Aena S.M.E., S.A. (ANNSF)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Aena S.M.E., S.A. (ANNSF) trades at $30.04 with AI Score 53/100 (Hold). Aena S. M. E. Market cap: 46B, Sector: Industrials.
Last analyzed: Mar 15, 2026Aena S.M.E., S.A. (ANNSF) Industrial Operations Profile
Aena S.M.E., S.A. operates and manages airport infrastructure across multiple countries, including Spain and Brazil. The company generates revenue through airport operations, real estate services, and international ventures. With a strong market cap and dividend yield, Aena is a key player in the global airport management sector.
Investment Thesis
Aena S.M.E., S.A. presents a compelling investment case based on its strong market position and diverse revenue streams. The company's high profit margin of 34.0% and gross margin of 73.9% indicate efficient operations and pricing power. Aena's dividend yield of 3.83% offers an attractive income stream for investors. The company's beta of 0.89 suggests lower volatility compared to the overall market. Growth catalysts include expansion of international operations and increased commercial activities within its airport network. Potential risks include economic downturns affecting air travel and regulatory changes impacting airport operations. The company's P/E ratio of 17.89 reflects a reasonable valuation relative to its earnings.
Based on FMP financials and quantitative analysis
Key Highlights
- Market capitalization of $44.26 billion reflects Aena's significant presence in the airport management industry.
- Profit margin of 34.0% demonstrates strong operational efficiency and profitability.
- Gross margin of 73.9% indicates effective cost management and pricing strategies.
- Dividend yield of 3.83% provides an attractive income stream for investors.
- Beta of 0.89 suggests lower volatility compared to the broader market.
Competitors & Peers
Strengths
- Extensive network of airports in Spain and other countries.
- Diversified revenue streams from airport operations, real estate services, and international ventures.
- Strong market position in the Spanish airport management industry.
- High profit and gross margins.
Weaknesses
- Exposure to economic cycles and fluctuations in air travel demand.
- Dependence on regulatory approvals and government policies.
- Potential for increased competition from other airport operators.
- Vulnerability to security threats and disruptions.
Catalysts
- Upcoming: Expansion of international operations through acquisitions and management contracts.
- Ongoing: Increased commercial activities within airport terminals, driving revenue growth.
- Ongoing: Development of real estate assets and cargo storage facilities.
- Ongoing: Investment in technological innovations to improve airport operations and passenger experience.
- Ongoing: Focus on sustainable airport development and eco-friendly practices.
Risks
- Potential: Economic downturns affecting air travel demand and airport revenues.
- Potential: Regulatory changes impacting airport operations, fees, and environmental regulations.
- Potential: Security threats and disruptions to air travel, affecting passenger traffic.
- Ongoing: Increased competition from other airport operators in key markets.
- Ongoing: Fluctuations in fuel prices and other operating costs affecting profitability.
Growth Opportunities
- Expansion of International Operations: Aena has the opportunity to expand its international footprint by acquiring or managing additional airports in high-growth markets. This includes further expansion in Latin America and exploring opportunities in Asia-Pacific. The global airport management market is projected to reach $180 billion by 2030, offering significant growth potential for Aena. Timeline: Ongoing.
- Increased Commercial Activities: Aena can enhance revenue by increasing commercial activities within its airport terminals, such as expanding retail offerings, food and beverage options, and advertising spaces. The global airport retail market is expected to reach $60 billion by 2028. Aena's focus on improving the passenger experience can drive higher spending within its airports. Timeline: Ongoing.
- Development of Real Estate Assets: Aena can leverage its real estate holdings to develop office buildings, warehouses, and cargo storage facilities, catering to airlines, air cargo operators, and other airport service providers. The demand for airport-related real estate is growing, driven by increasing air cargo volumes and the need for efficient logistics infrastructure. Timeline: Ongoing.
- Technological Innovation: Aena can invest in technological innovations to improve airport operations, enhance passenger experience, and reduce costs. This includes implementing automated check-in systems, biometric identification, and smart security solutions. The global airport technology market is projected to reach $15 billion by 2027. Timeline: Ongoing.
- Sustainable Airport Development: Aena can focus on developing sustainable airport infrastructure and implementing eco-friendly practices to reduce its environmental impact. This includes investing in renewable energy sources, improving energy efficiency, and reducing waste. The demand for sustainable airport solutions is growing, driven by increasing environmental awareness and regulatory pressures. Timeline: Ongoing.
