Professional
Added to YB: 2024-10-10
Pitch date: 2024-09-30
FRA.DE [bullish]
Fraport AG
+39.68%
current return
Author Info
No bio for this author
Company Info
Fraport AG owns and operates airports in Germany, rest of Europe, Asia, and the United States. It primarily focuses on the operation of Frankfurt Main airport.
Market Cap
EUR 5.5B
Pitch Price
EUR 49.90
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.80
P/E
13.12
EV/Sales
3.37
Sector
Transportation Infrastructure
Category
growth
L1 Long Short Fund Limited Portfolio Holding: Fraport AG
FRA.DE: Frankfurt Airport traffic +3.7% in Aug, int'l concessions strong. Terminal 3 on track for Q2 2026 opening. Traffic recovery towards 2019 levels (86% CYTD). As capex winds down, strong cash flows expected. Dividend return likely from 2026. Substantial upside potential as milestones achieved.
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