Ryanair Holdings PLC

Ryanair Holdings is a holding company. Through its subsidiaries, Co. operates an ultra-low cost, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the U.K., Continental Europe, and Morocco. Co. offers over 2,000 scheduled short-haul flights per day serving approximately 210 airports throughout Europe, and flying approximately 1,600 routes. In addition, Co. provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food, and merchandise.
  • TickerRY4B
  • ISINIE00BYTBXV33
  • ExchangeIrish Stock Exchange
  • SectorTravel & Leisure
  • CountryIreland

Analysts

Expert Corporate Governance Service (ECGS)

Ryanair Holdings - AGM 19 September 2019

Hard Brexit Loss of Voting Rights The Company provides that in the event of a hard or no-deal Brexit, UK shareholders will lose the voting rights of their shares, as the Company must be controlled by EU shareholders at all times to comply with its licences. In the meantime, the Company has applied for a UK Air Operator Certificate which it received in December 2018. Depending on the outcome of Brexit negotiations, there may be no flights, for an unknown period, between the UK and the EU. This may lead to the Company temporarily relocating its UK based aircraft (approximately 22% of its curren...

Alexandre Iatrides ...
  • Olfa Taamallah
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Sylvain Goyon
  • Veysel Taze
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/21/2019

Two weeks ago, it seemed rational to tilt our allocation more towards cyclicals and away from defensives (macro, expensive nature of the growth/quality theme). Alas! Donald Trump has gotten involved, rekindling volatility and considerably reducing visibility. What can we do when the search for security is once again pushing yields down, which is favourable for long-term sectors, often synonymous with quality but too expensive? Favour the cash flow/distribution trade combined with an a...

Olfa Taamallah ...
  • Yan Derocles

Ryanair : FY 2020 tricky but reassuring stance on unit costs excluding fuel as of 2021

>Price environment still tough - Ryanair yesterday reported FY 2018-19 (to end-March 2019) results a shade lower than the consensus with net profit (excluding Laudamotion) of € 1,025m (consensus: € 1,032m), down 29%, giving a net margin of 13.5% (-680bp). These results include: i/ a 5.7% drop in yields (of which -15.4% in Q4); ii/ an 11.3% rise in ancillary revenues per pax (good performance in seat bookings and priority boarding masked by negative impact of € 38m cau...

Alexandre Iatrides ...
  • Olfa Taamallah
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Sylvain Goyon
  • Veysel Taze
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 21/05/2019

Il y a 15 jours, colorer de manière plus cyclique, moins défensive, son allocation paraissait rationnelle (macro, cherté de la thématique qualité croissance). Las ! D Trump est passé par là réveillant la volatilité et diminuant considérablement la visibilité. Que faire alors que la recherche de sécurité pousse de nouveau les rendements à la baisse ce qui est favorable aux secteurs à duration longue souvent synonyme de qualité mais trop chers ? Favoriser le couple cash-flow / distribut...

Olfa Taamallah ...
  • Yan Derocles

Ryanair : Un exercice 2020 délicat mais un discours rassurant sur les coûts unitaires hors carburant dès 2021

>Un environnement tarifaire toujours difficile - Ryanair a publié hier son FY 2018-19 (à fin mars 2019) légèrement en dessous du consensus, affichant un résultat net (hors Laudamotion) de 1 025 M€ (Cons : 1 032 M€) en baisse de 29%, soit une marge nette de 13.5% (-680 pb). Ces résultats intègrent : i/ une baisse des yields de 5.7% (dont -15.4% au T4) ; ii/ une hausse des recettes auxiliaires/pax de 11.3% (bonne performance des réservations de sièges et de l’embarqueme...

Olfa Taamallah ...
  • Yan Derocles

Ryanair : FY 2020 tricky but reassuring stance on unit costs excluding fuel as of 2021

>Price environment still tough - Ryanair yesterday reported FY 2018-19 (to end-March 2019) results a shade lower than the consensus with net profit (excluding Laudamotion) of € 1,025m (consensus: € 1,032m), down 29%, giving a net margin of 13.5% (-680bp). These results include: i/ a 5.7% drop in yields (of which -15.4% in Q4); ii/ an 11.3% rise in ancillary revenues per pax (good performance in seat bookings and priority boarding masked by negative impact of € 38m cau...

Olfa Taamallah ...
  • Yan Derocles

Ryanair : Un exercice 2020 délicat mais un discours rassurant sur les coûts unitaires hors carburant dès 2021

>Un environnement tarifaire toujours difficile - Ryanair a publié hier son FY 2018-19 (à fin mars 2019) légèrement en dessous du consensus, affichant un résultat net (hors Laudamotion) de 1 025 M€ (Cons : 1 032 M€) en baisse de 29%, soit une marge nette de 13.5% (-680 pb). Ces résultats intègrent : i/ une baisse des yields de 5.7% (dont -15.4% au T4) ; ii/ une hausse des recettes auxiliaires/pax de 11.3% (bonne performance des réservations de sièges et de l’embarqueme...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Matthias Desmarais
  • Olfa Taamallah
  • Pierre Tegner
  • Roland Pfaender
  • Stephane Houri
  • Valentin Pernet
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/18/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Matthias Desmarais
  • Olfa Taamallah
  • Pierre Tegner
  • Roland Pfaender
  • Stephane Houri
  • Valentin Pernet
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 18/04/2019

...

