# Copa Holdings S.A. (CPA) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Airlines. Price $132.31, market value $5.4 billion.

## Valuation
- **P/E (trailing): 8.7×** (5-yr avg 19.1×, 3-yr avg 6.6×). Copa Holdings S.A. trades at 8.7× trailing earnings, well below its own five-year average of 19.1×: cheap by its own standards. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 6.8×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.58**. A PEG of 0.58 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.4×**. Each dollar of revenue is priced at 1.4×.
- **Price / book: 1.9×**. The shares trade at 1.9× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 8.3×**. Enterprise value is 8.3× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -1.4%**. Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 11.5%**. The inverse of the P/E: 11.5% of the price is earned each year.

## Profitability
- **Gross margin: 31.6%**. Copa Holdings S.A. keeps 31.6% of revenue after the direct cost of what it sells.
- **Operating margin: 19.5%**. 19.5% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 18.6%**. 18.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 24.2%**. 24.2% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 16.2%**. Return on all capital, debt included, is 16.2%: comfortably above what that capital costs.
- **Return on assets: 9.5%**. Each dollar of assets produces 9.5% of profit.

## Growth
- **Revenue growth (1 yr): 5.0%** (3-yr 6.9%/yr, 5-yr 35.2%/yr). Revenue grew 5.0% over the last year, against 35.2% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 11.9%** (3-yr 27.4%/yr). Earnings per share rose 11.9%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.65**. Debt is 0.65 times equity, moderate leverage.
- **Net debt / EBITDA: 1.7×**. It would take 1.7 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 7.4×**. Operating profit covers interest 7.4× over, a safe margin.
- **Altman Z-score: 2.40**. A Z-score of 2.40 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 5.17%** ($6.64 per share, trailing). Copa Holdings S.A. yields 5.17%, an income-level yield.
- **Payout ratio: 40%**. 40% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 3**. 3 straight years of increases.
- **Dividend growth (5 yr): 51.8%/yr** (1-yr 0.0%). The dividend has compounded at 51.8% a year over five years, doubling roughly every 1 years at that pace.

## Analyst view
- **Analyst consensus: strong_buy** (15 analysts). 15 analysts cover Copa Holdings S.A.; the consensus is strong_buy, with an average price target of $177.73 (+34% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 16.3%** (YTD 12.3%, 3-mo -1.0%). The shares are up 16.3% over twelve months including dividends.
- **From 52-week high: -17.5%** (23.1% above the low). Trading 18% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 48**. An RSI of 48 is neutral.
- **Beta (1 yr): 1.72** (volatility 42%). Beta of 1.72 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CPA · Page: https://foliofundamentals.com/stocks/cpa

Not investment advice.