Fraport Management
Management criteria checks 4/4
We currently do not have sufficient information about the CEO.
Key information
Stefan Schulte
Chief executive officer
€2.4m
Total compensation
| CEO salary percentage | 32.40% |
| CEO tenure | 23.4yrs |
| CEO ownership | n/a |
| Management average tenure | 6.9yrs |
| Board average tenure | 7.8yrs |
Recent management updates
Recent updates
Narrative Update • Jun 01
FRA: Traffic Disruptions And Mixed Ratings Will Shape Fairly Valued Shares
Analysts have gently trimmed their average price targets on Fraport to around €78.80 from about €77.82. This reflects slightly lower revenue growth assumptions, a modestly reduced discount rate and a small uplift in expected profit margins, with recent research pointing to mixed rating actions but valuation seen as more in line with fundamentals after the share price correction.
Narrative Update • May 08
FRA: Future Upside Will Likely Be Capped By Execution And Traffic Risks
Narrative update on Fraport Analysts have nudged their average price target on Fraport higher by about €3. This is supported by revised assumptions for discount rates, revenue growth, profit margins and a higher future P/E multiple, even as views on the stock's rating remain mixed.Analysis Article • May 08
Fraport AG (ETR:FRA) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
It's been a good week for Fraport AG ( ETR:FRA ) shareholders, because the company has just released its latest...
Narrative Update • Apr 22
FRA: Higher Future P E Assumptions Will Support Constructive Re Rating
Analysts have nudged their price targets for Fraport higher, with recent moves including a €1 increase to €82 and another €3 raise, citing updated assumptions on discount rates, revenue growth, profit margins, and future P/E expectations. Analyst Commentary Bullish analysts are signaling a constructive stance on Fraport, with recent research highlighting higher valuation ranges and a more supportive view on execution and earnings power.Narrative Update • Apr 08
FRA: Recent Upgrade And Higher P E Assumptions Will Support Re Rating
Narrative Update: Fraport Analyst Price Target Shift Fraport's analyst price targets have edged higher, with recent street research pointing to incremental increases of up to €3 as analysts factor in updated assumptions on discount rates, revenue growth, profit margins and future P/E levels. Analyst Commentary Recent research on Fraport has leaned constructive, with several price target changes and an upgrade pointing to a more supportive backdrop for the shares.Narrative Update • Mar 25
FRA: Reset Fair Value And Recent Upgrade Will Support Higher P E
Analysts have reset the fair value estimate for Fraport from €98.82 to €95.00, reflecting modestly higher revenue growth and profit margin assumptions as well as slightly lower future P/E expectations, which are aligned with recent price target increases from firms such as Morgan Stanley and Deutsche Bank and an upgrade at Jefferies. Analyst Commentary Recent Street research on Fraport shows a series of upward tweaks to price targets and a fresh upgrade, which together point to a more constructive tone around the shares.Narrative Update • Mar 10
FRA: Mixed Rating Shifts Will Shape Fairly Valued Shares On P/E Sensitivities
Analysts have lifted their price expectations for Fraport, with the updated fair value estimate moving from about €75.55 to roughly €77.82, citing adjustments to long term growth assumptions, profit outlook and the P/E multiple they apply. Analyst Commentary Recent Street research around Fraport has focused on fine tuning price targets and reassessing how much investors might be willing to pay for the company on a P/E basis, rather than pointing to any single new data point.Narrative Update • Feb 24
FRA: Upgraded Research Stance Will Support Higher Future P E Expectations
Analysts have raised their fair value estimate for Fraport from €92.35 to €98.82. This reflects updated assumptions for discount rates, revenue growth, profit margins and future P/E, which are aligned with recent price target increases and a rating upgrade in Street research.Narrative Update • Feb 10
FRA: Future Upside Will Likely Be Capped By Rich Execution Risk
Narrative Update on Fraport Analysts have inched their price targets for Fraport higher by around €1 in recent updates, citing modest changes to long term assumptions for revenue growth, profit margins and the P/E they apply to the shares. Analyst Commentary Recent research on Fraport has mixed signals for you as an investor.Narrative Update • Jan 27
FRA: Future Upside Will Likely Be Limited By Rich Execution Risk
