STOCK COMPARISON
Copenhagen Airports AS vs Aena: Fair Value & Quality
Both stocks run through our valuation models. Here is how Copenhagen Airports AS (KBHL) and Aena (AENA) compare, as of Aug 10, 2026.
As of Aug 10, 2026, Fair Value Calculator sees Aena as the more attractively valued of the two: Copenhagen Airports AS trades at DKK 5,600 versus a fair value of DKK 1,821 (-67%), while Aena trades at €26.84 versus €28.41 (+6%).
Copenhagen Airports AS
KBHL.CO · DKK · Industrials
-67%
upside to fair value
overvalued
PriceDKK 5,600
Fair ValueDKK 1,821
Quality51/100
Aena
AENA.MC · EUR · Industrials
+6%
upside to fair value
fairly valued
Price€26.84
Fair Value€28.41
Quality69/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Copenhagen Airports ASAena
Valuation
34.6×P/E (TTM)18.2×
7.87×P/S (TTM)7.04×
8.96×P/B4.94×
18.2×EV/EBITDA13.1×
1.33×PEG3.02×
—Dividend yield4.2%
—Dividend per share€1.09
Profitability
23%Net margin34%
20%Operating margin31%
26%Return on equity24%
7%Return on assets10%
Growth
12%Revenue growth (YoY)12%
16.1%Avg. growth/yr (3Y)14.4%
28.5%Avg. growth/yr (5Y)23.5%
Balance & size
1.19×Debt / equity0.53×
$7BMarket cap$45B
expensiveGrowth qualityhealthy
Aena leads: 4 to 9 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Copenhagen Airports ASof which business quality 50 · market factors 45
Aenaof which business quality 68 · market factors 65
ProfitabilityMargins and returns on capital today
52
63
Quality GrowthAre margins and returns improving?
39
50
CashflowEarnings quality: real cash, not paper profit
60
80
Fin. StrengthBalance sheet, leverage, solvency risk
37
72
InvestmentDisciplined investing over empire-building
26
56
Low VolatilityCalm price path (market factor)
97
81
MomentumPrice trend over the last 3–12 months (market factor)
27
52
52W MomentumDistance to the 52-week high (market factor)
16
66
Net IssuanceBuybacks instead of dilution
82
82
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Copenhagen Airports AS
DCF ModelsDKK 1,593
Earnings-BasedDKK 1,176
Dividend DiscountDKK 438
MultiplesDKK 2,933
Asset-BasedDKK 423
Growth DCFDKK 469
Economic ProfitDKK 1,551
Growth EarningsDKK 2,892
25 of 25 models see the stock below the current price.
Aena
DCF Models€28.85
Earnings-Based€14.12
Dividend Discount€17.57
Multiples€27.07
Asset-Based€4.11
Growth DCF€19.22
Economic Profit€14.75
Growth Earnings€24.15
16 of 26 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Copenhagen Airports AS
Bear DKK 1,172Fair Value DKK 1,821Bull DKK 3,759
DKK 5,600 = current price (white tick)
Aena
Bear €17.20Fair Value €28.41Bull €36.38
€26.84 = current price (white tick)
Compare two other stocks
Tap a field and type again, ticker or company name.
Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Copenhagen Airports AS · Industrials
Quality score51 · below median
Fair value upside-67% · bottom 25%
Aena · Industrials
Quality score69 · Top 25%
Fair value upside+6% · above median
Bottom line
As of Aug 10, 2026, Fair Value Calculator sees Aena as the more attractively valued of the two: Copenhagen Airports AS trades at DKK 5,600 versus a fair value of DKK 1,821 (-67%), while Aena trades at €26.84 versus €28.41 (+6%).
Aena has the higher quality score (69/100).
See the full analysis →
More comparisons
Popular match-ups from the same sectors, all with fair value and quality score.
Free · Top-25 report
See the undervalued quality stocks every month
Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.
A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
