Fraport FRA.DE
GermanyIndustrials · Airports & Air ServicesXetra · EUR
74.36 EUR (+25.6%)
18 analysts
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Fraport AG operates Frankfurt Airport, one of Europe's main hubs, and provides airport management and retail services in its terminals, in addition to holding stakes in other international airports.
Listed on Xetra · Symbol FRA.DE · ETR: FRA · Currency EUR
Key points
from its scores- ✕Poor share-price trend1.7
- ✕Fragile balance sheet2.9
- ✕Little competitive advantage2.9
AI analysis
bottom line, main risk, context and newsHold or avoid until a significant reduction in leverage and a sustainable improvement in profitability are confirmed; high indebtedness and the interest rate environment make the risk profile unattractive.
Fraport shows a very deteriorated financial health due to its high leverage (Net Debt/EBITDA of 6.85x) and weak profitability (ROIC of 4.21%), with negative earnings growth (-37.7%) contrasting with a seemingly moderate valuation (P/E 14.1). The rising interest rate environment in Europe adds additional pressure to its balance sheet and the valuation of its long-term cash flows.
The main risk is the high financial leverage (Net Debt/EBITDA of 6.85x and Debt/Equity of 219.75%), which in a rising interest rate environment by the ECB could make debt service more expensive and limit investment capacity and dividend payments.
Context and risks
Fraport operates in a regulated infrastructure sector and its balance sheet is highly leveraged (Net Debt/EBITDA of 6.85x), exposing it to a rising interest rate environment in Europe, where the ECB maintains a restrictive bias. Rising rates make servicing debt of this magnitude more expensive and pressure the valuation of a long-duration asset like an airport.
Is Fraport stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 34% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 14.1 | 25.4 | −45% |
| EV / EBITDA | 11.1 | 14.5 | −24% |
| Price / book | 1.1 | 4.1 | −74% |
| Price / sales | 1.2 | 2.1 | −41% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.4 out of 10 (median for Industrials: 5.0).
Average analyst target: 74.36 EUR, +25.6% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 2.9 (sector 6.4), Growth 3.1 (sector 6.6).
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 14.1
- Forward P/E
- 16.9
- EV / EBITDA
- 11.1
- Price / book
- 1.1
- Price / sales
- 1.2
- PEG
- 2.00
- Market cap
- 5.5B EUR
- Enterprise value
- 15.2B EUR
Profitability
- ROE
- 7.9%
- ROA
- 2.5%
- ROIC (approx.)
- 4.2%
- Gross margin
- 34.5%
- Operating margin
- 16.1%
- Net margin
- 8.6%
- Free cash flow
- −314.2M EUR
- FCF yield
- −5.7%
- Cash conversion
- −23%
Solvency
- Total debt
- 12.1B EUR
- Net debt
- 9.4B EUR
- Cash
- 2.7B EUR
- EBITDA
- 1.4B EUR
- Net debt / EBITDA
- 6.85
- Debt / equity
- 219.75
- Current ratio
- 1.51
- Quick ratio
- 1.49
Growth
- Revenue growth
- +5.8%
- Earnings growth
- −37.7%
- EPS (TTM)
- 4.20 EUR
- EPS (forward)
- 3.51 EUR
Dividend
- Dividend yield
- 1.7%
- Payout
- 23.8%
Risk and market
- Beta
- 1.00
- Analyst consensus
- Hold (18)
- Target price
- 74.36 EUR
- 52-week range
- 58.30 – 86.95
Recent news
All FRA.DE news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about Fraport
Is Fraport stock cheap or expensive?
On P/E and EV / EBITDA, it trades 34% below the Industrials median on average. Valuation score: 5.4 out of 10 (median for Industrials: 5.0). Average analyst target: 74.36 EUR, +25.6% versus the price. This is not investment advice.
What score does Fraport get on MeridIAn Screener?
It scores 4.0 out of 10, rank 1,967 of 2,130 (better than 7% of the companies analysed). Its strongest category is Risk & Context (6.0) and its weakest, Momentum (1.7). Analysis of 08/10/2026.
What is Fraport's P/E ratio?
Its P/E is 14.1: the share price equals 14.1 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 16.9.
How much is Fraport worth on the stock market?
Its market capitalisation is 5.5B EUR and its enterprise value, debt included, is 15.2B EUR.
How much debt does Fraport have?
Its net debt (debt minus cash) is 9.4B EUR. That is 6.85 times its EBITDA; the Industrials median is 1.58.
Does Fraport pay a dividend?
Yes: its dividend yield is 1.69% and it pays out 24% of its earnings.
How has Fraport stock performed over the last year?
It has fallen 21.1% over the last year, excluding dividends. Over the last 52 weeks it has traded between 58.30 and 86.95 EUR. Past performance does not guarantee future results.
What do analysts think of Fraport?
18 analysts cover it; their average recommendation is “Hold” and their average target is 74.36 EUR (+25.6% versus the price). It is an estimate, not market data.