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Aeroports de Paris (ARRPY) AI Stock Analysis
Aeroports de Paris
(Other OTC:ARRPY)
ARRPY earns a moderate score. Financial fundamentals are the main drag: despite a solid revenue and EBITDA recovery, margins and return on equity are compressing, free cash flow fell 56% on heavy capex, and leverage of €10.6 billion in debt (2.44x equity, 3.9x EBITDA) limits flexibility. Technically the stock is constructive, trading above all key moving averages with positive MACD, though the move is short-term extended. Valuation is fair at 18.8x earnings with an attractive 3.54% yield backed by a 60% payout policy. The latest earnings call added a mixed signal: a landmark regulatory agreement and a sizeable asset monetization that should cut leverage toward ~3.1x, weighed against reduced traffic and EBITDA guidance, geopolitically driven demand weakness and lingering regulatory approval risk.
Aeroports de Paris (ARRPY) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $11.46B
- Dividend Yield
- 3.56%
- Average Volume (3M)
- 669
- Price to Earnings (P/E)
- 18.7
- Beta (1Y)
- 0.74
- Revenue Growth
- 12.64%
- EPS Growth
- 591.94%
- Country
- US
- Employees
- 30,333
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Airlines, Airports & Air Services
Aeroports de Paris Business Overview & Revenue Model
Company Description
Aeroports de Paris S.A. is a leading international enterprise specializing in the ownership and management of airport facilities across the globe. Its diverse business model is segmented into Aviation, Retail and Services, Real Estate, International...
How the Company Makes Money
Groupe ADP primarily makes money by operating airports and monetizing passenger and airline traffic through a mix of regulated and commercial revenue streams. 1) Aviation (airport) charges to airlines and operators: A core portion of revenue comes fr...
Aeroports de Paris Earnings Call Summary
The call presented strong evidence of operational resilience and meaningful strategic progress: modest revenue growth (+1.6%), recurring EBITDA down only ~1%, a material one-off monetization gain (EUR 257 million) boosting net income, a clear path on the multi-year ERA with EUR 8.2 billion regulated investment and an identified productivity plan (~EUR 650 million). At the same time, management acknowledged significant near-term headwinds—soft demand related to geopolitical effects (notably AIG -15%), retail weakness, elevated net debt (EUR 9.1bn, 3.9x leverage) and remaining regulatory approval risk. Overall, positives around execution, balance-sheet de‑risking and regulatory milestone weigh heavier than the operational and timing challenges disclosed, but continued execution and regulatory sign-off remain critical to realize the upside.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
The call updated 2026 guidance and longer‑term ERA parameters: Paris traffic is now guided to around +0.5% for 2026 (group average traffic outlook 1.9% p.a. 2026–2034), Extime spend per pax broadly stable at ~EUR 32, recurring EBITDA now expected at EUR 2.30–2.35 billion (including EUR 40–60 million of 2026 savings, roughly half structural), group CapEx roughly unchanged at ~EUR 1.45 billion for 2026, net debt expected around 3.8x recurring EBITDA (net debt was EUR 9.1 billion at end‑June, leverage 3.9x; the GMR monetization crystallized EUR 257 million and would reduce net debt by >EUR 1.3 billion pro forma to ~3.1x), and dividend policy maintained at a 60% payout ratio (flow ~EUR 3/share). On the ERA, the proposal confirms EUR 8.2 billion of regulated investment over eight years, a regulated WACC target/convergence of 5.8% (ART range 5.1–5.9%), tariff trajectory CPI+4 pts for the first two years then CPI+1.5 (capped at CPI+2.1 pts on average), regulated OpEx contained to ~CPI+1.3, transfer of ~EUR 50 million OpEx and ~EUR 64 million of regulated assets out of the perimeter, and a productivity plan targeting ~EUR 140 million annual savings by 2034 (≈EUR 650 million cumulative).
