Overview Dividends

(CPA) Copa Holdings - Ratings and Ratios

Exchange: NYSE • Country: Panama • Currency: USD • Type: Common Stock • ISIN: PAP310761054

Passenger Flights, Cargo Flights

CPA EPS (Earnings per Share)

EPS Growth (3Y CAGR): -59.80%
EPS Trend (3Y Correlation): -53.6%

CPA Revenue

Revenue Growth (3Y CAGR): 1.47%
Revenue Trend (3Y Correlation): 20.8%

Description: CPA Copa Holdings July 28, 2025

Copa Holdings SA (NYSE:CPA) is a leading airline passenger and cargo transport services provider, operating a fleet of 112 aircraft as of December 31, 2024. With a rich history dating back to 1947, the company is headquartered in Panama City, Panama.

From a financial perspective, Copa Holdings SA has a market capitalization of $4.54 billion, indicating a significant presence in the industry. Its price-to-earnings ratio (P/E) is 7.54, suggesting a relatively low valuation compared to its earnings. The forward P/E ratio is 7.02, indicating a slight decrease in expected earnings growth. The return on equity (RoE) is 25.91%, demonstrating a strong ability to generate profits from shareholder equity.

To further analyze Copa Holdings SA, we can examine additional key performance indicators (KPIs). The companys revenue growth rate, debt-to-equity ratio, and operating margin can provide valuable insights into its financial health and operational efficiency. For instance, a high operating margin would indicate Copa Holdings SAs ability to maintain a competitive edge in the industry. Additionally, metrics such as available seat miles (ASM) and revenue passenger kilometers (RPK) can help assess the companys capacity utilization and demand for its services.

Furthermore, Copa Holdings SAs competitive position can be evaluated by analyzing its market share, route network, and loyalty program. The companys hub in Panama City, Panama, serves as a strategic location for connecting flights between North and South America. Its fleet composition and average aircraft age can also impact its operational efficiency and maintenance costs.

CPA Stock Overview

Market Cap in USD	5,137m
Sub-Industry	Passenger Airlines
IPO / Inception	2005-12-15

CPA Stock Ratings

Growth Rating	87.7%
Fundamental	73.8%
Dividend Rating	81.4%
Return 12m vs S&P 500	14.3%
Analyst Rating	4.53 of 5

CPA Dividends

Dividend Yield 12m	5.14%
Yield on Cost 5y	15.63%
Annual Growth 5y	68.44%
Payout Consistency	73.7%
Payout Ratio	41.9%

CPA Growth Ratios

Growth Correlation 3m	87.7%
Growth Correlation 12m	86.6%
Growth Correlation 5y	81%
CAGR 5y	23.93%
CAGR/Max DD 3y (Calmar Ratio)	0.72
CAGR/Mean DD 3y (Pain Ratio)	2.11
Sharpe Ratio 12m	0.60
Alpha	14.28
Beta	1.282
Volatility	28.23%
Current Volume	92.8k
Average Volume 20d	152.6k
Stop Loss	121.4 (-3%)
Signal	0.18

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income (637.9m TTM) > 0 and > 6% of Revenue (6% = 208.5m TTM)

FCFTA 0.10 (>2.0%) and ΔFCFTA 4.40pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 1.42% (prev -0.95%; Δ 2.36pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.17 (>3.0%) and CFO 1.01b > Net Income 637.9m (YES >=105%, WARN >=100%)

Net Debt (1.82b) to EBITDA (1.08b) ratio: 1.69 <= 3.0 (WARN <= 3.5)

Current Ratio 1.04 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (41.2m) change vs 12m ago -1.12% (target <= -2.0% for YES)

Gross Margin 36.21% (prev 34.12%; Δ 2.09pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 61.01% (prev 64.87%; Δ -3.87pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 8.04 (EBITDA TTM 1.08b / Interest Expense TTM 91.5m) >= 6 (WARN >= 3)

Altman Z'' 3.16

(A) 0.01 = (Total Current Assets 1.42b - Total Current Liabilities 1.37b) / Total Assets 6.00b

(B) 0.44 = Retained Earnings (Balance) 2.63b / Total Assets 6.00b

(D) 0.77 = Book Value of Equity 2.64b / Total Liabilities 3.44b

Total Rating: 3.16 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 73.84

1. Piotroski 6.50pt = 1.50

2. FCF Yield 9.58% = 4.79

3. FCF Margin 17.06% = 4.26

4. Debt/Equity 0.80 = 2.19

5. Debt/Ebitda 1.69 = 0.61

6. ROIC - WACC (= 7.54)% = 9.43

7. RoE 26.22% = 2.19

8. Rev. Trend 20.80% = 1.56

9. EPS Trend -53.65% = -2.68

What is the price of CPA shares?

