Company Valuation: Aena

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 20,820 17,595 24,615 29,610 35,730 40,230 - -
Change - -15.49% 39.9% 20.29% 20.67% 12.59% - -
Enterprise Value (EV) 1 28,266 23,838 30,837 35,108 41,239 45,663 46,040 46,990
Change - -15.67% 29.36% 13.85% 17.46% 10.73% 0.83% 2.06%
P/E -347x 19.5x 15.1x 15.3x 16.8x 17.2x 16.7x 16.4x
PBR 3.41x 2.62x 3.23x 3.58x 3.88x 4.06x 3.87x 3.65x
PEG - -0x 0.2x 0.8x 1.7x 1.7x 5.83x 10.33x
Capitalization / Revenue 8.7x 4.15x 4.79x 5.08x 5.69x 5.86x 5.65x 5.52x
EV / Revenue 11.8x 5.63x 6x 6.02x 6.57x 6.65x 6.46x 6.45x
EV / EBITDA 37.3x 11.6x 10.2x 10x 10.9x 11.2x 10.8x 10.7x
EV / EBIT -186x 18.6x 14x 13.2x 13.8x 14x 13.6x 13.6x
EV / FCF -72.1x 17.9x 18.4x 17.5x 19.9x 26.3x 27.8x 35.7x
FCF Yield -1.39% 5.57% 5.43% 5.72% 5.01% 3.8% 3.6% 2.8%
Dividend per Share 2 - 0.475 0.766 0.976 1.09 1.207 1.259 1.277
Rate of return - 4.05% 4.67% 4.94% 4.58% 4.5% 4.69% 4.76%
EPS 2 -0.04 0.601 1.087 1.289 1.42 1.562 1.607 1.633
Distribution rate - 79% 70.5% 75.7% 76.8% 77.3% 78.3% 78.2%
Net sales 1 2,393 4,237 5,142 5,828 6,278 6,866 7,123 7,288
EBITDA 1 757.4 2,053 3,023 3,510 3,785 4,076 4,244 4,372
EBIT 1 -151.8 1,284 2,201 2,662 2,988 3,256 3,375 3,448
Net income 1 -60.04 901.5 1,631 1,934 2,137 2,337 2,416 2,457
Net Debt 1 7,446 6,243 6,222 5,498 5,509 5,433 5,810 6,760
Reference price 2 13.88 11.73 16.41 19.74 23.82 26.82 26.82 26.82
Nbr of stocks (in thousands) 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 - -
Announcement Date 2/23/22 2/27/23 2/28/24 2/26/25 2/24/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.17x6.65x11.2x4.5% 46.36B
18.93x2.98x8.79x3.35% 13.31B
18.66x5.97x11.32x5.13% 13.21B
670.55x9.87x24.61x-.--% 11.81B
23.18x6.26x11.31x3.17% 8.98B
48.15x17.38x24.43x1.48% 8.96B
22.13x2.96x6.75x2.23% 8.82B
11.88x3.94x7.31x6.72% 8.31B
21.87x1.52x8.3x1.57% 5.58B
Average 94.72x 6.39x 12.67x 3.13% 13.93B
Weighted average by Cap. 81.96x 6.56x 12.48x 3.57%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield