Financial PerformanceRyanair shares trade at 9x FY25E, well below their historical 13x average, which is considered unjustified given market share gains and 8% annual earnings growth.
Market CompetitivenessRyanair is the largest and most competitive low-cost carrier in Europe, with a robust balance sheet to support fleet growth and market share gains.
Shareholder ReturnsRyanair announced a €700mn share buyback in May to be completed by October, indicating a strong cash position and commitment to shareholder returns.