Corporación América Airports S.A. (CAAP) Financial Ratios
11 years of historical data (2015–2025) · Industrials · Airlines, Airports & Air Services
EV/EBITDA
↓
6.91
-10% vs avg
5yr avg: 7.67
30Y Low4.3·High46.3
P/FCF
↓
10.06
↑+29% vs avg
5yr avg: 7.81
30Y Low5.0·High9.5
P/B Ratio
↑
2.69
↑+28% vs avg
5yr avg: 2.11
30Y Low0.8·High3.2
ROE
↑
15.6%
↓+5% vs avg
5yr avg: 14.9%
30Y Low-25%·High29%
Debt/EBITDA
↓
1.53
↓-60% vs avg
5yr avg: 3.85
30Y Low1.5·High36.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CAAP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Corporación América Airports S.A. trades at 18.1x earnings, 55% above its 5-year average of 11.7x, sitting at the 80th percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a discount of 29%. On a free-cash-flow basis, the stock trades at 10.1x P/FCF, 29% above the 5-year average of 7.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.5B | $4.2B | $3.0B | $2.6B | $1.4B | $926M | $638M | $960M | $1.2B | — | — |
| Enterprise Value | $5.0B | $4.7B | $3.7B | $3.6B | $2.5B | $2.0B | $1.7B | $2.0B | $2.1B | — | — |
| P/E Ratio → | 18.12 | 17.11 | 10.60 | 10.78 | 8.31 | — | — | — | 165.75 | — | — |
| P/S Ratio | 2.29 | 2.15 | 1.63 | 1.85 | 1.02 | 1.31 | 1.05 | 0.62 | 0.83 | — | — |
| P/B Ratio | 2.69 | 2.54 | 1.98 | 3.21 | 1.63 | 1.20 | 0.79 | 0.80 | 0.97 | — | — |
| P/FCF | 10.06 | 9.46 | 7.65 | 7.45 | 5.03 | 9.47 | — | — | 6.54 | — | — |
| P/OCF | 9.66 | 9.08 | 7.42 | 7.25 | 4.88 | 8.78 | 865.16 | — | 6.16 | — | — |
P/E links to full P/E history page with 30-year chart
CAAP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Corporación América Airports S.A.'s enterprise value stands at 6.9x EBITDA, 10% below its 5-year average of 7.7x. The Industrials sector median is 13.9x, placing the stock at a 50% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.41 | 2.03 | 2.54 | 1.81 | 2.83 | 2.83 | 1.27 | 1.45 | — | — |
| EV / EBITDA | 6.91 | 6.54 | 5.85 | 6.25 | 5.44 | 14.25 | 46.26 | 4.88 | 4.34 | — | — |
| EV / EBIT | 10.11 | 11.18 | 5.23 | 11.97 | 7.03 | 57.43 | — | 18.37 | 20.67 | — | — |
| EV / FCF | — | 10.61 | 9.51 | 10.27 | 8.94 | 20.47 | — | — | 11.43 | — | — |
CAAP Profitability
Margins and return-on-capital ratios measuring operating efficiency
Corporación América Airports S.A. earns an operating margin of 25.2%, significantly above the Industrials sector average of 4.3%. Operating margins have compressed from 29.8% to 25.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 15.6% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 16.8% represents solid returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.2% | 35.2% | 32.9% | 34.7% | 30.2% | 12.0% | -7.6% | 27.0% | 31.9% | 34.6% | 37.1% |
| Operating Margin | 25.2% | 25.2% | 23.6% | 29.8% | 20.7% | -2.8% | -27.0% | 14.3% | 21.0% | 23.4% | 24.3% |
| Net Profit Margin | 12.6% | 12.6% | 15.3% | 17.1% | 12.2% | -16.7% | -41.7% | 0.6% | 0.5% | 4.0% | 2.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.6% | 15.6% | 24.3% | 28.7% | 20.6% | -14.9% | -25.3% | 0.8% | 0.7% | 7.9% | 4.1% |
| ROA | 5.7% | 5.7% | 7.3% | 6.5% | 4.5% | -3.4% | -6.9% | 0.2% | 0.2% | 1.7% | 1.0% |
| ROIC | 16.8% | 16.8% | 16.2% | 16.8% | 11.3% | -0.8% | -6.0% | 7.8% | 10.8% | 14.7% | 14.5% |
| ROCE | 13.6% | 13.6% | 13.5% | 13.9% | 9.6% | -0.7% | -5.3% | 6.7% | 9.3% | 12.2% | 11.5% |
CAAP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Corporación América Airports S.A. carries a Debt/EBITDA ratio of 1.5x, which is manageable (53% below the sector average of 3.2x). Net debt stands at $512M ($1.1B total debt minus $593M cash). Interest coverage of 4.2x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.67 | 0.67 | 0.77 | 1.68 | 1.71 | 1.88 | 1.69 | 1.02 | 0.92 | 1.86 | 1.38 |
| Debt / EBITDA | 1.53 | 1.53 | 1.83 | 2.37 | 3.22 | 10.33 | 36.63 | 3.00 | 2.37 | 2.93 | 2.44 |
| Net Debt / Equity | — | 0.31 | 0.48 | 1.22 | 1.26 | 1.39 | 1.34 | 0.85 | 0.72 | 1.59 | 1.11 |
