AENA SME SA (A441.DE) Fundamental Analysis & Valuation

FRA:A441 • ES0105046017

Current stock price

26.76 EUR
+0.42 (+1.59%)
Last:

This A441.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. A441.DE Profitability Analysis

1.1 Basic Checks

  • A441 had positive earnings in the past year.
  • In the past year A441 had a positive cash flow from operations.
  • A441 had positive earnings in 4 of the past 5 years.
  • In the past 5 years A441 always reported a positive cash flow from operatings.
A441.DE Yearly Net Income VS EBIT VS OCF VS FCFA441.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B

1.2 Ratios

  • With an excellent Return On Assets value of 11.74%, A441 belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • A441 has a Return On Equity of 23.21%. This is amongst the best in the industry. A441 outperforms 100.00% of its industry peers.
  • The Return On Invested Capital of A441 (13.83%) is better than 100.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for A441 is significantly above the industry average of 7.19%.
  • The last Return On Invested Capital (13.83%) for A441 is above the 3 year average (12.72%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 11.74%
ROE 23.21%
ROIC 13.83%
ROA(3y)10.75%
ROA(5y)6.99%
ROE(3y)22.39%
ROE(5y)14.44%
ROIC(3y)12.72%
ROIC(5y)9.09%
A441.DE Yearly ROA, ROE, ROICA441.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20

1.3 Margins

  • A441 has a Profit Margin of 34.03%. This is amongst the best in the industry. A441 outperforms 100.00% of its industry peers.
  • A441's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 47.09%, A441 belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • In the last couple of years the Operating Margin of A441 has grown nicely.
  • Looking at the Gross Margin, with a value of 97.58%, A441 belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
  • In the last couple of years the Gross Margin of A441 has remained more or less at the same level.
Industry RankSector Rank
OM 47.09%
PM (TTM) 34.03%
GM 97.58%
OM growth 3Y15.5%
OM growth 5Y107.54%
PM growth 3Y16.44%
PM growth 5YN/A
GM growth 3Y0.41%
GM growth 5Y0.62%
A441.DE Yearly Profit, Operating, Gross MarginsA441.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60 80

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7

2. A441.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), A441 is creating value.
  • Compared to 1 year ago, A441 has about the same amount of shares outstanding.
  • Compared to 5 years ago, A441 has about the same amount of shares outstanding.
  • The debt/assets ratio for A441 has been reduced compared to a year ago.
A441.DE Yearly Shares OutstandingA441.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B
A441.DE Yearly Total Debt VS Total AssetsA441.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

  • An Altman-Z score of 4.19 indicates that A441 is not in any danger for bankruptcy at the moment.
  • A441 has a better Altman-Z score (4.19) than 100.00% of its industry peers.
  • The Debt to FCF ratio of A441 is 4.20, which is a neutral value as it means it would take A441, 4.20 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of A441 (4.20) is better than 84.62% of its industry peers.
  • A441 has a Debt/Equity ratio of 0.71. This is a neutral value indicating A441 is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.71, A441 is in the better half of the industry, outperforming 61.54% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.71
Debt/FCF 4.2
Altman-Z 4.19
ROIC/WACC1.98
WACC7%
A441.DE Yearly LT Debt VS Equity VS FCFA441.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B

2.3 Liquidity

  • A441 has a Current Ratio of 1.88. This is a normal value and indicates that A441 is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.88, A441 is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
  • A441 has a Quick Ratio of 1.88. This is a normal value and indicates that A441 is financially healthy and should not expect problems in meeting its short term obligations.
  • With a decent Quick ratio value of 1.88, A441 is doing good in the industry, outperforming 76.92% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.88
Quick Ratio 1.88
A441.DE Yearly Current Assets VS Current LiabilitesA441.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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6

3. A441.DE Growth Analysis

3.1 Past

  • A441 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.55%, which is quite good.
  • The Earnings Per Share has been growing by 33.33% on average over the past years. This is a very strong growth
  • A441 shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.93%.
  • The Revenue has been growing by 23.55% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)10.55%
EPS 3Y33.33%
EPS 5YN/A
EPS Q2Q%15.53%
Revenue 1Y (TTM)8.93%
Revenue growth 3Y14.5%
Revenue growth 5Y23.55%
Sales Q2Q%10.46%

