COPA HOLDINGS SA-CLASS A (CPA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CPA - PAP310761054 - Common Stock
115.76 USD
+2.65 (+2.34%)
115.76 USD
0 (0%)
Taking everything into account, CPA scores 7 out of 10 in our fundamental rating. CPA was compared to 22 industry peers in the Passenger Airlines industry. CPA gets an excellent profitability rating and is at the same time showing great financial health properties. CPA may be a bit undervalued, certainly considering the very reasonable score on growth This makes CPA very considerable 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.
In the past 5 years CPA always reported a positive cash flow from operatings.
1.2 Ratios
CPA has a better Return On Assets (10.62%) than 95.24% of its industry peers.
The Return On Equity of CPA (24.90%) is better than 90.48% of its industry peers.
Looking at the Return On Invested Capital, with a value of 14.13%, CPA belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
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 13.75%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.62% | ||
| ROE | 24.9% | ||
| ROIC | 14.13% |
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
Looking at the Profit Margin, with a value of 18.34%, CPA belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Profit Margin of CPA has grown nicely.
Looking at the Operating Margin, with a value of 22.10%, 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.
With a decent Gross Margin value of 62.33%, 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 | 22.1% | ||
| PM (TTM) | 18.34% | ||
| GM | 62.33% |
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.
CPA has a worse debt/assets ratio than last year.
2.2 Solvency
CPA has an Altman-Z score of 2.44. 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.
With an excellent Altman-Z score value of 2.44, CPA belongs to the best of the industry, outperforming 90.48% of the companies in the same industry.
The Debt to FCF ratio of CPA is 3.39, which is a good value as it means it would take CPA, 3.39 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 3.39, CPA belongs to the best of the industry, outperforming 95.24% 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 80.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 3.39 | ||
| Altman-Z | 2.44 |
ROIC/WACC1.72
WACC8.21%
2.3 Liquidity
A Current Ratio of 1.04 indicates that CPA should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.04, CPA belongs to the top of the industry, outperforming 95.24% of the companies in the same industry.
A Quick Ratio of 0.93 indicates that CPA may have some problems paying its short term obligations.
CPA's Quick ratio of 0.93 is amongst the best of the industry. CPA outperforms 90.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.93 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.91% over the past year.
CPA shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.92% yearly.
Looking at the last year, CPA shows a decrease in Revenue. The Revenue has decreased by -0.31% in the last year.
Measured over the past years, CPA shows a small growth in Revenue. The Revenue has been growing by 4.94% on average per year.
EPS 1Y (TTM)6.91%
EPS 3Y492.5%
EPS 5Y12.92%
EPS Q2Q%20%
Revenue 1Y (TTM)-0.31%
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 11.50% yearly.
The Revenue is expected to grow by 7.22% on average over the next years.
EPS Next Y13.86%
EPS Next 2Y12.48%
EPS Next 3Y11.5%
EPS Next 5YN/A
Revenue Next Year5.03%
Revenue Next 2Y7.07%
Revenue Next 3Y7.22%
Revenue Next 5YN/A
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.
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
Based on the Price/Earnings ratio of 7.20, the valuation of CPA can be described as very cheap.
95.24% 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 25.45, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 6.28, the valuation of CPA can be described as very cheap.
CPA's Price/Forward Earnings ratio is rather cheap when compared to the industry. CPA is cheaper than 95.24% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 34.46. CPA is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.2 | ||
| Fwd PE | 6.28 |
4.2 Price Multiples
CPA's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CPA is cheaper than 80.95% of the companies in the same industry.
CPA's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CPA is cheaper than 90.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.86 | ||
| EV/EBITDA | 4.5 |
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.
CPA has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.52
PEG (5Y)0.56
EPS Next 2Y12.48%
EPS Next 3Y11.5%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.69%, CPA is a good candidate for dividend investing.
CPA's Dividend Yield is rather good when compared to the industry average which is at 3.12. CPA pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, CPA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.69% |
5.2 History
The dividend of CPA is nicely growing with an annual growth rate of 17.30%!
