Corporacion America Airports logo

Corporacion America Airports(CAAP)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$23.92
09/17/2026
(24-hour delay)

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Upturn Advisory & Investor View for CAAP

09/17/2026: CAAP (1-star) is currently NOT-A-BUY. Pass it for now.

Corporacion America Airports is a major operator of international airports, primarily focused on Latin America. The company benefits from long-term concession agreements that provide steady, albeit regulation-sensitive, cash flows. Its primary growth opportunity lies in the continued recovery of regional passenger travel and the optimization of non-aeronautical revenue, such as retail and parking. However, investors must consider the risks posed by emerging market economic volatility, currency fluctuations, and high debt levels. The stock may best suit a value-oriented investor who can tolerate cyclical volatility, and interested parties should monitor political developments and passenger volume trends in its core operating countries.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers growth potential through traffic recovery but is limited by the utility-like nature of its concessions.
Momentum investorMixed fitPerformance is highly sensitive to regional economic cycles and travel industry momentum.
Value investorStrong fitThe stock often trades at valuations reflective of infrastructure assets, appealing to those seeking long-term value.
Dividend investorWeak fitDividends are not consistent, as capital is often prioritized for infrastructure and debt service.
Low-risk investorWeak fitSignificant exposure to emerging market currency and political risks increases overall volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock is susceptible to swings in emerging market sentiment and global travel demand.
Valuation riskMediumValuation depends heavily on the accuracy of long-term traffic forecasts and concession durability.
Competition riskMediumCompetition from regional infrastructure players can pressure future concession bidding.
Business qualityMediumInfrastructure quality is generally strong, but it is tied to regulatory and economic environments.
Dividend incomeLowIncome investors should not rely on the stock for consistent yield.
Execution riskMediumManaging 52 diverse airports requires rigorous operational oversight across multiple borders.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit 18.91%
Avg. Invested days 50
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/17/2026

Upturn Scorecard

Upturn Star Rating

CAAP receives a 4-star rating, supported by solid unit economics, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

CAAP has moderate overall fundamentals (3 stars), with solid financial health, moderate growth momentum, and moderate ownership. In FY2025 versus FY2024, strong cash generation (FCF margin 22.8%) and solid profitability (net margin 12.6%) are partially offset by negative earnings growth (-12.4%), moderate revenue growth (+6.4%).

Financial Health Rating

CAAP's financial health is supported by solid cash strength, including free-cash-flow generation (22.8% of revenue). Profitability is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

Free-cash-flow growth is CAAP's strongest growth driver at +13.6% FY2025 versus FY2024 (solid, 4 stars). By comparison, while earnings growth (-12.4%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 15.9% and approximately 11.0% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 79.56% supports management-shareholder alignment.

Top 5 Institutional Investors

Helikon Investments Ltd 8.32%
BlackRock Inc 0.85%
The Goldman Sachs Group Inc 0.75%
Royal Bank of Canada 0.64%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.45%

Unit Economics (Per $1K Revenue)

CAAP generates approximately $352 of gross profit, $252 of operating income, and $228 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: 22.53%

Quantitative Style Profile

CAAP has a high-quality, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltLow VolatilitySmall / Mid Cap RiskShort Squeeze Risk

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.85B USD
Price to earnings Ratio 13.61
1Y Target Price 32.27
Price to earnings Ratio 13.61
1Y Target Price 32.27
Volume (30-day avg) 234.7K shares
Beta 0.69
52 Weeks Range 16.71 - 29.35
Updated Date 09/16/2026
52 Weeks Range 16.71 - 29.35
Updated Date 09/16/2026
Dividends yield (FY) 3.87%
Basic EPS (TTM) 1.73

How Company Makes Money

Business areaWhat it includesRetail investor read
Aeronautical OperationsLanding fees, passenger boarding fees, and parking charges.The bread and butter of the company, charging airlines and passengers for basic airport usage.
Commercial & RetailDuty-free, retail, food and beverage, and advertising.This is a key margin driver where the company monetizes passenger dwell time.
Geography: Latin AmericaOperations in Argentina, Brazil, Uruguay, and Ecuador.The primary source of revenue, making the company a play on Latin American travel trends.
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Earnings Date

Report Date 2026-08-18
When Before Market
Estimate 0.51
Actual 0.32

Profitability

Profit Margin 13.6%
Operating Margin (TTM) 19.75%

Management Effectiveness

Return on Assets (TTM) 6.99%
Return on Equity (TTM) 17.42%

Valuation

Trailing PE 13.61
Forward PE 4.89
Enterprise Value 4.23B
Price to Sales(TTM) 1.81
Enterprise Value 4.23B
Price to Sales(TTM) 1.81
Enterprise Value to Revenue 1.99
Enterprise Value to EBITDA 9.32
Shares Outstanding 163.37M
Shares Floating 17.97M
Shares Outstanding 163.37M
Shares Floating 17.97M
Percent Insiders 79.56
Percent Institutions 15.91

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Corporacion America Airports

Exchange NYSE
Headquarters -
IPO Launch date 2018-02-01
CEO & Director Mr. Martin Francisco Antranik Eurnekian Bonnarens
Sector Industrials
Industry Airports & Air Services
Full time employees 6300
Full time employees 6300

Corporación América Airports S.A., through its subsidiaries, acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly known as A.C.I. Airports International S.à r.l. and changed its name to Corporación América Airports S.A. in September 2017. The company was founded in 1998 and is based in Luxembourg, Luxembourg. Corporación América Airports S.A. operates as a subsidiary of A.C.I. Airports S.à r.l.