LTM Relative Valuation - LATAM Airlines Group SA

Watchlist Manager

Watchlist

Price: 18.4 CLP -1.34%

Market Cap: 11.1T CLP

Section:

Relative Value

The Relative Value of one LTM stock under the Base Case scenario is 30.13 CLP. Compared to the current market price of 18.4 CLP, LATAM Airlines Group SA is Undervalued by 39%.

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.

What is Relative Valuation?

How is Relative Value calculated?

LTM Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

0.9

P/S

vs History	7
vs Industry	25

Median 5Y

0.5

Industry

0.5

Forward

0.9

More Details

11.1

P/E

vs History	9
vs Industry	19

Median 5Y

-0

Industry

10.4

Forward

11.8

More Details

3.6

P/OCF

vs History	28
vs Industry	37

Median 5Y

2.9

Industry

More Details

11.3

P/FCFE

vs History	0
vs Industry	18

Median 5Y

-1.2

Industry

More Details

12.6

P/B

vs History	31
vs Industry	4

Median 5Y

9.9

Industry

More Details

1.3

EV/S

vs History	28
vs Industry	33

Median 5Y

Industry

0.9

Forward

1.2

More Details

4.8

EV/GP

vs History	28
vs Industry	34

Median 5Y

4.1

Industry

3.2

More Details

9.5

EV/EBITDA

vs History	25
vs Industry	17

Median 5Y

-3.9

Industry

6.3

Forward

4.7

More Details

9.5

EV/EBIT

vs History	25
vs Industry	29

Median 5Y

-3.9

Industry

Forward

9.1

More Details

4.9

EV/OCF

vs History	47
vs Industry	44

Median 5Y

4.8

Industry

5.8

More Details

9.9

EV/FCFF

vs History	4
vs Industry	37

Median 5Y

-7.9

Industry

10.6

More Details

1.3

EV/IC

vs History	7
vs Industry	20

Median 5Y

0.8

Industry

0.8

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
CL		LATAM Airlines Group SA SGO:LTM	11.1T CLP	0.9	11.1	9.5	9.5
US		Delta Air Lines Inc NYSE:DAL	31.6B USD	0.5	8.6	4	6.8
US		United Airlines Holdings Inc NASDAQ:UAL	25.4B USD	0.4	6.9	6.2	6.2
IN		Interglobe Aviation Ltd NSE:INDIGO	2.1T INR	2.6	29.2	11.2	20.1
CH		Kinarus Therapeutics Holding AG SIX:KNRS	19.5B CHF	0	-1 404.3	-1 404.9	-1 404.9
UK		International Consolidated Airlines Group SA LSE:IAG	16B GBP	0.5	6.5	105.6	161.3
IE	R	Ryanair Holdings PLC LSE:RYA	15.4B EUR	1.1	8	4.5	6.8
CN		Air China Ltd SSE:601111	138.5B CNY	0.8	-228.3	-176	-176
US		Southwest Airlines Co NYSE:LUV	18.7B USD	0.7	34.2	6.8	29.7
SG		Singapore Airlines Ltd SGX:C6L	20.6B SGD	1.1	7.4	5.4	12.9
CN		China Southern Airlines Co Ltd SSE:600029	106.9B CNY	0.6	-33.4	60.6	60.6

				Revenue Growth	P/S to Growth
CL		LATAM Airlines Group SA SGO:LTM	Average P/S: 0.9 0.9	7%	0.1
US		Delta Air Lines Inc NYSE:DAL	0.5	1%	0.5
US		United Airlines Holdings Inc NASDAQ:UAL	0.4	6%	0.1
IN		Interglobe Aviation Ltd NSE:INDIGO	2.6	12%	0.2
CH		Kinarus Therapeutics Holding AG SIX:KNRS	Not Available	N/A	N/A
UK		International Consolidated Airlines Group SA LSE:IAG	0.5	5%	0.1
IE	R	Ryanair Holdings PLC LSE:RYA	1.1	9%	0.1
CN		Air China Ltd SSE:601111	0.8	7%	0.1
US		Southwest Airlines Co NYSE:LUV	0.7	5%	0.1
SG		Singapore Airlines Ltd SGX:C6L	1.1	2%	0.5
CN		China Southern Airlines Co Ltd SSE:600029	0.6	6%	0.1

				Earnings Growth	PEG
CL		LATAM Airlines Group SA SGO:LTM	Average P/E: 14 11.1	N/A	N/A
US		Delta Air Lines Inc NYSE:DAL	8.6	13%	0.7
US		United Airlines Holdings Inc NASDAQ:UAL	6.9	14%	0.5
IN		Interglobe Aviation Ltd NSE:INDIGO	29.2	15%	1.9
CH		Kinarus Therapeutics Holding AG SIX:KNRS	Negative Multiple: -1 404.3	N/A	N/A
UK		International Consolidated Airlines Group SA LSE:IAG	6.5	9%	0.7
IE	R	Ryanair Holdings PLC LSE:RYA	8	14%	0.6
CN		Air China Ltd SSE:601111	Negative Multiple: -228.3	N/A	N/A
US		Southwest Airlines Co NYSE:LUV	34.2	62%	0.6
SG		Singapore Airlines Ltd SGX:C6L	7.4	-25%	N/A
CN		China Southern Airlines Co Ltd SSE:600029	Negative Multiple: -33.4	N/A	N/A

US	Johnson & Johnson NYSE:JNJ	Pharmaceuticals
US	Berkshire Hathaway Inc NYSE:BRK.A	Financial Services
US	Bank of America Corp NYSE:BAC	Banking
US	Mastercard Inc NYSE:MA	Technology
US	UnitedHealth Group Inc NYSE:UNH	Health Care
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
US	Palantir Technologies Inc NYSE:PLTR	Technology
US	Nike Inc NYSE:NKE	Textiles, Apparel & Luxury Goods
US	Visa Inc NYSE:V	Technology
CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
US	Walmart Inc NYSE:WMT	Retail
US	Verizon Communications Inc NYSE:VZ	Telecommunication
US	Chevron Corp NYSE:CVX	Energy

