CORP AMERICA AIRPORTS SA (CAAP) Stock Fundamental Analysis
NYSE:CAAP - LU1756447840 - Common Stock
20.75 USD
-0.15 (-0.72%)
20.75 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to CAAP. 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 correct valuation and a medium growth rate.
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
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 comparable to the rest of the industry.
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 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
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.
CAAP has a Operating Margin (23.35%) which is comparable to the rest of the industry.
CAAP's Operating Margin has improved in the last couple of years.
CAAP has a worse Gross Margin (33.28%) 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
CAAP has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for CAAP remains at a similar level compared to 1 year ago.
CAAP has more shares outstanding than it did 5 years ago.
CAAP has a better debt/assets ratio than last year.
2.2 Solvency
CAAP has an Altman-Z score of 2.54. 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.
With a Altman-Z score value of 2.54, 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.
A Debt/Equity ratio of 0.72 indicates that CAAP is somewhat dependend on debt financing.
CAAP has a Debt to Equity ratio of 0.72. This is in the better half of the industry: CAAP outperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 3.74 | ||
| Altman-Z | 2.54 |
ROIC/WACC1.59
WACC7.11%
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.
CAAP has a Current ratio of 1.39. This is comparable to the rest of the industry: CAAP outperforms 50.00% of its industry peers.
A Quick Ratio of 1.37 indicates that CAAP should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.37, CAAP perfoms like the industry average, 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
CAAP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -63.98%.
The Earnings Per Share has been growing by 24.10% on average over the past years. This is a very strong growth
The Revenue has grown by 31.66% in the past year. This is a very strong growth!
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)31.66%
Revenue growth 3Y37.64%
Revenue growth 5Y3.41%
Sales Q2Q%14.56%
3.2 Future
Based on estimates for the next years, CAAP will show a very strong growth in Earnings Per Share. The EPS will grow by 20.30% 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 Y2.28%
EPS Next 2Y19.93%
EPS Next 3Y20.3%
EPS Next 5YN/A
Revenue Next Year4.48%
Revenue Next 2Y8.65%
Revenue Next 3Y8.21%
Revenue Next 5Y2.52%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
CAAP is valuated rather expensively with a Price/Earnings ratio of 24.41.
Based on the Price/Earnings ratio, CAAP is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.14. CAAP is around the same levels.
Based on the Price/Forward Earnings ratio of 9.25, the valuation of CAAP can be described as reasonable.
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.
When comparing the Price/Forward Earnings ratio of CAAP to the average of the S&P500 Index (22.80), we can say CAAP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.41 | ||
| Fwd PE | 9.25 |
4.2 Price Multiples
100.00% of the companies in the same industry are more expensive than CAAP, based on the Enterprise Value to EBITDA ratio.
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 | 11.01 | ||
| EV/EBITDA | 5.23 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as CAAP's earnings are expected to grow with 20.30% in the coming years.
PEG (NY)10.72
PEG (5Y)1.01
EPS Next 2Y19.93%
EPS Next 3Y20.3%
5. Dividend
5.1 Amount
No dividends for CAAP!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
20.75
-0.15 (-0.72%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners14.64%
Inst Owner Change1.63%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap3.38B
Analysts84.62
Price Target23.56 (13.54%)
Short Float %4.94%
Short Ratio15.19
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)1.24%
PT rev (3m)8.11%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.45%
EPS NY rev (1m)0.48%
EPS NY rev (3m)-8.79%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.74%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)-0.75%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.41 | ||
| Fwd PE | 9.25 | ||
| P/S | 1.48 | ||
| P/FCF | 11.01 | ||
| P/OCF | 10.53 | ||
| P/B | 2.35 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.23 |
EPS(TTM)0.85
EY4.1%
EPS(NY)2.24
Fwd EY10.81%
FCF(TTM)1.89
FCFY9.09%
OCF(TTM)1.97
OCFY9.49%
SpS14.06
BVpS8.82
TBVpS-11.1
PEG (NY)10.72
PEG (5Y)1.01
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 | 2.54 |
F-Score5
WACC7.11%
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)-63.98%
EPS 3YN/A
EPS 5Y24.1%
EPS Q2Q%-3.23%
EPS Next Y2.28%
EPS Next 2Y19.93%
EPS Next 3Y20.3%
EPS Next 5YN/A
Revenue 1Y (TTM)31.66%
Revenue growth 3Y37.64%
Revenue growth 5Y3.41%
Sales Q2Q%14.56%
Revenue Next Year4.48%
Revenue Next 2Y8.65%
Revenue Next 3Y8.21%
Revenue Next 5Y2.52%
EBIT growth 1Y19.07%
EBIT growth 3YN/A
EBIT growth 5Y10.09%
EBIT Next Year46.74%
EBIT Next 3Y21.89%
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