Ryanair holdings plc powerpoint (1)

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Ryanair holdings plc powerpoint (1)

  1. 1. Analysis of Ryanair Holdings Plc. By Ben o’Connor Cian O’Brien Darragh Wright Sam mcEvoy
  2. 2. Introduction
  3. 3. Ryanair • • • • • • • • Established in 1985 Michael O’Leary €4.9bn Revenue 2013 180 airports 29 countries 1,611 routes 1,500+ daily departures 81.5m passengers p.a.
  4. 4. Profitability Ratios
  5. 5. Gross Profit Margin 2013 2012 2011 27.9% 29.1% 28.3% In comparison to Aer Lingus N/A 20.73% 17.9% Gross Profit = Gross Profit x 100 Revenue
  6. 6. NET PROFIT 2013 2012 Before Tax 13.3% 14.4% After Tax 11.7% 12.8% In comparison to Aer Lingus Before Tax After Tax 2011 11.6% 10.3% N/A 2.9% 6.6% N/A 2.4% 5.5% Net Profit = Net Profit before tax x100 Revenue
  7. 7. Return on Capital Employed (ROCE) 2013 2012 2011 Before Tax 10.21% 9.51% 6.86% (After Tax) 8.94% 8.41% 6.1% In comparison, Aer Lingus recorded a ROCE (Before Tax) of 4.88% in 2012 *ROCE (Before Tax) = EBIT Capital Employed
  8. 8. Growth Ratio
  9. 9. GROWTH IN REVENUE 2013 2012 2011 11.2% 21% 21.5% 8.1% 5.9% In comparison to Aer Lingus N/A *Growth in Revenue = Revenue Year 1– Year 2 x100 Revenue Year 2
  10. 10. Liquidity Ratios
  11. 11. Current Ratio and Acid Test Ratio
  12. 12. Activity Ratios
  13. 13. Receivable And Payable Days
  14. 14. Gearing Ratios
  15. 15. Capital Gearing 2013 2012 2011 53.46% 53.98% 56.3% Aer Lingus (2012) – 41.03% Capital Gearing = Non Current Liabilities Capital Employed
  16. 16. Interest Cover 2013 2012 2011 7.23 times 6.26 times 5.2 times In comparison to Aer Lingus’ Financial Report 2012: 4.03 times Interest Cover = EBIT Interest Expense
  17. 17. Investor Ratios
  18. 18. Dividend Cover and Dividend per Share Dividend Cover Div. Per Share 2013 2012 1.16 times N/A 34.05 cents N/A 2011 0.75 times 33.65 cents Ryanair have only paid out a dividend twice. First in 2011, and then again in 2013. Compared to Aer Lingus who recorded a DPS of 3 cents in 2012 * Dividend Cover = Profit After Tax – Pref Div. Dividend Paid (Ord. Shares) *DPS = Div. Paid (Ord.) Ord. Shares
  19. 19. Earnings Per Share 2013 2012 2011 39.45 cents 38.03 cents 25.21 cents Aer Lingus recorded EPS at 6.4 cents in 2012 EPS = Net Profit after tax Ordinary Shares
  20. 20. Price/Earnings Ratio 2013 2011 15.08% Share Price 2012 11.77% 13.32% €5.95 €4.47 €3.36 Aer Lingus - 17.27% (2012) (share price €1.105) PE Ratio = Market Share Price EPS * Market Share Price refers to share price at financial year end
  21. 21. Comparison Within the Industry
  22. 22. Year to Date Share Price Chart
  23. 23. THANKS FOR LISTENING

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