Corporación América Airports Valuation

Q: What is the Fair Price of CAAP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CAAP (ARS81900) is trading below our estimate of [[fair value]] (ARS192758.38)

Is CAAP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CAAP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CAAP (ARS81900) is trading below our estimate of fair value (ARS192758.38)

Significantly Below Fair Value: CAAP is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CAAP?

Key metric: As CAAP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CAAP. This is calculated by dividing CAAP's market cap by their current earnings.
What is CAAP's PE Ratio?
PE Ratio	9x
Earnings	US$336.84m
Market Cap	US$3.04b

CAAP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.6x
Enterprise Value/EBITDA	6.7x
PEG Ratio	1.5x

Price to Earnings Ratio vs Peers

How does CAAP's PE Ratio compare to its peers?

The above table shows the PE ratio for CAAP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	21.2x
AIA Athens International Airport	10.2x	-8.6%	€2.4b
OMA B Grupo Aeroportuario del Centro Norte. de	12.2x	11.3%	Mex$64.3b
KBHL Københavns Lufthavne	37.4x	n/a	DKK 28.8b
S59 SIA Engineering	25.2x	13.5%	S$2.7b
CAAP Corporación América Airports	9x	5.9%	AR$3.0b

Price-To-Earnings vs Peers: CAAP is good value based on its Price-To-Earnings Ratio (9x) compared to the peer average (21.2x).

Price to Earnings Ratio vs Industry

How does CAAP's PE Ratio compare vs other companies in the Global Infrastructure Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: CAAP is good value based on its Price-To-Earnings Ratio (9x) compared to the Global Infrastructure industry average (14.2x).

Price to Earnings Ratio vs Fair Ratio

What is CAAP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CAAP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CAAP's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.