Added to YB: 2022-09-15
Pitch date: 2022-09-15
CAAP [bullish]
Corporación América Airports S.A.
+263.16%
current return
Author Info
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Company Info
Corporación América Airports S.A., through its subsidiaries, acquires, develops, and operates airport concessions.
Market Cap
$4.0B
Pitch Price
$6.84
Price Target
20.62 (-17%)
Dividend
N/A
EV/EBITDA
5.57
P/E
14.06
EV/Sales
2.14
Sector
Transportation Infrastructure
Category
value
CAAP Stock Is About To Triple (Again)
CAAP: World's largest private airport operator (54 airports). Q2 EPS $0.43 vs $0.06 est; ~$1.72 annualized = <4x P/E despite Argentina traffic at just 70% of 2019. Trades 6x EV/EBITDA (4x '23) vs peers 10-20x. USD-denom fees hedge peso. Tiny float (~35M), 20% short. Catalysts: TTM earnings screen, pro-business Argentine election. $500M+ EBITDA next yr; PT $14 min, $20+ upside.
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