Opportunities
- Expansion of international operations through acquisitions and management contracts.
- Increased commercial activities within airport terminals.
- Development of real estate assets and cargo storage facilities.
- Investment in technological innovations to improve airport operations.
Threats
- Economic downturns affecting air travel demand.
- Regulatory changes impacting airport operations and fees.
- Security threats and disruptions to air travel.
- Increased competition from other airport operators.
Competitive Advantages
- Strategic Locations: Aena's airports are located in key markets, providing a competitive advantage.
- Regulatory Approvals: Obtaining regulatory approvals to operate airports creates a barrier to entry.
- Established Infrastructure: Aena's existing airport infrastructure provides a significant advantage over new entrants.
- Economies of Scale: Aena benefits from economies of scale due to its large network of airports.
About ANNSF
Founded in 2010 and headquartered in Madrid, Spain, Aena S.M.E., S.A. has grown to become a significant player in the airport management industry. Originally known as Aena, S.A., the company rebranded in 2017 to Aena S.M.E., S.A. The company's core business revolves around the operation, maintenance, management, and administration of airport infrastructures and heliports. Aena manages a vast network of airports, including 46 in Spain, 12 in Mexico, 2 in Colombia, 1 in the United Kingdom, and 6 in Brazil. Aena operates through four primary segments: Airports, Real Estate Services, International, and SCAIRM. The Airports segment focuses on the core operations of passenger and cargo services. The Real Estate Services segment manages commercial spaces within airport terminals and car parks, offering rental opportunities for duty-free shops, specialty retailers, food and beverage establishments, and advertising. The International segment handles Aena's airport operations outside of Spain. The SCAIRM segment focuses on security and related services. Aena also leases office buildings, warehouses, hangars, and cargo storage facilities to airlines and other airport service providers. Aena S.M.E., S.A. is a subsidiary of ENAIRE.
What They Do
- Operates and maintains airport infrastructures and heliports.
- Manages 46 airports in Spain.
- Manages 12 airports in Mexico.
- Manages 2 airports in Colombia.
- Manages 1 airport in the United Kingdom.
- Manages 6 airports in Brazil.
- Manages commercial spaces in airport terminals and car parks.
- Leases office buildings, warehouses, hangars, and cargo storage facilities.
Business Model
- Generates revenue from airport operations, including passenger and cargo services.
- Earns income from real estate services, such as renting commercial spaces and leasing facilities.
- Receives revenue from international airport operations.
- Provides security and related services through the SCAIRM segment.
Industry Context
Aena S.M.E., S.A. operates within the global airlines, airports, and air services industry, which is characterized by increasing passenger traffic and growing demand for airport infrastructure. The industry is influenced by factors such as economic growth, tourism trends, and regulatory policies. Aena competes with other airport operators, including Fraport AG (AFLYY), Flughafen Zurich AG (ASAZF), and Aeroports de Paris SA (ASAZY). Aena's focus on both airport operations and real estate services provides a diversified revenue base compared to competitors.
Key Customers
- Airlines that utilize airport facilities for passenger and cargo transportation.
- Passengers who use airport services and facilities.
- Retailers and food and beverage operators who rent commercial spaces in airport terminals.
- Air cargo operators and handling agents who lease cargo storage facilities.
Financials
Chart & Info
Aena S.M.E., S.A. (ANNSF) stock price: $30.04 (+0.57, +1.94%)
Latest News
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Aena SME SA (ANNSF) Full Year 2025 Earnings Call Highlights: Record Revenue and Passenger ...
Yahoo! Finance: ANNSF News · Feb 25, 2026
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Aena SME S.A. ADR (ANYYY) Q4 2025 Earnings Call Transcript
seekingalpha.com · Feb 25, 2026
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Top European Dividend Stocks To Consider In February 2026
Yahoo! Finance: ANNSF News · Feb 5, 2026
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Top European Dividend Stocks To Consider In February 2026
Simply Wall St. · Feb 5, 2026
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ANNSF.
Price Targets
Wall Street price target analysis for ANNSF.
MoonshotScore
What does this score mean?
The MoonshotScore rates ANNSF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
Aena SME SA (ANNSF) Full Year 2025 Earnings Call Highlights: Record Revenue and Passenger ...