3.2 Future

  • The Earnings Per Share is expected to grow by 3.33% on average over the next years.
  • The Revenue is expected to grow by 4.46% on average over the next years.
EPS Next Y11.12%
EPS Next 2Y7.03%
EPS Next 3Y5.01%
EPS Next 5Y3.33%
Revenue Next Year7.3%
Revenue Next 2Y5.67%
Revenue Next 3Y4.64%
Revenue Next 5Y4.46%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
A441.DE Yearly Revenue VS EstimatesA441.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B
A441.DE Yearly EPS VS EstimatesA441.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 0.5 1 1.5

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5

4. A441.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 18.71 indicates a rather expensive valuation of A441.
  • 61.54% of the companies in the same industry are more expensive than A441, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 27.89. A441 is valued slightly cheaper when compared to this.
  • Based on the Price/Forward Earnings ratio of 16.90, the valuation of A441 can be described as correct.
  • Based on the Price/Forward Earnings ratio, A441 is valued cheaper than 92.31% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of A441 to the average of the S&P500 Index (38.50), we can say A441 is valued rather cheaply.
Industry RankSector Rank
PE 18.71
Fwd PE 16.9
A441.DE Price Earnings VS Forward Price EarningsA441.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, A441 is valued a bit more expensive than the industry average as 76.92% of the companies are valued more cheaply.
  • A441's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. A441 is cheaper than 61.54% of the companies in the same industry.
Industry RankSector Rank
P/FCF 23.23
EV/EBITDA 11.87
A441.DE Per share dataA441.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of A441 may justify a higher PE ratio.
PEG (NY)1.68
PEG (5Y)N/A
EPS Next 2Y7.03%
EPS Next 3Y5.01%

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4

5. A441.DE Dividend Analysis

5.1 Amount

  • A441 has a Yearly Dividend Yield of 3.39%.
  • Compared to an average industry Dividend Yield of 3.30, A441 pays a bit more dividend than its industry peers.
  • A441's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.39%

5.2 History

  • The dividend of A441 decreases each year by -31.50%.
Dividend Growth(5Y)-31.5%
Div Incr Years0
Div Non Decr Years0
A441.DE Yearly Dividends per shareA441.DE Yearly Dividends per shareYearly Dividends per share 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • A441 pays out 70.10% of its income as dividend. This is not a sustainable payout ratio.
DP70.1%
EPS Next 2Y7.03%
EPS Next 3Y5.01%
A441.DE Yearly Income VS Free CF VS DividendA441.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B 2B
A441.DE Dividend Payout.A441.DE Dividend Payout, showing the Payout Ratio.A441.DE Dividend Payout.PayoutRetained Earnings

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A441.DE Fundamentals: All Metrics, Ratios and Statistics

AENA SME SA

FRA:A441 (4/17/2026, 7:00:00 PM)

