Aena stock: fundamental analysis
Stocks · AENA · Industrials
Aena S.M.E., S.A., together with its subsidiaries, engages in the management of airports in Spain, Brazil, the United Kingdom, Mexico, and Colombia. The company operates through Airports, Real Estate Services, Región de Murcia International Airport, and International segments. Below are its fundamentals, explained in the order worth reading them: business quality, debt, growth and, last, whether the price is reasonable.
- Price: 25.38 EUR
- Market cap: 38.1B EUR
Data as of September 18, 2026 · Yahoo Finance
Quick read
Business quality
ROE of 27.1%: it earns a high return on shareholders' money. Out of every 100 in sales, 34.0 end up as profit.
Financial health
Net debt/EBITDA of 1.7x: it could repay its debt with less than two years of operating profit. Comfortable leverage.
Growth
Revenue is growing 9.2% year on year: a solid pace. Earnings are up 11.9%.
Valuation
It trades at a P/E of 17.0, below the 24.2 median of the industrials companies we track. A low P/E is not automatically a bargain: it can reflect risks or slower growth.
Dividend
Dividend yield of 4.3% (1.09 EUR per share per year) with a payout ratio of 73.2%.
Tools
All metrics
| Aena | Sector median | |
|---|---|---|
| Business quality | ||
| ROE | 27.1% | 24.1% |
| ROA | 10.9% | 2.6% |
| Gross margin | 80.6% | 66.9% |
| Operating margin | 51.0% | 10.4% |
| Net margin | 34.0% | 2.8% |
| Financial health | ||
| Net debt/EBITDA | 1.7x | 3.0x |
| Debt/equity | 0.9x | 1.6x |
| Current ratio | 1.1x | 1.1x |
| Growth | ||
| Revenue growth | 9.2% | 5.2% |
| Earnings growth | 11.9% | 14.7% |
| Valuation | ||
| P/E ratio | 17.0x | 24.2x |
| Forward P/E | 15.7x | 18.1x |
| EV/EBITDA | 11.7x | 11.1x |
| Price/book | 4.4x | 4.1x |
| FCF yield | 3.9% | 5.1% |
| Dividend | ||
| Dividend yield | 4.3% | 3.0% |
| Payout ratio | 73.2% | 87.6% |
| Beta (volatility) | 0.8x | 0.8x |
Frequently asked questions
What is Aena's P/E ratio?
Aena's P/E is 17.0 based on trailing 12-month earnings and 15.7 on expected earnings. The median for its sector among the companies we track is 24.2. Data as of September 18, 2026.
What dividend does Aena pay?
Dividend yield of 4.3% (1.09 EUR per share per year) with a payout ratio of 73.2%.
Is Aena stock expensive?
It trades at a P/E of 17.0, below the 24.2 median of the industrials companies we track. A low P/E is not automatically a bargain: it can reflect risks or slower growth. This is an educational reading based on ratios, not a buy or sell recommendation.
Does Aena have a lot of debt?
Net debt/EBITDA of 1.7x: it could repay its debt with less than two years of operating profit. Comfortable leverage.
What is Aena's market cap?
Aena has a market cap of 38.1B EUR and its shares trade at 25.38 EUR, with a 52-week range of 21.96 EUR to 28.86 EUR (data as of September 18, 2026).
Other companies in the sector
Trailing 12-month metrics. Educational content, not investment advice.