LATAM Airlines Group S.A. (LTM) Financial Ratios
29 years of historical data (1997–2025) · Industrials · Airlines, Airports & Air Services
EV/EBITDA
↑
6.81
+9% vs avg
5yr avg: 6.23
30Y Low5.8·High6.7
P/FCF
↑
10.99
↑+41% vs avg
5yr avg: 7.82
30Y Low4.9·High10.7
P/B Ratio
↑
12.31
+4% vs avg
5yr avg: 11.81
30Y Low11.7·High11.9
ROE
↓
142.5%
↑-88% vs avg
5yr avg: 1230.0%
30Y Low-6%·High248%
Debt/EBITDA
↓
2.47
↓-30% vs avg
5yr avg: 3.52
30Y Low0.4·High18.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LTM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
LATAM Airlines Group S.A. trades at 11.2x earnings, 15% above its 5-year average of 9.7x, sitting at the 100th percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a discount of 56%. On a free-cash-flow basis, the stock trades at 11.0x P/FCF, 41% above the 5-year average of 7.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $16.3B | $15.9B | $8.3B | — | — | — | — | — | — | — | — |
| Enterprise Value | $22.3B | $21.9B | $13.5B | — | — | — | — | — | — | — | — |
| P/E Ratio → | 11.17 | 10.80 | 8.62 | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.15 | 1.12 | 0.65 | — | — | — | — | — | — | — | — |
| P/B Ratio | 12.31 | 11.90 | 11.72 | — | — | — | — | — | — | — | — |
| P/FCF | 10.99 | 10.70 | 4.94 | — | — | — | — | — | — | — | — |
| P/OCF | 5.01 | 4.88 | 2.68 | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
LTM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
LATAM Airlines Group S.A.'s enterprise value stands at 6.8x EBITDA, 9% above its 5-year average of 6.2x. The Industrials sector median is 13.9x, placing the stock at a 51% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.53 | 1.05 | — | — | — | — | — | — | — | — |
| EV / EBITDA | 6.81 | 6.67 | 5.78 | — | — | — | — | — | — | — | — |
| EV / EBIT | 9.54 | 9.36 | 8.78 | — | — | — | — | — | — | — | — |
| EV / FCF | — | 14.69 | 8.02 | — | — | — | — | — | — | — | — |
LTM Profitability
Margins and return-on-capital ratios measuring operating efficiency
LATAM Airlines Group S.A. earns an operating margin of 16.4%, above the Industrials sector average of 4.3%. Operating margins have expanded from 9.3% to 16.4% over the past 3 years, signaling improving operational efficiency. Return on equity of 142.5% is exceptionally high, though this is partly amplified by negative book value driven by aggressive share buybacks — well above the sector median of 8.2%. ROIC of 26.6% represents excellent returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.2% | 29.2% | 25.5% | 24.3% | 13.4% | -1.6% | 7.0% | 21.0% | 21.4% | 22.6% | 22.5% |
| Operating Margin | 16.4% | 16.4% | 12.0% | 9.3% | 12.9% | -70.1% | -115.5% | 7.5% | 9.5% | 7.4% | 5.5% |
| Net Profit Margin | 10.2% | 10.2% | 7.6% | 5.0% | 14.3% | -95.2% | -115.9% | 1.9% | 1.8% | 1.6% | 0.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 142.5% | 142.5% | 170.0% | 248.1% | 4359.3% | — | -1323.8% | 5.5% | 4.5% | 3.7% | 1.9% |
| ROA | 8.9% | 8.9% | 6.5% | 4.2% | 10.1% | -32.1% | -24.7% | 1.0% | 1.0% | 0.8% | 0.4% |
| ROIC | 26.6% | 26.6% | 19.8% | 14.1% | 22.4% | -55.5% | -35.2% | 5.0% | 6.7% | 4.6% | 3.2% |
| ROCE | 24.2% | 24.2% | 17.2% | 12.6% | 26.6% | -75.0% | -40.7% | 5.8% | 7.5% | 5.5% | 3.9% |
LTM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
LATAM Airlines Group S.A. carries a Debt/EBITDA ratio of 2.5x, which is manageable (24% below the sector average of 3.2x). Net debt stands at $5.9B ($8.1B total debt minus $2.2B cash). Interest coverage of 3.2x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 6.05 | 6.05 | 10.05 | 16.06 | 223.48 | — | — | 3.33 | 1.94 | 1.85 | 2.06 |
| Debt / EBITDA | 2.47 | 2.47 | 3.05 | 5.50 | 3.04 | — | — | 14.65 | 4.23 | 4.62 | 6.10 |
| Net Debt / Equity | — | 4.44 | 7.30 | 12.14 | 183.88 | — | — | 2.99 | 1.65 | 1.58 | 1.83 |
| Net Debt / EBITDA | 1.81 | 1.81 | 2.22 | 4.16 | 2.50 | — | — | 13.15 | 3.60 | 3.95 | 5.43 |
| Debt / FCF | — | 3.99 | 3.08 | 3.63 | — | — | — | 6.63 | 8.13 | 5.74 | 36.60 |
| Interest Coverage | 3.24 | 3.24 | 1.88 | 1.87 | 2.48 | -4.14 | -7.79 | 1.21 | 1.75 | 1.95 | 1.19 |
