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Air France-KLM SA (1AF) Fair Value & Analysis

Industrials · IT · Market cap €3.5B

AF Air France-KLM SA 1AF · MI
Price€13.37
Fair Value€77.87
Upside+482.4%
Quality52/100
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Evidence: Low Range €47.83 – €106.22

Fair value as of: Jul 3, 2026

From 26 valuation models · updated today

Share price +17.1% over the past month.

Price vs Fair Value (12 months)

€14.96 €8.53 Fair Value €77.87 Jul 2025 Jul 2026

12‑month range €8.53 – €14.96 · fair‑value band €47.83 – €106.22 · the €13.37 price screens below the €77.87 fair value. As of Jul 3, 2026.

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Analysis

Air France-KLM SA (1AF) currently trades at €13.37, while our model-based Fair Value estimate is €77.87 — implying the stock looks roughly 482.4% undervalued today. We read business quality at 52/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low) — always confirm before acting.

Over the trailing twelve months, Air France-KLM SA generated revenue of €33.3B at a net margin of 4.8%. Revenue grew 4.4% year over year. It earns a return on equity of 93.3%. Net debt stands at €163M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) €33.3B
Revenue growth (YoY) +4.4%
Net margin 4.8%
Return on equity 93.3%
Free cash flow €606M FY2025
P/E ratio 2.4
More key figures
Operating margin -0.3%
EPS (TTM) €5.51
EPS growth (YoY) +6.1%
Net debt €163M FY2022

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services. The company operates through Network, Maintenance, Transavia, and Other segments. It also offers airframe and engine maintenance, and component support services, including electronic, mechanical, pneumatic, hydraulic, and other services. The company provides its services under the Air France, KLM, and Transavia brand names. It operates in France, rest of Europe, North Africa, the Caribbean, West Indies, French Guyana, Indian Ocean, Africa, the Middle East, North America, Mexico, French Polynesia, South America, Asia, and New Caledonia. Air France-KLM SA was founded in 1919 and is headquartered in Paris, France.

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Air France-KLM SA reported revenue of €33.0B in FY2025 versus €26.4B in FY2022, a compound +7.7%/yr. Reported net income was €1.6B in FY2025, compounding +29.8%/yr from FY2022.

Revenue +7.7%/yr
FY22 €26.4B
FY23 €30.0B
FY24 €31.5B
FY25 €33.0B
Net income +29.8%/yr
FY22 €728M
FY23 €934M
FY24 €317M
FY25 €1.6B

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Recent news

External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.

Similar stocks

6 more Airlines stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

Stock Price Fair Value vs Fair Value
Ryanair Holdings R1YA34 R$36.72 R$31.20 -15%
Delta Air Lines, Inc DAL $76.47 $70.83 -7%
United Airlines Holdings UAL1 €90.00 €79.11 -12%
International Consolidated Airlines Group ICAGY $12.37 $32.93 +166%
Southwest Airlines Co LUV $41.54 $4.93 -88%
InterGlobe Aviation Limited INDIGO ₹5,021 ₹3,704 -26%

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Frequently asked questions

Is Air France-KLM SA (1AF) undervalued?
As of Jul 3, 2026, our model estimates a fair value of €77.87 versus a price of €13.37 — about +482% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 1AF?
Our model-based fair value for Air France-KLM SA is €77.87 (as of Jul 3, 2026), built from audited fundamentals. The current price is €13.37.
What is the quality score of 1AF?
Air France-KLM SA has a Quality Score of 52/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Air France-KLM SA (1AF)?
Air France-KLM SA reported trailing-twelve-month revenue of about €33.3B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of 1AF?
The net profit margin of Air France-KLM SA is about 4.8%, meaning it keeps roughly 4.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.