Obermatt

Athens International Airport

ATH:AIA · GRS536003007
Transportation InfrastructureSmall

360

49
EV / EBIT72
Price / Owner Earnings21
Owner Earnings Yield60
Dividend Yield89
Price/Sales7
EV / Gross Profit61
Price/Book8
Return on Capital92
Cash Return on Capital84
Return on Equity88
EBIT Margin98
Gross Profitability92
Cash Conversion29
Accruals40
Owner Earnings Margin80
Sales growth4
Profit Growth61
Long-Term EPS Growth49
Owner Earnings Growth17
Reinvestment89
Price momentum46
Debt load40
Refinancing45
Debt Payback49
Liquidity80
Analyst ratings8
Opinion Changes50
Price Target Upside39
Market mood100
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Athens International Airport clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryGermany
IndustryTransportation Infrastructure
SizeSmall
TypePublic Company
ExchangeATSE
Employees460
Websiteaia.gr
ISINGRS536003007
Last UpdateApr 2, 2026
Themes
Freight ServiceCourier ServiceTaxi ServiceBusiness TravelTravel

Description

Analysis

Quality compounder

Athens International Airport S.A. is a quality compounder: a well-run business trading at a price that reflects what it is worth. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is fair. You pay 24.2× its owner earnings: the cash an owner could take out each year, which is in the historically fair zone. At today's price, the market is assuming roughly 9% yearly growth; analysts expect 2%. The gap between price and consensus is worth watching: demanding expectations.

The trajectory is tepid and the balance sheet is adequate. The company scores 12/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

What to watch: The financial cushion is thinner than comfortable. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
35
2026

All-time high

35

Jun 2026

All-time low

25

Mar 2026

Average rank

28

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
7
Price/Earnings
40
Price/Book
8
Dividend Yield
89
Value (overall)
22

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →