AENA AENA.MC
AENA is the operator of Spain's airport network, including Madrid-Barajas and Barcelona-El Prat, and also manages airports in other countries, generating revenue from airport fees, commercial services, and rents. Aena presents solid fundamentals: operating margin of 50.99%, ROE of 27.13% and a P/E of 17.33, with revenue growth of 9.20%. Its natural monopoly position and cash generation support a reasonable valuation and an attractive dividend.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
AENA is the operator of Spain's airport network, including Madrid-Barajas and Barcelona-El Prat, and also manages airports in other countries, generating revenue from airport fees, commercial services, and rents. Aena presents solid fundamentals: operating margin of 50.99%, ROE of 27.13% and a P/E of 17.33, with revenue growth of 9.20%. Its natural monopoly position and cash generation support a reasonable valuation and an attractive dividend.
Score by category
| Category | Score |
|---|---|
| Financial health | 7.1 |
| Quality / Moat | 7.8 |
| Valuation | 6.0 |
| Growth | 6.6 |
| Dividend | 7.3 |
| Momentum | 6.7 |
| Risk & Context | 6.1 |
OVERALL SCORE: 6.8/10
Context and risks
Aena operates under a DORA regulatory framework that sets maximum tariffs; an unfavorable review could limit revenue growth. Additionally, its business depends on air traffic, which is sensitive to geopolitical tensions affecting routes.
News considered in the analysis
- Aena SME SA (ANNSF) Full Year 2025 Earnings Call Highlights: Record Revenue and Passenger ... — Resultados récord ya publicados y ampliamente cubiertos; el mercado ya ha reaccionado, pero confirma la fortaleza operativa.
- Top European Dividend Stocks To Consider In February 2026 — Listículo genérico sin información específica nueva sobre Aena.
- 3 European Dividend Stocks Offering Up To 5.4% Yield — Listículo genérico; no aporta información nueva sobre la empresa.
- Top European Dividend Stocks For October 2025 — Listículo desactualizado y sin relevancia para la valoración actual.
Verdict: Hold or buy on pullbacks; the combination of moat, growth and dividend makes it attractive for the long term.
Main risk: The main risk is dependence on the regulatory tariff framework (DORA) and the sensitivity of air traffic to geopolitical or economic crises that reduce travel demand.
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