Narrative update Our analyst price target for Fraport moves by €1 to reflect a fair value adjustment from €60.0 to €61.0. Analysts point to updated revenue growth, profit margin and future P/E assumptions in line with recent target changes from the Street. Analyst Commentary Recent Street research on Fraport shows a mix of views, with some analysts adjusting price targets higher while others flag valuation and execution risks.Narrative Update • Jan 11
FRA: Mixed Ratings Will Frame Fairly Valued Shares On Execution Sensitivities
Analysts have nudged their price expectations for Fraport slightly higher, with the target implied by our updated model moving from about €75.33 to €75.55. This is supported by recent Street research that includes modest target increases alongside mixed rating changes, as views consolidate around fair value and improved profitability assumptions.Analysis Article • Dec 28
Fraport AG's (ETR:FRA) Intrinsic Value Is Potentially 97% Above Its Share Price
Key Insights The projected fair value for Fraport is €136 based on 2 Stage Free Cash Flow to Equity Fraport's €69.00...Narrative Update • Dec 25
FRA: Future Upside Will Likely Be Capped By Sideways Earnings
Analysts have raised their fair value estimate for Fraport to EUR 60 from EUR 50, reflecting a lower perceived risk profile and somewhat stronger long term revenue growth expectations, even as recent rating changes emphasize balanced valuations and a flatter earnings outlook. Analyst Commentary Recent research updates underscore a more nuanced view of Fraport, with several bearish analysts tempering their outlook despite higher fair value estimates.Narrative Update • Dec 11
FRA: Mixed Ratings Will Shape Fairly Valued Shares Amid Traffic Execution Risk
Analysts have nudged our Fraport fair value estimate slightly higher, to about EUR 75.33 from EUR 75.21, as a series of mixed but generally rising price targets reflect modestly stronger long term growth expectations, offset by softer margin assumptions and a view that European airports are closer to fair value. Analyst Commentary Street research on Fraport has turned more balanced, with upward revisions to price targets offset by a shift toward more neutral recommendations.Analysis Article • Nov 29
Should You Think About Buying Fraport AG (ETR:FRA) Now?
Fraport AG ( ETR:FRA ), is not the largest company out there, but it received a lot of attention from a substantial...Narrative Update • Nov 27
FRA: Mixed Ratings And Modest Financial Improvement Will Shape Near-Term Prospects
Fraport's analyst price target was modestly revised lower to approximately €75.21 from €75.40, as analysts weighed recent valuation-driven downgrades and a more balanced industry outlook. This adjustment comes alongside slightly improved financial estimates.Analysis Article • Nov 14
Results: Fraport AG Beat Earnings Expectations And Analysts Now Have New Forecasts
It's been a good week for Fraport AG ( ETR:FRA ) shareholders, because the company has just released its latest...Narrative Update • Nov 13
FRA: Recovery In Air Travel Will Drive Mixed Prospects Ahead
Fraport's fair value price target has been increased by analysts to €75.40 from €73.53. This change reflects updated assessments of the company's outlook and recent upward revisions in target prices across the sector.Analysis Article • Oct 30
These 4 Measures Indicate That Fraport (ETR:FRA) Is Using Debt In A Risky Way
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Oct 29
Fair Value And Mixed Earnings Outlook Will Shape Near-Term Performance
Fraport's analyst price targets have seen a modest increase, rising to approximately €73.53 from €72.54. Analysts point to updated fair value assessments in light of ongoing mixed operational outlooks and stable earnings expectations.Narrative Update • Oct 15
Emerging Markets And Terminal Expansions Will Unlock Value
Fraport's analyst price target has increased to €72.54 from €71.42, as analysts cite improved outlooks on revenue growth and a lower discount rate, even though profit margin expectations are more conservative. Analyst Commentary Recent analyst activity surrounding Fraport has highlighted both positive momentum in its outlook and areas of ongoing caution, especially as new price targets and ratings reflect shifts in valuation and expected growth.Analysis Article • Oct 14
Returns On Capital Are Showing Encouraging Signs At Fraport (ETR:FRA)
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Analysis Article • Sep 08
Unpleasant Surprises Could Be In Store For Fraport AG's (ETR:FRA) Shares
With a median price-to-earnings (or "P/E") ratio of close to 19x in Germany, you could be forgiven for feeling...Analysis Article • Aug 23
Is It Time To Consider Buying Fraport AG (ETR:FRA)?
