Corporacion America Airports SA (CAAP) AI Stock Analysis

• Market Cap: $3.72B
• Dividend Yield: N/A
• Average Volume (3M): 201.32K
• Price to Earnings (P/E): 25.8
• Beta (1Y): 0.82
• Revenue Growth: 10.45%
• EPS Growth: -62.52%
• Country: US
• Employees: 6,100
• Sector: Industrials
• Sector Strength: 72
• Industry: Airlines, Airports & Air Services
• EPS (TTM): 0.30
• Shares Outstanding: 163,086,820
• 10 Day Avg. Volume: 220,566
• 30 Day Avg. Volume: 201,318
• PEG Ratio: 0.59
• Price to Book (P/B): 2.19
• Price to Sales (P/S): 1.63
• P/FCF Ratio: 7.64
• Enterprise Value/Market Cap: 0.94
• Enterprise Value/Revenue: 1.87
• Enterprise Value/Gross Profit: 5.69
• Enterprise Value/Ebitda: 5.97
• 1Y Price Target: $24.50
• Price Target Upside: 36.64% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 1.39
• Revenue Forecast (FY): $1.85B

• Rating: 72 Outperform
• Price Target: $25.00 ▲(39.43% Upside)

Corporacion America Airports SA's overall stock score is driven by strong earnings call performance and solid financials, despite a high valuation. The positive technical indicators further support the stock's potential, although the lack of a dividend yield and some regional traffic declines are minor concerns.

Corporacion America Airports SA Business Overview & Revenue Model

Company Description

Corporacion America Airports SA (CAAP) is a leading global airport operator, primarily engaged in the development, management, and operation of airports in Latin America and Europe. The company operates a diverse portfolio of airports, offering services that include passenger terminal operations, cargo handling, and ground services. With a strong focus on enhancing customer experience and operational efficiency, CAAP is committed to fostering connectivity and supporting regional economic growth through its airport infrastructure.

How the Company Makes Money

Corporacion America Airports SA generates revenue through multiple streams associated with its airport operations. The primary revenue sources include aeronautical revenues from airlines, such as landing fees, takeoff fees, and passenger service charges. Additionally, CAAP earns non-aeronautical revenues from commercial activities, which encompass retail, duty-free shops, food and beverage concessions, and advertising within the airport premises. The company also benefits from cargo handling services and logistics operations. Strategic partnerships with airlines and other industry stakeholders enhance its service offerings and revenue potential. The operational efficiency and passenger traffic growth at the airports under CAAP's management significantly contribute to its financial performance.

Corporacion America Airports SA Financial Statement Overview

Summary

Corporacion America Airports SA demonstrates solid financial performance with consistent revenue growth and strong operational margins. The company has improved its leverage position, but there is room for enhancing return on equity. Cash flow generation is robust, although a decline in operating cash flow warrants attention. Overall, the company is on a stable financial trajectory with potential for further improvement.

Income Statement

Corporacion America Airports SA has shown consistent revenue growth, with a TTM revenue growth rate of 3.37%. The company maintains a healthy gross profit margin of 32.88% and a net profit margin of 7.67% in the TTM period. However, the net profit margin has decreased from the previous year, indicating some pressure on profitability. The EBIT and EBITDA margins are strong, reflecting efficient operational management.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.78 in the TTM period, indicating better leverage management compared to previous years. However, the return on equity has decreased to 10.20%, suggesting reduced efficiency in generating returns from equity. The equity ratio stands at a moderate level, indicating a balanced capital structure.

Cash Flow

The free cash flow growth rate is positive at 6.33% in the TTM period, showing improvement in cash generation. The operating cash flow to net income ratio is 0.60, indicating a reasonable conversion of net income into cash. The free cash flow to net income ratio is high at 95.81%, reflecting strong cash flow management. However, the operating cash flow has decreased compared to the previous year, which could impact future liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.86B	1.84B	1.40B	1.38B	706.90M	607.36M
Gross Profit	611.56M	608.83M	483.42M	415.60M	84.60M	-46.23M
EBITDA	582.85M	920.66M	448.11M	494.23M	199.27M	-67.82M
Net Income	142.57M	282.67M	239.51M	168.17M	-159.78M	-361.89M
Balance Sheet
Total Assets	4.34B	4.18B	3.54B	3.84B	3.62B	3.41B
Cash, Cash Equivalents and Short-Term Investments	595.24M	524.67M	457.87M	451.96M	451.08M	354.93M
Total Debt	1.15B	1.17B	1.35B	1.47B	1.45B	1.36B
Total Liabilities	2.76B	2.66B	2.74B	2.97B	2.85B	2.60B
Stockholders Equity	1.47B	1.37B	724.98M	716.10M	469.73M	489.41M
Cash Flow
Free Cash Flow	328.15M	393.08M	346.75M	278.84M	97.80M	-8.21M
Operating Cash Flow	341.91M	405.30M	356.42M	287.93M	105.46M	738.00K
Investing Cash Flow	-26.70M	-32.49M	-66.40M	9.39M	9.63M	1.72M
Financing Cash Flow	-253.73M	-271.19M	-201.63M	-234.29M	-3.67M	90.54M

Corporacion America Airports SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 17.93
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CAAP, the sentiment is Positive. The current price of 17.93 is below the 20-day moving average (MA) of 22.44, below the 50-day MA of 20.00, and below the 200-day MA of 19.76, indicating a bullish trend. The MACD of 0.81 indicates Positive momentum. The RSI at 70.84 is Negative, neither overbought nor oversold. The STOCH value of 55.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CAAP.

