Aena S.M.E Valuation

Is A440 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

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 A440 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A440 (€18.6) is trading above our estimate of fair value (€15.61)

Significantly Below Fair Value: A440 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A440?

Key metric: As A440 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for A440. This is calculated by dividing A440's market cap by their current earnings.
What is A440's PE Ratio?
PE Ratio	15.3x
Earnings	€1.94b
Market Cap	€29.69b

A440 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	6.2x
Enterprise Value/EBITDA	10.7x
PEG Ratio	2.8x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for A440 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	12.3x
FRA Fraport	10x	3.7%	€4.6b
HLAG Hapag-Lloyd	19.8x	-8.9%	€28.9b
DHL Deutsche Post	12.7x	9.0%	€40.7b
LHA Deutsche Lufthansa	6.7x	14.0%	€7.5b
A440 Aena S.M.E	15.3x	5.4%	€29.7b

Price-To-Earnings vs Peers: A440 is expensive based on its Price-To-Earnings Ratio (15.3x) compared to the peer average (12.3x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: A440 is expensive based on its Price-To-Earnings Ratio (15.3x) compared to the European Infrastructure industry average (14.8x).

Price to Earnings Ratio vs Fair Ratio

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 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	15.3x
Fair PE Ratio	17.5x

Price-To-Earnings vs Fair Ratio: A440 is good value based on its Price-To-Earnings Ratio (15.3x) compared to the estimated Fair Price-To-Earnings Ratio (17.5x).

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.