Added to YB: 2024-02-28
Pitch date: 2024-02-27
09O1.F [bullish]
Athens International Airport S.A.
+34.8%
current return
Author Info
No bio for this author
Company Info
Athens International Airport S.A. engages in the design, development, financing, construction, commissioning, maintenance, operation, and management of airport in Greece.
Market Cap
EUR 3.1B
Pitch Price
EUR 7.71
Price Target
13.00 (+25%)
Dividend
7.86%
EV/EBITDA
8.49
P/E
12.72
EV/Sales
5.59
Sector
Transportation Infrastructure
Category
value
Athens International Airport - A Peter Lynch-style thesis
AIA: Athens airport monopoly - 28M passengers in 2023, 39% of Greece traffic. Dual-till system for strong financials & growth. Expanding to 50M/yr, high barriers to entry. Booming tourism, aligned shareholders post-privatization. €13/share value (50%+ upside), risks: diversification & expansion costs.
Read full article (23 min)