Aeroports de Paris ADP (FR:ADP)
:ADP
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Aeroports de Paris ADP
(ADP)
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Rating:62Neutral
Price Target:
€110.00
▼(-3.93% Downside)
Action:ReiteratedDate:02/20/26
The score is driven by solid operating profitability and steady operating cash generation, but is held back by high leverage, weak/volatile free cash flow in 2025, and a relatively expensive valuation (P/E ~30.8). Technicals are supportive with the stock trading above major moving averages, providing a partial offset.
Positive Factors
Operating profitability
High operating and EBITDA margins indicate the airport platform earns healthy unit economics from aeronautical and commercial activities. Durable operating profitability supports reinvestment and debt service across traffic cycles and underpins long-term cash generation capacity.
Negative Factors
High leverage
Debt near ~2.4x equity leaves ADP meaningfully leveraged for an infrastructure-like business, increasing sensitivity to higher rates and refinancing risk. Elevated leverage constrains financial flexibility for capex, acquisitions or shareholder returns and heightens downside risk in shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating profitability
High operating and EBITDA margins indicate the airport platform earns healthy unit economics from aeronautical and commercial activities. Durable operating profitability supports reinvestment and debt service across traffic cycles and underpins long-term cash generation capacity.
Read all positive factors
Aeroports de Paris ADP (ADP) vs. iShares MSCI France ETF (EWQ)
Market Cap
€10.85B
Dividend Yield2.69%
Average Volume (3M)74.95K
Price to Earnings (P/E)9.7
Beta (1Y)1.09
Revenue Growth8.87%
EPS Growth11.59%
CountryFR
Employees29,330
SectorGeneral
Sector StrengthN/A
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)2.80
Shares Outstanding98,960,600
10 Day Avg. Volume92,483
30 Day Avg. Volume74,953
Financial Highlights & Ratios
PEG Ratio2.43
Price to Book (P/B)2.53
Price to Sales (P/S)1.64
P/FCF Ratio42.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€127.00Price Target Upside10.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)5.96
Revenue Forecast (FY)€6.91B
Aeroports de Paris ADP Business Overview & Revenue Model
Company Description
Aeroports 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 ai...
How the Company Makes Money
ADP makes money primarily by operating airports and monetizing passenger and airline activity through a mix of regulated and commercial revenues.
1) Aviation (aeronautical) revenues: ADP charges airlines and other aviation customers fees linked t...
Aeroports de Paris ADP Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
53
Neutral
Cash Flow
50
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.70B | 6.16B | 5.50B | 4.69B | 2.78B |
| Gross Profit | 3.36B | 3.98B | 2.40B | 1.69B | 520.00M |
| EBITDA | 2.32B | 2.05B | 2.13B | 1.83B | 873.00M |
| Net Income | 381.00M | 342.00M | 631.00M | 516.00M | -248.00M |
Balance Sheet | |||||
| Total Assets | 20.27B | 20.18B | 19.66B | 18.84B | 18.36B |
| Cash, Cash Equivalents and Short-Term Investments | 1.89B | 2.17B | 2.44B | 2.63B | 2.38B |
| Total Debt | 9.99B | 10.67B | 9.82B | 9.84B | 10.17B |
| Total Liabilities | 14.86B | 14.67B | 14.36B | 13.93B | 14.13B |
| Stockholders Equity | 4.35B | 4.42B | 4.36B | 4.03B | 3.52B |
Cash Flow | |||||
| Free Cash Flow | 257.00M | 435.00M | 578.00M | 645.00M | 24.00M |
| Operating Cash Flow | 1.52B | 1.52B | 1.59B | 1.34B | 551.00M |
| Investing Cash Flow | -1.10B | -1.46B | -1.25B | -726.00M | -1.09B |
| Financing Cash Flow | -456.00M | -458.00M | -721.00M | -367.00M | -536.00M |
Aeroports de Paris ADP Technical Analysis
Positive
114.50
Price Trends
111.58
Positive
114.14
Positive
114.39
Positive
Market Momentum
1.28
Negative
57.91
Neutral
42.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ADP, the sentiment is Positive. The current price of 114.5 is above the 20-day moving average (MA) of 109.00, above the 50-day MA of 111.58, and above the 200-day MA of 114.39, indicating a bullish trend. The MACD of 1.28 indicates Negative momentum. The RSI at 57.91 is Neutral, neither overbought nor oversold. The STOCH value of 42.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:ADP.
Aeroports de Paris ADP Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | €1.24B | 10.12 | ― | 3.96% | 12.77% | 15.61% | |
64 Neutral | €19.86B | 14.13 | 8.45% | 4.51% | 0.22% | 5.95% | |
62 Neutral | €10.85B | 9.68 | 2.20% | 2.69% | 8.87% | 11.59% | |
61 Neutral | €14.84B | 40.77 | ― | 1.73% | ― | ― | |
58 Neutral | €2.42B | 1.91 | ― | ― | 4.92% | 527.81% | |
56 Neutral | €10.14B | 29.95 | 15.99% | 2.64% | 0.59% | -31.29% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
FR:ADP
Aeroports de Paris ADP
109.00
3.28
3.10%
FR:AC
Accor SA
42.89
1.19
2.84%
FR:AF
AIR France KLM
9.04
1.34
17.44%
FR:BOL
Bollore
5.31
0.02
0.44%
FR:EN
Bouygues
51.62
15.46
42.77%
FR:CDA
Compagnie des Alpes
24.40
8.45
52.98%
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.