I

Icelandair Group hf
ICEX:ICEAIR

Watchlist Manager
Icelandair Group hf
ICEX:ICEAIR
Watchlist
Price: 0.768 ISK -4% Market Closed
Market Cap: kr31.6B

P/OCF

0.8
Current
44%
Cheaper
vs 3-y average of 1.5

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
0.8
=
Market Cap
kr31.4B
/
Operating Cash Flow
$305m

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
0.8
=
Market Cap
kr31.4B
/
Operating Cash Flow
$305m

Valuation Scenarios

Icelandair Group hf is trading below its 3-year average

If P/OCF returns to its 3-Year Average (1.5), the stock would be worth kr1.37 (79% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+1 561%
Average Upside
434%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 0.8 kr0.77
0%
3-Year Average 1.5 kr1.37
+79%
5-Year Average 1.5 kr1.37
+79%
Industry Average 1 kr0.89
+16%
Country Average 14.1 kr12.75
+1 561%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
P/E Multiple
Earnings Growth PEG
IS
I
Icelandair Group hf
ICEX:ICEAIR
Average P/E: 16.2
Negative Multiple: -27.7
N/A N/A
VN
V
Vietjet Aviation JSC
VN:VJC
50.2
N/A N/A
VN
V
Vietnam Airlines JSC
VN:HVN
9.8
N/A N/A
RU
Aeroflot-Rossiyskiye Avialinii PAO
MOEX:AFLT
1.8
N/A N/A
MX
Grupo Aeromexico SAB de CV
NYSE:AERO
10.1
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: -25 N/A N/A
US
Republic Airways Holdings Inc
NASDAQ:RJET
Negative Multiple: -7.7 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
9.3
N/A N/A
CA
V
Volatus Aerospace Inc
NEO:FLT
Negative Multiple: -20.6 N/A N/A

Market Distribution

Lower than 100% of companies in Iceland
Percentile
0th
Based on 30 companies
0th percentile
0.8
Low
1 — 9.1
Typical Range
9.1 — 18.9
High
18.9 —
Distribution Statistics
Iceland
Min 1
30th Percentile 9.1
Median 14.1
70th Percentile 18.9
Max 36.7

Icelandair Group hf
Glance View

Market Cap
31.6B ISK
Industry
Airlines

Icelandair Group hf engages in the provision of airline and tourism services. Through its subsidiaries, it is active within the airline and tourism industries. The Company’s activities are divided into three primary business areas: International Flight Operations, Aviation Investments, and Tourism Investments. The International Flight Operations segment is based on the hub-and-spoke concept between Europe and North America via Iceland managing and international route network between the two continents. The Aviation Investment segment includes leasing services, domestic flights and an outgoing tour operator. The Tourism Investments segment manages an incoming tour operator in Iceland. The firm operates mainly in Europe and Northern America.

ICEAIR Intrinsic Value
1.102 ISK
Undervaluation 30%
Intrinsic Value
Price kr0.768
I
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett