Key stats
- Market cap: $1.8 billion ; Price: $11/share
- Number of shares: 160 million; Float: 32 million
- Insider ownership: 82%
- FY2017 EBITDA: $460 million
- LT Debt: $1.2 billion; Cash $222 million
- FY2017 CAPEX: $280 million; FY2018-2023:~$1.3 billion
Overview
Corporacion America Airports (CAAP) “CAAP” is a freshly IPOed airports operator on the NYSE. The founder, Eduardo Eurnekian, 85-year-old, owns 82% of the company and since, October 2017, the company has been headed by his nephew, Martin Eurnekian. This is a family affair and has been for the last 20 years.
Despite, we think CAAP