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CAAP

Corporación América Airports NYSE:CAAP Stock Report

Last Price

US$6.23

Market Cap

US$1.0b

7D

2.0%

1Y

4.7%

Updated

19 May, 2022

Data

Company Financials +
CAAP fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance0/6
Financial Health2/6
Dividends0/6

CAAP Stock Overview

Corporación América Airports S.A., through its subsidiaries, acquires, develops, and operates airport concessions.

Rewards

Trading at 95.8% below our estimate of its fair value

Earnings are forecast to grow 108.12% per year

Risk Analysis

No risks detected for CAAP from our risk checks.

Corporación América Airports Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Corporación América Airports
Historical stock prices
Current Share PriceUS$6.23
52 Week HighUS$6.79
52 Week LowUS$4.63
Beta2.56
1 Month Change-5.61%
3 Month Change7.05%
1 Year Change4.71%
3 Year Change-13.83%
5 Year Changen/a
Change since IPO-62.01%

Recent News & Updates

Mar 29
These 4 Measures Indicate That Corporación América Airports (NYSE:CAAP) Is Using Debt Extensively

These 4 Measures Indicate That Corporación América Airports (NYSE:CAAP) Is Using Debt Extensively

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

CAAPUS InfrastructureUS Market
7D2.0%5.4%0.1%
1Y4.7%-4.5%-12.7%

Return vs Industry: CAAP exceeded the US Infrastructure industry which returned -6.7% over the past year.

Return vs Market: CAAP exceeded the US Market which returned -11.5% over the past year.

Price Volatility

Is CAAP's price volatile compared to industry and market?
CAAP volatility
CAAP Average Weekly Movement3.0%
Infrastructure Industry Average Movement5.1%
Market Average Movement8.0%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.0%

Stable Share Price: CAAP is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CAAP's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19985,786Martin Francisco Eurnekian Bonnarenshttps://www.caap.aero

Corporación América Airports S.A., through its subsidiaries, acquires, develops, and operates airport concessions. It operates 53 airports in Latin America, Europe, and Eurasia. The company was formerly known as A.C.I.

Corporación América Airports Fundamentals Summary

How do Corporación América Airports's earnings and revenue compare to its market cap?
CAAP fundamental statistics
Market CapUS$1.01b
Earnings (TTM)-US$26.55m
Revenue (TTM)US$826.87m

1.2x

P/S Ratio

-37.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CAAP income statement (TTM)
RevenueUS$826.87m
Cost of RevenueUS$660.73m
Gross ProfitUS$166.14m
Other ExpensesUS$192.69m
Earnings-US$26.55m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.17
Gross Margin20.09%
Net Profit Margin-3.21%
Debt/Equity Ratio273.4%

How did CAAP perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: CAAP ($6.23) is trading below our estimate of fair value ($148.95)

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 North American 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 is overvalued based on its PB Ratio (2x) compared to the US Infrastructure industry average (1.5x).


Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


108.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CAAP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

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

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

Revenue vs Market: CAAP's revenue (17.1% per year) is forecast to grow faster than the US market (7.8% per year).

High Growth Revenue: CAAP's revenue (17.1% 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


Past Performance

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

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-61.1%

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 61.1% 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 (16%).


Return on Equity

High ROE: CAAP has a negative Return on Equity (-12.96%), as it is currently unprofitable.


Financial Health

How is Corporación América Airports's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: CAAP's short term assets ($821.8M) do not cover its short term liabilities ($1.0B).

Long Term Liabilities: CAAP's short term assets ($821.8M) do not cover its long term liabilities ($2.4B).


Debt to Equity History and Analysis

Debt Level: CAAP's net debt to equity ratio (166.8%) is considered high.

Reducing Debt: CAAP's debt to equity ratio has increased from 144.9% to 273.4% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable CAAP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: CAAP is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 2.3% per year.


Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.07%

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CAAP has not reported any payouts.


Discover strong dividend paying companies

Management

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

3.5yrs

Average management tenure


CEO

Martin Francisco Eurnekian Bonnarens (43 yo)

4.67yrs

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

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


Board Members

Experienced Board: CAAP's board of directors are considered experienced (4.7 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

Corporación América Airports S.A.'s 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
  • Implied Market Cap: US$1.013b
  • Shares outstanding: 160.74m
  • Website: https://www.caap.aero

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/19 00:00
End of Day Share Price2022/05/19 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.