CPA

Copa Holdings, S.A.

Fundamental data last updated:August 11, 2026

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company profile

SECTOR

Industrials

industry

Airlines, Airports & Air Services

Exchange

NYSE

County of HQ

PA

Next Earnings Date

Pending Announcement

Business Summary

Copa Holdings, S.A., through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 204 daily scheduled flights to 69 destinations in 29 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2021, it operated a fleet of 91 aircraft comprising 77 Boeing 737-Next Generation aircraft and 14 Boeing 737 MAX 9 aircraft. Copa Holdings, S.A. was founded in 1947 and is based in Panama City, Panama.

 


VALUATION

P/E

8.28

Market Cap ($M USD)

$5.86B

Forward P/E

5.53

PEG

0.11

PRICE TO SALES

1.55

PRICE TO BOOK

2.04

EV / EBITDA

8.62

5-Year Average P/E

Free Cash Flow Yield

1.85%

DCF Value

$173.71

Graham Number

$164.21

Price to FCF

54.06

EV to FCF

72.91

Earnings Yield

12.08%

FCF Yield

1.85%

DIVIDEND

Yield

4.67%

Annual Payout

$6.64

Payout Ratio

47.56%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$17.18

Next Year EPS Growth Estimate

$25.70

Next Year Revenue Growth Estimate

$4.94B

Return on Equity (ROE)

26.01%

FREE CASH FLOW

Operating Margin

22.91%

Debt-to-Equity

0.92

Piotroski F-Score

6

Altman Z-Score

2.52

Return on Invested Capital (ROIC)

16.21%

Current Ratio

1.16

Quick Ratio

1.06

Net Debt to EBITDA

2.23

Interest Coverage

8.55

Gross Profit margin

35.29%

FCF PER SHARE

$2.63

REVENUE PER SHARE

$91.57

Gainseekers Quantitative Analysis

Summary

Copa Holdings, S.A. appears to be significantly undervalued based on its DCF Value and Graham Number, both of which suggest a higher intrinsic value than recent pricing. The Forward P/E of 4.78 and an Earnings Yield of 13.26% indicate a compelling valuation, especially for a company with a robust Return on Equity of 25.62%. The Altman Z-score of 2.45 suggests moderate financial health, hinting at some risk but not immediate distress. Overall, the market seems to be underestimating Copa’s potential, providing a potential opportunity for savvy investors.

AI Exposure / Tech Reliance

In the rapidly evolving airline industry, Copa Holdings is positioned to leverage AI and modern technology to optimize operations and enhance customer experience. As airlines increasingly adopt AI for predictive maintenance and personalized services, Copa's ability to integrate these technologies could enhance its competitive edge. However, the industry's capital-intensive nature may slow down rapid tech adoption.

The Bull Case

For value and GARP investors, Copa Holdings presents an attractive opportunity. The company boasts a strong ROIC of 15.80%, indicating efficient capital use and management prowess. With a Piotroski F-Score of 6, it shows solid financial health, while a Free Cash Flow Yield of 7.27% underscores its ability to generate cash. The operating margin of 22.45% reflects strong pricing power, making it a compelling buy for those seeking growth at a reasonable price.

The Bear Case

Despite its strengths, Copa Holdings faces structural risks. The Price/Book ratio of 1.83 and Price/Sales ratio of 1.40 suggest the stock isn't as cheap as it might appear at first glance. Additionally, the stock's proximity to its 52-week high, with a mere 27.37% distance, raises concerns about potential overextension. Investors should also be wary of the company's moderate Altman Z-score, which indicates some financial vulnerability.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$180.83

Institutional Ownership %

1-Year Beta

0.92

Insider Buying % (6 Mo)

Distance to 52-Week High

10.02%

Distance to 52-Week Low

30.14%

EARNINGS SURPRISE %

16.48%

50-DAY SMA

$120.41

200-DAY SMA

$124.25

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.