Loading stockData sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Loading stockData sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Not financial advice. Analytical data for research only.
Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.
Aena SME SA is a Spanish state-owned company specializing in the management and operation of airports across multiple countries. It primarily oversees 46 airports and 2 heliports in Spain, along with facilities in Brazil, the United Kingdom, Mexico, and Colombia through its subsidiaries. The company operates via key segments including Airports, Real Estate Services, AIRM, and International, handling everything from runway operations to commercial concessions. Notable features encompass managing retail spaces like duty-free shops, food and beverage outlets, specialty stores, car rentals, advertising, and services such as currency exchange, VAT refunds, and ATMs within terminals. It also oversees car parks, VIP areas, and leases land, offices, hangars, and cargo facilities to airlines and service providers. Founded in 1991 and headquartered in Madrid, Aena SME SA, formerly known as Aena S.A., stands as a leading global airport operator, serving over 314 million passengers in 2023 across its network and playing a pivotal role in aviation infrastructure and economic connectivity.
€26.38
€0.46 (-1.71%)
EOD Aug 14, 2026
47.12% operating margin is above average. ROIC at 14.32%.
Revenue grew 9.2%, steady but not accelerating. Free cash flow declined 10% despite revenue growth, conversion is weakening.
Free cash flow declined 10% versus the prior year, cash generation momentum has weakened.
18.1x earnings, 23.0x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€6.45B
▲ +9.2% YoY
Net Income (TTM)
€2.21B
▲ +10.8% YoY
Op. Margin
46.52%
▲ +1.6pp YoY
ROIC
14.32%
▲ +0.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€1.72B
▼ -10.1% YoY
Op. Cash Flow (TTM)
€2.92B
▲ +22.0% YoY
Net Debt
€4.83B
Cash & Equiv.
€2.45B
3Y CAGR: +14.5%
3Y CAGR: +15.0%
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At a P/E of 18.1 and a price-to-free-cash-flow of 23.0, Aena SME SA (AENA.XMAD) trades around a two-stage DCF intrinsic value of about €30.80 per share, so at €26.38 the stock looks around fair value (16.8% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Aena SME SA scores 72/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 3.8%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €30.80 per share for AENA.XMAD, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €23.10. At today's €26.38, that puts the stock about 16.8% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Aena SME SA scores 72 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 46.5% operating margin and a 14.3% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Aena SME SA pays a regular dividend of about €1.00 per share per year (typically in quarterly installments), a yield of roughly 3.8% at the current price. That is a payout ratio of about 67.9% of earnings, so the dividend is covered, with less cushion. Aena SME SA has grown the dividend at roughly 43.8% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For AENA.XMAD's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. AENA.XMAD currently trades around its estimated intrinsic value and scores 72/100 on quality (solid). It also yields about 3.8%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.