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FRAPORT AG FRANKFURT AIRPORT (FRA.DE) Stock Fundamental Analysis

Europe - FRA:FRA - DE0005773303 - Common Stock

77.5 EUR
-0.7 (-0.9%)
Last: 10/17/2025, 5:35:15 PM
Fundamental Rating

3

FRA gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 14 industry peers in the Transportation Infrastructure industry. There are concerns on the financial health of FRA while its profitability can be described as average. FRA is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

In the past year FRA was profitable.
FRA had a positive operating cash flow in the past year.
Of the past 5 years FRA 4 years were profitable.
Of the past 5 years FRA 4 years had a positive operating cash flow.
FRA.DE Yearly Net Income VS EBIT VS OCF VS FCFFRA.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B -1B

1.2 Ratios

FRA has a Return On Assets (1.99%) which is comparable to the rest of the industry.
FRA has a Return On Equity (8.19%) which is in line with its industry peers.
FRA's Return On Invested Capital of 3.31% is on the low side compared to the rest of the industry. FRA is outperformed by 78.57% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FRA is significantly below the industry average of 8.27%.
The 3 year average ROIC (2.83%) for FRA is below the current ROIC(3.31%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 1.99%
ROE 8.19%
ROIC 3.31%
ROA(3y)1.69%
ROA(5y)0.18%
ROE(3y)7.27%
ROE(5y)1.17%
ROIC(3y)2.83%
ROIC(5y)N/A
FRA.DE Yearly ROA, ROE, ROICFRA.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 -10 -15

1.3 Margins

The Profit Margin of FRA (9.03%) is comparable to the rest of the industry.
FRA's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 17.53%, FRA is in line with its industry, outperforming 57.14% of the companies in the same industry.
In the last couple of years the Operating Margin of FRA has declined.
The Gross Margin of FRA (62.69%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of FRA has remained more or less at the same level.
Industry RankSector Rank
OM 17.53%
PM (TTM) 9.03%
GM 62.69%
OM growth 3YN/A
OM growth 5Y-2.66%
PM growth 3Y38.12%
PM growth 5Y-2.16%
GM growth 3Y-0.21%
GM growth 5Y0.11%
FRA.DE Yearly Profit, Operating, Gross MarginsFRA.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50

3

2. Health

2.1 Basic Checks

FRA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, FRA has about the same amount of shares outstanding.
The number of shares outstanding for FRA remains at a similar level compared to 5 years ago.
Compared to 1 year ago, FRA has an improved debt to assets ratio.
FRA.DE Yearly Shares OutstandingFRA.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
FRA.DE Yearly Total Debt VS Total AssetsFRA.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.2 Solvency

FRA has an Altman-Z score of 1.01. This is a bad value and indicates that FRA is not financially healthy and even has some risk of bankruptcy.
FRA's Altman-Z score of 1.01 is on the low side compared to the rest of the industry. FRA is outperformed by 78.57% of its industry peers.
A Debt/Equity ratio of 2.46 is on the high side and indicates that FRA has dependencies on debt financing.
FRA has a Debt to Equity ratio of 2.46. This is in the lower half of the industry: FRA underperforms 78.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.46
Debt/FCF N/A
Altman-Z 1.01
ROIC/WACC0.99
WACC3.36%
FRA.DE Yearly LT Debt VS Equity VS FCFFRA.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B 8B 10B

2.3 Liquidity

A Current Ratio of 1.60 indicates that FRA should not have too much problems paying its short term obligations.
FRA's Current ratio of 1.60 is fine compared to the rest of the industry. FRA outperforms 64.29% of its industry peers.
A Quick Ratio of 1.59 indicates that FRA should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.59, FRA is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.6
Quick Ratio 1.59
FRA.DE Yearly Current Assets VS Current LiabilitesFRA.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

4

3. Growth

3.1 Past

The earnings per share for FRA have decreased strongly by -14.57% in the last year.
Measured over the past 5 years, FRA shows a small growth in Earnings Per Share. The EPS has been growing by 1.50% on average per year.
The Revenue has been growing slightly by 3.38% in the past year.
The Revenue has been growing slightly by 3.62% on average over the past years.
EPS 1Y (TTM)-14.57%
EPS 3Y76.46%
EPS 5Y1.5%
EPS Q2Q%-17.24%
Revenue 1Y (TTM)3.38%
Revenue growth 3Y27.35%
Revenue growth 5Y3.62%
Sales Q2Q%-2.36%

3.2 Future

Based on estimates for the next years, FRA will show a small growth in Earnings Per Share. The EPS will grow by 6.88% on average per year.
The Revenue is expected to grow by 3.44% on average over the next years.
EPS Next Y-8.82%
EPS Next 2Y-6.37%
EPS Next 3Y-1.31%
EPS Next 5Y6.88%
Revenue Next Year0.63%
Revenue Next 2Y1.79%
Revenue Next 3Y2.61%
Revenue Next 5Y3.44%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
FRA.DE Yearly Revenue VS EstimatesFRA.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1B 2B 3B 4B 5B
FRA.DE Yearly EPS VS EstimatesFRA.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 5 -5

