Copa Holdings, S.A. (CPA) AI Stock Analysis

Copa Holdings, S.A., and its subsidiaries specialize in delivering comprehensive airline passenger and cargo services across a network centered at its hub in Panama City. The company operates approximately 204 daily scheduled flights to 69 destinations spanning 29 countries throughout North, Central, and South America, as well as the Caribbean. As of December 31, 2021, Copa Holdings maintained a fleet of 91 aircraft, comprising 77 Boeing 737-Next Generation aircraft and 14 Boeing 737 MAX 9 aircraft. Established in 1947, the airline focuses on expanding regional connectivity and operational efficiency with 8,565 employees.

Revenue expanded from $1.51B in FY2021 to $2.97B in FY2022 and $3.46B in FY2023. After a slight revenue decline of 0.3% to $3.45B in FY2024, revenue grew 5.0% to $3.62B in FY2025, achieving a 5-year revenue CAGR of 35.2% from FY2020 to FY2025. Net income increased from $43.8M in FY2021 to $671.6M in FY2025, with net margin improving from 2.9% to 18.6%. Over the trailing twelve months, revenue reached $3.99B with an operating margin of 8.6%. For the latest quarter ended June 30, 2026, quarterly revenue grew 25.7% year-over-year, while quarterly earnings declined 53.8%.

As of June 30, 2026, Copa Holdings held $1.26B in cash and short-term investments alongside total debt of $495.5M, leaving net cash of $767.8M. Total assets stood at $7.14B against shareholders' equity of $2.87B, with a debt-to-equity ratio of 0.17 and a current ratio of 1.06. In FY2025, the business produced $1.12B in operating cash flow and $308.1M in free cash flow. Capital expenditures totaled $815.7M, while cash returns to shareholders included $265.9M in dividends paid and $8.7M in share buybacks.

At a last close of $132.92 on October 16, 2026, Copa Holdings trades at a trailing P/E of 8.7x and a forward P/E of 6.8x, both below the median of its US-listed Industrials peers of 24.8x and 17.2x. Its EV-to-EBITDA ratio of 8.3x also sits below the peer median of 13.9x, while its price-to-sales of 1.4x compares to the peer median of 1.5x. Over the past year, the stock returned 11.8%, trailing the S&P 500 (SPY) return of 16.8%. Over five years, its 93.6% return outpaced the S&P 500 return of 83.0%.

Copa Holdings pays an annual forward dividend of $6.84 per share, translating to a dividend yield of 5.15% with a payout ratio of 44.3%. The company distributes dividends quarterly and has paid dividends for 4 consecutive years. Its 5-year annualized dividend growth stands at 51.8%, and its last ex-dividend date was August 31, 2026.

Wall Street analysts assign Copa Holdings 10 Strong Buy, 3 Buy, and 2 Hold ratings, with zero Sell or Strong Sell ratings. The mean price target is $178.47, representing 34.3% upside compared to the last close of $132.92. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $4.43B and an EPS of $15.06, reflecting an EPS decline of 7.5%. For the following fiscal year, 9 analysts project revenue of $4.79B and EPS of $18.96. The company beat EPS estimates in 2 of the last 4 quarters, with its next earnings date scheduled for November 18, 2026.

This page is an AI-written research summary of Copa Holdings, S.A. (CPA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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