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)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 2Y12.48%
EPS Next 3Y11.5%
115.76
+2.65 (+2.34%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners100.71%
Inst Owner Change-2.34%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.76B
Revenue(TTM)3.45B
Net Income(TTM)637.47M
Analysts83.33
Price Target162.4 (40.29%)
Short Float %5.36%
Short Ratio7.6
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.69% |
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)6.84%
Min EPS beat(2)6.41%
Max EPS beat(2)7.28%
EPS beat(4)3
Avg EPS beat(4)4.27%
Min EPS beat(4)-1.23%
Max EPS beat(4)7.28%
EPS beat(8)7
Avg EPS beat(8)8.38%
EPS beat(12)11
Avg EPS beat(12)9.56%
EPS beat(16)15
Avg EPS beat(16)40.44%
Revenue beat(2)1
Avg Revenue beat(2)-0.41%
Min Revenue beat(2)-1.05%
Max Revenue beat(2)0.22%
Revenue beat(4)1
Avg Revenue beat(4)-0.92%
Min Revenue beat(4)-1.82%
Max Revenue beat(4)0.22%
Revenue beat(8)3
Avg Revenue beat(8)-0.5%
Revenue beat(12)5
Avg Revenue beat(12)-0.38%
Revenue beat(16)9
Avg Revenue beat(16)0.64%
PT rev (1m)1.07%
PT rev (3m)1.27%
EPS NQ rev (1m)-0.82%
EPS NQ rev (3m)-0.36%
EPS NY rev (1m)-0.22%
EPS NY rev (3m)-0.25%
Revenue NQ rev (1m)0.17%
Revenue NQ rev (3m)-0.1%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)0.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.2 | ||
| Fwd PE | 6.28 | ||
| P/S | 1.37 | ||
| P/FCF | 7.86 | ||
| P/OCF | 4.71 | ||
| P/B | 1.86 | ||
| P/tB | 1.93 | ||
| EV/EBITDA | 4.5 |
EPS(TTM)16.08
EY13.89%
EPS(NY)18.42
Fwd EY15.91%
FCF(TTM)14.72
FCFY12.72%
OCF(TTM)24.56
OCFY21.22%
SpS84.49
BVpS62.24
TBVpS59.84
PEG (NY)0.52
PEG (5Y)0.56
Graham Number150.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.62% | ||
| ROE | 24.9% | ||
| ROCE | 16.6% | ||
| ROIC | 14.13% | ||
| ROICexc | 18.03% | ||
| ROICexgc | 18.54% | ||
| OM | 22.1% | ||
| PM (TTM) | 18.34% | ||
| GM | 62.33% | ||
| FCFM | 17.42% |
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-Score5
Asset Turnover0.58
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 3.39 | ||
| Debt/EBITDA | 1.61 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 91.97% | ||
| Profit Quality | 94.99% | ||
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.93 | ||
| Altman-Z | 2.44 |
F-Score5
WACC8.21%
ROIC/WACC1.72
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 Y13.86%
EPS Next 2Y12.48%
EPS Next 3Y11.5%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.31%
Revenue growth 3Y31.66%
Revenue growth 5Y4.94%
Sales Q2Q%6.84%
Revenue Next Year5.03%
Revenue Next 2Y7.07%
Revenue Next 3Y7.22%
Revenue Next 5YN/A
EBIT growth 1Y-3.39%
EBIT growth 3Y72.54%
EBIT growth 5Y11.57%
EBIT Next Year59.76%
EBIT Next 3Y23.94%
EBIT Next 5YN/A
FCF growth 1Y-28.84%
FCF growth 3Y5.63%
FCF growth 5Y-13.35%
OCF growth 1Y18.74%
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 7.2 and the Price/Book (PB) ratio is 1.86.
Can you provide the financial health for CPA stock?
The financial health rating of COPA HOLDINGS SA-CLASS A (CPA) is 7 / 10.