Copa Holdings Sa Stock Buy Hold or Sell Recommendation

CPA Stock  USD 104.16  1.24  1.20%   
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Copa Holdings SA is 'Hold'. Macroaxis provides Copa Holdings buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding CPA positions. The advice algorithm takes into account all of Copa Holdings' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Copa Holdings' buy or sell advice are summarized below:
Real Value
120.01
Target Price
144.31
Hype Value
102.92
Market Value
104.16
Naive Value
100.85
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Copa Holdings SA given historical horizon and risk tolerance towards Copa Holdings. When Macroaxis issues a 'buy' or 'sell' recommendation for Copa Holdings SA, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Copa Holdings Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
In addition, we conduct extensive research on individual companies such as Copa and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Copa Holdings SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

Execute Copa Holdings Buy or Sell Advice

The Copa recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Copa Holdings SA. Macroaxis does not own or have any residual interests in Copa Holdings SA or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Copa Holdings' advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Copa HoldingsBuy Copa Holdings
Hold

Market Performance

Very WeakDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

UndervaluedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Responds to the marketDetails

Investor Sentiment

InterestedDetails

Analyst Consensus

Strong BuyDetails

Financial Strenth (F Score)

StrongDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon Copa Holdings SA has a Risk Adjusted Performance of 0.0046, Jensen Alpha of (0.20), Total Risk Alpha of (0.38) and Treynor Ratio of (0.01)
Macroaxis provides advice on Copa Holdings SA to complement and cross-verify current analyst consensus on Copa Holdings SA. Our investment recommendation engine determines the company's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. To make sure Copa Holdings is not overpriced, please confirm all Copa Holdings SA fundamentals, including its net income, book value per share, and the relationship between the revenue and total debt . Given that Copa Holdings SA has a price to book of 2.03 X, we suggest you to validate Copa Holdings SA market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Copa Holdings Trading Alerts and Improvement Suggestions

Copa Holdings SA generated a negative expected return over the last 90 days
The company has 1.75 B in debt with debt to equity (D/E) ratio of 1.27, which is OK given its current industry classification. Copa Holdings SA has a current ratio of 0.95, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Copa Holdings until it has trouble settling it off, either with new capital or with free cash flow. So, Copa Holdings' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Copa Holdings SA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Copa to invest in growth at high rates of return. When we think about Copa Holdings' use of debt, we should always consider it together with cash and equity.
Copa Holdings SA has a strong financial position based on the latest SEC filings
Over 96.0% of Copa Holdings shares are held by institutions such as insurance companies
On 15th of March 2024 Copa Holdings paid $ 1.61 per share dividend to its current shareholders
Latest headline from finance.yahoo.com: Here is What to Know Beyond Why Copa Holdings, S.A. is a Trending Stock

Copa Holdings Returns Distribution Density

The distribution of Copa Holdings' historical returns is an attempt to chart the uncertainty of Copa Holdings' future price movements. The chart of the probability distribution of Copa Holdings daily returns describes the distribution of returns around its average expected value. We use Copa Holdings SA price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Copa Holdings returns is essential to provide solid investment advice for Copa Holdings.
Mean Return
-0.0057
Value At Risk
-2.78
Potential Upside
2.87
Standard Deviation
1.62
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Copa Holdings historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Copa Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Copa Holdings is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Copa Holdings SA backward and forwards among themselves. Copa Holdings' institutional investor refers to the entity that pools money to purchase Copa Holdings' securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Blackrock Inc2023-12-31
434 K
Millennium Management Llc2023-12-31
421.7 K
Alyeska Investment Group, L.p.2023-09-30
356 K
Morgan Stanley - Brokerage Accounts2023-12-31
306.8 K
Driehaus Capital Management Llc2023-12-31
282.6 K
Spx Equities Gestao De Recursos Ltda2023-12-31
281.6 K
Goldman Sachs Group Inc2023-12-31
278.7 K
Victory Capital Management Inc.2023-12-31
265.4 K
First Republic Inv Mgmt Inc2023-09-30
261.3 K
Capital World Investors2023-12-31
3.9 M
Baillie Gifford & Co Limited.2023-12-31
3.8 M
Note, although Copa Holdings' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Copa Holdings Cash Flow Accounts

