Аэрофлот AFLT

Quarterly report 2026-Q2
added 09-06-2026

Аэрофлот Financial Ratios 2025-2004 | AFLT

Brief overview of Аэрофлот's market valuation

The review covers five available annual periods spanning 2016 to 2025.

Key multiples at the end of the period are P/E 10x (median 7.95x), EV/EBITDA 3x (median 4.04x), P/S 0.25x (median 0.25x). The current ratio basket stands about 21.5% above the five-year base, increasing sensitivity to weak reports.

The 1/P/E calculation produces a 10% earnings yield. It does not capture future growth or capital structure.

The latest available business-quality ratios are ROE 34%, ROA 2%, ROCE 21.4%. Returns on capital and assets point to efficient economics and a strong internal source of growth.

On PEG (0.11x), valuation is restrained relative to growth, but one ratio cannot replace cash-flow and risk analysis.

Current and quick ratios are 0.74x and 0.64x. The balance sheet has a limited reserve.

Debt to equity is 16.25x, while interest coverage is 4.17x. The burden increases sensitivity to weaker earnings.

The time from paying for inputs to receiving cash fell from 14.8 days to -17.8 days. Cash turnover improved.

Valuation takeaway

Аэрофлот's high quality ratios explain part of the market premium but increase sensitivity to slower growth.

