Corporacion America Airports S.A. (CAAP) vs Joby Aviation, Inc. (JOBY)

Corporacion America Airports S.A. and Joby Aviation, Inc. are both Airports & Air Services companies. Joby Aviation, Inc. is the larger, with a market value of $6.3B against $3.8B — 1.6× the size. Joby Aviation, Inc. has negative trailing earnings, so its P/E is not meaningful; Corporacion America Airports S.A. trades at 13.5×. Joby Aviation, Inc. grew revenue faster over the last twelve months: 92,197.6% against 9.93%. Corporacion America Airports S.A. has the higher net margin (13.6% vs −755.1%) and the higher return on invested capital (14.9% vs −271.2%). Across the 17 metrics below, Corporacion America Airports S.A. leads on 14 and Joby Aviation, Inc. on 3.

Valuation

Metric CAAP JOBY Airports & Air Services median
P/E 13.48 n/m —
P/S 1.88 52.79 2.67
P/B 2.04 3.48 2.64
Price to free cash flow 8.70 n/m —
EV/EBITDA 7.99 n/m 9.48
EV/Sales 1.98 39.38 2.90
Earnings yield 7.42% (15.64%) 1.84%
Free cash flow yield 11.49% (12.11%) (2.65%)

Profitability

Metric CAAP JOBY Airports & Air Services median
Gross margin 34.54% 34.29% 34.42%
Operating margin 24.27% (759.20%) 12.44%
Net margin 13.63% (755.11%) 6.20%
Free cash flow margin 21.56% (639.18%) 5.08%
Return on equity 16.39% (65.90%) 24.83%
Return on assets 6.24% (43.78%) 2.84%
Return on invested capital 14.89% (271.21%) 5.66%

Growth

Metric CAAP JOBY Airports & Air Services median
Revenue growth (TTM) 9.93% 92,197.62% 12.21%
EPS growth (last fiscal year) (13.07%) (29.89%) —
Revenue growth, 5-year CAGR 26.43% — 26.64%
Net income growth, 5-year CAGR 0.00% 0.00% 1.16%

Health

Metric CAAP JOBY Airports & Air Services median
Debt to equity 0.55 0.40 0.48
Current ratio 1.51 17.98 1.31
Net debt to EBITDA 0.74 2.07 0.72

Dividend

Metric CAAP JOBY Airports & Air Services median
Dividend yield 0.18% — —
Payout ratio 0.00 0.00 0.00

Size

Metric CAAP JOBY Airports & Air Services median
Market cap 3.84b 6.30b 4.06b

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