FRA Stock Analysis: Fraport | XETRA
Airports & Air Services | XETRA, Germany | Market Cap: 5.622m EUR | 12M Return: -16.5% | DE0005773303 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 8.27M
EPS Trend: 9.0%
Qual. Beats: 0
Rev. Trend: 87.1%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 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: 388.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 2.19 > 1.0 |
| NWC/Revenue: 25.52% < 20% (prev 31.64%; Δ -6.12% < -1%) |
| CFO/TA 0.06 > 3% & CFO 1.26b > Net Income 388.2m |
| Net Debt (10.0b) to EBITDA (1.50b): 6.69 < 3 |
| Current Ratio: 1.50 > 1.5 & < 3 |
| Outstanding Shares: last quarter (92.5m) vs 12m ago 0.08% < -2% |
| Gross Margin: 22.50% > 18% (prev 26.07%; Δ -3.57% > 0.5%) |
| Asset Turnover: 22.40% > 50% (prev 22.07%; Δ 0.33% > 0%) |
| Interest Coverage Ratio: 2.27 > 6 (EBIT TTM 880.3m / Interest Expense TTM 387.6m) |
| A: 0.06 (Total Current Assets 3.43b - Total Current Liabilities 2.28b) / Total Assets 20.4b |
| B: 0.19 (Retained Earnings 3.80b / Total Assets 20.4b) |
| C: 0.04 (EBIT TTM 880.3m / Avg Total Assets 20.1b) |
| D: 0.35 (Book Value of Equity 5.19b / Total Liabilities 14.9b) |
| Altman-Z'' = 1.63 = BB |
| DSRI: 0.69 (Receivables 467.7m/662.2m, Revenue 4.51b/4.38b) |
| GMI: 1.16 (GM 26.07% / 22.50%) |
| AQI: 1.02 (AQ_t 0.31 / AQ_t-1 0.30) |
| SGI: 1.03 (Revenue 4.51b / 4.38b) |
| TATA: -0.04 (NI 388.2m - CFO 1.26b) / TA 20.4b) |
| Beneish M = -3.11 (Cap -4..+1) = AA |
As of September 22, 2026, the stock is trading at EUR 60.60 with a total of 120,495 shares traded. Over the past week, the price has changed by +0.92%, over one month by -3.81%, over three months by -15.60% and over the past year by -16.46%.
Current recommended Stop Loss: 58.70 (which is 3.1% or 1.3 ATR below the current price).
Fraport has no consensus analysts rating.
P/E Trailing = 14.5107
P/E Forward = 15.7729
P/S = 1.2462
P/B = 1.084
P/EG = 1.9964
Revenue TTM = 4.51b EUR
EBIT TTM = 880.3m EUR
EBITDA TTM = 1.50b EUR
Long Term Debt = 11.8b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 1.20b EUR (from shortTermDebt, last quarter)
Debt = 12.4b EUR (from shortLongTermDebtTotal, last quarter) + Leases 219.8m
Net Debt = 10.0b EUR (calculated: Debt 12.4b - CCE 2.35b)
Enterprise Value = 15.6b EUR (5.62b + Debt 12.4b - CCE 2.35b)
Interest Coverage Ratio = 2.27 (Ebit TTM 880.3m / Interest Expense TTM 387.6m)
EV/FCF = 46.39x (Enterprise Value 15.6b / FCF TTM 336.8m)
FCF Yield = 2.16% (FCF TTM 336.8m / Enterprise Value 15.6b)
FCF Margin = 7.47% (FCF TTM 336.8m / Revenue TTM 4.51b)
Net Margin = 8.61% (Net Income TTM 388.2m / Revenue TTM 4.51b)
Gross Margin = 22.50% ((Revenue TTM 4.51b - Cost of Revenue TTM 3.50b) / Revenue TTM)
Gross Margin QoQ = 19.81% (prev 10.54%)
Tobins Q-Ratio = 0.76 (Enterprise Value 15.6b / Total Assets 20.4b)
Interest Expense / Debt = 3.14% (Interest Expense 387.6m / Debt 12.4b)
Taxrate = 28.20% (165.4m / 586.5m)
NOPAT = 632.0m (EBIT 880.3m * (1 - 28.20%))
Current Ratio = 1.50 (Total Current Assets 3.43b / Total Current Liabilities 2.28b)
Debt / Equity = 2.38 (Debt 12.4b / totalStockholderEquity, last quarter 5.19b)
Debt / EBITDA = 6.69 (Net Debt 10.0b / EBITDA 1.50b)
Debt / FCF = 29.70 (Net Debt 10.0b / FCF TTM 336.8m)
Total Stockholder Equity = 5.18b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.93% (Net Income 388.2m / Total Assets 20.4b)
RoE = 7.50% (Net Income TTM 388.2m / Total Stockholder Equity 5.18b)
RoCE = 5.20% (EBIT 880.3m / Capital Employed (Equity 5.18b + L.T.Debt 11.8b))
RoIC = 3.30% (NOPAT 632.0m / Invested Capital 19.1b)
WACC = 3.55% (E(5.62b)/V(18.0b) * Re(6.40%) + D(12.4b)/V(18.0b) * Rd(3.14%) * (1-Tc(0.28)))
Discount Rate = 6.40% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 12.68 | Cagr: 0.04%
[DCF] Terminal Value 75.44% ; FCFF base≈336.8m ; Y1≈338.2m ; Y5≈358.2m
[DCF] Fair Price = N/A (negative equity: EV 5.57b - Net Debt 10.0b = -4.43b; debt exceeds intrinsic value)
EPS Correlation: 9.03 | EPS CAGR: 0.72% | SUE: -0.59 | # QB: 0
Revenue Correlation: 87.14 | Revenue CAGR: 4.81% | SUE: 1.26 | # QB: 1
EPS current Quarter (2026-09-30): EPS=2.40 | Chg30d=+3.10% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=3.17 | Chg30d=-1.69% | Revisions=-79% | GrowthEPS=-32.2% | GrowthRev=+3.0%
EPS next Year (2027-12-31): EPS=3.50 | Chg30d=-1.95% | Revisions=-69% | GrowthEPS=+10.6% | GrowthRev=+4.7%
[Analyst] Revisions Ratio: -82% (up=1, down=24)