(AENA) Aena - Overview
Sector: Industrials | Industry: Airports & Air Services | Exchange: MC (Spain) | Market Cap: 40.110m EUR | Total Return: 40.4% in 12m
Airport Operations, Retail, Real Estate, Parking
Total Rating 71
Safety 97
Buy Signal 0.89
Airports & Air Services
Industry Rotation: +9.9
Industry Rotation: +9.9
Market Cap:
46.8B
Avg Turnover: 42.1M EUR
Avg Turnover: 42.1M EUR
ATR:
2.07%
Peers RS (IBD): 55.3
Peers RS (IBD): 55.3
Risk 5d forecast
Volatility18.7%
Rel. Tail Risk-3.17%
Reward TTM
Sharpe Ratio1.39
Alpha23.26
Character TTM
Beta0.255
Beta Downside0.197
Drawdowns 3y
Max DD14.59%
CAGR/Max DD1.75
EPS (Earnings per Share)
EPS CAGR: 141.51%
EPS Trend: 34.9%
EPS Trend: 34.9%
Last SUE: 0.05
Qual. Beats: 0
Qual. Beats: 0
Revenue
Rev. CAGR: 20.53%
Rev. Trend: 80.6%
Rev. Trend: 80.6%
Last SUE: -0.06
Qual. Beats: 0
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Description: AENA Aena
Aena S.M.E., S.A. (AENA) manages airports and related services across multiple countries, including Spain, Brazil, and the UK. The companys business model relies on both aeronautical revenue (e.g., landing fees) and non-aeronautical revenue (e.g., retail, parking, real estate).
AENAs operations are divided into Airports, Real Estate Services, Región de Murcia International Airport, and International segments. Its revenue streams include managing commercial spaces, leasing airport property, and operating various retail and service concessions such as duty-free shops, food and beverage outlets, and car rentals. Airport operators, such as AENA, typically derive a significant portion of their revenue from non-aeronautical activities, which often provide higher margins.
The company also provides financial services like currency exchange and advisory services to other international airports. Understanding AENAs diverse revenue streams and geographical footprint is key to evaluating its financial health and growth prospects. For further insights into AENAs financial performance and valuation, consider exploring ValueRay.
- Air traffic volume directly impacts aeronautical revenue
- Commercial concessions drive significant non-aeronautical income
- Regulatory changes to airport fees affect profitability
- International expansion diversifies revenue streams
- Fuel price fluctuations influence airline demand and costs
Piotroski VR‑10 (Strict)
7.0
| Net Income: 2.14b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -2.69 > 1.0 |
| NWC/Revenue: 25.12% < 20% (prev 10.10%; Δ 15.02% < -1%) |
| CFO/TA 0.14 > 3% & CFO 2.63b > Net Income 2.14b |
| Net Debt (5.24b) to EBITDA (3.68b): 1.42 < 3 |
| Current Ratio: 1.89 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.50b) vs 12m ago -0.14% < -2% |
| Gross Margin: 73.91% > 18% (prev 0.69%; Δ 7.32k% > 0.5%) |
| Asset Turnover: 35.70% > 50% (prev 34.09%; Δ 1.62% > 0%) |
| Interest Coverage Ratio: 11.29 > 6 (EBITDA TTM 3.68b / Interest Expense TTM 255.5m) |
Altman Z''
3.80
| A: 0.09 (Total Current Assets 3.35b - Total Current Liabilities 1.78b) / Total Assets 18.19b |
| B: 0.36 (Retained Earnings 6.46b / Total Assets 18.19b) |
| C: 0.16 (EBIT TTM 2.88b / Avg Total Assets 17.58b) |
| D: 0.93 (Book Value of Equity 8.11b / Total Liabilities 8.74b) |
| Altman-Z'' Score: 3.80 = AA |
Beneish M
-3.04
| DSRI: 0.88 (Receivables 866.1m/906.7m, Revenue 6.28b/5.79b) |
| GMI: 0.94 (GM 73.91% / 69.25%) |
| AQI: 1.18 (AQ_t 0.15 / AQ_t-1 0.13) |
| SGI: 1.08 (Revenue 6.28b / 5.79b) |
| TATA: -0.03 (NI 2.14b - CFO 2.63b) / TA 18.19b) |
| Beneish M-Score: -3.04 (Cap -4..+1) = AA |
What is the price of AENA shares?
As of April 10, 2026, the stock is trading at EUR 27.04 with a total of 867,068 shares traded.
Over the past week, the price has changed by +3.05%, over one month by +7.22%, over three months by +6.96% and over the past year by +40.44%.
