COPA HOLDINGS SA-CLASS A (CPA)
PAP310761054 - Common Stock
CPA gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 24 industry peers in the Passenger Airlines industry. Both the health and profitability get an excellent rating, making CPA a very profitable company, without any liquidiy or solvency issues. CPA is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings would make CPA suitable for value and quality investing!
1. Profitability
1.1 Basic Checks
In the past year CPA was profitable.
In the past year CPA had a positive cash flow from operations.
CPA had positive earnings in 4 of the past 5 years.
Each year in the past 5 years CPA had a positive operating cash flow.
1.2 Ratios
CPA has a Return On Assets of 9.97%. This is amongst the best in the industry. CPA outperforms 95.83% of its industry peers.
The Return On Equity of CPA (24.37%) is better than 87.50% of its industry peers.
With an excellent Return On Invested Capital value of 18.31%, CPA belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CPA is above the industry average of 9.03%.
The 3 year average ROIC (11.16%) for CPA is below the current ROIC(18.31%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.97% | ||
| ROE | 24.37% | ||
| ROIC | 18.31% |
ROA(3y)6.14%
ROA(5y)1.67%
ROE(3y)17.02%
ROE(5y)3.31%
ROIC(3y)11.16%
ROIC(5y)N/A
1.3 Margins
With an excellent Profit Margin value of 14.97%, CPA belongs to the best of the industry, outperforming 95.83% of the companies in the same industry.
In the last couple of years the Profit Margin of CPA has grown nicely.
With an excellent Operating Margin value of 23.45%, CPA belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Operating Margin of CPA has grown nicely.
The Gross Margin of CPA (60.99%) is better than 66.67% of its industry peers.
CPA's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.45% | ||
| PM (TTM) | 14.97% | ||
| GM | 60.99% |
OM growth 3YN/A
OM growth 5Y12.52%
PM growth 3YN/A
PM growth 5Y35.37%
GM growth 3Y-0.63%
GM growth 5Y0.23%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so CPA is creating value.
CPA has more shares outstanding than it did 1 year ago.
CPA has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, CPA has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.56 indicates that CPA is not a great score, but indicates only limited risk for bankruptcy at the moment.
CPA's Altman-Z score of 2.56 is amongst the best of the industry. CPA outperforms 83.33% of its industry peers.
CPA has a debt to FCF ratio of 1.71. This is a very positive value and a sign of high solvency as it would only need 1.71 years to pay back of all of its debts.
CPA has a Debt to FCF ratio of 1.71. This is amongst the best in the industry. CPA outperforms 100.00% of its industry peers.
A Debt/Equity ratio of 0.68 indicates that CPA is somewhat dependend on debt financing.
The Debt to Equity ratio of CPA (0.68) is better than 70.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 1.71 | ||
| Altman-Z | 2.56 |
ROIC/WACC2.24
WACC8.18%
2.3 Liquidity
CPA has a Current Ratio of 0.94. This is a bad value and indicates that CPA is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.94, CPA belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
CPA has a Quick Ratio of 0.94. This is a bad value and indicates that CPA is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of CPA (0.86) is better than 79.17% of its industry peers.
CPA does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.86 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 99.17% over the past year.
Measured over the past years, CPA shows a quite strong growth in Earnings Per Share. The EPS has been growing by 19.79% on average per year.
Looking at the last year, CPA shows a quite strong growth in Revenue. The Revenue has grown by 16.73% in the last year.
Measured over the past years, CPA shows a small growth in Revenue. The Revenue has been growing by 5.27% on average per year.
EPS 1Y (TTM)99.17%
EPS 3YN/A
EPS 5Y19.79%
EPS growth Q2Q-0.45%
Revenue 1Y (TTM)16.73%
Revenue growth 3Y62.88%
Revenue growth 5Y5.27%
Revenue growth Q2Q2.96%
3.2 Future
CPA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.90% yearly.
CPA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.51% yearly.
EPS Next Y0.09%
EPS Next 2Y3.11%
EPS Next 3Y4.9%
EPS Next 5YN/A
Revenue Next Year8.11%
Revenue Next 2Y7.74%
Revenue Next 3Y7.51%
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 decreasing.
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
The Price/Earnings ratio is 6.01, which indicates a rather cheap valuation of CPA.
Compared to the rest of the industry, the Price/Earnings ratio of CPA indicates a rather cheap valuation: CPA is cheaper than 91.67% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.28, CPA is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 6.00, the valuation of CPA can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CPA indicates a rather cheap valuation: CPA is cheaper than 91.67% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.88. CPA is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.01 | ||
| Fwd PE | 6 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CPA indicates a rather cheap valuation: CPA is cheaper than 95.83% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.15 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of CPA may justify a higher PE ratio.
PEG (NY)70.4
PEG (5Y)0.3
EPS Next 2Y3.11%
EPS Next 3Y4.9%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.50%, CPA is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.24, CPA pays a better dividend. On top of this CPA pays more dividend than 95.83% of the companies listed in the same industry.
CPA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.5% |
5.2 History
The dividend of CPA decreases each year by -25.22%.
CPA has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-25.22%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DPN/A
EPS Next 2Y3.11%
EPS Next 3Y4.9%
COPA HOLDINGS SA-CLASS A
NYSE:CPA (5/3/2024, 7:04:00 PM)
After market: 100.75 0 (0%)100.75
+0.08 (+0.08%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap4.23B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.5% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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Min EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.01 | ||
| Fwd PE | 6 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)70.4
PEG (5Y)0.3
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.97% | ||
| ROE | 24.37% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 23.45% | ||
| PM (TTM) | 14.97% | ||
| GM | 60.99% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.67
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.86 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)99.17%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y0.09%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)16.73%
Revenue growth 3Y62.88%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y