Copa Holdings (CPA) Stock Overview
Through its subsidiaries, provides airline passenger, and cargo and mail transportation services in North America, South America, Central America, and the Caribbean. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
CPA Community Fair Values
Create NarrativeSee what 88 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Copa Holdings, S.A. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$131.72 |
| 52 Week High | US$156.41 |
| 52 Week Low | US$99.32 |
| Beta | 0.92 |
| 1 Month Change | 4.89% |
| 3 Month Change | -10.18% |
| 1 Year Change | 26.20% |
| 3 Year Change | 27.01% |
| 5 Year Change | 62.28% |
| Change since IPO | 443.18% |
Recent News & Updates
Recent updates
Narrative Update • May 06
CPA: Solid Load Factors And Rising Dividends Will Support Future Upside
Analysts have nudged their price target for Copa Holdings slightly higher, from $126.00 to about $127.24, citing updated assumptions around revenue growth, discount rate, profit margin, and future P/E that modestly adjust their valuation framework. What's in the News Preliminary March 2026 traffic results showed available seat miles (ASM) of 3,025.7 million, revenue passenger miles (RPM) of 2,623.5 million, and a load factor of 86.7% (company announcement of operating results).
Narrative Update • Apr 22
CPA: Dividend And Buybacks Will Support Stronger Future Returns
Analysts now see fair value for Copa Holdings at $185, down from $212, citing updated assumptions that combine a slightly higher discount rate and lower projected profit margin with stronger expected revenue growth and a lower future P/E multiple. What's in the News Copa Holdings reported preliminary March 2026 traffic with available seat miles (ASM) of 3,025.7 million, revenue passenger miles (RPM) of 2,623.5 million, and a load factor of 86.7% (company announcement of operating results).
Narrative Update • Apr 07
CPA: Steady Traffic, Dividends And Buybacks Will Support Future Upside
Analysts raised their price target on Copa Holdings from about $156.87 to roughly $161.93. The new target reflects updated views on fair value that incorporate the revised discount rate, the revenue growth outlook, the expected future P/E, and a slightly lower assumed profit margin.Narrative Update • Mar 24
CPA: Load Factor Stability And Rising Dividends Will Support Future Upside
Analysts have trimmed their price target for Copa Holdings slightly to $126.00, as small adjustments to discount rate, revenue growth, profit margin and future P/E assumptions lead to a marginally lower fair value estimate of $126.63. What's in the News Copa Holdings reported preliminary consolidated traffic results for February 2026, with available seat miles (ASM) of 2,761.8 million, revenue passenger miles (RPM) of 2,406.9 million and a load factor of 87.1% (Key Developments).Seeking Alpha • Mar 19
Copa Holdings: I Believe This Is A Potential Diamond In The Rough
Summary Copa Holdings, S.A., stands out as a rare, investable airline due to its superior profitability, efficient operations, and strategic Panama City hub. CPA’s low labor costs, streamlined Boeing 737 fleet, and entrenched LATAM exposure underpin robust margins and a 6.2% yield. Despite recent share price weakness from rising costs and a Q4 '25 EPS miss, CPA’s balance sheet remains strong with low leverage and ample cash. I rate CPA a Buy with a $122/share price target and $190/share 2028E fair value, citing high conviction in sustained profitability and upside. Read the full article on Seeking AlphaNarrative Update • Mar 10
CPA: Higher Margins And Buybacks Will Support Stronger Future Returns
Analysts now set their price target for Copa Holdings at $212, up from $190. They cite adjustments to fair value assumptions, a lower discount rate, slightly different revenue growth expectations, a higher projected profit margin, and a modestly revised future P/E multiple.Narrative Update • Feb 24
CPA: Load Factor Plateau And Modest Dividend Will Restrain Future Upside
Analysts have made a small upward adjustment to their Copa Holdings price target, moving it from $126.00 to about $126.63. This reflects updated assumptions for discount rate, revenue growth, profit margin and future P/E that slightly reshape the risk and earnings profile they see for the company.Analysis Article • Feb 15
Copa Holdings' (NYSE:CPA) Shareholders Will Receive A Bigger Dividend Than Last Year
Copa Holdings, S.A.'s ( NYSE:CPA ) dividend will be increasing from last year's payment of the same period to $1.71 on...Narrative Update • Feb 09
