AENA S.M.E., S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 175.8 EUR | +0.74% |
|
+1.50% | +7.13% |
| 04-18 | Aena S.M.E., S.A. Announces Dividend, Payable on May 7, 2024 | CI |
| 04-18 | Transcript : Aena S.M.E., S.A. - Shareholder/Analyst Call |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 25,575 | 21,330 | 20,820 | 17,595 | 24,615 | 26,370 | - | - |
| Enterprise Value (EV) 1 | 32,375 | 28,494 | 28,266 | 23,838 | 24,615 | 31,950 | 31,422 | 30,922 |
| P/E ratio | 17.7 x | -167 x | -347 x | 19.5 x | - | 15.3 x | 14.4 x | 13.6 x |
| Yield | 4.45% | - | - | 4.05% | - | 5.16% | 5.51% | 5.78% |
| Capitalization / Revenue | 5.68 x | 9.78 x | 8.7 x | 4.15 x | 4.79 x | 4.69 x | 4.55 x | 4.35 x |
| EV / Revenue | 7.19 x | 13.1 x | 11.8 x | 5.63 x | 4.79 x | 5.68 x | 5.42 x | 5.1 x |
| EV / EBITDA | 11.7 x | 34.4 x | 37.3 x | 11.6 x | 8.14 x | 9.78 x | 9.26 x | 8.69 x |
| EV / FCF | 29.9 x | -88.1 x | -72.1 x | 17.9 x | - | 17.7 x | 16.3 x | 15.5 x |
| FCF Yield | 3.34% | -1.14% | -1.39% | 5.57% | - | 5.64% | 6.13% | 6.44% |
| Price to Book | 3.99 x | 3.49 x | 3.41 x | 2.62 x | - | 3.3 x | 3.1 x | 2.88 x |
| Nbr of stocks (in thousands) | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | - | - |
| Reference price 2 | 170.5 | 142.2 | 138.8 | 117.3 | 164.1 | 175.8 | 175.8 | 175.8 |
| Announcement Date | 20-02-26 | 21-02-24 | 22-02-23 | 23-02-27 | 24-02-28 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,503 | 2,181 | 2,393 | 4,237 | 5,142 | 5,622 | 5,801 | 6,064 |
| EBITDA 1 | 2,776 | 828.5 | 757.4 | 2,053 | 3,023 | 3,266 | 3,395 | 3,558 |
| EBIT 1 | 1,977 | -92.29 | -151.8 | 1,284 | 2,201 | 2,420 | 2,578 | 2,706 |
| Operating Margin | 43.91% | -4.23% | -6.34% | 30.29% | 42.81% | 43.04% | 44.44% | 44.63% |
| Earnings before Tax (EBT) 1 | 1,883 | -212.6 | -168.5 | 1,170 | 2,166 | 2,296 | 2,498 | 2,655 |
| Net income 1 | 1,442 | -126.8 | -60.04 | 901.5 | 1,631 | 1,717 | 1,848 | 1,940 |
| Net margin | 32.02% | -5.81% | -2.51% | 21.27% | 31.72% | 30.54% | 31.85% | 31.99% |
| EPS 2 | 9.610 | -0.8500 | -0.4000 | 6.010 | - | 11.48 | 12.23 | 12.90 |
| Free Cash Flow 1 | 1,082 | -323.5 | -392.2 | 1,328 | - | 1,801 | 1,926 | 1,991 |
| FCF margin | 24.03% | -14.84% | -16.39% | 31.34% | - | 32.03% | 33.21% | 32.83% |
| FCF Conversion (EBITDA) | 38.98% | - | - | 64.7% | - | 55.14% | 56.75% | 55.94% |
| FCF Conversion (Net income) | 75.03% | - | - | 147.33% | - | 104.9% | 104.26% | 102.61% |
| Dividend per Share 2 | 7.580 | - | - | 4.750 | - | 9.066 | 9.688 | 10.16 |
| Announcement Date | 20-02-26 | 21-02-24 | 22-02-23 | 23-02-27 | 24-02-28 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,112 | 862.9 | 897.9 | 632.4 | 683.9 | 1,037 | 1,721 | 1,194 | 1,322 | 1,027 | 1,306 | 2,333 | 1,446 | 1,363 | - | 1,199 | 1,528 | 1,664 | 1,281 | 1,210 |
| EBITDA 1 | 211.4 | -58.2 | 496.5 | 222.8 | 72.61 | 558.7 | 631.3 | 670.2 | - | 368.6 | 801.7 | 1,170 | 943.3 | 909 | - | 496.4 | 992.5 | 1,117 | 696.9 | 533.6 |
