Aena SA (AENA) — Cash Flow Reinvestment Rate
Latest as of March 2026:
0.34x
Aena SA (AENA) has a Cash Flow Reinvestment Rate of 0.34x as of March 2026, reinvesting €304.98 Million (capex €298.88 Million plus investments €-6.09 Million) from operating cash flow of €908.40 Million. Explore Aena SA capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
0.34x
(Capex + Investments) / Operating CF
Total Reinvested
€304.98 Million
Capex + Investments
Operating Cash Flow
€908.40 Million
EUR
Capital Expenditures
€298.88 Million
EUR
Aena SA Cash Flow Reinvestment Rate (2011–2025)
Historical reinvestment intensity for Aena SA across 15 annual periods. Also explore Aena SA balance sheet assets for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for Aena SA (2011–2025)
Year-by-year capital reinvestment analysis for Aena SA. For live market cap and broader valuation context, see market value of Aena SA.
| Year | Reinvestment Rate | Total Reinvested (EUR) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.38x | €1.09 Billion | €2.83 Billion | €720.28 Million | ▼ -35.2% |
| 2024 | 0.59x | €1.63 Billion | €2.75 Billion | €825.18 Million | ▼ -34.5% |
| 2023 | 0.91x | €2.01 Billion | €2.22 Billion | €545.02 Million | ▲ +21.3% |
| 2022 | 0.75x | €1.39 Billion | €1.86 Billion | €727.69 Million | ▼ -69.2% |
| 2021 | 2.43x | €680.55 Million | €280.47 Million | €671.08 Million | ▼ -33.7% |
| 2020 | 3.66x | €535.51 Million | €146.24 Million | €503.12 Million | ▲ +655.0% |
| 2019 | 0.49x | €1.03 Billion | €2.11 Billion | €1.02 Billion | ▲ +81.4% |
| 2018 | 0.27x | €520.70 Million | €1.95 Billion | €520.19 Million | ▲ +42.5% |
| 2017 | 0.19x | €377.84 Million | €2.01 Billion | €370.41 Million | ▼ -42.2% |
| 2016 | 0.32x | €595.68 Million | €1.83 Billion | €304.04 Million | ▲ +99.9% |
| 2015 | 0.16x | €264.63 Million | €1.63 Billion | €254.66 Million | ▼ -32.9% |
| 2014 | 0.24x | €326.06 Million | €1.35 Billion | €316.09 Million | ▼ -42.3% |
| 2013 | 0.42x | €502.18 Million | €1.20 Billion | €492.21 Million | ▼ -63.6% |
| 2012 | 1.15x | €814.98 Million | €706.41 Million | €814.98 Million | ▲ +28.7% |
| 2011 | 0.90x | €591.64 Million | €659.95 Million | €591.64 Million | — |
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow