Added to YB: 2024-05-27
Pitch date: 2024-05-26
CAAP [bullish]
Corporación América Airports S.A.
+29.5%
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
$3.8B
Pitch Price
$18.00
Price Target
36.00 (+54%)
Dividend
7.92%
EV/EBITDA
5.15
P/E
13.09
EV/Sales
1.91
Sector
Transportation Infrastructure
Category
value
Show full summary:
Corporation America Airports Earnings: Another Big Beat
CAAP: Argentine airport operator, Milei bull thesis. Q1 EPS $0.95 vs $0.39 est (FX-aided; don't annualize). EBITDA +16% YoY to $164M ($650M annualized) on flat flights, +2.6% pax. Trades 8x trailing GAAP EPS, <6x EBITDA vs ASR's ~10x. PT $36 (10x EBITDA)=double. 15-20% growth ahead.
Read full article (6 min)