CORP AMERICA AIRPORTS SA (CAAP) Stock Fundamental Analysis
NYSE:CAAP - New York Stock Exchange, Inc. - LU1756447840 - Common Stock - Currency: USD
Taking everything into account, CAAP scores 5 out of 10 in our fundamental rating. CAAP was compared to 7 industry peers in the Transportation Infrastructure industry. CAAP has only an average score on both its financial health and profitability. CAAP is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year CAAP was profitable.
CAAP had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: CAAP reported negative net income in multiple years.
Each year in the past 5 years CAAP had a positive operating cash flow.
1.2 Ratios
The Return On Assets of CAAP (7.54%) is comparable to the rest of the industry.
CAAP has a Return On Equity of 22.50%. This is comparable to the rest of the industry: CAAP outperforms 57.14% of its industry peers.
CAAP has a Return On Invested Capital (11.30%) which is comparable to the rest of the industry.
CAAP had an Average Return On Invested Capital over the past 3 years of 9.43%. This is significantly below the industry average of 14.57%.
The 3 year average ROIC (9.43%) for CAAP is below the current ROIC(11.30%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.54% | ||
| ROE | 22.5% | ||
| ROIC | 11.3% |
ROA(3y)5.97%
ROA(5y)1.44%
ROE(3y)25.72%
ROE(5y)0.07%
ROIC(3y)9.43%
ROIC(5y)N/A
1.3 Margins
The Profit Margin of CAAP (14.12%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of CAAP has grown nicely.
The Operating Margin of CAAP (23.35%) is comparable to the rest of the industry.
CAAP's Operating Margin has improved in the last couple of years.
CAAP's Gross Margin of 33.28% is on the low side compared to the rest of the industry. CAAP is outperformed by 71.43% of its industry peers.
In the last couple of years the Gross Margin of CAAP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.35% | ||
| PM (TTM) | 14.12% | ||
| GM | 33.28% |
OM growth 3YN/A
OM growth 5Y6.46%
PM growth 3YN/A
PM growth 5Y92.26%
GM growth 3Y40.1%
GM growth 5Y4.05%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CAAP is creating some value.
CAAP has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, CAAP has more shares outstanding
CAAP has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.50 indicates that CAAP is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.50, CAAP perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
CAAP has a debt to FCF ratio of 3.74. This is a good value and a sign of high solvency as CAAP would need 3.74 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.74, CAAP is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
CAAP has a Debt/Equity ratio of 0.72. This is a neutral value indicating CAAP is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.72, CAAP is doing good in the industry, outperforming 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 3.74 | ||
| Altman-Z | 2.5 |
ROIC/WACC1.57
WACC7.22%
2.3 Liquidity
A Current Ratio of 1.39 indicates that CAAP should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.39, CAAP is in line with its industry, outperforming 42.86% of the companies in the same industry.
A Quick Ratio of 1.37 indicates that CAAP should not have too much problems paying its short term obligations.
CAAP has a Quick ratio (1.37) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.39 | ||
| Quick Ratio | 1.37 |
3. Growth
3.1 Past
The earnings per share for CAAP have decreased strongly by -65.32% in the last year.
CAAP shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 24.10% yearly.
CAAP shows a strong growth in Revenue. In the last year, the Revenue has grown by 54.52%.
The Revenue has been growing slightly by 3.41% on average over the past years.
EPS 1Y (TTM)-65.32%
EPS 3YN/A
EPS 5Y24.1%
EPS Q2Q%-73.68%
Revenue 1Y (TTM)54.52%
Revenue growth 3Y37.64%
Revenue growth 5Y3.41%
Sales Q2Q%3.41%
3.2 Future
The Earnings Per Share is expected to grow by 24.86% on average over the next years. This is a very strong growth
CAAP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.52% yearly.
EPS Next Y12.13%
EPS Next 2Y19.2%
EPS Next 3Y24.86%
EPS Next 5YN/A
Revenue Next Year3.36%
Revenue Next 2Y8.03%
Revenue Next 3Y8.97%
Revenue Next 5Y2.52%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 23.24, which indicates a rather expensive current valuation of CAAP.
Compared to the rest of the industry, the Price/Earnings ratio of CAAP is on the same level as its industry peers.
When comparing the Price/Earnings ratio of CAAP to the average of the S&P500 Index (26.60), we can say CAAP is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 9.02, the valuation of CAAP can be described as reasonable.
100.00% of the companies in the same industry are more expensive than CAAP, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of CAAP to the average of the S&P500 Index (22.39), we can say CAAP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.24 | ||
| Fwd PE | 9.02 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CAAP indicates a rather cheap valuation: CAAP is cheaper than 100.00% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, CAAP is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.47 | ||
| EV/EBITDA | 5.01 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CAAP does not grow enough to justify the current Price/Earnings ratio.
