COPA HOLDINGS SA-CLASS A (CPA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CPA - PAP310761054 - Common Stock
118.99 USD
+0.75 (+0.63%)
118.8 USD
-0.19 (-0.16%)
We assign a fundamental rating of 7 out of 10 to CPA. CPA was compared to 22 industry peers in the Passenger Airlines industry. CPA scores excellent on profitability, but there are some minor concerns on its financial health. 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
In the past year CPA was profitable.
In the past year CPA had a positive cash flow from operations.
CPA had positive earnings in 4 of the past 5 years.
CPA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CPA's Return On Assets of 10.59% is amongst the best of the industry. CPA outperforms 95.45% of its industry peers.
Looking at the Return On Equity, with a value of 24.91%, CPA belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
CPA has a better Return On Invested Capital (14.07%) than 86.36% of its industry peers.
CPA had an Average Return On Invested Capital over the past 3 years of 14.48%. This is in line with the industry average of 13.76%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.59% | ||
| ROE | 24.91% | ||
| ROIC | 14.07% |
ROA(3y)9.3%
ROA(5y)2.64%
ROE(3y)24.4%
ROE(5y)5.85%
ROIC(3y)14.48%
ROIC(5y)N/A
1.3 Margins
CPA has a Profit Margin of 18.81%. 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.
CPA's Operating Margin of 22.82% is amongst the best of the industry. CPA outperforms 100.00% of its industry peers.
In the last couple of years the Operating Margin of CPA has grown nicely.
CPA has a Gross Margin of 63.15%. This is in the better half of the industry: CPA outperforms 68.18% of its industry peers.
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 | 22.82% | ||
| PM (TTM) | 18.81% | ||
| GM | 63.15% |
OM growth 3Y31.04%
OM growth 5Y6.32%
PM growth 3Y82.55%
PM growth 5Y14.1%
GM growth 3Y-0.59%
GM growth 5Y-0.26%
2. Health
2.1 Basic Checks
CPA has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, CPA has less shares outstanding
CPA has less shares outstanding than it did 5 years ago.
The debt/assets ratio for CPA is higher compared to a year ago.
2.2 Solvency
CPA has an Altman-Z score of 2.42. 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.
CPA has a better Altman-Z score (2.42) than 90.91% of its industry peers.
CPA has a debt to FCF ratio of 4.89. This is a neutral value as CPA would need 4.89 years to pay back of all of its debts.
The Debt to FCF ratio of CPA (4.89) is better than 86.36% of its industry peers.
A Debt/Equity ratio of 0.71 indicates that CPA is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.71, CPA is in the better half of the industry, outperforming 77.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 4.89 | ||
| Altman-Z | 2.42 |
ROIC/WACC1.66
WACC8.47%
2.3 Liquidity
CPA has a Current Ratio of 1.06. This is a normal value and indicates that CPA is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of CPA (1.06) is better than 95.45% of its industry peers.
CPA has a Quick Ratio of 1.06. This is a bad value and indicates that CPA is not financially healthy enough and could expect problems in meeting its short term obligations.
CPA has a Quick ratio of 0.95. This is amongst the best in the industry. CPA outperforms 95.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.95 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.91% over the past year.
The Earnings Per Share has been growing by 12.92% on average over the past years. This is quite good.
CPA shows a small growth in Revenue. In the last year, the Revenue has grown by 1.53%.
CPA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.94% yearly.
EPS 1Y (TTM)6.91%
EPS 3Y492.5%
EPS 5Y12.92%
EPS Q2Q%20%
Revenue 1Y (TTM)1.53%
Revenue growth 3Y31.66%
Revenue growth 5Y4.94%
Sales Q2Q%6.84%
3.2 Future
CPA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.67% yearly.
CPA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.24% yearly.
EPS Next Y13.97%
EPS Next 2Y11.28%
EPS Next 3Y11.67%
EPS Next 5YN/A
Revenue Next Year5.32%
Revenue Next 2Y8%
Revenue Next 3Y8.24%
Revenue Next 5YN/A
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.
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
The Price/Earnings ratio is 7.40, which indicates a rather cheap valuation of CPA.
100.00% of the companies in the same industry are more expensive than CPA, based on the Price/Earnings ratio.
CPA is valuated cheaply when we compare the Price/Earnings ratio to 26.46, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 6.60, the valuation of CPA can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CPA indicates a rather cheap valuation: CPA is cheaper than 95.45% of the companies listed in the same industry.
CPA is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.4 | ||
| Fwd PE | 6.6 |
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 90.91% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, CPA is valued cheaper than 81.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.01 | ||
| EV/EBITDA | 4.69 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CPA has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.53
PEG (5Y)0.57
EPS Next 2Y11.28%
EPS Next 3Y11.67%
5. Dividend
5.1 Amount
CPA has a Yearly Dividend Yield of 5.45%, which is a nice return.
Compared to an average industry Dividend Yield of 2.93, 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 2.32, CPA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.45% |
5.2 History
On average, the dividend of CPA grows each year by 17.30%, which is quite nice.
CPA has paid a dividend for at least 10 years, which is a reliable track record.
CPA has decreased its dividend recently.