Annual Financial Ratios Аэрофлот

	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Price Earnings Ratio, P/E	10	4	-15.54	-1.5	-4.11	-0.78	12.66	-2.51	7.95	5.29	-12.47	-2.7	13.08	8.53	3.72	11.85	27.49	43.46	9.55	10.65	13.52	14.78
Price Sales Ratio, P/S	0.25	0.27	0.22	0.18	0.29	0.32	0.2	0.22	0.34	0.4	0.18	0.13	0.36	0.23	0.36	0.76	0.73	0.53	0.77	0.91	0.99	1.18
Price To Book Ratio, P/B	6	-3	-1.61	-0.83	-1.02	-0.89	-79.66	-2.15	2.77	4.66	-2.85	-11.5	1.79	1.07	1.31	2.93	2.55	2.58	2.62	3.47	4.46	6.56
Price Earnings To Growth Ratio, PEG	0.11	-	0.18	-0.12	0.05	0.0	-0.11	0.01	-0.2	-0.01	0.2	0.01	0.75	-0.14	0.04	0.05	0.26	-0.52	0.84	0.46	1.07	-
Operating Cash Flow Per Share	41.35	51.26	45.11	25.44	39.57	17.11	116.86	14.51	36.1	59.22	53.78	27.77	23.13	12.83	9.67	17.92	5.13	11.33	3.26	7.53	4.69	3.53
Free Cash Flow Per Share	-33	5	19.79	22.96	29.72	-0.78	74.35	-5.6	24.22	36.81	29.15	6.53	13.89	8.86	6.35	15.08	-3.47	0.59	-3.81	2.23	0.65	1.27
Cash Per Share	18.59	26.51	29.82	34.62	39.12	69.72	19.86	23.03	42.12	24.3	28.26	21.23	14.72	11.89	10.76	16.15	2.95	3.53	2.73	4.58	3.1	1.92
Payout Ratio	0.93	0.33	-0.01	-0.0	-0.0	-0.0	0.31	-0.27	0.82	0.0	-0.02	-0.18	0.16	0.28	0.07	0.06	0.1	1.1	0.19	0.13	0.17	0.09
Dividend Yield	0.09	0.09	0.0	0.0	0.0	0.01	0.02	0.11	0.1	0.0	0.0	0.07	0.01	0.03	0.02	0.0	0.0	0.03	0.02	0.01	0.01	0.01
Current Ratio	-	-	0.74	0.86	0.7	0.66	0.62	0.58	1.19	1.07	0.75	0.68	1.2	1.04	0.99	1.42	1.03	1.06	1.29	1.12	1.38	1.14
Quick Ratio	-	-	0.64	0.8	0.63	0.6	0.55	0.47	1.0	0.9	0.71	0.63	1.13	0.98	0.93	1.35	0.97	0.99	1.18	1.03	1.27	1.02
Cash Ratio	-	-	0.24	0.19	0.27	0.32	0.05	0.1	0.33	0.26	0.17	0.2	0.27	0.22	0.2	0.54	0.11	0.13	0.09	0.2	0.19	0.13
Days Of Sales Outstanding, DSO	-	-	-	-	30.73	33.3	30.03	36.46	42.72	34.64	-	0.04	43.54	-	54.78	-	-	-	-	-	-	63.15
Days Of Inventory Outstanding, DIO	-	-	19.22	12.54	14.81	17.5	10.32	19.11	26.71	19.93	7.28	7.83	6.52	6.69	13.47	13.78	14.28	10.31	18.97	16.93	15.13	15.54
Days Of Payables Outstanding, DPO	-	-	36.99	20.77	32.95	31.19	25.53	29.7	69.85	22.96	28.82	32.58	25.0	22.0	51.77	112.09	137.59	87.41	114.16	102.02	81.85	41.07
Operating Cycle	-	-	19.22	12.54	45.54	50.8	40.35	55.56	69.43	54.58	7.28	7.87	50.05	6.69	68.26	13.78	14.28	10.31	18.97	16.93	15.13	78.69
Cash Conversion Cycle	-	-	-17.77	-8.22	12.59	19.61	14.82	25.86	-0.42	31.62	-21.54	-24.7	25.05	-15.31	16.49	-98.31	-123.31	-77.1	-95.2	-85.09	-66.72	37.63
Gross Profit Margin	-	-	0.01	-0.2	0.1	-0.17	0.19	0.18	0.32	0.24	0.1	0.05	0.08	0.05	0.4	0.47	0.47	0.4	0.47	0.43	0.41	0.32
Operating Profit Margin	0.15	0.12	0.3	-0.03	0.01	-0.3	0.09	0.09	0.08	0.13	0.11	0.04	0.07	0.04	0.07	0.12	0.08	0.07	0.15	0.13	0.1	0.09
Pretax Profit Margin	0.03	0.07	-0.02	-0.15	-0.09	-0.51	0.02	-0.11	0.06	0.11	-0.0	-0.05	0.05	0.04	0.11	0.08	0.06	0.04	0.14	0.13	0.11	0.11
Net Profit Margin	0.03	0.07	-0.01	-0.12	-0.07	-0.41	0.02	-0.09	0.04	0.08	-0.01	-0.05	0.03	0.03	0.1	0.06	0.03	0.01	0.08	0.09	0.07	0.08
Effective Tax Rate	-	-	-0.24	0.16	0.19	0.2	0.02	0.17	0.32	0.27	-3.16	-0.05	0.46	0.54	0.16	0.28	0.58	0.79	0.42	0.33	0.32	0.26
Return On Assets, ROA	0.02	0.06	-0.01	-0.05	-0.03	-0.12	0.01	-0.05	0.07	0.12	-0.02	-0.06	0.04	0.04	0.1	0.06	0.02	0.02	0.09	0.11	0.11	0.13
Return On Equity, ROE	0.34	-1	0.1	0.55	0.25	1.14	-6.29	0.86	0.35	0.88	0.23	4.26	0.14	0.13	0.35	0.25	0.09	0.06	0.27	0.33	0.33	0.44
Return On Capital Employed, ROCE	0.21	0.16	0.24	-0.02	0.01	-0.13	0.09	0.07	0.2	0.35	0.32	0.08	0.14	0.09	0.12	0.15	0.1	0.15	0.24	0.25	0.23	0.26
Net Income Per Ebt	1.0	1.0	0.78	0.84	0.81	0.8	0.77	0.81	0.68	0.7	3.74	0.95	0.58	0.62	0.9	0.79	0.43	0.32	0.57	0.66	0.66	0.75
