CORP AMERICA AIRPORTS SA (CAAP) Stock Fundamental Analysis
NYSE:CAAP - New York Stock Exchange, Inc. - LU1756447840 - Common Stock - Currency: USD
Overall CAAP gets a fundamental rating of 5 out of 10. We evaluated CAAP against 7 industry peers in the Transportation Infrastructure industry. Both the profitability and the financial health of CAAP get a neutral evaluation. Nothing too spectacular is happening here. CAAP may be a bit undervalued, certainly considering the very reasonable score on growth These ratings would make CAAP suitable for value investing!
1. Profitability
1.1 Basic Checks
In the past year CAAP was profitable.
In the past year CAAP had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: CAAP reported negative net income in multiple years.
Of the past 5 years CAAP 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 11.74%, CAAP is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
Looking at the Return On Equity, with a value of 38.52%, CAAP is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
CAAP has a Return On Invested Capital of 13.01%. This is comparable to the rest of the industry: CAAP outperforms 57.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.74% | ||
| ROE | 38.52% | ||
| ROIC | 13.01% |
ROA(3y)2.63%
ROA(5y)0.14%
ROE(3y)10.48%
ROE(5y)-3.82%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a Profit Margin value of 25.84%, CAAP perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
CAAP's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 27.89%, CAAP perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
CAAP's Operating Margin has improved in the last couple of years.
CAAP's Gross Margin of 34.07% is in line compared to the rest of the industry. CAAP outperforms 42.86% of its industry peers.
CAAP's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.89% | ||
| PM (TTM) | 25.84% | ||
| GM | 34.07% |
OM growth 3YN/A
OM growth 5Y7.24%
PM growth 3YN/A
PM growth 5Y102.87%
GM growth 3YN/A
GM growth 5Y1.69%
2. Health
2.1 Basic Checks
CAAP has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
CAAP has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, CAAP has more shares outstanding
The debt/assets ratio for CAAP has been reduced compared to a year ago.
2.2 Solvency
CAAP has an Altman-Z score of 2.35. This is not the best score and indicates that CAAP is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.35, CAAP is in line with its industry, outperforming 57.14% of the companies in the same industry.
CAAP has a debt to FCF ratio of 3.15. This is a good value and a sign of high solvency as CAAP would need 3.15 years to pay back of all of its debts.
The Debt to FCF ratio of CAAP (3.15) is better than 85.71% of its industry peers.
A Debt/Equity ratio of 0.80 indicates that CAAP is somewhat dependend on debt financing.
CAAP has a better Debt to Equity ratio (0.80) than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 3.15 | ||
| Altman-Z | 2.35 |
ROIC/WACC1.96
WACC6.63%
2.3 Liquidity
A Current Ratio of 1.29 indicates that CAAP should not have too much problems paying its short term obligations.
The Current ratio of CAAP (1.29) is comparable to the rest of the industry.
A Quick Ratio of 1.27 indicates that CAAP should not have too much problems paying its short term obligations.
CAAP has a Quick ratio (1.27) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.29 | ||
| Quick Ratio | 1.27 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 116.00% over the past year.
CAAP shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 55.55% yearly.
The Revenue has grown by 18.70% in the past year. This is quite good.
Measured over the past years, CAAP shows a decrease in Revenue. The Revenue has been decreasing by -0.37% on average per year.
EPS 1Y (TTM)116%
EPS 3YN/A
EPS 5Y55.55%
EPS Q2Q%-68.97%
Revenue 1Y (TTM)18.7%
Revenue growth 3Y32.1%
Revenue growth 5Y-0.37%
Sales Q2Q%-1.64%
3.2 Future
Based on estimates for the next years, CAAP will show a very strong growth in Earnings Per Share. The EPS will grow by 22.58% on average per year.
The Revenue is expected to grow by 10.77% on average over the next years. This is quite good.
EPS Next Y-7.2%
EPS Next 2Y7.35%
EPS Next 3Y22.58%
EPS Next 5YN/A
Revenue Next Year5.09%
Revenue Next 2Y9.2%
Revenue Next 3Y10.77%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 9.03, the valuation of CAAP can be described as reasonable.
Based on the Price/Earnings ratio, CAAP is valued cheaper than 100.00% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 30.30. CAAP is valued rather cheaply when compared to this.
