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Aena S.M.E., S.A. (AENA.MC)

EUR26.36 -0.24 (-0.90%)
ES BME Industrials Airlines, Airports & Air Services
Address calle Peonías, 12 28042
Madrid, ES
CEO Maurici Lucena Betriu
Website aena.es
IPO 2015-02-11
ISIN ES0105046017

Explore sections of this company profile

Also trades on International Order Book · 0R4Y.IL (EUR) Madrid Stock Exchange · AENA.MC (EUR) Other OTC · ANNSF (USD) Other OTC · ANYYY (USD)
Description

Aena S.M.E., S.A., along with its various subsidiaries, is a leading operator responsible for the oversight, maintenance, management, and administration of airport infrastructure and heliports. Its extensive global presence spans Spain, Brazil, the United Kingdom, Mexico, and Colombia. The company's operations are divided into key segments: Airports, Real Estate Services, International, and SCAIRM. Beyond managing flight operations infrastructure, Aena also develops and leases commercial spaces within airport terminals and parking facilities. This includes providing retail opportunities for duty-free stores, specialty shops, food and beverage outlets, general commercial activities, advertising, and financial services. Additionally, the company leases vital real estate assets such as office buildings, warehouses, hangars, and cargo storage facilities to airlines, air cargo operators, ground handling agents, and other airport service providers. Its vast portfolio includes the management of 46 airports in Spain, 12 in Mexico, 2 in Colombia, a single airport in the United Kingdom, and 6 in Brazil. Founded in 2010 and headquartered in Madrid, Spain, the company adopted its current name, Aena S.M.E., S.A., in April 2017, having previously been known as Aena, S.A. Aena S.M.E., S.A. is a subsidiary of ENAIRE.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR26.36 -0.24 (-0.90%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
0.77
Float Shares
702.72M
Free Float %
46.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.68% -2.32% -12.16% -14.43% +2.93% -1.18% +4.16% +54.77% +61.45% +93.27% +236.29%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
26.36
DCF (Unlevered) 14.73 -44.1%
DCF (Levered) 32.13 +21.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 29% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 6 0
Hold 13 0
Sell 2 0
Strong Sell 2 0
Quality scores
Altman Z-Score
3.68
Safe zone
Piotroski F-Score
8 / 9
Strong
MOAT Score
7 / 10
Strong MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers ★ Strong MOAT
  • Revenue growth Airlines, Airports & Air Services: +6.5%
    +8.5% Q1'26: +11.5% (vs Q1'25)
  • EPS growth Airlines, Airports & Air Services: +12.5%
    +10.1% Q1'26: +10.0% (vs Q1'25)
  • FCF margin FCF growth · Airlines, Airports & Air Services: -2.8%
    +30.2% Q1'26: +41.6% (vs Q1'25)
  • EBIT margin Airlines, Airports & Air Services: +10.3%
    +45.9% Q1'26: +34.6% (vs Q1'25)
  • ROIC Airlines, Airports & Air Services: +6.0%
    +15.8% Q1'26: +10.7% (vs Q1'25)
  • Share dilution Airlines, Airports & Air Services: +0.0%
    +0.0% Q1'26: -0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Airlines, Airports & Air Services: 1.43×
    1.98× Q1'26: 2.81× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.76) × ERP
WACC = 83% × Ke + 17% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 14.70 Current price: 26.36
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
16 Rev. Ana.
12 EPS Ana.
Dec 2027
19 Rev. Ana.
15 EPS Ana.
Dec 2028
15 Rev. Ana.
14 EPS Ana.
Dec 2029
11 Rev. Ana.
8 EPS Ana.
Dec 2030
7 Rev. Ana.
12 EPS Ana.
Revenue
3.45B
est: 3.50B (-1.5%)
3.72B
est: 3.77B (-1.5%)
3.97B
est: 4.02B (-1.2%)
4.21B
est: 4.23B (-0.4%)
4.45B
est: 4.50B (-1.1%)
2.19B
est: 2.10B (+4.1%)
2.44B
est: 2.43B (+0.4%)
4.19B
est: 3.82B (+9.7%)
5.05B
est: 5.47B (-7.7%)
5.78B
est: 5.83B (-0.8%)
6.28B
est: 6.29B (-0.1%)
6.77B
6.66B – 6.96B
+7.7% YoY
7.04B
6.79B – 7.22B
+4.1% YoY
7.23B
7.22B – 7.23B
+2.6% YoY
7.52B
7.33B – 7.72B
+4.1% YoY
7.80B
7.60B – 8.01B
+3.7% YoY
EBITDA
2.09B
est: 1.48B (+41.3%)
2.46B
est: 1.60B (+54.1%)
2.50B
est: 1.70B (+46.9%)
2.64B
est: 1.79B (+47.7%)
2.76B
est: 1.91B (+45.0%)
678.56M
est: 890.35M (-23.8%)
145.54M
