CORP AMERICA AIRPORTS SA (CAAP) Stock Fundamental Analysis
NYSE:CAAP - New York Stock Exchange, Inc. - LU1756447840 - Common Stock - Currency: USD
CAAP gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 6 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 is not valued too expensively and it also shows a decent growth rate.
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.
In multiple years CAAP reported negative net income over the last 5 years.
Each year in the past 5 years CAAP had a positive operating cash flow.
1.2 Ratios
CAAP has a Return On Assets (7.54%) which is comparable to the rest of the industry.
With a Return On Equity value of 22.50%, CAAP perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
CAAP has a Return On Invested Capital (11.30%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for CAAP is significantly below the industry average of 16.99%.
The 3 year average ROIC (9.43%) for CAAP is below the current ROIC(11.30%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.54% | ||
| ROE | 22.5% | ||
| ROIC | 11.3% |
ROA(3y)5.97%
ROA(5y)1.44%
ROE(3y)25.72%
ROE(5y)0.07%
ROIC(3y)9.43%
ROIC(5y)N/A
1.3 Margins
With a Profit Margin value of 14.12%, CAAP perfoms like the industry average, outperforming 50.00% 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 23.35%, CAAP is in line with its industry, outperforming 50.00% of the companies in the same industry.
CAAP's Operating Margin has improved in the last couple of years.
The Gross Margin of CAAP (33.28%) is worse than 66.67% of its industry peers.
CAAP's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.35% | ||
| PM (TTM) | 14.12% | ||
| GM | 33.28% |
OM growth 3YN/A
OM growth 5Y6.46%
PM growth 3YN/A
PM growth 5Y92.26%
GM growth 3Y40.1%
GM growth 5Y4.05%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CAAP is still creating some value.
The number of shares outstanding for CAAP remains at a similar level compared to 1 year ago.
The number of shares outstanding for CAAP has been increased compared to 5 years ago.
CAAP has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.51 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 2.51, CAAP is in line with its industry, outperforming 50.00% of the companies in the same industry.
The Debt to FCF ratio of CAAP is 3.74, which is a good value as it means it would take CAAP, 3.74 years of fcf income to pay off all of its debts.
CAAP has a Debt to FCF ratio of 3.74. This is in the better half of the industry: CAAP outperforms 66.67% of its industry peers.
CAAP has a Debt/Equity ratio of 0.72. This is a neutral value indicating CAAP is somewhat dependend on debt financing.
CAAP has a Debt to Equity ratio of 0.72. This is in the better half of the industry: CAAP outperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 3.74 | ||
| Altman-Z | 2.51 |
ROIC/WACC1.59
WACC7.11%
2.3 Liquidity
A Current Ratio of 1.39 indicates that CAAP should not have too much problems paying its short term obligations.
CAAP has a Current ratio of 1.39. This is in the lower half of the industry: CAAP underperforms 66.67% of its industry peers.
A Quick Ratio of 1.37 indicates that CAAP should not have too much problems paying its short term obligations.
CAAP has a worse Quick ratio (1.37) than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.39 | ||
| Quick Ratio | 1.37 |
3. Growth
3.1 Past
The earnings per share for CAAP have decreased strongly by -65.32% in the last year.
Measured over the past years, CAAP shows a very strong growth in Earnings Per Share. The EPS has been growing by 24.10% on average per year.
Looking at the last year, CAAP shows a very strong growth in Revenue. The Revenue has grown by 54.52%.
The Revenue has been growing slightly by 3.41% on average over the past years.
EPS 1Y (TTM)-65.32%
EPS 3YN/A
EPS 5Y24.1%
EPS Q2Q%-73.68%
Revenue 1Y (TTM)54.52%
Revenue growth 3Y37.64%
Revenue growth 5Y3.41%
Sales Q2Q%3.41%
3.2 Future
Based on estimates for the next years, CAAP will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.93% on average per year.
CAAP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.52% yearly.
EPS Next Y1.79%
EPS Next 2Y19.61%
EPS Next 3Y19.93%
EPS Next 5YN/A
Revenue Next Year4.2%
Revenue Next 2Y8.34%
Revenue Next 3Y8.44%
Revenue Next 5Y2.52%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 23.02, the valuation of CAAP can be described as rather expensive.
CAAP's Price/Earnings ratio is a bit cheaper when compared to the industry. CAAP is cheaper than 66.67% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.50. CAAP is around the same levels.
Based on the Price/Forward Earnings ratio of 8.87, the valuation of CAAP can be described as reasonable.
CAAP's Price/Forward 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/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.02 | ||
| Fwd PE | 8.87 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CAAP is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
100.00% of the companies in the same industry are more expensive than CAAP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.5 | ||
| EV/EBITDA | 5.08 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as CAAP's earnings are expected to grow with 19.93% in the coming years.
