
Aeroports de Paris S.A. (AEOXF)
ValueMarkers Composite Index
56% below intrinsic value ($269)
Aeroports de Paris S.A. (AEOXF) — VMCI valuation read
Headline read on AEOXF: VMCI of 50/100 versus a Industrials sector median of 50. The 0-point above-median position is what makes Aeroports de Paris S.A. a relative-value candidate in the mid-cap cohort, before any pillar-level review.
Form 4 filings on AEOXF: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.
**Investor frame.** Three reads on AEOXF: value (AEOXF trades at 19.0x earnings, 6% above the Industrials median of 18.0x), quality (ROIC of 15.0% sits 5.0pp above the Industrials median (10.0%)), and risk (net debt to EBITDA of -1.6x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Industrials 12.0x baseline.
AEOXF fell 1.1% over the trailing 7 days, with a -17.9% read on a 30-day basis.
Aeroports de Paris SA owns and operates airports worldwide. The company operates through Aviation, Retail and Services, Real Estate, International and Airport Developments, and Other Activities segments. The Aviation segment offers security and airport safety services, such as security checkpoints, screening systems, aircraft rescue, and fire-fighting services. The Retail and Services segment provides retail activities comprising of bars, restaurants, banks, car rentals, and retails shops, as well as engages in leasing of space for terminals, advertising, restaurant, and car park services. This segment is also involved in production and supply of heat, drinking water, and access to the chilled distribution networks. The Real Estate segment engages in construction, commercialization, and lease management of office, logistic buildings, and freight terminals; and provides property leasing services for airport terminals, as well as rents serviced land. The International and Airport Developments segment designs and operates airport activities. The Other Activities segment offers telecom and cybersecurity services. It operates and manages approximately 28 airports worldwide. Aeroports de Paris SA was incorporated in 1945 and is based in Tremblay-en-France, France.
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Key metrics explained
Definitions, formulas, and how ValueMarkers calculates each indicator used in AEOXF’s VM Score.
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