International Consolidated Airlines Group S.A. (INR.DE)

International Consolidated Airlines Group S.A. (INR.DE) — VMCI valuation read

International Consolidated Airlines Group S.A. sits at VMCI 63/100, with the Industrials sector median at 50. That 13-point spread is the first thing to note on INR.DE: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on INR.DE are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on INR.DE: INR.DE trades at 16.0x earnings, 11% below the Industrials median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 16.0% sits 6.0pp above the Industrials median (10.0%). The Risk read: net debt to EBITDA of 0.1x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

INR.DE rose 0.8% over the trailing 7 days, with a -4.3% read on a 30-day basis.