Fraport AG Frankfurt Airport Services Worldwide (FRA) AI Stock Analysis

• Market Cap: €5.93B
• Dividend Yield: N/A
• Average Volume (3M): 102.23K
• Price to Earnings (P/E): 14.2
• Beta (1Y): 0.69
• Revenue Growth: 6.79%
• EPS Growth: -3.02%
• Country: DE
• Employees: 19,431
• Sector: Industrials
• Sector Strength: 90
• Industry: Airlines, Airports & Air Services
• EPS (TTM): -0.18
• Shares Outstanding: 92,468,704
• 10 Day Avg. Volume: 70,918
• 30 Day Avg. Volume: 102,227
• PEG Ratio: -10.85
• Price to Book (P/B): 1.23
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -26.48
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €63.88
• Price Target Upside: -3.14% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10

• Rating: 74 Outperform
• Price Target: €71.00 ▲(7.66%Upside)

The overall score reflects Fraport AG's strong financial recovery and stable balance sheet, which are the most significant factors. Positive technical momentum supports the score but is moderated by overbought signals. Valuation is reasonable, though the absence of a dividend yield limits its attractiveness.

Positive Factors

Financial Performance

For 2025, the company confirms FCF close to breakeven as capex will start to fall.

Future Projections

The company expects a volume turnaround with moderate traffic and single-digit EBITDA growth for FY-25.

Negative Factors

Earnings

Fraport is more exposed to EPS downgrades relative to peers due to its reliance on US travelers, business travel, and USD exposure.

Traffic Outlook

A deterioration in demand for transatlantic travel is contributing to a negative traffic outlook, impacting Fraport significantly.

Fraport AG Frankfurt Airport Services Worldwide Business Overview & Revenue Model

Company Description

Fraport AG Frankfurt Airport Services Worldwide (FRA) is a leading global airport operator based in Frankfurt, Germany. The company is responsible for managing Frankfurt Airport, one of the world's busiest airports, and provides a wide range of services including airport management, ground handling, and facility maintenance. Fraport also operates and invests in several other airports worldwide, contributing to its reputation as a major player in the international aviation sector.

How the Company Makes Money

Fraport AG generates revenue through multiple streams primarily associated with airport operations. These include aeronautical revenues from airline-related services such as landing fees, parking fees, and passenger fees. Additionally, the company earns non-aeronautical revenues from retail concessions, parking facilities, and real estate activities within the airport premises. Fraport also benefits from its international operations and investments in airports around the world, which provide additional revenue through management contracts and joint ventures. Key factors contributing to its earnings include passenger traffic, airline partnerships, and the strategic expansion of its global airport portfolio.

Fraport AG Frankfurt Airport Services Worldwide Financial Statement Overview

Summary

Fraport AG has demonstrated a strong recovery with impressive revenue growth and improved profitability margins. The balance sheet indicates better leverage management, though liabilities remain high. Cash flow is improving, supporting operational stability and potential future financial flexibility.

Income Statement

Fraport AG has demonstrated a strong recovery with impressive revenue growth from 2020 onwards. The gross profit margin has improved significantly, reflecting better cost management. Net profit margin also shows a positive trend, indicating enhanced profitability. However, the EBIT margin, while positive, suggests room for further operational efficiency.

Balance Sheet

The company's balance sheet shows a stable equity position with improving stockholders' equity over the years. The debt-to-equity ratio has improved, indicating better leverage management. The equity ratio has remained stable, suggesting a balanced asset structure. However, there is still a considerable level of total liabilities that the company needs to manage.

Cash Flow

The operating cash flow has shown consistent improvement, supporting the company's operational stability. Free cash flow, though negative in recent years, is improving, which indicates potential future financial flexibility. The company needs to focus on converting net income into cash flow more efficiently.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.43B	4.00B	3.19B	2.14B	1.68B
Gross Profit	1.13B	1.03B	824.70M	266.20M	-643.30M
EBITDA	1.56B	1.29B	940.00M	828.40M	-282.50M
Net Income	450.60M	393.20M	132.40M	82.80M	-657.60M
Balance Sheet
Total Assets	20.25B	18.89B	17.61B	16.24B	14.08B
Cash, Cash Equivalents and Short-Term Investments	3.04B	3.16B	2.76B	2.78B	1.95B
Total Debt	159.50M	11.93B	248.80M	238.50M	259.00M
Total Liabilities	15.07B	14.30B	13.48B	12.33B	10.32B
Stockholders Equity	4.83B	4.32B	3.91B	3.75B	3.62B
Cash Flow
Free Cash Flow	-86.80M	-87.40M	41.00M	-483.80M	-1.09B
Operating Cash Flow	1.18B	863.20M	787.30M	392.60M	-236.20M
Investing Cash Flow	-1.51B	-1.86B	-1.22B	-2.30B	-2.53B
Financing Cash Flow	489.90M	795.40M	882.30M	2.10B	2.47B

Fraport AG Frankfurt Airport Services Worldwide Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 65.95
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 65.95 is above the 20-day moving average (MA) of 63.42, above the 50-day MA of 61.60, and above the 200-day MA of 56.35, indicating a bullish trend. The MACD of 0.99 indicates Negative momentum. The RSI at 65.81 is Neutral, neither overbought nor oversold. The STOCH value of 74.80 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GBF	78 Outperform	€3.49B	19.16	14.62%	2.23%	15.42%	-6.80%
FRA	74 Outperform	€5.93B	14.23	9.15%	―	6.79%	-3.02%
Sector *	67 Neutral	€8.10B	20.81	6.46%	2.90%	1.89%	-38.99%
HHFA	66 Neutral	€1.83B	55.38	5.42%	0.85%	15.53%	112.91%
BNR	64 Neutral	€7.96B	15.09	11.49%	3.81%	0.10%	-15.09%