FRA Stock Analysis: Fraport | XETRA
Airports & Air Services | XETRA, Germany | Market Cap: 6.413m EUR | 12M Return: 7.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 8.60M
EPS Trend: 56.3%
Qual. Beats: 0
Rev. Trend: 87.6%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Fraport AG is a German airport operator headquartered in Frankfurt am Main, with its core operations centered on Frankfurt Main airport and additional airport holdings across Europe, Asia, and the Americas. The company runs four reporting segments: Aviation (airport charges and security-related services at land and airside infrastructure), Retail & Real Estate (commercial property development, rentals, parking, retail and advertising space), Ground Handling (loading, baggage, passenger, airmail and freight services, and baggage transfer systems), and International Activities & Services (acquisition, operation and expansion of airports, consulting, and facility/IT management). Fraport was founded in 1924 and is listed on XETRA under ticker FRA.
The airport services industry typically combines regulated aeronautical revenues (landing and passenger fees set under regulatory frameworks) with non-aeronautical streams such as retail concessions, parking, and real estate, which tend to be higher-margin and help offset the capital-intensive nature of airport infrastructure. Frankfurt Main is one of Europes largest intercontinental hub airports, and hub operators like Fraport generally benefit from transfer traffic and airline alliances that concentrate connecting passenger flows at a single location.
- Frankfurt passenger traffic recovery boosts Aviation segment revenue
- EU regulation caps airport charges limiting pricing flexibility
- Athens and international portfolio drive segment growth and margins
| Net Income: 430.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 3.31 > 1.0 |
| NWC/Revenue: 27.61% < 20% (prev 31.46%; Δ -3.85% < -1%) |
| CFO/TA 0.07 > 3% & CFO 1.37b > Net Income 430.2m |
| Net Debt (9.40b) to EBITDA (1.51b): 6.23 < 3 |
| Current Ratio: 1.51 > 1.5 & < 3 |
| Outstanding Shares: last quarter (92.5m) vs 12m ago 2.11% < -2% |
| Gross Margin: 23.86% > 18% (prev 25.37%; Δ -1.51% > 0.5%) |
| Asset Turnover: 22.08% > 50% (prev 22.22%; Δ -0.14% > 0%) |
| Interest Coverage Ratio: 2.69 > 6 (EBIT TTM 942.9m / Interest Expense TTM 350.9m) |
| A: 0.06 (Total Current Assets 3.63b - Total Current Liabilities 2.40b) / Total Assets 20.4b |
| B: 0.19 (Retained Earnings 3.80b / Total Assets 20.4b) |
| C: 0.05 (EBIT TTM 942.9m / Avg Total Assets 20.1b) |
| D: 0.35 (Book Value of Equity 5.20b / Total Liabilities 14.9b) |
| Altman-Z'' = 1.68 = BB |
| DSRI: 0.51 (Receivables 304.4m/593.5m, Revenue 4.45b/4.41b) |
| GMI: 1.06 (GM 25.37% / 23.86%) |
| AQI: 0.96 (AQ_t 0.30 / AQ_t-1 0.31) |
| SGI: 1.01 (Revenue 4.45b / 4.41b) |
| TATA: -0.05 (NI 430.2m - CFO 1.37b) / TA 20.4b) |
| Beneish M = -3.40 (Cap -4..+1) = AA |
As of July 15, 2026, the stock is trading at EUR 68.30 with a total of 221,122 shares traded. Over the past week, the price has changed by -9.66%, over one month by -6.82%, over three months by -9.65% and over the past year by +7.27%.
Current recommended Stop Loss: 65.50 (which is 4.1% or 1.3 ATR below the current price).
Fraport has no consensus analysts rating.
P/E Trailing = 14.882
P/E Forward = 18.0832
P/S = 1.4182
P/B = 1.233
P/EG = 2.4111
Revenue TTM = 4.45b EUR
EBIT TTM = 942.9m EUR
EBITDA TTM = 1.51b EUR
Long Term Debt = 11.8b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 1.38b EUR (from shortTermDebt, last quarter)
Debt = 12.4b EUR (from shortLongTermDebtTotal, last quarter) + Leases 219.8m
Net Debt = 9.40b EUR (calculated: Debt 12.4b - CCE 3.02b)
Enterprise Value = 15.8b EUR (6.41b + Debt 12.4b - CCE 3.02b)
Interest Coverage Ratio = 2.69 (Ebit TTM 942.9m / Interest Expense TTM 350.9m)
EV/FCF = 47.55x (Enterprise Value 15.8b / FCF TTM 332.5m)
FCF Yield = 2.10% (FCF TTM 332.5m / Enterprise Value 15.8b)
FCF Margin = 7.48% (FCF TTM 332.5m / Revenue TTM 4.45b)
Net Margin = 9.68% (Net Income TTM 430.2m / Revenue TTM 4.45b)
Gross Margin = 23.86% ((Revenue TTM 4.45b - Cost of Revenue TTM 3.38b) / Revenue TTM)
Gross Margin QoQ = 10.54% (prev 16.79%)
Tobins Q-Ratio = 0.77 (Enterprise Value 15.8b / Total Assets 20.4b)
Interest Expense / Debt = 2.83% (Interest Expense 350.9m / Debt 12.4b)
Taxrate = 28.84% (187.0m / 648.4m)
NOPAT = 671.0m (EBIT 942.9m * (1 - 28.84%))
Current Ratio = 1.51 (Total Current Assets 3.63b / Total Current Liabilities 2.40b)
Debt / Equity = 2.39 (Debt 12.4b / totalStockholderEquity, last quarter 5.20b)
Debt / EBITDA = 6.23 (Net Debt 9.40b / EBITDA 1.51b)
Debt / FCF = 28.26 (Net Debt 9.40b / FCF TTM 332.5m)
Total Stockholder Equity = 5.09b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.14% (Net Income 430.2m / Total Assets 20.4b)
RoE = 8.46% (Net Income TTM 430.2m / Total Stockholder Equity 5.09b)
RoCE = 5.60% (EBIT 942.9m / Capital Employed (Equity 5.09b + L.T.Debt 11.8b))
RoIC = 3.50% (NOPAT 671.0m / Invested Capital 19.2b)
WACC = 3.60% (E(6.41b)/V(18.8b) * Re(6.68%) + D(12.4b)/V(18.8b) * Rd(2.83%) * (1-Tc(0.29)))
Discount Rate = 6.68% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -1.20 | Cagr: 0.04%
[DCF] Terminal Value 75.44% ; FCFF base≈332.5m ; Y1≈333.9m ; Y5≈353.7m
[DCF] Fair Price = N/A (negative equity: EV 5.50b - Net Debt 9.40b = -3.90b; debt exceeds intrinsic value)
EPS Correlation: 56.32 | EPS CAGR: 10.25% | SUE: 0.34 | # QB: 0
Revenue Correlation: 87.59 | Revenue CAGR: 6.48% | SUE: 0.16 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.94 | Chg30d=+7.26% | Revisions=-25% | Analysts=2
EPS next Quarter (2026-09-30): EPS=2.33 | Chg30d=-1.28% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=3.53 | Chg30d=-3.51% | Revisions=-29% | GrowthEPS=-24.4% | GrowthRev=+2.9%
EPS next Year (2027-12-31): EPS=3.80 | Chg30d=-1.52% | Revisions=-29% | GrowthEPS=+7.6% | GrowthRev=+5.1%
[Analyst] Revisions Ratio: -46% (up=2, down=8)