Corporacion America Airports SA Common Shares (CAAP)

FairStock Score: 75/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that earn good returns on capital and sell at a sensible price. Corporación América Airports operates 52 airports across Latin America, Europe, and Eurasia. Airport concessions can have a moat: travelers and airlines have few immediate substitutes at a given city. The latest filed quarter, fiscal Q2 2026, showed revenue of $534.0M and net income of $52.8M, a 9.88% net margin. That is a real profit, not a story. The company data also show strong revenue and profit growth, though I would want the exact filing periods to confirm it. At the 2026-10-13 close of $24.48, the market values the company at about $4.2B. FairStock's P/E is 13.91, P/B is 2.14, EV/EBITDA is 6.48, and trailing free cash flow yield is 11.3%. Those are not extravagant, and the PEG of 0.16 looks low. But the Graham Number is $20.93, leaving a margin of safety of negative 16.96%—I am paying above a conservative asset-and-earnings yardstick. Returns are decent: ROE 17.42%, but ROCE 6.99% is only moderate. Debt/equity of 0.56 is manageable, while an Altman Z-Score of 1.42 and Piotroski F-Score of 5/9 suggest I need caution. FairStock's Lynch category is none because there are only 0 years of filed results, needing 3. I would want more filing history and concession durability before calling this a bargain.

In plain English: Corporacion America Airports runs 52 airports in Latin America, Europe and Eurasia. The business looks reasonably strong: it is profitable and produces a lot of cash. At $24.48 on 2026-10-13, the price looks close to fair and maybe a bit expensive compared with a conservative value estimate.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer