Aena reported third-quarter results that broadly met company-compiled consensus, though EBITDA came in a touch shy given higher losses, an impairment, and provisions for commercial operations.
Aena’s Spanish airport network boasts one of the strongest efficient scale moats in our coverage, and its dual-till framework allows it to earn economic profits from its passenger flow.
Aena could be free cash flow negative for a few years during the DORA III period, making it vulnerable to macroeconomic shocks.
|
Metric
|
AENA
|
ADP
|
FHZN
|
|---|---|---|---|
Price/Earnings (Normalized) | 18.75 | 18.52 | 17.14 |
Price/Book Value | 4.68 | 2.56 | 2.02 |
Price/Sales | 4.84 | 1.63 | 4.40 |
Price/Cash Flow | 13.53 | 7.34 | 9.05 |
|
Metric
|
AENA
|
ADP
|
FHZN
|
|---|---|---|---|
Quick Ratio | 1.12 | 0.96 | 1.48 |
Current Ratio | 1.13 | 1.26 | 1.52 |
Interest Coverage | 13.08 | 4.10 | 16.44 |
|
Metric
|
AENA
|
ADP
|
FHZN
|
|---|---|---|---|
Return on Assets (Normalized) | 16.41% | 3.24% | 6.43% |
Return on Equity (Normalized) | 33.51% | 15.67% | 11.60% |
Return on Invested Capital (Normalized) | 19.40% | 5.26% | 7.70% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Aena SME SA
ANNSF
| — | LOCK|VW& | $45B | |||
| Aena SME SA ADR
ANYYY
| — | LOCK|@F | $45B | |||
| Airports Of Thailand PLC Registered Shs Foreign
APTPF
| — | LOCK|^>Z | $26B | |||
| Airports Of Thailand PLC ADR
AIPUY
| — | LOCK|M?@ | $26B | |||
| Grupo Aeroportuario del Pacifico SAB de CV Class B
GPAEF
| — | LOCK|^QZ | $13B | |||
| Grupo Aeroportuario del Pacifico SAB de CV ADR
PAC
| LOCK|f?Fx@f | LOCK|S@G | $13B | |||
| Aeroports de Paris SA ADR
ARRPY
| — | LOCK|#gTdl | $12B | |||
| Aeroports de Paris SA
AEOXF
| — | LOCK|%Yv!> | $12B | |||
| Auckland International Airport Ltd
ACKDF
| — | LOCK|R< | $8B | |||
| Auckland International Airport Ltd ADR
AUKNY
| — | LOCK|mn@ | $8B |
United States