NYSE:CAAP

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Corporación América Airports

Executive Summary

Corporación América Airports S.A., through its subsidiaries, engages in the acquisition, development, and operation of airport concessions. More Details


Snowflake Analysis

Slightly overvalued with concerning outlook.

Share Price & News

How has Corporación América Airports's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CAAP's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.5%

CAAP

-1.0%

US Infrastructure

-1.4%

US Market


1 Year Return

-51.7%

CAAP

-35.6%

US Infrastructure

17.8%

US Market

Return vs Industry: CAAP underperformed the US Infrastructure industry which returned -35.4% over the past year.

Return vs Market: CAAP underperformed the US Market which returned 18.5% over the past year.


Shareholder returns

CAAPIndustryMarket
7 Day-0.5%-1.0%-1.4%
30 Day-3.3%-0.1%4.7%
90 Day-25.7%-13.8%8.2%
1 Year-51.7%-51.7%-33.0%-35.6%20.5%17.8%
3 Yearn/a-43.4%-54.2%42.2%32.7%
5 Yearn/a-46.7%-63.7%83.4%62.7%

Price Volatility Vs. Market

How volatile is Corporación América Airports's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Corporación América Airports undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CAAP ($2.02) is trading below our estimate of fair value ($9.65)

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


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CAAP's PB Ratio (0.5x) is in line with the US Infrastructure industry average.


Next Steps

Future Growth

How is Corporación América Airports forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

93.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CAAP is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CAAP is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CAAP is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CAAP's revenue (16.5% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: CAAP's revenue (16.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CAAP's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Corporación América Airports performed over the past 5 years?

-32.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CAAP is currently unprofitable.

Growing Profit Margin: CAAP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CAAP is unprofitable, and losses have increased over the past 5 years at a rate of 32% per year.

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

Earnings vs Industry: CAAP is unprofitable, making it difficult to compare its past year earnings growth to the Infrastructure industry (-21.2%).


Return on Equity

High ROE: CAAP has a negative Return on Equity (-18.3%), as it is currently unprofitable.


Next Steps

Financial Health

How is Corporación América Airports's financial position?


Financial Position Analysis

Short Term Liabilities: CAAP's short term assets ($395.1M) do not cover its short term liabilities ($579.6M).

Long Term Liabilities: CAAP's short term assets ($395.1M) do not cover its long term liabilities ($1.7B).


Debt to Equity History and Analysis

Debt Level: CAAP's debt to equity ratio (108.1%) is considered high.

Reducing Debt: Insufficient data to determine if CAAP's debt to equity ratio has reduced over the past 5 years.

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

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


Balance Sheet


Next Steps

Dividend

What is Corporación América Airports's current dividend yield, its reliability and sustainability?

3.66%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate CAAP'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 CAAP's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

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

3.1yrs

Average management tenure


CEO

Martin Francisco Eurnekian Bonnarens (42 yo)

3.08yrs

Tenure

Mr. Martin Francisco Antranik Eurnekian serves as Director and Chief Executive Officer of Corporación América Airports S.A. Mr. Eurnekian has more than 15 years of experience in managing different business ...


Leadership Team

NamePositionTenureCompensationOwnership
Martin Francisco Eurnekian Bonnarens
CEO & Director3.08yrsno datano data
Raúl Guillermo Francos
Chief Financial Officer17.75yrsno datano data
Raúl Galante
Head of Accounting & Tax3.08yrsno datano data
Gimena Albanesi
Head of Investor Relations & Investor Relations Managerno datano datano data
Andres Zenarruza
Head of Legal3.08yrsno datano data
Jorge Arruda
Head of Finance and M&A0.67yrno datano data
Roberto Naldi
Head of European Business Development0.67yrno datano data
Eugenio Perissé
Head of Business Development0.67yrno datano data

3.1yrs

Average Tenure

60yo

Average Age

Experienced Management: CAAP's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Martin Francisco Eurnekian Bonnarens
CEO & Director3.08yrsno datano data
Daniel Marx
Director1.67yrsno datano data
Roderick McGeoch
Director3.08yrsno datano data
David Arendt
Independent Director3.08yrsno datano data
Máximo Luis Bomchil
Chairman1.67yrsno datano data
Valérie Pechon
Independent Director3.08yrsno datano data
Carlo Montagna
Independent Director3.08yrsno datano data

3.1yrs

Average Tenure

67yo

Average Age

Experienced Board: CAAP's board of directors are considered experienced (3.1 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

Corporación América Airports S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Corporación América Airports S.A.
  • Ticker: CAAP
  • Exchange: NYSE
  • Founded: 1998
  • Industry: Airport Services
  • Sector: Transportation
  • Market Cap: US$323.245m
  • Shares outstanding: 160.02m
  • Website: https://www.caap.aero

Number of Employees


Location

  • Corporación América Airports S.A.
  • 4, rue de la GrEve
  • Luxembourg City
  • 1643
  • Luxembourg

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CAAPNYSE (New York Stock Exchange)YesCommon SharesUSUSDFeb 2018
CAAP NBMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNFeb 2018

Biography

Corporación América Airports S.A., through its subsidiaries, engages in the acquisition, development, and operation of airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. Th ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 23:48
End of Day Share Price2020/10/21 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.