Aeroports de Paris Financial Statement Overview
Summary
Blends the Income Statement (62), Balance Sheet (48) and Cash Flow (55) scores. Revenue grew 8.4% to €6.4 billion with EBITDA margins of 34.6%, confirming a solid post-pandemic recovery. However, net margin fell to 5.7% from 11.5% in 2023, ROE weakened to 8.4%, and free cash flow dropped 56% to €247 million on heavy airport capex. Leverage remains the key constraint, with €10.6 billion of debt against €4.3 billion of equity (2.44x), leaving the profile stable but financially stretched.
Income Statement
62PositiveBalance Sheet
48NeutralCash Flow
55Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.82B | 6.70B | 6.16B | 5.50B | 4.69B | 2.78B |
| Gross Profit | 2.90B | 2.36B | 3.08B | 2.40B | 1.69B | 520.00M |
| EBITDA | 2.17B | 2.11B | 1.87B | 2.09B | 1.83B | 701.00M |
| Net Income | 600.10M | 382.00M | 342.00M | 631.00M | 516.00M | -248.00M |
Balance Sheet | ||||||
| Total Assets | 21.27B | 20.26B | 20.18B | 19.66B | 18.84B | 18.36B |
| Cash, Cash Equivalents and Short-Term Investments | 2.65B | 1.87B | 2.10B | 2.44B | 2.82B | 2.49B |
| Total Debt | 11.46B | 10.58B | 10.14B | 9.82B | 9.99B | 10.34B |
| Total Liabilities | 15.81B | 14.72B | 14.67B | 14.36B | 13.93B | 14.13B |
| Stockholders Equity | 4.31B | 4.34B | 4.42B | 4.36B | 4.03B | 3.52B |
Cash Flow | ||||||
| Free Cash Flow | 24.98M | 246.86M | 435.00M | 578.00M | 645.00M | 24.00M |
| Operating Cash Flow | 1.41B | 1.46B | 1.52B | 1.59B | 1.34B | 551.00M |
| Investing Cash Flow | -954.84M | -1.06B | -1.46B | -1.15B | -726.00M | -1.09B |
| Financing Cash Flow | 321.28M | -438.00M | -458.00M | -721.00M | -367.00M | -536.00M |
Aeroports de Paris Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ARRPY, the sentiment is Positive. The current price of 12.60 is above the 20-day moving average (MA) of 12.09, above the 50-day MA of 12.37, and below the 200-day MA of 12.63, indicating a neutral trend. The MACD of 0.05 indicates Negative momentum. The RSI at 56.59 is Neutral, neither overbought nor oversold. The STOCH value of 86.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ARRPY.
Aeroports de Paris Peers Comparison
Overall Rating
OMAB81.5Outperform
ASR71Outperform
CAAP71Outperform
PAC71Outperform- ARRPY61Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| OMAB | 82Outperform | $4.96B | 17.08 | 50.23% | 5.24% | 20.53% | 14.59% |
| ASR | 71Outperform | $7.53B | 14.18 | 23.73% | 8.79% | 25.70% | >-0.01% |
| CAAP | 71Outperform | $3.87B | 13.96 | 16.62% | 3.89% | 16.22% | 102.59% |
| PAC | 71Outperform | $13.75B | 17.57 | 32.98% | ― | 20.11% | 7.98% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| ARRPY | 61Neutral | $12.47B | 18.72 | 13.77% | 3.56% | 12.64% | 591.94% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| ARRPY | Aeroports de Paris ADP Unsponsored ADR | 12.60 | -1.09 | -7.99% | |
| OMAB | Grupo Aeroportuario Del Centro | 102.92 | 5.97 | 6.16% | |
| PAC | Grupo Aeroportuario Del Pacifico | 230.59 | 17.23 | 8.08% | |
| ASR | Grupo Aeroportuario Del Sureste | 250.86 | -39.73 | -13.67% | |
| CAAP | Corporacion America Airports | 23.74 | 2.47 | 11.63% |
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.
Date of analysis: Oct 30, 2026