Aena SME SA

Aena SME SA, formerly Aena SA, is a Spain-based company primarily engaged in the airports operation. Its activities are divided into four segments: Airports, which comprises Aeronautical subdivision, responsible for the management of airports, jetways, security, handling, cargo and fuel services, among others, as well as Commercial subdivision, including duty-free and specialty stores, restaurant services, car rental, as well as banking services and advertising; Services outside the terminal, which manages real estate assets, such as parking lots, warehouses and lands; International, which comprises operations of Company's subsidiary, Aena Desarrollo Internacional SA, that invests in other airport owners principally in Mexico, Colombia and the United Kingdom; and Others, encompassing corporate activities. It manages tourism, hub and regional airports, as well as heliports and general aviation areas. Furthermore, its destination range comprises Europe, the Americas, Asia and Africa.
  • TickerA12D3A
  • ISINES0105046009
  • ExchangeMadrid Stock Exchange
  • SectorIndustrial Transportation
  • CountrySpain

Analysts

Valérie GASTALDY

Analyse court terme - AENA SA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 130,22 €, puis 124,30 €. Le franchissement de 151,20 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - AENA SA : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €130.22, then €124.30. Passing €151.20 would question the continuation of the fall.

Valérie GASTALDY

Medium term view - AENA SA : Falling prices.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

Valérie GASTALDY
Valérie GASTALDY

Short term view - AENA SA : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €141.00. The background trend would be questioned should prices rise above €154.60.

AENA: 2Q18 results were in-line with our estimates

  We do not expect the 2Q18 results to have a significant impact on Aena’s share price, given that they were in line with our estimates. We maintain our Sell recommendation and target price of €144.0/share unchanged.  

Rafael Fernández de Heredia

AENA - 1H’18 results: operating growth decelerates

Rafael Fernández de Heredia

Company Flash Note Reason: Company newsflow 28 June 2018 We remain neutral

AENA: Good guidance on traffic and larger dividend

We expect a positive impact on Aena’s stock price today, due to the higher dividend and the positive guidance provided on aeronautical traffic. We maintain our Sell recommendation.

Juan Moreno ...
  • Pedro Echeguren

Excess altitude

Aena’s current market price implies a 80% premium to RAB (€10,996Mn 2018e) for the aeronautics business (valuing the rest of business at 13x EV/EBITDA). We estimate a 18.8% downside potential for the shares and recommend to Sell with a target price of €144.0/share.

1 director sold

A director at Aena Sa sold 398 shares at 150.470EUR and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members ...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 27/04/2017

We have concerns over the composition of the Board of Directors, due to the combined Chairman-CEO position, the lack of independent representation (40% according to the Company and 33% as per our guidelines) and the excessive number of Directors representing the controlling shareholder (47%). In addition, we have concerns over the strict independence of the Lead Independent Director, Mr. Eduardo Fernández-Cuesta Luca de Tena, as he is the Chairman of a company that provided advisory services to Aena in 2016. Therefore, we recommend that shareholders oppose the appointment of representatives of...

Valérie GASTALDY

Analyse court terme - AENA SA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 130,22 €, puis 124,30 €. Le franchissement de 151,20 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - AENA SA : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €130.22, then €124.30. Passing €151.20 would question the continuation of the fall.

Valérie GASTALDY

Medium term view - AENA SA : Falling prices.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

Valérie GASTALDY
Valérie GASTALDY

Short term view - AENA SA : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €141.00. The background trend would be questioned should prices rise above €154.60.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch