Copa Holdings, S.A.

NYSE:CPA Stock Report

Market Cap: US$3.7b

Copa Holdings Valuation

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

Below Fair Value: CPA ($88.87) is trading below our estimate of fair value ($92.05)

Significantly Below Fair Value: CPA is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CPA. This is calculated by dividing CPA's market cap by their current earnings.
What is CPA's PE Ratio?
PE Ratio5.8x
EarningsUS$630.04m
Market CapUS$3.69b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CPA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.2x
SKYW SkyWest
16.9x15.8%US$4.1b
ALK Alaska Air Group
26x39.5%US$8.4b
AAL American Airlines Group
40.3x39.8%US$10.9b
SNCY Sun Country Airlines Holdings
17.6x53.2%US$782.5m
CPA Copa Holdings
5.8x6.8%US$3.7b

Price-To-Earnings vs Peers: CPA is good value based on its Price-To-Earnings Ratio (5.8x) compared to the peer average (25.2x).

Price to Earnings Ratio vs Industry

How does CPA's PE Ratio compare vs other companies in the Global Airlines Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CPA 5.8xIndustry Avg. 9.5xNo. of Companies9PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CPA is good value based on its Price-To-Earnings Ratio (5.8x) compared to the Global Airlines industry average (9.5x).

Price to Earnings Ratio vs Fair Ratio

What is CPA'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.

CPA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.8x
Fair PE Ratio13x

Price-To-Earnings vs Fair Ratio: CPA is good value based on its Price-To-Earnings Ratio (5.8x) compared to the estimated Fair Price-To-Earnings Ratio (13x).

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 CPA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$88.87
US$145.80
+64.1%
12.5%US$180.00US$110.00n/a15
Dec ’25US$93.37
US$147.00
+57.4%
12.6%US$180.00US$110.00n/a15
Nov ’25US$97.63
US$147.73
+51.3%
11.9%US$180.00US$110.00n/a15
Oct ’25US$92.57
US$147.67
+59.5%
11.9%US$180.00US$110.00n/a15
Sep ’25US$90.40
US$147.67
+63.3%
11.9%US$180.00US$110.00n/a15
Aug ’25US$85.66
US$156.27
+82.4%
7.9%US$180.00US$140.00n/a15
Jul ’25US$93.94
US$158.53
+68.8%
9.0%US$180.00US$140.00n/a15
Jun ’25US$97.23
US$159.07
+63.6%
8.4%US$180.00US$140.00n/a15
May ’25US$97.35
US$156.21
+60.5%
9.0%US$180.00US$130.00n/a14
Apr ’25US$103.52
US$156.21
+50.9%
9.0%US$180.00US$130.00n/a14
Mar ’25US$97.97
US$156.21
+59.5%
9.0%US$180.00US$130.00n/a14
Feb ’25US$97.57
US$154.50
+58.3%
9.8%US$190.00US$130.00n/a14
Jan ’25US$106.31
US$152.57
+43.5%
7.4%US$175.00US$130.00n/a14
Dec ’24US$94.11
US$151.86
+61.4%
8.0%US$175.00US$130.00US$93.3714
Nov ’24US$81.92
US$146.36
+78.7%
9.9%US$170.00US$124.00US$97.6314
Oct ’24US$89.12
US$146.14
+64.0%
10.1%US$170.00US$124.00US$92.5714
Sep ’24US$102.02
US$146.86
+43.9%
8.6%US$165.00US$124.00US$90.4014
Aug ’24US$114.26
US$150.00
+31.3%
7.4%US$165.00US$124.00US$85.6614
Jul ’24US$110.58
US$147.36
+33.3%
8.0%US$165.00US$124.00US$93.9414
Jun ’24US$106.42
US$145.50
+36.7%
6.8%US$165.00US$124.00US$97.2314
May ’24US$91.56
US$127.00
+38.7%
10.9%US$150.00US$97.00US$97.3515
Apr ’24US$92.35
US$124.60
+34.9%
11.0%US$150.00US$97.00US$103.5215
Mar ’24US$93.50
US$124.53
+33.2%
11.1%US$150.00US$97.00US$97.9715
Feb ’24US$91.69
US$115.67
+26.1%
15.1%US$150.00US$90.00US$97.5715
Jan ’24US$83.17
US$113.00
+35.9%
15.9%US$150.00US$89.00US$106.3115
Dec ’23US$87.59
US$110.44
+26.1%
17.2%US$150.00US$80.00US$94.1116

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:00
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

Analyst Sources

Copa Holdings, S.A. is covered by 29 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.

AnalystInstitution
Bob McAdooAvondale Partners
Daniel SpilbergBarclays
Pablo Monsivais MendozaBarclays