Copa Holdings, S.A. Financial Ratios — CPA Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	25.8	22.97	25.6	18.59	-13.71	20.34	19.99	4.67	12.83	-36.28	3.19	22.16	26.56	26.49	25.17
Return on Assets (%)	11.04	9.98	11.5	9.01	-6.33	9.03	8.99	1.99	5.61	-14.79	1.08	7.79	10.4	11.12	10.9
Return on Capital (%)	15.22	13.9	16.17	12.79	- -	12.59	12.77	3.56	8.59	- -	3.67	13.27	17.73	16.33	15.7
Return on Invested Capital (%)	14.77	13.39	15.29	14.91	- -	8.39	12.08	7.15	10.69	- -	4.2	13.1	18.97	15.5	14.79
Gross Margin (%)	39.41	36.96	39.02	38.67	34.42	35.06	33.89	29.52	32.02	-5.67	27.79	30.27	36.88	35.62	35.56
EBITDA Margin (%)	25.2	21.9	25.11	23.52	17.89	19.5	24.02	23.33	26.5	5.18	25.59	24.22	32.21	31.45	32.73
Operating Margin (%)	21.03	17.9	19.84	19.26	11.21	11.94	17.38	13	16.09	-27.2	9.7	15.19	23.35	21.85	22.64
Incremental Operating Margin (%)	22.91	4.19	32.04	3.65	59.48	-35.82	57.3	-57.88	293.18	- -	51.39	20.88	72.53	502.29	38.46
Pretax Margin (%)	18.9	16.29	18.73	14.72	-9.22	16.3	16.33	4.58	10.84	-78.75	3.6	13.09	17.68	20.48	21.44
Profit Margin (%)	16.95	14.51	16.39	13.37	-10.68	14.57	14.38	3.29	9.12	-75.79	2.9	11.74	14.87	17.65	18.56
Net Income to Common Margin (%)	16.95	14.51	16.39	13.37	-10.68	14.57	14.38	3.29	9.12	-75.79	2.9	11.74	14.87	17.65	18.56
Effective Tax Rate (%)	10.28	10.88	12.51	9.2	- -	10.58	11.97	28.14	15.83	- -	19.3	10.35	15.87	13.84	13.4
Dvd Payout Ratio (%)	23.33	59	15.13	47.22	-61.33	26.63	29.45	167.36	44.71	-5.6	- -	- -	26.09	44.26	39.58
Sustainable Growth Rate (%)	19.78	9.42	21.73	9.81	-22.12	14.92	14.1	-3.15	7.09	-38.31	3.19	22.16	19.63	14.76	15.21

Credit (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	1,068	1,206	1,070	1,117	1,301	1,184	1,572	1,663	1,365	1,394	1,604	1,683	1,746	2,001	2,305
ST Debt	131	136	156	188	246	223	405	414	220	212	271	223	291	314	239
LT Debt	937	1,070	914	929	1,055	961	1,166	1,249	1,145	1,183	1,334	1,460	1,456	1,687	2,066
Total Debt/EBITDA	2.31	2.45	1.63	1.76	3.23	2.74	2.59	2.66	1.9	33.6	4.15	2.34	1.57	1.85	1.95
Net Debt/EBITDA	1.79	2.29	1.42	1.41	2.72	1.97	1.54	1.81	1.26	25.17	3.14	1.84	1.13	0.98	1.35
Total Debt/EBIT	2.77	3	2.07	2.14	5.15	4.47	3.58	4.78	3.14	-6.4	10.95	3.74	2.16	2.66	2.81
Net Debt/EBIT	2.14	2.81	1.8	1.72	4.34	3.22	2.13	3.25	2.07	-4.8	8.29	2.94	1.56	1.4	1.95
EBITDA to Interest Expense	14.12	15.02	21.7	21.55	12.16	11.69	11.85	12.29	12.49	0.57	5.07	8.19	7.04	12.83	12.03
