Aena SME SA

AENA: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Aena: Initiating Coverage With EUR 27 Fair Value Estimate and Wide Moat Rating; Shares Fairly Valued

Jack Fletcher-Price

Apr 13, 2026

We’re initiating coverage of Spanish airport operator Aena.

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Aena SME SA

Aena: Initiating Coverage With EUR 27 Fair Value Estimate and Wide Moat Rating; Shares Fairly Valued

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