Commercial and Services · EQUITY
KQ
Kenya Airways Plc
Ksh 5.62
0.00% today
close 06 Nov 2026 · source mystocks
68 owned trading days · 07 Jul 2026 → 06 Nov 2026 · KES 5.30–6.20
Why grade C: newest statement 22 months old · only 2 FYs of history (need 3)
Automated analysis for information & education. Not investment advice.
Risk flags
- FlagLoss-making in 2 consecutive FYs
The five pillars
composite —/100Data C
scored 06 Nov 2026 · weights profile Commercial and Services · formulas on /methodology
Ring color: accent = confidence A/B, amber = C/D — a fixed-radius stroke, never a percentage fill.
Value11
- loss-making in latest FY — P/E not meaningful0 ·w25
- negative book value — P/B not meaningful— ·w20
- earnings yield -35.9% vs 364d T-bill 9.03% (spread -45.0pp)0 ·w20
- needs positive EPS and own P/E history— ·w15
- needs a dividend and own yield history— ·w10
- revenue/earnings growth +8.8% YoY(short window)63 ·w10
Financial health62
- F-Score 8/9 signals passed89 ·w70
- interest coverage -0.3× (stored ratio — not derivable from raw lines)0 ·w30
Quality57
- ROE 26.7%100 ·w25
- net margin -6.5% (non-financial bands)0 ·w20
- net margin +4.1pp over window(short window)91 ·w15
- ROA -5.7%0 ·w15
- negative equity — leverage not meaningful— ·w15
- revenue never declined over window(short window)100 ·w10
Dividend reliability0
- paid a dividend in 0 of 2 observed FYs (design window 5)(short window)0 ·w30
- no dividend in latest FY0 ·w20
- needs latest DPS and EPS— ·w20
- needs two consecutive dividend-paying FYs— ·w15
- needs latest DPS and positive EPS— ·w15
MomentumBuilding history — since 2026-07-07
- Building history — since 2026-07-07— ·w100
Liquidity57
- median daily turnover ≈ KES 2,865,392 over 68 observed days(short window)61 ·w40
- no trades on 0% of observed days(short window)100 ·w30
- daily turnover 0.9bp of market cap (shares est. from NI÷EPS)(short window)9 ·w30
Statements we hold
| FY | Revenue | Net income | EPS | DPS |
|---|---|---|---|---|
| 2024 | KES 185.0B | KES -12.0B | -2.02 | — |
| 2023 | KES 170.0B | KES -18.0B | -3.03 | — |
source v3-seed (vintage 2026-02) · refreshed per filing as filings are processed
Analyst brief
An overall verdict is withheld. The data confidence grade is C because the newest financial statement is 22 months old and only two fiscal years of history are available — the scoring engine requires three years to judge most pillars robustly. Kenya Airways carries a core risk flag: it is loss-making in consecutive fiscal years. On individual pillars, health ranks highest (62 out of 100), driven by a strong F-Score of 8 out of 9 signals passed; however, interest coverage at negative 0.3× is a material drag. Quality scores 57, buoyed by a revenue-never-declined track record and an 8-year-long history of margin improvement; yet net margin stands at negative 6.5% and return on assets at negative 5.7%. Value scores lowest at 11 because the company is loss-making (P/E not meaningful), carries negative book value (P/B not meaningful), and the earnings yield of negative 36.2% sits far below the 364-day T-bill rate of 9.03%, a spread of negative 45.2 percentage points. Only revenue growth at 8.8% year-on-year offers a partial offset. Dividend scores zero — no payout in either of the two observed fiscal years.
Kenya Airways trades at 5.58 KES as of 2 November 2026. The momentum pillar is still building a history (since 7 July 2026) and carries no score. Liquidity is adequate but thin: median daily turnover over 64 observed days stands at roughly 2.9 million KES, though daily turnover represents just 0.9 basis points of estimated market capitalisation. A fresh earnings filing (the latest is now 22 months old) and a third consecutive fiscal year of reported results would clarify the strength and durability of the margin recovery and help validate whether operating trends are sustainable.
Automated analysis for information & education. Not investment advice.
generated 02 Nov 2026, 17:48 EAT · every figure machine-checked against the engine's computed inputs · identical for all readers