Fraport AG ( ETR:FRA ), is not the largest company out there, but it saw a significant share price rise of 33% in the...Narrative Update • Aug 07
Emerging Markets And Terminal Expansions Will Unlock Value
The upward revision in Fraport’s consensus price target reflects improved revenue growth expectations and a higher forward P/E multiple, lifting fair value to €69.16. What's in the News Fraport AG announced a share repurchase program of up to 75,000 shares (0.08% of share capital) for €4.2 million, intended to fulfill employee participation program obligations.Analysis Article • Jul 31
Is Fraport (ETR:FRA) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Jun 30
Returns On Capital At Fraport (ETR:FRA) Paint A Concerning Picture
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
New Narrative • Mar 23
Delayed Aircraft Deliveries And Rising Costs Will Reduce Future Profits At Frankfurt Airport
Maintenance issues, operational cost increases, and labor expenses could limit Fraport's revenue growth and compress net margins.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | €430m |
| Dec 31 2025 | €2m | €777k | €432m |
| Sep 30 2025 | n/a | n/a | €469m |
| Jun 30 2025 | n/a | n/a | €395m |
| Mar 31 2025 | n/a | n/a | €418m |
| Dec 31 2024 | €2m | €715k | €451m |
| Sep 30 2024 | n/a | n/a | €457m |
| Jun 30 2024 | n/a | n/a | €463m |
| Mar 31 2024 | n/a | n/a | €431m |
| Dec 31 2023 | €2m | €715k | €393m |
| Sep 30 2023 | n/a | n/a | €383m |
| Jun 30 2023 | n/a | n/a | €262m |
| Mar 31 2023 | n/a | n/a | €219m |
| Dec 31 2022 | €2m | €715k | €132m |
| Sep 30 2022 | n/a | n/a | €52m |
| Jun 30 2022 | n/a | n/a | €14m |
| Mar 31 2022 | n/a | n/a | €40m |
| Dec 31 2021 | €3m | €715k | €83m |
| Sep 30 2021 | n/a | n/a | -€45m |
| Jun 30 2021 | n/a | n/a | -€426m |
| Mar 31 2021 | n/a | n/a | -€693m |
| Dec 31 2020 | €2m | €715k | -€658m |
| Sep 30 2020 | n/a | n/a | -€474m |
| Jun 30 2020 | n/a | n/a | €52m |
| Mar 31 2020 | n/a | n/a | €361m |
| Dec 31 2019 | €2m | €415k | €421m |
Compensation vs Market: Stefan's total compensation ($USD2.77M) is about average for companies of similar size in the German market ($USD2.61M).
Compensation vs Earnings: Stefan's compensation has been consistent with company performance over the past year.
CEO
Stefan Schulte (66 yo)
23.4yrs
Tenure
€2,397,400
Compensation
Dr. Stefan Schulte is Member of the Supervisory Board of RWE Aktiengesellschaft from April 30, 2025. He has been the Chairman of Executive Board and Chief Executive Officer at Fraport AG since September 1,...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Executive Board & CEO | 23.4yrs | €2.40m | no data | |
| CFO & Member of the Executive Board | 19.2yrs | €1.90m | no data | |
| Member of Executive Board & CTO | 6.9yrs | €1.75m | no data | |
| CHRO & Member of Executive Board | 3.6yrs | €1.43m | no data | |
| Chief Operating Officer | less than a year | no data | no data | |
| Senior VP of Legal Affairs & Compliance | less than a year | no data | no data | |
| Head of Corporate Communications | no data | no data | no data | |
| Head of Airline Sales & Customer Services | 8.2yrs | no data | no data | |
| Senior Executive VP of Airside & Terminal Management | 6.8yrs | no data | no data | |
| Manager Investor Relations | no data | no data | no data |
6.9yrs
Average Tenure
60yo
Average Age
Experienced Management: FRA's management team is seasoned and experienced (6.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of Economic Advisory Board | 7.4yrs | no data | no data | |
| Member of the Economic Advisory Board | 10.2yrs | no data | no data | |
| Independent Member of the Supervisory Board | 15.4yrs | €113.00k | no data | |
| Member of the Economic Advisory Board | no data | no data | no data | |
| Independent Member of the Supervisory Board | 3.1yrs | €81.92k | no data | |
| Employee Representative Vice Chairman of Supervisory Board | 5.9yrs | €94.50k | no data | |
| Independent Member of the Supervisory Board | 14.1yrs | €76.00k | no data | |
| Employee Representative Member of the Supervisory Board | 13.1yrs | €62.00k | no data | |
| Member of the Economic Advisory Board | no data | no data | no data | |
| Employee Representative Member of the Supervisory Board | 8.1yrs | €89.00k | no data | |
| Chairman of Supervisory Board | 6.1yrs | €157.00k | no data | |
| Employee Representative Member of the Supervisory Board | 3.1yrs | €63.00k | no data |
7.8yrs
Average Tenure
60yo
Average Age
Experienced Board: FRA's board of directors are considered experienced (7.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/12 18:48 |
| End of Day Share Price | 2026/06/12 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Fraport AG is covered by 28 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| José Arroyas | Banco Santander |
| Andrew Lobbenberg | Barclays |
| Susanna Invernizzi | Barclays |