CORP AMERICA AIRPORTS SA (CAAP) Stock Fundamental Analysis
USA - NYSE:CAAP - LU1756447840 - Common Stock
18.07 USD
+0.27 (+1.52%)
17.72 USD
-0.35 (-1.94%)
We assign a fundamental rating of 5 out of 10 to CAAP. CAAP was compared to 6 industry peers in the Transportation Infrastructure industry. Both the profitability and the financial health of CAAP get a neutral evaluation. Nothing too spectacular is happening here. CAAP has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year CAAP was profitable.
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
Looking at the Return On Assets, with a value of 7.54%, CAAP is in line with its industry, outperforming 50.00% of the companies in the same industry.
CAAP has a Return On Equity (22.50%) which is in line with its industry peers.
CAAP has a Return On Invested Capital (11.30%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CAAP is significantly below the industry average of 18.98%.
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
With a Profit Margin value of 14.12%, CAAP perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
CAAP's Profit Margin has improved in the last couple of years.
CAAP has a Operating Margin (23.35%) which is in line with its industry peers.
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.
CAAP's Gross Margin has improved in the last couple of years.
| 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
CAAP has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, CAAP has about the same amount of shares outstanding.
Compared to 5 years ago, CAAP has more shares outstanding
The debt/assets ratio for CAAP has been reduced compared to a year ago.
2.2 Solvency
CAAP has an Altman-Z score of 2.43. 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 2.43 is in line compared to the rest of the industry. CAAP outperforms 50.00% of its industry peers.
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.
CAAP has a better Debt to FCF ratio (3.74) than 66.67% of its industry peers.
A Debt/Equity ratio of 0.72 indicates that CAAP is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.72, CAAP is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 3.74 | ||
| Altman-Z | 2.43 |
ROIC/WACC1.6
WACC7.08%
2.3 Liquidity
CAAP has a Current Ratio of 1.39. This is a normal value and indicates that CAAP is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of CAAP (1.39) is comparable to the rest of the industry.
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.
Looking at the Quick ratio, with a value of 1.37, CAAP is in line with its industry, outperforming 50.00% of the companies in the same industry.
| 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 -63.98% in the last year.
The Earnings Per Share has been growing by 24.10% on average over the past years. This is a very strong growth
Looking at the last year, CAAP shows a decrease in Revenue. The Revenue has decreased by -5.50% in the last year.
Measured over the past years, CAAP shows a small growth in Revenue. The Revenue has been growing by 3.41% on average per year.
EPS 1Y (TTM)-63.98%
EPS 3YN/A
EPS 5Y24.1%
EPS Q2Q%-3.23%
Revenue 1Y (TTM)-5.5%
Revenue growth 3Y37.64%
Revenue growth 5Y3.41%
Sales Q2Q%14.56%
3.2 Future
The Earnings Per Share is expected to grow by 20.05% on average over the next years. This is a very strong growth
Based on estimates for the next years, CAAP will show a small growth in Revenue. The Revenue will grow by 4.26% on average per year.
EPS Next Y-6.57%
EPS Next 2Y19.49%
EPS Next 3Y20.05%
EPS Next 5YN/A
Revenue Next Year7.84%
Revenue Next 2Y9.39%
Revenue Next 3Y9.12%
Revenue Next 5Y4.26%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
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
A Price/Earnings ratio of 21.26 indicates a rather expensive valuation of CAAP.
66.67% of the companies in the same industry are more expensive than CAAP, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of CAAP to the average of the S&P500 Index (27.40), we can say CAAP is valued slightly cheaper.
A Price/Forward Earnings ratio of 8.11 indicates a reasonable valuation of CAAP.
Based on the Price/Forward Earnings ratio, CAAP is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
CAAP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.26 | ||
| Fwd PE | 8.11 |
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CAAP indicates a rather cheap valuation: CAAP is cheaper than 100.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.59 | ||
| EV/EBITDA | 4.59 |
4.3 Compensation for Growth
CAAP's earnings are expected to grow with 20.05% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.88
EPS Next 2Y19.49%
EPS Next 3Y20.05%
5. Dividend
5.1 Amount
No dividends for CAAP!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
18.07
+0.27 (+1.52%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners14.8%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.94B
Analysts84.62
Price Target25.96 (43.66%)
Short Float %4.78%
Short Ratio8.44
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)1.46%
PT rev (3m)11.54%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-8.65%
EPS NY rev (3m)-8.21%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.2%
Revenue NY rev (1m)0.68%
Revenue NY rev (3m)3.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.26 | ||
| Fwd PE | 8.11 | ||
| P/S | 1.29 | ||
| P/FCF | 9.59 | ||
| P/OCF | 9.17 | ||
| P/B | 2.05 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.59 |
EPS(TTM)0.85
EY4.7%
EPS(NY)2.23
Fwd EY12.33%
FCF(TTM)1.89
FCFY10.43%
OCF(TTM)1.97
OCFY10.9%
SpS14.06
BVpS8.82
TBVpS-11.1
PEG (NY)N/A
PEG (5Y)0.88
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 | 2.43 |
F-Score5
WACC7.08%
ROIC/WACC1.6
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)-63.98%
EPS 3YN/A
EPS 5Y24.1%
EPS Q2Q%-3.23%
EPS Next Y-6.57%
EPS Next 2Y19.49%
EPS Next 3Y20.05%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.5%
Revenue growth 3Y37.64%
Revenue growth 5Y3.41%
Sales Q2Q%14.56%
Revenue Next Year7.84%
Revenue Next 2Y9.39%
Revenue Next 3Y9.12%
Revenue Next 5Y4.26%
EBIT growth 1Y19.07%
EBIT growth 3YN/A
EBIT growth 5Y10.09%
EBIT Next Year50.44%
EBIT Next 3Y23.55%
EBIT Next 5Y14.14%
FCF growth 1Y3.55%
FCF growth 3Y59.24%
FCF growth 5YN/A
OCF growth 1Y4.4%
OCF growth 3Y56.62%
OCF growth 5YN/A