Aena SA
Research Aena SA (AENA) on Bullrun: valuation model: 17.2% undervalued, market cap EUR 40.38B, P/E 18.1, dividend yield 4.1%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerAENA
- ExchangeMC
- CountrySpain
- SectorIndustrials
- IndustryAirports & Air Services
- CurrencyEUR
- Valuation signal17.2% undervalued
- Market capEUR 40.38B
- P/E18.1
- Dividend yield4.1%
- Financial periodQ2 2026
- RevenueEUR 1.82B
- Net incomeEUR 672.53M
- Free cash flowEUR 416.57M
- Gross margin75.5%
Valuation Snapshot
Bullrun's latest valuation model marks Aena SA as 17.2% undervalued; latest market cap is EUR 40.38B; P/E is 18.1; dividend yield is 4.1%.
Peer valuation comparison
Latest P/E is 18.08x versus a Industrials sector median of 20.76x (12.9% below).
Latest dividend yield is 4.13% versus a Industrials sector median of 2.39% (72.8% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | EUR 8.08B | EUR 2.82B | n/a | 76.7% | n/a | EUR 2.05B | EUR 5.22B | EUR 9.21B |
| FY2024 | EUR 5.76B | EUR 1.97B | EUR 2.01B | 103.7% | 12.89 | EUR 1.82B | EUR 7.32B | EUR 8.21B |
| FY2023 | EUR 5.04B | EUR 1.65B | EUR 1.67B | 86.1% | 10.87 | EUR 2.36B | EUR 8.59B | EUR 7.56B |
| FY2022 | EUR 4.18B | EUR 906.35M | EUR 1.33B | 82.2% | 6.01 | EUR 1.57B | EUR 7.82B | EUR 6.64B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-24 | EUR 40.38B | 18.1 | 4.2% | 1.09 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.09 EUR, yield 4.1%.
| Year | Dividends/share |
|---|---|
| FY2024 | 0.77 EUR |
| FY2023 | 0.48 EUR |
About Aena SA
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. It also manages commercial spaces in airport terminals, and a network of car parks;
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Frequently asked questions
Is Aena SA overvalued or undervalued?
Bullrun's valuation model currently marks Aena SA as 17.2% undervalued.
What is Aena SA's market cap?
Aena SA's market capitalization is EUR 40.38B.
What is Aena SA's P/E ratio?
Aena SA's price-to-earnings (P/E) ratio is 18.1.
Does Aena SA pay a dividend?
Aena SA has a dividend yield of 4.1%.
What does Aena SA do?
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. It also manages commercial spaces in airport terminals, and a network of car parks; and leasing or transfer use of land, office buildings, warehouses, hangars, and cargo vessels to airlines, air cargo operators, handling agents and other airport service providers.