CAAP's earnings are expected to grow with 24.86% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.92
PEG (5Y)0.96
EPS Next 2Y19.2%
EPS Next 3Y24.86%
5. Dividend
5.1 Amount
No dividends for CAAP!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
19.99
-0.02 (-0.1%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners14.57%
Inst Owner Change0.68%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap3.22B
Analysts84.62
Price Target22.68 (13.46%)
Short Float %4.93%
Short Ratio9.1
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-37.2%
Min EPS beat(2)-48.99%
Max EPS beat(2)-25.4%
EPS beat(4)0
Avg EPS beat(4)-38.93%
Min EPS beat(4)-74.97%
Max EPS beat(4)-6.34%
EPS beat(8)3
Avg EPS beat(8)28.73%
EPS beat(12)7
Avg EPS beat(12)456.55%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)3.09%
Min Revenue beat(2)-0.35%
Max Revenue beat(2)6.53%
Revenue beat(4)2
Avg Revenue beat(4)1.76%
Min Revenue beat(4)-1.49%
Max Revenue beat(4)6.53%
Revenue beat(8)4
Avg Revenue beat(8)1.97%
Revenue beat(12)8
Avg Revenue beat(12)7.73%
Revenue beat(16)10
Avg Revenue beat(16)6.65%
PT rev (1m)3.12%
PT rev (3m)3.41%
EPS NQ rev (1m)-1.49%
EPS NQ rev (3m)-9.02%
EPS NY rev (1m)-12.05%
EPS NY rev (3m)-12.25%
Revenue NQ rev (1m)-1.79%
Revenue NQ rev (3m)5.57%
Revenue NY rev (1m)-1.81%
Revenue NY rev (3m)-5.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.24 | ||
| Fwd PE | 9.02 | ||
| P/S | 1.4 | ||
| P/FCF | 10.47 | ||
| P/OCF | 10.02 | ||
| P/B | 2.24 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.01 |
EPS(TTM)0.86
EY4.3%
EPS(NY)2.22
Fwd EY11.09%
FCF(TTM)1.91
FCFY9.55%
OCF(TTM)1.99
OCFY9.98%
SpS14.23
BVpS8.93
TBVpS-11.24
PEG (NY)1.92
PEG (5Y)0.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.54% | ||
| ROE | 22.5% | ||
| ROCE | 14.31% | ||
| ROIC | 11.3% | ||
| ROICexc | 13.14% | ||
| ROICexgc | N/A | ||
| OM | 23.35% | ||
| PM (TTM) | 14.12% | ||
| GM | 33.28% | ||
| FCFM | 13.41% |
ROA(3y)5.97%
ROA(5y)1.44%
ROE(3y)25.72%
ROE(5y)0.07%
ROIC(3y)9.43%
ROIC(5y)N/A
ROICexc(3y)10.68%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)11.94%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5Y9.96%
OM growth 3YN/A
OM growth 5Y6.46%
PM growth 3YN/A
PM growth 5Y92.26%
GM growth 3Y40.1%
GM growth 5Y4.05%
F-Score5
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 3.74 | ||
| Debt/EBITDA | 1.38 | ||
| Cap/Depr | 6.36% | ||
| Cap/Sales | 0.6% | ||
| Interest Coverage | 5.85 | ||
| Cash Conversion | 42.68% | ||
| Profit Quality | 94.98% | ||
| Current Ratio | 1.39 | ||
| Quick Ratio | 1.37 | ||
| Altman-Z | 2.5 |
F-Score5
WACC7.22%
ROIC/WACC1.57
Cap/Depr(3y)6.53%
Cap/Depr(5y)5.92%
Cap/Sales(3y)0.74%
Cap/Sales(5y)1%
Profit Quality(3y)149.39%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-65.32%
EPS 3YN/A
EPS 5Y24.1%
EPS Q2Q%-73.68%
EPS Next Y12.13%
EPS Next 2Y19.2%
EPS Next 3Y24.86%
EPS Next 5YN/A
Revenue 1Y (TTM)54.52%
Revenue growth 3Y37.64%
Revenue growth 5Y3.41%
Sales Q2Q%3.41%
Revenue Next Year3.36%
Revenue Next 2Y8.03%
Revenue Next 3Y8.97%
Revenue Next 5Y2.52%
EBIT growth 1Y19.07%
EBIT growth 3YN/A
EBIT growth 5Y10.09%
EBIT Next Year47%
EBIT Next 3Y22.42%
EBIT Next 5Y12.35%
FCF growth 1Y3.55%
FCF growth 3Y59.24%
FCF growth 5YN/A
OCF growth 1Y4.4%
OCF growth 3Y56.62%
OCF growth 5YN/A