Corporación América Airports S.A. (CAAP) Financial Ratios
10 years of historical data (2015–2024) · Industrials · Airlines, Airports & Air Services
EV/EBITDA
↓
8.11
↓-39% vs avg
5yr avg: 13.24
30Y Low4.5·High32.8
P/FCF
↓
10.80
↑+46% vs avg
5yr avg: 7.40
30Y Low5.0·High9.5
P/B Ratio
↑
2.76
↑+57% vs avg
5yr avg: 1.76
30Y Low0.8·High3.2
ROE
↑
24.3%
↓+232% vs avg
5yr avg: 7.3%
30Y Low-25%·High29%
Debt/EBITDA
↓
1.90
↓-79% vs avg
5yr avg: 8.88
30Y Low1.9·High26.0
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 14.8x earnings, 49% above its 5-year average of 9.9x, sitting at the 75th percentile of its historical range. Compared to the Industrials sector median P/E of 25.9x, the stock trades at a discount of 43%. On a free-cash-flow basis, the stock trades at 10.8x P/FCF, 46% above the 5-year average of 7.4x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.2B | $3.0B | $2.6B | $1.4B | $926M | $638M | $960M | $1.2B | — | — | — |
| Enterprise Value | $5.0B | $3.7B | $3.6B | $2.5B | $2.0B | $1.7B | $2.0B | $2.1B | — | — | — |
| P/E Ratio → | 14.79 | 10.60 | 10.78 | 8.31 | — | — | — | 165.75 | — | — | — |
| P/S Ratio | 2.30 | 1.63 | 1.85 | 1.02 | 1.31 | 1.05 | 0.62 | 0.83 | — | — | — |
| P/B Ratio | 2.76 | 1.98 | 3.21 | 1.63 | 1.20 | 0.79 | 0.80 | 0.97 | — | — | — |
| P/FCF | 10.80 | 7.65 | 7.45 | 5.03 | 9.47 | — | — | 6.54 | — | — | — |
| P/OCF | 10.48 | 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 8.1x EBITDA, 39% below its 5-year average of 13.2x. The Industrials sector median is 13.9x, placing the stock at a 42% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.03 | 2.54 | 1.81 | 2.83 | 2.83 | 1.27 | 1.45 | — | — | — |
| EV / EBITDA | 8.11 | 6.09 | 7.16 | 6.11 | 14.05 | 32.80 | 4.56 | 4.50 | — | — | — |
| EV / EBIT | 12.20 | 9.16 | 10.27 | 9.09 | — | — | 7.87 | 7.29 | — | — | — |
| EV / FCF | — | 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 22.1%, significantly above the Industrials sector average of 4.9%. Operating margins have expanded from 19.9% to 22.1% over the past 3 years, signaling improving operational efficiency. ROE of 24.3% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 15.2% represents solid returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.7% | 32.7% | 34.5% | 29.9% | 11.4% | -8.9% | 26.5% | 31.4% | 34.1% | 36.6% | 35.4% |
| Operating Margin | 22.1% | 22.1% | 24.8% | 19.9% | -2.5% | -24.4% | 16.2% | 19.8% | 22.3% | 24.3% | 21.7% |
| Net Profit Margin | 15.3% | 15.3% | 17.1% | 12.2% | -13.7% | -40.9% | 0.6% | 0.5% | 4.0% | 3.1% | 1.1% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 24.3% | 24.3% | 28.7% | 20.6% | -12.2% | -24.8% | 0.8% | 0.7% | 7.9% | 5.2% | 1.6% |
| ROA | 7.3% | 7.3% | 6.5% | 4.5% | -2.7% | -6.8% | 0.2% | 0.2% | 1.7% | 1.2% | 0.4% |
| ROIC | 15.2% | 15.2% | 13.9% | 10.8% | -0.7% | -5.4% | 8.7% | 10.2% | 14.0% | 14.5% | 11.1% |
| ROCE | 12.7% | 12.7% | 11.5% | 9.2% | -0.6% | -4.8% | 7.5% | 8.8% | 11.6% | 11.5% | 9.3% |
CAAP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Corporación América Airports S.A. carries a Debt/EBITDA ratio of 1.9x, which is manageable (40% below the sector average of 3.2x). Net debt stands at $729M ($1.2B total debt minus $440M cash). Interest coverage of 3.8x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.77 | 0.77 | 1.68 | 1.71 | 1.88 | 1.69 | 1.02 | 0.92 | 1.86 | 1.38 | 1.30 |
| Debt / EBITDA | 1.90 | 1.90 | 2.71 | 3.61 | 10.19 | 25.97 | 2.80 | 2.46 | 3.04 | 2.44 | 3.29 |
