ADP

Aeroports de Paris SA owns and operates airports worldwide. It operates through five segments: Aviation, Retail and Services, Real Estate, International and Airport Developments, and Other Activities. The Aviation segment provides security and safety services. The Retail and Services segment engages in retail activities and leases space for terminals and services. The Real Estate segment constructs and leases office buildings, logistic buildings, and freight terminals. The International and Airport Developments segment designs and operates airport activities.

Overview

Sector

Airports

Target Price

125.5 EUR

Current Price

113.1 EUR

Potential

11%

Strengths

Price to book ratio (2.50) is lower than the sector mean (13.72).
EV/EBITDA (10.53) is lower than the sector mean (35.65).
Strong EBITDA Margin of 29.47%.

Weaknesses

The company has high debt. Net Debt to EBITDA Ratio (4.46) is higher than the sector mean.
The company have lower returns than the sector in which it operates. ROIC (10.59%) is significantly lower than the sector mean (18.31%).
EV/EBIT (16.95) is significantly higher than the sector mean.

Key Financial Data

Indicator	Value
PER	32.7
EV/EBITDA	10.6
Price/Free Cash Flow'	25.7
ROIC	10.6%
Net Debt/EBITDA	4.5