Corporación América Airports Experiencing Strong Demand Recovery

Alpha Beta Capital
1.11K Followers

Summary

  • All airport management companies have been experiencing passenger traffic recovery since the last year. In 2022, global traffic increased by 64.4% from 2021 and reached 68.5% of pre-pandemic (2019) levels.
  • I estimate the company's revenue and EPS for FY2023 to be $1.58 billion and $1.12, respectively.
  • Currently, the company is trading significantly below its industry average P/E ratio and sector median, which I think is enough to conclude that the CAAP is undervalued.

Male tourist looking at arrival and departure board at Kuala Lumpur International Airport

goc/E+ via Getty Images

Investment Thesis

Corporación América Airports S.A. (NYSE:CAAP) is an airport services company that acquires, develops, and manages airport concessions granted by governmental bodies. The company is experiencing a rebound in demand and recovering from the adverse impact

This article was written by

1.11K Followers
I am a "Techno-Funda" Analyst with more than 5 years of experience in equity research. With my investment strategies, I have successfully managed to earn alpha returns in equity market and I want to share my investment recommendations with all investors.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About CAAP Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on CAAP

Related Stocks

SymbolLast Price% Chg
CAAP
--