Visão geral da empresa
Corporación América Airports S.A. operates as a specialized infrastructure entity that acquires, develops, and manages airport concessions across multiple continents. The company functions within the Industrials sector, specifically targeting the Airports & Air Services industry, which involves the critical management of aviation infrastructure and passenger processing. This entity currently maintains a substantial scale with a market capitalization of $4.34B and an annual revenue of $1.96B, supported by a workforce of 6,300 employees. The combination of a $4.34B market cap and nearly $2B in annual revenue positions the company as a significant player capable of sustaining large-scale operations in Latin America, Europe, and Eurasia.
Saúde financeira
The company reported a revenue of $1.96B for the trailing twelve months, generating a net income of $247.72M and an EBITDA of $713.07M. The substantial gap between the $1.96B revenue and the $247.72M net income reveals a cost structure where operating expenses, including depreciation and interest, consume approximately 87.4% of top-line revenue before arriving at the bottom line. The enterprise generated a free cash flow of $529.21M, indicating a robust ability to fund capital expenditures and maintain financial flexibility without relying solely on external financing. Profitability efficiency is evident across three key metrics: a gross margin of 35.1%, an operating margin of 23.5%, and a profit margin of 12.6%. The high gross margin of 35.1% suggests strong pricing power in concession agreements, while the operating margin of 23.5% reflects effective control over variable operational costs. The profit margin of 12.6% demonstrates the final impact of non-operating expenses and taxes on the bottom line. Regarding liquidity and solvency, the company holds $714.84M in cash against total debt of $1.10B, resulting in a debt-to-equity ratio of 66.53%. This leverage level indicates a balance sheet that utilizes borrowed capital to finance assets, which is common in capital-intensive infrastructure but requires steady cash flow to service. The current ratio stands at 1.35, signifying that the company possesses sufficient current assets to cover its short-term liabilities with a margin of safety. Return metrics further illustrate management effectiveness, with a return on equity of 16.2% and a return on assets of 7.1%. The return on equity of 16.2% highlights the generation of value for shareholders relative to their invested capital, while the return on assets of 7.1% measures the efficiency of asset utilization across the entire corporate structure.
Avaliação de valorização
The stock trades with a trailing P/E ratio of 17.48 and a forward P/E of 9.85. The significant difference between the trailing P/E of 17.48 and the forward P/E of 9.85 implies that the market expects earnings to grow substantially in the coming years, compressing the current multiple to reflect anticipated performance. The price-to-book ratio is 2.73, which indicates that the market values the company at a premium of 173% over its book value, reflecting the high earnings power and strategic asset quality of its airport concessions. Alternative valuation metrics provide further context, with a price-to-sales ratio of 2.21 and an EV/EBITDA of 6.73. The EV/EBITDA of 6.73 suggests the company is valued at less than 7 times its earnings before interest, taxes, depreciation, and amortization, which can be indicative of value relative to infrastructure peers. The 52-week price range spans from a low of $15.01 to a high of $30.50. Assuming the current trading price aligns with the forward metrics, the stock sits in the upper half of its historical range, trading significantly below the 52-week high of $30.50 but well above the 52-week low of $15.01. The beta value is 0.81, indicating that the stock exhibits lower volatility relative to the broader market, as it moves with approximately 19% less intensity than the market index during periods of fluctuation.
Growth & Income
The company demonstrated revenue growth of 18.8% year over year alongside an earnings growth of 212.1% for the same period. The earnings growth rate of 212.1% is growing significantly faster than the revenue growth rate of 18.8%, which implies a substantial increase in operating leverage or a one-time event impacting the bottom line more aggressively than the top line. Regarding income distribution, the company does not pay a dividend, evidenced by a dividend yield of N/A and a payout ratio of 0.0%. This 0.0% payout ratio indicates that the company reinvests all its earnings back into the business for expansion and maintenance rather than distributing cash to shareholders. Consequently, the overall growth and income profile is characterized by aggressive internal reinvestment and rapid earnings expansion rather than current yield generation.