Corporacion America Airports S.A. (CAAP) vs Wheels Up Experience Inc. (UP)

Corporacion America Airports S.A. and Wheels Up Experience Inc. are both Airports & Air Services companies. Corporacion America Airports S.A. is the larger, with a market value of $3.8B against $143.7M — 26.7× the size. Wheels Up Experience 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 −5.96%. Corporacion America Airports S.A. has the higher net margin (13.6% vs −42.0%) and the higher return on invested capital (14.9% vs 0.00%). Across the 17 metrics below, Corporacion America Airports S.A. leads on 11 and Wheels Up Experience Inc. on 6.

Valuation

Metric CAAP UP Airports & Air Services median
P/E 13.48 n/m —
P/S 1.88 0.19 2.67
P/B 2.04 n/m 2.64
Price to free cash flow 8.70 n/m —
EV/EBITDA 7.99 n/m 9.48
EV/Sales 1.98 0.91 2.90
Earnings yield 7.42% (224.40%) 1.84%
Free cash flow yield 11.49% (130.07%) (2.65%)

Profitability

Metric CAAP UP Airports & Air Services median
Gross margin 34.54% 9.77% 34.42%
Operating margin 24.27% (27.05%) 12.44%
Net margin 13.63% (42.04%) 6.20%
Free cash flow margin 21.56% (24.59%) 5.08%
Return on equity 16.39% 66.69% 24.83%
Return on assets 6.24% (31.34%) 2.84%
Return on invested capital 14.89% 0.00% 5.66%

Growth

Metric CAAP UP Airports & Air Services median
Revenue growth (TTM) 9.93% (5.96%) 12.21%
EPS growth (last fiscal year) (13.07%) 14.29% —
Revenue growth, 5-year CAGR 26.43% 1.17% 26.64%
Net income growth, 5-year CAGR 0.00% 0.00% 1.16%

Health

Metric CAAP UP Airports & Air Services median
Debt to equity 0.55 (1.07) 0.48
Current ratio 1.51 0.28 1.31
Net debt to EBITDA 0.74 (1.62) 0.72

Dividend

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

Size

Metric CAAP UP Airports & Air Services median
Market cap 3.84b 143.65m 4.06b

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