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Corporacion America Airports SA
(NYSE:CAAP)
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Rating:67Neutral
Price Target:
$27.00
▲(8.78% Upside)
Action:Reiterated
Date:08/27/26
The score is driven primarily by strong underlying financial performance (healthy margins, dependable free cash flow, and improved leverage), supported by generally constructive earnings-call commentary around liquidity and shareholder returns. The main offsets are weakening recent growth/EBITDA pressure in Argentina/Uruguay and a weak technical setup with the stock trading below key moving averages.
Positive Factors
Geographic Diversification
Broad-based EBITDA growth across four markets reduces dependence on any single country and supports earnings resilience. A diversified airport portfolio can also balance local traffic, regulatory and economic pressures over the medium term.
Negative Factors
Argentina Traffic and Profitability Pressure
Argentina remains a material operating market, so reduced airline capacity, weaker domestic demand and currency-related fee pressure can weigh on consolidated earnings. Recovery may depend on restored airline capacity and progress in concession rebalancing.
Read all positive and negative factors
Positive Factors
Negative Factors
Geographic Diversification
Broad-based EBITDA growth across four markets reduces dependence on any single country and supports earnings resilience. A diversified airport portfolio can also balance local traffic, regulatory and economic pressures over the medium term.
Read all positive factors
Corporacion America Airports SA (CAAP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.98B
Dividend Yield3.78%
Average Volume (3M)214.78K
Price to Earnings (P/E)14.4
Beta (1Y)0.79
Revenue Growth16.22%
EPS Growth102.59%
CountryUS
Employees6,300
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)1.70
Shares Outstanding163,178,330
10 Day Avg. Volume226,493
30 Day Avg. Volume214,783
Financial Highlights & Ratios
PEG Ratio-1.30
Price to Book (P/B)2.66
Price to Sales (P/S)2.15
P/FCF Ratio9.45
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$33.00Price Target Upside32.96% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.88
Revenue Forecast (FY)$2.10B
Corporacion America Airports SA Business Overview & Revenue Model
Company Description
Corporación América Airports S.A., through its subsidiaries, acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly known as A.C.I. Airports International S.à r...
How the Company Makes Money
CAAP generates revenue primarily by operating airports under concession or similar operating agreements and earning fees tied to passenger traffic, aircraft movements, and commercial activity at airport sites. A key revenue stream is aeronautical ...
Corporacion America Airports SA Earnings Call Summary
Earnings Call Date:Aug 18, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 18, 2026
Earnings Call Sentiment Positive
The call portrays a fundamentally strong and diversified portfolio with solid top-line growth, improved revenue per passenger, multi-market EBITDA expansion, stronger liquidity and a $150 million dividend. These positives are counterbalanced by concentrated setbacks in Argentina (weaker domestic traffic, cargo normalization and currency effects) and non-recurring costs in Uruguay that pressured consolidated EBITDA and raised operating expenses. Management expects some Argentina domestic capacity to be replaced over time and highlighted ongoing initiatives to improve cargo profitability and monetize strategic projects.Positive Updates
Top-line Revenue Growth
Total revenues (ex IFRIC 12) grew 8% year-over-year, outpacing traffic growth. Consolidated revenue per passenger rose nearly 9% to $22.9 from $21.0.
Negative Updates
Consolidated EBITDA Decline
Adjusted EBITDA (ex IFRIC 12) was $160 million, down 4.5% year-over-year, with the decline concentrated in Argentina and Uruguay.
Read all updates
Q2-2026 Updates
Positive
Negative
Top-line Revenue Growth
Total revenues (ex IFRIC 12) grew 8% year-over-year, outpacing traffic growth. Consolidated revenue per passenger rose nearly 9% to $22.9 from $21.0.
