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 $5.3B against $4.0B — 1.3× the size. Joby Aviation, Inc. has negative trailing earnings, so its P/E is not meaningful; Corporacion America Airports S.A. trades at 13.9×. Joby Aviation, Inc. grew revenue faster over the last twelve months: 556.4% against 9.93%. Corporacion America Airports S.A. has the higher net margin (13.6% vs −462.8%) and the higher return on invested capital (14.9% vs −243.4%). 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 13.87 n/m —
P/S 1.93 35.05 2.85
P/B 2.10 2.99 2.87
Price to free cash flow 8.95 n/m —
EV/EBITDA 8.21 n/m 9.34
EV/Sales 2.03 25.00 3.08
Earnings yield 7.21% (13.70%) 1.45%
Free cash flow yield 11.17% (15.04%) (6.27%)

Profitability

Metric CAAP JOBY Airports & Air Services median
Gross margin 34.54% 29.19% 39.83%
Operating margin 24.27% (658.11%) 12.44%
Net margin 13.63% (462.84%) 6.20%
Free cash flow margin 21.56% (527.18%) 1.40%
Return on equity 16.39% (52.11%) 19.45%
Return on assets 6.24% (33.98%) 2.84%
Return on invested capital 14.89% (243.35%) 5.93%

Growth

Metric CAAP JOBY Airports & Air Services median
Revenue growth (TTM) 9.93% 556.36% 22.71%
EPS growth (last fiscal year) (13.07%) (29.89%) 10.67%
Revenue growth, 5-year CAGR 26.43% — 26.43%
Net income growth, 5-year CAGR 0.00% 0.00% 0.58%

Health

Metric CAAP JOBY Airports & Air Services median
Debt to equity 0.55 0.40 0.48
Current ratio 1.51 18.29 1.30
Net debt to EBITDA 0.74 2.07 0.72

Dividend

Metric CAAP JOBY Airports & Air Services median
Dividend yield 3.68% — —
Payout ratio 0.51 — —

Size

Metric CAAP JOBY Airports & Air Services median
Market cap 4.03b 5.27b 4.33b

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