Aeroports de Paris S.A. (ADP.PA) stock analysis

In our weekly check, Aeroports de Paris S.A. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 13 pass, warnings: 10, red flags: 2.

About Aeroports de Paris S.A.

Aeroports de Paris S.A. is an Industrials company (Airlines, Airports & Air Services) based in France, listed on PAR as ADP.PA.

What our checks show for ADP.PA

Red flags

• Net debt is 3.8x a year of EBITDA (debt/equity 2.53). That limits room in a downturn and raises refinancing risk.
• The stock has fallen as much as 64% from a peak. Would you have held through that?

Warning signs

• Operating profit covers interest only 2.2 times: a weak year could make the payments hard.
• Analysts expect only about 4% a year of growth in revenue.
• Earnings per share fell 9.6% a year over the last 3 years.
• Net profit fell 9.6% a year over the last 3 years.
• The net margin is only 5.7%: little room if costs rise.
• Free cash flow is only 3.8% of revenue.
• Free cash flow covers the dividend only 1 times.
• The stock is still below its previous peak.
• Thinly traded (about 117 thousand shares a day): buying and selling can move the price.
• Return on capital (ROCE) is only 5.3%.

Strengths

• The net margin rose by 14.6 points over 5 years, to 5.7%.
• The gross margin is 50.1% and has risen by 31.3 points: pricing power is holding.
• Operating cash flow is 3.99x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 27.1% a year over the next years.
• Analysts expect the net margin to improve by 4.8 points from today's 5.7%.
• A large company: market value $11.95 billion.

Similar companies

PAC · LTM · LHA.DE · AAL · ASR · LUV

Questions

What grade does Aeroports de Paris S.A. (ADP.PA) have?

In our weekly check, Aeroports de Paris S.A. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 13 pass, warnings: 10, red flags: 2. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of ADP.PA stock?

This week's biggest flags for Aeroports de Paris S.A.: High debt, Deep past fall, Weak interest cover. In total 12 of 25 checks show a warning or a red flag.

What does Aeroports de Paris S.A. do?

Aeroports de Paris S.A. is an Industrials company (Airlines, Airports & Air Services) based in France, listed on PAR as ADP.PA.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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