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Fraport AG (FPRUY) Fair Value & Analysis

Industrials · US · Market cap $7.2B

FA Fraport AG logo Fraport AG FPRUY · US
Price$41.50
Fair Value$43.69
Upside+5.3%
Quality43/100
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Expensive Growth
Thin margins · 9.5% net margin
Low debt · generates free cash flow
1.50% dividend yield
Mixed vs. peers (6/15)
Narrow moat 39/100
Evidence: High Range $32.77 – $54.61 Share as image

Fair value as of: Jul 16, 2026

From 25 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from $53.49 to $43.69 (−18.3%) since Jun 24, 2026. Share price −2.8% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from $32.77 (bear) to $54.61 (bull), base $43.69. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 43/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

$55.65 $16.42 Fair Value $43.69 Aug 2015 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range $16.42 – $55.65 · fair‑value band $32.77 – $54.61 · the $41.50 price screens below the $43.69 fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Fraport AG (FPRUY) currently trades at $41.50, while our model-based Fair Value estimate is $43.69, implying the stock looks roughly 5.3% fairly valued today. The Quality Score stands at 43/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Fraport AG generated revenue of $4.5B at a net margin of 9.5%. Revenue grew 1.8% year over year. It earns a return on equity of 8.7%. Net debt stands at $9.5B. Fundamentals as of Jul 16, 2026

Our scenario range runs from $32.77 (bear case) to $54.61 (bull case); at $41.50, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 5% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -29% fair-value upside, at 5%, FPRUY screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $38.92 $50.39 $66.33 80
Residual Income $23.05 $24.60 $27.18 76
Rev-Margin DCF $41.14 $58.00 $77.66 74
All 25 models by family
DCF Models
FCF DCF $38.66 $51.84 $71.46 38
5Y Revenue Exit $41.14 $58.12 $80.00 39
5Y EBITDA Exit $63.68 $100.81 $144.87 41
5Y P/E Exit $43.57 $62.72 $83.03 38
10Y Revenue Exit $39.11 $54.23 $74.94 36
10Y EBITDA Exit $54.09 $83.40 $123.89 37
10Y P/E Exit $41.49 $57.38 $77.23 35
Earnings-Based
Graham-Dodd $15.25 $50.35 $67.34 54
Lynch FV $11.35 $16.21 $21.08 50
PEG = 1.0 $11.35 $16.21 $21.08 46
EPV $45.54 $50.40 $54.58 59
Dividend Discount
Gordon GGM $8.78 $17.49 $26.48 70
DDM Multi-Stage $8.78 $14.65 $18.46 61
Multiples
P/E Multiple $35.32 $47.10 $58.87 63
P/S Multiple $28.59 $38.13 $47.66 58
P/B Multiple $28.59 $38.13 $47.66 55
EV/EBIT $70.40 $88.94 $107.47 53
EV/EBITDA $85.25 $108.73 $132.21 54
EV/Revenue $43.80 $56.23 $68.67 43
Asset-Based
NCAV (Graham) $14.00 $18.76 $28.00 50
Growth DCF
Growth DCF $38.92 $50.39 $66.33 80
Rev-Margin DCF $41.14 $58.00 $77.66 74
Economic Profit
Residual Income $23.05 $24.60 $27.18 76
ROIC Compounder $47.78 $55.97 $65.21 72
Growth Earnings
Growth-Adj P/E $29.82 $42.60 $55.38 68

Widest divergence: DCF Models ($58.12) versus Dividend Discount ($14.65). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $4.5B
Revenue growth (YoY) +1.8%
Net margin 9.5%
Return on equity 8.7%
Free cash flow $403M FY2025
P/E ratio 14.4
More key figures
Operating margin 5.5%
EPS (TTM) $2.70
Dividend yield 1.5%
EPS growth (YoY) -52.1%
Net debt $9.5B FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 45 · Market factors (momentum, volatility) 73

Profitability 25
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 41
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 85
Price trend over the last 3–12 months (market factor)
52W Momentum 87
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Fraport AG owns and operates airports in Germany, the rest of Europe, Asia, and the America. It primarily focuses on the operation of Frankfurt Main airport. The company operates through four segments: Aviation, Retail & Real Estate, Ground Handling, and International Activities & Services.

