COPA HOLDINGS SA-CLASS A (CPA) Stock Fundamental Analysis
USA - NYSE:CPA - PAP310761054 - Common Stock
124.8 USD
-0.27 (-0.22%)
124.8 USD
0 (0%)
We assign a fundamental rating of 7 out of 10 to CPA. CPA was compared to 21 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. A decent growth rate in combination with a cheap valuation! Better keep an eye on CPA. This makes CPA very considerable for value investing!
1. Profitability
1.1 Basic Checks
In the past year CPA was profitable.
CPA had a positive operating cash flow in the past year.
Of the past 5 years CPA 4 years were profitable.
CPA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CPA has a Return On Assets of 10.62%. This is amongst the best in the industry. CPA outperforms 95.24% of its industry peers.
With an excellent Return On Equity value of 24.90%, CPA belongs to the best of the industry, outperforming 90.48% of the companies in the same industry.
CPA has a better Return On Invested Capital (14.13%) than 85.71% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CPA is in line with the industry average of 14.46%.
| 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
With an excellent Profit Margin value of 18.34%, 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 Profit Margin of CPA has grown nicely.
With an excellent Operating Margin value of 22.10%, 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.
CPA's Gross Margin of 62.33% is fine compared to the rest of the industry. CPA outperforms 66.67% of its industry peers.
CPA's Gross Margin has been stable in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CPA is creating some value.
Compared to 1 year ago, CPA has less shares outstanding
Compared to 5 years ago, CPA has less shares outstanding
Compared to 1 year ago, CPA has a worse debt to assets ratio.
2.2 Solvency
CPA has an Altman-Z score of 2.52. 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 Altman-Z score of 2.52. This is amongst the best in the industry. CPA outperforms 90.48% of its industry peers.
CPA has a debt to FCF ratio of 3.39. This is a good value and a sign of high solvency as CPA would need 3.39 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.39, CPA belongs to the top 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.
CPA has a better Debt to Equity ratio (0.69) than 76.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 3.39 | ||
| Altman-Z | 2.52 |
ROIC/WACC1.65
WACC8.59%
2.3 Liquidity
A Current Ratio of 1.04 indicates that CPA should not have too much problems paying its short term obligations.
CPA's Current ratio of 1.04 is amongst the best of the industry. CPA outperforms 90.48% of its industry peers.
CPA has a Quick Ratio of 1.04. 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 0.93. This is amongst the best in 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
CPA shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.45%.
CPA shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.92% yearly.
CPA shows a decrease in Revenue. In the last year, the revenue decreased by -0.52%.
CPA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.94% yearly.
EPS 1Y (TTM)-3.45%
EPS 3Y492.5%
EPS 5Y12.92%
EPS Q2Q%25.35%
Revenue 1Y (TTM)-0.52%
Revenue growth 3Y31.66%
Revenue growth 5Y4.94%
Sales Q2Q%2.83%
3.2 Future
The Earnings Per Share is expected to grow by 11.55% on average over the next years. This is quite good.
Based on estimates for the next years, CPA will show a small growth in Revenue. The Revenue will grow by 7.19% on average per year.
EPS Next Y14.11%
EPS Next 2Y12.39%
EPS Next 3Y11.55%
EPS Next 5YN/A
Revenue Next Year5%
Revenue Next 2Y7%
Revenue Next 3Y7.19%
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
CPA is valuated reasonably with a Price/Earnings ratio of 8.11.
95.24% of the companies in the same industry are more expensive than CPA, based on the Price/Earnings ratio.
CPA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.40.
The Price/Forward Earnings ratio is 6.79, which indicates a rather cheap valuation of CPA.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CPA indicates a rather cheap valuation: CPA is cheaper than 90.48% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of CPA to the average of the S&P500 Index (22.94), we can say CPA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.11 | ||
| Fwd PE | 6.79 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CPA indicates a somewhat cheap valuation: CPA is cheaper than 61.90% of the companies listed in the same industry.
85.71% of the companies in the same industry are more expensive than CPA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.48 | ||
| EV/EBITDA | 4.93 |
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.
PEG (NY)0.57
PEG (5Y)0.63
EPS Next 2Y12.39%
EPS Next 3Y11.55%
5. Dividend
5.1 Amount
CPA has a Yearly Dividend Yield of 5.15%, which is a nice return.
CPA's Dividend Yield is rather good when compared to the industry average which is at 2.66. CPA pays more dividend than 100.00% of the companies in the same industry.
CPA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.15% |
5.2 History
On average, the dividend of CPA grows each year by 17.30%, which is quite nice.
CPA has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of CPA decreased 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 2Y12.39%
EPS Next 3Y11.55%
124.8
-0.27 (-0.22%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners100.71%
Inst Owner Change-0.25%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap5.13B
Analysts83.33
Price Target159.67 (27.94%)
Short Float %5.47%
Short Ratio5.51
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.15% |
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)6.57%
Min EPS beat(2)6.41%
Max EPS beat(2)6.74%
EPS beat(4)3
Avg EPS beat(4)4.13%
Min EPS beat(4)-1.23%
Max EPS beat(4)6.74%
EPS beat(8)7
Avg EPS beat(8)8.32%
EPS beat(12)11
Avg EPS beat(12)9.51%
EPS beat(16)15
Avg EPS beat(16)40.4%
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)0%
PT rev (3m)0.3%
EPS NQ rev (1m)0.2%
EPS NQ rev (3m)-2.9%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)-0.03%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)0.57%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.11 | ||
| Fwd PE | 6.79 | ||
| P/S | 1.48 | ||
| P/FCF | 8.48 | ||
| P/OCF | 5.08 | ||
| P/B | 2 | ||
| P/tB | 2.09 | ||
| EV/EBITDA | 4.93 |
EPS(TTM)15.38
EY12.32%
EPS(NY)18.39
Fwd EY14.74%
FCF(TTM)14.72
FCFY11.8%
OCF(TTM)24.56
OCFY19.68%
SpS84.49
BVpS62.24
TBVpS59.84
PEG (NY)0.57
PEG (5Y)0.63
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
ROICexcg growth 3Y42.26%
ROICexcg 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 | 2.52 |
F-Score5
WACC8.59%
ROIC/WACC1.65
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)-3.45%
EPS 3Y492.5%
EPS 5Y12.92%
EPS Q2Q%25.35%
EPS Next Y14.11%
EPS Next 2Y12.39%
EPS Next 3Y11.55%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.52%
Revenue growth 3Y31.66%
Revenue growth 5Y4.94%
Sales Q2Q%2.83%
Revenue Next Year5%
Revenue Next 2Y7%
Revenue Next 3Y7.19%
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%