Over the past week, the price has changed by +3.05%, over one month by +7.22%, over three months by +6.96% and over the past year by +40.44%.
Is AENA a buy, sell or hold?
Aena has no consensus analysts rating.
What are the forecasts/targets for the AENA price?
| Analysts Target Price | - | - |
Aena (AENA) - Fundamental Data Overview
as of 09 April 2026
Market Cap USD = 46.76b (40.11b EUR * 1.1659 EUR.USD)P/E Trailing = 18.831
P/E Forward = 16.7224
P/S = 6.3621
P/B = 4.2753
P/EG = 0.1382
Revenue TTM = 6.28b EUR
EBIT TTM = 2.88b EUR
EBITDA TTM = 3.68b EUR
Long Term Debt = 4.83b EUR (from longTermDebt, last quarter)
Short Term Debt = 751.7m EUR (from shortTermDebt, last quarter)
Debt = 7.28b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.24b EUR (from netDebt column, last quarter)
Enterprise Value = 44.94b EUR (40.11b + Debt 7.28b - CCE 2.45b)
Interest Coverage Ratio = 11.29 (Ebit TTM 2.88b / Interest Expense TTM 255.5m)
EV/FCF = 28.55x (Enterprise Value 44.94b / FCF TTM 1.57b)
FCF Yield = 3.50% (FCF TTM 1.57b / Enterprise Value 44.94b)
FCF Margin = 25.07% (FCF TTM 1.57b / Revenue TTM 6.28b)
Net Margin = 34.03% (Net Income TTM 2.14b / Revenue TTM 6.28b)
Gross Margin = 73.91% ((Revenue TTM 6.28b - Cost of Revenue TTM 1.64b) / Revenue TTM)
Gross Margin QoQ = 86.65% (prev 66.53%)
Tobins Q-Ratio = 2.47 (Enterprise Value 44.94b / Total Assets 18.19b)
Interest Expense / Debt = 0.77% (Interest Expense 56.2m / Debt 7.28b)
Taxrate = 16.82% (119.9m / 712.6m)
NOPAT = 2.40b (EBIT 2.88b * (1 - 16.82%))
Current Ratio = 1.89 (Total Current Assets 3.35b / Total Current Liabilities 1.78b)
Debt / Equity = 0.79 (Debt 7.28b / totalStockholderEquity, last quarter 9.21b)
Debt / EBITDA = 1.42 (Net Debt 5.24b / EBITDA 3.68b)
Debt / FCF = 3.33 (Net Debt 5.24b / FCF TTM 1.57b)
Total Stockholder Equity = 8.61b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.15% (Net Income 2.14b / Total Assets 18.19b)
RoE = 24.80% (Net Income TTM 2.14b / Total Stockholder Equity 8.61b)
RoCE = 21.44% (EBIT 2.88b / Capital Employed (Equity 8.61b + L.T.Debt 4.83b))
RoIC = 23.21% (NOPAT 2.40b / Invested Capital 10.33b)
WACC = 5.92% (E(40.11b)/V(47.39b) * Re(6.88%) + D(7.28b)/V(47.39b) * Rd(0.77%) * (1-Tc(0.17)))
Discount Rate = 6.88% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 33.33 | Cagr: 0.08%
[DCF] Terminal Value 88.44% ; FCFF base≈1.71b ; Y1≈2.12b ; Y5≈3.61b
[DCF] Fair Price = 66.31 (EV 104.70b - Net Debt 5.24b = Equity 99.46b / Shares 1.50b; r=6.0% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 34.93 | EPS CAGR: 141.5% | SUE: 0.05 | # QB: 0
Revenue Correlation: 80.62 | Revenue CAGR: 20.53% | SUE: -0.06 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.47 | Chg7d=-0.005 | Chg30d=+0.003 | Revisions Net=+1 | Analysts=1
EPS current Year (2026-12-31): EPS=1.55 | Chg7d=-0.004 | Chg30d=-0.003 | Revisions Net=+1 | Growth EPS=+8.0% | Growth Revenue=+7.2%
EPS next Year (2027-12-31): EPS=1.58 | Chg7d=+0.002 | Chg30d=+0.003 | Revisions Net=+2 | Growth EPS=+2.2% | Growth Revenue=+3.7%
[Analyst] Revisions Ratio: +1.00 (1 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 2.6% (Discount Rate 7.9% - Earnings Yield 5.3%)
[Growth] Growth Spread = +5.0% (Analyst 7.6% - Implied 2.6%)