CAAP
Corporación América Airports S.A.
CAAP's fundamentals are strong: it turned 23% of its revenue into free cash flow and free cash flow grew 39%. At 15x earnings, it's trading in line with its usual 16x. Analysts expect strong earnings growth.
CAAP Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Strong |
CAAP's profitability, cash flow and balance sheet are currently strong, and its revenue is stable.
CAAP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 9.6x | $25.09 | — |
| Cheap | 11x | $17.91 | -29% |
| Fair | 15x | $26.07 | +3.9% |
| Current | 15x | $25.09 | — |
| Expensive | 42x | $71.32 | +184% |
Historical ranges are pointers, not guarantees.
CAAP's PE is in its fair range at 15x. If earnings grow as analysts expect, today's price would be 9.6x next year's earnings, in its cheap range.
CAAP Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for CAAP, with profitability improving.
CAAP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.61 | +54% |
| Q2 2026 | $1.70 | +62% |
| Q1 2026 | $1.76 | +66% |
| Q4 2025 | $1.54 | -13% |
| Q3 2025 | $1.30 | -40% |
| Q2 2025 | $1.05 | -52% |
| Q1 2025 | $1.06 | -54% |
| Q4 2024 | $1.76 | +18% |
| Q3 2024 | $2.16 | +196% |
CAAP's earnings per share have fallen from their peak: $1.70 over the past year, against $2.29 in early 2024.
CAAP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $377.4M | -21% |
| Q1 2026 | $537.6M | +20% |
| Q4 2025 | $562.6M | +5.7% |
| Q3 2025 | $527.3M | +14% |
| Q2 2025 | $476.8M | +15% |
| Q1 2025 | $447.8M | +3.4% |
| Q4 2024 | $532.2M | +321% |
| Q3 2024 | $461.8M | -1.5% |
CAAP's revenue is growing: $377M last quarter, down 21% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 12% | -13 points |
| Q1 2026 | 26% | +2.4 points |
| Q4 2025 | 24% | +2.1 points |
| Q3 2025 | 28% | +6.3 points |
| Q2 2025 | 25% | +2.5 points |
| Q1 2025 | 24% | -5.2 points |
| Q4 2024 | 22% | -134 points |
| Q3 2024 | 22% | +20 points |
CAAP's operating margin was 12% last quarter, down 12 points from the same quarter a year ago.
CAAP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $98.4M | -12% |
| Q1 2026 | $99M | +27% |
| Q4 2025 | $124M | +312% |
| Q3 2025 | $133.8M | +24% |
| Q2 2025 | $111.3M | +21% |
| Q1 2025 | $78M | -52% |
| Q4 2024 | $30.1M | -8.1% |
| Q3 2024 | $107.9M | -27% |
CAAP generated $455M in free cash flow over the past year, up 39% from the year before.
CAAP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +0.5% | +857K shares |
| 3 years | +1.9% | +3M shares |
| 5 years | +2.1% | +3.3M shares |
| Available history | +2.5% | +3.9M shares |
CAAP has 164M diluted shares, up 0.5% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
CAAP hasn't bought back shares in the past year.
CAAP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 0.8x | Very low |
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 1.0x | Very low |
| Q1 2025 | 1.0x | Very low |
| Q4 2024 | 0.8x | Very low |
| Q3 2024 | 1.0x | Healthy |
CAAP's net debt is less than a year of its operating earnings (EBITDA).
CAAP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.3 | Neutral |
| Stochastic | 53.7 | Neutral |
CAAP's weekly RSI is 52 (neutral) and its Stochastic is 54 (neutral).
CAAP PE vs Industrials Sector
| Metric | CAAP | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 24x | 39% below |
| PE % | 48 | 58 | 10 pts below |
CAAP is trading at 15x earnings, a 39% discount to the Industrials sector's median of 24x.
CAAP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $24.4 | 2.7% above |
| 20 week MA | $24.5 | 2.2% above |
| 50 week MA | $25.6 | 1.9% below |
| 100 week MA | $22.7 | 11% above |
| 200 week MA | $18.6 | 35% above |
CAAP's trend is mixed: it's above four of its five weekly moving averages, and 35% above its 200-week average.
CAAP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.68 | $3.84 | -32% |
| 2021 | $3.84 | $5.64 | +47% |
| 2022 | $5.64 | $8.22 | +46% |
| 2023 | $8.22 | $16.1 | +95% |
| 2024 | $16.1 | $18.9 | +18% |
| 2025 | $18.9 | $26.2 | +38% |
| 2026 YTD | $26.2 | $25.1 | -4.1% |
CAAP has finished higher in five of the last six years. It's down 4.1% so far in 2026.