CAAP is valuated reasonably with a Price/Forward Earnings ratio of 9.79.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CAAP indicates a rather cheap valuation: CAAP is cheaper than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.06, CAAP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.03 | ||
| Fwd PE | 9.79 |
4.2 Price Multiples
100.00% of the companies in the same industry are more expensive than CAAP, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, CAAP is valued cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.08 | ||
| EV/EBITDA | 5.23 |
4.3 Compensation for Growth
CAAP's earnings are expected to grow with 22.58% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.16
EPS Next 2Y7.35%
EPS Next 3Y22.58%
5. Dividend
5.1 Amount
CAAP does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
19.51
-0.06 (-0.31%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners13.75%
Inst Owner Change1.23%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap3.18B
Analysts84
Price Target21.93 (12.4%)
Short Float %4.63%
Short Ratio10.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0.14
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-40.66%
Min EPS beat(2)-74.97%
Max EPS beat(2)-6.34%
EPS beat(4)2
Avg EPS beat(4)52.46%
Min EPS beat(4)-74.97%
Max EPS beat(4)164.27%
EPS beat(8)5
Avg EPS beat(8)74.44%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.43%
Min Revenue beat(2)-1.49%
Max Revenue beat(2)2.36%
Revenue beat(4)1
Avg Revenue beat(4)-4.68%
Min Revenue beat(4)-18.68%
Max Revenue beat(4)2.36%
Revenue beat(8)5
Avg Revenue beat(8)3.66%
Revenue beat(12)9
Avg Revenue beat(12)9.28%
Revenue beat(16)10
Avg Revenue beat(16)6.77%
PT rev (1m)0%
PT rev (3m)1.13%
EPS NQ rev (1m)-38.1%
EPS NQ rev (3m)-28.97%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.25%
Revenue NQ rev (1m)-6.63%
Revenue NQ rev (3m)-14.68%
Revenue NY rev (1m)2.76%
Revenue NY rev (3m)-3.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.03 | ||
| Fwd PE | 9.79 | ||
| P/S | 1.62 | ||
| P/FCF | 8.08 | ||
| P/OCF | 7.87 | ||
| P/B | 2.42 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.23 |
EPS(TTM)2.16
EY11.07%
EPS(NY)1.99
Fwd EY10.22%
FCF(TTM)2.41
FCFY12.37%
OCF(TTM)2.48
OCFY12.71%
SpS12.01
BVpS8.06
TBVpS-11.62
PEG (NY)N/A
PEG (5Y)0.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.74% | ||
| ROE | 38.52% | ||
| ROCE | 14.97% | ||
| ROIC | 13.01% | ||
| ROICexc | 15.59% | ||
| ROICexgc | N/A | ||
| OM | 27.89% | ||
| PM (TTM) | 25.84% | ||
| GM | 34.07% | ||
| FCFM | 20.09% |
ROA(3y)2.63%
ROA(5y)0.14%
ROE(3y)10.48%
ROE(5y)-3.82%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y13.44%
ROICexc growth 3YN/A
ROICexc growth 5Y10.29%
OM growth 3YN/A
OM growth 5Y7.24%
PM growth 3YN/A
PM growth 5Y102.87%
GM growth 3YN/A
GM growth 5Y1.69%
F-Score7
Asset Turnover0.45
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 3.15 | ||
| Debt/EBITDA | 1.48 | ||
| Cap/Depr | 6.58% | ||
| Cap/Sales | 0.55% | ||
| Interest Coverage | 6.96 | ||
| Cash Conversion | 56.84% | ||
| Profit Quality | 77.76% | ||
| Current Ratio | 1.29 | ||
| Quick Ratio | 1.27 | ||
| Altman-Z | 2.35 |
F-Score7
WACC6.63%
ROIC/WACC1.96
Cap/Depr(3y)6.05%
Cap/Depr(5y)6.56%
Cap/Sales(3y)0.9%
Cap/Sales(5y)1.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)116%
EPS 3YN/A
EPS 5Y55.55%
EPS Q2Q%-68.97%
EPS Next Y-7.2%
EPS Next 2Y7.35%
EPS Next 3Y22.58%
EPS Next 5YN/A
Revenue 1Y (TTM)18.7%
Revenue growth 3Y32.1%
Revenue growth 5Y-0.37%
Sales Q2Q%-1.64%
Revenue Next Year5.09%
Revenue Next 2Y9.2%
Revenue Next 3Y10.77%
Revenue Next 5YN/A
EBIT growth 1Y33.01%
EBIT growth 3YN/A
EBIT growth 5Y6.85%
EBIT Next Year21.45%
EBIT Next 3Y20.25%
EBIT Next 5YN/A
FCF growth 1Y752.56%
FCF growth 3YN/A
FCF growth 5Y14.01%
OCF growth 1Y639.96%
OCF growth 3Y663.76%
OCF growth 5Y13.21%