EBITDA-CapEx/Interest Expense	4.74	3.67	12.25	10.36	6.6	7.63	5.59	5.09	9.65	-0.26	-1.43	0.77	1.79	5.06	0.87
EBIT to Interest Expense	11.78	12.27	17.15	17.65	7.62	7.16	8.58	6.85	7.58	-2.98	1.92	5.14	5.1	8.91	8.32
Interest Expense	33	33	30	30	33	37	51	51	57	73	76	88	158	84	98
Common Equity/Total Assets	44.18	42.77	46.82	50	41.78	46.97	43.38	41.81	45.76	35.1	32.88	37.2	40.92	42.93	43.62
Long-Term Debt/Equity (%)	67.41	69.63	48.03	44.77	75.88	58.74	63	69.49	59.18	92.15	102.64	97.86	68.59	71.08	74.44
Long-Term Debt/Capital (%)	38.67	39.71	31.28	29.43	38.08	33.22	33.42	35.47	34.09	43.06	44.45	42.6	37.59	37.77	39.91
Long-Term Debt/Total Assets (%)	30.55	30.75	23.11	22.77	29.99	26.41	26.37	28.11	26.28	30.7	31.4	31.13	28.01	29.37	31.38
Total Debt/Equity (%)	76.84	78.49	56.25	53.81	93.54	72.35	84.91	92.56	70.56	108.64	123.46	112.77	82.29	84.31	83.05
Total Debt/Capital (%)	44.08	44.76	36.63	35.38	46.94	40.91	45.03	47.24	40.65	50.76	53.46	49.1	45.09	44.8	44.53
Total Debt/Total Assets (%)	34.83	34.66	27.07	27.37	36.97	32.53	35.54	37.44	31.33	36.19	37.76	35.88	33.6	34.84	35.01
Net Debt to Equity	59.3	73.54	48.94	43.14	78.82	52.08	50.56	62.96	46.62	81.4	93.47	88.59	59.2	44.57	57.57
Net Debt/Capital (%)	37.82	43.16	33.46	30.5	42.71	33.27	28.78	33.62	28.19	39.76	43.54	40	34.26	27.45	33.33
EBITDA	461	493	655	636	403	433	606	625	718	42	386	718	1,113	1,084	1,184
EBITDA-CapEx	155	120	370	306	219	283	286	259	554	-19	-109	67	283	427	86
Operating Income (Loss)	385	403	518	521	253	265	438	348	435	-218	147	450	807	753	819

Liquidity (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.77	0.83	1.09	0.78	0.69	0.94	0.81	0.63	0.85	1.09	0.97	0.78	0.72	0.88	0.98
Current Ratio	1.15	1.16	1.35	1.03	0.92	1.24	1.03	0.92	1.24	1.5	1.18	1.04	0.99	1.16	1.31
Quick Ratio	0.99	1	1.22	0.91	0.8	1.08	0.91	0.74	1	1.18	1.06	0.91	0.85	1.02	1.15
CFO/Avg Current Liab	0.86	0.74	0.91	0.38	0.32	0.64	0.82	0.47	0.73	0.01	0.54	0.68	0.85	0.76	0.85
Common Equity/Total Assets	44.18	42.77	46.82	50	41.78	46.97	43.38	41.81	45.76	35.1	32.88	37.2	40.92	42.93	43.62
Long-Term Debt/Equity (%)	67.41	69.63	48.03	44.77	75.88	58.74	63	69.49	59.18	92.15	102.64	97.86	68.59	71.08	74.44
Long-Term Debt/Capital (%)	38.67	39.71	31.28	29.43	38.08	33.22	33.42	35.47	34.09	43.06	44.45	42.6	37.59	37.77	39.91
Long-Term Debt/Total Assets (%)	30.55	30.75	23.11	22.77	29.99	26.41	26.37	28.11	26.28	30.7	31.4	31.13	28.01	29.37	31.38