2

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 18.11, FRA is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of FRA is on the same level as its industry peers.
When comparing the Price/Earnings ratio of FRA to the average of the S&P500 Index (27.29), we can say FRA is valued slightly cheaper.
A Price/Forward Earnings ratio of 18.08 indicates a rather expensive valuation of FRA.
The rest of the industry has a similar Price/Forward Earnings ratio as FRA.
FRA's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.85.
Industry RankSector Rank
PE 18.11
Fwd PE 18.08
FRA.DE Price Earnings VS Forward Price EarningsFRA.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

78.57% of the companies in the same industry are cheaper than FRA, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.12
FRA.DE Per share dataFRA.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)12.1
EPS Next 2Y-6.37%
EPS Next 3Y-1.31%

0

5. Dividend

5.1 Amount

FRA does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

FRAPORT AG FRANKFURT AIRPORT

FRA:FRA (10/17/2025, 5:35:15 PM)

77.5

-0.7 (-0.9%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)08-05 2025-08-05/dmh
Earnings (Next)11-11 2025-11-11
Inst Owners34.47%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap7.17B
Analysts72.8
Price Target73.37 (-5.33%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)1
Avg EPS beat(2)6.54%
Min EPS beat(2)-15.64%
Max EPS beat(2)28.71%
EPS beat(4)3
Avg EPS beat(4)6.72%
Min EPS beat(4)-15.64%
Max EPS beat(4)28.71%
EPS beat(8)7
Avg EPS beat(8)200.67%
EPS beat(12)8
Avg EPS beat(12)160.92%
EPS beat(16)11
Avg EPS beat(16)129.98%
Revenue beat(2)1
Avg Revenue beat(2)0.46%
Min Revenue beat(2)-0.58%
Max Revenue beat(2)1.49%
Revenue beat(4)3
Avg Revenue beat(4)1.16%
Min Revenue beat(4)-0.58%
Max Revenue beat(4)3.46%
Revenue beat(8)6
Avg Revenue beat(8)3.14%
Revenue beat(12)10
Avg Revenue beat(12)4.69%
Revenue beat(16)13
Avg Revenue beat(16)4.16%
PT rev (1m)0.84%
PT rev (3m)11.27%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.6%
EPS NY rev (1m)-0.86%
EPS NY rev (3m)-10.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.67%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)-0.29%
Valuation
Industry RankSector Rank
PE 18.11
Fwd PE 18.08
P/S 1.64
P/FCF N/A
P/OCF 6.21
P/B 1.48
P/tB 19.96
EV/EBITDA 13.12
EPS(TTM)4.28
EY5.52%
EPS(NY)4.29
Fwd EY5.53%
FCF(TTM)-6.37
FCFYN/A
OCF(TTM)12.48
OCFY16.1%
SpS47.35
BVpS52.2
TBVpS3.88
PEG (NY)N/A
PEG (5Y)12.1
Profitability
Industry RankSector Rank
ROA 1.99%
ROE 8.19%
ROCE 4.37%
ROIC 3.31%
ROICexc 3.98%
ROICexgc 5.73%
OM 17.53%
PM (TTM) 9.03%
GM 62.69%
FCFM N/A
ROA(3y)1.69%
ROA(5y)0.18%
ROE(3y)7.27%
ROE(5y)1.17%
ROIC(3y)2.83%
ROIC(5y)N/A
ROICexc(3y)3.5%
ROICexc(5y)N/A
ROICexgc(3y)5.15%
ROICexgc(5y)N/A
ROCE(3y)3.74%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-6.02%
ROICexc growth 3YN/A
ROICexc growth 5Y-5.73%
OM growth 3YN/A
OM growth 5Y-2.66%
PM growth 3Y38.12%
PM growth 5Y-2.16%
GM growth 3Y-0.21%
GM growth 5Y0.11%
F-Score6
Asset Turnover0.22
Health
Industry RankSector Rank
Debt/Equity 2.46
Debt/FCF N/A
Debt/EBITDA 9.17
Cap/Depr 329.84%
Cap/Sales 39.82%
Interest Coverage 3.23
Cash Conversion 89.06%
Profit Quality N/A
Current Ratio 1.6
Quick Ratio 1.59
Altman-Z 1.01
F-Score6
WACC3.36%
ROIC/WACC0.99
Cap/Depr(3y)302.65%
Cap/Depr(5y)282.52%
Cap/Sales(3y)39%
Cap/Sales(5y)47.5%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-14.57%
EPS 3Y76.46%
EPS 5Y1.5%
EPS Q2Q%-17.24%
EPS Next Y-8.82%
EPS Next 2Y-6.37%
EPS Next 3Y-1.31%
EPS Next 5Y6.88%
Revenue 1Y (TTM)3.38%
Revenue growth 3Y27.35%
Revenue growth 5Y3.62%
Sales Q2Q%-2.36%
Revenue Next Year0.63%
Revenue Next 2Y1.79%
Revenue Next 3Y2.61%
Revenue Next 5Y3.44%
EBIT growth 1Y0.26%
EBIT growth 3YN/A
EBIT growth 5Y0.87%
EBIT Next Year73.75%
EBIT Next 3Y26.03%
EBIT Next 5Y15.97%
FCF growth 1Y-28.07%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y38.03%
OCF growth 3Y41.52%
OCF growth 5Y4.61%