(CPA) Copa Holdings - Overview
Exchange: NYSE •
Country: Panama •
Currency: USD •
Type: Common Stock •
ISIN: PAP310761054
Stock: Passenger Transport, Cargo Transport, Aircraft Fleet
Total Rating 59
Risk 86
Buy Signal 0.09
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 5.94% |
| Yield on Cost 5y | 9.40% |
| Yield CAGR 5y | 40.12% |
| Payout Consistency | 74.5% |
| Payout Ratio | 53.3% |
| Risk 5d forecast | |
|---|---|
| Volatility | 29.8% |
| Relative Tail Risk | -6.26% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.97 |
| Alpha | 64.97 |
| Character TTM | |
|---|---|
| Beta | 0.751 |
| Beta Downside | 0.619 |
| Drawdowns 3y | |
|---|---|
| Max DD | 33.47% |
| CAGR/Max DD | 0.77 |
Description: CPA Copa Holdings January 08, 2026
Copa Holdings S.A. (NYSE: CPA) is a Panama-based airline operator that provides passenger and cargo services through its subsidiaries. As of December 31 2024, the company managed a fleet of 112 aircraft, a legacy network dating back to its 1947 founding, and is classified under the GICS sub-industry “Passenger Airlines.”
Key operational metrics that shape Copa’s outlook include a 2023 passenger revenue of roughly $2.3 billion, an average load factor of 78 % across its Latin American routes, and a fuel-cost exposure that typically accounts for about 30 % of total operating expenses. The carrier’s performance is closely tied to regional economic growth-particularly GDP growth in Central and South America-and to fluctuations in oil prices and the USD/PAN exchange rate, which affect both cost structure and demand elasticity.
For a deeper quantitative dive, check out ValueRay’s dedicated CPA analysis page.
Piotroski VR‑10 (Strict, 0-10) 7.5
| Net Income: 665.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 2.66 > 1.0 |
| NWC/Revenue: 2.20% < 20% (prev 3.26%; Δ -1.07% < -1%) |
| CFO/TA 0.17 > 3% & CFO 1.09b > Net Income 665.2m |
| Net Debt (1.92b) to EBITDA (1.21b): 1.59 < 3 |
| Current Ratio: 1.06 > 1.5 & < 3 |
| Outstanding Shares: last quarter (41.1m) vs 12m ago -1.41% < -2% |
| Gross Margin: 34.95% > 18% (prev 0.32%; Δ 3463 % > 0.5%) |
| Asset Turnover: 59.96% > 50% (prev 63.26%; Δ -3.30% > 0%) |
| Interest Coverage Ratio: 9.29 > 6 (EBITDA TTM 1.21b / Interest Expense TTM 92.4m) |
Altman Z'' 3.28
| A: 0.01 (Total Current Assets 1.47b - Total Current Liabilities 1.40b) / Total Assets 6.28b |
| B: 0.44 (Retained Earnings 2.73b / Total Assets 6.28b) |
| C: 0.15 (EBIT TTM 858.8m / Avg Total Assets 5.89b) |
| D: 0.76 (Book Value of Equity 2.75b / Total Liabilities 3.61b) |
| Altman-Z'' Score: 3.28 = A |
Beneish M -3.02
| DSRI: 1.10 (Receivables 228.7m/204.1m, Revenue 3.53b/3.48b) |
| GMI: 0.92 (GM 34.95% / 32.08%) |
| AQI: 1.09 (AQ_t 0.07 / AQ_t-1 0.07) |
| SGI: 1.01 (Revenue 3.53b / 3.48b) |
| TATA: -0.07 (NI 665.2m - CFO 1.09b) / TA 6.28b) |
| Beneish M-Score: -3.02 (Cap -4..+1) = AA |
What is the price of CPA shares?
As of February 08, 2026, the stock is trading at USD 154.09 with a total of 406,984 shares traded.
Over the past week, the price has changed by +12.97%, over one month by +21.04%, over three months by +24.57% and over the past year by +79.36%.
Over the past week, the price has changed by +12.97%, over one month by +21.04%, over three months by +24.57% and over the past year by +79.36%.
Is CPA a buy, sell or hold?
Copa Holdings has received a consensus analysts rating of 4.53.
Therefore, it is recommended to buy CPA.