Corporacion America Airports SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OMAB	77 Outperform	$4.98B	18.38	53.28%	4.22%	-2.04%	-3.82%
CPA	74 Outperform	$4.86B	7.30	26.69%	5.69%	1.36%	6.84%
ASR	73 Outperform	$9.28B	16.36	24.69%	12.86%	8.70%	-21.15%
CAAP	72 Outperform	$3.72B	25.76	13.25%	―	10.45%	-62.52%
SKYW	70 Outperform	$3.86B	9.19	17.42%	―	19.27%	78.26%
PAC	65 Neutral	$11.67B	23.06	46.45%	5.27%	11.58%	1.15%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Corporacion America Airports SA Corporate Events

Corporación América Airports Reports Strong Q3 2025 Results with Record EBITDA

On November 24, 2025, Corporación América Airports S.A. reported strong financial results for the third quarter of 2025, highlighting a significant increase in passenger traffic and revenue. The company achieved a record high Adjusted EBITDA of $194 million, with a 5.2 percentage point expansion in margin year-over-year. The results were driven by robust growth in both aeronautical and commercial revenues, supported by strategic initiatives to enhance passenger experience and commercial offerings. The company also maintained a strong liquidity position with $540 million in cash and equivalents, and a net debt to LTM Adjusted EBITDA ratio of 0.9x. The announcement reflects the company’s solid execution and strategic focus on revenue growth and profitability, with ongoing projects in various regions and new business developments in Iraq and Angola.

Corporación América Airports S.A. Reports Strong Financial Results for Q3 2025

Corporación América Airports S.A. released its unaudited condensed consolidated interim financial statements for the three and nine-month periods ending September 30, 2025, and 2024. The report highlights a revenue increase from $461.8 million to $527.3 million for the three-month period and from $1.37 billion to $1.40 billion for the nine-month period in 2025 compared to 2024. The company’s gross profit also rose, indicating improved operational efficiency. These financial results suggest a positive trajectory for the company, potentially strengthening its position in the airport management industry and providing reassurance to stakeholders about its financial health.

Corporación América Airports Reports Strong October 2025 Traffic Growth

In October 2025, Corporación América Airports S.A. reported a 10.2% year-on-year increase in passenger traffic, with significant growth in Argentina, where traffic rose by 11.6%. The company also noted improvements in international passenger traffic, particularly in Argentina and Armenia, and a 6.9% increase in aircraft movements. These developments highlight the company’s robust recovery and growth in the aviation sector, despite challenges such as high airfares and security concerns in some regions. The increase in passenger and cargo volumes, along with strategic airline partnerships, positions the company favorably within the industry.

Corporación América Airports S.A. Releases AA2000 Financial Statements for Q3 2025

Corporación América Airports S.A. announced that its Argentine subsidiary, Aeropuertos Argentina 2000 S.A. (AA2000), has filed its quarterly financial statements for the period ending September 30, 2025. These statements, prepared in accordance with International Financial Reporting Standards, are available in both Spanish and English and have been audited according to international standards. The financial statements are intended for informational purposes and highlight differences from the consolidated financial data of the parent company, CAAP, due to variations in reporting currency and transition dates to IFRS. This release is crucial for stakeholders as it provides transparency and insight into the financial health of AA2000, although it is not directly comparable to CAAP’s consolidated financial statements.

Corporación América Airports to Operate Baghdad International Airport

On November 5, 2025, Corporación América Airports S.A. announced that its consortium with Amwaj International for Real-Estate Investments Co. Ltd. signed an award agreement with the Government of Iraq to operate Baghdad International Airport. This agreement follows an international tender process where the consortium’s proposal was deemed the most competitive by Iraq’s Ministry of Transport, with oversight from the International Finance Corporation. The agreement marks a significant step in modernizing Baghdad’s airport infrastructure, aiming to enhance connectivity and economic growth in Iraq. This development is expected to boost the company’s operations and position in the global airport management industry.

Corporación América Airports Reports Strong Passenger Traffic Growth in September 2025

In September 2025, Corporación América Airports S.A. reported a 9.4% year-on-year increase in total passenger traffic, with a notable 13.3% rise in Argentina. The growth was driven by strong domestic and international traffic, particularly in Argentina and Italy, despite challenges in Uruguay and Ecuador. Cargo volume, however, saw a decline across most regions, except Ecuador. Aircraft movements increased by 7.0% year-on-year, with Argentina, Brazil, and Italy contributing significantly to this growth.

Corporación América Airports Reports August 2025 Traffic Surge

On September 17, 2025, Corporación América Airports S.A. reported a 10.2% year-on-year increase in passenger traffic for August 2025, with significant growth in Argentina, Brazil, and Italy. Argentina led the growth, with a 13.5% increase in total passenger traffic, despite disruptions from a union strike. Cargo volume, however, saw an 8.2% decline, with decreases across all operational countries, while aircraft movements increased by 7.2% year-on-year.