Copa Holdings, S.A.
Copa Holdings, S.A. Class A Common Stock represents ownership in Copa Holdings, S.A., a Panama-based airline group focused on passenger and cargo air transportation across the Americas and the Caribbean. Through its subsidiaries, the company operates scheduled international flights and related logistics services, connecting key markets in North America, Central America, South America, and the Caribbean. Its business centers on commercial aviation, including passenger transport, cargo handling, and mail services, supported by a network designed to serve both leisure and business travel demand. Copa Holdings also plays a significant role in regional connectivity by linking secondary and major destinations through its Panama City hub. The Class A shares are part of the company’s public equity structure and provide market exposure to the airline industry through a Latin American carrier with a broad operating footprint.
$136.14
+$0.93 (+0.69%)
EOD Oct 21, 2026
Margins and capital returns are both well above average: 22.64% operating margin, ROIC at 15.00%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 5.0%, steady but not accelerating. Free cash flow declined 85% despite revenue growth, conversion is weakening.
Free cash flow declined 85% versus the prior year, cash generation momentum has weakened. Net debt of $967M represents 18.5x FCF, leverage limits flexibility.
9.0x earnings. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$3.99B
▲ +5.0% YoY
Net Income (TTM)
$627M
▲ +10.4% YoY
Op. Margin
19.53%
▲ +0.8pp YoY
ROIC
15.00%
▼ -0.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$77M
▼ -84.6% YoY
Op. Cash Flow (TTM)
$1.28B
▲ +3.7% YoY
Net Debt
$967M
Cash & Equiv.
$1.34B
3Y CAGR: +6.9%
3Y CAGR: -21.4%
Continue Research
Is Copa Holdings (CPA) overvalued?
At a P/E of 9.0, Copa Holdings (CPA)'s valuation is best read against its own history, its peers, and the growth its price implies. 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, Copa Holdings scores 50/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 4.9%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is Copa Holdings a high-quality business?+
Copa Holdings scores 50 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 19.5% operating margin and a 15.0% 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 company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Copa Holdings (CPA) pay a dividend, and how much?+
Yes, Copa Holdings pays a regular dividend of about $6.68 per share per year (typically in quarterly installments), a yield of roughly 4.9% at the current price. That is a payout ratio of about 43.6% of earnings, so the dividend is well covered. 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 CPA's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Copa Holdings a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh CPA's valuation and scores 50/100 on quality (mixed). It also yields about 4.9%. 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 company filings, not investment advice.
Related stocks: Airlines
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Data sourced from company 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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