Aena S.M.E., S.A.

Factors to consider:

• Company pays dividends (irregularly): last record date 2025-04-23, amount 1.12$ (Y4.10%)
• Earnings for 9 months up through Q3 exceed our estimates

Stock Forecast*

* forecast is subjective and experimental, should not be used for any investment decisions

Long term estimates were made for the period from 2024-12-31 to 2026-12-31

• 2024-12-31 to 2025-12-31 estimated range: [16.84$, 24.85$]
• 2025-12-31 to 2026-12-31 estimated range: [17.60$, 26.10$]

Financial Metrics affecting the ANNSF estimates:

• Positive: with PPE of 1.5 at the end of fiscal year the price was neutral
• Positive: Operating profit margin, % of 45.96 > 18.64
• Positive: Operating cash flow per share per price, % of 92.03 > 13.24
• Negative: Industry operating cash flow per share per price (median), % of 3.39 <= 5.52
• Negative: Investing cash flow per share per price, % of -26.95 <= -14.38
• Negative: Industry inventory ratio change (median), % of 0.34 > 0.28
• Positive: 41.86 < Shareholder equity ratio, % of 48.76 <= 63.39
• Positive: -8.75 < Industry operating profit margin (median), % of -0.50
• Negative: Interest expense per share per price, % of 9.50 > 3.41