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Aeroports de Paris (ARRPY)
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Aeroports de Paris
(OTC:ARRPY)
Rating:67Neutral
Price Target:
$13.50
▲(6.72%Upside)
Aeroports de Paris (ARRPY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.37B
Dividend Yield3.1%
Average Volume (3M)0.00
Price to Earnings (P/E)33.7
Beta (1Y)0.63
Revenue Growth12.13%
EPS Growth-45.82%
CountryUS
Employees29,330
SectorIndustrials
Sector Strength85
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding989,610,000
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.29
Price to Sales (P/S)0.00
P/FCF Ratio1.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Aeroports de Paris Business Overview & Revenue Model
Company DescriptionAeroports de Paris SA owns and operates airports worldwide. The company operates through Aviation, Retail and Services, Real Estate, International and Airport Developments, and Other Activities segments. The Aviation segment offers security and airport safety services, such as security checkpoints, screening systems, aircraft rescue, and fire-fighting services. The Retail and Services segment provides retail activities comprising of bars, restaurants, banks, car rentals, and retails shops, as well as engages in leasing of space for terminals, advertising, restaurant, and car park services. This segment is also involved in production and supply of heat, drinking water, and access to the chilled distribution networks. The Real Estate segment engages in construction, commercialization, and lease management of office, logistic buildings, and freight terminals; and provides property leasing services for airport terminals, as well as rents serviced land. The International and Airport Developments segment designs and operates airport activities. The Other Activities segment offers telecom and cybersecurity services. It operates and manages approximately 28 airports worldwide. Aeroports de Paris SA was incorporated in 1945 and is based in Tremblay-en-France, France.
How the Company Makes MoneyAeroports de Paris generates revenue through several key streams, primarily from aviation and non-aviation activities. Aviation revenue is derived from fees charged to airlines for the use of airport facilities, including landing and parking fees, as well as passenger service charges. Non-aviation revenue comes from retail operations, real estate, and other services such as car parking and logistics. The company also benefits from commercial partnerships and investments in international airports, expanding its revenue base. Strategic collaborations with airlines and retail operators enhance its service offerings and contribute to its financial performance.
Aeroports de Paris Earnings Call Summary
Earnings Call Date:Feb 19, 2025
(Q4-2024)
| % Change Since: 5.07%|
Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment Neutral
Groupe ADP achieved record revenue and EBITDA, with strong International traffic growth and retail performance. However, challenges included a decline in net results due to accounting charges, slow Paris traffic growth, and increased expenses from a new Infrastructure Tax.Q4-2024 Updates
Positive Updates
Record Revenue and EBITDA
Revenue reached an all-time high of €6.2 billion, up 12% versus last year, and EBITDA reached a record level, surpassing targets.
International Traffic Growth
Groupe traffic exceeded 2019 levels, with strong momentum in International traffic, particularly with increases in North America, Africa, and Asia.
Strong Retail Performance
Retail performance was strong, with Extime spend per pax hitting a new record above €32, and Terminal 1 International's spend approaching €90 per passenger.
Sustainability Achievements
Delhi Airport reached level 5 of the Airport Carbon Accreditation program, and Paris platforms' decarbonization trajectory was validated by the SBTi, with ADP SA included in the CDP's A list for climate matters.
Negative Updates
Net Result Decline
The reported net result was down due to a negative non-cash accounting charge from the operation at GMR level.
Challenges in Paris Traffic Growth
Paris traffic was up only 3.7%, with domestic traffic experiencing an underlying decline and disruptions linked to ATC systems experimentations.
Impact of Infrastructure Tax
OpEx increased by 17% due to the inclusion of the new Infrastructure Tax in France, which impacted EBITDA growth in Paris activities.
