2.16%
4.47%
1.56%
11.41%
26.52%
45.30%
24.25%
AI Spotlight on AENA
Company Description
Aena S.M.E., S.A., together with its subsidiaries, engages in the operation, maintenance, management, and administration of airport infrastructures and heliports in Spain, Brazil, the United Kingdom, Mexico, and Colombia.The company operates through Airports, Real Estate Services, International, and SCAIRM segments.It also manages commercial spaces in airport terminals and car parks network; and rents areas in airport terminals for duty-free shops, specialty shops, food and beverage establishments, commercial operations, and advertising, as well as financial services.
In addition, the company leases office buildings, warehouses, hangars, and cargo storage facilities to airlines, air cargo operators, handling agents, and other airport service providers.It manages 46 airports in Spain; 12 airports in Mexico; 2 airports in Colombia; 1 airport in the United Kingdom; and 6 airports in Brazil.The company was formerly known as Aena, S.A. and changed its name to Aena S.M.E., S.A. in April 2017.
The company was founded in 2010 and is headquartered in Madrid, Spain.Aena S.M.E., S.A. is a subsidiary of ENAIRE.
Market Data
| Last Price | 208 |
| Change Percentage | 2.16% |
| Open | 205.2 |
| Previous Close | 203.6 |
| Market Cap ( Millions) | 31200 |
| Volume | 146697 |
| Year High | 212.4 |
| Year Low | 162.75 |
| M A 50 | 200.82 |
| M A 200 | 190.46 |
Financial Ratios
| FCF Yield | 3.56% |
| Dividend Yield | 2.98% |
| ROE | 25.43% |
| Debt / Equity | 100.87% |
| Net Debt / EBIDTA | 158.76% |
| Price To Book | 3.99 |
| Price Earnings Ratio | 16.07 |
| Price To FCF | 28.06 |
| Price To sales | 5.51 |
| EV / EBITDA | 10.28 |
News
- Oct -31 - Aena SME SA (ANNSF) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Passenger Increase
- Sep -30 - Is Aena S.M.E., S.A. (ANNSF) One of the Worst Airport Stocks to Buy?
- Sep -24 - Is Aena SME SA (ANNSF) a Good Airport Stock To Add To Your Portfolio?
- Jan -11 - UPDATE 1-Spain's Aena considering buying Edinburgh airport, Expansion reports
- Sep -12 - Traffic at Spain's Aena airports outperforms European peers
Business Breakdown
Expected Mid-Term Growth
Segment nΒ°1 -> Airports
Expected Growth : 3.5 %
What the company do ?
Aena S.M.E., S.A. operates 46 airports in Spain, managing air traffic, providing services, and maintaining infrastructure for safe and efficient air travel.
Why we expect these perspectives ?
Aena S.M.E., S.A.'s 3.5% growth in airport operations is driven by increasing passenger traffic, fueled by Spain's tourism boom, and strategic investments in airport infrastructure, enhancing capacity and efficiency. Additionally, the company's diversification into non-aeronautical revenue streams, such as retail and real estate, contributes to its growth momentum.
Segment nΒ°2 -> International
Expected Growth : 3.8 %
What the company do ?
Aena S.M.E., S.A. is the world's leading airport operator, managing 46 airports in Spain and participating in the management of 27 others worldwide.
Why we expect these perspectives ?
Aena S.M.E., S.A.'s international segment growth of 3.8% is driven by increasing air travel demand, particularly in Latin America and Asia, coupled with the company's strategic expansion into new markets, improved airport infrastructure, and enhanced customer experience.
Segment nΒ°3 -> Real Estate Services
Expected Growth : 4.2 %
What the company do ?
Aena S.M.E., S.A. offers real estate services, managing and developing airport-related properties, including offices, warehouses, and commercial spaces, generating revenue through rentals and sales.
Why we expect these perspectives ?
Aena S.M.E., S.A.'s 4.2% growth in Real Estate Services is driven by increasing air traffic, tourism, and urbanization in Spain, leading to higher demand for airport-related real estate. Additionally, Aena's strategic focus on diversifying its revenue streams, investing in digitalization, and optimizing its asset portfolio also contribute to this growth.
Segment nΒ°4 -> Region de Murcia International Airport
Expected Growth : 3.2 %
What the company do ?
Region de Murcia International Airport, operated by Aena S.M.E., S.A., is a modern airport serving the Murcia region in southeastern Spain.
Why we expect these perspectives ?
Region de Murcia International Airport's 3.2% growth is driven by increasing tourism in the Murcia region, fueled by its rich cultural heritage, beautiful beaches, and golf courses. Additionally, the airport's strategic location and improved connectivity to major European cities, along with Aena's investments in infrastructure and services, have contributed to its growth.
Aena S.M.E., S.A. Products
| Product Range | What is it ? |
|---|---|
| Airport Management | Aena S.M.E., S.A. provides comprehensive airport management services, including air traffic control, security, and passenger services. |
| Aeronautical Information | Aena S.M.E., S.A. offers aeronautical information services, including aeronautical charts, NOTAMs, and flight planning tools. |
| Airport Infrastructure | Aena S.M.E., S.A. designs, builds, and maintains airport infrastructure, including runways, terminals, and air traffic control towers. |
| Air Navigation Services | Aena S.M.E., S.A. provides air navigation services, including air traffic control, navigation aids, and communication systems. |
| Airport Security | Aena S.M.E., S.A. provides airport security services, including passenger screening, baggage handling, and access control. |
| Airport Commercial Services | Aena S.M.E., S.A. offers airport commercial services, including retail, food and beverage, and advertising opportunities. |
Aena S.M.E., S.A.'s Porter Forces
Threat Of Substitutes
Aena S.M.E., S.A. operates in the airport management industry, where substitutes are limited. However, the threat of substitutes is moderate due to the presence of alternative modes of transportation, such as trains and buses.
Bargaining Power Of Customers
Aena S.M.E., S.A. has a diverse customer base, including airlines, passengers, and other stakeholders. However, the bargaining power of customers is low due to the lack of alternative airport management services.
Bargaining Power Of Suppliers
Aena S.M.E., S.A. relies on various suppliers, including airlines, ground handling companies, and other service providers. The bargaining power of suppliers is moderate due to the presence of multiple suppliers and the company's negotiating power.
Threat Of New Entrants
The threat of new entrants in the airport management industry is low due to the high barriers to entry, including significant capital requirements and regulatory hurdles.
Intensity Of Rivalry
The airport management industry is highly competitive, with Aena S.M.E., S.A. competing with other airport operators and management companies for contracts and passengers.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 37.24% |
| Debt Cost | 6.04% |
| Equity Weight | 62.76% |
| Equity Cost | 10.07% |
| WACC | 8.57% |
| Leverage | 59.34% |
Aena S.M.E., S.A. : Quality Control
Aena S.M.E., S.A. passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| DG.PA | VINCI SA, together with its subsidiaries, operates in the concessions, energy, and construction segments primarily in France. It Concessions segment operates motorway concessions with a network of 4,419 kilometers in β¦ |
| SGO.PA | Compagnie de Saint-Gobain S.A. designs, manufactures, and distributes materials and solutions for wellbeing worldwide. It operates through five segments: High Performance Solutions; Northern Europe; Southern Europe Β Middle East (ME) β¦ |
| VOLV-B.ST | AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The β¦ |
| RYA.IR | Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, Germany, and other European countries. It is also involved in the provision β¦ |
| BA.L | BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. The Electronic β¦ |
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