(CAAP) Corporacion America Airports - Overview
Sector: Industrials | Industry: Airports & Air Services | Exchange: NYSE (USA) | Market Cap: 4.074m USD | Total Return: 28.5% in 12m
Avg Turnover: 5.19M
EPS Trend: -8.3%
Qual. Beats: 0
Rev. Trend: 96.4%
Qual. Beats: 2
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Corporación América Airports S.A. (CAAP) is a leading private global airport operator managing 52 concessions across Latin America, Europe, and Eurasia. Founded in 1998 and headquartered in Luxembourg, the company specializes in the acquisition, development, and operational management of airport infrastructure under long-term contract agreements with national and regional governments.
The airport services sector operates on a concession-based business model where companies generate revenue through aeronautical fees charged to airlines and non-aeronautical streams such as retail, parking, and real estate. This industry is characterized by high barriers to entry and regional monopolies, as airport infrastructure requires significant capital expenditure and complex regulatory approvals.
Investors can evaluate the long-term growth potential and debt structures of these concessions by reviewing the detailed financial breakdowns available on ValueRay.
- Argentine economic instability and currency devaluation impact core aeronautical revenue streams
- Passenger traffic recovery in international markets drives higher duty-free commercial margins
- Regulatory changes to airport concession agreements influence long-term capital expenditure requirements
- Inflationary pressures in Latin American markets increase operational and labor maintenance costs
| Net Income: 289.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 2.57 > 1.0 |
| NWC/Revenue: 14.30% < 20% (prev 11.91%; Δ 2.39% < -1%) |
| CFO/TA 0.10 > 3% & CFO 487.3m > Net Income 289.2m |
| Net Debt (330.0m) to EBITDA (729.2m): 0.45 < 3 |
| Current Ratio: 1.40 > 1.5 & < 3 |
| Outstanding Shares: last quarter (163.9m) vs 12m ago 0.53% < -2% |
| Gross Margin: 35.60% > 18% (prev 0.32%; Δ 3.53k% > 0.5%) |
| Asset Turnover: 46.37% > 50% (prev 41.96%; Δ 4.40% > 0%) |
| Interest Coverage Ratio: 5.26 > 6 (EBITDA TTM 729.2m / Interest Expense TTM 93.9m) |
| A: 0.06 (Total Current Assets 1.05b - Total Current Liabilities 748.2m) / Total Assets 4.79b |
| B: 0.22 (Retained Earnings 1.04b / Total Assets 4.79b) |
| C: 0.11 (EBIT TTM 494.4m / Avg Total Assets 4.54b) |
| D: 0.55 (Book Value of Equity 1.59b / Total Liabilities 2.91b) |
| Altman-Z'' = 2.43 = A |
| DSRI: 0.98 (Receivables 259.1m/226.7m, Revenue 2.10b/1.80b) |
| GMI: 0.89 (GM 35.60% / 31.82%) |
| AQI: 0.95 (AQ_t 0.76 / AQ_t-1 0.80) |
| SGI: 1.17 (Revenue 2.10b / 1.80b) |
| TATA: -0.04 (NI 289.2m - CFO 487.3m) / TA 4.79b) |
| Beneish M = -3.09 (Cap -4..+1) = AA |
As of May 30, 2026, the stock is trading at USD 26.60 with a total of 230,833 shares traded.
Over the past week, the price has changed by +5.26%,
over one month by +8.93%,
over three months by -6.67% and
over the past year by +28.50%.
Corporacion America Airports has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy CAAP.
- StrongBuy: 3
- Buy: 2
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 32 | 20.3% |
P/E Trailing = 14.3448
P/E Forward = 4.8876
P/S = 2.0763
P/B = 2.2573
Revenue TTM = 2.10b USD
EBIT TTM = 494.4m USD
EBITDA TTM = 729.2m USD
Long Term Debt = 936.9m USD (from longTermDebt, last quarter)
Short Term Debt = 151.9m USD (from shortTermDebt, last quarter)
Debt = 1.10b USD (from shortLongTermDebtTotal, last quarter) + Leases 8.52m
Net Debt = 330.0m USD (calculated: Debt 1.10b - CCE 772.4m)
Enterprise Value = 4.40b USD (4.07b + Debt 1.10b - CCE 772.4m)
Interest Coverage Ratio = 5.26 (Ebit TTM 494.4m / Interest Expense TTM 93.9m)
EV/FCF = 9.41x (Enterprise Value 4.40b / FCF TTM 468.0m)
FCF Yield = 10.63% (FCF TTM 468.0m / Enterprise Value 4.40b)
FCF Margin = 22.24% (FCF TTM 468.0m / Revenue TTM 2.10b)
Net Margin = 13.74% (Net Income TTM 289.2m / Revenue TTM 2.10b)
Gross Margin = 35.60% ((Revenue TTM 2.10b - Cost of Revenue TTM 1.36b) / Revenue TTM)
Gross Margin QoQ = 36.93% (prev 33.31%)
Tobins Q-Ratio = 0.92 (Enterprise Value 4.40b / Total Assets 4.79b)
Interest Expense / Debt = 8.52% (Interest Expense 93.9m / Debt 1.10b)
Taxrate = 37.30% (47.9m / 128.3m)
NOPAT = 310.0m (EBIT 494.4m * (1 - 37.30%))
Current Ratio = 1.40 (Total Current Assets 1.05b / Total Current Liabilities 748.2m)
Debt / Equity = 0.61 (Debt 1.10b / totalStockholderEquity, last quarter 1.80b)
Debt / EBITDA = 0.45 (Net Debt 330.0m / EBITDA 729.2m)
Debt / FCF = 0.71 (Net Debt 330.0m / FCF TTM 468.0m)
Total Stockholder Equity = 1.58b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.37% (Net Income 289.2m / Total Assets 4.79b)
RoE = 18.34% (Net Income TTM 289.2m / Total Stockholder Equity 1.58b)
RoCE = 19.67% (EBIT 494.4m / Capital Employed (Equity 1.58b + L.T.Debt 936.9m))
RoIC = 9.06% (NOPAT 310.0m / Invested Capital 3.42b)
WACC = 9.09% (E(4.07b)/V(5.18b) * Re(10.11%) + D(1.10b)/V(5.18b) * Rd(8.52%) * (1-Tc(0.37)))
Discount Rate = 10.11% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 51.47 | Cagr: 0.82%
[DCF] Terminal Value 75.60% ; FCFF base≈404.4m ; Y1≈463.5m ; Y5≈682.2m
[DCF] Fair Price = 53.59 (EV 9.08b - Net Debt 330.0m = Equity 8.75b / Shares 163.2m; r=9.09% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -8.25 | EPS CAGR: -3.46% | SUE: -0.04 | # QB: 0
Revenue Correlation: 96.44 | Revenue CAGR: 10.10% | SUE: 1.19 | # QB: 2
EPS current Quarter (2026-06-30): EPS=0.52 | Chg30d=-25.13% | Revisions=N/A | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.58 | Chg30d=-22.08% | Revisions=N/A | Analysts=2
EPS current Year (2026-12-31): EPS=1.96 | Chg30d=-12.23% | Revisions=-20% | GrowthEPS=+27.8% | GrowthRev=+4.9%
EPS next Year (2027-12-31): EPS=2.25 | Chg30d=-14.83% | Revisions=-43% | GrowthEPS=+15.2% | GrowthRev=+6.1%
[Analyst] Revisions Ratio: -43%