26.76

+0.42 (+1.59%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)02-25
Earnings (Next)04-29
Inst Owners24.43%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap40.14B
Revenue(TTM)6.28B
Net Income(TTM)2.14B
Analysts68
Price Target26.81 (0.19%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.39%
Yearly Dividend1
Dividend Growth(5Y)-31.5%
DP70.1%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.95%
Min EPS beat(2)-4.06%
Max EPS beat(2)19.97%
EPS beat(4)1
Avg EPS beat(4)2.77%
Min EPS beat(4)-4.62%
Max EPS beat(4)19.97%
EPS beat(8)4
Avg EPS beat(8)10.8%
EPS beat(12)8
Avg EPS beat(12)13.82%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-3.83%
Min Revenue beat(2)-5.82%
Max Revenue beat(2)-1.85%
Revenue beat(4)0
Avg Revenue beat(4)-2.51%
Min Revenue beat(4)-5.82%
Max Revenue beat(4)-0.58%
Revenue beat(8)0
Avg Revenue beat(8)-3.2%
Revenue beat(12)2
Avg Revenue beat(12)-1.87%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)5.62%
PT rev (3m)5.62%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.8%
EPS NY rev (1m)0.79%
EPS NY rev (3m)1.3%
Revenue NQ rev (1m)13.59%
Revenue NQ rev (3m)12.15%
Revenue NY rev (1m)0.51%
Revenue NY rev (3m)1.63%
Valuation
Industry RankSector Rank
PE 18.71
Fwd PE 16.9
P/S 6.39
P/FCF 23.23
P/OCF 14.4
P/B 4.36
P/tB 5.35
EV/EBITDA 11.87
EPS(TTM)1.43
EY5.34%
EPS(NY)1.58
Fwd EY5.92%
FCF(TTM)1.15
FCFY4.31%
OCF(TTM)1.86
OCFY6.94%
SpS4.19
BVpS6.14
TBVpS5
PEG (NY)1.68
PEG (5Y)N/A
Graham Number14.0527 (-47.49%)
Profitability
Industry RankSector Rank
ROA 11.74%
ROE 23.21%
ROCE 18%
ROIC 13.83%
ROICexc 16.26%
ROICexgc 18.51%
OM 47.09%
PM (TTM) 34.03%
GM 97.58%
FCFM 27.53%
ROA(3y)10.75%
ROA(5y)6.99%
ROE(3y)22.39%
ROE(5y)14.44%
ROIC(3y)12.72%
ROIC(5y)9.09%
ROICexc(3y)14.86%
ROICexc(5y)10.56%
ROICexgc(3y)16.96%
ROICexgc(5y)11.93%
ROCE(3y)16.56%
ROCE(5y)11.84%
ROICexgc growth 3Y31%
ROICexgc growth 5Y155.12%
ROICexc growth 3Y28.22%
ROICexc growth 5Y151.44%
OM growth 3Y15.5%
OM growth 5Y107.54%
PM growth 3Y16.44%
PM growth 5YN/A
GM growth 3Y0.41%
GM growth 5Y0.62%
F-Score7
Asset Turnover0.35
Health
Industry RankSector Rank
Debt/Equity 0.71
Debt/FCF 4.2
Debt/EBITDA 1.73
Cap/Depr 132.93%
Cap/Sales 16.87%
Interest Coverage 16.98
Cash Conversion 74.27%
Profit Quality 80.88%
Current Ratio 1.88
Quick Ratio 1.88
Altman-Z 4.19
F-Score7
WACC7%
ROIC/WACC1.98
Cap/Depr(3y)133.2%
Cap/Depr(5y)115.31%
Cap/Sales(3y)19.53%
Cap/Sales(5y)20.73%
Profit Quality(3y)77.22%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)10.55%
EPS 3Y33.33%
EPS 5YN/A
EPS Q2Q%15.53%
EPS Next Y11.12%
EPS Next 2Y7.03%
EPS Next 3Y5.01%
EPS Next 5Y3.33%
Revenue 1Y (TTM)8.93%
Revenue growth 3Y14.5%
Revenue growth 5Y23.55%
Sales Q2Q%10.46%
Revenue Next Year7.3%
Revenue Next 2Y5.67%
Revenue Next 3Y4.64%
Revenue Next 5Y4.46%
EBIT growth 1Y12.04%
EBIT growth 3Y32.25%
EBIT growth 5Y156.43%
EBIT Next Year39.25%
EBIT Next 3Y13.93%
EBIT Next 5Y10.32%
FCF growth 1Y-10.18%
FCF growth 3Y15.03%
FCF growth 5YN/A
OCF growth 1Y1.47%
OCF growth 3Y14.37%
OCF growth 5Y80.31%

AENA SME SA / A441.DE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for AENA SME SA?

ChartMill assigns a fundamental rating of 7 / 10 to A441.DE.


Can you provide the valuation status for AENA SME SA?

ChartMill assigns a valuation rating of 5 / 10 to AENA SME SA (A441.DE). This can be considered as Fairly Valued.


Can you provide the profitability details for AENA SME SA?

AENA SME SA (A441.DE) has a profitability rating of 9 / 10.


Can you provide the financial health for A441 stock?

The financial health rating of AENA SME SA (A441.DE) is 7 / 10.


Is the dividend of AENA SME SA sustainable?

The dividend rating of AENA SME SA (A441.DE) is 3 / 10 and the dividend payout ratio is 70.1%.