CORP AMERICA AIRPORTS SA (CAAP) Stock Fundamental Analysis
NYSE:CAAP - New York Stock Exchange, Inc. - LU1756447840 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to CAAP. CAAP was compared to 7 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.
CAAP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CAAP has a Return On Assets (7.54%) which is comparable to the rest of the industry.
CAAP has a Return On Equity (22.50%) which is comparable to the rest of the industry.
CAAP has a Return On Invested Capital of 11.30%. This is comparable 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 14.57%.
The last Return On Invested Capital (11.30%) for CAAP is above the 3 year average (9.43%), which is a sign of increasing profitability.
| 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
Looking at the Profit Margin, with a value of 14.12%, CAAP is in line with its industry, outperforming 42.86% of the companies in the same industry.
CAAP's Profit Margin has improved in the last couple of years.
CAAP has a Operating Margin of 23.35%. This is comparable to the rest of the industry: CAAP outperforms 42.86% of its industry peers.
In the last couple of years the Operating Margin of CAAP has grown nicely.
Looking at the Gross Margin, with a value of 33.28%, CAAP is doing worse than 71.43% of the companies in the same industry.
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
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.
The number of shares outstanding for CAAP has been increased compared to 5 years ago.
Compared to 1 year ago, CAAP has an improved debt to assets ratio.
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.
CAAP's Altman-Z score of 2.50 is in line compared to the rest of the industry. CAAP outperforms 57.14% 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.
With a decent Debt to FCF ratio value of 3.74, CAAP is doing good in 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.
Looking at the Debt to Equity ratio, with a value of 0.72, CAAP is in the better half of 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/WACC1.59
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.
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 42.86% 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 -65.32% in the last year.
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.
The Revenue has grown by 54.52% in the past year. This is a very strong growth!
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)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 17.61% on average per year.
The Revenue is expected to grow by 2.52% on average over the next years.
EPS Next Y8.89%
EPS Next 2Y19.33%
EPS Next 3Y17.61%
EPS Next 5YN/A
Revenue Next Year2.8%
Revenue Next 2Y7.77%
Revenue Next 3Y10.03%
Revenue Next 5Y2.52%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
CAAP is valuated rather expensively with a Price/Earnings ratio of 22.44.
Compared to the rest of the industry, the Price/Earnings ratio of CAAP is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 27.30, CAAP is valued at the same level.
CAAP is valuated reasonably with a Price/Forward Earnings ratio of 8.69.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CAAP indicates a rather cheap valuation: CAAP is cheaper than 100.00% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.76. CAAP is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.44 | ||
| Fwd PE | 8.69 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CAAP is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
100.00% of the companies in the same industry are more expensive than CAAP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.11 | ||
| EV/EBITDA | 4.99 |
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 17.61% in the coming years.
PEG (NY)2.52
PEG (5Y)0.93
EPS Next 2Y19.33%
EPS Next 3Y17.61%
5. Dividend
5.1 Amount
CAAP does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
19.3
-0.61 (-3.06%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners14.49%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap3.15B
Analysts84.62
Price Target23.27 (20.57%)
Short Float %5.18%
Short Ratio11.53
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)6.79%
PT rev (3m)5.83%
EPS NQ rev (1m)-8.08%
EPS NQ rev (3m)-8.08%
EPS NY rev (1m)-2.89%
EPS NY rev (3m)-14.27%
Revenue NQ rev (1m)1.27%
Revenue NQ rev (3m)-0.82%
Revenue NY rev (1m)-0.54%
Revenue NY rev (3m)-9.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.44 | ||
| Fwd PE | 8.69 | ||
| P/S | 1.36 | ||
| P/FCF | 10.11 | ||
| P/OCF | 9.68 | ||
| P/B | 2.16 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.99 |
EPS(TTM)0.86
EY4.46%
EPS(NY)2.22
Fwd EY11.51%
FCF(TTM)1.91
FCFY9.89%
OCF(TTM)1.99
OCFY10.33%
SpS14.23
BVpS8.93
TBVpS-11.24
PEG (NY)2.52
PEG (5Y)0.93
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
WACC7.1%
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 Y8.89%
EPS Next 2Y19.33%
EPS Next 3Y17.61%
EPS Next 5YN/A
Revenue 1Y (TTM)54.52%
Revenue growth 3Y37.64%
Revenue growth 5Y3.41%
Sales Q2Q%3.41%
Revenue Next Year2.8%
Revenue Next 2Y7.77%
Revenue Next 3Y10.03%
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