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KLM Royal Dutch Airlines logo

KLM Royal Dutch Airlines

KLMR
38
Airlines, Airports & Air Services · Industrials
Price
$0.00
+0.00 (+0.00%)
Market Cap
$37,448
Winston Score
38
Winston is serious
Below-average fundamentals — multiple weak pillars.
Based on the IPO prospectus (annual filing). This score will refine automatically once the company reports its first quarters.

KLM Royal Dutch Airlines is the national airline of the Netherlands. It flies passengers and cargo to destinations around the world, serving both everyday travelers and businesses that need to ship goods. KLM is one of the oldest airlines still operating under its original name, founded in 1919, and is part of the Air France-KLM Group.

KLM makes money by selling plane tickets, charging for cargo transport, and offering loyalty program partnerships. It operates primarily out of Amsterdam Airport Schiphol and serves routes across Europe, North America, Asia, Africa, and Latin America. The Air France-KLM partnership gives KLM access to a broader network and shared costs, which helps it compete against larger rivals. However, airlines are a notoriously thin-margin business, and KLM faces ongoing pressure from rising fuel costs, labor expenses, and low-cost carriers eating into its short-haul routes.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

82.5%ownership

Flat

Insiders holding steady — not selling despite ability to

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.0% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 46.8M (2021) → 46.8M (2025)

Score breakdown

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Quality

Gross Margin
9.5%
no trend
Thin — 9.5% gross margin
Operating Margin
2.1%
no trend
Thin — 2.1% operating margin
ROCE
9.6%
no trend
Below par — 9.6% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales YoY
+13.2%
no trend
Fast-growing sales (13.2% YoY)
EPS YoY
+348.7%
no trend
Earnings growing fast (348.7% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency
N/A
no trend
Data not available

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Cash Flow

Cash Conversion
357%
no trend
Turns 357% of profit into real cash
FCF Margin
-2.7%
no trend
Burning cash (-2.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
1.29
no trend
Elevated debt (1.29)
Interest Cover
1.79x
no trend
Dangerous — barely covers interest (1.8x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

P/E Ratio (TTM)
0.0x
no trend
Attractive valuation — P/E 0.0

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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