Overview Dividends

(CAAP) Corporacion America Airports - Ratings and Ratios

Exchange: NYSE • Country: Luxembourg • Currency: USD • Type: Common Stock • ISIN: LU1756447840

Airport Concessions, Operations

Airport Services
Market Cap in USD: 4,473m

IPO / Inception: 2018-02-01
Return 12m vs S&P 500: 15.1%

EPS (Earnings per Share)

EPS CAGR: -40.31%
EPS Trend: -8.3%

Last SUE: -1.29
Qual. Beats: 0

Revenue

Rev. CAGR: 22.47%
Rev. Trend: 85.0%

Last SUE: 0.36
Qual. Beats: 0

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	35.9%
Value at Risk 5%th	53.5%
Relative Tail Risk	-9.37%

Reward TTM
Sharpe Ratio	0.93
Alpha	21.13
CAGR/Max DD	1.65

Character TTM
Hurst Exponent	0.497
Beta	0.877
Beta Downside	0.714

Drawdowns 3y
Max DD	26.63%
Mean DD	7.02%
Median DD	5.64%

Description: CAAP Corporacion America Airports November 08, 2025

Corporación América Airports S.A. (NYSE: CAAP) is a Luxembourg-based holding that, through its subsidiaries, acquires, develops, and operates airport concessions. It currently manages a portfolio of 52 airports spanning Latin America, Europe, and Eurasia. The firm was incorporated in 1998, originally under the name A.C.I. Airports International S.à r.l., and rebranded to its current name in September 2017. It is a direct subsidiary of A.C.I. Airports S.à r.l.

Key operational metrics that analysts typically track include total passenger traffic (≈ 115 million in FY 2023, up ~7 % YoY) and EBITDA margins (around 38 % for the same period), reflecting the high-leverage nature of concession contracts. Revenue growth is closely tied to macro-driven airline traffic recovery post-COVID-19 and regional tourism trends, especially in Latin America where GDP growth averaged 2.5 % in 2023. A material risk factor is foreign-exchange exposure, as most concession revenues are in local currencies while debt is denominated in euros and dollars.

For a deeper, data-driven dive into CAAP’s valuation assumptions and scenario analysis, you might find the research tools on ValueRay worth exploring.

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income (182.9m TTM) > 0 and > 6% of Revenue (6% = 115.5m TTM)

FCFTA 0.08 (>2.0%) and ΔFCFTA -0.93pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 16.67% (prev 11.30%; Δ 5.38pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.09 (>3.0%) and CFO 370.0m > Net Income 182.9m (YES >=105%, WARN >=100%)

Net Debt (589.9m) to EBITDA (610.6m) ratio: 0.97 <= 3.0 (WARN <= 3.5)

Current Ratio 1.53 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (161.9m) change vs 12m ago -0.70% (target <= -2.0% for YES)

Gross Margin 34.63% (prev 32.87%; Δ 1.76pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 44.72% (prev 38.84%; Δ 5.88pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 3.81 (EBITDA TTM 610.6m / Interest Expense TTM 102.3m) >= 6 (WARN >= 3)

Altman Z'' 2.21

(A) 0.07 = (Total Current Assets 922.7m - Total Current Liabilities 601.7m) / Total Assets 4.29b

(B) 0.20 = Retained Earnings (Balance) 856.3m / Total Assets 4.29b

(D) 0.44 = Book Value of Equity 1.23b / Total Liabilities 2.79b

Total Rating: 2.21 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 75.20

1. Piotroski 6.50pt

2. FCF Yield 7.15%

3. FCF Margin 18.36%

4. Debt/Equity 0.78

5. Debt/Ebitda 0.97

6. ROIC - WACC (= 3.59)%

7. RoE 12.78%

8. Rev. Trend 85.04%

9. EPS Trend -8.26%

What is the price of CAAP shares?

