

Delta Air Lines vs Exchange Income: Fair Value & Quality

Both stocks run through our valuation models. Here is how Delta Air Lines (DAL) and Exchange Income (EIF) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Delta Air Lines as the more attractively valued of the two: Delta Air Lines trades at $81.75 versus a fair value of $102 (+24%), while Exchange Income trades at C$121 versus C$62.46 (-48%).
Delta Air Lines
DAL · USD · Industrials
+24%
upside to fair value
undervalued
Price$81.75
Fair Value$102
Quality49/100
Exchange Income
EIF.TO · CAD · Industrials
-48%
upside to fair value
overvalued
PriceC$121
Fair ValueC$62.46
Quality30/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Delta Air LinesExchange Income
Valuation
14.0×P/E (TTM)34.9×
0.78×P/S (TTM)1.41×
2.58×P/B2.78×
8.2×EV/EBITDA9.4×
39.29×PEG1.54×
+24.3%Fair value upside−48.5%
1.0%Dividend yield2.2%
$0.78Dividend per shareC$2.66
Profitability
8%Operating margin7%
n/aEBIT margin trend (5Y)1.27×
20%Return on equity12%
4%Return on assets5%
Growth
19%Revenue growth (YoY)30%
7.8%Avg. growth/yr (3Y)16.8%
30.0%Avg. growth/yr (5Y)23.3%
+15.6%Value creation/yr+12.5%
Balance & size
8.6×Interest coverage (EBIT/interest)2.8×
0.60×Debt / equity1.24×
$53BMarket cap$5B
healthyGrowth qualityexpensive

Delta Air Lines leads: 11 to 4 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Delta Air Linesof which business quality 48 · market factors 59 Exchange Incomeof which business quality 34 · market factors 74
ProfitabilityMargins and returns on capital today
52
35
Quality GrowthAre margins and returns improving?
36
64
CashflowEarnings quality: real cash, not paper profit
46
45
Fin. StrengthBalance sheet, leverage, solvency risk
38
33
InvestmentDisciplined investing over empire-building
51
10
Low VolatilityCalm price path (market factor)
43
71
MomentumPrice trend over the last 3–12 months (market factor)
61
67
52W MomentumDistance to the 52-week high (market factor)
74
89
Net IssuanceShare count: buybacks or dilution?
74
9

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyDelta Air LinesPrice $81.75Exchange IncomePrice C$121
DCF Models+49%above the price$122n/a
Earnings-Based-27%below the price$60.01-51%below the priceC$59.42
Dividend Discount-86%below the price$11.58-67%below the priceC$40.51
Multiples+64%above the price$134-53%below the priceC$56.51
Asset-Based-74%below the price$21.14-83%below the priceC$20.90
Growth DCF+33%above the price$108n/a
Economic Profit-5%close to the price$77.60-79%below the priceC$25.59
Growth Earnings+76%above the price$144-33%below the priceC$81.32
Minimum-86%below the price$11.58-83%below the priceC$20.90
Maximum+76%above the price$144-33%below the priceC$81.32
Median+14%close to the price$93.00-60%below the priceC$48.51
Geometric mean-21%below the price$64.24-65%below the priceC$42.53

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Delta Air Lines: 8 of 26 models see the stock below the current price.

Exchange Income: 14 of 16 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Delta Air Lines
Price $81.75
Fair Value $102
Bear $59.23Bull $136
Exchange Income
Price C$121
Fair Value C$62.46
Bear C$39.45Bull C$78.07

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Delta Air Lines · Industrials

Quality score49 · below median
Fair value upside+24% · above median

Exchange Income · Industrials

Quality score30 · bottom 25%
Fair value upside-48% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Delta Air Lines as the more attractively valued of the two: Delta Air Lines trades at $81.75 versus a fair value of $102 (+24%), while Exchange Income trades at C$121 versus C$62.46 (-48%).

Delta Air Lines has the higher quality score (49/100).

Open Delta Air Lines live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.