CAAP Intrinsic Value Calculation – CORPORACIÓN AMÉRICA AIRPORTS S.A Reports Earnings Results for FY2023 Q3 as of September 30 2023
November 25, 2023
🌥️Earnings Overview
On November 15 2023, CORPORACIÓN AMÉRICA AIRPORTS S.A ($NYSE:CAAP) revealed its Q3 FY2023 financials, ending September 30 2023. Revenue for the quarter showed a year-over-year increase of 18.7%, reaching USD 469.5 million, while net income saw a decrease of 18.8% to USD 46.5 million.
Price History
CORPORACIÓN AMÉRICA AIRPORTS S.A recently reported its earnings results for the third quarter of fiscal year 2023, ended on September 30 2023. On Wednesday, the stock opened at $11.8 and closed at $12.0, representing a 1.9% increase from the previous closing price of $11.8. The latest results demonstrate a strong financial performance by the company, which is to be expected considering its recent growth and development in Latin America.
In addition to its financial performance, CORPORACIÓN AMÉRICA AIRPORTS S.A also reported solid operational performance during the quarter. With such strong performance, CORPORACIÓN AMÉRICA AIRPORTS S.A remains well-positioned to continue its growth into the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CAAP. More…
| Total Revenues | Net Income | Net Margin |
| 1.65k | 155.19 | 11.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CAAP. More…
| Operations | Investing | Financing |
| 436.89 | -46.17 | -202 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CAAP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.06k | 3.04k | 3.41 |
Key Ratios Snapshot
Some of the financial key ratios for CAAP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.1% | 0.3% | 20.6% |
| FCF Margin | ROE | ROA |
| 25.8% | 25.9% | 5.2% |
Analysis – CAAP Intrinsic Value Calculation
GoodWhale’s analysis of CORPORACIÓN AMÉRICA AIRPORTS S.A’s financials showed an intrinsic value of around $7.9, calculated using our proprietary Valuation Line. As of today, the stock is trading at a price of $12.0, representing an overvaluation of 52.8%. This indicates that the stock may not be the best investment at this point in time, although this could change depending on the performance of the company in the future. More…
Peers
Its main competitors in the sector are easyJet PLC, ENAV SpA, and Grupo Aeroportuario del Sureste SAB de CV. All four of these companies strive to deliver the highest quality of services to passengers and cargo customers, with a commitment to meeting the needs of their customers.
– easyJet PLC ($LSE:EZJ)
easyJet PLC is a British low-cost airline carrier operating both domestic and international flights. The company is known for its competitive fares and efficient services, as well as its commitment to sustainability and green initiatives. easyJet PLC has a market capitalization of 3.62 billion GBP as of 2023, reflecting a year-on-year increase of almost 10%. In addition, the company’s Return on Equity (ROE) has been negative, at -1.63%, indicating that the company is underperforming its peers in terms of profitability. Despite this, easyJet remains one of the leading low-cost airlines in Europe and is well positioned to capitalize on increased air travel in the future.
– ENAV SpA ($BER:ENV)
TENAV SpA is an Italian company with a market capitalization of 2.11 billion as of 2023. The company specializes in the design, manufacturing, and installation of electrical instrumentation and automation systems for the oil, gas, and automotive industries. Its Return on Equity is 9.85%, which indicates that the company has managed to generate solid returns for its investors. The company is well-positioned in the industry and should continue to generate strong financial performance going forward.
– Grupo Aeroportuario del Sureste SAB de CV ($OTCPK:ASRMF)
Grupo Aeroportuario del Sureste SAB de CV is a Mexican airport operator based in Cancun, Mexico. As of 2023, the company has achieved a market capitalization of 8.8 billion dollars and a return on equity of 23.0%. The company’s primary business is the management and operation of 13 airports in the southeastern region of Mexico. Notable airports include Cancun International Airport, Cozumel International Airport, and Huatulco International Airport. The company also provides services such as air transportation, passenger service, cargo handling, and related activities at those airports.
Summary
CORPORACIÓN AMÉRICA AIRPORTS S.A reported its earnings for Q3 of FY2023 on November 15, 2023. Revenue for the quarter was up 18.7% year over year, at USD 469.5 million. Net income however, fell by 18.8% compared to the same period of the previous year, reaching USD 46.5 million.
These results suggest that CORPORACIÓN AMÉRICA AIRPORTS S.A is still recovering from the impacts of the pandemic, but has the potential for further growth in the future. Despite the decline in net income, investors are likely to remain optimistic about the company’s prospects, given its strong revenue growth and potential for growth in the coming quarters.
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