LATAM Airlines Group S.A.

LTM

Airlines, Airports & Air Services · Industrials

Price

$52.31

+2.16 (+4.31%)

Market Cap

$15.31B

Exchange

New York Stock Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Jul 28, 2026 · filings through Mar 31, 2026

Share count rising — dilution

+5321.3% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 5.4M (2021) → 294.7M (2025)

LATAM Airlines Group is the largest airline in Latin America. It flies passengers and cargo to destinations across South America, North America, Europe, and other regions, serving both everyday travelers and businesses. The company operates under the LATAM brand and includes airlines based in Chile, Brazil, Peru, Colombia, and Ecuador.

LATAM makes money by selling plane tickets, charging for cargo shipments, and offering loyalty program memberships and partnerships with credit card companies. It is headquartered in Santiago, Chile, and its scale across multiple South American countries gives it a network advantage that smaller regional carriers struggle to match. After emerging from bankruptcy in 2022 following the COVID-19 pandemic, LATAM has rebuilt its finances, but it still faces real risks from fuel price swings, currency volatility across Latin American markets, and economic slowdowns in the region that can quickly reduce travel demand.

Winston Score History

Growth Profile

For growth stock investors

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

Revenue Growth

+21.9% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+66.7% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

1.9%ownership

Relatively low insider ownership

Cash Position

Cash flow positive

$2.6B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

LATAM Airlines Group S.A. is a rare growth stock that's already generating positive cash flow while growing at 22%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

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.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

31.3%

Modest — 31.3% gross margin

Operating Margin

20.1%

Excellent — 20.1% operating margin

ROCE

14.5%

Good — 14.5% 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

+15.8%

Fast-growing sales (15.8% YoY)

EPS YoY

+52.2%

Earnings growing fast (52.2% YoY)

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

EPS Consistency

8/8 quarters

Every recent quarter grew earnings vs last year

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Cash Flow

Cash Conversion

213%

Turns 213% of profit into real cash

FCF Margin

12.2%

Converts sales into free cash efficiently (12.2%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

Debt / Equity

1.92

Elevated debt (1.92)

Interest Cover

4.13x

Adequate interest coverage (4.1x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

P/E Ratio (TTM)

9.3x

Attractive valuation — P/E 9.3

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

P/E vs Forward

+1.5

GROWING

Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend Yield

2.87%

Moderate income — 2.87% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth

+1140.2%

Dividend growing fast (1140.2% YoY)

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