| Net Debt / EBITDA | 0.71 | 0.71 | 1.14 | 1.72 | 2.38 | 7.66 | 29.05 | 2.52 | 1.86 | 2.49 | 1.97 |
| Debt / FCF | — | 1.15 | 1.85 | 2.82 | 3.91 | 11.00 | — | — | 4.88 | — | 5.80 |
| Interest Coverage | 4.16 | 4.16 | 6.65 | 3.00 | 2.10 | 0.27 | -2.68 | 1.06 | 0.93 | 1.04 | 0.94 |
CAAP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.35x means Corporación América Airports S.A. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.09x to 1.35x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.35 | 1.35 | 1.27 | 1.09 | 0.96 | 0.74 | 0.94 | 0.90 | 1.18 | 0.79 | 0.77 |
| Quick Ratio | 1.33 | 1.33 | 1.25 | 1.07 | 0.93 | 0.74 | 0.93 | 0.88 | 1.16 | 0.78 | 0.75 |
| Cash Ratio | 0.98 | 0.98 | 0.87 | 0.65 | 0.67 | 0.54 | 0.64 | 0.50 | 0.72 | 0.36 | 0.37 |
| Asset Turnover | — | 0.44 | 0.44 | 0.40 | 0.36 | 0.20 | 0.18 | 0.40 | 0.37 | 0.41 | 0.38 |
| Inventory Turnover | 86.35 | 86.35 | 108.44 | 56.64 | 61.08 | — | 81.54 | 100.73 | 99.44 | 120.27 | 112.09 |
| Days Sales Outstanding | — | 44.20 | 31.20 | 70.71 | 46.30 | 82.47 | 54.06 | 28.09 | 34.09 | 31.60 | 30.64 |
CAAP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Corporación América Airports S.A. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 5.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | 0.2% | 2.3% | 1.3% | — | — |
| Payout Ratio | — | — | — | — | — | — | — | 247.1% | 210.0% | 37.5% | 147.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.5% | 5.8% | 9.4% | 9.3% | 12.0% | — | — | — | 0.6% | — | — |
| FCF Yield | 9.9% | 10.6% | 13.1% | 13.4% | 19.9% | 10.6% | — | — | 15.3% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 12.3% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 12.3% | 0.0% | 0.2% | 2.3% | 1.3% | — | — |
| Shares Outstanding | — | $162M | $161M | $161M | $161M | $161M | $160M | $160M | $178M | $160M | $148M |
Peer Comparison
Compare CAAP with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CAAPYou | $4B | 18.1 | 6.9 | 10.1 | 35.2% | 25.2% | 15.6% | 16.8% | 1.5 |
 OMAB | $6B | 17.9 | 10.8 | 13.0 | 75.6% | 56.0% | 48.6% | 31.7% | 1.4 |
 PAC | $11B | 22.3 | 10.6 | 32.4 | 77.1% | 54.0% | 40.4% | 21.9% | 2.2 |
 ASR | $9B | 15.3 | 9.1 | 31.8 | 55.3% | 45.6% | 19.4% | 20.5% | 1.7 |
 VLRS | $1B | -10.0 | 5.2 | 1.4 | 27.4% | 4.4% | -33.1% | 3.0% | 4.9 |
 CPA | $6B | 9.3 | 7.1 | 20.2 | 35.6% | 22.6% | 26.1% | 14.1% | 2.2 |
 UAL | $38B | 11.6 | 8.3 | 15.0 | 64.1% | 8.0% | 24.0% | 9.1% | 4.1 |
 AAL | $11B | 94.1 | 13.0 | — | 19.2% | 2.7% | — | 3.5% | 10.5 |
 DAL | $55B | 11.0 | 8.7 | 14.3 | 22.8% | 9.2% | 27.8% | 12.0% | 2.6 |
 JBLU | $2B | -3.4 | 32.3 | — | 33.9% | -4.1% | -25.3% | -2.7% | 32.0 |
 LUV | $24B | 60.7 | 13.2 | — | 17.4% | 1.5% | 4.8% | 3.0% | 3.0 |
| Industrials Median | — | 25.5 | 13.9 | 20.1 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 11 years · Updated daily
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CAAP — Frequently Asked Questions
Quick answers to the most common questions about buying CAAP stock.
What is Corporación América Airports S.A.'s P/E ratio?
Corporación América Airports S.A.'s current P/E ratio is 18.1x. The historical average is 42.5x. This places it at the 80th percentile of its historical range.
What is Corporación América Airports S.A.'s EV/EBITDA?
Corporación América Airports S.A.'s current EV/EBITDA is 6.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.7x.
What is Corporación América Airports S.A.'s ROE?
Corporación América Airports S.A.'s return on equity (ROE) is 15.6%. The historical average is 6.8%.
Is CAAP stock overvalued?
Based on historical data, Corporación América Airports S.A. is trading at a P/E of 18.1x. This is at the 80th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Corporación América Airports S.A.'s profit margins?
Corporación América Airports S.A. has 35.2% gross margin and 25.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Corporación América Airports S.A. have?
Corporación América Airports S.A.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.