How does A440's PE Ratio compare to its peers?

A440 is expensive based on its Price-To-Earnings Ratio (15.2x) compared to the peer average (11.9x).

How does A440's PE Ratio compare vs other companies in the European Infrastructure Industry?

A440 is expensive based on its Price-To-Earnings Ratio (15.2x) compared to the European Infrastructure industry average (14.7x).

What is A440'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.

A440 is good value based on its Price-To-Earnings Ratio (15.2x) compared to the estimated Fair Price-To-Earnings Ratio (17.4x).

What is the Fair Price of A440 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

A440 (€19) is trading above our estimate of [[fair value]] (€15.95)

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

Insufficient data to show price forecast.

A440 Stock Overview

Engages in the operation, maintenance, management, and administration of airport infrastructures and heliports in Spain, Brazil, the United Kingdom, Mexico, and Colombia. More details

A440 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	2/6
Past Performance	5/6
Financial Health	3/6
Dividends	3/6

Rewards

Price-To-Earnings ratio (15.2x) is below the German market (15.5x)

Earnings are forecast to grow 5.41% per year

Earnings grew by 41.1% over the past year

Risk Analysis

Has a high level of debt

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Aena S.M.E., S.A. Competitors

Fraport

XTRA:FRA

€5.1b

Deutsche Post

XTRA:DHL

€38.8b

Hapag-Lloyd

XTRA:HLAG

€26.4b

Deutsche Lufthansa

XTRA:LHA

€7.4b

Price History & Performance

Summary of share price highs, lows and changes for Aena S.M.E
Historical stock prices
Current Share Price	€19.00
52 Week High	€20.60
52 Week Low	€15.20
Beta	1.21
1 Month Change	2.15%
3 Month Change	1.60%
1 Year Change	23.38%
3 Year Change	46.15%
5 Year Change	n/a
Change since IPO	34.40%

Recent updates

Shareholder Returns

	A440	DE Infrastructure	DE Market
7D	-2.1%	-1.7%	-2.6%
1Y	23.4%	9.9%	7.1%

Return vs Industry: A440 exceeded the German Infrastructure industry which returned 9.9% over the past year.

Return vs Market: A440 exceeded the German Market which returned 8% over the past year.

Price Volatility

Is A440's price volatile compared to industry and market?
A440 volatility
A440 Average Weekly Movement	2.8%
Infrastructure Industry Average Movement	3.3%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.6%
10% least volatile stocks in DE Market	2.5%

Stable Share Price: A440 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: A440's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2010	9,238	Maurici Lucena Betriu	www.aena.es

Aena S.M.E., S.A., together with its subsidiaries, engages in the operation, maintenance, management, and administration of airport infrastructures and heliports in Spain, Brazil, the United Kingdom, Mexico, and Colombia. The company operates through Airports, Real Estate Services, International, and SCAIRM segments. It also manages commercial spaces in airport terminals and a network of parking lots; and leases areas in airport terminals for duty-free shops, specialty shops, food and beverage establishments, commercial operations, and advertising, as well as financial services, luggage wrapping machines, other vending machines, and regulated services.

Aena S.M.E., S.A. Fundamentals Summary

How do Aena S.M.E's earnings and revenue compare to its market cap?
A440 fundamental statistics
Market cap	€29.48b
Earnings (TTM)	€1.94b
Revenue (TTM)	€5.68b

15.2x

P/E Ratio

5.2x

P/S Ratio

Is A440 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
A440 income statement (TTM)
Revenue	€5.68b
Cost of Revenue	€1.09b
Gross Profit	€4.59b
Other Expenses	€2.65b
Earnings	€1.94b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	12.94
Gross Margin	80.87%
Net Profit Margin	34.21%
Debt/Equity Ratio	101.8%

How did A440 perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

63%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 08:24
End of Day Share Price	2024/12/19 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Aena S.M.E., S.A. is covered by 47 analysts. 19 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
Filipe Leite	Banco BPI, S.A.
Bruno Silva	Banco BPI, S.A.
Rafael Bonardell Trianes	Banco de Sabadell. S.A.