BME:AENA

Stock Analysis Report

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Market Cap

€20.3b

Last Updated

2021/07/24 19:28 UTC

Data Sources

Company Financials +

Executive Summary

Aena S.M.E., S.A., together with its subsidiaries, operates, maintains, manages, and administers airport infrastructures and heliports in Spain, the United Kingdom, Mexico, Colombia, Cuba, and internationally. More Details


Snowflake Analysis

Reasonable growth potential and overvalued.


Similar Companies

Share Price & News

How has Aena S.M.E's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AENA is not significantly more volatile than the rest of Spanish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: AENA's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

0.9%

AENA

0.007%

ES Infrastructure

2.2%

ES Market


1 Year Return

16.4%

AENA

16.9%

ES Infrastructure

17.0%

ES Market

Return vs Industry: AENA matched the Spanish Infrastructure industry which returned 16.9% over the past year.

Return vs Market: AENA matched the Spanish Market which returned 17% over the past year.


Shareholder returns

AENAIndustryMarket
7 Day0.9%0.007%2.2%
30 Day-8.2%-6.8%-3.8%
90 Day1.0%-0.2%0.2%
1 Year16.4%16.4%17.9%16.9%22.2%17.0%
3 Year-10.6%-13.7%-19.7%-23.0%1.3%-8.2%
5 Year14.0%4.7%15.2%3.8%24.2%5.5%

Long-Term Price Volatility Vs. Market

How volatile is Aena S.M.E's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Aena S.M.E undervalued compared to its fair value and its price relative to the market?

2.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AENA (€135.05) is trading below our estimate of fair value (€138.74)

Significantly Below Fair Value: AENA is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: AENA is unprofitable, so we can't compare its PE Ratio to the European Infrastructure industry average.

PE vs Market: AENA is unprofitable, so we can't compare its PE Ratio to the Spanish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AENA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AENA is overvalued based on its PB Ratio (3.5x) compared to the XE Infrastructure industry average (1.7x).


Future Growth

How is Aena S.M.E forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?

49.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AENA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1%).

Earnings vs Market: AENA is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: AENA's is expected to become profitable in the next 3 years.

Revenue vs Market: AENA's revenue (18.9% per year) is forecast to grow faster than the Spanish market (6.5% per year).

High Growth Revenue: AENA's revenue (18.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AENA's Return on Equity is forecast to be low in 3 years time (18.1%).


Past Performance

How has Aena S.M.E performed over the past 5 years?

-14.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AENA is currently unprofitable.

Growing Profit Margin: AENA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AENA is unprofitable, and losses have increased over the past 5 years at a rate of 14.4% per year.

Accelerating Growth: Unable to compare AENA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AENA is unprofitable, making it difficult to compare its past year earnings growth to the Infrastructure industry (-23.1%).


Return on Equity

High ROE: AENA has a negative Return on Equity (-7.39%), as it is currently unprofitable.


Financial Health

How is Aena S.M.E's financial position?


Financial Position Analysis

Short Term Liabilities: AENA's short term assets (€1.8B) do not cover its short term liabilities (€1.9B).

Long Term Liabilities: AENA's short term assets (€1.8B) do not cover its long term liabilities (€7.6B).


Debt to Equity History and Analysis

Debt Level: AENA's debt to equity ratio (140.4%) is considered high.

Reducing Debt: AENA's debt to equity ratio has reduced from 227.2% to 140.4% over the past 5 years.

Debt Coverage: AENA's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if AENA's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Aena S.M.E current dividend yield, its reliability and sustainability?

2.77%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AENA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AENA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AENA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AENA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: AENA is not paying a notable dividend for the Spanish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AENA's dividend in 3 years as they are not forecast to pay a notable one for the Spanish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

Maurici Lucena Betriu (46 yo)

3yrs

Tenure

Mr. Maurici Lucena Betriu has been the Chairman, Chief Executive Officer and Director of Aena S.M.E., S.A. (formerly known as Aena, S.A.) since July 16, 2018. Mr. Betriu served as Managing Director of Cent...


Leadership Team

Experienced Management: AENA's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: AENA's board of directors are considered experienced (3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Aena S.M.E., S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aena S.M.E., S.A.
  • Ticker: AENA
  • Exchange: BME
  • Founded: 2010
  • Industry: Airport Services
  • Sector: Transportation
  • Market Cap: €20.258b
  • Shares outstanding: 150.00m
  • Website: https://www.aena.es

Number of Employees


Location

  • Aena S.M.E., S.A.
  • C/ Peonías, 12
  • 6ª Planta
  • Madrid
  • Madrid
  • 28042
  • Spain

Listings


Biography

Aena S.M.E., S.A., together with its subsidiaries, operates, maintains, manages, and administers airport infrastructures and heliports in Spain, the United Kingdom, Mexico, Colombia, Cuba, and internationa...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/24 19:28
End of Day Share Price2021/07/23 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.