Ebt Per Ebit	0.16	0.65	-0.06	4.49	-6.78	1.67	0.23	-1.16	0.83	0.86	-0.04	-1.45	0.69	1	1.51	0.71	0.74	0.52	0.93	1.03	1.15	1.12
Ebit Per Revenue	0.15	0.12	0.3	-0.03	0.01	-0.3	0.09	0.09	0.08	0.13	0.11	0.04	0.07	0.04	0.07	0.12	0.08	0.07	0.15	0.13	0.1	0.09
Debt Ratio	0.97	1.07	0.67	0.64	0.72	0.74	0.61	0.59	0.3	0.48	0.74	0.62	0.41	0.41	0.42	0.45	0.43	0.38	0.33	0.31	0.3	0.33
Debt Equity Ratio	16.25	-9.14	-8.74	-6.68	-5.76	-6.97	-338.6	-10.38	1.58	3.37	-9.13	-47.78	1.42	1.46	1.52	1.82	1.78	1.35	1.0	0.94	0.87	1.12
Long Term Debt To Capitalization	0.94	1.12	-1.08	-11.99	-4.84	-0.99	2.1	-0.05	0.56	0.21	-1.29	2.12	0.12	0.12	0.21	0.53	0.46	0.38	0.25	0.01	0.12	0.04
Total Debt To Capitalization	0.94	1.12	1.13	1.18	1.21	1.17	1.0	1.11	0.61	0.77	1.12	1.02	0.59	0.59	0.6	0.64	0.64	0.57	0.5	0.49	0.46	0.53
Interest Coverage	4.17	4.31	2.47	-0.24	0.15	-2.05	1.21	8.94	4.96	6.98	5.7	2.28	5.96	3.23	2.99	3.94	11.34	8.2	10.86	12.28	9.57	17.08
Cash Flow To Debt Ratio	0.27	0.29	0.24	0.13	0.12	0.03	0.27	0.03	0.46	0.54	0.3	0.21	0.35	0.21	0.17	0.36	0.13	0.39	0.16	0.5	0.44	0.38
Company Equity Multiplier	30.03	-15.05	-13.02	-10.47	-8.01	-9.43	-551.61	-17.5	5.21	7.09	-12.35	-76.49	3.48	3.52	3.58	4.01	4.18	3.55	3.06	3.07	2.9	3.38
Receivables Turnover	-	-	-	-	11.88	10.96	12.15	10.01	8.54	10.54	-	9405.03	8.38	-	6.66	-	-	-	-	-	-	5.78
Payables Turnover	-	-	9.87	17.58	11.08	11.7	14.3	12.29	5.23	15.9	12.66	11.2	14.6	16.59	7.05	3.26	2.65	4.18	3.2	3.58	4.46	8.89
Inventory Turn Over	-	-	18.99	29.1	24.65	20.86	35.38	19.1	13.67	18.31	50.11	46.59	56.02	54.59	27.09	26.49	25.56	35.39	19.24	21.56	24.12	23.48
Fixed Asset Turnover	-	-	0.82	0.68	0.65	0.44	1.0	0.85	4.8	3.74	2.97	2.2	2.96	2.82	2.73	1.97	1.54	2.6	2.23	2.43	3.18	3.13
Asset Turnover	0.8	0.74	0.55	0.43	0.44	0.3	0.73	0.55	1.56	1.65	1.32	1.15	1.43	1.3	1.01	0.95	0.83	1.38	1.12	1.24	1.56	1.65
Operating Cash Flow Sales Ratio	0.18	0.24	0.29	0.19	0.19	0.08	0.22	0.03	0.09	0.15	0.17	0.11	0.1	0.07	0.07	0.17	0.07	0.11	0.05	0.12	0.08	0.08
Free Cash Flow Operating Cash Flow Ratio	-0.28	0.55	0.44	0.9	0.75	-0.05	0.64	-0.39	0.67	0.62	0.54	0.24	0.6	0.69	0.66	0.84	-0.68	0.05	-1.17	0.3	0.14	0.36
Cash Flow Coverage Ratios	0.27	0.29	0.24	0.13	0.12	0.03	0.27	0.03	0.46	0.54	0.3	0.21	0.35	0.21	0.17	0.36	0.13	0.39	0.16	0.5	0.44	0.38
Short Term Coverage Ratios	-	-	4.05	2.64	5.42	0.66	12.11	111.4	-	8.24	1.29	2.07	5.94	1.16	0.99	11.85	1.46	3.45	1.31	1.62	2.1	1.29
Capital Expenditure Coverage Ratio	0.78	2.22	1.78	10.24	4.02	0.96	2.75	0.72	3.04	2.64	2.18	1.31	2.5	3.24	2.92	6.3	0.6	1.06	0.46	1.42	1.16	1.56
Dividend Paid And Capex Coverage Ratio	0.71	1.81	1.78	10.22	4.01	0.94	2.6	0.47	1.38	2.64	2.18	1.19	2.25	2.36	2.29	5.56	0.58	0.93	0.4	1.26	0.99	1.35
Dividend Payout Ratio	0.93	0.33	-0.01	-0.0	-0.0	-0.0	0.31	-0.27	0.82	0.0	-0.02	-0.18	0.16	0.28	0.07	0.06	0.1	1.1	0.19	0.13	0.17	0.09
Price To Free Cash Flows Ratio, P/FCF	-5.06	2.09	1.77	1.06	1.99	-91.15	1.39	-18.12	5.72	4.15	1.92	4.94	6.03	5.07	7.93	5.3	-15.85	93.06	-14.45	24.68	84.71	43.4
Price To Operating Cash Flows Ratio, P/OCF	1.4	1.15	0.78	0.95	1.49	4.17	0.89	6.99	3.83	2.58	1.04	1.16	3.62	3.51	5.22	4.46	10.73	4.86	16.91	7.32	11.75	15.59
Price Cash Flow Ratio, P/CF	1.4	1.15	0.78	0.95	1.49	4.17	0.89	6.99	3.83	2.58	1.04	1.16	3.62	3.51	5.22	4.46	10.73	4.86	16.91	7.32	11.75	15.59
Enterprise Value Multiple, EV	3	4	4.04	5.24	7.25	72.09	4.06	10.74	4.28	4.07	13.98	272.65	6.07	5.4	7.47	7.05	10.76	9.71	5.44	6.35	7.46	8.66
Price Fair Value, P/FV	6	-3	-1.61	-0.83	-1.02	-0.89	-79.66	-2.15	2.77	4.66	-2.85	-11.5	1.79	1.07	1.31	2.93	2.55	2.58	2.62	3.47	4.46	6.56