Total Debt/Equity (%)	76.84	78.49	56.25	53.81	93.54	72.35	84.91	92.56	70.56	108.64	123.46	112.77	82.29	84.31	83.05
Total Debt/Capital (%)	44.08	44.76	36.63	35.38	46.94	40.91	45.03	47.24	40.65	50.76	53.46	49.1	45.09	44.8	44.53
Total Debt/Total Assets (%)	34.83	34.66	27.07	27.37	36.97	32.53	35.54	37.44	31.33	36.19	37.76	35.88	33.6	34.84	35.01
CFO/Total Liabilities	29.73	27.69	40.48	19.2	14.89	29.67	32.49	20.53	32.4	0.21	17.2	23.72	33.98	29.58	30.21
CFO/CapEx	1.63	1.44	2.91	1.17	1.72	3.96	2.61	1.48	4.81	0.09	1.02	1.17	1.26	1.52	1.05
Altman's Z-Score	2.63	3.07	3.95	3.19	2.05	2.75	2.86	2.2	2.83	1.41	1.71	2.13	2.6	2.36	2.45

Working Capital (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	16.61	17.5	20.8	22.08	19.94	20.18	21.95	23.11	22.03	8.24	19.66	26.91	23.78	21	19.74
Days Sales Outstanding	21.97	20.86	17.55	16.53	18.31	18.09	16.63	15.79	16.57	44.3	18.56	13.57	15.35	17.38	18.49
Inventory Turnover	25.11	30.5	29.61	28.41	24.19	21.08	21.33	22.42	23.65	11.8	14.63	24.6	20.79	17.82	16.62
Days Inventory Outstanding	14.54	11.97	12.33	12.85	15.09	17.32	17.11	16.28	15.43	30.92	24.96	14.84	17.56	20.48	21.95
Accounts Payable Turnover	12.22	11.88	14.5	15.08	8.6	8.99	14.3	14.84	14.92	9.32	12.39	14.94	12.64	10.86	11.93
Accounts Payable Turnover Days	29.86	30.73	25.18	24.21	42.46	40.58	25.52	24.59	24.46	39.17	29.46	24.43	28.88	33.6	30.59
Cash Conversion Cycle	6.65	2.09	4.69	5.17	-9.06	-5.17	8.22	7.48	7.55	36.05	14.06	3.97	4.03	4.26	9.86
Inventory to Cash Days	7.43	8.89	5.22	3.69	3.22	0.77	-0.48	-0.49	1.14	13.37	-6.39	-1.27	-2.21	-3.1	-3.46
Inventories	42	51	57	60	62	75	82	87	69	74	75	93	117	132	148
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	42	51	57	60	62	75	82	87	69	74	75	93	117	132	148

Enterprise Value (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	2,610	4,416	7,113	4,601	2,117	3,847	5,687	3,342	4,592	3,283	3,516	3,375	4,274	3,673	4,961
- Cash & Cash Equivalents	244	76	139	221	205	332	239	156	159	119	211	122	206	613	383
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	1,068	1,206	1,070	1,117	1,301	1,184	1,572	1,663	1,365	1,394	1,604	1,683	1,746	2,001	2,305
Enterprise Value	3,172	4,971	7,051	4,951	2,732	4,217	6,314	4,282	5,106	3,787	4,103	4,123	5,105	4,474	5,928
Total Capital	2,422	2,694	2,921	3,156	2,771	2,894	3,490	3,520	3,359	2,747	3,001	3,427	3,873	4,466	5,176
Total Debt/Capital (%)	44.08	44.76	36.63	35.38	46.94	40.91	45.03	47.24	40.65	50.76	53.46	49.1	45.09	44.8	44.53
