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Aena S.M.E., S.A. AENA.MC

ES · Bolsa de Madrid · XMAD · stock · Industrials · website

Aena S.M.E., S.A. statistics & valuation

Market cap€39.6B
P / E18.5×
P / S6.3×
P / B4.3×
P / FCF22.9×
Net margin33.9%
FCF margin27.5%
Net debt€5.2B
Enterprise value USD$51.9B
Earnings yield EBIT/EV6.6%
Return on capital18.1%
Graham number -46.9%€14.00

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€14.00); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
21.50% 32.30% 33.40% 33.90% 2022202320242025
Gross margin (%)
61.10% 65.90% 68.20% 70.40% 2022202320242025
Operating margin (%)
32.30% 41.70% 45.40% 47.10% 2022202320242025
Return on equity (%)
13.40% 20.60% 22.60% 23.20% 2022202320242025
Shares outstanding
1.50B 1.50B 1.50B 1.50B 2022202320242025
Net debt (€)
€6.05B €6.22B €5.19B €5.23B 2022202320242025
Share buybacks (€)
2022202320242025
Return on assets (%)
5.70% 9.10% 11.20% 11.70% 2022202320242025
Free cash flow margin (%)
27.10% 16.60% 33.30% 27.50% 2022202320242025
Debt / equity (×)
1.13× 1.08× 0.82× 0.79× 2022202320242025
EPS (€)
€0.60 €1.09 €1.29 €1.42 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Aena S.M.E., S.A. trades at about 18.6× earnings — below its 10-year norm (10-year range 18.5×–228.8×, median 161.7×).

18.5× 228.8×

Shaded band = 10-year range (18.5×–228.8×); dot = today's 18.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin70.4%68.2%65.9%61.1%
Operating margin47.1%45.4%41.7%32.3%
Net margin33.9%33.4%32.3%21.5%
FCF margin27.5%33.3%16.6%27.1%
Return on assets11.7%11.2%9.1%5.7%
Return on equity23.2%22.6%20.6%13.4%
Debt / equity0.70×0.67×0.82×1.04×
Current ratio1.881.251.271.48

Computed from company filings · ES · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.