(RYAAY) Ryanair Holdings - Overview

Sector: Industrials | Industry: Airlines | Exchange: NASDAQ (USA) | Market Cap: 30.609m USD | Total Return: 39.9% in 12m

Stock Flights, Ancillary Services, In-Flight Sales, Travel Extras, Gift Vouchers
Total Rating 59
Risk 73
Buy Signal -0.16
Airlines -14.7
Passenger Airlines -11.2
Market Cap: 30,609m
Avg Trading Vol: 98.0M USD
ATR: 3.46%
Peers RS (IBD): 55.3
Risk 5d forecast
Volatility39.0%
Rel. Tail Risk-5.79%
Reward TTM
Sharpe Ratio1.07
Alpha23.19
Character TTM
Beta0.629
Beta Downside0.995
Drawdowns 3y
Max DD36.05%
CAGR/Max DD0.51
EPS (Earnings per Share) EPS (Earnings per Share) of RYAAY over the last years for every Quarter: "2021-03": -1.51, "2021-06": -1.45, "2021-09": 1.17, "2021-12": -0.46, "2022-03": -0.48, "2022-06": 0.82, "2022-09": 4.78, "2022-12": 0.91, "2023-03": -0.72, "2023-06": 3.16, "2023-09": 7.18, "2023-12": 0.07, "2024-03": -1.32, "2024-06": 1.7, "2024-09": 2.82, "2024-12": 0.29, "2025-03": -0.6277, "2025-06": 1.7853, "2025-09": 3.71, "2025-12": 0.068, "2026-03": 0,
EPS CAGR: -11.38%
EPS Trend: -18.6%
Last SUE: 0.57
Qual. Beats: 0
Revenue Revenue of RYAAY over the last years for every Quarter: 2021-03: 118.4, 2021-06: 370.5, 2021-09: 1784.4, 2021-12: 1469.9, 2022-03: 1176.1, 2022-06: 2601.5, 2022-09: 4014.6, 2022-12: 2312.1, 2023-03: 1847, 2023-06: 3626.1, 2023-09: 4925.9, 2023-12: 2959.2, 2024-03: 2355.10412, 2024-06: 3626.1, 2024-09: 5065.9, 2024-12: 2959.2, 2025-03: 2297.3, 2025-06: 4337.6, 2025-09: 5479.9, 2025-12: 3214.2, 2026-03: null,
Rev. CAGR: 30.75%
Rev. Trend: 50.7%
Last SUE: 0.07
Qual. Beats: 0
Description: RYAAY Ryanair Holdings

Ryanair Holdings plc (NASDAQ: RYAAY) operates a low-cost, scheduled-passenger airline network across Ireland, Italy, Spain, the United Kingdom and numerous international routes, complemented by a suite of ancillary services such as in-flight sales, car hire, travel insurance, accommodation bookings, airport transfers and gift vouchers.

Key recent metrics show the airline carried 158 million passengers in FY 2023, achieving a record-high load factor of 93.4% and an operating margin of 15.2%, driven by disciplined cost control and strong ancillary revenue growth of 12% YoY.

Sector-wide, Ryanair benefits from a rebound in European leisure travel post-pandemic and from lower average fuel prices this year, which have reduced its cost-per-available-seat-kilometre (CASK) by roughly 4% versus 2022. However, the airline remains exposed to regulatory pressures on emissions and to potential labor cost escalations in the UK and Ireland.

For a deeper dive into Ryanair’s valuation and risk profile, consider exploring the analysis on ValueRay.