Total Debt / EV	0.34	0.24	0.15	0.23	0.48	0.28	0.25	0.39	0.27	0.37	0.39	0.41	0.34	0.45	0.39
EV/Sales	1.73	2.21	2.7	1.83	1.21	1.9	2.5	1.6	1.89	4.73	2.72	1.39	1.48	1.3	1.64
EV/EBITDA	6.88	10.09	10.77	7.78	6.78	9.74	10.42	6.85	7.12	91.26	10.62	5.74	4.59	4.13	5.01
EV/EBIT	8.24	12.35	13.62	9.5	10.82	15.91	14.4	12.3	11.72	- -	28	9.15	6.32	5.94	7.24
EV/Cash Flow to Firm	6.01	8.76	8.23	12.03	7.69	6.72	7.17	7.39	6.13	50.11	7.21	4.93	4.33	4.18	4.8
EV/Free Cash Flow to Firm	3.8	5.29	6.17	6.67	5.06	5.42	5.26	4.53	5.12	27.84	3.86	2.77	2.54	2.59	2.54
Diluted Market Cap	2,610	4,416	7,113	4,601	2,117	3,847	5,687	3,342	4,592	3,283	3,516	3,375	4,274	3,673	4,976
Diluted Enterprise Value	3,434	5,546	8,043	5,496	3,213	4,700	7,019	4,848	5,798	4,558	4,909	4,935	5,814	5,060	6,899
EV per Share	71.29	111.95	158.72	111.52	62.3	99.55	148.86	100.86	120.18	89.1	96.46	101.6	126.99	107.05	144.11
TTM Sales	1,831	2,249	2,608	2,705	2,254	2,219	2,522	2,678	2,707	801	1,510	2,965	3,457	3,446	3,618
TTM EBITDA	461	493	655	636	403	433	606	625	718	42	386	718	1,113	1,084	1,184
TTM Operating Income	385	403	518	521	253	265	438	348	435	-218	147	450	807	753	819
TTM Cash Flow to Firm	528	567	857	412	355	628	880	580	833	76	569	837	1,178	1,070	1,236
TTM Free Cash Flow to Firm	834	940	1,142	742	540	778	1,200	945	997	136	1,064	1,488	2,008	1,726	2,334

Multiples (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	3.24	4.85	6.38	6.43	4.22	5.17	4.92	3.68	4.84	49.92	3.51	2.4	2.28	2.22	2.21
EV/EBIT	8.24	12.35	13.62	9.5	10.82	15.91	14.4	12.3	11.72	- -	28	9.15	6.32	5.94	7.24
Enterprise Value	3,172	4,971	7,051	4,951	2,732	4,217	6,314	4,282	5,106	3,787	4,103	4,123	5,105	4,474	5,928
Low Price	49.54	58.58	96.38	87	39.03	42.61	90.85	67.38	77.31	24	64.66	55.25	78.12	80.01	82.54
EV/Sales	1.73	2.21	2.7	1.83	1.21	1.9	2.5	1.6	1.89	4.73	2.72	1.39	1.48	1.3	1.64
EV/EBITDA	6.88	10.09	10.77	7.78	6.78	9.74	10.42	6.85	7.12	91.26	10.62	5.74	4.59	4.13	5.01
Price/Earnings	8.41	13.53	16.64	12.72	- -	11.9	15.68	37.89	18.59	- -	80.19	9.7	8.31	6.04	7.39
Price/Earnings Average	8.82	10.99	13.63	15.9	-14.46	9.19	13.86	49.5	16.43	-4.35	76.79	8.77	7.55	6.6	6.58
Price/Earnings High	10.44	13.6	16.77	19.99	-22.1	12.7	16.23	68.04	20.1	-7.98	92.07	11.38	9.48	7.83	7.96
Price/Earnings Low	7.1	7.97	10.02	10.68	-7.11	5.58	10.63	32.43	13.3	-1.68	62.73	6.44	6.11	5.5	5.06
Price/Book Value	1.93	2.97	3.84	2.26	1.44	2.25	2.96	1.8	2.3	2.43	2.52	1.93	2.01	1.49	1.73
