Discounted Cash Flow

Corporacion America Airports S.A. Foreign

CAAP · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $1.4b $33.8m 2.5% $0.23
2017 $1.6b (15.3%) $63.5m (88.1%) $-49.4m 4.0% (63.1%) $0.43 (87.0%)
2018 $1.4b (-9.5%) $7.1m (-88.8%) $191.7m (487.8%) 0.5% (-87.6%) $0.04 (-90.7%)
2019 $1.6b (9.3%) $9.1m (27.7%) $-19.7m (-110.3%) 0.6% (16.8%) $0.06 (50.0%)
2020 $607.4m (-61.0%) $-253.1m (-2881.1%) $838.0k (104.3%) -41.7% (-7237.1%) $-1.58 (-2733.3%)
2021 $706.9m (16.4%) $-117.8m (53.5%) $108.0m (12782.8%) -16.7% (60.0%) $-0.73 (53.8%)
2022 $1.4b (95.0%) $168.2m (242.8%) $130.6m (21.0%) 12.2% (173.2%) $1.05 (243.8%)
2023 $1.4b (1.6%) $239.5m (42.4%) $345.5m (164.6%) 17.1% (40.2%) $1.49 (41.9%)
2024 $1.8b (31.7%) $282.7m (18.0%) $391.6m (13.3%) 15.3% (-10.4%) $1.76 (18.1%)
2025 $2.0b (6.4%) $247.7m (-12.4%) $446.5m (14.0%) 12.6% (-17.7%) $1.53 (-13.1%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model