All numbers in RUB currency

Quarterly Financial Ratios Аэрофлот

	2024-Q3	2024-Q2	2024-Q1	2023-Q4	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2012-Q4	2012-Q3	2012-Q2	2011-Q4	2011-Q3	2011-Q2	2010-Q4	2010-Q3	2010-Q2	2009-Q4	2008-Q4
Price Earnings Ratio, P/E	2.55	1.49	43.9	0.349	-3.76	-0.771	-0.634	-0.223	0.642	-1.93	3.65	-15.8	-1.6	-0.977	-1.01	-0.622	-1.12	-5.05	1.17	5.97	-1.89	-2.03	1.29	7.69	-4.73	-10.9	2.48	7.64	-10.1	-9.62	0.918	33.6	29.3	-2.13	1.86	-5.91	-5.25	-0.905	-6.39	-17.1	-16.7	-3.09	1.05	-	-4.49	1.58	-	3.85	13.3	-	-38.2	2.75	-	-7.34	-
Price Sales Ratio, P/S	0.818	1.18	1.1	0.805	0.863	1.18	0.972	0.963	0.988	1.09	1	1.37	2.13	2.52	0.928	3.41	0.719	0.876	0.632	0.762	0.923	0.91	0.715	1.24	1.89	1.41	1.41	1.92	2.11	1.73	0.962	0.807	0.703	0.688	0.343	0.458	0.407	0.502	0.581	0.85	0.832	1.48	0.754	-	0.974	0.746	-	1.36	1.28	-	2.8	2.12	-	2.67	-
Price To Book Ratio, P/B	-5.76	-5.45	-2.26	-1.61	-0.885	-0.954	-1.23	-1.04	-0.609	-1.02	-1.48	-1.34	-1.13	-1.59	-0.428	-0.837	-0.742	-79.7	-11.5	-4.18	-2.67	3.05	2.3	5.24	3.72	2.75	3.52	8.26	5.34	4.66	3.57	-43.4	-37.8	-2.85	-4.2	32.6	29	-11.5	1.01	1.03	1	1.79	1.03	-	1.07	0.978	-	1.35	1.55	-	2.93	2.47	-	2.47	-
Price Earnings To Growth Ratio, PEG	-0.053	0.0	-0.443	-0.0	0.047	-0.07	0.012	-0.0	-0.002	0.007	-0.007	0.177	0.038	3.58	0.023	-0.005	-0.006	0.041	0.003	-0.045	-0.49	0.009	-0.008	0.103	-0.029	0.093	0.013	-0.03	-2	0.086	0.0	-	-0.267	0.009	-0.005	-	0.064	-0.002	-0.062	-	0.19	0.02	-	-	0.033	-	-	0.017	-	-	0.352	-	-	0.048	-
Operating Cash Flow Per Share	6.95	17.9	14.2	18	9.37	8.88	8.88	5.95	5.09	7.99	7.85	17.1	6.69	-4.29	13.4	4.92	10.6	19.6	23	41.2	33.1	-12.7	-4.31	23.2	7.56	-8.04	4.3	24.3	16.1	0.214	0.891	35.6	35.6	14	6.77	20.2	20.2	1.16	6	12.6	12.6	0.568	5.2	-	-2.55	0.67	-	-3.46	-0.316	-	3.95	3.47	-	-0.493	-
Free Cash Flow Per Share	7.84	10.8	6.97	2.99	2.22	7.29	7.29	4.59	4.65	4.47	5.53	15	4.69	-6	7.28	2.29	2.41	6.99	12.6	28.7	26	-20.1	-10.9	19.7	4.84	-11.9	-1.77	23.1	15.2	-3.33	-5.71	28.1	28.1	4.74	1.74	13.9	13.9	-9.66	-2.44	7.88	7.88	-6.14	4.4	-	-3.25	-0.48	-	-5	-1.1	-	3.47	2.68	-	-1.85	-
Cash Per Share	30.9	29.9	27.9	29.8	35.6	41.3	-	27.4	-	39.1	38.9	47.2	32.6	39.1	40.5	45.8	28.7	19.9	23.3	36.9	36.3	23.2	44.5	71.8	46.5	42.2	47.1	68	-	29.2	46.8	55.5	55.5	28.3	26.4	47.4	47.4	21.2	23.7	34.8	34.8	14.7	19.2	-	11.9	14.7	-	10.5	14.5	-	16.1	15.7	-	3.04	-
Payout Ratio	-	-	-	0.001	-	-	-	-	-	-0.001	-	-0.005	-	-0.001	-0.001	-	-0.023	-0.041	0.104	-	-	-0.017	0.512	0.001	-0.001	-0.003	0.779	-	-	-0.008	-	-	-	-0.003	0.005	-0.01	-0.01	-0.009	-1.22	-0.03	-0.03	-0.014	0.071	-	-0.023	-	-	0.004	1.14	-	-0.005	-	-	-0.057	-
Dividend Yield	-	-	-	0.0	-	-	-	-	-	0.0	-	0.0	-	0.0	0.0	-	0.005	0.002	0.022	-	-	0.002	0.099	0.0	0.0	0.0	0.078	-	-	0.0	-	-	-	0.0	0.001	0.0	0.0	0.003	0.048	0.0	0.0	0.001	0.017	-	0.001	-	-	0.0	0.022	-	0.0	-	-	0.002	-
Current Ratio	0.671	0.652	0.645	0.739	0.79	0.817	-	0.863	-	0.698	0.703	0.702	0.571	0.658	0.482	0.527	0.534	0.619	0.672	0.599	0.571	0.927	1.1	0.98	1.1	1.19	1.23	1.02	-	1.08	1.12	0.925	0.925	0.749	0.787	0.712	0.712	0.682	1.01	0.986	0.986	1.2	1.36	1.14	1.04	1.08	0.969	0.993	1.47	1.29	1.42	1.45	1.27	1.03	1.06
Quick Ratio	0.544	0.554	0.551	0.645	0.726	0.76	-	0.8	-	0.633	0.642	0.645	0.518	0.598	0.43	0.467	0.474	0.553	0.604	0.541	0.516	0.834	1.02	0.913	1.02	1.1	1.14	0.963	-	0.995	1.05	0.875	0.875	0.707	0.746	0.674	0.674	0.634	0.94	0.933	0.933	1.13	1.29	1.09	0.976	1.02	0.921	0.935	1.4	1.23	1.35	1.39	1.22	0.969	0.986
Cash Ratio	0.174	0.186	0.216	0.245	0.245	0.223	-	0.193	-	0.272	0.263	0.32	0.22	0.316	0.084	0.137	0.094	0.054	0.067	0.147	0.147	0.151	0.329	0.412	0.347	0.326	0.361	0.417	-	0.261	0.373	0.302	0.302	0.172	0.18	0.274	0.274	0.196	0.34	0.377	0.377	0.275	0.366	0.294	0.221	0.253	0.223	0.196	0.405	0.511	0.537	0.507	0.444	0.106	0.137
Days Of Sales Outstanding, DSO	1.05	2.7	-0.166	-	-	-	-	-	-	28.8	23.8	55.6	38.8	36.5	33.9	82.4	30.6	32.6	27.6	31.2	44.7	4.56	-0.081	-0.149	-0.269	70.3	-	-	-	-	-	-	20.5	-	-	-	26.6	0.037	-	-	32.3	0.368	-	-	-	-	-	-1.16	-	-	-	-	-	-	-
Days Of Inventory Outstanding, DIO	23.1	22.4	21.8	15	13.8	15.3	-	10.2	-	18	10.4	13	15.6	26.8	16.1	24	11.2	15.5	8.54	9.25	9.35	8.17	7.71	9.02	9.32	8.81	7.87	8.4	-	7.65	7.42	8.03	8.03	6.69	6.04	7.3	7.3	7.16	6.46	7.03	7.03	5.7	5.83	-	4.11	8	-	10.2	9.43	-	12.1	10.5	-	14.1	-
Days Of Payables Outstanding, DPO	35.1	40.6	38.7	28.9	27.6	31.9	-	16.9	-	40.1	24.7	29.7	28.9	47.8	32	37.7	28.6	38.2	23.4	27.6	27.5	22.6	24.1	28.4	24.2	47.9	24.1	23.3	-	18	26.2	64.8	64.8	26.5	28.5	64.6	64.6	29.8	46	64.4	64.4	21.9	28.8	-	13.5	59	-	39	89.8	-	98.5	119	-	136	-
Operating Cycle	24.1	25.1	21.7	15	13.8	15.3	-	10.2	-	46.8	34.2	68.6	54.4	63.3	50.1	106	41.8	48.1	36.1	40.5	54	12.7	7.63	8.87	9.05	79.1	7.87	8.4	-	7.65	7.42	8.03	28.5	6.69	6.04	7.3	33.9	7.2	6.46	7.03	39.3	6.07	5.83	-	4.11	8	-	9	9.43	-	12.1	10.5	-	14.1	-
Cash Conversion Cycle	-10.9	-15.5	-17	-13.9	-13.9	-16.6	-	-6.69	-	6.7	9.47	38.9	25.5	15.5	18.1	68.7	13.2	9.84	12.7	12.8	26.5	-9.89	-16.4	-19.5	-15.1	31.2	-16.3	-14.9	-	-10.4	-18.8	-56.8	-36.3	-19.8	-22.4	-57.3	-30.7	-22.6	-39.6	-57.4	-25.1	-15.8	-23	-	-9.42	-51	-	-30	-80.4	-	-86.4	-108	-	-122	-
Gross Profit Margin	0.211	0.223	0.175	-0.117	0.143	0.066	0.171	-0.513	0.027	0.309	0.14	0.036	-0.28	0.167	-0.132	-1.51	-0.094	0.411	0.225	0.115	-0.066	-0.111	0.186	0.066	-0.104	-0.021	0.208	0.11	-0.055	-0.031	0.271	0.14	0.14	0.053	0.249	0.061	0.061	0.014	0.141	0.056	0.056	-0.07	0.244	-	-0.581	0.303	-	0.288	0.478	-	0.451	0.505	-	0.501	-
Operating Profit Margin	0.051	0.189	0.177	0.653	0.389	0.017	-0.012	-0.438	-0.031	-0.081	0.14	0.071	-0.241	-0.456	-0.125	-1.29	-0.106	-0.007	0.221	0.118	-0.043	-0.118	0.185	0.074	-0.104	-0.011	0.201	0.096	-0.048	-0.032	0.277	0.104	0.104	0.069	0.233	0.033	0.033	-0.029	0.156	-0.01	-0.01	-0.096	0.235	-	-0.041	0.136	-	-0.05	0.165	-	0.052	0.211	-	-0.032	-
Pretax Profit Margin	-0.016	0.252	0.02	0.728	-0.039	-0.502	-0.509	-1.4	0.508	-0.184	0.09	-0.027	-0.403	-0.776	-0.301	-1.73	-0.251	-0.064	0.16	0.053	-0.143	-0.138	0.177	0.054	-0.123	-0.031	0.189	0.091	-0.063	-0.05	0.322	0.037	0.037	-0.09	0.084	-0.019	-0.019	-0.158	-0.021	-0.009	-0.009	-0.113	0.233	-	-0.033	0.157	-	0.07	0.028	-	-0.015	0.254	-	-0.076	-
Net Profit Margin	0.08	0.198	0.006	0.576	-0.057	-0.384	-0.383	-1.08	0.385	-0.142	0.069	-0.022	-0.333	-0.644	-0.23	-1.37	-0.16	-0.043	0.135	0.032	-0.122	-0.112	0.139	0.04	-0.1	-0.032	0.142	0.063	-0.052	-0.045	0.262	0.006	0.006	-0.081	0.046	-0.019	-0.019	-0.139	-0.023	-0.012	-0.012	-0.12	0.18	-	-0.054	0.118	-	0.089	0.024	-	-0.018	0.192	-	-0.091	-
Effective Tax Rate	-5.2	0.198	0.68	0.218	-0.252	0.208	-0.205	0.192	0.196	0.231	0.225	0.186	0.174	0.17	0.172	0.189	0.276	0.308	0.147	0.246	0.2	0.166	0.217	0.245	0.159	-0.033	0.245	0.314	0.174	0.124	0.185	0.7	0.7	0.122	0.521	-0.074	-0.074	-0.036	0.186	-0.581	-0.581	-0.215	0.195	-	-1.12	0.235	-	-0.056	0.841	-	-0.445	0.206	-	-0.23	-
Return On Assets, ROA	0.018	0.037	0.001	0.088	-0.01	-0.051	-	-0.112	-	-0.017	0.01	-0.002	-0.025	-0.043	-0.019	-0.036	-0.019	-0.007	0.03	0.006	-0.017	-0.051	0.083	0.017	-0.033	-0.013	0.073	0.024	-	-0.017	0.125	0.002	0.002	-0.027	0.02	-0.006	-0.006	-0.042	-0.009	-0.003	-0.003	-0.042	0.077	-	-0.017	0.047	-	0.024	0.008	-	-0.005	0.055	-	-0.02	-
Return On Equity, ROE	-0.565	-0.916	-0.013	-1.15	0.059	0.309	0.486	1.17	-0.237	0.133	-0.101	0.021	0.177	0.406	0.106	0.336	0.165	3.95	-2.46	-0.175	0.354	-0.375	0.447	0.17	-0.197	-0.063	0.355	0.27	-0.133	-0.121	0.971	-0.323	-0.323	0.334	-0.563	-1.38	-1.38	3.18	-0.039	-0.015	-0.015	-0.145	0.246	-	-0.06	0.155	-	0.088	0.029	-	-0.019	0.224	-	-0.084	-
Return On Capital Employed, ROCE	0.018	0.055	0.041	0.144	0.102	0.004	-	-0.063	-	-0.013	0.028	0.011	-0.027	-0.042	-0.016	-0.048	-0.017	-0.001	0.065	0.029	-0.008	-0.108	0.207	0.076	-0.07	-0.008	0.184	0.083	-	-0.021	0.23	0.074	0.074	0.053	0.223	0.023	0.023	-0.017	0.091	-0.004	-0.004	-0.05	0.146	-	-0.02	0.088	-	-0.022	0.075	-	0.019	0.082	-	-0.01	-
Net Income Per Ebt	-4.96	0.786	0.314	0.792	1.46	0.764	0.752	0.769	0.758	0.769	0.764	0.814	0.826	0.83	0.763	0.792	0.639	0.68	0.84	0.602	0.857	0.808	0.786	0.739	0.816	1.04	0.75	0.689	0.836	0.907	0.813	0.164	0.164	0.9	0.546	1.04	1.04	0.88	1.08	1.45	1.45	1.06	0.773	-	1.62	0.751	-	1.26	0.874	-	1.2	0.758	-	1.19	-
Ebt Per Ebit	-0.316	1.34	0.113	1.11	-0.101	-29.7	43.8	3.2	-16.2	2.26	0.642	-0.376	1.67	1.7	2.4	1.34	2.36	9.52	0.724	0.448	3.34	1.17	0.954	0.74	1.18	2.73	0.941	0.95	1.31	1.54	1.16	0.353	0.353	-1.3	0.362	-0.562	-0.562	5.48	-0.135	0.871	0.871	1.18	0.989	-	0.825	1.16	-	-1.39	0.168	-	-0.293	1.2	-	2.4	-
Ebit Per Revenue	0.051	0.189	0.177	0.653	0.389	0.017	-0.012	-0.438	-0.031	-0.081	0.14	0.071	-0.241	-0.456	-0.125	-1.29	-0.106	-0.007	0.221	0.118	-0.043	-0.118	0.185	0.074	-0.104	-0.011	0.201	0.096	-0.048	-0.032	0.277	0.104	0.104	0.069	0.233	0.033	0.033	-0.029	0.156	-0.01	-0.01	-0.096	0.235	-	-0.041	0.136	-	-0.05	0.165	-	0.052	0.211	-	-0.032	-
Debt Ratio	0.606	0.621	0.667	0.671	0.689	0.66	-	0.638	-	0.719	0.712	0.734	0.756	0.739	0.769	0.715	0.71	0.614	0.622	0.614	0.649	0.305	0.285	0.265	0.274	0.321	0.332	0.373	-	0.478	0.499	0.548	0.548	0.739	0.647	0.556	0.556	0.625	0.484	0.433	0.433	0.408	0.395	0.41	0.414	0.406	0.385	0.425	0.46	0.404	0.452	0.436	0.451	0.425	0.38
Debt Equity Ratio	-18.7	-15.5	-8.77	-8.74	-4.14	-4.04	-	-6.68	-	-5.76	-6.89	-6.35	-5.29	-6.97	-4.23	-6.71	-6.21	-339	-51.2	-18.9	-13.5	2.23	1.54	2.65	1.61	1.58	1.61	4.24	-	3.37	3.87	-86.6	-86.6	-9.13	-18	137	137	-47.8	2.18	1.92	1.92	1.42	1.25	1.72	1.46	1.34	1.47	1.52	1.7	1.46	1.82	1.79	2.26	1.78	1.35
Long Term Debt To Capitalization	-2.2	-1.57	-0.732	-1.08	-0.407	-0.556	-	-12	-	-4.84	-3.34	-2.69	-0.58	-0.993	-0.146	-0.218	-0.043	2.1	-0.385	-0.114	-0.073	0.071	0.051	0.084	0.056	0.046	0.045	0.205	-	0.207	0.272	1.09	1.09	-1.29	-10.5	0.807	0.807	2.12	0.097	0.124	0.124	0.122	0.116	0.178	0.119	0.068	0.058	0.207	0.488	0.463	0.526	0.53	0.584	0.46	0.385
Total Debt To Capitalization	1.06	1.07	1.13	1.13	1.32	1.33	-	1.18	-	1.21	1.17	1.19	1.23	1.17	1.31	1.18	1.19	1	1.02	1.06	1.08	0.691	0.607	0.726	0.617	0.613	0.616	0.809	-	0.771	0.795	1.01	1.01	1.12	1.06	0.993	0.993	1.02	0.686	0.658	0.658	0.587	0.556	0.633	0.593	0.573	0.594	0.604	0.63	0.594	0.645	0.641	0.693	0.64	0.574
Interest Coverage	-	-	-	5.98	3.58	0.13	-	-2.95	-	-0.96	2.2	0.848	-1.87	-2.76	-0.958	-2.91	-1.18	-0.094	3.86	1.55	-0.433	-9.09	22.1	9.78	-6.75	-0.67	16.2	6.5	-2.52	-2.14	19.4	-	-	3.21	15.1	-	-	-1.52	13.5	-	-	-13.5	22.6	-	-5.33	9.19	-	-2.21	8.13	-	1.85	8.82	-	-5.59	-
Cash Flow To Debt Ratio	0.04	0.103	0.075	0.094	0.048	0.05	-	0.038	-	0.024	0.024	0.052	0.021	-0.014	0.018	0.007	0.019	0.044	0.05	0.089	0.067	-0.172	-0.061	0.329	0.112	-0.101	0.051	0.243	-	0.002	0.007	0.209	0.209	0.078	0.045	0.126	0.126	0.009	0.064	0.119	0.119	0.009	0.078	-	-0.042	0.011	-	-0.061	-0.006	-	0.08	0.072	-	-0.012	-
Company Equity Multiplier	-30.9	-25	-13.1	-13	-6.01	-6.12	-	-10.5	-	-8.01	-9.69	-8.65	-7	-9.43	-5.51	-9.39	-8.75	-552	-82.3	-30.9	-20.9	7.32	5.41	9.99	5.89	4.93	4.85	11.4	-	7.05	7.77	-158	-158	-12.3	-27.8	246	246	-76.5	4.52	4.44	4.44	3.48	3.17	4.2	3.52	3.31	3.81	3.58	3.7	3.61	4.01	4.1	5.01	4.18	3.55
Receivables Turnover	85.6	33.4	-541	-	-	-	-	-	-	3.13	3.78	1.62	2.32	2.47	2.65	1.09	2.94	2.76	3.26	2.88	2.02	19.7	-1.11 K	-606	-334	1.28	-	-	-	-	-	-	4.39	-	-	-	3.39	2.44 K	-	-	2.79	245	-	-	-	-	-	-77.5	-	-	-	-	-	-	-
Payables Turnover	2.57	2.22	2.33	3.11	3.26	2.82	-	5.33	-	2.24	3.64	3.03	3.12	1.88	2.81	2.39	3.15	2.35	3.84	3.26	3.28	3.98	3.74	3.17	3.72	1.88	3.73	3.87	-	4.99	3.44	1.39	1.39	3.4	3.16	1.39	1.39	3.02	1.96	1.4	1.4	4.12	3.13	-	6.65	1.53	-	2.31	1	-	0.913	0.757	-	0.661	-
Inventory Turn Over	3.9	4.02	4.12	5.99	6.54	5.88	-	8.82	-	4.99	8.67	6.92	5.75	3.35	5.58	3.75	8	5.82	10.5	9.73	9.62	11	11.7	9.98	9.65	10.2	11.4	10.7	-	11.8	12.1	11.2	11.2	13.4	14.9	12.3	12.3	12.6	13.9	12.8	12.8	15.8	15.4	-	21.9	11.2	-	8.86	9.55	-	7.43	8.57	-	6.37	-
Fixed Asset Turnover	0.371	0.288	0.237	0.23	0.286	0.23	-	0.162	-	0.171	0.22	0.17	0.114	0.1	0.123	0.037	0.167	0.227	0.304	0.245	0.191	1.3	1.91	1.54	1.15	1.15	1.55	1.2	-	0.863	1.17	0.818	1.11	0.756	1.01	0.622	0.778	0.572	0.715	0.521	0.589	0.719	0.961	-	0.677	1.07	-	0.748	0.613	-	0.539	0.566	-	0.412	-
