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Fraport AG Frankfurt Airport Services Worldwide
(XETRA:FRA)
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Rating:59Neutral
Price Target:
€60.00
▼(-6.76% Downside)
Action:Reiterated
Date:08/09/26
The score is primarily supported by solid operating performance and improving cash generation, but it is held back by a leveraged balance sheet that increases risk in a capital-intensive, cyclical business. Technicals further weigh on the score as the stock is trading below key moving averages with negative MACD momentum, while valuation is reasonable but not deeply discounted and the dividend yield is modest.
Positive Factors
Revenue growth and normalized operating performance
Fraport’s revenue has expanded strongly over several years and remains in growth territory on a trailing basis, indicating that the post-recovery operating base is holding. Continued expansion supports utilization of airport infrastructure and provides a foundation for commercial and service revenue growth.
Negative Factors
Elevated leverage
Debt of roughly 2.3–2.4 times equity leaves Fraport with limited financial flexibility in a cyclical, capital-intensive airport business. High leverage can constrain investment choices, increase sensitivity to weaker traffic conditions, and make balance-sheet improvement dependent on sustained operating cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth and normalized operating performance
Fraport’s revenue has expanded strongly over several years and remains in growth territory on a trailing basis, indicating that the post-recovery operating base is holding. Continued expansion supports utilization of airport infrastructure and provides a foundation for commercial and service revenue growth.
Read all positive factors
Fraport AG Frankfurt Airport Services Worldwide (FRA) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€5.31B
Dividend Yield1.74%
Average Volume (3M)158.35K
Price to Earnings (P/E)13.6
Beta (1Y)0.83
Revenue Growth3.04%
EPS Growth-1.81%
CountryDE
Employees20,142
SectorGeneral
Sector StrengthN/A
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)4.21
Shares Outstanding92,468,704
10 Day Avg. Volume153,702
30 Day Avg. Volume158,346
Financial Highlights & Ratios
PEG Ratio-3.48
Price to Book (P/B)1.25
Price to Sales (P/S)1.46
P/FCF Ratio15.42
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€72.56Price Target Upside12.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)3.16
Revenue Forecast (FY)€4.56B
Fraport AG Frankfurt Airport Services Worldwide Business Overview & Revenue Model
Company Description
Fraport AG is a global airport management and operating company, with facilities located across Germany, other European nations, Asia, and the United States. A central aspect of its business involves the comprehensive management of Frankfurt Main ...
How the Company Makes Money
Fraport primarily makes money by operating and monetizing airport infrastructure and services, with Frankfurt Airport as its core asset, supplemented by income from international airport investments and management activities.
Key revenue streams ...
Fraport AG Frankfurt Airport Services Worldwide Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
52
Neutral
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.51B | 4.43B | 4.43B | 4.00B | 3.19B | 2.14B |
| Gross Profit | 1.02B | 1.06B | 1.13B | 1.03B | 824.70M | 266.20M |
| EBITDA | 1.50B | 1.39B | 1.56B | 1.37B | 1.01B | 828.40M |
| Net Income | 388.20M | 431.80M | 450.60M | 393.20M | 132.40M | 82.80M |
Balance Sheet | ||||||
| Total Assets | 20.45B | 20.79B | 20.25B | 18.89B | 17.61B | 16.24B |
| Cash, Cash Equivalents and Short-Term Investments | 2.35B | 3.20B | 3.04B | 3.16B | 2.76B | 2.78B |
| Total Debt | 12.13B | 12.29B | 11.16B | 11.93B | 248.80M | 238.50M |
| Total Liabilities | 14.93B | 15.26B | 15.07B | 14.30B | 13.48B | 12.33B |
| Stockholders Equity | 5.19B | 5.18B | 4.83B | 4.32B | 3.91B | 3.75B |
Cash Flow | ||||||
| Free Cash Flow | 336.80M | 419.20M | -86.80M | -87.40M | 41.00M | -483.80M |
| Operating Cash Flow | 1.26B | 1.41B | 1.18B | 863.20M | 787.30M | 392.60M |
| Investing Cash Flow | -1.10B | -1.31B | -1.51B | -1.86B | -1.22B | -2.30B |
| Financing Cash Flow | -125.60M | -247.80M | 489.90M | 795.40M | 882.30M | 2.10B |
Fraport AG Frankfurt Airport Services Worldwide Technical Analysis
Negative
64.35
Price Trends
62.80
Negative
66.43
Negative
70.28
Negative
Market Momentum
-1.05
Positive
32.15
Neutral
4.76
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:FRA, the sentiment is Negative. The current price of 64.35 is above the 20-day moving average (MA) of 60.87, above the 50-day MA of 62.80, and below the 200-day MA of 70.28, indicating a bearish trend. The MACD of -1.05 indicates Positive momentum. The RSI at 32.15 is Neutral, neither overbought nor oversold. The STOCH value of 4.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:FRA.
Fraport AG Frankfurt Airport Services Worldwide Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | €1.19B | 5.53 | 11.53% | 6.35% | 1.56% | 61.95% | |
67 Neutral | €3.44B | 2.61 | 14.93% | 6.53% | 0.54% | 112.86% | |
63 Neutral | €3.04B | 10.81 | 14.22% | 4.56% | 7.36% | 6.94% | |
59 Neutral | €5.31B | 13.65 | 7.50% | 1.74% | 3.04% | -1.81% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | €2.42B | -54.00 | -1.73% | 0.47% | 3.49% | -127.01% |
* General Sector Average
DE:FRA
Fraport AG Frankfurt Airport Services Worldwide
57.45
-17.31
-23.15%
DE:DEQ
Deutsche Euroshop
15.76
-1.51
-8.75%
DE:HHFA
Hamburger Hafen und Logistik
21.40
0.40
1.90%
DE:LEG
LEG Immobilien
44.70
-20.49
-31.43%
DE:SIX2
Sixt SE
70.20
-3.73
-5.05%
DE:TLG
TLG Immobilien
11.50
-1.90
-14.20%
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.