COPA HOLDINGS SA-CLASS A (CPA) Stock Fundamental Analysis
USA - NYSE:CPA - PAP310761054 - Common Stock
116.21 USD
+0.09 (+0.08%)
116.564 USD
+0.35 (+0.3%)
Overall CPA gets a fundamental rating of 7 out of 10. We evaluated CPA against 21 industry peers in the Passenger Airlines industry. CPA gets an excellent profitability rating and is at the same time showing great financial health properties. CPA scores decently on growth, while it is valued quite cheap. This could make an interesting combination. These ratings could make CPA a good candidate for value investing.
1. Profitability
1.1 Basic Checks
CPA had positive earnings in the past year.
CPA had a positive operating cash flow in the past year.
CPA had positive earnings in 4 of the past 5 years.
CPA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CPA has a Return On Assets of 10.62%. This is amongst the best in the industry. CPA outperforms 95.24% of its industry peers.
CPA has a better Return On Equity (24.90%) than 85.71% of its industry peers.
With an excellent Return On Invested Capital value of 14.13%, CPA belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
CPA had an Average Return On Invested Capital over the past 3 years of 14.48%. This is in line with the industry average of 14.49%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.62% | ||
| ROE | 24.9% | ||
| ROIC | 14.13% |
ROA(3y)9.3%
ROA(5y)2.64%
ROE(3y)24.4%
ROE(5y)5.85%
ROIC(3y)14.48%
ROIC(5y)N/A
1.3 Margins
With an excellent Profit Margin value of 18.34%, 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 Profit Margin of CPA has grown nicely.
CPA's Operating Margin of 22.10% is amongst the best of the industry. CPA outperforms 100.00% of its industry peers.
CPA's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 62.33%, CPA is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
In the last couple of years the Gross Margin of CPA has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.1% | ||
| PM (TTM) | 18.34% | ||
| GM | 62.33% |
OM growth 3Y31.04%
OM growth 5Y6.32%
PM growth 3Y82.55%
PM growth 5Y14.1%
GM growth 3Y-0.59%
GM growth 5Y-0.26%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CPA is still creating some value.
The number of shares outstanding for CPA has been reduced compared to 1 year ago.
The number of shares outstanding for CPA has been reduced compared to 5 years ago.
CPA has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.46 indicates that CPA is not a great score, but indicates only limited risk for bankruptcy at the moment.
With an excellent Altman-Z score value of 2.46, CPA belongs to the best of the industry, outperforming 90.48% of the companies in the same industry.
CPA has a debt to FCF ratio of 3.39. This is a good value and a sign of high solvency as CPA would need 3.39 years to pay back of all of its debts.
CPA has a Debt to FCF ratio of 3.39. This is amongst the best in the industry. CPA outperforms 95.24% of its industry peers.
CPA has a Debt/Equity ratio of 0.69. This is a neutral value indicating CPA is somewhat dependend on debt financing.
CPA has a Debt to Equity ratio of 0.69. This is amongst the best in the industry. CPA outperforms 80.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 3.39 | ||
| Altman-Z | 2.46 |
ROIC/WACC1.6
WACC8.82%
2.3 Liquidity
A Current Ratio of 1.04 indicates that CPA should not have too much problems paying its short term obligations.
CPA has a better Current ratio (1.04) than 90.48% of its industry peers.
CPA has a Quick Ratio of 1.04. 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 Quick ratio, with a value of 0.93, CPA belongs to the top of the industry, outperforming 90.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.93 |
3. Growth
3.1 Past
CPA shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.45%.
CPA shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.92% yearly.
CPA shows a decrease in Revenue. In the last year, the revenue decreased by -0.52%.
The Revenue has been growing slightly by 4.94% on average over the past years.
EPS 1Y (TTM)-3.45%
EPS 3Y492.5%
EPS 5Y12.92%
EPS Q2Q%25.35%
Revenue 1Y (TTM)-0.52%
Revenue growth 3Y31.66%
Revenue growth 5Y4.94%
Sales Q2Q%2.83%
3.2 Future
The Earnings Per Share is expected to grow by 11.47% on average over the next years. This is quite good.
The Revenue is expected to grow by 7.18% on average over the next years.
EPS Next Y14.17%
EPS Next 2Y11.95%
EPS Next 3Y11.47%
EPS Next 5YN/A
Revenue Next Year5%
Revenue Next 2Y7%
Revenue Next 3Y7.18%
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 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 7.56, the valuation of CPA can be described as very cheap.
CPA's Price/Earnings ratio is rather cheap when compared to the industry. CPA is cheaper than 100.00% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.20. CPA is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 6.37, 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 95.24% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.71, CPA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.56 | ||
| Fwd PE | 6.37 |
4.2 Price Multiples
80.95% of the companies in the same industry are more expensive than CPA, based on the Enterprise Value to EBITDA ratio.
85.71% of the companies in the same industry are more expensive than CPA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.89 | ||
| EV/EBITDA | 4.61 |
4.3 Compensation for Growth
CPA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of CPA may justify a higher PE ratio.
PEG (NY)0.53
PEG (5Y)0.58
EPS Next 2Y11.95%
EPS Next 3Y11.47%
5. Dividend
5.1 Amount
CPA has a Yearly Dividend Yield of 5.49%, which is a nice return.
