CPA Valuation

Copa Holdings SA

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117.060

+3.27(2.874%)1D

Overview
Forecast
Valuation
Earnings

CPA Relative Valuation

CPA's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, CPA is overvalued; if below, it's undervalued.

Historical Valuation

Copa Holdings SA (CPA) is now in the Fair zone, suggesting that its current forward PS ratio of 1.25 is considered Fairly compared with the five-year average of 509.66. The fair price of Copa Holdings SA (CPA) is between 75.66 to 155.49 according to relative valuation methord.

Relative Value

Fair Zone

75.66-155.49

Current Price：117.06

Fair

6.60

Trailing

Forward

4.87

EV/EBITDA

Copa Holdings SA. (CPA) has a current EV/EBITDA of 4.87. The 5-year average EV/EBITDA is 5.41. The thresholds are as follows: Strongly Undervalued below -13.80, Undervalued between -13.80 and -4.20, Fairly Valued between 15.01 and -4.20, Overvalued between 15.01 and 24.62, and Strongly Overvalued above 24.62. The current Forward EV/EBITDA of 4.87 falls within the Historic Trend Line -Fairly Valued range.

6.68

EV/EBIT

Copa Holdings SA. (CPA) has a current EV/EBIT of 6.68. The 5-year average EV/EBIT is 19.30. The thresholds are as follows: Strongly Undervalued below -71.52, Undervalued between -71.52 and -26.11, Fairly Valued between 64.72 and -26.11, Overvalued between 64.72 and 110.13, and Strongly Overvalued above 110.13. The current Forward EV/EBIT of 6.68 falls within the Historic Trend Line -Fairly Valued range.

1.25

Copa Holdings SA. (CPA) has a current PS of 1.25. The 5-year average PS is 1.35. The thresholds are as follows: Strongly Undervalued below 0.28, Undervalued between 0.28 and 0.81, Fairly Valued between 1.88 and 0.81, Overvalued between 1.88 and 2.41, and Strongly Overvalued above 2.41. The current Forward PS of 1.25 falls within the Historic Trend Line -Fairly Valued range.

4.25

P/OCF

Copa Holdings SA. (CPA) has a current P/OCF of 4.25. The 5-year average P/OCF is 6.75. The thresholds are as follows: Strongly Undervalued below -1.77, Undervalued between -1.77 and 2.49, Fairly Valued between 11.00 and 2.49, Overvalued between 11.00 and 15.26, and Strongly Overvalued above 15.26. The current Forward P/OCF of 4.25 falls within the Historic Trend Line -Fairly Valued range.

13.14

P/FCF

Copa Holdings SA. (CPA) has a current P/FCF of 13.14. The 5-year average P/FCF is 7.75. The thresholds are as follows: Strongly Undervalued below -81.23, Undervalued between -81.23 and -36.74, Fairly Valued between 52.24 and -36.74, Overvalued between 52.24 and 96.73, and Strongly Overvalued above 96.73. The current Forward P/FCF of 13.14 falls within the Historic Trend Line -Fairly Valued range.

Copa Holdings SA (CPA) has a current Price-to-Book (P/B) ratio of 1.83. Compared to its 3-year average P/B ratio of 2.02 , the current P/B ratio is approximately -9.12% higher. Relative to its 5-year average P/B ratio of 2.20, the current P/B ratio is about -16.61% higher. Copa Holdings SA (CPA) has a Forward Free Cash Flow (FCF) yield of approximately 5.77%. Compared to its 3-year average FCF yield of 7.77%, the current FCF yield is approximately -25.75% lower. Relative to its 5-year average FCF yield of 5.96% , the current FCF yield is about -3.10% lower.

1.83

P/B

Median3y

2.02

Median5y

2.20

5.77

FCF Yield

Median3y

7.77

Median5y

5.96

Competitors Valuation Multiple

The average P/S ratio for CPA's competitors is 0.69, providing a benchmark for relative valuation. Copa Holdings SA Corp (CPA) exhibits a P/S ratio of 1.25, which is 82.40% above the industry average. Given its robust revenue growth of 2.83%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Wheels Up Experience Inc

Performance Decomposition

Market capitalization of CPA increased by 29.49% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 14.68 to 17.67.

The secondary factor is the P/E Change, contributed 6.29%to the performance.

Overall, the performance of CPA in the past 1 year is driven by Margin Expansion. Which is more sustainable.

2.83%

819.40M → 842.60M

Revenue Growth

20.37%

14.68 → 17.67

Margin Expansion

6.29%

6.97 → 7.41

P/E Change

29.49%