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 6 industry peers in the Transportation Infrastructure industry. CAAP has only an average score on both its financial health and profitability. 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.
In the past year CAAP had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: CAAP reported negative net income in multiple years.
In the past 5 years CAAP always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of CAAP (7.54%) is comparable to the rest of the industry.
CAAP's Return On Equity of 22.50% is in line compared to the rest of the industry. CAAP outperforms 50.00% of its industry peers.
With a Return On Invested Capital value of 11.30%, CAAP perfoms like the industry average, outperforming 50.00% of the companies in the same 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 16.99%.
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
CAAP has a Profit Margin (14.12%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of CAAP has grown nicely.
Looking at the Operating Margin, with a value of 23.35%, CAAP is in line with its industry, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Operating Margin of CAAP has grown nicely.
The Gross Margin of CAAP (33.28%) is worse than 66.67% 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CAAP is still creating some value.
CAAP has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for CAAP has been increased compared to 5 years ago.
CAAP has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.51 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 2.51, CAAP perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
The Debt to FCF ratio of CAAP is 3.74, which is a good value as it means it would take CAAP, 3.74 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CAAP (3.74) is better than 66.67% of its industry peers.
CAAP has a Debt/Equity ratio of 0.72. This is a neutral value indicating CAAP is somewhat dependend on debt financing.
The Debt to Equity ratio of CAAP (0.72) is better than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 3.74 | ||
| Altman-Z | 2.51 |
ROIC/WACC1.59
WACC7.1%
2.3 Liquidity
A Current Ratio of 1.39 indicates that CAAP should not have too much problems paying its short term obligations.
CAAP's Current ratio of 1.39 is on the low side compared to the rest of the industry. CAAP is outperformed by 66.67% of its industry peers.
CAAP has a Quick Ratio of 1.37. This is a normal value and indicates that CAAP is financially healthy and should not expect problems in meeting its short term obligations.
CAAP has a Quick ratio of 1.37. This is in the lower half of the industry: CAAP underperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.39 | ||
| Quick Ratio | 1.37 |
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%.
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
Based on estimates for the next years, CAAP will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.93% on average per year.
Based on estimates for the next years, CAAP will show a small growth in Revenue. The Revenue will grow by 2.52% on average per year.
EPS Next Y1.79%
EPS Next 2Y19.61%
EPS Next 3Y19.93%
EPS Next 5YN/A
Revenue Next Year4.2%
Revenue Next 2Y8.34%
Revenue Next 3Y7.77%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 23.23, which indicates a rather expensive current valuation of CAAP.
Compared to the rest of the industry, the Price/Earnings ratio of CAAP indicates a somewhat cheap valuation: CAAP is cheaper than 66.67% of the companies listed in the same industry.
CAAP is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.24, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 8.95, the valuation of CAAP can be described as very reasonable.
CAAP's Price/Forward Earnings ratio is rather cheap when compared to the industry. CAAP is cheaper than 100.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.42, CAAP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.23 | ||
| Fwd PE | 8.95 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CAAP is valued cheaper than 100.00% of the companies 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 | 10.6 | ||
| EV/EBITDA | 5.06 |
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.
A more expensive valuation may be justified as CAAP's earnings are expected to grow with 19.93% in the coming years.
PEG (NY)13
PEG (5Y)0.96
EPS Next 2Y19.61%
EPS Next 3Y19.93%
5. Dividend
5.1 Amount
No dividends for CAAP!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
19.98
+0.44 (+2.25%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners14.49%
Inst Owner Change0.17%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap3.26B
Analysts84.62
Price Target23.27 (16.47%)
Short Float %4.95%
Short Ratio12.1
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)0%
PT rev (3m)5.83%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.45%
EPS NY rev (1m)-6.52%
EPS NY rev (3m)-20.17%
Revenue NQ rev (1m)1.28%
Revenue NQ rev (3m)0.74%
Revenue NY rev (1m)1.36%
Revenue NY rev (3m)-2.82%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.23 | ||
| Fwd PE | 8.95 | ||
| P/S | 1.42 | ||
| P/FCF | 10.6 | ||
| P/OCF | 10.14 | ||
| P/B | 2.26 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.06 |
EPS(TTM)0.86
EY4.3%
EPS(NY)2.23
Fwd EY11.17%
FCF(TTM)1.89
FCFY9.44%
OCF(TTM)1.97
OCFY9.86%
SpS14.06
BVpS8.82
TBVpS-11.1
PEG (NY)13
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 | 2.51 |
F-Score5
WACC7.1%
ROIC/WACC1.59
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 Y1.79%
EPS Next 2Y19.61%
EPS Next 3Y19.93%
EPS Next 5YN/A
Revenue 1Y (TTM)54.52%
Revenue growth 3Y37.64%
Revenue growth 5Y3.41%
Sales Q2Q%3.41%
Revenue Next Year4.2%
Revenue Next 2Y8.34%
Revenue Next 3Y7.77%
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