CPA: Traffic And Load Factor Trends Will Limit Future Upside Potential
Analysts kept their US$126 price target on Copa Holdings unchanged, citing slightly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E as the drivers of their updated view. What's in the News Preliminary December 2025 traffic results showed available seat miles (ASM) of 2,932.4 million and revenue passenger miles (RPM) of 2,521.0 million, with a load factor of 86.0% (Company announcement of operating results).Narrative Update • Jan 26
CPA: Fair Outlook As Capacity Plans And Margins Support Measured Upside
Analysts have lifted their price target for Copa Holdings from US$118 to US$126. They point to updated assumptions around revenue growth, profit margins and the stock's future P/E multiple as key drivers of the change.Narrative Update • Jan 12
CPA: Higher Capacity And Load Factors Will Support Future Upside Potential
Analysts have nudged their fair value estimate for Copa Holdings slightly higher to about US$157 per share, citing small adjustments to discount rate assumptions, revenue growth expectations, and forward P/E inputs. What's in the News Copa Holdings reported preliminary November 2025 traffic with ASMs of 2,777.6 million and RPMs of 2,394.7 million, and a load factor of 86.2% (company announcement of operating results).Narrative Update • Dec 15
CPA: Expanding Capacity And Higher Load Factors Will Drive Future Upside
Analysts have slightly reduced their price target on Copa Holdings to approximately $156 from about $157, reflecting marginally lower revenue growth assumptions, partially offset by expectations for improved profit margins and a modestly lower future valuation multiple. What's in the News Copa Holdings reported strong third quarter 2025 operating results, with revenue passengers carried up to 3.81 million from 3.45 million and load factor improving to 88.0% from 86.2% a year earlier (company results filing).Narrative Update • Nov 28
CPA: Expanding Capacity And Growing Passenger Demand Will Drive Share Price Higher
Analysts have increased their price target for Copa Holdings slightly from $156.47 to $157.13. This reflects optimism around improved revenue growth forecasts, despite a minor rise in the discount rate and a slight reduction in profit margin projections.Analysis Article • Nov 23
Copa Holdings (NYSE:CPA) Is Due To Pay A Dividend Of $1.61
Copa Holdings, S.A. ( NYSE:CPA ) will pay a dividend of $1.61 on the 15th of December. This makes the dividend yield...Narrative Update • Nov 14
CPA: Rising Load Factors And Improved Outlook Will Drive Upside Potential
Analysts have raised their price target for Copa Holdings by approximately $1, citing slightly improved fair value estimates. This adjustment is supported by modest enhancements in revenue growth projections and a reduced discount rate.Narrative Update • Oct 31
CPA: Network Expansion Will Drive Capacity Gains Across Latin America
Analysts have slightly raised their price target for Copa Holdings from $154.20 to $155.53. This change reflects minor adjustments in projected profit margins and future earnings expectations.Narrative Update • Oct 17
Latin American Network Expansion And Digitalization Will Open Vast Opportunities
Analysts have maintained their price target for Copa Holdings at $154.20. This reflects minor upward adjustments in projected revenue growth and profit margin based on updated financial expectations.Narrative Update • Oct 03
Latin American Network Expansion And Digitalization Will Open Vast Opportunities
Analysts have modestly raised their price target for Copa Holdings to $154.20 from $153.53, citing slightly improved revenue growth expectations and a minimal adjustment in discount rates. What's in the News Copa Holdings reported preliminary traffic results for August 2025.Analysis Article • Aug 12
Copa Holdings (NYSE:CPA) Is Due To Pay A Dividend Of $1.61
Copa Holdings, S.A. ( NYSE:CPA ) has announced that it will pay a dividend of $1.61 per share on the 15th of September...Analysis Article • Jul 19
There's Been No Shortage Of Growth Recently For Copa Holdings' (NYSE:CPA) Returns On Capital
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...Analysis Article • Jul 01
Many Still Looking Away From Copa Holdings, S.A. (NYSE:CPA)
With a price-to-earnings (or "P/E") ratio of 7.5x Copa Holdings, S.A. ( NYSE:CPA ) may be sending very bullish signals...Analysis Article • Jun 13
What Does Copa Holdings, S.A.'s (NYSE:CPA) Share Price Indicate?
