Corporacion America Airports S.A.CAAP

NYSEIndustrialsAirports, Flying Fields & Airport Terminal Services
Price (close)
$23.88
Market cap
$3.9B
P/E
15.9x
Revenue (FY)
$2.0B
Net income
$247.7M
Dividend yield
3.80%
1-year total return
32.2%
Net margin
12.6%
Revenue growth
6.4%
Debt / equity
0.60x

What Corporacion America Airports S.A. does.

We acquire, develop and operate airport concessions, positioning ourselves as a leading private airport operator in the world. As of the date of this annual report, we operate 52 airports across Latin America, Europe, and Eurasia. Since 1998, when we acquired the AA2000 Concession Agreement, we have expanded the markets and geographies in which we operate by acquiring airport concessions in Armenia, Uruguay, Ecuador, Brazil, Italy, and additional concessions in Argentina.

We operate some of the largest and most important airports in the countries where we conduct operations, including major international airports, such as Ezeiza Airport in Argentina; domestic airports, such as Brasilia Airport in Brazil and Aeroparque Airport in Argentina; airports in tourist destinations, such as Bariloche and Iguazu in Argentina, the Galapagos Ecological Airport in Ecuador, and Florence Airport in Italy, as well as mid-sized domestic and tourist destination airports. We have also recently been awarded the concessions to operate the Baghdad International Airport in Iraq and the António Agostinho Neto International Airport (“AIAAN”) in Angola, for which the definitive concession agreements are currently under negotiation.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$607.4M$706.9M$1.4B$1.4B$1.8B$2.0B
Net income-$253.1M-$117.8M$168.2M$239.5M$282.7M$247.7M
Free cash flow-$8.1M$100.3M$293.5M$346.8M$393.1M$448.5M

More on CAAP.

Figures from Corporacion America Airports S.A.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.