Company Guidance
In the recent call, Groupe ADP provided comprehensive guidance on its financial and operational performance for 2024 and strategic outlook for the coming years. The company reported robust financial results, with revenue reaching €6.2 billion, up 12% from the previous year, and EBITDA hitting a record €2.1 billion, despite a one-off negative non-cash accounting charge impacting the net result. Traffic levels surpassed 2019 figures, with Paris airports showing strong momentum, particularly in international segments. The company plans to propose a dividend of €3 per share. Groupe ADP aims to enhance its global footprint by expanding the Extime model in Paris and internationally, while focusing on sustainability as part of its 2025 Pioneer Strategic roadmap. Additionally, they outlined a capex guidance of up to €1.4 billion for 2025, reflecting ongoing investments in mandatory and regulatory infrastructure upgrades. The group also reiterated its commitment to achieving a decarbonization trajectory, with significant achievements like Delhi Airport reaching level 5 of the Airport Carbon Accreditation program.Aeroports de Paris Financial Statement Overview
Summary
Aeroports de Paris shows strong revenue growth and operational recovery post-pandemic. However, concerns remain regarding profitability and leverage, along with challenges in maintaining consistent free cash flow growth.Income Statement
Aeroports de Paris has shown a strong recovery with a significant revenue growth rate from 2020 to 2024. Gross profit margins have improved noticeably, reflecting better cost management and revenue growth. However, net profit margins are lower due to volatile net income figures, indicating some instability in profitability.75
Positive
Balance Sheet
The company's balance sheet indicates a high debt-to-equity ratio, which poses a risk. However, there is a positive trend in equity growth and the equity ratio, suggesting a strengthening financial position. Return on equity has shown improvement but remains an area to watch.68
Positive
Cash Flow
Operating cash flows have been strong, but free cash flow has fluctuated due to capital expenditures. The free cash flow to net income ratio indicates efficient cash conversion, though the free cash flow growth has not been consistent, suggesting potential challenges in sustaining cash flow stability.70
Positive
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.16B | 5.50B | 4.69B | 2.78B | 2.14B |
| Gross Profit | 3.08B | 2.40B | 1.69B | 520.00M | 96.00M |
| EBITDA | 1.87B | 2.09B | 1.83B | 873.00M | -615.00M |
| Net Income | 342.00M | 631.00M | 516.00M | -248.00M | -1.17B |
Balance Sheet | |||||
| Total Assets | 20.18B | 19.66B | 18.84B | 18.36B | 18.57B |
| Cash, Cash Equivalents and Short-Term Investments | 2.10B | 2.44B | 2.63B | 2.38B | 3.46B |
| Total Debt | 10.14B | 9.82B | 9.84B | 10.17B | 10.79B |
| Total Liabilities | 14.67B | 14.36B | 13.93B | 14.13B | 14.31B |
| Stockholders Equity | 4.42B | 4.36B | 4.03B | 3.52B | 3.65B |
Cash Flow | |||||
| Free Cash Flow | 435.00M | 578.00M | 645.00M | 24.00M | -730.00M |
| Operating Cash Flow | 1.52B | 1.59B | 1.34B | 551.00M | 118.00M |
| Investing Cash Flow | -1.46B | -1.15B | -726.00M | -1.09B | -2.12B |
| Financing Cash Flow | -458.00M | -721.00M | -367.00M | -536.00M | 3.49B |
Aeroports de Paris Technical Analysis
Positive
12.65
Price Trends
12.63
Negative
11.71
Positive
11.67
Positive
Market Momentum
-0.02
Negative
49.42
Neutral
71.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ARRPY, the sentiment is Positive. The current price of 12.65 is above the 20-day moving average (MA) of 12.50, above the 50-day MA of 12.63, and above the 200-day MA of 11.67, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 49.42 is Neutral, neither overbought nor oversold. The STOCH value of 71.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ARRPY.
Aeroports de Paris Peers Comparison
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $5.33B | 19.75 | 44.27% | 4.34% | -10.13% | -6.82% | |
79 Outperform | $9.51B | 12.92 | 25.76% | 7.72% | 9.99% | 17.81% | |
72 Outperform | $3.41B | 23.45 | 11.32% | ― | 6.45% | -64.13% | |
70 Outperform | $11.82B | 25.29 | 36.66% | 3.71% | -2.56% | -14.94% | |
67 Neutral | $12.37B | 33.75 | 7.87% | 3.10% | 12.13% | -45.82% | |
65 Neutral | $10.75B | 15.69 | 5.29% | 1.89% | 3.09% | -27.41% |
* Industrials Sector Average
Performance Comparison
ARRPY
Aeroports de Paris
12.50
-0.02
-0.16%
OMAB
Grupo Aeroportuario Del Centro
110.21
46.43
72.80%
PAC
Grupo Aeroportuario del Pacifico
230.45
84.15
57.52%
ASR
Grupo Aeroportuario del Sureste
316.09
34.60
12.29%
CAAP
Corporacion America Airports SA
20.59
3.68
21.76%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.