	Johnson & Johnson NYSE:JNJ	156.66 USD 0.9%
	Berkshire Hathaway Inc NYSE:BRK.A	735 000 USD 0.39%
	Bank of America Corp NYSE:BAC	44.62 USD -0.25%
	Mastercard Inc NYSE:MA	589.28 USD -0.25%
	UnitedHealth Group Inc NYSE:UNH	318.5 USD 2.56%
	Exxon Mobil Corp NYSE:XOM	109.73 USD 0.38%

	Franklin Covey Co NYSE:FC	22.7 USD 0.4%
	Mohawk Industries Inc NYSE:MHK	104.77 USD 0.06%
	Ardmore Shipping Corp NYSE:ASC	9.9 USD 0.81%
	ASGN Inc NYSE:ASGN	52.92 USD -1.01%
	Skyworks Solutions Inc NASDAQ:SWKS	72.01 USD -1.11%
	Weatherford International PLC NASDAQ:WFRD	52.47 USD 0.4%

	Johnson & Johnson NYSE:JNJ	156.66 USD 0.9%
	Bank of America Corp NYSE:BAC	44.62 USD -0.25%
	Mastercard Inc NYSE:MA	589.28 USD -0.25%
	Salesforce Inc NYSE:CRM	266.91 USD 0.38%
	Abbvie Inc NYSE:ABBV	192.42 USD 0.48%
	Home Depot Inc NYSE:HD	363.16 USD 0.75%

	Arista Networks Inc NYSE:ANET	95.77 USD 1.66%
	Deckers Outdoor Corp NYSE:DECK	107.7 USD -0.21%
	Visa Inc NYSE:V	371.4 USD -0.51%
	Texas Pacific Land Corp NYSE:TPL	1 097.5 USD -0.23%
	KLA Corp NASDAQ:KLAC	875 USD 0.34%
	Manhattan Associates Inc NASDAQ:MANH	192.88 USD 1.88%

LATAM Airlines Group SA
SGO:LTM

Relative Value

Valuation Multiples

Multiples Across Competitors

LTM Competitors Multiples
LATAM Airlines Group SA Competitors

See Also

Company

Help

Tools

Stocks

				EBITDA Growth	EV/EBITDA to Growth
CL		LATAM Airlines Group SA SGO:LTM	Average EV/EBITDA: 23.7 9.5	44%	0.2
US		Delta Air Lines Inc NYSE:DAL	4	6%	0.7
US		United Airlines Holdings Inc NASDAQ:UAL	6.2	7%	0.9
IN		Interglobe Aviation Ltd NSE:INDIGO	11.2	13%	0.9
CH		Kinarus Therapeutics Holding AG SIX:KNRS	Negative Multiple: -1 404.9	N/A	N/A
UK		International Consolidated Airlines Group SA LSE:IAG	105.6	7%	15.1
IE	R	Ryanair Holdings PLC LSE:RYA	4.5	10%	0.4
CN		Air China Ltd SSE:601111	Negative Multiple: -176	N/A	N/A
US		Southwest Airlines Co NYSE:LUV	6.8	29%	0.2
SG		Singapore Airlines Ltd SGX:C6L	5.4	1%	5.4
CN		China Southern Airlines Co Ltd SSE:600029	60.6	103%	0.6

				EBIT Growth	EV/EBIT to Growth
CL		LATAM Airlines Group SA SGO:LTM	Average EV/EBIT: 34.9 9.5	16%	0.6
US		Delta Air Lines Inc NYSE:DAL	6.8	6%	1.1
US		United Airlines Holdings Inc NASDAQ:UAL	6.2	7%	0.9
IN		Interglobe Aviation Ltd NSE:INDIGO	20.1	10%	2
CH		Kinarus Therapeutics Holding AG SIX:KNRS	Negative Multiple: -1 404.9	N/A	N/A
UK		International Consolidated Airlines Group SA LSE:IAG	161.3	7%	23
IE	R	Ryanair Holdings PLC LSE:RYA	6.8	11%	0.6
CN		Air China Ltd SSE:601111	Negative Multiple: -176	N/A	N/A
US		Southwest Airlines Co NYSE:LUV	29.7	94%	0.3
SG		Singapore Airlines Ltd SGX:C6L	12.9	-1%	N/A
CN		China Southern Airlines Co Ltd SSE:600029	60.6	53%	1.1

	LATAM Airlines Group SA SGO:LTM	18.4 CLP -1.34%
	2Seventy Bio Inc NASDAQ:TSVT	5 USD

	Salesforce Inc NYSE:CRM	266.91 USD 0.38%
	Accenture PLC NYSE:ACN	318.13 USD -0.34%
	ServiceNow Inc NYSE:NOW	1 007.37 USD 0.3%
	Spotify Technology SA NYSE:SPOT	702.82 USD -0.89%
	EOG Resources Inc NYSE:EOG	120.59 USD 0.56%
	Applied Materials Inc NASDAQ:AMAT	175 USD 1.28%

52 Week Range	10.9 18.65
Price Target

LATAM Airlines Group SA SGO:LTM

Relative Value

Valuation Multiples

Multiples Across Competitors

LTM Competitors Multiples LATAM Airlines Group SA Competitors

See Also

Company

Help

Tools

Stocks

LATAM Airlines Group SA
SGO:LTM

LTM Competitors Multiples
LATAM Airlines Group SA Competitors