| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 85 | 14.2x | 17.3x | Top tier | |
Growth | 59 | 1.8% | 7.1% | Around median | |
Quality | 79 | 13.4% | 4.5% | Top tier | |
Safety | 70 | 0.6x | 2.6x | Top tier | |
Capital Return | 23 | 0.00% | 0.06% | Bottom tier | |
Momentum | 59 | 32.3% | -1.6% | Around median | |
Sentiment | 71 | 3 | 3 | Top tier |
The floor: what the company is worth if growth stopped today
3% of today's price is what a buyer pays for growth that has not happened yet.
10-year US Treasury yield 5.00% as of 2026-10-23. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Corporacion America Airports S.A. operates a portfolio of airport concessions across Argentina, Italy, Brazil, Uruguay, Armenia, and Ecuador. It generates revenue from aeronautical activities, such as passenger fees and services related to air traffic, and from commercial activities, including cargo, VIP lounges, space rentals, parking, food and beverages, and duty-free shops; in Q2 FY2026, aeronautical revenue increased 4% and commercial revenue increased 13%.
In Q2 FY2026, revenue reached $534 million, exceeding estimates of $497.52 million, while earnings per share were $0.32 versus estimates of $0.51. Excluding the impact of IFRIC 12, revenue increased 8%, but adjusted earnings before interest, taxes, depreciation, and amortization declined 4.5% to $160 million, representing a calculated margin of approximately 30% of reported revenue; revenue per passenger also increased by approximately 9% to $22.9, despite passenger traffic remaining stable at nearly 21 million passengers.
For FY2025, revenue increased to $2.0 billion from $1.8 billion in FY2024, and gross profit rose to $689.8 million from $605.9 million. However, net income declined to $247.7 million from $282.7 million, and earnings per share fell to $1.52 from $1.75, showing that revenue growth did not fully translate into net income growth.
The analyst consensus is Buy, with an average price target of $24.4 and a wide range between $17.8 and $31; the average is below the 52-week range high of $30.5, while the upper end slightly exceeds that high. No price-to-earnings ratio is available in the provided data, so revenue growth, strong liquidity, and the first dividend should be weighed against the decline in earnings per share in FY2025, the decrease in adjusted operating earnings in Q2 FY2026, and the significant variation among analysts’ targets.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Revenue reached $534 million, exceeding analysts’ estimates of $497.52 million, and revenue excluding IFRIC 12 grew 8%. Conversely, earnings per share were $0.32 versus estimates of $0.51, and adjusted earnings before interest, taxes, depreciation, and amortization declined 4.5% to $160 million. Passenger traffic remained stable at approximately 21 million, while revenue per passenger increased nearly 9% to $22.9.
Costs and expenses excluding IFRIC 12 increased 16% in Q2 FY2026, twice the 8% revenue growth rate. Argentina was affected by lower domestic traffic and an exceptionally high comparison base for cargo storage revenue in April 2025, causing its adjusted operating earnings to decline 21%. Uruguay also incurred costs related to implementing a new automated landing system and nonrecurring expenses, reducing its adjusted operating earnings by 16%.
On August 18, 2026, the board of directors approved total cash dividends of $150 million, equivalent to approximately $0.91 per share. The decision was supported by liquidity of $861 million, net debt of $381 million, and net leverage of 0.5 times at the end of Q2 FY2026. Management explained that any future distributions would remain subject to the operating companies’ needs, investment programs, and growth opportunities, so it made no commitment to a fixed recurring dividend.
Automated analysis for informational purposes only — not investment advice.
Argentina’s total traffic declined approximately 6% and domestic traffic fell nearly 12% in Q2 FY2026, mainly due to Flybondi reducing its operating fleet and higher fuel prices. Conversely, international traffic increased 4%, and performance improved in July 2026 to 5% international growth, while domestic traffic remained down 10%. Management expects domestic capacity pressure to continue during the following months, with the possibility that other airlines may gradually add seats over time.
In Q2 FY2026, adjusted earnings before interest, taxes, depreciation, and amortization increased 32% at Brasilia Airport, 21% in Armenia, 19% in Italy, and 17% in Ecuador. Armenia recorded passenger traffic growth of 13% during the quarter, accelerating to 17% in July 2026, supported by traffic with Europe and new routes. Italy also benefited from 6.4% growth in international traffic, while Ecuador benefited from international growth exceeding 8% and additional services and frequencies from airlines named on the call, such as Avianca, JetBlue, LATAM, and American Airlines.
The main risks are limited domestic capacity in Argentina, the difficult comparison base for cargo revenue, and runway maintenance scheduled between October and November 2026. The economic equilibrium adjustment for the Argentina concession also remained nonbinding as of the August 18, 2026 call, leaving the timing and terms of the settlement unresolved. Outside Argentina, Middle East traffic in Armenia was affected by conflict and airspace restrictions, while security concerns continued to pressure domestic demand in Ecuador.