Price/Book Value Average	2.02	2.41	3.15	2.82	2.37	1.74	2.62	2.35	2.04	1.95	2.41	1.75	1.83	1.63	1.54
Price/Book Value High	2.39	2.98	3.87	3.54	3.62	2.4	3.07	3.23	2.49	3.58	2.89	2.27	2.29	1.93	1.86
Price/Book Value Low	1.63	1.75	2.31	1.89	1.16	1.06	2.01	1.54	1.65	0.75	1.97	1.29	1.48	1.36	1.18
Price/Tangible Book Value	1.98	3.05	3.85	2.28	1.6	2.45	3.21	1.97	2.51	2.76	2.89	2.39	2.1	1.61	1.86
Price/Tangible Book Value Average	2.08	2.48	3.15	2.85	2.63	1.9	2.84	2.57	2.22	2.22	2.76	2.16	1.91	1.76	1.65
Price/Tangible Book Value High	2.46	3.06	3.88	3.58	4.03	2.62	3.32	3.54	2.72	4.08	3.32	2.8	2.4	2.09	2
Price/Tangible Book Value Low	1.67	1.79	2.32	1.91	1.3	1.15	2.18	1.69	1.8	0.86	2.26	1.59	1.54	1.47	1.27
Price/Sales	1.43	1.96	2.73	1.7	0.94	1.73	2.26	1.25	1.7	4.1	2.33	1.14	1.24	1.07	1.37
Price/Sales Average	1.5	1.6	2.23	2.13	1.54	1.34	1.99	1.63	1.5	3.3	2.23	1.03	1.12	1.16	1.22
Price/Sales High	1.77	1.97	2.75	2.67	2.36	1.85	2.33	2.24	1.83	6.05	2.67	1.34	1.41	1.38	1.48
Price/Sales Low	1.2	1.16	1.64	1.43	0.76	0.81	1.53	1.07	1.21	1.27	1.82	0.76	0.91	0.97	0.94
Price/Cash Flow	5.24	8.21	8.57	11.95	6.68	6.47	6.81	6.15	5.85	622.12	6.93	4.45	4.09	3.68	4.31
Price/Cash Flow Average	5.5	6.67	7.02	14.94	10.98	5	6.01	8.04	5.17	500.22	6.64	4.02	3.72	4.03	3.84
Price/Cash Flow High	6.51	8.25	8.63	18.78	16.78	6.91	7.04	11.05	6.33	918.32	7.96	5.22	4.66	4.78	4.65
Price/Cash Flow Low	4.42	4.83	5.16	10.04	5.4	3.04	4.61	5.27	4.18	193.33	5.42	2.96	3.01	3.35	2.95
Price/Free Cash Flow Average	3.4	3.94	5.22	8.04	6.94	3.99	4.35	4.8	4.28	40.14	3.36	2.17	2.07	2.43	1.97
Price/Free Cash Flow High	4.03	4.88	6.43	10.11	10.61	5.52	5.09	6.6	5.24	73.69	4.03	2.81	2.6	2.88	2.39
Price/Free Cash Flow Low	2.74	2.86	3.84	5.4	3.42	2.42	3.34	3.15	3.46	15.51	2.74	1.59	1.68	2.02	1.51
EV/Sales Average	1.95	2.1	2.59	2.46	2.03	1.72	2.52	2.19	1.94	4.89	3.15	1.56	1.57	1.57	1.75
EV/Sales High	2.22	2.48	3.11	3	2.85	2.24	2.86	2.8	2.28	7.64	3.6	1.86	1.85	1.79	2.01
EV/Sales Low	1.65	1.66	2	1.76	1.25	1.2	2.06	1.63	1.66	2.87	2.74	1.28	1.35	1.37	1.47
EV/EBITDA Average	7.72	9.58	10.32	10.45	11.35	8.84	10.49	9.4	7.34	94.33	12.32	6.42	4.87	4.98	5.35
EV/EBITDA High	8.81	11.3	12.37	12.77	15.91	11.46	11.92	12.02	8.6	147.49	14.05	7.69	5.76	5.68	6.14
EV/EBITDA Low	6.56	7.57	7.96	7.48	6.96	6.14	8.56	6.99	6.26	55.31	10.72	5.3	4.2	4.37	4.49
EV/EBIT Average	9.25	11.72	13.06	12.75	18.11	14.44	14.5	16.87	12.09	-17.97	32.49	10.24	6.72	7.17	7.74
