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Aeroports de Paris
(OTC:ARRPY)
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Rating:61Neutral
Price Target:
$13.50
â–²(1.28% Upside)
Action:Reiterated
Date:07/30/26
The score is driven primarily by solid operating fundamentals but constrained by high leverage and weakening free cash flow. Earnings-call updates are supportive due to ERA progress and deleveraging potential, while technicals are mixed (below the 200-day average) and valuation looks demanding at ~28.8x earnings despite a ~3.52% yield.
Positive Factors
Steady revenue growth and operating profitability
Sustained revenue growth alongside strong operating and EBITDA margins indicates resilient demand and meaningful operating leverage. This earnings foundation can support continued reinvestment, strengthen the airport platform, and preserve profitability through normal fluctuations in passenger activity.
Negative Factors
Elevated leverage limits financial flexibility
High leverage leaves ADP more sensitive to financing costs and cyclical changes in travel demand. It can constrain discretionary investment, dividends, or acquisitions and makes successful monetizations and disciplined capital allocation important for restoring balance-sheet flexibility over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth and operating profitability
Sustained revenue growth alongside strong operating and EBITDA margins indicates resilient demand and meaningful operating leverage. This earnings foundation can support continued reinvestment, strengthen the airport platform, and preserve profitability through normal fluctuations in passenger activity.
Read all positive factors
Aeroports de Paris (ARRPY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.43B
Dividend Yield3.55%
Average Volume (3M)22.00
Price to Earnings (P/E)18.1
Beta (1Y)0.75
Revenue Growth12.64%
EPS Growth591.94%
CountryUS
Employees30,333
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)0.61
Shares Outstanding989,610,000
10 Day Avg. Volume0
30 Day Avg. Volume22
Financial Highlights & Ratios
PEG Ratio3.89
Price to Book (P/B)2.67
Price to Sales (P/S)1.73
P/FCF Ratio47.03
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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, Internation...
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 come...
Aeroports de Paris Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Feb 17, 2027
Earnings Call Sentiment Positive
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.Positive Updates
Revenue Growth
Group revenue increased 1.6% year-on-year to EUR 3.2 billion in H1 2026, reflecting resilience of a diversified business model despite a more challenging operating environment.
Negative Updates
More challenging operating environment
Indirect consequences of the Middle East conflict depressed demand dynamics (notably long‑haul) and airline behavior; management revised to a more cautious traffic scenario for H2 and full-year Paris traffic now expected around +0.5%.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth
Group revenue increased 1.6% year-on-year to EUR 3.2 billion in H1 2026, reflecting resilience of a diversified business model despite a more challenging operating environment.
Read all positive 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
Income Statement
72
Positive
Balance Sheet
52
Neutral
Cash Flow
58
Neutral
| 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 | 2.20B | 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
Negative
13.33
Price Trends
12.81
Negative
12.66
Negative
12.90
Negative
Market Momentum
-0.08
Positive
46.21
Neutral
53.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ARRPY, the sentiment is Negative. The current price of 13.33 is above the 20-day moving average (MA) of 12.75, above the 50-day MA of 12.81, and above the 200-day MA of 12.90, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 46.21 is Neutral, neither overbought nor oversold. The STOCH value of 53.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ARRPY.
Aeroports de Paris Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $7.57B | 12.87 | 31.71% | 8.76% | 23.46% | -12.16% | |
76 Outperform | $4.75B | 14.89 | 50.53% | 5.46% | 13.97% | 14.66% | |
71 Outperform | $12.16B | 17.12 | 39.76% | 3.83% | 16.80% | 17.58% | |
67 Neutral | $4.04B | 14.46 | 16.62% | 3.75% | 16.22% | 102.59% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $12.43B | 18.06 | 13.77% | 3.55% | 12.64% | 591.94% |
* Industrials Sector Average
ARRPY
Aeroports de Paris
12.65
-0.49
-3.74%
OMAB
Grupo Aeroportuario Del Centro
98.73
-11.03
-10.05%
PAC
Grupo Aeroportuario del Pacifico
203.46
-51.24
-20.12%
ASR
Grupo Aeroportuario del Sureste
251.77
-73.51
-22.60%
CAAP
Corporacion America Airports SA
24.59
5.97
32.06%
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.