Aeroports De Paris: I Love This Stock For Its Potential Upside

2025-02-28 10:54:02 ET

Summary

• Despite a 7% stock price drop, Groupe ADP remains a buy due to strong international growth and a diversified airport portfolio.
• Revenue grew 12.1% in 2024, driven equally by Paris and international airports, despite tax pressures impacting EBITDA growth.
• For 2025, Groupe ADP expects over 7% EBITDA growth, partially offsetting tax headwinds and showing strong operational growth.
• I lift the price target to $160.21, deeming it conservative, with substantial upside from unpriced future EBITDA growth.

I covered Aeroports de Paris or Groupe ADP ( AEOXF , ARRPY ) in November 2024 with a buy rating. However, since then the stock has lost 7% of its value. This is in line with the more liquid listing in Paris ....

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