Professional
Added to YB: 2024-05-15
Pitch date: 2024-03-31
FRA.DE [bullish]
Fraport AG
+41%
current return
Author Info
No bio for this author
Company Info
Fraport AG owns and operates airports in Germany, rest of Europe, Asia, and the United States. It primarily focuses on the operation of Frankfurt Main airport.
Market Cap
EUR 6.4B
Pitch Price
EUR 48.58
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.44
P/E
13.71
EV/Sales
3.48
Sector
Transportation Infrastructure
Category
value
L1 Capital Long Short Fund Portfolio Holding: Fraport AG
FRA.DE: Shares -11% in Q1 on slightly lower 2024 pax growth outlook post earnings. Strike action, plane delivery delays & engine issues impacting seat capacity. Demand remains strong, traffic recovering to 2019 levels. Major capex ending, strong FCF & dividends expected from 2026+. Enormous valuation upside.
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