As of November 03, 2025, the stock is trading at USD 125.21 with a total of 92,783 shares traded.
Over the past week, the price has changed by -0.10%, over one month by +4.39%, over three months by +15.21% and over the past year by +38.42%.

Is Copa Holdings a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Copa Holdings (NYSE:CPA) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 73.84 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CPA is around 147.58 USD . This means that CPA is currently undervalued and has a potential upside of +17.87% (Margin of Safety).

Is CPA a buy, sell or hold?

Copa Holdings has received a consensus analysts rating of 4.53. Therefore, it is recommended to buy CPA.

Strong Buy: 9
Buy: 5
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the CPA price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	154.2	23.2%
Analysts Target Price	154.2	23.2%
ValueRay Target Price	163.7	30.8%

CPA Fundamental Data Overview October 22, 2025

Market Cap USD = 5.14b (5.14b USD * 1.0 USD.USD)
P/E Trailing = 8.2778
P/E Forward = 6.5789
P/S = 1.4783
P/B = 1.9271
P/EG = 0.16
Beta = 1.282
Revenue TTM = 3.48b USD
EBIT TTM = 736.0m USD
EBITDA TTM = 1.08b USD
Long Term Debt = 1.50b USD (from longTermDebt, last quarter)
Short Term Debt = 282.0m USD (from shortTermDebt, last quarter)
Debt = 2.05b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.82b USD (from netDebt column, last quarter)
Enterprise Value = 6.19b USD (5.14b + Debt 2.05b - CCE 1.00b)
Interest Coverage Ratio = 8.04 (Ebit TTM 736.0m / Interest Expense TTM 91.5m)
FCF Yield = 9.58% (FCF TTM 592.7m / Enterprise Value 6.19b)
FCF Margin = 17.06% (FCF TTM 592.7m / Revenue TTM 3.48b)
Net Margin = 18.36% (Net Income TTM 637.9m / Revenue TTM 3.48b)
Gross Margin = 36.21% ((Revenue TTM 3.48b - Cost of Revenue TTM 2.22b) / Revenue TTM)
Gross Margin QoQ = 34.63% (prev 37.05%)
Tobins Q-Ratio = 1.03 (Enterprise Value 6.19b / Total Assets 6.00b)
Interest Expense / Debt = 1.14% (Interest Expense 23.3m / Debt 2.05b)
Taxrate = 14.50% (25.3m / 174.2m)
NOPAT = 629.3m (EBIT 736.0m * (1 - 14.50%))
Current Ratio = 1.04 (Total Current Assets 1.42b / Total Current Liabilities 1.37b)
Debt / Equity = 0.80 (Debt 2.05b / totalStockholderEquity, last quarter 2.56b)
Debt / EBITDA = 1.69 (Net Debt 1.82b / EBITDA 1.08b)
Debt / FCF = 3.06 (Net Debt 1.82b / FCF TTM 592.7m)
Total Stockholder Equity = 2.43b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.63% (Net Income 637.9m / Total Assets 6.00b)
RoE = 26.22% (Net Income TTM 637.9m / Total Stockholder Equity 2.43b)
RoCE = 18.73% (EBIT 736.0m / Capital Employed (Equity 2.43b + L.T.Debt 1.50b))
RoIC = 15.49% (NOPAT 629.3m / Invested Capital 4.06b)
WACC = 7.95% (E(5.14b)/V(7.19b) * Re(10.74%) + D(2.05b)/V(7.19b) * Rd(1.14%) * (1-Tc(0.14)))
Discount Rate = 10.74% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 1.29%
[DCF Debug] Terminal Value 73.18% ; FCFE base≈473.7m ; Y1≈584.4m ; Y5≈997.1m
Fair Price DCF = 360.5 (DCF Value 10.89b / Shares Outstanding 30.2m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: -53.65 | EPS CAGR: -59.80% | SUE: -4.0 | # QB: 0
Revenue Correlation: 20.80 | Revenue CAGR: 1.47% | SUE: -0.16 | # QB: 0

Additional Sources for CPA Stock

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