201920202021202220232024 (projected)
Change In Cash2.6M(39.7M)92.0M(88.7M)84.0M88.1M
Free Cash Flow619.7M(100.0M)(32.7M)90.3M1.0B1.1B
Depreciation282.1M259.3M239.9M267.7M305.7M321.0M
Other Non Cash Items98.9M355.9M57.1M5.6M197.1M207.0M
Capital Expenditures319.9M365.9M163.3M60.5M495.3M650.7M
Net Income247.0M(607.1M)43.8M348.1M518.2M544.1M
End Period Cash Flow158.7M119.1M211.1M122.4M206.4M184.9M
Change To Inventory(85.2M)110.4M(43.6M)81.7M94.0M98.7M
Investments(192.9M)(93.8M)(373.0M)(552.2M)(439.0M)(417.0M)
Net Borrowings(282.6M)(434.9M)127.6M129.1M148.4M155.8M
Change To Netincome238.9M153.4M56.7M188.2M169.3M123.1M

Copa Holdings Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Copa Holdings or Passenger Airlines sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Copa Holdings' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Copa stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
-0.2
β
Beta against NYSE Composite1.46
σ
Overall volatility
1.67
Ir
Information ratio -0.09

Copa Holdings Volatility Alert

Copa Holdings SA exhibits very low volatility with skewness of 0.07 and kurtosis of 0.2. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Copa Holdings' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Copa Holdings' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Copa Holdings Fundamentals Vs Peers

Comparing Copa Holdings' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Copa Holdings' direct or indirect competition across all of the common fundamentals between Copa Holdings and the related equities. This way, we can detect undervalued stocks with similar characteristics as Copa Holdings or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Copa Holdings' fundamental indicators could also be used in its relative valuation, which is a method of valuing Copa Holdings by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Copa Holdings to competition
FundamentalsCopa HoldingsPeer Average
Return On Equity0.29-0.31
Return On Asset0.1-0.14
Profit Margin0.15 %(1.27) %
Operating Margin0.24 %(5.51) %
Current Valuation5.16 B16.62 B
Shares Outstanding31.09 M571.82 M
Shares Owned By Institutions95.66 %39.21 %
Number Of Shares Shorted742.06 K4.71 M
Price To Earning11.20 X28.72 X
Price To Book2.03 X9.51 X
Price To Sales1.25 X11.42 X
Revenue3.46 B9.43 B
Gross Profit1.07 B27.38 B
EBITDA1.12 B3.9 B
Net Income518.18 M570.98 M
Cash And Equivalents122.42 M2.7 B
Cash Per Share23.65 X5.01 X
Total Debt1.75 B5.32 B
Debt To Equity1.27 %48.70 %
Current Ratio0.97 X2.16 X
Book Value Per Share50.42 X1.93 K
Cash Flow From Operations1.02 B971.22 M
Short Ratio2.70 X4.00 X
Earnings Per Share12.89 X3.12 X
Price To Earnings To Growth0.16 X4.89 X
Target Price156.42
Beta1.38-0.15
Market Capitalization4.33 B19.03 B
Total Asset5.2 B29.47 B
Retained Earnings2.1 B9.33 B
Working Capital42.25 M1.48 B
Current Asset907.59 M9.34 B
Current Liabilities985.67 M7.9 B

Copa Holdings Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Copa . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Copa Holdings Buy or Sell Advice

When is the right time to buy or sell Copa Holdings SA? Buying financial instruments such as Copa Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total1.6B1.7B1.7B1.1B
Total Assets4.2B4.7B5.2B3.1B

Use Investing Ideas to Build Portfolios

In addition to having Copa Holdings in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Moderate Funds
Moderate Funds Theme
Funds or Etfs that combine stocks, bonds and money market instruments to get modest capital appreciation over time. The Moderate Funds theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Moderate Funds Theme or any other thematic opportunities.
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When determining whether Copa Holdings SA offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Copa Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Copa Holdings Sa Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Copa Holdings Sa Stock:
Check out Copa Holdings Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Is Copa Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Copa Holdings. If investors know Copa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Copa Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.039
Dividend Share
3.28
Earnings Share
12.89
Revenue Per Share
86.095
Quarterly Revenue Growth
0.03
The market value of Copa Holdings SA is measured differently than its book value, which is the value of Copa that is recorded on the company's balance sheet. Investors also form their own opinion of Copa Holdings' value that differs from its market value or its book value, called intrinsic value, which is Copa Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Copa Holdings' market value can be influenced by many factors that don't directly affect Copa Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Copa Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Copa Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Copa Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.