COPA HOLDINGS SA-CLASS A (CPA) Fundamental Analysis & Valuation

NYSE:CPA • PAP310761054

Current stock price

107.81 USD
-3.1 (-2.8%)
At close:
106.76 USD
-1.05 (-0.97%)
After Hours:

This CPA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. CPA Profitability Analysis

1.1 Basic Checks

  • CPA had positive earnings in the past year.
  • In the past year CPA had a positive cash flow from operations.
  • CPA had positive earnings in each of the past 5 years.
  • In the past 5 years CPA always reported a positive cash flow from operatings.
CPA Yearly Net Income VS EBIT VS OCF VS FCFCPA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B

1.2 Ratios

  • With an excellent Return On Assets value of 10.20%, CPA belongs to the best of the industry, outperforming 90.91% of the companies in the same industry.
  • CPA has a Return On Equity of 24.20%. This is amongst the best in the industry. CPA outperforms 86.36% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 13.54%, CPA belongs to the top of the industry, outperforming 86.36% of the companies in the same industry.
  • CPA had an Average Return On Invested Capital over the past 3 years of 15.49%. This is significantly below the industry average of 20.69%.
Industry RankSector Rank
ROA 10.2%
ROE 24.2%
ROIC 13.54%
ROA(3y)10.23%
ROA(5y)7.83%
ROE(3y)24.69%
ROE(5y)20.15%
ROIC(3y)15.49%
ROIC(5y)12.31%
CPA Yearly ROA, ROE, ROICCPA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40

1.3 Margins

  • CPA has a Profit Margin of 18.56%. This is amongst the best in the industry. CPA outperforms 100.00% of its industry peers.
  • CPA's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 22.64%, CPA belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • CPA's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 62.44%, CPA is in the better half of the industry, outperforming 68.18% of the companies in the same industry.
  • In the last couple of years the Gross Margin of CPA has remained more or less at the same level.
Industry RankSector Rank
OM 22.64%
PM (TTM) 18.56%
GM 62.44%
OM growth 3Y14.22%
OM growth 5YN/A
PM growth 3Y16.5%
PM growth 5YN/A
GM growth 3Y4.64%
GM growth 5Y0.09%
CPA Yearly Profit, Operating, Gross MarginsCPA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50

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6

2. CPA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CPA is creating some value.
  • The number of shares outstanding for CPA remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for CPA has been reduced compared to 5 years ago.
  • CPA has a worse debt/assets ratio than last year.
CPA Yearly Shares OutstandingCPA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
CPA Yearly Total Debt VS Total AssetsCPA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • CPA has an Altman-Z score of 2.36. This is not the best score and indicates that CPA is in the grey zone with still only limited risk for bankruptcy at the moment.
  • The Altman-Z score of CPA (2.36) is better than 90.91% of its industry peers.
  • The Debt to FCF ratio of CPA is 7.59, which is on the high side as it means it would take CPA, 7.59 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of CPA (7.59) is better than 81.82% of its industry peers.
  • A Debt/Equity ratio of 0.74 indicates that CPA is somewhat dependend on debt financing.
  • CPA has a Debt to Equity ratio of 0.74. This is in the better half of the industry: CPA outperforms 68.18% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 7.59
Altman-Z 2.36
ROIC/WACC1.47
WACC9.19%
CPA Yearly LT Debt VS Equity VS FCFCPA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • A Current Ratio of 1.31 indicates that CPA should not have too much problems paying its short term obligations.
  • With an excellent Current ratio value of 1.31, CPA belongs to the best of the industry, outperforming 95.45% of the companies in the same industry.
  • A Quick Ratio of 1.20 indicates that CPA should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.20, CPA belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.31
Quick Ratio 1.2
CPA Yearly Current Assets VS Current LiabilitesCPA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. CPA Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 11.74% over the past year.
  • CPA shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 24.55% yearly.
  • Looking at the last year, CPA shows a small growth in Revenue. The Revenue has grown by 4.98% in the last year.
  • The Revenue has been growing by 35.20% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)11.74%
EPS 3Y24.55%
EPS 5YN/A
EPS Q2Q%4.76%
Revenue 1Y (TTM)4.98%
Revenue growth 3Y6.86%
Revenue growth 5Y35.2%
Sales Q2Q%9.79%

