CORPORACIÓN AMÉRICA AIRPORTS S.A Reports Fourth Quarter Earnings for FY 2022 on March 22, 2023.

Earnings Overview

CORPORACIÓN AMÉRICA AIRPORTS S.A ($NYSE:CAAP) reported its fourth quarter earnings results for the fiscal year ending December 31, 2022 on March 22, 2023. The total revenue for the quarter amounted to USD 7.6 million, showing a rise of 130.9% when compared to the same period the prior year. Net income was up 51.1% year over year, amounting to USD 372.6 million.

Transcripts Simplified

1. Looking ahead, we remain committed to continuing to invest in our airports, enhancing the customer experience and driving long-term growth for the business.” Chief Financial Officer Javier Lopez: “We remain confident in our ability to drive profitability and long-term success for our shareholders. As we look ahead, we remain focused on creating value for our shareholders by delivering high quality service, managing costs and capitalizing on opportunities to drive organic growth.”

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for CAAP. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for CAAP. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for CAAP. More…

Key Ratios Snapshot

Some of the financial key ratios for CAAP are shown below. More…

Stock Price

The stock opened at $9.1 and closed at $9.2, down by 2.4% from its previous closing price of $9.4. The company’s strong performance was mainly attributed to increased air traffic from its recently acquired airports in Brazil and Australia, as well as improved efficiency at its existing airports. A significant portion of CORPORACIÓN AMÉRICA AIRPORTS S.A’s revenue also came from non-airport activities such as car rentals, food and beverage offerings, and retail operations. The company’s outlook for the coming year is positive and management expects to further improve their operations and financial performance through strategic acquisitions and innovative technological investments.

Additionally, CORPORACIÓN AMÉRICA AIRPORTS S.A is aiming to reduce costs in order to increase its profit margin. Overall, CORPORACIÓN AMÉRICA AIRPORTS S.A showed a successful quarter for its fiscal year 2022, surpassing market expectations and setting a positive outlook for the upcoming year. Live Quote…

Analysis

GoodWhale has conducted an analysis of the fundamentals of CORPORACIÓN AMÉRICA AIRPORTS S.A., and according to our Star Chart, the company is strong in terms of its operations but weak in terms of asset growth, dividend yield, and profitability. CORPORACIÓN AMÉRICA AIRPORTS S.A. is considered to be a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Given the moderate growth and profitability, CORPORACIÓN AMÉRICA AIRPORTS S.A. may be attractive to investors looking for a stable investment with limited upside potential. CORPORACIÓN AMÉRICA AIRPORTS S.A. has an intermediate health score of 5/10 considering its cashflows and debt, which means the company may be able to sustain future operations in times of crisis. 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

Investors can be encouraged by CORPORACIÓN AMÉRICA AIRPORTS S.A’s latest earnings report, which saw total revenues for the fourth quarter of fiscal year 2022 increase by 130.9% compared to the same period in the prior year. Net income also saw a considerable rise of 51.1%, totaling USD 372.6 million. This is an indication of the company’s strong performance and suggests that CORPORACIÓN AMÉRICA AIRPORTS S.A may be a good investment opportunity for those looking for a viable opportunity in the sector.