Fraport AG Frankfurt Airport Services Worldwide (DE:FRA)
XETRA:FRA
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Fraport AG Frankfurt Airport Services Worldwide
(XETRA:FRA)
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Rating:63Neutral
Price Target:
€82.00
▲(2.44% Upside)
Action:ReiteratedDate:03/19/26
The score is driven primarily by solid profitability and strong operating cash generation, offset by high leverage and a historically volatile free-cash-flow profile. Technicals are neutral-to-soft in the near term, while valuation appears reasonable based on the P/E ratio.
Positive Factors
Strong operating margins
Fraport's 2025 operating margin (~19%) and EBITDA margin (~31%) indicate durable underlying profitability following the traffic recovery. Sustained operating margins reflect structural strength in aeronautical and commercial pricing, supporting long-term cash generation and resilience to passenger volatility.
Negative Factors
High leverage
Reported debt-to-equity around 2.3–2.8 leaves the company materially levered for a capital-intensive operator. Elevated leverage reduces financial flexibility for large infrastructure cycles, increases refinancing risk in higher-rate environments, and constrains capacity to absorb revenue shocks without asset sales or equity measures.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong operating margins
Fraport's 2025 operating margin (~19%) and EBITDA margin (~31%) indicate durable underlying profitability following the traffic recovery. Sustained operating margins reflect structural strength in aeronautical and commercial pricing, supporting long-term cash generation and resilience to passenger volatility.
Read all positive factors
Fraport AG Frankfurt Airport Services Worldwide (FRA) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€7.36B
Dividend YieldN/A
Average Volume (3M)104.36K
Price to Earnings (P/E)15.0
Beta (1Y)0.70
Revenue Growth0.11%
EPS Growth2.58%
CountryDE
Employees19,431
SectorGeneral
Sector StrengthN/A
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)0.37
Shares Outstanding92,468,704
10 Day Avg. Volume78,733
30 Day Avg. Volume104,361
Financial Highlights & Ratios
PEG Ratio-3.48
Price to Book (P/B)1.25
Price to Sales (P/S)1.46
P/FCF Ratio15.42
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€81.95Price Target Upside2.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)3.78
Revenue Forecast (FY)€4.56B
Fraport AG Frankfurt Airport Services Worldwide Business Overview & Revenue Model
Company Description
Fraport AG owns and operates airports in Germany, rest of Europe, Asia, and the United States. The company primarily focuses on the operation of Frankfurt Main airport. The company operates through four segments: Aviation, Retail & Real Estate, Gr...
How the Company Makes Money
Fraport primarily generates revenue by operating and commercializing airport infrastructure—most notably Frankfurt Airport—through a mix of aviation-related charges and non-aviation commercial income, supplemented by earnings from international ai...
Fraport AG Frankfurt Airport Services Worldwide Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
52
Neutral
Cash Flow
60
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.43B | 4.43B | 4.00B | 3.19B | 2.14B |
| Gross Profit | 1.06B | 1.13B | 1.03B | 824.70M | 266.20M |
| EBITDA | 1.39B | 1.56B | 1.37B | 1.01B | 828.40M |
| Net Income | 431.80M | 450.60M | 393.20M | 132.40M | 82.80M |
Balance Sheet | |||||
| Total Assets | 20.79B | 20.25B | 18.89B | 17.61B | 16.24B |
| Cash, Cash Equivalents and Short-Term Investments | 3.20B | 3.04B | 3.16B | 2.76B | 2.78B |
| Total Debt | 12.29B | 11.16B | 11.93B | 248.80M | 238.50M |
| Total Liabilities | 15.26B | 15.07B | 14.30B | 13.48B | 12.33B |
| Stockholders Equity | 5.18B | 4.83B | 4.32B | 3.91B | 3.75B |
Cash Flow | |||||
| Free Cash Flow | 419.20M | -86.80M | -87.40M | 41.00M | -483.80M |
| Operating Cash Flow | 1.41B | 1.18B | 863.20M | 787.30M | 392.60M |
| Investing Cash Flow | -1.31B | -1.51B | -1.86B | -1.22B | -2.30B |
| Financing Cash Flow | -247.80M | 489.90M | 795.40M | 882.30M | 2.10B |
Fraport AG Frankfurt Airport Services Worldwide Technical Analysis
Positive
80.05
Price Trends
78.42
Positive
75.21
Positive
73.56
Positive
Market Momentum
0.21
Negative
58.86
Neutral
81.18
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:FRA, the sentiment is Positive. The current price of 80.05 is above the 20-day moving average (MA) of 75.20, above the 50-day MA of 78.42, and above the 200-day MA of 73.56, indicating a bullish trend. The MACD of 0.21 indicates Negative momentum. The RSI at 58.86 is Neutral, neither overbought nor oversold. The STOCH value of 81.18 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:FRA.
Fraport AG Frankfurt Airport Services Worldwide Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | €1.50B | 2.94 | 7.34% | 28.14% | -6.87% | ― | |
63 Neutral | €7.36B | 14.97 | 9.57% | ― | 0.11% | 2.58% | |
63 Neutral | €4.52B | 3.20 | 18.02% | 4.45% | 6.91% | ― | |
59 Neutral | €3.19B | 11.63 | 13.82% | 3.86% | 8.60% | 20.38% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
40 Underperform | €2.15B | 165.57 | 1.25% | 0.47% | 13.44% | 113.13% |
* General Sector Average
DE:FRA
Fraport AG Frankfurt Airport Services Worldwide
79.70
23.05
40.69%
DE:DEQ
Deutsche Euroshop
19.78
3.89
24.48%
DE:HHFA
Hamburger Hafen und Logistik
22.00
3.75
20.53%
DE:LEG
LEG Immobilien
59.80
-7.07
-10.58%
DE:SIX2
Sixt SE
72.10
0.93
1.31%
DE:TLG
TLG Immobilien
11.80
-2.26
-16.10%
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.