AIA.AT

BuyPremium GrowerAI neutral

Athens International Airport S.A. · Industrials · Greece · $4.2B

EUR 12.19 -2.5% · close 5 Oct · scored 7 Oct

StockRank down 1.0 since 6 Oct.

Premium Grower: Strong business with the market behind it, priced at a premium.

70
StockRank
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Quality
69
Value
42
Momentum
52

Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →

P/E (TTM)
19.5x
peers 12.1x
ROE
32.3%
peers 11.6%
D/E
2.3x
peers 0.5x
Dividend %
5.3%
trailing yield
AI CONVICTION THESIS

Athens International Airport holds the concession for Greece's main airport, a regulated infrastructure asset with strong cash conversion, record tourism traffic and an active buyback. It is a high-quality monopoly, but Q1 2026 net profit fell 28% on price adjustments and discounts, and forward EPS estimates were trimmed.

The ranks quoted here are from the day it was written; today's Quality, Value and Momentum are the bars above.

ABOUT ATHENS INTERNATIONAL AIRPORT S.A.

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Athens International Airport S.A. engages in the designing, development, financing, construction, commissioning, maintenance, operation, and management of airport in Greece.

FINANCIAL SUMMARY (EUR)

Year2022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue397.9M484.1M563.1M704.1M21.0%734.7M652.6M682.2M-1.6%
EPS (EUR)5.600.770.790.68-50.5%0.640.680.701.5%
Shares300.0M300.0M300.0M309.5M+3.2%318.0M———
Debt951.4M956.6M915.3M923.2M-1.0%1.5B———
Equity967.9M490.4M620.5M690.5M-10.6%————
Op CF294.5M337.9M274.1M313.5M2.1%306.6M———
Inv CF-51.2M-33.0M-25.0M-155.1M—————
Fin CF-63.8M-559.2M-263.8M-141.4M—————
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PRICE (1Y) · EUR+15.4%
10.311.011.612.313.025 Aug15 Sep5 Oct
SMA 50SMA 200

Price checkExperimental
SwingsCalm

Calmer than 78% of stocks we rank over the past year (27% a year).

How this is worked out

What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.

What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.

Calm is not safe: a calm stock can still slide steadily.

Rules fixed before any data was fetched. Describes the chart, not a recommendation.

Close
EUR 12.19
RSI (14)
64.3
52-Week Range-5.9% from high
Low EUR 9.15High EUR 12.96

SCORE BREAKDOWN

Quality
69
ROIC
17.4%82.1
ROE
32.3%94.8
GP/Assets
30.7%79.1
Op. Margin
50.3%98.8
FCF/Assets
5.8%68.2
Piotroski
656.0
Int. Cover
5.8x41.4
D/E Ratio
2.33x5.0
Current Ratio
3.17x83.9
Value
42
P/E (TTM)
19.5x49.9
EV/EBITDA
11.9x49.7
P/FCF
30.0x35.1
P/B
6.1x13.8
P/S
5.4x14.8
Div Yield
5.3%89.9
Momentum
52
52W High %
94%87.9
RS 6M
-0%65.3
SMA 50/200
1.05x68.4
EPS Rev 4W
-3.0%19.4
EPS Rev 12W
-0.9%24.0
EPS Improve
+3%20.5
Q Growth
-5%31.1

FUNDAMENTALS

Market Cap
$4.2B
P/E (Forward)
19.0x
Gross Margin
91.3%

SECTOR PEERS

Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of AIA.AT are excluded.

TickerCompanyMkt CapStockRankSignal
AIA.ATAthens International Airport S.A.(you)$4.2B70Buy
SBLK.ATStar Bulk$3.5B59Hold
PPA.ATPiraeus Port Authority S.A.$1.4B70Buy
ELHA.ATElvalhalcor Hellenic Copper and Aluminium Industry S.A.$1.8B60Hold
SBLKStar Bulk Carriers Corp.$3.5B94Strong Buy
DACDanaos Corporation$2.6B90Strong Buy
OET.OLOkeanis Eco Tankers Corp.$3.1B95Strong Buy
NMMNavios Maritime Partners L.P.$2.5B93Strong Buy
AVAX.ATAvax S.A.$597M70Buy
CCECCapital Clean Energy Carriers Corp.$1.3B53Hold

Peer medians: ROE 11.6% · P/E 12.1x · Gross margin 47.3%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

Request Deep Dive(50 Feathers)

Athens International Airport S.A. (AIA.AT): Stock Score Summary

Athens International Airport S.A. (AIA.AT) has a MoatMap StockRank of 70/100 based on Quality (69/100), Value (42/100), and Momentum (52/100) factor scores. The current signal is BUY. Athens International Airport holds the concession for Greece's main airport, a regulated infrastructure asset with strong cash conversion, record tourism traffic and an active buyback. It is a high-quality monopoly, but Q1 2026 net profit fell 28% on price adjustments and discounts, and forward EPS estimates were trimmed.

Athens International Airport S.A. engages in the designing, development, financing, construction, commissioning, maintenance, operation, and management of airport in Greece.

Key Financial Metrics

PriceEUR 12.19
Market Cap$4.2B
P/E (TTM)19.53
P/E (Forward)18.99
Price/Book6.12
Return on Equity32.3%
Return on Invested Capital17.4%
Debt/Equity2.33x
Gross Margin91.3%
Operating Margin50.3%
Revenue Growth4.6%
Dividend Yield5.3%
Free Cash Flow$141M

Athens International Airport S.A. operates in the Airports & Air Services industry, part of the Industrials sector (Greece).

Frequently Asked Questions

What is Athens International Airport S.A.’s (AIA.AT) StockRank?
MoatMap’s StockRank for Athens International Airport S.A. (AIA.AT) is 70/100, with a Buy signal. It is a composite of Quality (69), Value (42), and Momentum (52) factor ranks across MoatMap’s universe of 24,000+ stocks.
Does Athens International Airport S.A. have an economic moat?
Athens International Airport S.A. (AIA.AT) has a Quality factor score of 69/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Athens International Airport S.A. a buy, hold, or sell?
MoatMap’s current signal for Athens International Airport S.A. (AIA.AT) is Buy, based on a StockRank of 70/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is Athens International Airport S.A. in?
Athens International Airport S.A. (AIA.AT) operates in the Industrials sector, specifically the Airports & Air Services industry (Greece).