Investors Met With Slowing Returns on Capital At Corporación América Airports (NYSE:CAAP)
Oct 10
U.S. Infrastructure Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies8
- 7D-1.4%
- 3M-5.7%
- 1Y8.2%
- YTD8.9%
Over the last 7 days, the Infrastructure industry has dropped 1.4%, driven by a pullback from Corporación América Airports of 2.1%. Over the past 12 months, the industry was up 8.2%. Looking forward, earnings are expected to remain mostly flat in the next few years.
Industry Valuation and Performance
Has the U.S. Infrastructure Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | US$6.6b | US$3.6b | US$701.9m | 7.6x | 9.4x | 1.8x |
| Thu, 28 Sep 2023 | US$7.0b | US$3.6b | US$701.0m | 7.6x | 10x | 1.9x |
| Sat, 26 Aug 2023 | US$7.1b | US$3.6b | US$701.0m | 7.6x | 10.1x | 2x |
| Mon, 24 Jul 2023 | US$7.0b | US$3.5b | US$714.2m | 9x | 9.8x | 2x |
| Wed, 21 Jun 2023 | US$6.5b | US$3.5b | US$714.2m | 8.8x | 9.1x | 1.8x |
| Fri, 19 May 2023 | US$6.6b | US$3.4b | US$708.5m | 9.3x | 9.4x | 1.9x |
| Sun, 16 Apr 2023 | US$6.5b | US$3.4b | US$718.6m | 8.7x | 9x | 1.9x |
| Tue, 14 Mar 2023 | US$6.5b | US$3.3b | US$701.3m | 8.8x | 9.3x | 2x |
| Thu, 09 Feb 2023 | US$6.3b | US$3.1b | US$780.2m | 8.1x | 8.1x | 2x |
| Sat, 07 Jan 2023 | US$6.1b | US$3.1b | US$780.2m | 8x | 7.9x | 2x |
| Mon, 05 Dec 2022 | US$6.2b | US$3.1b | US$792.8m | 7.9x | 7.8x | 2x |
| Wed, 02 Nov 2022 | US$6.1b | US$2.9b | US$620.4m | 9.2x | 9.8x | 2.1x |
| Fri, 30 Sep 2022 | US$5.4b | US$2.9b | US$620.4m | 8.8x | 8.8x | 1.9x |
| Sun, 28 Aug 2022 | US$5.7b | US$2.9b | US$620.4m | 9.7x | 9.2x | 2x |
| Tue, 26 Jul 2022 | US$4.6b | US$2.7b | US$422.5m | 6.6x | 10.8x | 1.7x |
| Thu, 23 Jun 2022 | US$4.6b | US$2.7b | US$422.5m | 6.3x | 10.8x | 1.7x |
| Sat, 21 May 2022 | US$5.3b | US$2.7b | US$423.0m | 7.3x | 12.5x | 2x |
| Mon, 18 Apr 2022 | US$1.9b | US$995.6m | -US$98,639,031.00 | 8.1x | -19.2x | 1.9x |
| Wed, 16 Mar 2022 | US$1.4b | US$891.3m | -US$123,487,388.00 | 10.8x | -10.9x | 1.5x |
| Fri, 11 Feb 2022 | US$1.3b | US$892.1m | -US$115,737,205.00 | 10.6x | -11.5x | 1.5x |
| Sun, 09 Jan 2022 | US$1.4b | US$892.1m | -US$115,737,205.00 | 11.8x | -11.7x | 1.5x |
| Tue, 07 Dec 2021 | US$1.3b | US$863.8m | -US$138,832,205.00 | 63.2x | -9.2x | 1.5x |
| Thu, 04 Nov 2021 | US$1.3b | US$764.5m | -US$264,216,698.00 | 63.3x | -4.8x | 1.7x |
| Sat, 02 Oct 2021 | US$4.8b | US$1.7b | -US$418,069,698.00 | 70.4x | -11.6x | 2.8x |
| Mon, 30 Aug 2021 | US$4.8b | US$1.7b | -US$437,650,945.00 | 76.5x | -11x | 2.8x |
| Tue, 06 Jul 2021 | US$4.7b | US$1.7b | -US$437,650,945.00 | 85x | -10.8x | 2.7x |
| Fri, 09 Apr 2021 | US$3.9b | US$1.5b | -US$491,802,044.00 | 51x | -8x | 2.6x |
| Thu, 31 Dec 2020 | US$4.1b | US$1.7b | -US$483,140,351.00 | 34x | -8.5x | 2.4x |
Price to Earnings Ratio
-5.9x
Current Industry PE
- Investors are pessimistic on the American Infrastructure industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 9.4x which is higher than its 3-year average PE of -0.17x.
- The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- Total earnings for the Infrastructure industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 20% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Industrials industry?
| US Market | -2.42% | |
| Industrials | -2.64% | |
| Infrastructure | -1.40% | |
| Marine Ports and Services | 0.84% | |
| Highways and Railtracks | 0% | |
| Airport Services | -5.37% | |
Industry PE
- Investors are most optimistic about the Airport Services industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 31.2%, which is lower than the prior year's growth of 53.2% per year.
- Investors are most pessimistic about the Marine Ports and Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 1.1x.
Forecasted Growth
- Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 31% over the next 5 years.
- However this is lower than its past earnings growth rate of 53% per year.
- In contrast, the Marine Ports and Services industry is expected to see its earnings decline by 16% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SGLY Singularity Future Technology | US$0.54 | 3.6% +US$329.3k | -78.9% | PS2.1x |