Dividend Growth(5Y)17.3%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
CPA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DPN/A
EPS Next 2Y11.28%
EPS Next 3Y11.67%
118.99
+0.75 (+0.63%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners95.94%
Inst Owner Change-4.29%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.90B
Revenue(TTM)3.53B
Net Income(TTM)664.79M
Analysts83.33
Price Target161.09 (35.38%)
Short Float %5.15%
Short Ratio5.98
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.45% |
Yearly Dividend6.47
Dividend Growth(5Y)17.3%
DPN/A
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.54%
Min EPS beat(2)2.66%
Max EPS beat(2)6.41%
EPS beat(4)4
Avg EPS beat(4)5.24%
Min EPS beat(4)2.66%
Max EPS beat(4)7.28%
EPS beat(8)7
Avg EPS beat(8)6.9%
EPS beat(12)11
Avg EPS beat(12)9.29%
EPS beat(16)15
Avg EPS beat(16)16.22%
Revenue beat(2)0
Avg Revenue beat(2)-1.16%
Min Revenue beat(2)-1.26%
Max Revenue beat(2)-1.05%
Revenue beat(4)1
Avg Revenue beat(4)-0.78%
Min Revenue beat(4)-1.26%
Max Revenue beat(4)0.22%
Revenue beat(8)3
Avg Revenue beat(8)-0.47%
Revenue beat(12)5
Avg Revenue beat(12)-0.28%
Revenue beat(16)8
Avg Revenue beat(16)0.09%
PT rev (1m)-0.18%
PT rev (3m)0.89%
EPS NQ rev (1m)-3.82%
EPS NQ rev (3m)-4.44%
EPS NY rev (1m)0.1%
EPS NY rev (3m)-0.18%
Revenue NQ rev (1m)1.2%
Revenue NQ rev (3m)1.09%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)0.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.4 | ||
| Fwd PE | 6.6 | ||
| P/S | 1.39 | ||
| P/FCF | 11.01 | ||
| P/OCF | 4.5 | ||
| P/B | 1.83 | ||
| P/tB | 1.91 | ||
| EV/EBITDA | 4.69 |
EPS(TTM)16.08
EY13.51%
EPS(NY)18.03
Fwd EY15.15%
FCF(TTM)10.81
FCFY9.09%
OCF(TTM)26.47
OCFY22.24%
SpS85.89
BVpS64.86
TBVpS62.39
PEG (NY)0.53
PEG (5Y)0.57
Graham Number153.19
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.59% | ||
| ROE | 24.91% | ||
| ROCE | 16.52% | ||
| ROIC | 14.07% | ||
| ROICexc | 17.65% | ||
| ROICexgc | 18.13% | ||
| OM | 22.82% | ||
| PM (TTM) | 18.81% | ||
| GM | 63.15% | ||
| FCFM | 12.59% |
ROA(3y)9.3%
ROA(5y)2.64%
ROE(3y)24.4%
ROE(5y)5.85%
ROIC(3y)14.48%
ROIC(5y)N/A
ROICexc(3y)19.38%
ROICexc(5y)N/A
ROICexgc(3y)20.04%
ROICexgc(5y)N/A
ROCE(3y)17.01%
ROCE(5y)N/A
ROICexgc growth 3Y42.26%
ROICexgc growth 5Y4.3%
ROICexc growth 3Y42.93%
ROICexc growth 5Y4.63%
OM growth 3Y31.04%
OM growth 5Y6.32%
PM growth 3Y82.55%
PM growth 5Y14.1%
GM growth 3Y-0.59%
GM growth 5Y-0.26%
F-Score4
Asset Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 4.89 | ||
| Debt/EBITDA | 1.67 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 95.76% | ||
| Profit Quality | 66.91% | ||
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.95 | ||
| Altman-Z | 2.42 |
F-Score4
WACC8.47%
ROIC/WACC1.66
Cap/Depr(3y)168.74%
Cap/Depr(5y)124.12%
Cap/Sales(3y)15.49%
Cap/Sales(5y)13.7%
Profit Quality(3y)92.06%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.91%
EPS 3Y492.5%
EPS 5Y12.92%
EPS Q2Q%20%
EPS Next Y13.97%
EPS Next 2Y11.28%
EPS Next 3Y11.67%
EPS Next 5YN/A
Revenue 1Y (TTM)1.53%
Revenue growth 3Y31.66%
Revenue growth 5Y4.94%
Sales Q2Q%6.84%
Revenue Next Year5.32%
Revenue Next 2Y8%
Revenue Next 3Y8.24%
Revenue Next 5YN/A
EBIT growth 1Y5.63%
EBIT growth 3Y72.54%
EBIT growth 5Y11.57%
EBIT Next Year60.57%
EBIT Next 3Y24.69%
EBIT Next 5YN/A
FCF growth 1Y-31.76%
FCF growth 3Y5.63%
FCF growth 5Y-13.35%
OCF growth 1Y67.07%
OCF growth 3Y25.25%
OCF growth 5Y4.9%
COPA HOLDINGS SA-CLASS A / CPA FAQ
What is the fundamental rating for CPA stock?
ChartMill assigns a fundamental rating of 7 / 10 to CPA.
What is the valuation status of COPA HOLDINGS SA-CLASS A (CPA) stock?
ChartMill assigns a valuation rating of 9 / 10 to COPA HOLDINGS SA-CLASS A (CPA). This can be considered as Undervalued.
Can you provide the profitability details for COPA HOLDINGS SA-CLASS A?
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 7.4 and the Price/Book (PB) ratio is 1.83.
Can you provide the financial health for CPA stock?
The financial health rating of COPA HOLDINGS SA-CLASS A (CPA) is 7 / 10.