Aena SME SA
F:A441
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Aena SME SA
F:A441
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ES |
Intrinsic Value
The intrinsic value of 
Aena SME SA (A441) under the Base Case is 27 EUR per share.
Compared with the current market price of 28.18 EUR, the stock appears
Overvalued by 4% .
The intrinsic value is calculated using the DCF method.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Aena SME Does
Aena SME SA runs airports and airport facilities, mainly in Spain and also a smaller set of airports abroad. It is the company that airlines use to land, take off, park aircraft, and move passengers and bags through terminals. It also manages the passenger-facing parts of airports, such as security areas, gates, retail space, parking, and other services travelers use.
- Headquarters
- Spain ES
- Employees
- 10 238
- IPO date
- Jan 23, 2015
Aena SME has a narrow economic moat
Airlines serving Madrid and many other Spanish destinations have few practical alternatives to Aena’s airports, while building competing airports would require heavy spending to divide the same local demand. This protects Aena’s position, although regulated airport charges limit its freedom to set prices.
Read the full moat analysis
Revenue & Expenses Breakdown
Aena SME SA
Earnings Waterfall
Aena SME SA
The intrinsic value for Aena SME SA (A441) under the Base Case is 27 EUR.
Compared with the current market price of 28.18 EUR, the stock appears Overvalued by 4% .