3.2 Future

  • The Earnings Per Share is expected to grow by 12.39% on average over the next years. This is quite good.
  • Based on estimates for the next years, CPA will show a quite strong growth in Revenue. The Revenue will grow by 8.05% on average per year.
EPS Next Y14.46%
EPS Next 2Y12.67%
EPS Next 3Y13.3%
EPS Next 5Y12.39%
Revenue Next Year12.81%
Revenue Next 2Y9.76%
Revenue Next 3Y9.53%
Revenue Next 5Y8.05%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
CPA Yearly Revenue VS EstimatesCPA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1B 2B 3B 4B
CPA Yearly EPS VS EstimatesCPA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 10 20

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9

4. CPA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 6.63, the valuation of CPA can be described as very cheap.
  • 95.45% of the companies in the same industry are more expensive than CPA, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 24.75. CPA is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 5.79 indicates a rather cheap valuation of CPA.
  • Based on the Price/Forward Earnings ratio, CPA is valued cheaper than 95.45% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.10. CPA is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 6.63
Fwd PE 5.79
CPA Price Earnings VS Forward Price EarningsCPA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20

4.2 Price Multiples

  • CPA's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CPA is cheaper than 100.00% of the companies in the same industry.
  • CPA's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CPA is cheaper than 63.64% of the companies in the same industry.
Industry RankSector Rank
P/FCF 14.6
EV/EBITDA 3.86
CPA Per share dataCPA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • CPA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The excellent profitability rating of CPA may justify a higher PE ratio.
  • CPA's earnings are expected to grow with 13.30% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.46
PEG (5Y)N/A
EPS Next 2Y12.67%
EPS Next 3Y13.3%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

8

5. CPA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 6.00%, CPA is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.97, CPA pays a better dividend. On top of this CPA pays more dividend than 100.00% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, CPA pays a better dividend.
Industry RankSector Rank
Dividend Yield 6%

5.2 History

  • On average, the dividend of CPA grows each year by 9.94%, which is quite nice.
  • CPA has been paying a dividend for at least 10 years, so it has a reliable track record.
  • CPA has decreased its dividend recently.
Dividend Growth(5Y)9.94%
Div Incr Years1
Div Non Decr Years1
CPA Yearly Dividends per shareCPA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2023 2024 2025 2026 2 4 6

5.3 Sustainability

  • 39.58% of the earnings are spent on dividend by CPA. This is a low number and sustainable payout ratio.
  • CPA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP39.58%
EPS Next 2Y12.67%
EPS Next 3Y13.3%
CPA Yearly Income VS Free CF VS DividendCPA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M 600M -600M
CPA Dividend Payout.CPA Dividend Payout, showing the Payout Ratio.CPA Dividend Payout.PayoutRetained Earnings

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CPA Fundamentals: All Metrics, Ratios and Statistics

COPA HOLDINGS SA-CLASS A

NYSE:CPA (3/30/2026, 8:04:00 PM)

After market: 106.76 -1.05 (-0.97%)