Aena SME S.A. ADR (ANYYY) Q4 2025 Earnings Call Transcript
Top European Dividend Stocks To Consider In February 2026
Top European Dividend Stocks To Consider In February 2026
Leadership: Maurici Lucena Betriu
CEO
Maurici Lucena Betriu serves as the CEO of Aena S.M.E., S.A., overseeing the management and operation of a vast network of airports. His career spans both the public and private sectors, with extensive experience in economics and public policy. He has held various leadership positions, demonstrating his expertise in strategic management and corporate governance. His educational background includes advanced studies in economics and business administration.
Track Record: Under Maurici Lucena Betriu's leadership, Aena has focused on expanding its international presence and enhancing its commercial activities. He has overseen the implementation of technological innovations to improve airport operations and passenger experience. His strategic decisions have contributed to Aena's strong financial performance and market position. He manages 9511 employees.
ANNSF OTC Market Information
The OTC Other tier represents the lowest tier of over-the-counter (OTC) markets. Companies in this tier often have limited or no financial disclosure, making it difficult for investors to assess their financial health and operational performance. Unlike companies listed on major exchanges like the NYSE or NASDAQ, OTC Other companies do not have to meet stringent listing requirements, resulting in higher risks. This tier is generally considered the most speculative segment of the OTC market.
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- Disclosure Status: Unknown
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- Verify the company's registration and legal standing.
- Review available financial statements and disclosures.
- Assess the company's business model and competitive landscape.
- Research the background and experience of the company's management team.
- Check for any regulatory actions or legal disputes involving the company.
- Monitor trading volume and price movements for unusual activity.
- Consult with a qualified financial advisor.
- Subsidiary of ENAIRE: Being a subsidiary of ENAIRE, a state-owned company, adds a layer of credibility.
- Established Operations: Aena manages a large network of airports across multiple countries.
- Experienced Management: The company is led by an experienced CEO with a background in economics and public policy.
- Strong Market Position: Aena holds a significant market share in the Spanish airport management industry.
- Dividend Payments: The company's dividend yield of 3.83% suggests a commitment to returning value to shareholders.
ANNSF Industrials Stock FAQ
What does Aena S.M.E., S.A. do?
Aena S.M.E., S.A. operates as a global airport management company, primarily focused on the operation, maintenance, and administration of airport infrastructures and heliports. It manages a vast network of airports across Spain, Mexico, Colombia, the United Kingdom, and Brazil. The company generates revenue through airport operations, real estate services, and international ventures, providing essential services to airlines, passengers, and other airport service providers. Aena's business model includes managing commercial spaces, leasing facilities, and offering security services.
What do analysts say about ANNSF stock?
Analyst consensus on ANNSF stock reflects a generally positive outlook, driven by the company's strong market position and growth opportunities. Key valuation metrics include a P/E ratio of 17.89 and a dividend yield of 3.83%. Growth considerations center on the company's ability to expand its international operations and increase commercial activities within its airport network. Analysts also monitor the company's exposure to economic cycles and regulatory changes. This is a neutral summary of analyst sentiment and does not constitute investment advice.
What are the main risks for ANNSF?
The main risks for Aena S.M.E., S.A. include economic downturns affecting air travel demand, regulatory changes impacting airport operations and fees, and security threats disrupting air travel. Increased competition from other airport operators and fluctuations in fuel prices also pose risks to the company's profitability. These factors can impact Aena's revenue, operating costs, and overall financial performance. Investors should carefully consider these risks when evaluating ANNSF stock.
What are the key factors to evaluate for ANNSF?
Aena S.M.E., S.A. (ANNSF) currently holds an AI score of 53/100, indicating moderate score. The stock trades at a P/E of 18.3x, below the S&P 500 average (~20-25x), potentially signaling value. Key strength: Extensive network of airports in Spain and other countries.. Primary risk to monitor: Potential: Economic downturns affecting air travel demand and airport revenues.. This is not financial advice.
How frequently does ANNSF data refresh on this page?
ANNSF prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven ANNSF's recent stock price performance?
Recent price movement in Aena S.M.E., S.A. (ANNSF) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Extensive network of airports in Spain and other countries.. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Should investors consider ANNSF overvalued or undervalued right now?
Determining whether Aena S.M.E., S.A. (ANNSF) is overvalued or undervalued requires examining multiple metrics. Its P/E ratio is 18.3. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive view.
What research should beginners do before buying ANNSF?
Before investing in Aena S.M.E., S.A. (ANNSF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
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