Copa Holdings, S.A. ( NYSE:CPA ), is not the largest company out there, but it received a lot of attention from a...Analysis Article • May 18
Is Copa Holdings (NYSE:CPA) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Seeking Alpha • Apr 30
Copa Holdings: This Is What A Margin Of Safety Looks Like
Summary Copa's fundamentals are strong, with consistent revenues over $800 million per quarter and average earnings per share of nearly $4 since Q3 2022. Despite solid financials, Copa's stock trades at a low P/E of 6, presenting a rare margin of safety from significant undervaluation. Copa's competitive edge includes a low-cost structure, single aircraft type, and strategic hub, resulting in best-in-class unit costs. The advantaged position shows up where it should, a lastingly superior ROE. The market's undervaluation, considering replacement value and historical multiples, suggests Copa is trading 40-50% below intrinsic value, making it a strong buy. Read the full article on Seeking AlphaSeeking Alpha • Apr 08
Copa Holdings: The Market Is Wrong
Summary Copa Holdings remains a strong buy despite a 7.4% stock price decline, outperforming the S&P 500's 16.3% drop amid the market sell-off. Operating margins are top-tier but slightly down year-on-year due to lower unit revenues and increased costs, partially offset by reduced fuel expenses. 2025 guidance includes moderate capacity growth and slightly lower margins, with potential pressure from trade tensions and currency weaknesses. Copa Airlines is undervalued at 5.5x EBITDA compared to peers trading above 8x, presenting significant upside potential not recognized by the market. Read the full article on Seeking AlphaSeeking Alpha • Mar 19
Copa Holdings: Trying To Explain The Discount
Summary The market undervalues Copa Holdings despite strong financial performance, with a margin of safety up to $120, a level that still implies single-digit P/E. Benchmarking against industry metrics, CPA excels in ROIC and net income per passenger, driven by cost control and low leverage, unlike most peers. Copa’s reliance on Boeing aircraft and its exclusive operation within the Americas do not justify a valuation discount, as evidenced by Ryanair’s premium valuation. The primary reason for CPA's undervaluation appears to be an emerging market penalty, contrasting with Ryanair's more predictable European environment. Read the full article on Seeking AlphaSeeking Alpha • Jan 27
Copa Holdings: The Exception To The Rule
Summary Copa Holdings defies the airline industry's poor profitability trend with exceptional financial performance and operational efficiency, making it a standout in Latin America. CPA’s cost leadership, conservative financial policies, and strategic location in Panama contribute to its industry-leading margins and resilience during economic downturns. Despite geopolitical risks and dependency on Boeing, CPA’s stable management and prudent growth strategy offer strong investment potential at a low valuation. I recommend CPA as a strong buy below $100, supported by expected earnings of $14-$16 per share and a +6% dividend yield. Read the full article on Seeking AlphaSeeking Alpha • Dec 03
Copa Holdings: The Most Undervalued Airline Stock To Buy
Summary Copa Holdings faces currency weaknesses, flight suspensions, and delivery delays, but maintains strong operating margins above 20%, showcasing robust operational performance. Despite a 15% stock decline since May, Copa Holdings has managed to push down unit costs, indicating potential margin recovery once operational challenges are addressed. EBITDA estimates have been revised down, but Copa Holdings remains undervalued compared to peers, trading below its median EV/EBITDA multiple. I reiterate a strong buy rating for Copa Holdings, with a price target of $138.25, offering over 50% upside in a rational market. Read the full article on Seeking Alpha