107.81

-3.1 (-2.8%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)02-11
Earnings (Next)05-05
Inst Owners97.17%
Inst Owner Change1.61%
Ins OwnersN/A
Ins Owner Change0%
Market Cap4.44B
Revenue(TTM)3.62B
Net Income(TTM)671.65M
Analysts81.11
Price Target169.87 (57.56%)
Short Float %5.53%
Short Ratio3.86
Dividend
Industry RankSector Rank
Dividend Yield 6%
Yearly Dividend6.46
Dividend Growth(5Y)9.94%
DP39.58%
Div Incr Years1
Div Non Decr Years1
Ex-Date02-27
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.55%
Min EPS beat(2)-5.77%
Max EPS beat(2)2.66%
EPS beat(4)3
Avg EPS beat(4)2.65%
Min EPS beat(4)-5.77%
Max EPS beat(4)7.28%
EPS beat(8)6
Avg EPS beat(8)4.39%
EPS beat(12)10
Avg EPS beat(12)7.97%
EPS beat(16)14
Avg EPS beat(16)14.03%
Revenue beat(2)0
Avg Revenue beat(2)-0.94%
Min Revenue beat(2)-1.26%
Max Revenue beat(2)-0.62%
Revenue beat(4)1
Avg Revenue beat(4)-0.68%
Min Revenue beat(4)-1.26%
Max Revenue beat(4)0.22%
Revenue beat(8)2
Avg Revenue beat(8)-0.8%
Revenue beat(12)5
Avg Revenue beat(12)-0.27%
Revenue beat(16)7
Avg Revenue beat(16)-0.23%
PT rev (1m)-4.29%
PT rev (3m)4.79%
EPS NQ rev (1m)-5.3%
EPS NQ rev (3m)-4.43%
EPS NY rev (1m)1.86%
EPS NY rev (3m)2.41%
Revenue NQ rev (1m)0.49%
Revenue NQ rev (3m)4.1%
Revenue NY rev (1m)0.85%
Revenue NY rev (3m)1.9%
Valuation
Industry RankSector Rank
PE 6.63
Fwd PE 5.79
P/S 1.23
P/FCF 14.6
P/OCF 3.86
P/B 1.6
P/tB 1.66
EV/EBITDA 3.86
EPS(TTM)16.27
EY15.09%
EPS(NY)18.62
Fwd EY17.27%
FCF(TTM)7.38
FCFY6.85%
OCF(TTM)27.96
OCFY25.94%
SpS87.94
BVpS67.46
TBVpS64.93
PEG (NY)0.46
PEG (5Y)N/A
Graham Number157.15
Profitability
Industry RankSector Rank
ROA 10.2%
ROE 24.2%
ROCE 15.68%
ROIC 13.54%
ROICexc 18.2%
ROICexgc 18.7%
OM 22.64%
PM (TTM) 18.56%
GM 62.44%
FCFM 8.4%
ROA(3y)10.23%
ROA(5y)7.83%
ROE(3y)24.69%
ROE(5y)20.15%
ROIC(3y)15.49%
ROIC(5y)12.31%
ROICexc(3y)20.41%
ROICexc(5y)16.72%
ROICexgc(3y)21.07%
ROICexgc(5y)17.28%
ROCE(3y)17.94%
ROCE(5y)14.26%
ROICexgc growth 3Y4.32%
ROICexgc growth 5YN/A
ROICexc growth 3Y4.51%
ROICexc growth 5YN/A
OM growth 3Y14.22%
OM growth 5YN/A
PM growth 3Y16.5%
PM growth 5YN/A
GM growth 3Y4.64%
GM growth 5Y0.09%
F-Score6
Asset Turnover0.55
Health
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 7.59
Debt/EBITDA 1.74
Cap/Depr 231.87%
Cap/Sales 23.4%
Interest Coverage 12.01
Cash Conversion 97.16%
Profit Quality 45.23%
Current Ratio 1.31
Quick Ratio 1.2
Altman-Z 2.36
F-Score6
WACC9.19%
ROIC/WACC1.47
Cap/Depr(3y)212.03%
Cap/Depr(5y)165.82%
Cap/Sales(3y)20.22%
Cap/Sales(5y)16.87%
Profit Quality(3y)60.64%
Profit Quality(5y)196.2%
High Growth Momentum
Growth
EPS 1Y (TTM)11.74%
EPS 3Y24.55%
EPS 5YN/A
EPS Q2Q%4.76%
EPS Next Y14.46%
EPS Next 2Y12.67%
EPS Next 3Y13.3%
EPS Next 5Y12.39%
Revenue 1Y (TTM)4.98%
Revenue growth 3Y6.86%
Revenue growth 5Y35.2%
Sales Q2Q%9.79%
Revenue Next Year12.81%
Revenue Next 2Y9.76%
Revenue Next 3Y9.53%
Revenue Next 5Y8.05%
EBIT growth 1Y8.77%
EBIT growth 3Y22.05%
EBIT growth 5YN/A
EBIT Next Year61.01%
EBIT Next 3Y26.54%
EBIT Next 5Y20.24%
FCF growth 1Y-10.78%
FCF growth 3Y-14.47%
FCF growth 5YN/A
OCF growth 1Y15.41%
OCF growth 3Y14.9%
OCF growth 5Y193.3%

COPA HOLDINGS SA-CLASS A / CPA Fundamental Analysis FAQ

What is the fundamental rating for CPA stock?

ChartMill assigns a fundamental rating of 7 / 10 to CPA.


What is the valuation status for CPA stock?

ChartMill assigns a valuation rating of 9 / 10 to COPA HOLDINGS SA-CLASS A (CPA). This can be considered as Undervalued.


How profitable is COPA HOLDINGS SA-CLASS A (CPA) stock?

COPA HOLDINGS SA-CLASS A (CPA) has a profitability rating of 8 / 10.


What is the valuation of COPA HOLDINGS SA-CLASS A based on its PE and PB ratios?

The Price/Earnings (PE) ratio for COPA HOLDINGS SA-CLASS A (CPA) is 6.63 and the Price/Book (PB) ratio is 1.6.


Is the dividend of COPA HOLDINGS SA-CLASS A sustainable?

The dividend rating of COPA HOLDINGS SA-CLASS A (CPA) is 8 / 10 and the dividend payout ratio is 39.58%.