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Copa Holdings, S.A. (CPA)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
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Copa Holdings, S.A. Financial Ratios 2025-2011 | CPA
Brief overview of Copa Holdings, S.A.'s valuation and returns
The comparison uses the five latest available annual observations between 2021 and 2025.
The valuation comparison uses P/E 8.51x (median 7.88x), EV/EBITDA 11.16x (median 8.57x), P/S 1.58x (median 1.17x). The current ratio basket stands about 28% above the five-year base, increasing sensitivity to weak reports.
The 1/P/E calculation produces a 11.8% earnings yield. It does not capture future growth or capital structure.
The latest available business-quality ratios are ROE 24.2%, ROA 10.2%, ROCE 15.7%. Overall capital returns are high. The business uses resources efficiently and provides strong fundamental support for its valuation.
PEG is 0.23x. Price is low relative to embedded growth, though the ratio depends heavily on forecast quality.
Cash turnover speed was broadly preserved, with the cycle moving from 2.9 days to 12.2 days.
Overall assessment
Copa Holdings, S.A.'s profitability supports higher multiples, although much of the quality is already reflected in price.
Annual Financial Ratios Copa Holdings, S.A.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
P/E |
8.5 | 6.0 | 7.9 | 11.1 | 0.1 | -6.4 | 14.2 | 41.0 | 14.5 | 12.3 | -9.2 | 13.2 | 13.6 | 14.6 | 9.6 |
P/S |
1.6 | 1.1 | 1.2 | 1.3 | 0.0 | 4.9 | 1.3 | 1.3 | 2.1 | 1.8 | 0.9 | 1.8 | 2.2 | 2.1 | 1.6 |
EPS |
16.3 | 14.6 | 12.8 | 8.6 | - | -14.3 | 5.8 | 2.1 | 8.7 | 7.9 | -5.1 | - | - | - | - |
EV (Enterprise Value) |
9.14 B | 6.39 B | 6.92 B | 6.95 B | 2.74 B | 6.35 B | 5.76 B | 6.1 B | 7.7 B | 5.77 B | 3.99 B | 6.57 B | 7.87 B | 6.7 B | 4.65 B |
EBITDA per Share |
19.9 | 18 | 20.1 | 11.1 | 3.57 K | -10.8 | 8.15 | 3.76 | 14.2 | 10.3 | 9.14 | 14.3 | 14.7 | 11.1 | 11.7 |
EV/EBITDA |
11.2 | 8.5 | 8.6 | 15.4 | 0.0 | 84.1 | 7.2 | 10.2 | 11.0 | 11.4 | 7.9 | 8.9 | 10.3 | 12.0 | 7.3 |
PEG |
-0.0 | -0.0 | -0.0 | -0.0 | -0.0 | 0.23 | 1.23 | -3.31 | 1.62 | 0.14 | 0.19 | -1.0 | 0.44 | 2.75 | 0.21 |
P/B |
2.1 | 1.5 | 1.9 | 2.6 | 0.0 | 3.0 | 1.8 | 2.0 | 2.9 | 2.2 | 1.3 | 2.3 | 3.1 | 3.1 | 2.1 |
P/CF |
5.0 | 3.6 | 3.9 | 5.1 | 0.0 | 738.4 | 4.5 | 6.6 | 6.4 | 8.3 | 9.6 | 57.3 | 7.9 | 13.2 | 15.5 |
ROE % |
24.20 | 25.63 | 24.23 | 23.33 | - | -47.30 | 12.77 | 4.90 | 19.52 | 18.16 | -14.17 | 17.43 | 22.48 | 21.25 | 22.34 |
ROA % |
10.20 | 10.59 | 9.89 | 7.42 | 1.03 | -15.75 | 5.67 | 1.98 | 8.37 | 8.70 | -6.06 | 8.84 | 10.81 | 9.38 | 10.13 |
ROCE % |
15.68 | 17.16 | 20.60 | 12.88 | - | -15.59 | 10.30 | 5.33 | 14.72 | 9.38 | 9.75 | 16.76 | 17.78 | 14.96 | 18.41 |
Current Ratio |
1.7 | 1.7 | 1.7 | 1.5 | 1.4 | 1.5 | 1.8 | 1.7 | 1.7 | 1.2 | 0.9 | 1.0 | 1.3 | 1.2 | 1.1 |
DSO |
- | - | - | - | - | - | - | - | - | 19.9 | 18.0 | 16.5 | 18.9 | 22.1 | 28.5 |
DIO |
- | - | - | - | - | - | - | - | - | 19.2 | 15.6 | 13.2 | 13.0 | 13.0 | 17.5 |
DPO |
- | - | - | - | - | - | - | - | - | 26.8 | 23.8 | 27.6 | 25.1 | 32.2 | 38.3 |
Operating Cycle |
- | - | - | - | - | - | - | - | - | 39.0 | 33.6 | 29.7 | 31.9 | 35.1 | 46.0 |
Cash Conversion Cycle |
- | - | - | - | - | - | - | - | - | 12.2 | 9.9 | 2.1 | 6.8 | 2.9 | 7.7 |
Annual performance
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All numbers in USD currency
Quarterly Financial Ratios Copa Holdings, S.A.
| 2025-Q4 | 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPS |
16.28 | 14.55 | 12.78 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA per Share |
19.9 | 18 | 20.1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROE % |
24.20 | 25.63 | 24.23 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROA % |
10.20 | 10.59 | 9.89 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROCE % |
15.68 | 17.16 | 20.60 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Current Ratio |
1.7 | 1.7 | 1.7 | - | - | - | - | 1.4 | - | - | - | 1.5 | - | - | - | 1.8 | - | - | - | 1.7 | - | - | - | 1.7 | - | - | - | 1.8 | - | - | - | 1.6 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
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All numbers in USD currency
Multiples are an important financial analysis tool for the company Copa Holdings, S.A., allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
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