| Net Debt / Equity | — | 0.48 | 1.22 | 1.26 | 1.39 | 1.34 | 0.85 | 0.72 | 1.59 | 1.11 | 1.08 |
| Net Debt / EBITDA | 1.19 | 1.19 | 1.97 | 2.67 | 7.55 | 20.60 | 2.35 | 1.92 | 2.59 | 1.97 | 2.73 |
| Debt / FCF | — | 1.85 | 2.82 | 3.91 | 11.00 | — | — | 4.88 | — | 5.80 | — |
| Interest Coverage | 3.80 | 3.80 | 3.49 | 1.62 | -0.14 | -1.45 | 2.48 | 2.64 | 1.60 | 1.45 | 3.46 |
CAAP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.27x 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 0.96x to 1.27x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.27 | 1.27 | 1.09 | 0.96 | 0.74 | 0.94 | 0.90 | 1.18 | 0.79 | 0.77 | 0.82 |
| Quick Ratio | 1.25 | 1.25 | 1.07 | 0.93 | 0.74 | 0.93 | 0.88 | 1.16 | 0.78 | 0.75 | 0.80 |
| Cash Ratio | 0.87 | 0.87 | 0.65 | 0.67 | 0.54 | 0.64 | 0.50 | 0.72 | 0.36 | 0.37 | 0.47 |
| Asset Turnover | — | 0.44 | 0.40 | 0.36 | 0.20 | 0.18 | 0.40 | 0.37 | 0.41 | 0.38 | 0.36 |
| Inventory Turnover | 108.75 | 108.75 | 56.76 | 61.33 | — | 82.50 | 101.41 | 100.17 | 121.16 | 113.03 | 93.22 |
| Days Sales Outstanding | — | 31.20 | 70.71 | 46.30 | 82.47 | 54.06 | 28.09 | 34.09 | 31.60 | 30.64 | 44.47 |
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 6.8% (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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | 0.2% | 2.3% | 1.3% | — | — | — |
| Payout Ratio | — | — | — | — | — | — | 247.1% | 210.0% | 37.5% | 116.5% | 577.0% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.8% | 9.4% | 9.3% | 12.0% | — | — | — | 0.6% | — | — | — |
| FCF Yield | 9.3% | 13.1% | 13.4% | 19.9% | 10.6% | — | — | 15.3% | — | — | — |
| Buyback Yield | 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% | 12.3% | 0.0% | 0.2% | 2.3% | 1.3% | — | — | — |
| Shares Outstanding | — | $161M | $161M | $161M | $161M | $160M | $160M | $178M | $160M | $148M | $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 | 14.8 | 8.1 | 10.8 | 32.7% | 22.1% | 24.3% | 15.2% | 1.9 |
 OMAB | $5B | 16.6 | 10.1 | 12.1 | 75.6% | 56.0% | 48.6% | 31.7% | 1.4 |
 PAC | $11B | 21.7 | 10.4 | 31.5 | 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 | $902M | -8.7 | 5.1 | 1.2 | 27.4% | 4.4% | -33.1% | 3.0% | 4.9 |
 CPA | $4B | 8.4 | 4.7 | 10.9 | 31.9% | 21.8% | 27.1% | 15.2% | 1.8 |
 UAL | $32B | 9.8 | 7.5 | 12.7 | 64.1% | 8.0% | 24.0% | 9.1% | 4.1 |
 AAL | $9B | 76.1 | 12.4 | — | 19.2% | 2.7% | — | 3.5% | 10.5 |
 DAL | $48B | 9.6 | 7.8 | 12.5 | 22.8% | 9.2% | 27.8% | 12.0% | 2.6 |
 JBLU | $2B | -3.0 | 31.5 | — | 33.9% | -4.1% | -25.3% | -2.7% | 32.0 |
 LUV | $20B | 52.5 | 11.6 | — | 17.4% | 1.5% | 4.8% | 3.0% | 3.0 |
| Industrials Median | — | 25.9 | 13.9 | 20.6 | 32.8% | 4.9% | 8.2% | 6.3% | 3.2 |
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Start ComparisonCAAP — 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 14.8x. The historical average is 48.9x. This places it at the 75th 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 8.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.8x.
What is Corporación América Airports S.A.'s ROE?
Corporación América Airports S.A.'s return on equity (ROE) is 24.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 5.3%.
Is CAAP stock overvalued?
Based on historical data, Corporación América Airports S.A. is trading at a P/E of 14.8x. This is at the 75th 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 32.7% gross margin and 22.1% 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 1.9x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.