CORPORACION AMERICA AIRPORTS S.A.
CAAP · Airports, Flying Fields & Airport Terminal Services · EDGAR filings ↗
Grade
C56Airport-concession operator graded on very stale FY2017 data with only one usable metric, warranting conservative, low-confidence treatment.
Strengths
- Cash position mid-pack (61.2nd pct); long-dated concession portfolio across multiple geographies
- AA2000 Argentine concession extended to 2038, providing a long operating runway
Risks
- Concession-termination/buyout risk, heavy Argentina macro and FX exposure, and regulatory fee-setting risk
- Data is ~8 years old and nearly all financial metrics are missing, sharply limiting assessment
Notable findings
- Strong balance sheetStrong balance sheet — $593M cash & investments
Key metrics
Gross margin
35.2%
Operating margin
24.9%
Net margin
13.1%
Return on equity
15.5%
Return on assets
5.8%
ROIC
14.0%
Revenue growth (QoQ)
6.4%
Net-income growth
-16.3%
Debt / equity
0.7×
Interest coverage
5.4×
Current ratio
1.4×
Free cash flow
$449M
Tangible book value
$1.7B
Cash & investments
$593M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-17 | 2025-12-31 | 0001104659-26-029442 ↗ |
| 20-F | 2025-03-27 | 2024-12-31 | 0001410578-25-000513 ↗ |
| 20-F | 2024-03-28 | 2023-12-31 | 0001410578-24-000331 ↗ |
| 20-F | 2023-03-31 | 2022-12-31 | 0001410578-23-000591 ↗ |
| 20-F | 2022-04-06 | 2021-12-31 | 0001410578-22-000831 ↗ |
| 20-F | 2021-04-09 | 2020-12-31 | 0001104659-21-048754 ↗ |
| 20-F | 2020-04-08 | 2019-12-31 | 0001104659-20-044659 ↗ |
| 20-F | 2019-04-24 | 2018-12-31 | 0001144204-19-020967 ↗ |
| 20-F | 2018-04-27 | 2017-12-31 | 0001144204-18-023178 ↗ |