Aena SME SA

Aena SME SA maintains a capital structure with a debt-to-equity ratio of 1.06, indicating a moderate reliance on debt financing. The company's liquidity position is characterized by a current ratio of 0.83, suggesting that its current liabilities exceed its current assets. Additionally, the company's free cash flow of 559.11 million EUR supports its operational flexibility, although its net cash position is negative after accounting for total debt.

In terms of profitability, Aena SME SA demonstrates a return on equity (ROE) of 7.6% and a return on assets (ROA) of 3.28%. These figures are in line with the industry's preferred metrics, which emphasize efficient asset utilization and strong equity returns. The company's operating income of 765.08 million EUR and net income of 547.65 million EUR reflect its ability to generate consistent earnings despite the capital-intensive nature of the airport operations industry.

Aena SME SA's revenue is primarily concentrated in Spain, where it operates a network of airports. The company's geographic exposure is limited, with no significant international revenue streams reported. This concentration may pose a risk in the event of economic downturns or regulatory changes in the Spanish market.

The company's growth trajectory is supported by a strong operating cash flow of 1.4 billion EUR and a capital expenditure of -461.03 million EUR. These figures indicate that Aena SME SA is investing in its infrastructure to maintain and expand its airport operations. The company's outlook for the current fiscal year is positive, with expectations of continued revenue growth and operational efficiency.

Aena SME SA faces moderate liquidity risk, as indicated by its current ratio and net cash position. The company's dilution potential is low, with no significant dilution sources identified in the risk assessment. The company's capital structure and financial performance suggest that it is well-positioned to manage its debt obligations and maintain financial stability.

Recent events, including analyst estimates and price targets, indicate a generally positive sentiment among investors. The mean price target of 26.23 EUR and the median price target of 26.80 EUR suggest that analysts expect the stock to perform well in the near term. The company's strong buy and buy recommendations further support this positive outlook.

Revenue grew at a 26.8% CAGR from 2022 to 2026, demonstrating strong top-line expansion.

Cash conversion of 2.56 is above the 75th percentile, reflecting superior cash generation relative to peers.

Operating income is projected to grow 12.1% year-over-year in 2026, reaching EUR 2.99 billion.

Debt-to-equity ratio of 1.06 is well above the 0.44 cohort median, indicating higher financial leverage.

The company carries a high credit risk flag, suggesting potential challenges in debt servicing or refinancing.

Analysts assign a hold recommendation with only -1.5% upside, indicating limited near-term price appreciation potential.

Revenue €1.47B, +12,2% YoY; Operating income +5,3% YoY.

• ▍Revenue €1.47B, +12,2% YoY
• ▍Operating income +5,3% YoY
• ▍Net income +9,3% YoY
• ▍Free cash flow −25,5% YoY
• ▍Net margin 22.5%

Revenue €1.55B, +10,5% YoY; Operating income +16,4% YoY.

• ▍Revenue €1.55B, +10,5% YoY
• ▍Operating income +16,4% YoY
• ▍Net income +15,0% YoY
• ▍Free cash flow −26,5% YoY
• ▍Net margin 35.9%

Revenue €1.77B, +8,1% YoY; Operating income +8,7% YoY.

• ▍Revenue €1.77B, +8,1% YoY
• ▍Operating income +8,7% YoY
• ▍Net income +6,9% YoY
• ▍Free cash flow +0,1% YoY
• ▍Net margin 38.7%

Revenue €1.65B, +9,9% YoY; Operating income +9,5% YoY.

• ▍Revenue €1.65B, +9,9% YoY
• ▍Operating income +9,5% YoY
• ▍Net income +8,2% YoY
• ▍Free cash flow −4,7% YoY
• ▍Net margin 36.0%

Revenue €1.31B; Operating income €435.4M.

• ▍Revenue €1.31B
• ▍Operating income €435.4M
• ▍Net margin 23.0%

Revenue €1.41B; Operating income €633.6M.

• ▍Revenue €1.41B
• ▍Operating income €633.6M
• ▍Net margin 34.4%

Revenue €1.64B; Operating income €896.9M.

• ▍Revenue €1.64B
• ▍Operating income €896.9M
• ▍Net margin 39.1%

Revenue €1.50B; Operating income €765.1M.

• ▍Revenue €1.50B
• ▍Operating income €765.1M
• ▍Net margin 36.6%

Revenue €6.28B, +8,9% YoY; Operating income +12,1% YoY.

• ▍Revenue €6.28B, +8,9% YoY
• ▍Operating income +12,1% YoY
• ▍Net income +10,5% YoY
• ▍Free cash flow −48,2% YoY
• ▍Net margin 34.0%

Revenue €5.76B, +14,4% YoY; Operating income +21,1% YoY.

• ▍Revenue €5.76B, +14,4% YoY
• ▍Operating income +21,1% YoY
• ▍Net income +18,6% YoY
• ▍Free cash flow +128,8% YoY
• ▍Net margin 33.6%

Revenue €5.04B, +20,5% YoY; Operating income +71,5% YoY.

• ▍Revenue €5.04B, +20,5% YoY
• ▍Operating income +71,5% YoY
• ▍Net income +80,9% YoY
• ▍Free cash flow −63,5% YoY
• ▍Net margin 32.4%

Revenue €4.18B, +72,2% YoY; Operating income +282,3% YoY.

• ▍Revenue €4.18B, +72,2% YoY
• ▍Operating income +282,3% YoY
• ▍Net income +289,6% YoY
• ▍Free cash flow +351,7% YoY
• ▍Net margin 21.6%