ENXTPA:ADP

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Executive Summary

Aeroports de Paris SA designs, constructs, and operates airports. More Details


Snowflake Analysis

Reasonable growth potential second-rate dividend payer.


Similar Companies

Share Price & News

How has Aeroports de Paris's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ADP is more volatile than 75% of French stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: ADP's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of French stocks.


Market Performance


7 Day Return

0.2%

ADP

-1.2%

FR Infrastructure

-1.7%

FR Market


1 Year Return

-44.7%

ADP

-33.7%

FR Infrastructure

-4.5%

FR Market

Return vs Industry: ADP underperformed the French Infrastructure industry which returned -33.9% over the past year.

Return vs Market: ADP underperformed the French Market which returned -2.4% over the past year.


Shareholder returns

ADPIndustryMarket
7 Day0.2%-1.2%-1.7%
30 Day-8.1%-5.2%1.1%
90 Day20.3%17.9%12.9%
1 Year-44.7%-44.7%-33.7%-33.7%-2.7%-4.5%
3 Year-37.8%-40.4%-19.6%-23.2%15.1%5.5%
5 Year5.6%-3.1%20.5%9.9%65.2%40.6%

Long-Term Price Volatility Vs. Market

How volatile is Aeroports de Paris's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Aeroports de Paris undervalued compared to its fair value and its price relative to the market?

3.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ADP (€97.55) is trading below our estimate of fair value (€101.21)

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


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ADP is overvalued based on its PB Ratio (2.2x) compared to the FR Infrastructure industry average (1.4x).


Next Steps

Future Growth

How is Aeroports de Paris forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

76.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ADP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.4%).

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

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

Revenue vs Market: ADP's revenue (17.7% per year) is forecast to grow faster than the French market (7% per year).

High Growth Revenue: ADP's revenue (17.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ADP's Return on Equity is forecast to be low in 3 years time (9.3%).


Next Steps

Past Performance

How has Aeroports de Paris performed over the past 5 years?

-5.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ADP is currently unprofitable.

Growing Profit Margin: ADP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ADP is unprofitable, and losses have increased over the past 5 years at a rate of 5.1% per year.

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

Earnings vs Industry: ADP is unprofitable, making it difficult to compare its past year earnings growth to the Infrastructure industry (-49.4%).


Return on Equity

High ROE: ADP has a negative Return on Equity (-7.43%), as it is currently unprofitable.


Next Steps

Financial Health

How is Aeroports de Paris's financial position?


Financial Position Analysis

Short Term Liabilities: ADP's short term assets (€4.1B) exceed its short term liabilities (€2.6B).

Long Term Liabilities: ADP's short term assets (€4.1B) do not cover its long term liabilities (€9.8B).


Debt to Equity History and Analysis

Debt Level: ADP's debt to equity ratio (184.5%) is considered high.

Reducing Debt: ADP's debt to equity ratio has increased from 108.3% to 184.5% over the past 5 years.

Debt Coverage: ADP's debt is not well covered by operating cash flow (10.7%).

Interest Coverage: ADP is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Aeroports de Paris's current dividend yield, its reliability and sustainability?

3.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ADP's dividend (3.79%) is higher than the bottom 25% of dividend payers in the French market (1.39%).

High Dividend: ADP's dividend (3.79%) is low compared to the top 25% of dividend payers in the French market (4.47%).


Stability and Growth of Payments

Stable Dividend: ADP's dividend payments have been volatile in the past 10 years.

Growing Dividend: ADP's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: ADP is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: ADP's dividends in 3 years are forecast to be covered by earnings (74.6% payout ratio).


Next Steps

Management

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

4.7yrs

Average management tenure


CEO

Augustin Pascal Pierre Louis de Romanet de Beaune (58 yo)

8.17yrs

Tenure

€456,402

Compensation

Mr. Augustin Pascal Pierre Louis Marie de Romanet de Beaune has been the President of the Board and Chief Executive Officer of Aeroports de Paris SA (formerly known as Groupe ADP) since November 29, 2012. ...


CEO Compensation Analysis

Compensation vs Market: Augustin Pascal Pierre Louis's total compensation ($USD551.81K) is below average for companies of similar size in the French market ($USD4.08M).

Compensation vs Earnings: Augustin Pascal Pierre Louis's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Augustin Pascal Pierre Louis de Romanet de Beaune
President of the Board & CEO8.17yrs€456.40k0.00030%
€ 29.0k
Philippe Pascal
Member of Executive Committee & Executive Director of Finance4.67yrsno datano data
Audrey Arnoux
Head of Investor Relationsno datano datano data
Lola Bourget
Head of Media and Reputation Departmentno datano datano data
Hervé Wattecamps
Member of Executive Committee & Human Resources Director2.5yrsno datano data
Franck Goldnadel
Executive Director11yrs€390.00kno data
Edward Rodolphe Arkwright
Deputy CEO of Developmentno data€354.00kno data
Patrick Collard
Senior Vice Chairmanno data€196.00kno data
Guillaume Sauvé
Member of Executive Committee & Director of Engineering & Developmentno datano datano data
Gisèle Rossat-Mignod
Director of Public Affairs and Chief of Staff to the Chairman & CEO4.67yrsno datano data
Serge Grzybowski
Real Estate Director & Member of Executive Committeeno datano datano data
Fernando Echegaray del Pozo
Chief International Officer & Member of Executive Committee2.67yrsno datano data

4.7yrs

Average Tenure

58yo

Average Age

Experienced Management: ADP's management team is considered experienced (4.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Augustin Pascal Pierre Louis de Romanet de Beaune
President of the Board & CEO8.17yrs€456.40k0.00030%
€ 29.0k
Jacques Gounon
Independent Director12.5yrs€68.10k0.00030%
€ 29.0k
Patrick Gandil
Advisory Memberno datano datano data
Francoise Jacqueline Debrus
Independent Director6.5yrsno datano data
Jean-Paul Jouvent
Employee Representative Director12.08yrsno datano data
Christine Janodet
11.67yrsno datano data
Michel Massoni
Non-Independent Director7.75yrs€25.50k0%
€ 0
Joel Vidy
Employee Representative Director2.83yrsno datano data
Genevieve Debry
Non-Independent Director6.5yrs€37.40k0%
€ 0
Brigitte Blanc
Employee Representative Director6.67yrsno datano data
Frederic Gillet
Employee Representative Director6.67yrsno datano data
Anne Hidalgo
1.67yrsno datano data

6.7yrs

Average Tenure

61yo

Average Age

Experienced Board: ADP's board of directors are considered experienced (6.7 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

Aeroports de Paris SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aeroports de Paris SA
  • Ticker: ADP
  • Exchange: ENXTPA
  • Founded: 1945
  • Industry: Airport Services
  • Sector: Transportation
  • Market Cap: €9.652b
  • Shares outstanding: 98.94m
  • Website: https://www.parisaeroport.fr

Number of Employees


Location

  • Aeroports de Paris SA
  • 1 Rue de France
  • Tremblay-en-France
  • Ile-de-France
  • 93290
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ADPENXTPA (Euronext Paris)YesOrdinary SharesFREURJun 2006
W7LDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2006
0NP8LSE (London Stock Exchange)YesOrdinary SharesGBEURJun 2006
AEOX.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2006
ADPPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 2006
ADP NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJun 2006
ARRP.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDFeb 2018

Biography

Aeroports de Paris SA designs, constructs, and operates airports. The company operates through five segments: Aviation, Retail and Services, Real Estate, International and Airport Developments, and Other A...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/15 20:22
End of Day Share Price2021/01/15 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.