Corporación América Airports S.A.

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $300M normalized FCF base (approximated from $727.8M FY2025 adjusted EBITDA at a ~41% EBITDA-to-FCF conversion typical for concession-based airport operators); 7% FCF growth years 1-5; 5% years 6-10; 11% discount rate (EM/LatAm country-risk premium); 3% terminal growth; $230M net cash; 163.4M shares outstanding.

Reasoning: Corporación América Airports is a long-duration concession business with growing passenger traffic and a strengthening net-cash balance sheet, which suits a DCF with a higher-than-US discount rate to capture Argentina/LatAm currency, political, and regulatory risk; EBITDA was used as the FCF proxy since the detailed cash flow statement was not separately available.