Overview Dividends

(CPA) Copa Holdings - Ratings and Ratios

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

Passenger Flights, Cargo Flights, Charter Services

Passenger Airlines
Market Cap in USD: 5,106m

IPO / Inception: 2005-12-15
Return 12m vs S&P 500: 28.7%

EPS (Earnings per Share)

EPS CAGR: 22.21%
EPS Trend: 57.0%

Last SUE: 0.74
Qual. Beats: 0

Revenue

Rev. CAGR: 13.13%
Rev. Trend: 71.0%

Last SUE: -0.19
Qual. Beats: 0

Dividends

Dividend Yield	5.19%
Yield on Cost 5y	10.10%
Yield CAGR 5y	68.44%
Payout Consistency	77.1%
Payout Ratio	40.1%

Risk via 5d forecast
Volatility	29.6%
Value at Risk 5%th	46.4%
Relative Tail Risk	-4.74%

Reward TTM
Sharpe Ratio	1.45
Alpha	37.89
CAGR/Max DD	0.60

Character TTM
Hurst Exponent	0.504
Beta	0.749
Beta Downside	0.624

Drawdowns 3y
Max DD	33.47%
Mean DD	11.36%
Median DD	11.75%

Description: CPA Copa Holdings November 05, 2025

Copa Holdings S.A. (NYSE: CPA) is a Panama-based carrier that operates passenger and cargo services through its subsidiaries. As of 31 December 2024 the group managed a fleet of 112 aircraft, a modest increase from the 107 planes reported at the end of 2023, reflecting its ongoing fleet renewal program focused on fuel-efficient narrow-body jets.

Key operating metrics that analysts watch include a 2023 revenue of roughly US$ 5.3 billion and an average load factor of 78 %, which tracks slightly above the global airline average of 75 % but remains vulnerable to regional tourism cycles. The company’s cost structure is heavily influenced by jet fuel prices (≈ 30 % of operating expenses) and Panama’s strategic position as a hub for connecting traffic between North and South America, a driver that can boost ancillary revenue when inter-continental demand rebounds.

For a deeper quantitative assessment, you may explore the CPA profile on ValueRay, where the latest cash-flow forecasts and sensitivity analyses are publicly available.

Piotroski VR‑10 (Strict, 0-10) 7.5

Net Income (665.2m TTM) > 0 and > 6% of Revenue (6% = 212.0m TTM)

FCFTA 0.05 (>2.0%) and ΔFCFTA 2.66pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 2.20% (prev 3.26%; Δ -1.07pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.17 (>3.0%) and CFO 1.09b > Net Income 665.2m (YES >=105%, WARN >=100%)

Net Debt (1.92b) to EBITDA (1.21b) ratio: 1.59 <= 3.0 (WARN <= 3.5)

Current Ratio 1.06 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (41.1m) change vs 12m ago -1.41% (target <= -2.0% for YES)

Gross Margin 34.95% (prev 32.08%; Δ 2.87pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 59.96% (prev 63.26%; Δ -3.30pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 9.29 (EBITDA TTM 1.21b / Interest Expense TTM 92.4m) >= 6 (WARN >= 3)

Altman Z'' 3.28

(A) 0.01 = (Total Current Assets 1.47b - Total Current Liabilities 1.40b) / Total Assets 6.28b

(B) 0.44 = Retained Earnings (Balance) 2.73b / Total Assets 6.28b

(D) 0.76 = Book Value of Equity 2.75b / Total Liabilities 3.61b

Total Rating: 3.28 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 82.97

1. Piotroski 7.50pt

2. FCF Yield 4.64%

3. FCF Margin 9.23%

4. Debt/Equity 0.81

5. Debt/Ebitda 1.59

6. ROIC - WACC (= 10.90)%

7. RoE 26.39%

8. Rev. Trend 71.01%

9. EPS Trend 56.99%

What is the price of CPA shares?