Full company description

Fraport AG owns and operates airports in Germany, the rest of Europe, Asia, and the America. It primarily focuses on the operation of Frankfurt Main airport. The company operates through four segments: Aviation, Retail & Real Estate, Ground Handling, and International Activities & Services. The Aviation segment operates land and airside infrastructure, which covers the area of airport charges and related security services. The Retail & Real Estate segment engages in retail activities; and real estate activities, including development and rental of commercial real estate properties and land. This segment also manages buildings and facilities; develops and manages parking and retail areas; and rents advertising space. The Ground Handling segment provides ground services, such as loading, baggage, passenger, airmail and baggage transport, and freight handling services, as well as operates the central infrastructure and baggage transfer system at Frankfurt Airport. The International Activities & Services segment acquires, operates, develops, and expands airports and infrastructure facilities. This segment also offers consulting services; and integrated facility management, corporate infrastructure management, airport expansion south, and information and telecommunication services. Fraport AG was founded in 1924 and is headquartered in Frankfurt am Main, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fraport AG reported revenue of $4.3B in FY2025 versus $2.1B in FY2021, a compound +18.7%/yr. Reported net income was $415M in FY2025, compounding +49.6%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$4.3B
Latest YoY
−3.8%
Avg. growth/yr (3Y)
+10.0%
Avg. growth/yr (5Y)
+20.5%
Avg. growth/yr (19Y)
+3.7%
Revenue +18.7%/yr
FY21 $2.1B
FY22 $3.2B
FY23 $4.0B
FY24 $4.4B
FY25 $4.3B
Net income +49.6%/yr
FY21 $82.8M
FY22 $132M
FY23 $393M
FY24 $451M
FY25 $415M

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Cite: Fair Value Calculator (2026). "Fraport AG Fair Value". https://www.fairvalue-calculator.com/stock/FPRUY

Peer Group

Airports & Air Services · 55 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 43 · Bottom 25%
Fair Value upside +5% · Above median
Return on equity (TTM) 9% · Below median
Return on assets 3% · Below median
Net margin (TTM) 10% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth 2% · Below median
Dividend yield (TTM) 1.5% · Below median

Valuation Multiples vs Airports & Air Services median · lower = cheaper

P/E (TTM) 14.4× · Cheaper than median
P/B 1.39× · Cheaper than median
P/S (TTM) 1.59× · Cheaper than median
P/FCF 17.8× · Pricier than 75% of peers
EV/EBITDA 3.2× · Cheaper than 75% of peers
PEG 2.32× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 40 · sector 36
FUTURE 9 · sector 31
PAST 35 · sector 45
HEALTH 100 · sector 90
DIVIDEND 30 · sector 46

Insider activity: 30/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Airports & Air Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Aena S.M.E., S.A AENA €26.24 €28.41 +8%
Airports of Thailand Public Company TATD 2.44 SGD 1.25 SGD -49%
Grupo Aeroportuario del Pacífico, S.A. PAC $220.91 $246.06 +11%
GMR Airports Limited GMRINFRA ₹112.80 ₹22.29 -80%
Flughafen Zürich AG FHZN CHF 237.20 CHF 121.30 -49%
Shanghai International Airport Co 600009 ¥24.08 ¥17.09 -29%
Auckland International Airport Limited AIA A$7.11 A$2.80 -61%
Københavns Lufthavne A/S KBHL kr 5,660 kr 1,821 -68%
SATS Ltd S58 4.82 SGD 4.03 SGD -16%
Flughafen Wien Aktiengesellschaft, FLU €50.60 €46.33 -8%

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Frequently asked questions

Is Fraport AG (FPRUY) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of $43.69 versus a price of $41.50, about +5% (fairly valued).
What is the fair value of FPRUY?
Our model-based fair value for Fraport AG is $43.69 (as of Jul 16, 2026), built from audited fundamentals. The current price is $41.50.
What is the quality score of FPRUY?
Fraport AG has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Fraport AG (FPRUY)?
Fraport AG reported trailing-twelve-month revenue of about $4.5B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of FPRUY?
The net profit margin of Fraport AG is about 9.5%, meaning it keeps roughly 9.5% of revenue as net income. Based on the latest reported figures.
Does Fraport AG pay a dividend?
Fraport AG currently shows a dividend yield of about 1.50% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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