| EBIT 1 | -192.1 | -454.3 | 298.9 | 3.584 | -123.2 | 360.8 | 237.6 | 470.5 | 575.6 | 169.9 | 599.3 | 769.2 | 740.5 | 691.7 | - | 279.7 | 790 | 911.4 | 497.2 | 327.9 |
| Operating Margin | -17.27% | -52.65% | 33.29% | 0.57% | -18.01% | 34.8% | 13.81% | 39.39% | 43.53% | 16.55% | 45.87% | 32.97% | 51.21% | 50.76% | - | 23.33% | 51.7% | 54.78% | 38.81% | 27.1% |
| Earnings before Tax (EBT) 1 | - | -488.3 | 364.6 | 34.23 | -136.8 | 344.7 | 207.9 | 434.6 | 527.1 | 177.4 | 619.3 | - | 712.9 | 656.2 | - | 258.7 | 707.3 | 868 | 455.2 | 286.6 |
| Net income 1 | -170.7 | -346.4 | 222.9 | 63.6 | -96.38 | 260.2 | 163.8 | 335.4 | 402.3 | 133.6 | 474.1 | 607.7 | 531.4 | 491.7 | 1,023 | 198.8 | 567 | 649 | 339.4 | 213 |
| Net margin | -15.35% | -40.14% | 24.82% | 10.06% | -14.09% | 25.09% | 9.52% | 28.08% | 30.43% | 13.01% | 36.29% | 26.05% | 36.75% | 36.08% | - | 16.59% | 37.11% | 39% | 26.49% | 17.6% |
| EPS 2 | - | - | 1.490 | 0.4200 | - | - | - | 2.240 | 2.680 | 0.8900 | 3.160 | - | 3.540 | - | - | 1.217 | 3.780 | 4.327 | 2.263 | 1.420 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | 4.750 | - | - | - | - | - | - | - | - | - | 9.168 | - |
| Announcement Date | 20-07-28 | 21-07-28 | 21-10-28 | 22-02-23 | 22-04-27 | 22-07-27 | 22-07-27 | 22-10-26 | 23-02-27 | 23-04-26 | 23-07-26 | 23-07-26 | 23-11-03 | 24-02-28 | 24-02-28 | - | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 6,800 | 7,164 | 7,446 | 6,243 | - | 5,580 | 5,052 | 4,552 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.45 x | 8.647 x | 9.831 x | 3.041 x | - | 1.708 x | 1.488 x | 1.279 x |
| Free Cash Flow 1 | 1,082 | -324 | -392 | 1,328 | - | 1,801 | 1,926 | 1,991 |
| ROE (net income / shareholders' equity) | 23.2% | -2.02% | -0.98% | 14.6% | - | 21.7% | 21.8% | 22.1% |
| ROA (Net income/ Total Assets) | 9.68% | -0.83% | -0.38% | 5.68% | - | 10.1% | 11% | 11.5% |
| Assets 1 | 14,895 | 15,277 | 15,994 | 15,862 | - | 17,047 | 16,745 | 16,821 |
| Book Value Per Share 2 | 42.70 | 40.80 | 40.70 | 44.80 | - | 53.30 | 56.60 | 60.90 |
| Cash Flow per Share 2 | 14.10 | 0.9700 | 1.870 | 12.40 | - | 16.20 | 16.60 | 18.60 |
| Capex 1 | 1,032 | 470 | 673 | 535 | - | 786 | 774 | 834 |
| Capex / Sales | 22.93% | 21.54% | 28.11% | 12.62% | - | 13.98% | 13.35% | 13.75% |
| Announcement Date | 20-02-26 | 21-02-24 | 22-02-23 | 23-02-27 | 24-02-28 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
25
Last Close Price
175.8
EUR
Average target price
185.9
EUR
Spread / Average Target
+5.76%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +7.13% | 28.15B | |
| +14.40% | 12.88B | |
| +1.11% | 12.49B | |
| +22.68% | 10.66B | |
| +6.10% | 9.26B | |
| -11.93% | 6.8B | |
| +12.66% | 6.57B | |
| +6.89% | 6.3B | |
| +38.59% | 3.57B | |
| -8.00% | 2.77B |
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- AENA Stock
- Financials Aena S.M.E., S.A.