Headlines to Watch Out For
  • Fuel price volatility impacts airline operating costs
  • Ancillary services revenue boosts profitability
  • European travel demand drives passenger volume
  • Regulatory changes affect route expansion and pricing
Piotroski VR‑10 (Strict) 6.5
Net Income: 2.24b TTM > 0 and > 6% of Revenue
FCF/TA: -0.00 > 0.02 and ΔFCF/TA -8.75 > 1.0
NWC/Revenue: -14.06% < 20% (prev -5.66%; Δ -8.40% < -1%)
CFO/TA 0.10 > 3% & CFO 1.62b > Net Income 2.24b
Net Debt (-889.0m) to EBITDA (4.09b): -0.22 < 3
Current Ratio: 0.67 > 1.5 & < 3
Outstanding Shares: last quarter (534.3m) vs 12m ago -1.66% < -2%
Gross Margin: 27.06% > 18% (prev 0.18%; Δ 2.69k% > 0.5%)
Asset Turnover: 94.57% > 50% (prev 85.54%; Δ 9.03% > 0%)
Interest Coverage Ratio: 41.83 > 6 (EBITDA TTM 4.09b / Interest Expense TTM 66.5m)
Altman Z'' 2.87
A: -0.13 (Total Current Assets 4.30b - Total Current Liabilities 6.46b) / Total Assets 16.04b
B: 0.47 (Retained Earnings 7.55b / Total Assets 16.04b)
C: 0.17 (EBIT TTM 2.78b / Avg Total Assets 16.21b)
D: 1.01 (Book Value of Equity 7.35b / Total Liabilities 7.26b)
Altman-Z'' Score: 2.87 = A
Beneish M -2.75
DSRI: 1.78 (Receivables 110.4m/56.6m, Revenue 15.33b/14.01b)
GMI: 0.68 (GM 27.06% / 18.28%)
AQI: 0.70 (AQ_t 0.03 / AQ_t-1 0.04)
SGI: 1.09 (Revenue 15.33b / 14.01b)
TATA: 0.04 (NI 2.24b - CFO 1.62b) / TA 16.04b)
Beneish M-Score: -2.75 (Cap -4..+1) = A
What is the price of RYAAY shares? As of April 03, 2026, the stock is trading at USD 57.80 with a total of 2,659,552 shares traded.
Over the past week, the price has changed by -3.21%, over one month by -10.05%, over three months by -18.44% and over the past year by +39.90%.
Is RYAAY a buy, sell or hold? Ryanair Holdings has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy RYAAY.
  • StrongBuy: 3
  • Buy: 0
  • Hold: 1
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the RYAAY price?
Wallstreet Target Price 80.4 39%
Analysts Target Price 80.4 39%
RYAAY Fundamental Data Overview as of 31 March 2026
Market Cap EUR = 26.52b (30.61b USD * 0.8664 USD.EUR)
P/E Trailing = 11.8862
P/E Forward = 10.4275
P/S = 1.9968
P/B = 2.9982
P/EG = 0.831
Revenue TTM = 15.33b EUR
EBIT TTM = 2.78b EUR
EBITDA TTM = 4.09b EUR
Long Term Debt = 147.6m EUR (from longTermDebt, last quarter)
Short Term Debt = 1.23b EUR (from shortTermDebt, last quarter)
Debt = 1.53b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -889.0m EUR (from netDebt column, last quarter)
Enterprise Value = 25.63b EUR (26.52b + Debt 1.53b - CCE 2.42b)
Interest Coverage Ratio = 41.83 (Ebit TTM 2.78b / Interest Expense TTM 66.5m)
EV/FCF = -1000.0x (Enterprise Value 25.63b / FCF TTM -16.4m)
FCF Yield = -0.06% (FCF TTM -16.4m / Enterprise Value 25.63b)
FCF Margin = -0.11% (FCF TTM -16.4m / Revenue TTM 15.33b)
Net Margin = 14.62% (Net Income TTM 2.24b / Revenue TTM 15.33b)
Gross Margin = 27.06% ((Revenue TTM 15.33b - Cost of Revenue TTM 11.18b) / Revenue TTM)
Gross Margin QoQ = 18.78% (prev 45.78%)
Tobins Q-Ratio = 1.60 (Enterprise Value 25.63b / Total Assets 16.04b)
Interest Expense / Debt = 4.34% (Interest Expense 66.5m / Debt 1.53b)
Taxrate = 9.68% (172.8m / 1.78b)
NOPAT = 2.51b (EBIT 2.78b * (1 - 9.68%))
Current Ratio = 0.67 (Total Current Assets 4.30b / Total Current Liabilities 6.46b)
Debt / Equity = 0.17 (Debt 1.53b / totalStockholderEquity, last quarter 8.78b)
Debt / EBITDA = -0.22 (Net Debt -889.0m / EBITDA 4.09b)
 Debt / FCF = 54.11 (negative FCF - burning cash) (Net Debt -889.0m / FCF TTM -16.4m)
 Total Stockholder Equity = 8.05b (last 4 quarters mean from totalStockholderEquity)
RoA = 13.83% (Net Income 2.24b / Total Assets 16.04b)
RoE = 27.85% (Net Income TTM 2.24b / Total Stockholder Equity 8.05b)
RoCE = 33.94% (EBIT 2.78b / Capital Employed (Equity 8.05b + L.T.Debt 147.6m))
RoIC = 25.37% (NOPAT 2.51b / Invested Capital 9.90b)
WACC = 7.97% (E(26.52b)/V(28.05b) * Re(8.20%) + D(1.53b)/V(28.05b) * Rd(4.34%) * (1-Tc(0.10)))
Discount Rate = 8.20% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.40%
 [DCF] Fair Price = unknown (Cash Flow -16.4m)
 EPS Correlation: -18.55 | EPS CAGR: -11.38% | SUE: 0.57 | # QB: 0
Revenue Correlation: 50.74 | Revenue CAGR: 30.75% | SUE: 0.07 | # QB: 0
EPS next Quarter (2026-06-30): EPS=1.98 | Chg7d=-0.010 | Chg30d=-0.010 | Revisions Net=-1 | Analysts=2
EPS next Year (2027-03-31): EPS=5.78 | Chg7d=+0.020 | Chg30d=-0.009 | Revisions Net=+1 | Growth EPS=+19.2% | Growth Revenue=+6.3%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = -0.2% (Discount Rate 8.2% - Earnings Yield 8.4%)
[Growth] Growth Spread = +6.3% (Analyst 6.1% - Implied -0.2%)
External Resources
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