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 an average financial health and profitability rating. CAAP has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
CAAP had positive earnings in the past year.
CAAP had a positive operating cash flow in the past year.
In multiple years CAAP reported negative net income over the last 5 years.
Each year in the past 5 years CAAP had a positive operating cash flow.
1.2 Ratios
CAAP has a better Return On Assets (10.82%) than 71.43% of its industry peers.
With a decent Return On Equity value of 33.04%, CAAP is doing good in the industry, outperforming 71.43% of the companies in the same industry.
CAAP's Return On Invested Capital of 12.49% is in line compared to the rest of the industry. CAAP outperforms 57.14% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CAAP is significantly below the industry average of 14.87%.
The last Return On Invested Capital (12.49%) for CAAP is above the 3 year average (9.43%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.82% | ||
| ROE | 33.04% | ||
| ROIC | 12.49% |
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
CAAP has a Profit Margin (19.60%) which is in line with its industry peers.
In the last couple of years the Profit Margin of CAAP has grown nicely.
CAAP has a Operating Margin (24.52%) which is in line with its industry peers.
CAAP's Operating Margin has improved in the last couple of years.
The Gross Margin of CAAP (33.97%) is worse than 71.43% of its industry peers.
CAAP's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.52% | ||
| PM (TTM) | 19.6% | ||
| GM | 33.97% |
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.
The number of shares outstanding for CAAP remains at a similar level compared to 1 year ago.
The number of shares outstanding for CAAP has been increased compared to 5 years ago.
The debt/assets ratio for CAAP has been reduced compared to a year ago.
2.2 Solvency
CAAP has an Altman-Z score of 2.62. This is not the best score and indicates that CAAP is in the grey zone with still only limited risk for bankruptcy at the moment.
CAAP's Altman-Z score of 2.62 is in line compared to the rest of the industry. CAAP outperforms 57.14% of its industry peers.
The Debt to FCF ratio of CAAP is 2.98, which is a good value as it means it would take CAAP, 2.98 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CAAP (2.98) is better than 71.43% of its industry peers.
A Debt/Equity ratio of 0.77 indicates that CAAP is somewhat dependend on debt financing.
CAAP has a Debt to Equity ratio of 0.77. This is in the better half of the industry: CAAP outperforms 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 2.98 | ||
| Altman-Z | 2.62 |
ROIC/WACC1.72
WACC7.25%
2.3 Liquidity
A Current Ratio of 1.27 indicates that CAAP should not have too much problems paying its short term obligations.
The Current ratio of CAAP (1.27) is comparable to the rest of the industry.
CAAP has a Quick Ratio of 1.25. This is a normal value and indicates that CAAP is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.25, CAAP perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.27 | ||
| Quick Ratio | 1.25 |
3. Growth
3.1 Past
CAAP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -65.32%.
Measured over the past years, CAAP shows a very strong growth in Earnings Per Share. The EPS has been growing by 24.10% on average per year.
Looking at the last year, CAAP shows a very strong growth in Revenue. The Revenue has grown by 31.66%.
CAAP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.41% yearly.
EPS 1Y (TTM)-65.32%
EPS 3YN/A
EPS 5Y24.1%
EPS Q2Q%-73.68%
Revenue 1Y (TTM)31.66%
Revenue growth 3Y37.64%
Revenue growth 5Y3.41%
Sales Q2Q%3.04%
3.2 Future
CAAP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.86% yearly.
Based on estimates for the next years, CAAP will show a quite strong growth in Revenue. The Revenue will grow by 10.48% on average per year.
EPS Next Y12.13%
EPS Next 2Y19.2%
EPS Next 3Y24.86%
EPS Next 5YN/A
Revenue Next Year5.27%
Revenue Next 2Y8.77%
Revenue Next 3Y10.48%
Revenue Next 5YN/A
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 25.28, the valuation of CAAP can be described as expensive.
CAAP's Price/Earnings ratio is in line with the industry average.
CAAP is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.91, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 9.81, the valuation of CAAP can be described as reasonable.
Based on the Price/Forward Earnings ratio, CAAP is valued cheaper than 100.00% of the companies in the same industry.
CAAP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.85.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.28 | ||
| Fwd PE | 9.81 |
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.
CAAP's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CAAP is cheaper than 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.94 | ||
| EV/EBITDA | 5.28 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
CAAP has a very decent profitability rating, which may justify a higher PE ratio.
CAAP's earnings are expected to grow with 24.86% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.08
PEG (5Y)1.05
EPS Next 2Y19.2%
EPS Next 3Y24.86%
5. Dividend
5.1 Amount
CAAP does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
21.74
+0.38 (+1.78%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners14.57%
Inst Owner Change0.06%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap3.50B
Analysts83.64
Price Target21.79 (0.23%)
Short Float %4.97%
Short Ratio4.87
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)-50.19%
Min EPS beat(2)-74.97%
Max EPS beat(2)-25.4%
EPS beat(4)1
Avg EPS beat(4)5.04%
Min EPS beat(4)-74.97%
Max EPS beat(4)126.89%
EPS beat(8)4
Avg EPS beat(8)52.99%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)4.44%
Min Revenue beat(2)2.36%
Max Revenue beat(2)6.53%
Revenue beat(4)2
Avg Revenue beat(4)1.62%
Min Revenue beat(4)-1.49%
Max Revenue beat(4)6.53%
Revenue beat(8)5
Avg Revenue beat(8)3.1%
Revenue beat(12)9
Avg Revenue beat(12)8.94%
Revenue beat(16)10
Avg Revenue beat(16)5.86%
PT rev (1m)-0.9%
PT rev (3m)-0.62%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.18%
EPS NY rev (1m)-12.05%
EPS NY rev (3m)-12.25%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)11.59%
Revenue NY rev (1m)-1.31%
Revenue NY rev (3m)-3.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.28 | ||
| Fwd PE | 9.81 | ||
| P/S | 1.52 | ||
| P/FCF | 8.94 | ||
| P/OCF | 8.63 | ||
| P/B | 2.56 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.28 |
EPS(TTM)0.86
EY3.96%
EPS(NY)2.22
Fwd EY10.2%
FCF(TTM)2.43
FCFY11.19%
OCF(TTM)2.52
OCFY11.58%
SpS14.33
BVpS8.51
TBVpS-11.1
PEG (NY)2.08
PEG (5Y)1.05
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.82% | ||
| ROE | 33.04% | ||
| ROCE | 15.81% | ||
| ROIC | 12.49% | ||
| ROICexc | 14.64% | ||
| ROICexgc | N/A | ||
| OM | 24.52% | ||
| PM (TTM) | 19.6% | ||
| GM | 33.97% | ||
| FCFM | 16.97% |
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-Score6
Asset Turnover0.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 2.98 | ||
| Debt/EBITDA | 1.37 | ||
| Cap/Depr | 6.73% | ||
| Cap/Sales | 0.59% | ||
| Interest Coverage | 5.88 | ||
| Cash Conversion | 52.72% | ||
| Profit Quality | 86.58% | ||
| Current Ratio | 1.27 | ||
| Quick Ratio | 1.25 | ||
| Altman-Z | 2.62 |
F-Score6
WACC7.25%
ROIC/WACC1.72
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)31.66%
Revenue growth 3Y37.64%
Revenue growth 5Y3.41%
Sales Q2Q%3.04%
Revenue Next Year5.27%
Revenue Next 2Y8.77%
Revenue Next 3Y10.48%
Revenue Next 5YN/A
EBIT growth 1Y35.39%
EBIT growth 3YN/A
EBIT growth 5Y10.09%
EBIT Next Year52.22%
EBIT Next 3Y27.32%
EBIT Next 5YN/A
FCF growth 1Y13.35%
FCF growth 3Y59.24%
FCF growth 5YN/A
OCF growth 1Y13.72%
OCF growth 3Y56.62%
OCF growth 5YN/A