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Intrinsic value of Delta Air Lines, Inc. (DAL)

Previous Close$38.64
Intrinsic Value
Upside potential
Previous Close
$38.64

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Cash & ST Investments
Total debt
Market cap, m$
24,730

Based on fiscal year data as of 2021-12-31 and quarterly data as of 2022-03-31.

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2021(a)2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046

INCOME STATEMENT

Revenue growth rate, %74.9NaN
Revenue, $29899NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m28013NaN
Operating income, $m1886NaN
EBITDA, $m3884NaN
Interest expense (income), $mNaN
Earnings before tax, $m398NaN
Tax expense, $m118NaN
Net income, $m280NaN

BALANCE SHEET

Cash and short-term investments, $m11482NaN
Total assets, $m79750NaN
Adjusted assets (=assets-cash), $m68268NaN
Average production assets, $m49883NaN
Working capital, $m-5026NaN
Total debt, $m34679NaN
Total liabilities, $m75863NaN
Total equity, $m3887NaN
Debt-to-equity ratio8.922NaN
Adjusted equity ratio-0.075NaN

CASH FLOW

Net income, $m280NaN
Depreciation, amort., depletion, $m1998NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m3264NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-3247NaN
Free cash flow, $m6511NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m-5026
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
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