Aena SA (AENA) AI Stock Analysis

• Market Cap: €35.79B
• Dividend Yield: 4.06%
• Average Volume (3M): 1.63M
• Price to Earnings (P/E): 17.7
• Beta (1Y): 0.78
• Revenue Growth: 10.04%
• EPS Growth: 10.24%
• Country: ES
• Employees: 9,511
• Sector: Services
• Sector Strength: N/A
• Industry: Airlines, Airports & Air Services
• EPS (TTM): 0.39
• Shares Outstanding: 1,500,000,000
• 10 Day Avg. Volume: 1,399,675
• 30 Day Avg. Volume: 1,627,061
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: €23.49
• Price Target Upside: -2.21% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 7

• Rating: 75 Outperform
• Price Target: €26.00 ▲(8.24% Upside)

Aena SA's strong financial performance is the most significant factor, supported by a solid balance sheet and robust cash flow. The valuation is fair with an attractive dividend yield. Technical analysis presents mixed signals, indicating potential short-term volatility.

Positive Factors

Negative Factors

Aena SA Business Overview & Revenue Model

Company Description

Aena SA (AENA) is a leading global airport management company based in Spain, operating a network of airports that include both international and domestic locations. It is primarily engaged in the management, operation, and development of airports, providing essential services such as passenger handling, terminal management, and cargo services. AENA plays a crucial role in enhancing air travel infrastructure, ensuring safety and efficiency while also focusing on sustainability and innovation in airport operations.

How the Company Makes Money

Aena generates revenue through several key streams, primarily from aeronautical and non-aeronautical activities. Aeronautical revenues are derived from fees charged to airlines for landing and takeoff services, passenger services, and other related airport operations. Non-aeronautical revenues come from retail concessions, duty-free shops, restaurants, and parking services within the airports. Additionally, AENA benefits from real estate operations and commercial leases within airport premises. Strategic partnerships with airlines and other stakeholders in the aviation industry further bolster its revenue, as well as its ongoing investments in infrastructure and technology that enhance operational efficiency and passenger experience.

Aena SA Financial Statement Overview

Summary

Aena SA demonstrates strong income statement performance with robust revenue growth and improved profitability. The balance sheet shows financial stability with no debt, and cash flow indicates healthy cash management. Overall, the financial health is strong, with a focus on maintaining growth and margins in a competitive industry.

Income Statement

Aena SA demonstrates strong income statement performance with robust revenue growth of 14.3% from 2023 to 2024. The company's net profit margin improved to 33.5% in 2024, reflecting enhanced profitability. Gross profit and EBIT margins are high at 71.7% and 46.2%, respectively, suggesting efficient cost management. However, the industry is competitive, and maintaining these growth rates could be challenging.

Balance Sheet

The balance sheet shows Aena SA has a solid equity base with a debt-to-equity ratio of 0, highlighting financial stability. The equity ratio is 48.7%, indicating a strong capital structure. Return on Equity improved significantly to 23.4%, showcasing effective utilization of shareholder funds. With no debt, financial risk is minimal, though future growth may require leveraging opportunities.

Cash Flow

The cash flow statement indicates healthy cash management, with a free cash flow growth of 120.0% from 2023 to 2024. Operating cash flow to net income ratio is 1.42, showing strong cash generation relative to profits. Free cash flow to net income ratio is 0.99, underscoring cash generation efficiency. Despite these strengths, consistent free cash flow growth will be critical for sustaining operations and dividends.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.66B	5.76B	5.04B	4.18B	2.32B	2.18B
Gross Profit	5.60B	4.13B	4.00B	2.55B	795.19M	679.48M
EBITDA	4.70B	3.64B	3.20B	2.02B	123.77M	679.26M
Net Income	2.66B	1.93B	1.63B	901.50M	-89.58M	-160.75M
Balance Sheet
Total Assets	16.52B	16.98B	17.56B	15.85B	16.33B	15.66B
Cash, Cash Equivalents and Short-Term Investments	950.33M	1.82B	2.40B	1.57B	1.47B	1.22B
Total Debt	0.00	6.99B	7.40B	7.63B	8.72B	8.11B
Total Liabilities	8.60B	8.77B	10.00B	9.21B	10.31B	9.60B
Stockholders Equity	7.97B	8.28B	7.63B	6.72B	6.10B	6.12B
Cash Flow
Free Cash Flow	1.97B	1.92B	873.65M	1.14B	-390.61M	-356.88M
Operating Cash Flow	2.83B	2.75B	2.22B	1.86B	280.47M	146.24M
Investing Cash Flow	-822.09M	-804.35M	-1.42B	-664.16M	-660.91M	-534.70M
Financing Cash Flow	-2.52B	-2.43B	-19.61M	-1.09B	619.81M	1.38B

Aena SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 24.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:AENA, the sentiment is Positive. The current price of 24.02 is above the 20-day moving average (MA) of 23.15, above the 50-day MA of 23.89, and above the 200-day MA of 22.56, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 60.56 is Neutral, neither overbought nor oversold. The STOCH value of 96.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:AENA.

Aena SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AENA	―	€35.79B	17.72	26.61%	4.06%	10.04%	10.24%
MEL	―	€1.62B	9.40	23.93%	1.94%	3.31%	44.82%
NHH	―	―	―	―	―	8.95%	64.16%
Sector *	―	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%