EV/EBIT High	10.56	13.83	15.65	15.59	25.39	18.72	16.46	21.56	14.17	-28.1	37.06	12.26	7.94	8.17	8.88
EV/EBIT Low	7.87	9.27	10.07	9.13	11.11	10.03	11.83	12.54	10.31	-10.54	28.28	8.44	5.8	6.28	6.49
Last Price	58.67	99.45	160.11	103.64	48.26	90.83	134.06	78.71	108.08	77.23	82.66	83.17	106.31	87.88	120.61
High Price	72.86	99.97	161.36	162.83	121.25	97	138.72	141.34	116.88	114	94.91	97.63	121.2	114	130
Enterprise Value Average	3,562	4,718	6,758	6,646	4,576	3,826	6,357	5,872	5,265	3,915	4,760	4,613	5,422	5,402	6,339
Enterprise Value High	4,066	5,569	8,099	8,124	6,414	4,961	7,217	7,508	6,172	6,121	5,430	5,522	6,412	6,152	7,270
Enterprise Value Low	3,028	3,731	5,212	4,758	2,808	2,657	5,187	4,367	4,491	2,296	4,143	3,802	4,680	4,731	5,318

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	44	44	44	44	42	42	42	42	42	42	42	39	42	41	41
Diluted Weighted Avg Shares	44	44	44	44	44	42	42	42	42	43	43	41	40	42	41
Basic Weighted Avg Shares	44	44	44	44	44	42	42	42	42	43	43	41	40	42	41
Revenue per Share	41.15	50.66	58.71	60.93	51.38	52.39	59.45	63.07	63.73	18.84	35.5	73.06	85.99	82.46	87.95
EBITDA per Share	10.37	11.1	14.74	14.33	9.19	10.22	14.28	14.72	16.89	0.98	9.09	17.69	27.69	25.93	28.78
Operating Income per Share	8.65	9.07	11.65	11.74	5.76	6.26	10.33	8.2	10.25	-5.12	3.44	11.1	20.08	18.02	19.91
Basic EPS, GAAP	6.98	7.35	9.62	8.15	-5.49	7.64	8.55	2.08	5.81	-14.28	1.03	8.58	12.79	14.55	16.33
Basic EPS from Cont Ops	6.98	7.35	9.62	8.15	-5.49	7.64	8.55	2.08	5.81	-14.28	1.03	8.58	12.79	14.55	16.33
Diluted EPS, GAAP	6.98	7.35	9.62	8.15	-5.49	7.64	8.55	2.08	5.81	-14.28	1.03	8.58	12.79	14.55	16.28
Diluted EPS from Cont Ops	6.98	7.35	9.62	8.15	-5.49	7.64	8.55	2.08	5.81	-14.28	1.03	8.58	12.79	14.55	16.28
Dividend per Share	1.63	4.34	1.46	3.85	3.36	2.03	2.52	3.48	2.6	0.8	- -	- -	3.34	6.44	6.46
Cash Flow per Share	11.2	12.12	18.69	8.67	7.22	14.04	19.7	12.79	18.48	0.12	11.93	18.69	25.99	23.85	27.97
Free Cash Flow per Basic Share	4.31	3.73	12.27	1.23	3.02	10.49	12.15	4.17	14.63	-1.3	0.28	2.66	5.35	8.15	1.27
Cash & Equivalents per Share	11.38	14.66	25.47	17.27	15.62	19.23	22.25	17.01	20.03	20.93	23.92	23.03	22.77	28.69	32.53
Book Value per Share	30.44	33.52	41.66	45.95	33.52	40.37	45.22	43.74	46.93	31.82	32.84	42.99	52.9	58.99	69.8
Tangible Book Value per Share	29.61	32.65	41.61	45.45	30.12	37	41.72	39.93	43	27.95	28.63	34.83	50.6	54.46	64.94

Copa Holdings, S.A.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)