Corporación América Airports S.A.

NYSE:CAAP Stock Report

Market Cap: US$3.1b

Corporación América Airports Valuation

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

Below Fair Value: CAAP ($19.71) is trading below our estimate of fair value ($54.24)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CAAP. This is calculated by dividing CAAP's market cap by their current earnings.
What is CAAP's PE Ratio?
PE Ratio8.9x
EarningsUS$357.31m
Market CapUS$3.06b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CAAP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.5x
ICTS.F ICTS International
22.5xn/aUS$179.7m
AAWW Atlas Air Worldwide Holdings
8.2x5.0%US$2.9b
CPA Copa Holdings
6.4x6.1%US$4.3b
CMRE Costamare
4.8x-4.5%US$1.8b
CAAP Corporación América Airports
8.9x4.2%US$3.1b

Price-To-Earnings vs Peers: CAAP is good value based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (11.3x).

Price to Earnings Ratio vs Industry

How does CAAP's PE Ratio compare vs other companies in the Global Infrastructure Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CAAP 8.9xIndustry Avg. 14.2xNo. of Companies40PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CAAP is good value based on its Price-To-Earnings Ratio (8.9x) compared to the Global Infrastructure industry average (14.2x).

Price to Earnings Ratio vs Fair Ratio

What is CAAP'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.

CAAP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.9x
Fair PE Ratio11.8x

Price-To-Earnings vs Fair Ratio: CAAP is good value based on its Price-To-Earnings Ratio (8.9x) compared to the estimated Fair Price-To-Earnings Ratio (11.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CAAP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$19.71
US$21.33
+8.2%
12.2%US$24.50US$17.80n/a4
Nov ’25US$18.38
US$21.33
+16.0%
12.2%US$24.50US$17.80n/a4
Oct ’25US$17.47
US$20.68
+18.3%
9.6%US$23.00US$17.80n/a4
Sep ’25US$15.06
US$20.23
+34.3%
8.5%US$21.90US$17.50n/a4
Aug ’25US$15.94
US$20.23
+26.9%
8.5%US$21.90US$17.50n/a4
Jul ’25US$16.57
US$20.10
+21.3%
8.0%US$21.50US$17.50n/a4
Jun ’25US$18.34
US$19.90
+8.5%
8.2%US$21.40US$17.20n/a4
May ’25US$17.00
US$19.90
+17.1%
8.2%US$21.40US$17.20n/a4
Apr ’25US$16.86
US$19.88
+17.9%
8.5%US$21.40US$17.10n/a4
Mar ’25US$14.68
US$19.88
+35.4%
8.5%US$21.40US$17.10n/a4
Feb ’25US$16.12
US$19.88
+23.3%
8.5%US$21.40US$17.10n/a4
Jan ’25US$16.06
US$17.28
+7.6%
12.4%US$20.00US$14.75n/a3
Dec ’24US$14.90
US$17.18
+15.3%
12.6%US$20.00US$14.75n/a3
Nov ’24US$10.94
US$17.18
+57.1%
12.6%US$20.00US$14.75US$18.383
Oct ’24US$13.34
US$17.18
+28.8%
12.6%US$20.00US$14.75US$17.473
Sep ’24US$13.88
US$18.40
+32.6%
8.7%US$20.00US$16.80US$15.062
Aug ’24US$14.11
US$14.40
+2.1%
38.9%US$20.00US$8.80US$15.942
Jul ’24US$11.59
US$10.15
-12.4%
13.3%US$11.50US$8.80US$16.572
Jun ’24US$10.40
US$10.15
-2.4%
13.3%US$11.50US$8.80US$18.342
May ’24US$11.62
US$9.60
-17.4%
19.8%US$11.50US$7.70US$17.002
Apr ’24US$10.18
US$9.15
-10.1%
25.7%US$11.50US$6.80US$16.862
Mar ’24US$9.50
US$9.15
-3.7%
25.7%US$11.50US$6.80US$14.682
Feb ’24US$9.24
US$9.15
-1.0%
25.7%US$11.50US$6.80US$16.122
Jan ’24US$8.73
US$7.55
-13.5%
9.9%US$8.30US$6.80US$16.062
Dec ’23US$8.73
US$7.15
-18.1%
16.1%US$8.30US$6.00US$14.902
Nov ’23US$8.03
US$7.15
-11.0%
16.1%US$8.30US$6.00US$10.942

Analyst Forecast: Target price is less than 20% higher than the current share price.

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