Editing Ryanair Holdings plc
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Ryanair Holdings plc | Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, Germany, and other European countries. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services; in-flight sale of beverages, food, duty-free, and merchandise; and marketing of car hire and accommodation services, and travel insurance through its website and mobile app. In addition, the company offers aircraft and passenger handling, ticketing, and maintenance and repair services; and markets car parking, fast-track, airport transfers, attractions, and activities on its website and mobile app, as well as sells gift vouchers. As of June 30, 2022, it had a principal fleet of approximately 483 Boeing 737 aircrafts and 29 Airbus A320 aircrafts; and offered approximately 3,000 short-haul flights per day serving approximately 225 airports. Ryanair Holdings plc was founded in 1985 and is headquartered in Swords, Ireland. | ||
As of June 30, 2022, | |||
== Valuation == | == Valuation == | ||
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Ryan Air's annual free cash flows from the past 10 years<ref><nowiki>https://www.macrotrends.net/stocks/charts/RYAAY/ryanair-holdings/free-cash-flow</nowiki></ref>: | Ryan Air's annual free cash flows from the past 10 years<ref><nowiki>https://www.macrotrends.net/stocks/charts/RYAAY/ryanair-holdings/free-cash-flow</nowiki></ref>: | ||
{| class="wikitable" | {| class="wikitable" | ||
|Year | |||
|Annual Free Cashflow (£ Mn) | |||
|- | |- | ||
|2023 | |2023 | ||
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Projected cash flow values for the next 10 years, based on an earnings growth prediction rate of 12.3%<ref>[https://simplywall.st/stocks/ie/transportation/ise-rya/ryanair-holdings-shares/future#:~:text=Ryanair%20Holdings%20is%20forecasted%20to,be%2025.3%25%20in%203%20years. https://simplywall.st/stocks/ie/transportation/ise-rya/ryanair-holdings-shares/future#:~:text=Ryanair%20Holdings%20is%20forecasted%20to,be%2025.3%25%20in%203%20years.]</ref>: | Projected cash flow values for the next 10 years, based on an earnings growth prediction rate of 12.3%<ref>[https://simplywall.st/stocks/ie/transportation/ise-rya/ryanair-holdings-shares/future#:~:text=Ryanair%20Holdings%20is%20forecasted%20to,be%2025.3%25%20in%203%20years. https://simplywall.st/stocks/ie/transportation/ise-rya/ryanair-holdings-shares/future#:~:text=Ryanair%20Holdings%20is%20forecasted%20to,be%2025.3%25%20in%203%20years.]</ref>: | ||
{| class="wikitable" | {| class="wikitable" | ||
|Year | |||
|Projected cash flow (£Mn) | |||
|- | |- | ||
|2024 | |2024 | ||
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''Beta value = 1.45''<ref>https://finance.yahoo.com/quote/RYAAY/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAA-QsnB5Z3NE6_hbXttVYrUnEYFEWtxrdExBHRP0wG2Rwy_Q5T0mlSLNPF2WwFhQbDYfevMryfNXYe8P_oYpm8Xt7ytyiQCF8KpRHed-kXXUK8BorxHOIxb-yyG92X5Dx2IfOOw3sPZlEWgKeH5FetsTHRtMu9XR-g5kdP4aoX-1</ref> | ''Beta value = 1.45''<ref>https://finance.yahoo.com/quote/RYAAY/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAA-QsnB5Z3NE6_hbXttVYrUnEYFEWtxrdExBHRP0wG2Rwy_Q5T0mlSLNPF2WwFhQbDYfevMryfNXYe8P_oYpm8Xt7ytyiQCF8KpRHed-kXXUK8BorxHOIxb-yyG92X5Dx2IfOOw3sPZlEWgKeH5FetsTHRtMu9XR-g5kdP4aoX-1</ref> | ||
''Assumed market return premium = 6% (government data)'' | ''Assumed market return premium = 6% (government data)'' | ||
WACC = [risk-free rate] + [beta value * assumed market return premium] | WACC = [risk-free rate] + [beta value * assumed market return premium] | ||
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Present value of cash flow = { predicted cash flow } / { (1 + WACC)^(number of years) } | Present value of cash flow = { predicted cash flow } / { (1 + WACC)^(number of years) } | ||
{| class="wikitable" | {| class="wikitable" | ||
|Year | |||
|Present value of predicted cash flow (£Mn) | |||
|- | |- | ||
|2024 | |2024 |