COPA HOLDINGS SA-CLASS A (CPA)
PAP310761054 - Common Stock
CPA gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 24 industry peers in the Passenger Airlines industry. CPA scores excellent points on both the profitability and health parts. This is a solid base for a good stock. CPA may be a bit undervalued, certainly considering the very reasonable score on growth These ratings would make CPA suitable for value investing!
1. Profitability
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 4 of the past 5 years.
Each year in the past 5 years CPA had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 12.45%, CPA belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
CPA has a better Return On Equity (30.03%) than 87.50% of its industry peers.
CPA has a better Return On Invested Capital (17.10%) than 91.67% of its industry peers.
CPA had an Average Return On Invested Capital over the past 3 years of 11.03%. This is in line with the industry average of 9.35%.
The last Return On Invested Capital (17.10%) for CPA is above the 3 year average (11.03%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.45% | ||
| ROE | 30.03% | ||
| ROIC | 17.1% |
ROA(3y)6.12%
ROA(5y)1.65%
ROE(3y)16.98%
ROE(5y)3.28%
ROIC(3y)11.03%
ROIC(5y)N/A
1.3 Margins
CPA has a Profit Margin of 19.22%. This is amongst the best in the industry. CPA outperforms 100.00% of its industry peers.
In the last couple of years the Profit Margin of CPA has grown nicely.
With an excellent Operating Margin value of 22.75%, CPA belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Operating Margin of CPA has grown nicely.
With a decent Gross Margin value of 61.49%, CPA is doing good in the industry, outperforming 66.67% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.75% | ||
| PM (TTM) | 19.22% | ||
| GM | 61.49% |
OM growth 3YN/A
OM growth 5Y12.42%
PM growth 3YN/A
PM growth 5Y35.18%
GM growth 3Y-0.65%
GM growth 5Y0.21%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so CPA is creating value.
Compared to 1 year ago, CPA has more shares outstanding
Compared to 5 years ago, CPA has less shares outstanding
The debt/assets ratio for CPA has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.55 indicates that CPA is not a great score, but indicates only limited risk for bankruptcy at the moment.
With an excellent Altman-Z score value of 2.55, CPA belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
CPA has a debt to FCF ratio of 1.67. This is a very positive value and a sign of high solvency as it would only need 1.67 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.67, CPA belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
CPA has a Debt/Equity ratio of 0.69. This is a neutral value indicating CPA is somewhat dependend on debt financing.
The Debt to Equity ratio of CPA (0.69) is better than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 1.67 | ||
| Altman-Z | 2.55 |
ROIC/WACC2.22
WACC7.72%
2.3 Liquidity
A Current Ratio of 0.98 indicates that CPA may have some problems paying its short term obligations.
With an excellent Current ratio value of 0.98, CPA belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
A Quick Ratio of 0.89 indicates that CPA may have some problems paying its short term obligations.
The Quick ratio of CPA (0.89) is better than 79.17% of its industry peers.
The current and quick ratio evaluation for CPA is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.89 |
3. Growth
3.1 Past
CPA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -10.42%.
CPA shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.79% yearly.
CPA shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.59%.
Measured over the past years, CPA shows a small growth in Revenue. The Revenue has been growing by 5.24% on average per year.
EPS 1Y (TTM)-10.42%
EPS 3YN/A
EPS 5Y19.79%
EPS Q2Q%-20.27%
Revenue 1Y (TTM)16.59%
Revenue growth 3Y62.81%
Revenue growth 5Y5.24%
Sales Q2Q%-1.5%
3.2 Future
CPA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.12% yearly.
The Revenue is expected to grow by 6.77% on average over the next years.
EPS Next Y-13.58%
EPS Next 2Y0.61%
EPS Next 3Y4.12%
EPS Next 5YN/A
Revenue Next Year1.44%
Revenue Next 2Y5.46%
Revenue Next 3Y6.77%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last 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
A Price/Earnings ratio of 7.04 indicates a rather cheap valuation of CPA.
95.83% of the companies in the same industry are more expensive than CPA, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 28.65, CPA is valued rather cheaply.
A Price/Forward Earnings ratio of 6.23 indicates a rather cheap valuation of CPA.
Based on the Price/Forward Earnings ratio, CPA is valued cheaply inside the industry as 95.83% of the companies are valued more expensively.
CPA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.56.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.04 | ||
| Fwd PE | 6.23 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CPA indicates a rather cheap valuation: CPA is cheaper than 100.00% of the companies listed in the same industry.
CPA's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CPA is cheaper than 91.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.02 | ||
| EV/EBITDA | 4.11 |
4.3 Compensation for Growth
CPA has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.36
EPS Next 2Y0.61%
EPS Next 3Y4.12%
5. Dividend
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 7.70, CPA pays a better dividend. On top of this CPA pays more dividend than 95.83% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.23, CPA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6% |
5.2 History
The dividend of CPA is nicely growing with an annual growth rate of 9.98%!
CPA has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)9.98%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
The dividend of CPA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DPN/A
EPS Next 2Y0.61%
EPS Next 3Y4.12%
COPA HOLDINGS SA-CLASS A
NYSE:CPA (11/20/2024, 8:14:48 PM)
After market: 97 -8.81 (-8.33%)105.81
-1.44 (-1.34%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap4.40B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.04 | ||
| Fwd PE | 6.23 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.36
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.45% | ||
| ROE | 30.03% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 22.75% | ||
| PM (TTM) | 19.22% | ||
| GM | 61.49% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.65
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.89 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-10.42%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y-13.58%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)16.59%
Revenue growth 3Y62.81%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y