Corporación América Airports: When Real Value Is Trapped In Perceived Risk

  • Corporación América Airports operates 52 airports across Latin America and Europe, offering geographic diversification and exposure to both high-growth and stable markets with long-term concessions. Q1 2025 results confirmed strong operational momentum, with growing international traffic, expanding non-aeronautical revenues, and a resilient margin structure despite inflation and FX volatility. Corporación América Airports trades at deep valuation discounts, with EV/EBITDA and EV/EBIT forward multiples over 50% below sector averages, despite best-in-class operating margins.