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Sep 12 2023, 06:45 IST/BST
Ryanair Holdings
Decade of growth
- Sectors : Airlines
- Companies : Ryanair Holdings
DAVY VIEW
We have rebuilt and extended our financial model with detailed and historical forecasts from 1995-2034 (the end of the new Boeing MAX-10 deal) and our discounted cash flow (DCF) out to 2050. Our analysis suggests material cash generation and dividend distribution. Growth characteristics imply that an ultra-low-cost carrier (ULCC) premium multiple should be achieved. In the long term, Southwest Airlines’ valuation is probably the most relevant comparable.
