NYSE:CPA

Stock Analysis Report

Executive Summary

Copa Holdings, S.A., through its subsidiaries, provides airline passenger and cargo services.

Snowflake

Fundamentals

High growth potential second-rate 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


Market Performance


7 Day Return

-5.6%

NYSE:CPA

-3.1%

US Airlines

-1.0%

US Market


1 Year Return

23.1%

NYSE:CPA

-4.3%

US Airlines

-0.4%

US Market

CPA outperformed the Airlines industry which returned -6% over the past year.

CPA outperformed the Market in United States of America which returned -1.7% over the past year.


Share holder returns

CPAIndustryMarket
7 Day-5.6%-3.1%-1.0%
30 Day4.1%-7.5%-3.3%
90 Day17.1%0.6%0.4%
1 Year27.6%23.1%-2.9%-4.3%1.8%-0.4%
3 Year38.4%27.4%45.0%39.6%39.4%30.4%
5 Year-2.5%-17.5%51.2%42.5%54.2%37.1%

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

Valuation

Is Copa Holdings undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Copa Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).

Copa Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Copa Holdings is overvalued based on earnings compared to the US Airlines industry average.

Copa Holdings is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Copa Holdings is poor value based on expected growth next year.


Price Based on Value of Assets

Copa Holdings is overvalued based on assets compared to the US Airlines industry average.


Next Steps

Future Growth

How is Copa Holdings expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

22.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Copa Holdings's revenue is expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).

Copa Holdings's earnings are expected to grow significantly at over 20% yearly.

Copa Holdings's revenue growth is expected to exceed the United States of America market average.

Copa Holdings's earnings growth is expected to exceed the United States of America market average.

Copa Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Copa Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has Copa Holdings performed over the past 5 years?

-5.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Copa Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Copa Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Copa Holdings's 1-year earnings growth is negative, it can't be compared to the US Airlines industry average.


Return on Equity

Copa Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Copa Holdings used its assets less efficiently than the US Airlines industry average last year based on Return on Assets.


Return on Capital Employed

Copa Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Copa Holdings's financial position?


Financial Position Analysis

Copa Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Copa Holdings's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Copa Holdings's level of debt (65.7%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (49.9% vs 65.7% today).

Debt is well covered by operating cash flow (40.3%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 15.4x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.9x debt.


Next Steps

Dividend

What is Copa Holdings's current dividend yield, its reliability and sustainability?

3.38%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Copa Holdings before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Copa Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.5%).

Copa Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.9%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.3x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).


Next Steps

Management

What is the CEO of Copa Holdings's salary, the management and board of directors tenure and is there insider trading?

5.4yrs

Average management tenure


CEO

Pedro Heilbron (61yo)

31.6yrs

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. ...


Management Age and Tenure

5.4yrs

Average Tenure

54yo

Average Age

The average tenure for the Copa Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

6.6yrs

Average Tenure

61yo

Average Age

The tenure for the Copa Holdings board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Daniel Paul Gunn (51yo)

    Senior Vice-President of Operations

    • Tenure: 10.5yrs
  • Vidalia F. de Casado (62yo)

    Vice-President of Human Resources

    • Tenure: 3.6yrs
  • Christophe Didier (54yo)

    Vice-President of Sales

    • Tenure: 2.9yrs
  • Raul Pascual

    Director of Investor Relations

  • Jose Montero (49yo)

    Chief Financial Officer

    • Tenure: 6.4yrs
  • Julio Toro (44yo)

    Vice-President of Technology

    • Tenure: 3.8yrs
  • Pedro Heilbron (61yo)

    CEO & Director

    • Tenure: 31.6yrs
  • Eduardo Lombana (57yo)

    Chief Executive Officer of Copa Colombia

    • Tenure: 7.5yrs
  • Dennis Cary (54yo)

    Senior Vice President of Commercial & Planning

    • Tenure: 4.3yrs

Board Members

  • Cunningham Motta (74yo)

    Chairman

  • Roberto Loria (60yo)

    Independent Director

  • John Gebo (49yo)

    Director

    • Tenure: 4.5yrs
  • Ricardo Arias (80yo)

    Director

    • Tenure: 21.6yrs
  • Jaime Arias (84yo)

    Director

    • Tenure: 21.6yrs
  • Jose Velez (75yo)

    Independent Director

  • Alvaro Heilbron (53yo)

    Director

    • Tenure: 7.6yrs
  • Carlos A. Motta Fidanque (47yo)

    Director

    • Tenure: 5.6yrs
  • Dennis Richards

    President of the Board

    • Tenure: 5.6yrs
  • Pedro Heilbron (61yo)

    CEO & Director

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$4.472b
  • Shares outstanding: 42.54m
  • Website: Click here

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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CPANYSE (New York Stock Exchange)YesClass A Common StockUSUSDDec 2005
C2HDB (Deutsche Boerse AG)YesClass A Common StockDEEURDec 2005
CPA NBMV (Bolsa Mexicana de Valores)YesClass A Common StockMXMXNDec 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  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/16 23:58
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.