Fraport Valuation

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

FRAS (€25.4) is trading below our estimate of [[fair value]] (€68.04)

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: FRAS (€25.4) is trading below our estimate of fair value (€68.04)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FRAS. This is calculated by dividing FRAS's market cap by their current earnings.
What is FRAS's PE Ratio?
PE Ratio	10.6x
Earnings	€456.60m
Market Cap	€4.83b

FRAS 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	3.1x
Enterprise Value/EBITDA	11.4x
PEG Ratio	2.8x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FRAS 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	21.8x
LHA Deutsche Lufthansa	6.7x	14.0%	€7.6b
SIX2 Sixt	13.9x	16.3%	€3.0b
HHFA Hamburger Hafen und Logistik	43.9x	55.0%	€1.4b
FLU Flughafen Wien	22.7x	8.7%	€4.5b
FRAS Fraport	10.6x	3.7%	€4.8b

Price-To-Earnings vs Peers: FRAS is good value based on its Price-To-Earnings Ratio (10.6x) compared to the peer average (21.8x).

Price to Earnings Ratio vs Industry

How does FRAS'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: FRAS is good value based on its Price-To-Earnings Ratio (10.6x) compared to the European Infrastructure industry average (14.9x).

Price to Earnings Ratio vs Fair Ratio

What is FRAS'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.

FRAS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.6x
Fair PE Ratio	12.7x

Price-To-Earnings vs Fair Ratio: FRAS is good value based on its Price-To-Earnings Ratio (10.6x) compared to the estimated Fair Price-To-Earnings Ratio (12.7x).

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.