26 May 2026

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International Consolidated Airlines Group SA (ICAG)

Rank #23 of 100 - Industrials - UK Equities

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International Consolidated Airlines Group SA

ICAG.L·Industrials·Market Cap £17.8b

Rank #23 of 100

Data from Excel Model · 100 Stocks Analysed

£3.93

-3.98% YTD

Target: £4.85(+23.4%)

52W: £3.03 - £4.64

Score Analysis

International Consolidated Airlines Group SA is ranked #23 out of 100 UK stocks. Lower factor scores indicate better performance in that category.

Factor Breakdown

33/100

Average Score

Liquidity

Fair58/100

Valuation

Excellent3/100

Profitability

Fair59/100

Solvency

Good29/100

Asset Efficiency

Excellent14/100

Mkt Trading

Good27/100

Technical

Fair41/100

1. Valuation

Score: 3/100

Is ICAG undervalued compared to its peers and fair value metrics?

3/5

valuation criteria met

✓

FY26e P/E Ratio

7.0xRank 4/100

✓

FY27e P/E Ratio

6.0xRank 2/100

✗

Price-to-Book

2.86xRank 57/100

✗

Price-to-Tangible Book

5.68xRank 52/100

✓

EV/EBITDA

3.6xRank 7/100

Key Valuation Metrics

Current P/E

6.6x

Price-to-Earnings

FY26e P/E

7.0x

Forward estimate

FY27e P/E

6.0x

Forward estimate

P/B Ratio

2.86x

Price-to-Book

P/TBV

5.68x

Price-to-Tangible Book

EV/EBITDA

3.6x

Enterprise Value

FY26e EV/EBITDA

3.6x

Forward estimate

FY27e EV/EBITDA

3.6x

Forward estimate

Analyst Consensus Target

Current Price

£3.93

Consensus Target

£4.85

Potential

+23.4%

Target

Bloomberg Median Target: £4.67

2. Profitability

Score: 59/100

How profitable is ICAG relative to its peers?

1/6

profitability criteria met

✗

TTM Profit Margin

10.1%Rank 42/100

–

Current ROE

48.6%

–

Current ROA

N/A

✓

FY26e EPS

0.75Rank 38/100

–

TTM EPS

0.68

–

Net Income Growth

N/A

Profit Margin

10.1%

ROE

48.6%

FY27e ROE

34.3%

ROA

N/A

Earnings Per Share

3. Financial Health

Score: 29/100

How strong is ICAG's balance sheet and financial position?

0/4

solvency criteria met

–

Debt-to-Equity

187.9%

–

Interest Coverage

N/A

✗

Debt/EBITDA

Rank 53Rank 53/100

–

Altman Z-Score

1.41

Key Health Metrics

Quick Ratio

0.66

Below 1.0

Cash Ratio

0.70

Debt/Equity

188%

FCF Margin

0.6%

Altman Z-Score

1.41

Distress Zone

01.812.995+

4. Asset Efficiency

Score: 14/100

How efficiently does ICAG deploy its assets and intellectual capital?

0/2

asset efficiency criteria met

–

Intangible/Asset

Intangible assets as a proportion of total assets — lower indicates more tangible, capital-efficient operations

N/A

–

R&D/Sales

Research & development spend relative to revenue — balanced R&D investment signals sustainable growth

N/A

Overall Asset Efficiency Rank

Rank within sector peers#14/100

Best (1)Worst (100)

What This Measures

Intangible/Asset — a lower ratio suggests the company's value is backed by tangible assets rather than goodwill or intangibles, reducing balance sheet risk.

R&D/Sales — captures the proportion of revenue reinvested into research and development, indicating innovation intensity and future growth investment.