New Narrative • Sep 03
Expanding Network And Operational Efficiency Propel Airline To New Heights Amid Market Challenges
Copa Holdings' expansion and operational efficiency, including new destinations and cost-cutting measures, are expected to drive revenue and improve margins.Seeking Alpha • Aug 02
Copa Holdings: The Free Cash Flow Backs Up The Yield
Summary The Global airline industry is struggling despite high travel trends and strong consumer spending. I see shares of Copa Holdings as undervalued with high free cash flow, strong earnings, and attractive dividend yield. But the chart shows a bearish trend, with key support at $78 and resistance near $100. I also take a look at what the options market says ahead of earnings later this month. Read the full article on Seeking AlphaSeeking Alpha • May 20
Copa Holdings: A Superior Airline Stock To Buy
Summary Copa Holdings, S.A. stock has outperformed the S&P 500, with a 54% increase compared to 27%. Copa Airlines reported impressive margins and cost management, despite the impact of the Boeing 737 MAX 9 grounding. The company maintains its guidance for capacity expansion and operating margin, but adjusts unit revenue and non-fuel unit cost expectations. Read the full article on Seeking AlphaShareholder Returns
| CPA | US Airlines | US Market | |
|---|---|---|---|
| 7D | 12.5% | -2.6% | -0.3% |
| 1Y | 26.2% | 22.3% | 24.1% |
Return vs Industry: CPA exceeded the US Airlines industry which returned 22.3% over the past year.
Return vs Market: CPA exceeded the US Market which returned 24.1% over the past year.
Price Volatility
| CPA volatility | |
|---|---|
| CPA Average Weekly Movement | 8.7% |
| Airlines Industry Average Movement | 8.6% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: CPA has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: CPA's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1947 | 8,565 | Pedro Heilbron | copa.gcs-web.com |
Copa Holdings, S.A., through its subsidiaries, provides airline passenger, and cargo and mail transportation services in North America, South America, Central America, and the Caribbean. As of December 31, 2025, it operated through a fleet of 125 aircraft. The company was founded in 1947 and is based in Panama City, Panama.
Copa Holdings, S.A. Fundamentals Summary
| CPA fundamental statistics | |
|---|---|
| Market cap | US$5.39b |
| Earnings (TTM) | US$707.35m |
| Revenue (TTM) | US$3.77b |
7.6x
P/E Ratio1.4x
P/S RatioIs CPA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CPA income statement (TTM) | |
|---|---|
| Revenue | US$3.77b |
| Cost of Revenue | US$2.21b |
| Gross Profit | US$1.56b |
| Other Expenses | US$854.57m |
| Earnings | US$707.35m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 17.29 |
| Gross Margin | 41.42% |
| Net Profit Margin | 18.76% |
| Debt/Equity Ratio | 73.4% |
How did CPA perform over the long term?
See historical performance and comparisonDividends
5.2%
Current Dividend Yield38%
Payout RatioDoes CPA pay a reliable dividends?
See CPA dividend history and benchmarks| Copa Holdings dividend dates | |
|---|---|
| Ex Dividend Date | May 29 2026 |
| Dividend Pay Date | Jun 15 2026 |
| Days until Ex dividend | 10 days |
| Days until Dividend pay date | 27 days |
Does CPA pay a reliable dividends?
See CPA dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/18 12:46 |
| End of Day Share Price | 2026/05/15 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Copa Holdings, S.A. is covered by 24 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Pablo Monsivais Mendoza | Barclays |
| Daniel Spilberg | Barclays |
| Pablo Monsivais Mendoza | Barclays |