Aena SA (AENA) — Capital Reinvestment Ratio
Latest as of March 2026:
0.33x
Aena SA (AENA) has a Capital Reinvestment Ratio of 0.33x as of March 2026, meaning it reinvests 0% of its operating cash flow (€908.40 Million) in capital expenditures (€298.88 Million). See Aena SA (AENA) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.33x
Capex / Operating Cash Flow
Operating Cash Flow
€908.40 Million
EUR
Capital Expenditures
€298.88 Million
EUR
Data as of
Mar 2026
Most recent filing
Aena SA Capital Reinvestment Ratio (2011–2025)
This chart tracks Aena SA's Capital Reinvestment Ratio across 15 annual periods.
Annual Capital Reinvestment Ratio for Aena SA (2011–2025)
Year-by-year Capital Reinvestment Ratio for Aena SA from 2011 to 2025. For live market cap and broader valuation context, see AENA stock market capitalisation.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.25x | €2.83 Billion | €720.28 Million | ▼ -15.1% |
| 2024 | 0.30x | €2.75 Billion | €825.18 Million | ▲ +22.3% |
| 2023 | 0.25x | €2.22 Billion | €545.02 Million | ▼ -37.1% |
| 2022 | 0.39x | €1.86 Billion | €727.69 Million | ▼ -83.7% |
| 2021 | 2.39x | €280.47 Million | €671.08 Million | ▼ -30.5% |
| 2020 | 3.44x | €146.24 Million | €503.12 Million | ▲ +609.8% |
| 2019 | 0.48x | €2.11 Billion | €1.02 Billion | ▲ +81.5% |
| 2018 | 0.27x | €1.95 Billion | €520.19 Million | ▲ +45.3% |
| 2017 | 0.18x | €2.01 Billion | €370.41 Million | ▲ +11.0% |
| 2016 | 0.17x | €1.83 Billion | €304.04 Million | ▲ +6.0% |
| 2015 | 0.16x | €1.63 Billion | €254.66 Million | ▼ -33.4% |
| 2014 | 0.23x | €1.35 Billion | €316.09 Million | ▼ -42.9% |
| 2013 | 0.41x | €1.20 Billion | €492.21 Million | ▼ -64.4% |
| 2012 | 1.15x | €706.41 Million | €814.98 Million | ▲ +28.7% |
| 2011 | 0.90x | €659.95 Million | €591.64 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow