| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 87 | 9.9x | 17.8x | Top tier | |
Growth | 57 | — | 7.1% | Around median | |
Quality | 58 | — | 4.5% | Around median | |
Safety | 83 | — | 2.6x | Top tier | |
Capital Return | 35 | 1.04% | 2.12% | Bottom tier | |
Momentum | 30 | -0.6% | 2.9% | Bottom tier | |
Sentiment | 42 | 4 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Ryanair Holdings operates a low-cost European airline network, and its revenue model is based on the sale of scheduled seats alongside ancillary services such as baggage and seat selection. In Q1 FY2027, the group carried 61.3 million passengers, up 6%, while scheduled revenue amounted to €2.91 billion, down 1% due to a 6% decline in average fares. Ancillary revenue was about €24 per passenger, with total ancillary sales growing roughly in line with traffic despite remaining flat on a per-passenger basis.
In Q1 FY2027, profit after tax was €538 million, down 34% from €820 million in the comparative period, as the price of unhedged jet fuel doubled to $151 per barrel and the first half of the Easter holiday shifted to Q4 of the previous fiscal year. Unit cost rose 5%, while unit cost excluding fuel increased by only 2%, showing that the pressure on profitability came mainly from fuel, a 5% decline in revenue per passenger, and a 6% fall in fares, rather than a loss of control over core operating expenses.
On an annual basis, revenue increased from $10.8 billion in FY2023 to $13.4 billion in FY2024 and then $13.9 billion in FY2025. However, net income declined from $1.9 billion in FY2024 to $1.6 billion in FY2025, while earnings per share fell from 1.6743 to 1.4549, indicating that revenue growth did not fully translate into profit growth during FY2025.
The analyst consensus is “Buy,” with an average price target of $73.97 and a relatively wide range between $62.9 and $80. The average target is very close to the upper end of the 52-week range of $74.24, while the highest target exceeds that level and the lowest target falls within it, reflecting differing assessments of the impact of weak fares and fuel versus balance-sheet strength and cost advantages. The data did not provide a valid comparable price-to-earnings ratio, so the target range and the 52-week range between $53.14 and $74.24 remain the available valuation anchors.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
Passenger numbers rose 6% to 61.3 million in Q1 FY2027, but average fares declined 6% and revenue per passenger fell 5%. The price of unhedged jet fuel doubled to $151 per barrel, raising unit cost by 5%. As a result, profit after tax declined 34% to €538 million from €820 million, while the Easter comparison, which benefited the previous period, also had an impact.
On July 20, 2026, management maintained its FY2027 traffic target of 216 million passengers, representing 4% growth. The company expects growth of about 6% in the first half and then 2% in the second half due to reduced winter schedules. Q2 FY2027 fares are now trending toward a low- or mid-single-digit decline, and management did not provide full-year profit guidance due to limited visibility for the second half.
The company covered 80% of its FY2027 fuel at $67 per barrel, limiting the impact of oil shocks on most of its consumption. 20% remained unhedged, and the price of this portion doubled to $151 per barrel in Q1 FY2027, contributing to the decline in profit. Ryanair also began hedging FY2028 at 15% at about $85 per barrel and covered about 18% of its operating expenses for that year at an exchange rate of $1.20 per euro.
Automated analysis for informational purposes only — not investment advice.
Ryanair's order includes 300 MAX 10 aircraft scheduled for delivery through March 2034. According to management, the aircraft provides 20% more seats with 20% lower fuel consumption, which could reduce cost per passenger and create greater scope for ancillary revenue. On the July 20, 2026 call, the company said the first 15 delivery slots were protected for spring 2027, but delivery depends on Boeing completing certification, which it was targeting for late September or mid-October 2026.
Ryanair repaid a €1.2 billion bond in May 2026 and ended Q1 FY2027 with gross liquidity exceeding €2.8 billion and 620 unencumbered Boeing 737 aircraft. The €750 million buyback program was 90% complete on July 20, 2026, alongside planned dividends of €400 million during 2026. Capital expenditure estimates are about €2 billion in FY2027 and between €2.7 billion and €3 billion in FY2028, with a target of rebuilding gross liquidity to about €4 billion before an additional buyback program.
Ryanair announced a five-year agreement with Google Cloud on August 11, 2026. The agreement includes deploying Gemini tools and DeepMind models in flight crew scheduling and operational decision support. The use case aims to automate complex tasks and improve responses to real-time changes, but the announcement did not specify financial savings or a numerical profit target.
