2024-07-14 11:55:02 ET
Summary
- Aena owns all major airports in Spain, benefiting from the country's booming tourism industry, with additional concessions in Brazil and a small stake in Grupo Aeroportuario del Pacifico.
- Aena has seen significant revenue growth, recovering from pre-pandemic levels, and increasing non-regulated income from airport retail and services.
- The company is expanding its international presence, while maintaining low operational costs and leading in sustainability efforts.
- Aena stock offers a compelling dividend yield of about 3.9%, supported by its policy of returning 80% of earnings to shareholders, and is attractively priced given its growth prospects with an estimated forward GAAP P/E ratio of 14.6x.
“The world’s safest, most efficient, sustainable and welcoming airports, catalysts for economy and tourism and value generators for our shareholders , our customers and society ”. - Aena's Mission
Read the full article on Seeking Alpha
For further details see:
Aena: Receive 'Toll Booth' Dividends From Tourists Visiting Spain