Olfa Taamallah ...
  • Yan Derocles

Ryanair : A credible strategy in troubled times

>Pressure on prices still tangible - At a private visit organised last week at Ryanair’s head office in Dublin, our discussions with Chief Marketing Officer Kenny Jacobs provided clarity about the trends for the summer season. Our main takeaways are: i/ ongoing pressure on prices (already factored in by the consensus). Even if we estimate that around 50% of the seats are still to be sold for April-September, the scenario of a 1% contraction in yields still makes sens...

1 director bought

A director at Ryanair Holdings bought 23,175 shares at 16.030EUR and the significance rating of the trade was 92/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The name...

Alexandre Iatrides ...
  • Olfa Taamallah
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Sylvain Goyon
  • Veysel Taze
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/21/2019

Two weeks ago, it seemed rational to tilt our allocation more towards cyclicals and away from defensives (macro, expensive nature of the growth/quality theme). Alas! Donald Trump has gotten involved, rekindling volatility and considerably reducing visibility. What can we do when the search for security is once again pushing yields down, which is favourable for long-term sectors, often synonymous with quality but too expensive? Favour the cash flow/distribution trade combined with an a...

Alexandre Iatrides ...
  • Olfa Taamallah
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Sylvain Goyon
  • Veysel Taze
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 21/05/2019

Il y a 15 jours, colorer de manière plus cyclique, moins défensive, son allocation paraissait rationnelle (macro, cherté de la thématique qualité croissance). Las ! D Trump est passé par là réveillant la volatilité et diminuant considérablement la visibilité. Que faire alors que la recherche de sécurité pousse de nouveau les rendements à la baisse ce qui est favorable aux secteurs à duration longue souvent synonyme de qualité mais trop chers ? Favoriser le couple cash-flow / distribut...

Alain William ...
  • Benoit Valleaux
  • Cecile De Coincy
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Michael Foundoukidis
  • Olfa Taamallah
  • Pierre Tegner
  • Samantha Jeary
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/19/2019

In spite of a thorough restructuring programme (operational and financial), Veolia’s valuation multiples remain close to their average historic levels. The group has significantly reduced its areas of industrial risk and is benefiting from its revamped commercial positioning. Optimisation is set to continue in the medium term and should drive performance, along with bolt-on acquisitions. Whilst there is a risk of macroeconomic slowdown, this is yet to be reflected in volumes. The valu...

Charles Lepetitpas ...
  • Jerôme Bodin
  • Nicolas David
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 02/19/2019

...

Alain William ...
  • Benoit Valleaux
  • Cecile De Coincy
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Michael Foundoukidis
  • Olfa Taamallah
  • Pierre Tegner
  • Samantha Jeary
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/02/2019

En dépit d’une restructuration en profondeur (opérationnelle et financière), les multiples de valorisation de Veolia demeurent proches des niveaux historiques moyens. Le groupe a significativement réduit ses zones de risques industriels et bénéficie de son positionnement commercial renouvelé. L’optimisation va se poursuivre sur le moyen terme et alimenter la performance, avec une croissance externe ciblée. Si un risque de ralentissement macroéconomique existe, il ne se reflète pas enc...

RYANAIR HOLDINGS PLC. with less fundamental stars is reduced to Neutral

RYANAIR HOLDINGS PLC. (IE), a company active in the Airlines industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date May 3, 2019, the closing price was EUR 11.59 and its expected value was estimated at EUR 11.87.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

easyJet Plc - Strategy, SWOT and Corporate Finance Report

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Summary Marketline's Singapore Airlines Ltd Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Singapore Airlines Ltd since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advan...

Expert Corporate Governance Service (ECGS)

Ryanair Holdings - AGM 19 September 2019

Hard Brexit Loss of Voting Rights The Company provides that in the event of a hard or no-deal Brexit, UK shareholders will lose the voting rights of their shares, as the Company must be controlled by EU shareholders at all times to comply with its licences. In the meantime, the Company has applied for a UK Air Operator Certificate which it received in December 2018. Depending on the outcome of Brexit negotiations, there may be no flights, for an unknown period, between the UK and the EU. This may lead to the Company temporarily relocating its UK based aircraft (approximately 22% of its curren...

Rayanair Holdings PLC – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Matthieu DRIOL

Short term view - RYANAIR HOLDINGS : The background trend is clearly bearish.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €12.095. The next target is at €10.896, then €10.400. Passing €14.600 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - RYANAIR HOLDINGS : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 12,095 € prochainement. Le prochain objectif est à 10,896 €, puis 10,400 €. Le franchissement de 14,600 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - RYANAIR HOLDINGS : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €10.896. The background trend would be questioned should prices rise above €14.600.

Matthieu DRIOL

Analyse court terme - RYANAIR HOLDINGS : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 10,896 €. La tendance de fond serait remise en cause en cas de franchissement de 14,600 €.

Jérôme VINERIER

Analyse moyen terme - RYANAIR HOLDINGS : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 10,90 €, puis 7,60 €. Le franchissement de 17,00 € remettrait en cause la suite de la baisse.

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