Ryanair Holdings plc is an Irish low cost airline headquartered in Swords, Dublin, Ireland. The company operates over 3,000 routes across Europe and North Africa and offers a variety of services including flights and ancillary services such as car hire, accommodation bookings and travel insurance. Financial performance of the company is mainly assessed by its market capitalisation (marketCap). Market cap as of 3rd of February 2023 stands at $21.591 bln which puts it among some of the biggest airlines in the world.
Market capitalisation for Ryanair Holdings plc has been relatively stable over the past three years with no major fluctuations. As per 2nd of February, 2023, the market cap was $21.63 bln while on 1st of February Twentieth-Twenty-Three it stood at $21.15 bln. This shows that there has been a slight increase in market cap from one year to another which can be attributed to better overall performance of the company during this time period.
Overall financial condition of Ryanair Holdings plc is relatively good based on its current market cap level. With a price average over fifty days ($85.93) substantially higher than two hundred days price average ($76.08), investors’ sentiment towards Ryanair Holdings plc seems to be positive right now which bodes well for future growth prospects of the company. Moreover, with its operating income increasing significantly since last year and its Earnings Per Share (EPS) standing at 6.29, we can safely say that Ryanair Holdings plc is in good financial shape right now and will most likely continue to remain so going forward provided that business conditions remain favourable for the company across Europe and North Africa going forward.