LTM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.60x is below 1.0, meaning current liabilities exceed current assets — though the company's $2.2B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 0.74x to 0.60x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.60 | 0.60 | 0.62 | 0.74 | 0.69 | 0.21 | 0.42 | 0.58 | 0.59 | 0.64 | 0.58 |
| Quick Ratio | 0.54 | 0.54 | 0.55 | 0.63 | 0.60 | 0.19 | 0.38 | 0.53 | 0.54 | 0.60 | 0.54 |
| Cash Ratio | 0.30 | 0.30 | 0.32 | 0.33 | 0.27 | 0.09 | 0.23 | 0.21 | 0.25 | 0.28 | 0.26 |
| Asset Turnover | — | 0.81 | 0.84 | 0.79 | 0.71 | 0.37 | 0.25 | 0.48 | 0.56 | 0.51 | 0.47 |
| Inventory Turnover | 22.04 | 22.04 | 21.81 | 14.87 | 16.96 | 17.27 | 11.28 | 22.45 | 27.83 | 31.44 | 28.87 |
| Days Sales Outstanding | — | 39.57 | 38.91 | 49.80 | 47.23 | 75.34 | 71.01 | 56.26 | 54.82 | 48.73 | 51.84 |
LTM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
LATAM Airlines Group S.A. returns 7.3% to shareholders annually — split between a 3.7% dividend yield and 3.6% buyback yield. A payout ratio of 41.5% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 9.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.7% | 3.8% | 2.1% | — | — | — | — | — | — | — | — |
| Payout Ratio | 41.5% | 41.5% | 17.9% | — | — | — | — | 28.9% | 39.9% | 42.9% | 59.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.0% | 9.3% | 11.6% | — | — | — | — | — | — | — | — |
| FCF Yield | 9.1% | 9.3% | 20.2% | — | — | — | — | — | — | — | — |
| Buyback Yield | 3.6% | 3.7% | 0.0% | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 7.3% | 7.5% | 2.1% | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $295M | $302M | $302M | $49M | $5M | $5M | $5M | $5M | $5M | $5M |
Peer Comparison
Compare LTM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 LTMYou | $16B | 11.2 | 6.8 | 11.0 | 29.2% | 16.4% | 142.5% | 26.6% | 2.5 |
 CPA | $6B | 9.3 | 7.1 | 20.2 | 35.6% | 22.6% | 26.1% | 14.1% | 2.2 |
 VLRS | $1B | -10.0 | 5.2 | 1.4 | 27.4% | 4.4% | -33.1% | 3.0% | 4.9 |
 OMAB | $6B | 17.9 | 10.8 | 13.0 | 75.6% | 56.0% | 48.6% | 31.7% | 1.4 |
 DAL | $55B | 11.0 | 8.7 | 14.3 | 22.8% | 9.2% | 27.8% | 12.0% | 2.6 |
 UAL | $38B | 11.6 | 8.3 | 15.0 | 64.1% | 8.0% | 24.0% | 9.1% | 4.1 |
 AAL | $11B | 94.6 | 13.0 | — | 19.2% | 2.7% | — | 3.5% | 10.5 |
 LUV | $24B | 60.7 | 13.2 | — | 17.4% | 1.5% | 4.8% | 3.0% | 3.0 |
 JBLU | $2B | -3.4 | 32.3 | — | 33.9% | -4.1% | -25.3% | -2.7% | 32.0 |
 ALK | $6B | 56.1 | 10.8 | — | 59.7% | 2.1% | 2.4% | 2.3% | 6.3 |
 BA | $176B | 89.8 | — | — | 4.8% | -6.1% | 289.7% | -9.5% | — |
| Industrials Median | — | 25.5 | 13.9 | 20.1 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 29 years · Updated daily
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into LTM consensus models and risk factors.
View Analysis
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
LTM — Frequently Asked Questions
Quick answers to the most common questions about buying LTM stock.
What is LATAM Airlines Group S.A.'s P/E ratio?
LATAM Airlines Group S.A.'s current P/E ratio is 11.2x. The historical average is 9.7x. This places it at the 100th percentile of its historical range.
What is LATAM Airlines Group S.A.'s EV/EBITDA?
LATAM Airlines Group S.A.'s current EV/EBITDA is 6.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.2x.
What is LATAM Airlines Group S.A.'s ROE?
LATAM Airlines Group S.A.'s return on equity (ROE) is 142.5%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 36.4%.
Is LTM stock overvalued?
Based on historical data, LATAM Airlines Group S.A. is trading at a P/E of 11.2x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is LATAM Airlines Group S.A.'s dividend yield?
LATAM Airlines Group S.A.'s current dividend yield is 3.68% with a payout ratio of 41.5%.
What are LATAM Airlines Group S.A.'s profit margins?
LATAM Airlines Group S.A. has 29.2% gross margin and 16.4% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does LATAM Airlines Group S.A. have?
LATAM Airlines Group S.A.'s Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.