StockData
LATAM Airlines Group S.A. logo

LATAM Airlines Group S.A. (LTM) stock analysis

LTMNYSEAir Transportation, ScheduledFiscal year ends December 31
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 5, 2026Score 6/30
$49.26−0.72 (-1.44%)

Close on Nov 11, 2026Market cap $14.14BP/E 9.9Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value0Growth3Performance3Health0Dividend0

Weak6 of 30 checks passed

LATAM Airlines passes 6 of the 30 checks behind our score; 19 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
0/6
Growth
3/6
Past performance
3/6
Financial health
0/6
Dividend
0/6

What stands out

  • Revenue growing 10%+ a year

    Revenue grew 15.1% a year over the last three fiscal years.

  • Growing faster than the industry

    Revenue grew 11.2% over the last twelve months; the Air Transportation, Scheduled, and Air Courier median is 11.0%.

  • Gross margin improving

    Gross margin was 29.2% over the last twelve months, against 25.5% a year earlier.

  • Return on equity above the industry

    LATAM Airlines's return on equity of 141% is above the Air Transportation, Scheduled, and Air Courier median of 13.9%.

What to watch

  • EPS growing under 10% a year

    Diluted EPS grew -43.3% a year over the last three fiscal years.

  • Interest not well covered

    Operating income covers interest expense 3.2 times; we look for at least 5.

  • Guidance lowered

    LATAM Airlines lowered its full year 2026 Total Net Debt/Adjusted EBITDAR outlook on Feb 3, 2026.

  • Short-term assets don't cover short-term debts

    Current assets are 0.60 times current liabilities.

Valuation0/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/B against the industry

    Needs positive book value.

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth3/6

  • Revenue growing 10%+ a year

    Revenue grew 15.1% a year over the last three fiscal years.

  • EPS growing under 10% a year

    Diluted EPS grew -43.3% a year over the last three fiscal years.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing faster than the industry

    Revenue grew 11.2% over the last twelve months; the Air Transportation, Scheduled, and Air Courier median is 11.0%.

  • Guidance lowered

    LATAM Airlines lowered its full year 2026 Total Net Debt/Adjusted EBITDAR outlook on Feb 3, 2026.

  • Gross margin improving

    Gross margin was 29.2% over the last twelve months, against 25.5% a year earlier.

Past performance3/6

  • Return on equity

    Needs positive equity and five years of results.

  • Return on invested capital

    Needs operating income and invested capital.

  • Return on equity above the industry

    LATAM Airlines's return on equity of 141% is above the Air Transportation, Scheduled, and Air Courier median of 13.9%.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin above its 5-year average

    Net margin was 10.2% over the last twelve months, against a 5-year average of -11.6%.

  • Net margin above the industry

    LATAM Airlines's net margin of 10.2% is above the Air Transportation, Scheduled, and Air Courier median of 4.6%.

Financial health0/6

  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt coverage

    Needs operating cash flow.

  • Interest not well covered

    Operating income covers interest expense 3.2 times; we look for at least 5.

  • Short-term assets don't cover short-term debts

    Current assets are 0.60 times current liabilities.

  • Bankruptcy risk (Altman Z)

    Needs market value, working capital and retained earnings.

Dividend0/6

  • No dividend

    LATAM Airlines has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for LATAM Airlines. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$47.65M
Value traded per 1% price move
$19.65M

Downside

Medium risk

Typical loss in a bad month
22.8%
Volatility (annualized)
46%
Sharpe ratio, 1 year
0.17
Beta to the S&P 500 (5Y)
0.87

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2014 to 2025

Gross margin

29.2%+44.2 pts over 5 years

Operating margin

16.4%+131.8 pts over 5 years

Net margin

10.2%+126.1 pts over 5 years

See a number that looks wrong?