Corporacion America Airports S.A. (CAAP) vs Volato Group, Inc. (SOAR)

Corporacion America Airports S.A. and Volato Group, Inc. are both Airports & Air Services companies. Corporacion America Airports S.A. is the larger, with a market value of $3.8B against $9.9M — 389.5× the size. Volato Group, Inc. has negative trailing earnings, so its P/E is not meaningful; Corporacion America Airports S.A. trades at 13.5×. Corporacion America Airports S.A. grew revenue faster over the last twelve months: 9.93% against −66.2%. Corporacion America Airports S.A. has the higher net margin (13.6% vs −11.8%) and the higher return on invested capital (14.9% vs 0.00%). Across the 17 metrics below, Corporacion America Airports S.A. leads on 10 and Volato Group, Inc. on 7.

Valuation

Metric CAAP SOAR Airports & Air Services median
P/E 13.48 n/m —
P/S 1.88 0.21 2.67
P/B 2.04 1.81 2.64
Price to free cash flow 8.70 n/m —
EV/EBITDA 7.99 n/m 9.48
EV/Sales 1.98 0.18 2.90
Earnings yield 7.42% (384.56%) 1.84%
Free cash flow yield 11.49% (7.44%) (2.65%)

Profitability

Metric CAAP SOAR Airports & Air Services median
Gross margin 34.54% 25.85% 34.42%
Operating margin 24.27% (14.26%) 12.44%
Net margin 13.63% (11.82%) 6.20%
Free cash flow margin 21.56% (1.54%) 5.08%
Return on equity 16.39% 198.33% 24.83%
Return on assets 6.24% (26.85%) 2.84%
Return on invested capital 14.89% 0.00% 5.66%

Growth

Metric CAAP SOAR Airports & Air Services median
Revenue growth (TTM) 9.93% (66.15%) 12.21%
EPS growth (last fiscal year) (13.07%) 104.83% —
Revenue growth, 5-year CAGR 26.43% — 26.64%
Net income growth, 5-year CAGR 0.00% — 1.16%

Health

Metric CAAP SOAR Airports & Air Services median
Debt to equity 0.55 0.00 0.48
Current ratio 1.51 1.11 1.31
Net debt to EBITDA 0.74 (1.68) 0.72

Dividend

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

Size

Metric CAAP SOAR Airports & Air Services median
Market cap 3.84b 9.86m 4.06b

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