An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.
In plain words · Corporación América Airports S.A., through its subsidiaries, acquires, develops, and operates airport concessions.
VERDICT
The label
Accumulation
read at $25.77
Corporación América Airports S.A. holds its Accumulation at $25.77.
PHPhase · the trend structure carries the Accumulation label
INInsiders · no filings inside 60 days, left as found
POPositioning · no disclosures inside 60 days, left as found
OPOptions · no verdict drawn today, left as found
SCScreen · passes the values gate
edge confirmed
edge broken
edge forming
Each arm is one independent read. Conviction is not a single call, it is how many edges converge.
INVESTOR
The investor read · the season, not the day
As held on the ledger · 2026-07-31
Phase
Accumulation
Quantitative state
Consolidating, no directional conviction, held for 43 days
Price
$25.77
Valuation
14.81 trailing · 11.31 forward price to earnings
Values screen
PASS· score 70.0
Beta
0.69
OPPORTUNITY
The opportunity · what the numbers say it is worth
Our framework reads OPPORTUNITY — it trades at roughly a 40% discount to our $36.00 fair value, moderate competitive moat, 20.10% revenue growth.
Read at
$25.77
14.81 P/E · 11.31 fwd
Our fair value
$36.00
40% discount
Analyst target (avg)
$32.00
+24% to current
Target low $27.50Analyst target rangeTarget high $36.00
▲ current $25.77 · | average target
Price history & projections · where it has been, where the models see it going
The valuation journey · where the price sits against fair value and the Street
Current
$25.77
you are here
Conservative
$34.17
+33%
Analyst avg
$32.00
+24%
Our fair value
$36.00
+40%
Analyst high
$36.00
+40%
Green marks levels above today's price, red below; the shaded band is the gap between the price and our fair value.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Revenue growth
20.10%
Profit margin
13.84%
Debt to equity
58.14
Analyst consensus
Buy · 7 covering
Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.
SCREEN
The values screen, explained · five checks, plain English
This company clears both standards. There are two widely recognised ways to check whether a company is suitable for a Muslim investor. Here is how it did on each:
The common standard· AAOIFI Used by most halal investing apps✓ PASSES
Our stricter standard· asset-based The one Titan applies✓ PASSES
Business activityIts core business isn't built on prohibited lines — no gambling, alcohol, tobacco, weapons, or interest-based lending.Pass
Debt loadInterest-bearing debt is just 27.6% of its assets, well under the one-third ceiling — it does not run on borrowed money.Pass
Interest-bearing cashCash held in interest-bearing accounts and securities is 17.8% of assets, under the one-third limit.Pass
ReceivablesMoney owed to the company is 0.0% of assets, under the 49% limit.Pass
Revenue purityOnly 0.0% of revenue comes from non-compliant sources — under the 5% line.Pass
Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.
PLAIN
The business, in plain words · what the numbers mean
Airports connecting emerging markets trade at a discount
Every time a passenger lands at one of the 52 airports this firm runs from Buenos Aires to Yerevan, landing fees and retail spend keep the cash flowing. Revenue growth of 20 percent, a 14 percent profit margin and 17 percent ROE show a concessions business converting rising travel into real earnings. The shares sit at 10.9 times forward earnings against our 36 dollar fair value, a 45 percent margin of safety that the market has yet to close.
Why it stands out. A moderate moat from long dated contracts, an ethical screen cleared without issue, and seven analysts carrying a buy rating with a 32 dollar median target all point to a straightforward infrastructure compounder in faster growing regions. The setup rewards patient holders as passenger volumes recover and expand without the premium valuations seen in developed markets.
Currency swings across Latin America, sudden aviation downturns and political pressure on concession terms remain the real threats. A moderate moat also leaves scope for renegotiations or new entrants over time. Analysis, not advice.
Screened names in the same industry · explore each on its own page.
TRADE
Where & how to trade · wherever in the world you are
CAAP trades on the NYSE (the company is based in Luxembourg). As a US-listed security it is accessible through almost any international broker offering US markets. New to this, or investing from outside the US? Our guide to accessing global markets covers brokers, currencies and the practical steps.
TRADER
The trader read · the latest dated commentary
The framework has shifted from markup to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 6.1% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 6% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 22%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (7 analysts) rates it buy, with a mean price target of $32. Entered 2026-07-24 · Markdown
JOURNAL
The dated journal · newest first, never edited
2026-07-24Markdown · changed$24.83-6.1%Entry 4
The framework has shifted from markup to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 6.1% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 6% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 22%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (7 analysts) rates it buy, with a mean price target of $32.
2026-07-18Markup$26.43+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 6% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 22%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (7 analysts) rates it buy, with a mean price target of $32.
2026-07-03Markup$26.43+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Markup$26.43Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
POLITICAL
The political ledger · congressional disclosures
Disclosures naming CAAP
Date
Politician
Party
Type
Amount
7 Feb2025
Tim Walberg
Republican
buy
15K–50K
5 Jun2026
Gil Cisneros
Democrat
buy
1K–15K
16 Jun2026
Matt Van Epps
Republican
sell
1K–15K
15 May2026
David Taylor
Republican
sell
1K–15K
15 May2026
David Taylor
Republican
sell
1K–15K
RETURNS
What holding actually paid · price plus dividends
If $1,000 had been placed · historical, not a promise
Period
Price then
Price return
Divs per share
$1,000 became
Total return
1 month
$25.10
-0.9%
·
$991
-0.9%
2 months
$27.07
-8.1%
·
$919
-8.1%
3 months
$24.81
+0.2%
·
$1,002
+0.2%
6 months
$26.24
-5.2%
·
$948
-5.2%
1 year
$20.34
+22.3%
·
$1,223
+22.3%
2 years
$17.44
+42.6%
·
$1,426
+42.6%
3 years
$10.92
+127.8%
·
$2,278
+127.8%
5 years
$5.48
+353.8%
·
$4,538
+353.8%
Historical returns from market close data. Past performance does not guarantee future results.
SEALED
This entry now belongs to the ledger. Whatever CAAP does next, these words stay.
Corporación América Airports S.A. · CAAP · Accumulation · $25.77
Recorded 2026-07-31 · before the outcome · scored mechanically