Asset Turnover	0.228	0.185	0.156	0.154	0.171	0.132	-	0.104	-	0.117	0.152	0.112	0.076	0.067	0.084	0.026	0.118	0.165	0.222	0.178	0.139	0.459	0.595	0.424	0.334	0.396	0.515	0.379	-	0.383	0.478	0.341	0.341	0.335	0.441	0.29	0.29	0.299	0.384	0.272	0.272	0.348	0.429	-	0.313	0.396	-	0.276	0.328	-	0.261	0.284	-	0.222	-
Operating Cash Flow Sales Ratio	0.105	0.345	0.321	0.413	0.195	0.25	0.277	0.236	0.135	0.148	0.113	0.342	0.212	-0.151	0.168	0.205	0.112	0.166	0.141	0.309	0.313	-0.114	-0.029	0.205	0.092	-0.082	0.033	0.239	0.202	0.002	0.007	0.336	0.336	0.172	0.066	0.242	0.242	0.018	0.081	0.19	0.19	0.01	0.072	-	-0.055	0.011	-	-0.094	-0.008	-	0.138	0.11	-	-0.024	-
Free Cash Flow Operating Cash Flow Ratio	1.13	0.601	0.491	0.166	0.237	0.821	0.821	0.772	0.914	0.56	0.704	0.882	0.702	1.4	0.543	0.466	0.227	0.357	0.549	0.698	0.784	1.58	2.53	0.848	0.64	1.49	-0.413	0.95	0.95	-15.6	-6.4	0.789	0.789	0.338	0.257	0.687	0.687	-8.35	-0.406	0.626	0.626	-10.8	0.846	-	1.28	-0.717	-	1.44	3.48	-	0.879	0.773	-	3.76	-
Cash Flow Coverage Ratios	0.04	0.103	0.075	0.094	0.048	0.05	-	0.038	-	0.024	0.024	0.052	0.021	-0.014	0.018	0.007	0.019	0.044	0.05	0.089	0.067	-0.172	-0.061	0.329	0.112	-0.101	0.051	0.243	-	0.002	0.007	0.209	0.209	0.078	0.045	0.126	0.126	0.009	0.064	0.119	0.119	0.009	0.078	-	-0.042	0.011	-	-0.061	-0.006	-	0.08	0.072	-	-0.012	-
Short Term Coverage Ratios	0.973	2	1.33	1.61	0.838	0.701	-	0.779	-	1.09	0.957	2.35	0.439	-0.294	0.337	0.114	0.333	2.03	340	409	3.65	-94.8	-33.3	181	58.8	-	-	3.3	-	0.03	0.072	2.01	2.01	0.336	0.288	0.822	0.822	0.086	1.12	2.16	2.16	0.146	1.73	-	-0.231	0.053	-	-0.365	-0.091	-	2.61	1.63	-	-0.136	-
Capital Expenditure Coverage Ratio	7.78	2.51	1.96	1.2	1.31	5.58	5.58	4.38	11.6	2.27	3.38	8.44	3.35	-2.51	2.19	1.87	1.29	1.56	2.22	3.31	4.64	-1.73	-0.652	6.6	2.78	-2.06	0.708	20.1	19.9	0.06	0.135	4.74	4.74	1.51	1.35	3.2	3.2	0.107	0.711	2.68	2.68	0.085	6.49	-	-3.62	0.583	-	-2.26	-0.403	-	8.3	4.4	-	-0.363	-
Dividend Paid And Capex Coverage Ratio	7.78	2.51	1.96	1.2	1.31	5.58	5.58	4.38	11.6	2.27	3.38	8.42	3.35	-2.49	2.18	1.87	1.24	1.53	1.82	3.31	4.64	-1.68	-0.251	6.59	2.77	-2.05	0.21	20.1	19.9	0.06	0.135	4.74	4.74	1.51	1.34	3.19	3.19	0.106	0.571	2.66	2.66	0.083	3.01	-	-3.35	0.583	-	-2.24	-0.165	-	8.25	4.4	-	-0.336	-
Dividend Payout Ratio	-	-	-	0.001	-	-	-	-	-	-0.001	-	-0.005	-	-0.001	-0.001	-	-0.023	-0.041	0.104	-	-	-0.017	0.512	0.001	-0.001	-0.003	0.779	-	-	-0.008	-	-	-	-0.003	0.005	-0.01	-0.01	-0.009	-1.22	-0.03	-0.03	-0.014	0.071	-	-0.023	-	-	0.004	1.14	-	-0.005	-	-	-0.057	-
Price To Free Cash Flows Ratio, P/FCF	6.89	5.69	6.98	11.7	18.7	5.77	4.28	5.28	8	13.2	12.7	4.56	14.3	-11.9	10.2	35.7	28.3	14.8	8.17	3.53	3.76	-5.05	-9.72	7.09	32.2	-11.6	-104	8.45	11	-45.9	-20.5	3.04	2.65	11.8	20.2	2.75	2.45	-3.34	-17.7	7.16	7	-13.6	12.4	-	-13.8	-91.2	-	-10.1	-47.6	-	23	24.9	-	-29.7	-
Price To Operating Cash Flows Ratio, P/OCF	7.78	3.42	3.42	1.95	4.43	4.74	3.51	4.08	7.31	7.41	8.91	4.02	10.1	-16.6	5.52	16.6	6.44	5.29	4.49	2.46	2.95	-7.97	-24.6	6.02	20.6	-17.2	42.8	8.03	10.5	715	131	2.4	2.09	4	5.21	1.89	1.68	27.9	7.2	4.48	4.39	147	10.5	-	-17.7	65.4	-	-14.6	-165	-	20.3	19.2	-	-112	-
Price Cash Flow Ratio, P/CF	7.78	3.42	3.42	1.95	4.43	4.74	3.51	4.08	7.31	7.41	8.91	4.02	10.1	-16.6	5.52	16.6	6.44	5.29	4.49	2.46	2.95	-7.97	-24.6	6.02	20.6	-17.2	42.8	8.03	10.5	715	131	2.4	2.09	4	5.21	1.89	1.68	27.9	7.2	4.48	4.39	147	10.5	-	-17.7	65.4	-	-14.6	-165	-	20.3	19.2	-	-112	-
Enterprise Value Multiple, EV	47.5	17.2	25.4	4.57	17.5	-15	142	-6.84	-59.3	42.5	15.7	24.2	112	-148	51.5	-385	119	25.7	9.88	14.2	34.8	-13.8	4.67	15.9	-32.7	127	7.88	17.2	-206	296	4.7	14.9	14.1	31.1	12.8	25.7	25	55.6	65.7	64.1	63.5	-36.7	5.25	-	242	7.8	-	20	11	-	31.2	10.3	-	-295	-
Price Fair Value, P/FV	-5.76	-5.45	-2.26	-1.61	-0.885	-0.954	-1.23	-1.04	-0.609	-1.02	-1.48	-1.34	-1.13	-1.59	-0.428	-0.837	-0.742	-79.7	-11.5	-4.18	-2.67	3.05	2.3	5.24	3.72	2.75	3.52	8.26	5.34	4.66	3.57	-43.4	-37.8	-2.85	-4.2	32.6	29	-11.5	1.01	1.03	1	1.79	1.03	-	1.07	0.978	-	1.35	1.55	-	2.93	2.47	-	2.47	-

