CORP AMERICA AIRPORTS SA (CAAP)
LU1756447840 - Common Stock
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 This makes CAAP very considerable for value investing!
1. Profitability
1.1 Basic Checks
CAAP had positive earnings in the past year.
CAAP had a positive operating cash flow in the past year.
In multiple years CAAP reported negative net income over the last 5 years.
CAAP had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
CAAP has a better Return On Assets (11.74%) than 71.43% of its industry peers.
CAAP has a Return On Equity of 38.52%. This is in the better half of the industry: CAAP outperforms 71.43% of its industry peers.
CAAP has a Return On Invested Capital (13.01%) which is in line with 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.
In the last couple of years the Profit Margin of CAAP has grown nicely.
Looking at the Operating Margin, with a value of 27.89%, CAAP is in line with its industry, outperforming 42.86% of the companies in the same industry.
In the last couple of years the Operating Margin of CAAP has grown nicely.
CAAP has a Gross Margin (34.07%) which is comparable to the rest of the industry.
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), CAAP is creating value.
The number of shares outstanding for CAAP remains at a similar level compared to 1 year ago.
CAAP has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, CAAP has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.34 indicates that CAAP is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.34, 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.
CAAP has a Debt to FCF ratio of 3.15. This is amongst the best in the industry. CAAP outperforms 85.71% of its industry peers.
CAAP has a Debt/Equity ratio of 0.80. This is a neutral value indicating 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 | 2.34 |
ROIC/WACC1.95
WACC6.68%
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.
The Quick ratio of CAAP (1.27) is comparable to the rest of the industry.
| 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.
The Earnings Per Share has been growing by 55.55% on average over the past years. This is a very strong growth
Looking at the last year, CAAP shows a quite strong growth in Revenue. The Revenue has grown by 18.70% in the last year.
The Revenue has been decreasing by -0.37% on average over the past years.
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
The Earnings Per Share is expected to grow by 22.58% on average over the next years. This is a very strong growth
CAAP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.63% yearly.
EPS Next Y-7.2%
EPS Next 2Y7.35%
EPS Next 3Y22.58%
EPS Next 5YN/A
Revenue Next Year2.27%
Revenue Next 2Y8.1%
Revenue Next 3Y11.63%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 8.76 indicates a reasonable valuation of CAAP.
CAAP's Price/Earnings ratio is rather cheap when compared to the industry. CAAP is cheaper than 100.00% of the companies in the same industry.
CAAP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.34.
CAAP is valuated reasonably with a Price/Forward Earnings ratio of 9.49.
Based on the Price/Forward Earnings ratio, CAAP is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
CAAP is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.61, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.76 | ||
| Fwd PE | 9.49 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CAAP is valued cheaper than 100.00% of the companies in the same industry.
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 | 7.84 | ||
| EV/EBITDA | 5.2 |
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 |
CORP AMERICA AIRPORTS SA
NYSE:CAAP (1/10/2025, 3:05:40 PM)
18.92
-0.43 (-2.22%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners13.75%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap3.09B
Analysts83.64
Price Target21.93 (15.91%)
Short Float %4.83%
Short Ratio9.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)1.13%
PT rev (3m)3.66%
EPS NQ rev (1m)0%
EPS NQ rev (3m)14.74%
EPS NY rev (1m)-3.22%
EPS NY rev (3m)-7.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.61%
Revenue NY rev (1m)-4.9%
Revenue NY rev (3m)-5.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.76 | ||
| Fwd PE | 9.49 | ||
| P/S | 1.58 | ||
| P/FCF | 7.84 | ||
| P/OCF | 7.63 | ||
| P/B | 2.35 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.2 |
EPS(TTM)2.16
EY11.42%
EPS(NY)1.99
Fwd EY10.54%
FCF(TTM)2.41
FCFY12.75%
OCF(TTM)2.48
OCFY13.11%
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 | 2.34 |
F-Score7
WACC6.68%
ROIC/WACC1.95
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 Year2.27%
Revenue Next 2Y8.1%
Revenue Next 3Y11.63%
Revenue Next 5YN/A
EBIT growth 1Y33.01%
EBIT growth 3YN/A
EBIT growth 5Y6.85%
EBIT Next Year19.53%
EBIT Next 3Y22.3%
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%