est: 1.03B (-85.8%)
2.06B
est: 1.62B (+27.3%)
3.23B
est: 2.64B (+22.2%)
3.69B
est: 2.81B (+31.0%)
3.68B
est: 3.03B (+21.3%)
3.27B
3.21B – 3.36B
+7.7% YoY
3.40B
3.28B – 3.48B
+4.1% YoY
3.49B
3.48B – 3.49B
+2.6% YoY
3.63B
3.54B – 3.73B
+4.1% YoY
3.77B
3.67B – 3.87B
+3.7% YoY
EBIT
1.25B
est: 631.74M (+97.4%)
1.63B
est: 680.52M (+140.0%)
1.70B
est: 725.25M (+134.2%)
1.84B
est: 762.43M (+140.7%)
1.97B
est: 812.32M (+143.0%)
-128.30M
est: 379.59M (-133.8%)
-651.08M
est: 437.55M (-248.8%)
1.26B
est: 688.87M (+83.2%)
2.40B
est: 1.60B (+50.6%)
2.84B
est: 1.70B (+66.6%)
2.88B
est: 1.84B (+57.1%)
1.98B
1.94B – 2.03B
+7.7% YoY
2.06B
1.98B – 2.11B
+4.1% YoY
2.11B
2.11B – 2.11B
+2.6% YoY
2.20B
2.14B – 2.26B
+4.1% YoY
2.28B
2.22B – 2.34B
+3.7% YoY
Net Income
833.54M
est: 773.45M (+7.8%)
1.16B
est: 107.49M (+983.0%)
1.23B
est: 120.21M (+924.9%)
1.33B
est: 129.14M (+928.3%)
1.44B
est: 143.36M (+905.9%)
-126.79M
est: -18.18M (-597.3%)
-475.45M
est: -5.31M (-8,856.5%)
901.50M
est: 66.18M (+1,262.2%)
1.63B
est: 18.33B (-91.1%)
1.93B
est: 1.91B (+1.3%)
2.14B
est: 2.08B (+2.8%)
2.34B
2.27B – 2.39B
+12.4% YoY
2.39B
2.24B – 2.52B
+2.5% YoY
2.46B
2.11B – 2.60B
+2.7% YoY
2.47B
2.39B – 2.55B
+0.4% YoY
2.41B
2.33B – 2.50B
-2.3% YoY
SGA
34.41M
est: 49.70M (-30.8%)
39.20M
est: 53.54M (-26.8%)
49.79M
est: 57.05M (-12.7%)
56.38M
est: 59.98M (-6.0%)
62.00M
est: 63.90M (-3.0%)
45.33M
est: 29.86M (+51.8%)
49.17M
est: 34.42M (+42.8%)
54.88M
est: 54.19M (+1.3%)
79.87M
est: 354.08M (-77.4%)
108.54M
est: 377.71M (-71.3%)
1.61B
est: 407.14M (+294.7%)
438.30M
431.13M – 450.96M
+7.7% YoY
456.10M
439.89M – 467.36M
+4.1% YoY
467.94M
467.34M – 468.54M
+2.6% YoY
487.22M
474.50M – 500.25M
+4.1% YoY
505.37M
492.18M – 518.89M
+3.7% YoY
EPS
0.56
est: 5.15 (-89.1%)
0.78
est: 0.72 (+8.9%)
0.82
est: 0.80 (+2.4%)
0.89
est: 0.86 (+3.4%)
0.96
est: 0.96 (+0.5%)
-0.08
est: -0.12 (+30.3%)
-0.32
est: -0.04 (-804.6%)
0.60
est: 0.44 (+36.0%)
1.09
est: 12.21 (-91.1%)
1.29
est: 1.27 (+1.3%)
1.42
est: 1.39 (+2.5%)
1.54
1.51 – 1.59
+11.5% YoY
1.59
1.49 – 1.68
+3.2% YoY
1.62
1.40 – 1.73
+1.8% YoY
1.65
1.59 – 1.70
+1.4% YoY
1.61
1.55 – 1.66
-2.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-05-08 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-05-07 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-05-06 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-05-05 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-05-04 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-30 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-29 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-28 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-27 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-24 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-23 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-22 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-21 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-20 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-17 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-16 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-15 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
3.80B
OE per share TTM
2.54
Owner's Yield
10.85%
Maintenance CapEx ratio
38.43%
Maint CapEx / Avg PPE
282.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
303.2K
Shares Outstanding
1.50B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Francisco Javier Marin San Andres Airport Operations Director & Second Deputy Chairman 215.0K male
Maurici Lucena Betriu Chairman & Chief Executive Officer 196.0K male
Elena Mayoral Corcuera Managing Director of Airports female
Emilio Rotondo Deputy Chief Financial Officer male
Ignacio Castejon Hernandez Chief Financial Officer
Maria Gomez Rodriguez Director of Communications female
Maria Jose Cuenda Chamorro MD of Commercial & Real Estate female
Amparo Brea Alvarez Director of Innovation, Sustainability & Client Experience female
Pablo Hernandez-Lahoz Ortiz Deputy Secretary of the Board of Directors and Director of Legal Affairs & Regulatory Compliance male
Begona Gosalvez Mayordomo Director of Organization & People female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits