The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

FRA.DE

Concerning the House

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.

Germany · www.fraport.com

The Ledger
LineMar 2025Jun 2025Sep 2025Dec 2025
Revenue$868.50M$1.12B$1.35B$1.09B
Gross profit$92.60M$280.90M$503.60M$399.10M
Operating income$52.10M$254.30M$450.50M$106.20M
Net income-$16.30M$111.10M$302.90M$34.10M
Diluted EPS-0.181.203.28
Free cash flow-$220.00M$11.10M$415.10M$63.60M
CapEx-$232.10M-$301.40M-$265.90M-$259.10M
Quotation

$66.95

+0.10 (+0.1%)

52w hi$84.37
52w lo$64.50
Vol81.97K
As ofAug 13
The Verdict

Hold

Our score +0.03

Short-0.09
Medium+0.05
Long+0.25

computed 2026-08-13

By the Numbers

Fraport AG

Industrials · Airports & Air Services

Market cap$6.19B
Enterprise value$15.94B
Trailing P/E15.98x
Forward P/E18.79x
EV / EBITDA11.60x
P / S (ttm)1.35x
Profit margin8.5%
Return on equity7.9%
Revenue growth+5.7%
Earnings growth-37.7%
Debt / equity219.75
Risk Metrics
Beta vs SPX0.18
Corr SPX0.10
Annual vol28.8%
Annual ret+24.7%
Sharpe0.86
Max DD-25.0%

Window: 504 trading days (489 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.31
Sector+0.07
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$66.85$67.45$66.60$66.9581.97K
Aug 12$66.45$67.40$66.45$66.85158.44K
Aug 11$66.40$67.15$65.85$66.35154.61K
Aug 10$67.05$67.20$66.35$66.60160.78K
Aug 7$66.70$67.25$65.80$66.90160.83K