Read all positive updates
Company Guidance
Management guided that second‑half international traffic should be supported by new routes, additional frequencies and stronger inbound demand, which should help offset Argentina’s domestic headwinds from limited airline capacity (Flybondi down to 16 aircraft, planned return to 19), planned runway maintenance (Aeropark ~2 days; Acesa >15 days) and a tough cargo revenue comparison; Uruguay is expected to see revenue upside from the new ILS (revenue‑generating from August), a new VIP lounge and cargo initiatives. They emphasized financial flexibility underpinning this view with total liquidity of $861m (+20% vs $750m at YE‑2025), total debt $1.1bn, net debt $381m (from $502m), net leverage ~0.5x, and noted Q2 adjusted EBITDA ex‑IFRIC12 of $160m (‑4.5% YoY), total revenues +8% YoY, consolidated revenue per passenger +9% to $22.9, and a Board‑approved $150m cash dividend (~$0.91/share).Corporacion America Airports SA Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
74
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.00B | 1.96B | 1.84B | 1.40B | 1.38B | 706.91M |
| Gross Profit | 671.66M | 689.77M | 605.93M | 485.36M | 415.69M | 84.53M |
| EBITDA | 635.13M | 652.59M | 917.20M | 449.00M | 527.29M | 195.50M |
| Net Income | 278.49M | 247.72M | 282.67M | 239.51M | 168.17M | -117.75M |
Balance Sheet | ||||||
| Total Assets | 4.87B | 4.45B | 4.18B | 3.54B | 3.84B | 3.62B |
| Cash, Cash Equivalents and Short-Term Investments | 860.79M | 714.84M | 524.67M | 457.87M | 450.01M | 451.08M |
| Total Debt | 1.09B | 1.10B | 1.17B | 1.35B | 1.47B | 1.45B |
| Total Liabilities | 2.93B | 2.79B | 2.66B | 2.74B | 2.97B | 2.85B |
| Stockholders Equity | 1.87B | 1.59B | 1.37B | 724.98M | 716.10M | 469.73M |
Cash Flow | ||||||
| Free Cash Flow | 455.19M | 446.50M | 393.08M | 346.75M | 292.81M | 97.80M |
| Operating Cash Flow | 474.55M | 465.22M | 405.30M | 356.42M | 302.63M | 105.46M |
| Investing Cash Flow | -70.38M | -71.91M | -32.49M | -66.40M | -5.31M | 9.63M |
| Financing Cash Flow | -198.94M | -234.66M | -271.19M | -201.63M | -234.29M | -3.67M |
Corporacion America Airports SA Technical Analysis
Positive
24.82
Price Trends
23.99
Positive
24.31
Positive
24.90
Negative
Market Momentum
-0.05
Negative
56.87
Neutral
54.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CAAP, the sentiment is Positive. The current price of 24.82 is above the 20-day moving average (MA) of 23.41, above the 50-day MA of 23.99, and below the 200-day MA of 24.90, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 56.87 is Neutral, neither overbought nor oversold. The STOCH value of 54.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CAAP.
Corporacion America Airports SA Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $3.85B | 9.65 | 15.02% | 1.91% | 9.10% | 1.55% | |
77 Outperform | $7.68B | 13.10 | 31.71% | 8.57% | 23.46% | -12.16% | |
76 Outperform | $5.44B | 8.69 | 22.40% | 5.09% | 14.80% | -1.39% | |
76 Outperform | $4.78B | 14.97 | 50.53% | 5.41% | 13.97% | 14.66% | |
71 Outperform | $12.31B | 17.48 | 39.76% | 3.83% | 16.80% | 17.58% | |
67 Neutral | $3.98B | 14.36 | 16.62% | 3.78% | 16.22% | 102.59% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
CAAP
Corporacion America Airports SA
24.41
6.18
33.93%
CPA
Copa Holdings
132.31
23.80
21.93%
OMAB
Grupo Aeroportuario Del Centro
99.72
-5.33
-5.07%
PAC
Grupo Aeroportuario del Pacifico
208.17
-43.03
-17.13%
ASR
Grupo Aeroportuario del Sureste
257.33
-62.81
-19.62%
SKYW
SkyWest
99.06
-8.79
-8.15%
Corporacion America Airports SA Corporate Events
Corporación América Airports Posts Q2 2026 Revenue Growth and Declares $150 Million Dividend
Aug 18, 2026
Corporación América Airports reported its unaudited results for the second quarter and first half of 2026 on August 18, 2026, showing revenue excluding construction services up 8.2% year-on-year to $470.7 million, driven by 13.2% growth ...
Corporación América Airports Posts Higher First-Half 2026 Earnings and Files Q2 Interim Results
Aug 18, 2026
On August 18, 2026, Corporación América Airports filed a Form 6-K with the U.S. Securities and Exchange Commission, submitting its unaudited condensed consolidated interim financial statements for the three- and six-month periods ended J...
Corporación América Airports Posts July 2026 Passenger Growth on International and Armenia Gains
Aug 17, 2026
Corporación América Airports reported that total passenger traffic in July 2026 rose 1.4% year on year to 8.1 million, driven by a 7.1% increase in international passengers and strong double-digit growth in Armenia, alongside gains in It...
Corporación América Airports Publishes AA2000 Interim Results Translation for June 30, 2026
Aug 10, 2026
Corporación América Airports has furnished investors with an English translation of Aeropuertos Argentina 2000’s stand-alone condensed consolidated and individual financial statements for the quarter and six-month period ended June...
Corporación América Airports Reports June Traffic Drop as Argentina Weakness Weighs
Jul 18, 2026
Corporación América Airports S.A., a major global private airport operator with a portfolio of 52 airports across Latin America and Europe, reported mixed traffic dynamics for June 2026. The business remains heavily exposed to Argentina,...
Corporación América Airports Reshapes Brasília Airport Concession Under New Brazilian Deal
Jun 26, 2026
Corporación América Airports S.A., a leading private airport operator with 52 airports in six countries, reported passenger traffic of 86.7 million in 2025, 9.8% higher than in 2024. Listed on the NYSE as CAAP, the company focuses on acq...
Corporación América Airports Sees Stable May Traffic as International Growth Offsets Domestic Weakness
Jun 18, 2026
Corporación América Airports reported that total passenger traffic in May 2026 was broadly stable, edging down 0.2% year-on-year to 6.9 million passengers, as an 8.5% decline in domestic volumes—driven largely by weaker traffic in ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.