Compared to an average industry Dividend Yield of 2.71, CPA pays a better dividend. On top of this CPA pays more dividend than 100.00% 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 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.49% |
5.2 History
On average, the dividend of CPA grows each year by 17.30%, which is quite nice.
CPA has been paying a dividend for at least 10 years, so it has a reliable track record.
CPA has decreased its dividend recently.
Dividend Growth(5Y)17.3%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
The dividend of CPA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DPN/A
EPS Next 2Y11.95%
EPS Next 3Y11.47%
116.21
+0.09 (+0.08%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners99.95%
Inst Owner Change1.71%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.78B
Analysts83.33
Price Target159.67 (37.4%)
Short Float %5.67%
Short Ratio5.62
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.49% |
Yearly Dividend6.47
Dividend Growth(5Y)17.3%
DPN/A
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.57%
Min EPS beat(2)6.41%
Max EPS beat(2)6.74%
EPS beat(4)3
Avg EPS beat(4)4.13%
Min EPS beat(4)-1.23%
Max EPS beat(4)6.74%
EPS beat(8)7
Avg EPS beat(8)8.32%
EPS beat(12)11
Avg EPS beat(12)9.51%
EPS beat(16)15
Avg EPS beat(16)40.4%
Revenue beat(2)1
Avg Revenue beat(2)-0.41%
Min Revenue beat(2)-1.05%
Max Revenue beat(2)0.22%
Revenue beat(4)1
Avg Revenue beat(4)-0.92%
Min Revenue beat(4)-1.82%
Max Revenue beat(4)0.22%
Revenue beat(8)3
Avg Revenue beat(8)-0.5%
Revenue beat(12)5
Avg Revenue beat(12)-0.38%
Revenue beat(16)9
Avg Revenue beat(16)0.64%
PT rev (1m)0.2%
PT rev (3m)1.45%
EPS NQ rev (1m)0.26%
EPS NQ rev (3m)-2.75%
EPS NY rev (1m)0.02%
EPS NY rev (3m)1.04%
Revenue NQ rev (1m)-0.22%
Revenue NQ rev (3m)0.61%
Revenue NY rev (1m)0.38%
Revenue NY rev (3m)0.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.56 | ||
| Fwd PE | 6.37 | ||
| P/S | 1.38 | ||
| P/FCF | 7.89 | ||
| P/OCF | 4.73 | ||
| P/B | 1.87 | ||
| P/tB | 1.94 | ||
| EV/EBITDA | 4.61 |
EPS(TTM)15.38
EY13.23%
EPS(NY)18.25
Fwd EY15.7%
FCF(TTM)14.72
FCFY12.67%
OCF(TTM)24.56
OCFY21.14%
SpS84.49
BVpS62.24
TBVpS59.84
PEG (NY)0.53
PEG (5Y)0.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.62% | ||
| ROE | 24.9% | ||
| ROCE | 16.6% | ||
| ROIC | 14.13% | ||
| ROICexc | 18.03% | ||
| ROICexgc | 18.54% | ||
| OM | 22.1% | ||
| PM (TTM) | 18.34% | ||
| GM | 62.33% | ||
| FCFM | 17.42% |
ROA(3y)9.3%
ROA(5y)2.64%
ROE(3y)24.4%
ROE(5y)5.85%
ROIC(3y)14.48%
ROIC(5y)N/A
ROICexc(3y)19.38%
ROICexc(5y)N/A
ROICexgc(3y)20.04%
ROICexgc(5y)N/A
ROCE(3y)17.01%
ROCE(5y)N/A
ROICexcg growth 3Y42.26%
ROICexcg growth 5Y4.3%
ROICexc growth 3Y42.93%
ROICexc growth 5Y4.63%
OM growth 3Y31.04%
OM growth 5Y6.32%
PM growth 3Y82.55%
PM growth 5Y14.1%
GM growth 3Y-0.59%
GM growth 5Y-0.26%
F-Score5
Asset Turnover0.58
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 3.39 | ||
| Debt/EBITDA | 1.61 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 91.97% | ||
| Profit Quality | 94.99% | ||
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.93 | ||
| Altman-Z | 2.46 |
F-Score5
WACC8.82%
ROIC/WACC1.6
Cap/Depr(3y)168.74%
Cap/Depr(5y)124.12%
Cap/Sales(3y)15.49%
Cap/Sales(5y)13.7%
Profit Quality(3y)92.06%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.45%
EPS 3Y492.5%
EPS 5Y12.92%
EPS Q2Q%25.35%
EPS Next Y14.17%
EPS Next 2Y11.95%
EPS Next 3Y11.47%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.52%
Revenue growth 3Y31.66%
Revenue growth 5Y4.94%
Sales Q2Q%2.83%
Revenue Next Year5%
Revenue Next 2Y7%
Revenue Next 3Y7.18%
Revenue Next 5YN/A
EBIT growth 1Y-3.39%
EBIT growth 3Y72.54%
EBIT growth 5Y11.57%
EBIT Next Year59.1%
EBIT Next 3Y23.74%
EBIT Next 5YN/A
FCF growth 1Y-28.84%
FCF growth 3Y5.63%
FCF growth 5Y-13.35%
OCF growth 1Y18.74%
OCF growth 3Y25.25%
OCF growth 5Y4.9%