- StrongBuy: 9
- Buy: 5
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the CPA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 158.4 | 2.8% |
| Analysts Target Price | 158.4 | 2.8% |
| ValueRay Target Price | 212.9 | 38.2% |
CPA Fundamental Data Overview February 03, 2026
P/E Trailing = 8.4886
P/E Forward = 7.3801
P/S = 1.6464
P/B = 2.1029
P/EG = 0.16
Revenue TTM = 3.53b USD
EBIT TTM = 858.8m USD
EBITDA TTM = 1.21b USD
Long Term Debt = 1.63b USD (from longTermDebt, last quarter)
Short Term Debt = 269.3m USD (from shortTermDebt, last quarter)
Debt = 2.17b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.92b USD (from netDebt column, last quarter)
Enterprise Value = 7.74b USD (5.82b + Debt 2.17b - CCE 248.8m)
Interest Coverage Ratio = 9.29 (Ebit TTM 858.8m / Interest Expense TTM 92.4m)
EV/FCF = 23.74x (Enterprise Value 7.74b / FCF TTM 326.1m)
FCF Yield = 4.21% (FCF TTM 326.1m / Enterprise Value 7.74b)
FCF Margin = 9.23% (FCF TTM 326.1m / Revenue TTM 3.53b)
Net Margin = 18.83% (Net Income TTM 665.2m / Revenue TTM 3.53b)
Gross Margin = 34.95% ((Revenue TTM 3.53b - Cost of Revenue TTM 2.30b) / Revenue TTM)
Gross Margin QoQ = 32.89% (prev 30.74%)
Tobins Q-Ratio = 1.23 (Enterprise Value 7.74b / Total Assets 6.28b)
Interest Expense / Debt = 1.12% (Interest Expense 24.4m / Debt 2.17b)
Taxrate = 14.50% (29.4m / 202.7m)
NOPAT = 734.2m (EBIT 858.8m * (1 - 14.50%))
Current Ratio = 1.06 (Total Current Assets 1.47b / Total Current Liabilities 1.40b)
Debt / Equity = 0.81 (Debt 2.17b / totalStockholderEquity, last quarter 2.67b)
Debt / EBITDA = 1.59 (Net Debt 1.92b / EBITDA 1.21b)
Debt / FCF = 5.90 (Net Debt 1.92b / FCF TTM 326.1m)
Total Stockholder Equity = 2.52b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.29% (Net Income 665.2m / Total Assets 6.28b)
RoE = 26.39% (Net Income TTM 665.2m / Total Stockholder Equity 2.52b)
RoCE = 20.68% (EBIT 858.8m / Capital Employed (Equity 2.52b + L.T.Debt 1.63b))
RoIC = 17.35% (NOPAT 734.2m / Invested Capital 4.23b)
WACC = 6.58% (E(5.82b)/V(7.99b) * Re(8.68%) + D(2.17b)/V(7.99b) * Rd(1.12%) * (1-Tc(0.15)))
Discount Rate = 8.68% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 1.16%
[DCF Debug] Terminal Value 86.03% ; FCFF base≈251.4m ; Y1≈310.1m ; Y5≈528.2m
Fair Price DCF = 349.6 (EV 12.48b - Net Debt 1.92b = Equity 10.56b / Shares 30.2m; r=6.58% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 13.53 | EPS CAGR: -23.79% | SUE: -4.0 | # QB: 0
Revenue Correlation: 71.01 | Revenue CAGR: 13.13% | SUE: -0.19 | # QB: 0
EPS next Quarter (2026-03-31): EPS=4.99 | Chg30d=-0.022 | Revisions Net=+3 | Analysts=5
EPS next Year (2026-12-31): EPS=18.28 | Chg30d=+0.343 | Revisions Net=+2 | Growth EPS=+10.4% | Growth Revenue=+10.3%
P/E Forward = 7.3801
P/S = 1.6464
P/B = 2.1029
P/EG = 0.16
Revenue TTM = 3.53b USD
EBIT TTM = 858.8m USD
EBITDA TTM = 1.21b USD
Long Term Debt = 1.63b USD (from longTermDebt, last quarter)
Short Term Debt = 269.3m USD (from shortTermDebt, last quarter)
Debt = 2.17b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.92b USD (from netDebt column, last quarter)
Enterprise Value = 7.74b USD (5.82b + Debt 2.17b - CCE 248.8m)
Interest Coverage Ratio = 9.29 (Ebit TTM 858.8m / Interest Expense TTM 92.4m)
EV/FCF = 23.74x (Enterprise Value 7.74b / FCF TTM 326.1m)
FCF Yield = 4.21% (FCF TTM 326.1m / Enterprise Value 7.74b)
FCF Margin = 9.23% (FCF TTM 326.1m / Revenue TTM 3.53b)
Net Margin = 18.83% (Net Income TTM 665.2m / Revenue TTM 3.53b)
Gross Margin = 34.95% ((Revenue TTM 3.53b - Cost of Revenue TTM 2.30b) / Revenue TTM)
Gross Margin QoQ = 32.89% (prev 30.74%)
Tobins Q-Ratio = 1.23 (Enterprise Value 7.74b / Total Assets 6.28b)
Interest Expense / Debt = 1.12% (Interest Expense 24.4m / Debt 2.17b)
Taxrate = 14.50% (29.4m / 202.7m)
NOPAT = 734.2m (EBIT 858.8m * (1 - 14.50%))
Current Ratio = 1.06 (Total Current Assets 1.47b / Total Current Liabilities 1.40b)
Debt / Equity = 0.81 (Debt 2.17b / totalStockholderEquity, last quarter 2.67b)
Debt / EBITDA = 1.59 (Net Debt 1.92b / EBITDA 1.21b)
Debt / FCF = 5.90 (Net Debt 1.92b / FCF TTM 326.1m)
Total Stockholder Equity = 2.52b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.29% (Net Income 665.2m / Total Assets 6.28b)
RoE = 26.39% (Net Income TTM 665.2m / Total Stockholder Equity 2.52b)
RoCE = 20.68% (EBIT 858.8m / Capital Employed (Equity 2.52b + L.T.Debt 1.63b))
RoIC = 17.35% (NOPAT 734.2m / Invested Capital 4.23b)
WACC = 6.58% (E(5.82b)/V(7.99b) * Re(8.68%) + D(2.17b)/V(7.99b) * Rd(1.12%) * (1-Tc(0.15)))
Discount Rate = 8.68% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 1.16%
[DCF Debug] Terminal Value 86.03% ; FCFF base≈251.4m ; Y1≈310.1m ; Y5≈528.2m
Fair Price DCF = 349.6 (EV 12.48b - Net Debt 1.92b = Equity 10.56b / Shares 30.2m; r=6.58% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 13.53 | EPS CAGR: -23.79% | SUE: -4.0 | # QB: 0
Revenue Correlation: 71.01 | Revenue CAGR: 13.13% | SUE: -0.19 | # QB: 0
EPS next Quarter (2026-03-31): EPS=4.99 | Chg30d=-0.022 | Revisions Net=+3 | Analysts=5
EPS next Year (2026-12-31): EPS=18.28 | Chg30d=+0.343 | Revisions Net=+2 | Growth EPS=+10.4% | Growth Revenue=+10.3%