I

Icelandair Group hf
ICEX:ICEAIR

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Icelandair Group hf
ICEX:ICEAIR
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Price: 0.81 ISK -2.17% Market Closed
Market Cap: kr33.3B

Relative Value

The Relative Value of one ICEAIR stock under the Base Case scenario is 0.92 ISK. Compared to the current market price of 0.81 ISK, Icelandair Group hf is Undervalued by 12%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

ICEAIR Relative Value
Base Case
0.92 ISK
Undervaluation 12%
Relative Value
Price
I
Worst Case
Base Case
Best Case

Multiples Across Competitors

ICEAIR Competitors Multiples
Icelandair Group hf Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
IS
Icelandair Group hf
ICEX:ICEAIR
33.3B ISK 0.2 -61.6 3.2 -24.4
VN
Vietjet Aviation JSC
VN:VJC
96.3T VND 1.3 59.7 26.9 32.2
VN
Vietnam Airlines JSC
VN:HVN
81.2T VND 0.7 11.1 5.3 8.1
RU
Aeroflot-Rossiyskiye Avialinii PAO
MOEX:AFLT
220.2B RUB 0.3 2.7 3 6.9
MX
Grupo Aeromexico SAB de CV
NYSE:AERO
2.8B USD 0 -0.2 22 -6.8
AU
Virgin Australia Holdings Ltd
ASX:VGN
2.5B AUD 0 0 0 0
RU
Aviakompaniya UTair PAO
MOEX:UTAR
91.2B RUB 0.8 -26.2 5.3 29.8
TW
Tigerair Taiwan Co Ltd
TWSE:6757
29.9B TWD 0 0 0 0
IL
Israir Group Ltd
TASE:ISRG
401.2m ILS 0.2 10.6 2.9 6.4
US
Flyexclusive Inc
AMEX:FLYX
248.4m USD 0.7 -8.6 -10.8 -6.4
US
Surf Air Mobility Inc
NYSE:SRFM
132.8m USD 1.2 -1.8 -5.6 -4.4
P/E Multiple
Earnings Growth PEG
IS
I
Icelandair Group hf
ICEX:ICEAIR
Average P/E: 21
Negative Multiple: -61.6
N/A N/A
VN
V
Vietjet Aviation JSC
VN:VJC
59.7
36%
1.7
VN
V
Vietnam Airlines JSC
VN:HVN
11.1
N/A N/A
RU
Aeroflot-Rossiyskiye Avialinii PAO
MOEX:AFLT
2.7
N/A N/A
MX
Grupo Aeromexico SAB de CV
NYSE:AERO
Negative Multiple: -0.2 N/A N/A
AU
V
Virgin Australia Holdings Ltd
ASX:VGN
Not Available N/A N/A
RU
A
Aviakompaniya UTair PAO
MOEX:UTAR
Negative Multiple: -26.2 N/A N/A
TW
T
Tigerair Taiwan Co Ltd
TWSE:6757
Not Available N/A N/A
IL
I
Israir Group Ltd
TASE:ISRG
10.6
N/A N/A
US
F
Flyexclusive Inc
AMEX:FLYX
Negative Multiple: -8.6 N/A N/A
US
S
Surf Air Mobility Inc
NYSE:SRFM
Negative Multiple: -1.8 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IS
I
Icelandair Group hf
ICEX:ICEAIR
Average EV/EBITDA: 9.8
3.2
N/A N/A
VN
V
Vietjet Aviation JSC
VN:VJC
26.9
22%
1.2
VN
V
Vietnam Airlines JSC
VN:HVN
5.3
N/A N/A
RU
Aeroflot-Rossiyskiye Avialinii PAO
MOEX:AFLT
3
N/A N/A
MX
Grupo Aeromexico SAB de CV
NYSE:AERO
22
N/A N/A
AU
V
Virgin Australia Holdings Ltd
ASX:VGN
Not Available N/A N/A
RU
A
Aviakompaniya UTair PAO
MOEX:UTAR
5.3
N/A N/A
TW
T
Tigerair Taiwan Co Ltd
TWSE:6757
Not Available N/A N/A
IL
I
Israir Group Ltd
TASE:ISRG
2.9
N/A N/A
US
F
Flyexclusive Inc
AMEX:FLYX
Negative Multiple: -10.8 N/A N/A
US
S
Surf Air Mobility Inc
NYSE:SRFM
Negative Multiple: -5.6 N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
IS
I
Icelandair Group hf
ICEX:ICEAIR
Average EV/EBIT: 16.7
Negative Multiple: -24.4
N/A N/A
VN
V
Vietjet Aviation JSC
VN:VJC
32.2
27%
1.2
VN
V
Vietnam Airlines JSC
VN:HVN
8.1
N/A N/A
RU
Aeroflot-Rossiyskiye Avialinii PAO
MOEX:AFLT
6.9
N/A N/A
MX
Grupo Aeromexico SAB de CV
NYSE:AERO
Negative Multiple: -6.8 N/A N/A
AU
V
Virgin Australia Holdings Ltd
ASX:VGN
Not Available N/A N/A
RU
A
Aviakompaniya UTair PAO
MOEX:UTAR
29.8
N/A N/A
TW
T
Tigerair Taiwan Co Ltd
TWSE:6757
Not Available N/A N/A
IL
I
Israir Group Ltd
TASE:ISRG
6.4
N/A N/A
US
F
Flyexclusive Inc
AMEX:FLYX
Negative Multiple: -6.4 N/A N/A
US
S
Surf Air Mobility Inc
NYSE:SRFM
Negative Multiple: -4.4 N/A N/A