Copa Holdings
Market Cap
US$4.7b
Last Updated
2020/02/17 00:02 UTC
Data Sources
Company Financials +
Executive Summary
Copa Holdings, S.A., through its subsidiaries, provides airline passenger and cargo services.
Rewards
Risk Analysis
Snowflake Analysis
Proven track record average dividend payer.
Similar Companies
Share Price & News
How has Copa Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CPA has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
3.9%
CPA
1.8%
US Airlines
1.5%
US Market
1 Year Return
20.5%
CPA
3.5%
US Airlines
20.1%
US Market
Return vs Industry: CPA exceeded the US Airlines industry which returned 3.5% over the past year.
Return vs Market: CPA matched the US Market which returned 20.1% over the past year.
Shareholder returns
| CPA | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.9% | 1.8% | 1.5% |
| 30 Day | 6.3% | -2.4% | 1.4% |
| 90 Day | 0.9% | -1.7% | 8.7% |
| 1 Year | 23.8%20.5% | 5.1%3.5% | 22.7%20.1% |
| 3 Year | 15.7%6.4% | 6.4%2.2% | 50.1%40.5% |
| 5 Year | 11.5%-5.3% | 26.1%19.0% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is Copa Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
20 hours ago | Simply Wall St
Earnings Miss: Copa Holdings, S.A. Missed EPS By 27% And Analysts Are Revising Their Forecasts1 week ago | Simply Wall St
Copa Holdings (NYSE:CPA) Shareholders Booked A 10% Gain In The Last Three Years3 weeks ago | Simply Wall St
These 4 Measures Indicate That Copa Holdings (NYSE:CPA) Is Using Debt Reasonably WellValuation
Is Copa Holdings undervalued compared to its fair value and its price relative to the market?
44.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CPA ($110.01) is trading below our estimate of fair value ($199.19)
Significantly Below Fair Value: CPA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CPA is poor value based on its PE Ratio (18.9x) compared to the Airlines industry average (8.8x).
PE vs Market: CPA is poor value based on its PE Ratio (18.9x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: CPA is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: CPA is overvalued based on its PB Ratio (2.4x) compared to the US Airlines industry average (1.5x).
Next Steps
Future Growth
How is Copa Holdings forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
22.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CPA's forecast earnings growth (22.4% per year) is above the savings rate (1.7%).
Earnings vs Market: CPA's earnings (22.4% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CPA's revenue (6.2% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: CPA's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CPA's Return on Equity is forecast to be low in 3 years time (16.8%).
Next Steps
Past Performance
How has Copa Holdings performed over the past 5 years?
5.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CPA has a large one-off loss of $89.3M impacting its December 31 2019 financial results.
Growing Profit Margin: CPA's current net profit margins (9.1%) are higher than last year (3.3%).
Past Earnings Growth Analysis
Earnings Trend: CPA's earnings have grown by 5.7% per year over the past 5 years.
Accelerating Growth: CPA's earnings growth over the past year (180.4%) exceeds its 5-year average (5.7% per year).
Earnings vs Industry: CPA earnings growth over the past year (180.4%) exceeded the Airlines industry 41.3%.
Return on Equity
High ROE: CPA's Return on Equity (12.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Copa Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: CPA's short term assets ($1.2B) exceed its short term liabilities ($1.0B).
Long Term Liabilities: CPA's short term assets ($1.2B) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: CPA's debt to equity ratio (54.5%) is considered high.
Reducing Debt: CPA's debt to equity ratio has increased from 53.9% to 54.5% over the past 5 years.
Debt Coverage: CPA's debt is well covered by operating cash flow (74.2%).
Interest Coverage: CPA's interest payments on its debt are well covered by EBIT (13.2x coverage).
Balance Sheet
Inventory Level: CPA has a high level of physical assets or inventory.
Debt Coverage by Assets: CPA's debt is covered by short term assets (assets are 1.2x debt).
Next Steps
Dividend
What is Copa Holdings's current dividend yield, its reliability and sustainability?
2.91%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Copa Holdings before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CPA's dividend (2.91%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: CPA's dividend (2.91%) is low compared to the top 25% of dividend payers in the US market (3.69%).
Stability and Growth of Payments
Stable Dividend: CPA's dividend payments have been volatile in the past 10 years.
Growing Dividend: CPA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (44.7%), CPA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CPA's dividends in 3 years are forecast to be well covered by earnings (37% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.9yrs
Average management tenure
CEO
Pedro Heilbron (61yo)
32.1yrs
Tenure
Mr. Pedro Heilbron has been Chairman of the Chief Executive Board at Star Alliance Services GmbH since December 2016. Mr. Heilbron serves as the Chief Executive Officer at Compañía Panameña de Aviación, S. ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 32.1yrs | no data | no data | |
| Chief Financial Officer | 6.9yrs | no data | no data | |
| Senior Vice-President of Operations | 11yrs | no data | no data | |
| Vice-President of Technology | 4.3yrs | no data | no data | |
| Director of Investor Relations | 0yrs | no data | no data | |
| Vice-President of Sales | 3.4yrs | no data | no data | |
| Vice-President of Human Resources | 4.1yrs | no data | no data | |
| Senior Vice President of Commercial & Planning | 4.8yrs | no data | no data | |
| Chief Executive Officer of Copa Colombia | 8yrs | no data | no data |
5.9yrs
Average Tenure
54yo
Average Age
Experienced Management: CPA's management team is seasoned and experienced (5.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 32.1yrs | no data | no data | |
| Chairman | 0yrs | no data | no data | |
| Independent Director | 0yrs | no data | no data | |
| Director | 22.1yrs | no data | no data | |
| Director | 22.1yrs | no data | no data | |
| Independent Director | 4.1yrs | no data | no data | |
| Independent Director | 4.1yrs | no data | no data | |
| Director | 5yrs | no data | no data | |
| Director | 8.1yrs | no data | no data | |
| Director | 6.1yrs | no data | no data |
6.1yrs
Average Tenure
57yo
Average Age
Experienced Board: CPA's board of directors are considered experienced (6.1 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
Copa Holdings, S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Copa Holdings, S.A.
- Ticker: CPA
- Exchange: NYSE
- Founded: 1947
- Industry: Airlines
- Sector: Transportation
- Market Cap: US$4.681b
- Shares outstanding: 42.55m
- Website: https://copa.gcs-web.com
Number of Employees
Location
- Copa Holdings, S.A.
- Boulevard Costa del Este
- Avenida Principal y Avenida de la Rotonda, Urbanizacion Cost
- Panama City
- Panama
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CPA | NYSE (New York Stock Exchange) | Yes | Class A Common Stock | US | USD | Dec 2005 |
| C2H | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Dec 2005 |
| CPA N | BMV (Bolsa Mexicana de Valores) | Yes | Class A Common Stock | MX | MXN | Dec 2005 |
Biography
Copa Holdings, S.A., through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 81 destinations in 33 countries in North, Central, and South America, as well as the Caribbean. As of April 24, 2019, it operated a fleet of 105 aircraft comprising 6 Boeing 737 MAX9s, 82 Boeing 737NGs, and 17 Embraer-190s aircraft. Copa Holdings, S.A. was founded in 1947 and is based in Panama City, Panama.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 00:02 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.