Copa Holdings, S.A. (CPA) is a publicly traded company in the Industrials — Airlines, Airports & Air Services industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Copa Holdings, S.A., through its subsidiaries, provides airline passenger, and cargo and mail transportation services in North America, South America, Central America, and the Caribbean. As of December 31, 2025, it operated through a fleet of 125 aircraft. The company was founded in 1947 and is based in Panama City, Panama.
Is Copa Holdings, S.A. stock overvalued or undervalued in 2026?
Copa Holdings, S.A. (CPA) trades at 8.5× earnings (P/E), against a median of 25.8× across the 297 industrials companies above $2bn in Kaplio's universe. No valuation verdict: it is a cyclical and today's P/E (8.5) does not tell whether it is cheap.
Kaplio overview: Copa Holdings, S.A.
Market cap $5B · 52 weeks $108 – $157 (16 % below the high) · P/E 8.5× · 2027 expected P/E 6.8× · Dividend 5.2 % · Next earnings November 18, 2026 · expected EPS $3.83 · Closing price, Oct 28 · accounts published Aug 5.
- Valuation: P/E 8.5× (no verdict).
- Business: ROIC 12 % (fair).
- Balance sheet: Net debt/EBITDA 1.8× (solid).
- Earnings: 6 of 8 (on track).
What would it be worth at its usual multiples?
No valuation verdict: it is a cyclical and today's P/E (8.5) does not tell whether it is cheap.
In cyclicals the P/E misleads; on its average earnings over 10 years it trades at 20.8 times.
What matters in industrials: 7 of 10 pass
- ROIC 12.2 %, fails.
- FCF conversion 45.9 %, fails.
- Capex / Revenue 22.5 %, fails.
- 5y revenue growth 36.0 %, passes.
- Operating margin 22.6 %, passes.
- Net debt / EBITDA 1.8×, passes.
- Altman Z-Score 2.4, passes.
- Piotroski F-Score 6 de 9, passes.
- P/E vs own 10y history 8.5×, passes.
- Cycle-adjusted EV/EBITDA 4.6×, passes.
Against its peers (reference peers) — Copa Holdings, S.A.: P/E 8.5×; EV/EBITDA 4.6×; ROIC 12.2 %; $5.3B. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (P/E 16.5×; EV/EBITDA 8.9×; ROIC 23.6 %; $4.7B), Alaska Air Group, Inc. (P/E —; EV/EBITDA 17.9×; ROIC -1.6 %; $4.0B), SkyWest, Inc. (P/E 9.5×; EV/EBITDA 6.0×; ROIC 7.3 %; $3.7B).
Dividend
tight (only raised recently) · Yield 5.2 % ($6.44 per ADS in 2025) · Years raising it 2 · 5-year growth +9 % a year · Free cash flow coverage 1.3× · With $1,000 invested today you'd collect $52.40 a year ($4.37 a month).
Profitability
| Return on Equity | 22.40% |
| Return on Invested Capital | 12.23% |
| Return on Assets | 8.78% |
| Gross Margin | 30.56% |
| Operating Margin | 19.53% |
| Net Margin | 15.71% |
Financial Health
| Debt / Equity | 0.17 |
| Current Ratio | 1.06 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 2.41 |
Price Performance
| 1 month | -2.37% |
| 3 months | -8.02% |
| Year-to-date | +7.70% |
| 1 year | +4.91% |
| 3 years | +59.46% |
| 5 years | +75.64% |
| 10 years | +40.84% |
Dividend History
Paid in the last 12 months: $6.7400 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-08-31 | $1.7100 |
| 2026-05-29 | $1.7100 |
| 2026-02-27 | $1.7100 |
| 2025-12-01 | $1.6100 |
| 2025-08-29 | $1.6100 |
| 2025-05-30 | $1.6100 |
| 2025-02-28 | $1.6100 |
| 2024-12-02 | $1.6100 |
| 2024-08-30 | $1.6100 |
| 2024-05-31 | $1.6100 |
Amounts adjusted for stock splits.
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Explore sector: Industrials · Airlines, Airports & Air Services
More sections of CPA: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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