All numbers in RUB currency

Multiples are an important financial analysis tool for the company Аэрофлот, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios

Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
Accelerated Assessment of Investment Attractiveness
Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

Financial Ratios of other stocks in the Airlines industry

Issuer	Price	% 24h	Market Cap	Country
Авиакомпания Utair UTAR	-	-	-	Russia
China Southern Airlines Company Limited ZNH	-	-	$ 134 B	China
Azul S.A. AZUL	-	-	$ 842 M	Brasil
China Eastern Airlines Corporation Limited CEA	-	2.55 %	$ 120 B	China
Gol Linhas Aéreas Inteligentes S.A. GOL	-	3.23 %	$ 2.47 B	Brasil
Atlas Air Worldwide Holdings AAWW	-	0.03 %	$ 2.93 B	USA
Ryanair Holdings plc RYAAY	$ 55.36	1.21 %	$ 61 B	Irlanda
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. VLRS	$ 6.85	3.16 %	$ 7.88 B	Mexico
American Airlines Group AAL	$ 13.13	1.23 %	$ 8.67 B	USA
Allegiant Travel Company ALGT	$ 78.16	3.03 %	$ 1.41 B	USA
Alaska Air Group ALK	$ 42.04	1.59 %	$ 4.97 B	USA
Copa Holdings, S.A. CPA	$ 132.31	2.18 %	$ 5.46 B	Panama
Delta Air Lines DAL	$ 80.17	1.8 %	$ 52 B	USA
Hawaiian Holdings HA	-	-	$ 929 M	USA
JetBlue Airways Corporation JBLU	$ 4.63	0.43 %	$ 1.68 B	USA
Southwest Airlines Co. LUV	$ 39.62	2.38 %	$ 21.4 B	USA
Mesa Air Group MESA	-	1410.79 %	$ 829 M	USA
Spirit Airlines SAVE	-	-	$ 118 M	USA
SkyWest SKYW	$ 99.06	2.93 %	$ 3.99 B	USA
United Airlines Holdings UAL	$ 111.38	2.5 %	$ 36.2 B	USA

Аэрофлот Financial Ratios 2025-2004 | AFLT

Brief overview of Аэрофлот's market valuation

Valuation takeaway

Annual Financial Ratios Аэрофлот

Price Earnings Ratio, P/E

Price Sales Ratio, P/S

Price To Book Ratio, P/B

Price Earnings To Growth Ratio, PEG

Operating Cash Flow Per Share

Free Cash Flow Per Share

Cash Per Share

Payout Ratio

Dividend Yield

Current Ratio

Quick Ratio

Cash Ratio

Days Of Sales Outstanding, DSO

Days Of Inventory Outstanding, DIO

Days Of Payables Outstanding, DPO

Operating Cycle

Cash Conversion Cycle

Gross Profit Margin

Operating Profit Margin

Pretax Profit Margin

Net Profit Margin

Effective Tax Rate

Return On Assets, ROA

Return On Equity, ROE

Return On Capital Employed, ROCE

Net Income Per Ebt

Ebt Per Ebit

Ebit Per Revenue

Debt Ratio

Debt Equity Ratio

Long Term Debt To Capitalization

Total Debt To Capitalization

Interest Coverage

Cash Flow To Debt Ratio

Company Equity Multiplier

Receivables Turnover

Payables Turnover

Inventory Turn Over

Fixed Asset Turnover

Asset Turnover

Operating Cash Flow Sales Ratio

Free Cash Flow Operating Cash Flow Ratio

Cash Flow Coverage Ratios

Short Term Coverage Ratios

Capital Expenditure Coverage Ratio

Dividend Paid And Capex Coverage Ratio

Dividend Payout Ratio

Price To Free Cash Flows Ratio, P/FCF

Price To Operating Cash Flows Ratio, P/OCF

Price Cash Flow Ratio, P/CF

Enterprise Value Multiple, EV

Price Fair Value, P/FV