PEG (NY)12.88
PEG (5Y)0.96
EPS Next 2Y19.61%
EPS Next 3Y19.93%
5. Dividend
5.1 Amount
No dividends for CAAP!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
19.8
-0.26 (-1.3%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners14.49%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap3.23B
Analysts84.62
Price Target23.27 (17.53%)
Short Float %5.06%
Short Ratio11.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/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)-37.2%
Min EPS beat(2)-48.99%
Max EPS beat(2)-25.4%
EPS beat(4)0
Avg EPS beat(4)-38.93%
Min EPS beat(4)-74.97%
Max EPS beat(4)-6.34%
EPS beat(8)3
Avg EPS beat(8)28.73%
EPS beat(12)7
Avg EPS beat(12)456.55%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)3.09%
Min Revenue beat(2)-0.35%
Max Revenue beat(2)6.53%
Revenue beat(4)2
Avg Revenue beat(4)1.76%
Min Revenue beat(4)-1.49%
Max Revenue beat(4)6.53%
Revenue beat(8)4
Avg Revenue beat(8)1.97%
Revenue beat(12)8
Avg Revenue beat(12)7.73%
Revenue beat(16)10
Avg Revenue beat(16)6.65%
PT rev (1m)2.62%
PT rev (3m)5.83%
EPS NQ rev (1m)-8.08%
EPS NQ rev (3m)-9.45%
EPS NY rev (1m)-9.23%
EPS NY rev (3m)-19.86%
Revenue NQ rev (1m)2.37%
Revenue NQ rev (3m)0.54%
Revenue NY rev (1m)0.81%
Revenue NY rev (3m)-2.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.02 | ||
| Fwd PE | 8.87 | ||
| P/S | 1.41 | ||
| P/FCF | 10.5 | ||
| P/OCF | 10.05 | ||
| P/B | 2.24 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.08 |
EPS(TTM)0.86
EY4.34%
EPS(NY)2.23
Fwd EY11.27%
FCF(TTM)1.89
FCFY9.52%
OCF(TTM)1.97
OCFY9.95%
SpS14.06
BVpS8.82
TBVpS-11.1
PEG (NY)12.88
PEG (5Y)0.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.54% | ||
| ROE | 22.5% | ||
| ROCE | 14.31% | ||
| ROIC | 11.3% | ||
| ROICexc | 13.14% | ||
| ROICexgc | N/A | ||
| OM | 23.35% | ||
| PM (TTM) | 14.12% | ||
| GM | 33.28% | ||
| FCFM | 13.41% |
ROA(3y)5.97%
ROA(5y)1.44%
ROE(3y)25.72%
ROE(5y)0.07%
ROIC(3y)9.43%
ROIC(5y)N/A
ROICexc(3y)10.68%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)11.94%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5Y9.96%
OM growth 3YN/A
OM growth 5Y6.46%
PM growth 3YN/A
PM growth 5Y92.26%
GM growth 3Y40.1%
GM growth 5Y4.05%
F-Score5
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 3.74 | ||
| Debt/EBITDA | 1.38 | ||
| Cap/Depr | 6.36% | ||
| Cap/Sales | 0.6% | ||
| Interest Coverage | 5.85 | ||
| Cash Conversion | 42.68% | ||
| Profit Quality | 94.98% | ||
| Current Ratio | 1.39 | ||
| Quick Ratio | 1.37 | ||
| Altman-Z | 2.51 |
F-Score5
WACC7.11%
ROIC/WACC1.59
Cap/Depr(3y)6.53%
Cap/Depr(5y)5.92%
Cap/Sales(3y)0.74%
Cap/Sales(5y)1%
Profit Quality(3y)149.39%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-65.32%
EPS 3YN/A
EPS 5Y24.1%
EPS Q2Q%-73.68%
EPS Next Y1.79%
EPS Next 2Y19.61%
EPS Next 3Y19.93%
EPS Next 5YN/A
Revenue 1Y (TTM)54.52%
Revenue growth 3Y37.64%
Revenue growth 5Y3.41%
Sales Q2Q%3.41%
Revenue Next Year4.2%
Revenue Next 2Y8.34%
Revenue Next 3Y8.44%
Revenue Next 5Y2.52%
EBIT growth 1Y19.07%
EBIT growth 3YN/A
EBIT growth 5Y10.09%
EBIT Next Year47%
EBIT Next 3Y22.42%
EBIT Next 5Y12.35%
FCF growth 1Y3.55%
FCF growth 3Y59.24%
FCF growth 5YN/A
OCF growth 1Y4.4%
OCF growth 3Y56.62%
OCF growth 5YN/A