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. CAAP has only an average score on both its financial health and profitability. CAAP has a decent growth rate and is not valued too expensively.
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.
In the past 5 years CAAP always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 7.54%, CAAP perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
CAAP's Return On Equity of 22.50% is in line compared to the rest of the industry. CAAP outperforms 50.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 11.30%, CAAP is in line with its industry, outperforming 50.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CAAP is significantly below the industry average of 16.99%.
The last Return On Invested Capital (11.30%) for CAAP is above the 3 year average (9.43%), which is a sign of increasing profitability.
| 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
CAAP has a Profit Margin of 14.12%. This is comparable to the rest of the industry: CAAP outperforms 50.00% of its industry peers.
In the last couple of years the Profit Margin of CAAP has grown nicely.
The Operating Margin of CAAP (23.35%) is comparable to the rest of the industry.
CAAP's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 33.28%, CAAP is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of CAAP has grown nicely.
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CAAP is creating some value.
Compared to 1 year ago, CAAP has about the same amount of shares outstanding.
CAAP has more shares outstanding than it did 5 years ago.
CAAP has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.49 indicates that CAAP is not a great score, but indicates only limited risk for bankruptcy at the moment.
CAAP has a Altman-Z score (2.49) which is comparable to the rest of the industry.
CAAP has a debt to FCF ratio of 3.74. This is a good value and a sign of high solvency as CAAP would need 3.74 years to pay back of all of its debts.
CAAP's Debt to FCF ratio of 3.74 is fine compared to the rest of the industry. CAAP outperforms 66.67% of its industry peers.
A Debt/Equity ratio of 0.72 indicates that 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 | 2.49 |
ROIC/WACC1.59
WACC7.11%
2.3 Liquidity
CAAP has a Current Ratio of 1.39. This is a normal value and indicates that CAAP is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of CAAP (1.39) is worse than 66.67% of its industry peers.
CAAP has a Quick Ratio of 1.37. This is a normal value and indicates that CAAP is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of CAAP (1.37) is worse than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.39 | ||
| Quick Ratio | 1.37 |
3. Growth
3.1 Past
CAAP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -65.32%.
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%.
CAAP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.41% yearly.
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
CAAP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.93% yearly.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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
The Price/Earnings ratio is 23.03, which indicates a rather expensive current valuation of CAAP.
Based on the Price/Earnings ratio, CAAP is valued a bit cheaper than 66.67% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.52, CAAP is valued at the same level.
Based on the Price/Forward Earnings ratio of 8.88, the valuation of CAAP can be described as reasonable.
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's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 35.58.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.03 | ||
| Fwd PE | 8.88 |
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.
CAAP's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CAAP is cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.51 | ||
| EV/EBITDA | 4.91 |
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)12.89
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 |
19.81
+0.51 (+2.64%)
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 (17.47%)
Short Float %5.18%
Short Ratio11.53
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 | 23.03 | ||
| Fwd PE | 8.88 | ||
| P/S | 1.41 | ||
| P/FCF | 10.51 | ||
| P/OCF | 10.06 | ||
| P/B | 2.25 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.91 |
EPS(TTM)0.86
EY4.34%
EPS(NY)2.23
Fwd EY11.27%
FCF(TTM)1.89
FCFY9.52%
OCF(TTM)1.97
OCFY9.94%
SpS14.06
BVpS8.82
TBVpS-11.1
PEG (NY)12.89
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 | 2.49 |
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