As of December 22, 2025, the stock is trading at USD 124.12 with a total of 376,361 shares traded.
Over the past week, the price has changed by +4.24%, over one month by +8.66%, over three months by +4.85% and over the past year by +49.01%.

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	156.2	25.8%
Analysts Target Price	156.2	25.8%
ValueRay Target Price	162.9	31.2%

CPA Fundamental Data Overview December 20, 2025

Market Cap USD = 5.11b (5.11b USD * 1.0 USD.USD)
P/E Trailing = 7.7237
P/E Forward = 6.4935
P/S = 1.445
P/B = 1.8495
P/EG = 0.16
Beta = 0.885
Revenue TTM = 3.53b USD
EBIT TTM = 858.8m USD
EBITDA TTM = 1.21b USD
Long Term Debt = 1.63b USD (from longTermDebt, last quarter)
Short Term Debt = 269.3m USD (from shortTermDebt, last quarter)
Debt = 2.17b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.92b USD (from netDebt column, last quarter)
Enterprise Value = 7.03b USD (5.11b + Debt 2.17b - CCE 248.8m)
Interest Coverage Ratio = 9.29 (Ebit TTM 858.8m / Interest Expense TTM 92.4m)
FCF Yield = 4.64% (FCF TTM 326.1m / Enterprise Value 7.03b)
FCF Margin = 9.23% (FCF TTM 326.1m / Revenue TTM 3.53b)
Net Margin = 18.83% (Net Income TTM 665.2m / Revenue TTM 3.53b)
Gross Margin = 34.95% ((Revenue TTM 3.53b - Cost of Revenue TTM 2.30b) / Revenue TTM)
Gross Margin QoQ = 32.89% (prev 30.74%)
Tobins Q-Ratio = 1.12 (Enterprise Value 7.03b / Total Assets 6.28b)
Interest Expense / Debt = 1.12% (Interest Expense 24.4m / Debt 2.17b)
Taxrate = 14.50% (29.4m / 202.7m)
NOPAT = 734.2m (EBIT 858.8m * (1 - 14.50%))
Current Ratio = 1.06 (Total Current Assets 1.47b / Total Current Liabilities 1.40b)
Debt / Equity = 0.81 (Debt 2.17b / totalStockholderEquity, last quarter 2.67b)
Debt / EBITDA = 1.59 (Net Debt 1.92b / EBITDA 1.21b)
Debt / FCF = 5.90 (Net Debt 1.92b / FCF TTM 326.1m)
Total Stockholder Equity = 2.52b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.60% (Net Income 665.2m / Total Assets 6.28b)
RoE = 26.39% (Net Income TTM 665.2m / Total Stockholder Equity 2.52b)
RoCE = 20.68% (EBIT 858.8m / Capital Employed (Equity 2.52b + L.T.Debt 1.63b))
RoIC = 17.35% (NOPAT 734.2m / Invested Capital 4.23b)
WACC = 6.44% (E(5.11b)/V(7.28b) * Re(8.78%) + D(2.17b)/V(7.28b) * Rd(1.12%) * (1-Tc(0.15)))
Discount Rate = 8.78% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 1.16%
[DCF Debug] Terminal Value 79.09% ; FCFE base≈251.4m ; Y1≈310.2m ; Y5≈529.2m
Fair Price DCF = 259.2 (DCF Value 7.83b / Shares Outstanding 30.2m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 56.99 | EPS CAGR: 22.21% | SUE: 0.74 | # QB: 0
Revenue Correlation: 71.01 | Revenue CAGR: 13.13% | SUE: -0.19 | # QB: 0
EPS next Quarter (2026-03-31): EPS=5.01 | Chg30d=+0.156 | Revisions Net=+3 | Analysts=4
EPS next Year (2026-12-31): EPS=17.94 | Chg30d=+0.044 | Revisions Net=-2 | Growth EPS=+8.1% | Growth Revenue=+10.2%

Additional Sources for CPA Stock

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