CORPORACIÓN AMÉRICA AIRPORTS S.A. Reports Record Earnings for FY2023 Q2
August 19, 2023
🌥️Earnings Overview
Corporación América Airports ($NYSE:CAAP) S.A. reported a total revenue of USD 422.7 million for the second quarter of FY2023, which ended on June 30, 2023, a 27.1% increase year-on-year. Net income for the same period, however, decreased slightly by 0.1%, amounting to USD 69.8 million. These results were announced on August 17, 2023.
Market Price
CORPORACIÓN AMÉRICA AIRPORTS S.A have reported record earnings for the second quarter of the fiscal year 2023. On Thursday, the company’s stock opened at $13.7 and closed at $13.4, down by 2.8% from the previous closing price of 13.8. The earnings report was released after the closing bell and showed a strong performance of the company. The strong results were attributed to CORPORACIÓN AMÉRICA AIRPORTS S.A’s ongoing expansion into new markets and improved customer service initiatives. The company’s investments in airports around the world have also contributed to its growing profits and revenue.
The company further revealed that it will be investing heavily in its international operations over the next few years as it looks to expand into new markets and increase its market share. Overall, the second quarter earnings report from CORPORACIÓN AMÉRICA AIRPORTS S.A was a positive one, showing strong growth and profitability for the company. Despite the stock dropping on Thursday, investors remain optimistic about the company’s outlook and future growth prospects. 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 |
| 1.59k | 172.61 | 7.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CAAP. More…
| Operations | Investing | Financing |
| 366.69 | 36.68 | -254.3 |
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 | 3.07k | 5.23 |
Key Ratios Snapshot
Some of the financial key ratios for CAAP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.8% | 65.4% | 25.4% |
| FCF Margin | ROE | ROA |
| 22.3% | 31.5% | 6.2% |
Analysis
As GoodWhale, we recently carried out an analysis on CORPORACIÓN AMÉRICA AIRPORTS S.A’s wellbeing. Based on the Star Chart, we classified CORPORACIÓN AMÉRICA AIRPORTS S.A as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. This type of company is likely to attract a wide range of investors, from those looking for solid, long-term investments to those seeking short-term gains. In terms of financial health, CORPORACIÓN AMÉRICA AIRPORTS S.A has an intermediate health score of 4/10 with regard to its cashflows and debt. This indicates that the company is likely to be able to pay off debt and fund future operations. Overall, CORPORACIÓN AMÉRICA AIRPORTS S.A is strong in its competitive advantage and medium in terms of its growth, profitability, and assets. It has a weak dividend performance, which may be an area of concern for potential investors. Nevertheless, given the stability and growth potential of this company, it is likely to be an attractive investment opportunity for many kinds of investors. 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 good results for the Q2 of FY2023, with total revenue up 27.1% compared to last year. Net income was slightly lower by 0.1%, but still remained in positive territory. Investors should take note that the company is continuing to grow despite the challenging economic environment and could be an attractive investment opportunity. Further analysis of the financials and operational performance of the company is recommended before making an investment decision.
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