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Flynas Valuation Multiples
Discover revenue and EBITDA valuation multiples for Flynas and similar public comparables like El Al, AeromΓ©xico, Vietnam Airlines, Pegasus Airlines and more.
Flynas Overview
About Flynas
Flynas Co is a low-cost airline in Saudi Arabia and the Middle East.
Founded
2010
HQ

Employees
N/A
Website
Sectors
Financials (LTM)
EV
$4B
Flynas Financials
Flynas reported last 12-month revenue of $2B and EBITDA of $594M.
In the same LTM period, Flynas generated $436M in gross profit, $594M in EBITDA, and $111M in net income.
Revenue (LTM)
Flynas P&L
In the most recent fiscal year, Flynas reported revenue of β and net income of β.
Flynas expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | β | XXX | XXX | XXX |
| Gross Profit | $436M | XXX | β | XXX | XXX | XXX |
| Gross Margin | 20% | XXX | β | XXX | XXX | XXX |
| EBITDA | $594M | XXX | β | XXX | XXX | XXX |
| EBITDA Margin | 28% | XXX | β | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | β | XXX | XXX | XXX |
| Net Profit | $111M | XXX | β | XXX | XXX | XXX |
| Net Margin | 5% | XXX | β | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Flynas Stock Performance
Flynas has current market cap of $3B, and enterprise value of $4B.
Market Cap Evolution
Flynas' stock price is $16.27.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $3B | 0.0% | XXX | XXX | XXX | β |
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Start Free TrialFlynas Valuation Multiples
Flynas trades at 1.6x EV/Revenue multiple, and 6.0x EV/EBITDA.
EV / Revenue (LTM)
Flynas Financial Valuation Multiples
As of March 7, 2026, Flynas has market cap of $3B and EV of $4B.
Equity research analysts estimate Flynas' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Flynas has a P/E ratio of 25.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | β | XXX | XXX | XXX |
| EV/EBITDA | 6.0x | XXX | β | XXX | XXX | XXX |
| EV/EBIT | 16.5x | XXX | β | XXX | XXX | XXX |
| EV/Gross Profit | 8.1x | XXX | β | XXX | XXX | XXX |
| P/E | 25.0x | XXX | β | XXX | XXX | XXX |
| EV/FCF | (21.1x) | XXX | β | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Flynas Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Flynas Margins & Growth Rates
Flynas' revenue in the last 12 month grew by 15%.
Flynas' rule of 40 is 43% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Flynas' rule of X is 66% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Flynas Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 15% | XXX | β | XXX | XXX | XXX |
| EBITDA Margin | 28% | XXX | β | XXX | XXX | XXX |
| EBITDA Growth | 30% | XXX | β | XXX | XXX | XXX |
| Rule of 40 | β | XXX | 43% | XXX | XXX | XXX |
| Bessemer Rule of X | β | XXX | 66% | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | β | XXX | XXX | XXX |
| G&A Expenses to Revenue | 14% | XXX | β | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Flynas Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| El Al | XXX | XXX | XXX | XXX | XXX | XXX |
| AeromΓ©xico | XXX | XXX | XXX | XXX | XXX | XXX |
| Vietnam Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Pegasus Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Air France-KLM | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Flynas M&A Activity
Flynas acquired XXX companies to date.
Last acquisition by Flynas was on XXXXXXXX, XXXXX. Flynas acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Flynas
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialFlynas Investment Activity
Flynas invested in XXX companies to date.
Flynas made its latest investment on XXXXXXXX, XXXXX. Flynas invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Flynas
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Flynas
| When was Flynas founded? | Flynas was founded in 2010. |
| Where is Flynas headquartered? | Flynas is headquartered in Saudi Arabia. |
| Is Flynas publicly listed? | Yes, Flynas is a public company listed on Tadawul. |
| What is the stock symbol of Flynas? | Flynas trades under 4264 ticker. |
| When did Flynas go public? | Flynas went public in 2025. |
| Who are competitors of Flynas? | Flynas main competitors are El Al, AeromΓ©xico, Vietnam Airlines, Pegasus Airlines. |
| What is the current market cap of Flynas? | Flynas' current market cap is $3B. |
| What is the current revenue of Flynas? | Flynas' last 12 months revenue is $2B. |
| What is the current revenue growth of Flynas? | Flynas revenue growth (NTM/LTM) is 15%. |
| What is the current EV/Revenue multiple of Flynas? | Current revenue multiple of Flynas is 1.6x. |
| Is Flynas profitable? | Yes, Flynas is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Flynas? | Flynas' last 12 months EBITDA is $594M. |
| What is Flynas' EBITDA margin? | Flynas' last 12 months EBITDA margin is 28%. |
| What is the current EV/EBITDA multiple of Flynas? | Current EBITDA multiple of Flynas is 6.0x. |
| What is the current FCF of Flynas? | Flynas' last 12 months FCF is ($168M). |
| What is Flynas' FCF margin? | Flynas' last 12 months FCF margin is (8%). |
| What is the current EV/FCF multiple of Flynas? | Current FCF multiple of Flynas is (21.1x). |
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