As of January 07, 2026, the stock is trading at USD 26.76 with a total of 113,197 shares traded.
Over the past week, the price has changed by +1.94%, over one month by +4.69%, over three months by +52.13% and over the past year by +35.29%.

Is CAAP a buy, sell or hold?

Corporacion America Airports has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy CAAP.

Strong Buy: 3
Buy: 2
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the CAAP price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	26.4	-1.4%
Analysts Target Price	26.4	-1.4%
ValueRay Target Price	36.9	37.7%

CAAP Fundamental Data Overview January 07, 2026

Market Cap USD = 4.47b (4.47b USD * 1.0 USD.USD)
P/E Trailing = 25.156
P/E Forward = 4.8876
P/S = 2.3881
P/B = 2.998
Beta = 0.766
Revenue TTM = 1.93b USD
EBIT TTM = 389.7m USD
EBITDA TTM = 610.6m USD
Long Term Debt = 1.02b USD (from longTermDebt, last quarter)
Short Term Debt = 106.0m USD (from shortTermDebt, last quarter)
Debt = 1.13b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 589.9m USD (from netDebt column, last quarter)
Enterprise Value = 4.94b USD (4.47b + Debt 1.13b - CCE 661.0m)
Interest Coverage Ratio = 3.81 (Ebit TTM 389.7m / Interest Expense TTM 102.3m)
FCF Yield = 7.15% (FCF TTM 353.5m / Enterprise Value 4.94b)
FCF Margin = 18.36% (FCF TTM 353.5m / Revenue TTM 1.93b)
Net Margin = 9.50% (Net Income TTM 182.9m / Revenue TTM 1.93b)
Gross Margin = 34.63% ((Revenue TTM 1.93b - Cost of Revenue TTM 1.26b) / Revenue TTM)
Gross Margin QoQ = 37.40% (prev 34.80%)
Tobins Q-Ratio = 1.15 (Enterprise Value 4.94b / Total Assets 4.29b)
Interest Expense / Debt = 2.05% (Interest Expense 23.2m / Debt 1.13b)
Taxrate = 25.62% (20.2m / 79.0m)
NOPAT = 289.8m (EBIT 389.7m * (1 - 25.62%))
Current Ratio = 1.53 (Total Current Assets 922.7m / Total Current Liabilities 601.7m)
Debt / Equity = 0.78 (Debt 1.13b / totalStockholderEquity, last quarter 1.45b)
Debt / EBITDA = 0.97 (Net Debt 589.9m / EBITDA 610.6m)
Debt / FCF = 1.67 (Net Debt 589.9m / FCF TTM 353.5m)
Total Stockholder Equity = 1.43b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.26% (Net Income 182.9m / Total Assets 4.29b)
RoE = 12.78% (Net Income TTM 182.9m / Total Stockholder Equity 1.43b)
RoCE = 15.91% (EBIT 389.7m / Capital Employed (Equity 1.43b + L.T.Debt 1.02b))
RoIC = 11.28% (NOPAT 289.8m / Invested Capital 2.57b)
WACC = 7.69% (E(4.47b)/V(5.60b) * Re(9.25%) + D(1.13b)/V(5.60b) * Rd(2.05%) * (1-Tc(0.26)))
Discount Rate = 9.25% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.29%
[DCF Debug] Terminal Value 77.58% ; FCFE base≈370.2m ; Y1≈455.4m ; Y5≈771.7m
Fair Price DCF = 64.58 (DCF Value 10.53b / Shares Outstanding 163.1m; 5y FCF grow 24.61% → 3.0% )
EPS Correlation: -8.26 | EPS CAGR: -40.31% | SUE: -1.29 | # QB: 0
Revenue Correlation: 85.04 | Revenue CAGR: 22.47% | SUE: 0.36 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.59 | Chg30d=-0.190 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=2.04 | Chg30d=-0.253 | Revisions Net=-1 | Growth EPS=+35.3% | Growth Revenue=+11.7%

Additional Sources for CAAP Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle