CAAP Stock Analysis: Corporacion America Airports | NYSE
Airports & Air Services | NYSE, USA | Market Cap: 4.092m USD | 12M Return: 17.3% | LU1756447840 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 8.05M
EPS Trend: -13.5%
Qual. Beats: -1
Rev. Trend: 85.8%
Qual. Beats: -1
Warnings
No concerns identified
Tailwinds
Seasonality 8.8 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Corporación América Airports S.A. (CAAP) is a Luxembourg-based holding company that acquires, develops, and operates airport concessions through its subsidiaries. The company runs 52 airports across Latin America, Europe, and Eurasia. It was founded in 1998, originally as A.C.I. Airports International S.à r.l., and adopted its current name in September 2017. CAAP is listed on the NYSE (IPO: February 2018) and is classified within the Industrials sector under Airport Services. It operates as a subsidiary of A.C.I. Airports S.à r.l. Revenue in the airport concession model is typically generated through two main streams: aeronautical fees (such as landing, passenger, and parking charges paid by airlines) and non-aeronautical/commercial revenue (including duty-free, food and beverage, parking, and advertising). Concession agreements are generally long-term contracts granted by governments, making regulatory relationships and capital-intensive infrastructure investment central to the business model.
- Argentina peso devaluation pressures dollar-denominated debt servicing costs
- Brazil and Uruguay traffic recovery boosts commercial revenue per passenger
- Florence and Pisa concessions drive European segment margins higher
- Regulatory tariff caps in Argentina limit aeronautical revenue growth
| Net Income: 278.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 1.80 > 1.0 |
| NWC/Revenue: 19.16% < 20% (prev 14.34%; Δ 4.82% < -1%) |
| CFO/TA 0.10 > 3% & CFO 474.6m > Net Income 278.5m |
| Net Debt (238.1m) to EBITDA (699.8m): 0.34 < 3 |
| Current Ratio: 1.51 > 1.5 & < 3 |
| Outstanding Shares: last quarter (163.9m) vs 12m ago 0.53% < -2% |
| Gross Margin: 33.50% > 18% (prev 32.97%; Δ 0.53% > 0.5%) |
| Asset Turnover: 43.56% > 50% (prev 44.26%; Δ -0.70% > 0%) |
| Interest Coverage Ratio: 5.51 > 6 (EBIT TTM 457.8m / Interest Expense TTM 83.0m) |
| A: 0.08 (Total Current Assets 1.14b - Total Current Liabilities 753.9m) / Total Assets 4.87b |
| B: 0.22 (Retained Earnings 1.09b / Total Assets 4.87b) |
| C: 0.10 (EBIT TTM 457.8m / Avg Total Assets 4.60b) |
| D: 0.64 (Book Value of Equity 1.87b / Total Liabilities 2.93b) |
| Altman-Z'' = 2.58 = A |
| DSRI: 1.05 (Receivables 257.9m/235.4m, Revenue 2.00b/1.92b) |
| GMI: 0.98 (GM 32.97% / 33.50%) |
| AQI: 0.95 (AQ_t 0.75 / AQ_t-1 0.78) |
| SGI: 1.04 (Revenue 2.00b / 1.92b) |
| TATA: -0.04 (NI 278.5m - CFO 474.6m) / TA 4.87b) |
| Beneish M = -3.00 (Cap -4..+1) = AA |
As of November 11, 2026, the stock is trading at USD 24.83 with a total of 302,267 shares traded. Over the past week, the price has changed by +4.64%, over one month by +0.28%, over three months by +3.25% and over the past year by +17.28%.
Current recommended Stop Loss: 23.40 (which is 5.8% or 1.6 ATR below the current price).
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 | 32.4 | 30.5% |
P/E Trailing = 13.9944
P/E Forward = 4.8876
P/S = 1.9281
P/B = 2.2213
Revenue TTM = 2.00b USD
EBIT TTM = 457.8m USD
EBITDA TTM = 699.8m USD
Long Term Debt = 955.9m USD (from longTermDebt, last fiscal year)
Short Term Debt = 152.1m USD (from shortTermDebt, last quarter)
Debt = 1.10b USD (from shortLongTermDebtTotal, last quarter) + Leases 8.52m
Net Debt = 238.1m USD (calculated: Debt 1.10b - CCE 860.8m)
Enterprise Value = 4.33b USD (4.09b + Debt 1.10b - CCE 860.8m)
Interest Coverage Ratio = 5.51 (Ebit TTM 457.8m / Interest Expense TTM 83.0m)
EV/FCF = 9.51x (Enterprise Value 4.33b / FCF TTM 455.2m)
FCF Yield = 10.51% (FCF TTM 455.2m / Enterprise Value 4.33b)
FCF Margin = 22.70% (FCF TTM 455.2m / Revenue TTM 2.00b)
Net Margin = 13.89% (Net Income TTM 278.5m / Revenue TTM 2.00b)
Gross Margin = 33.50% ((Revenue TTM 2.00b - Cost of Revenue TTM 1.33b) / Revenue TTM)
Gross Margin QoQ = 23.46% (prev 36.93%)
Tobins Q-Ratio = 0.89 (Enterprise Value 4.33b / Total Assets 4.87b)
Interest Expense / Debt = 7.56% (Interest Expense 83.0m / Debt 1.10b)
Taxrate = 21.19% (79.4m / 374.8m)
NOPAT = 360.8m (EBIT 457.8m * (1 - 21.19%))
Current Ratio = 1.51 (Total Current Assets 1.14b / Total Current Liabilities 753.9m)
Debt / Equity = 0.59 (Debt 1.10b / totalStockholderEquity, last quarter 1.87b)
Debt / EBITDA = 0.34 (Net Debt 238.1m / EBITDA 699.8m)
Debt / FCF = 0.52 (Net Debt 238.1m / FCF TTM 455.2m)
Total Stockholder Equity = 1.68b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.05% (Net Income 278.5m / Total Assets 4.87b)
RoE = 16.62% (Net Income TTM 278.5m / Total Stockholder Equity 1.68b)
RoCE = 17.40% (EBIT 457.8m / Capital Employed (Equity 1.68b + L.T.Debt 955.9m))
RoIC = 8.65% (NOPAT 360.8m / Invested Capital 4.17b)
WACC = 8.13% (E(4.09b)/V(5.19b) * Re(8.71%) + D(1.10b)/V(5.19b) * Rd(7.56%) * (1-Tc(0.21)))
Discount Rate = 8.71% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 70.99 | Cagr: 0.82%
[DCF] Terminal Value 77.97% ; FCFF base≈404.0m ; Y1≈463.2m ; Y5≈681.6m
[DCF] Fair Price = 61.33 (EV 10.3b - Net Debt 238.1m = Equity 10.0b / Shares 163.4m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -13.55 | EPS CAGR: -5.50% | SUE: -1.23 | # QB: -1
Revenue Correlation: 85.79 | Revenue CAGR: 15.97% | SUE: -2.37 | # QB: -1
EPS current Quarter (2026-09-30): EPS=0.57 | Chg30d=+7.29% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=1.92 | Chg30d=+1.04% | Revisions=-40% | GrowthEPS=+25.2% | GrowthRev=+5.5%
EPS next Year (2027-12-31): EPS=2.27 | Chg30d=+0.70% | Revisions=+17% | GrowthEPS=+18.2% | GrowthRev=+9.2%
[Analyst] Revisions Ratio: -22% (up=2, down=4)