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Aena Valuation Multiples
Discover revenue and EBITDA valuation multiples for Aena and similar public comparables like Ferrovial, FTAI Aviation, AerCap, Airports Of Thailand and more.
Aena Overview
About Aena
Aena SME SA is a Spanish airport operator with various airports in Spain, including Madrid and Barcelona, and has stakes in multiple international airports. The group generates regulated and nonregulated revenue. Regulated revenue includes fees collected from takeoff and landing, passenger fees and security, whereas nonregulated revenue stems from commercial activities such as retail, food and beverage and advertising sales. The Group carries out its business activities in the following segments: Airports; Real estate services; Region de Murcia International Airport (AIRM) and International.
Founded
2010
HQ
Employees
10.5K
Website
Sectors
Financials (LTM)
EV
$51B
Aena Financials
Aena reported last 12-month revenue of $8B and EBITDA of $4B.
In the same LTM period, Aena generated $4B in EBITDA and $3B in net income.
Revenue (LTM)
Aena P&L
In the most recent fiscal year, Aena reported revenue of $8B and EBITDA of $4B.
Aena expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $8B | XXX | $8B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $5B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 71% | XXX | XXX | XXX |
| EBITDA | $4B | XXX | $4B | XXX | XXX | XXX |
| EBITDA Margin | 59% | XXX | 59% | XXX | XXX | XXX |
| EBIT Margin | 47% | XXX | 47% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Net Margin | 34% | XXX | 33% | XXX | XXX | XXX |
| Net Debt | — | — | $4B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Aena Stock Performance
Aena has current market cap of $45B, and enterprise value of $51B.
Market Cap Evolution
Aena's stock price is $30.22.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $51B | $45B | -0.3% | XXX | XXX | XXX | $1.68 |
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Start Free TrialAena Valuation Multiples
Aena trades at 6.8x EV/Revenue multiple, and 11.4x EV/EBITDA.
EV / Revenue (LTM)
Aena Financial Valuation Multiples
As of April 2, 2026, Aena has market cap of $45B and EV of $51B.
Equity research analysts estimate Aena's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Aena has a P/E ratio of 17.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $45B | XXX | $45B | XXX | XXX | XXX |
| EV (current) | $51B | XXX | $51B | XXX | XXX | XXX |
| EV/Revenue | 6.8x | XXX | 6.8x | XXX | XXX | XXX |
| EV/EBITDA | 11.4x | XXX | 11.5x | XXX | XXX | XXX |
| EV/EBIT | 14.4x | XXX | 14.6x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 9.6x | XXX | XXX | XXX |
| P/E | 17.7x | XXX | 18.0x | XXX | XXX | XXX |
| EV/FCF | 23.4x | XXX | 23.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Aena Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Aena Margins & Growth Rates
Aena's revenue in the last 12 month grew by 3%.
Aena's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.2M for the same period.
Aena's rule of 40 is 68% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Aena's rule of X is 80% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Aena Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 59% | XXX | 59% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | 5% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 68% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 80% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 26% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Aena Public Comps
See public comps and valuation multiples for other Airports & Aviation Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Ferrovial | XXX | XXX | XXX | XXX | XXX | XXX |
| FTAI Aviation | XXX | XXX | XXX | XXX | XXX | XXX |
| AerCap | XXX | XXX | XXX | XXX | XXX | XXX |
| Airports Of Thailand | XXX | XXX | XXX | XXX | XXX | XXX |
| Aéroports de Paris | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Aena M&A Activity
Aena acquired XXX companies to date.
Last acquisition by Aena was on XXXXXXXX, XXXXX. Aena acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Aena
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAena Investment Activity
Aena invested in XXX companies to date.
Aena made its latest investment on XXXXXXXX, XXXXX. Aena invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Aena
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Aena
| When was Aena founded? | Aena was founded in 2010. |
| Where is Aena headquartered? | Aena is headquartered in Spain. |
| How many employees does Aena have? | As of today, Aena has over 10K employees. |
| Who is the CEO of Aena? | Aena's CEO is Maurici Lucena Betriu. |
| Is Aena publicly listed? | Yes, Aena is a public company listed on Bolsa de Madrid. |
| What is the stock symbol of Aena? | Aena trades under AENA ticker. |
| When did Aena go public? | Aena went public in 2015. |
| Who are competitors of Aena? | Aena main competitors are Ferrovial, FTAI Aviation, AerCap, Airports Of Thailand. |
| What is the current market cap of Aena? | Aena's current market cap is $45B. |
| What is the current revenue of Aena? | Aena's last 12 months revenue is $8B. |
| What is the current revenue growth of Aena? | Aena revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Aena? | Current revenue multiple of Aena is 6.8x. |
| Is Aena profitable? | Yes, Aena is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Aena? | Aena's last 12 months EBITDA is $4B. |
| What is Aena's EBITDA margin? | Aena's last 12 months EBITDA margin is 59%. |
| What is the current EV/EBITDA multiple of Aena? | Current EBITDA multiple of Aena is 11.4x. |
| What is the current FCF of Aena? | Aena's last 12 months FCF is $2B. |
| What is Aena's FCF margin? | Aena's last 12 months FCF margin is 29%. |
| What is the current EV/FCF multiple of Aena? | Current FCF multiple of Aena is 23.4x. |
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