Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Finnair Oyj is a Finnish network airline founded in 1923, recognized as one of the world's oldest continuously operating airlines. It specializes in connecting Europe, North America, and Asia through its efficient Helsinki hub, serving over 80 destinations with passenger and cargo services, as well as package tours under the Aurinkomatkat-Suntours brand. Headquartered in Vantaa, Finland, the company operates a modern, mostly Airbus fleet known for low emissions and high travel comfort, emphasizing sustainability with a target of carbon neutrality by 2045. As a member of the oneworld alliance, Finnair Oyj enhances its global reach and partnerships, focusing on premium services, safety, and Nordic design heritage in a digitally driven brand. In the financial markets, it represents exposure to the aviation sector's dynamics, including route networks between key continents and operational efficiency in the airline industry. With around 5,843 employees, Finnair Oyj maintains a structured leadership under its CEO and Executive Board, overseeing strategy, operations, and customer experience.
€5.26
€0.06 (-1.17%)
EOD Jul 2, 2026
Operating margin is thin at 2.08%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 1.9%, essentially flat. Margins also contracted 1.7pp. This is a business that needs a catalyst.
Free cash flow declined 49% versus the prior year, cash generation momentum has weakened.
17.5x earnings, 5.4x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€3.19B
▲ +1.9% YoY
Net Income (TTM)
€60M
▼ -50.3% YoY
Op. Margin
3.63%
▼ -1.7pp YoY
ROIC
2.06%
▼ -1.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€225M
▼ -49.1% YoY
Op. Cash Flow (TTM)
€469M
▼ -35.8% YoY
Net Debt
€722M
Cash & Equiv.
€1.06B
3Y CAGR: +9.6%
3Y CAGR: +4.1%
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At a P/E of 17.5 and a price-to-free-cash-flow of 5.4, Finnair Oyj (FIA1S.XHEL) trades below a two-stage DCF intrinsic value of about €19.98 per share, so at €5.26 the stock looks undervalued (279.9% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Finnair Oyj scores 60/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €19.98 per share for FIA1S.XHEL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €14.99. At today's €5.26, that puts the stock about 279.9% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Finnair Oyj scores 60 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 3.6% operating margin and a 2.1% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. FIA1S.XHEL currently trades below its estimated intrinsic value and scores 60/100 on quality (solid). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.