Added to YB: 2023-10-07
Pitch date: 2023-10-07
ASR [bullish]
Grupo Aeroportuario del Sureste, S. A. B. de C. V.
+34.96%
current return
Author Info
No bio for this author
Company Info
Grupo Aeroportuario del Sureste, S. A. B. de C. V., together with its subsidiaries, holds concessions to operate, maintain, and develop airports in the southeast region of Mexico.
Market Cap
MXN 125.8B
Pitch Price
MXN 174.18
Price Target
N/A
Dividend
7.15%
EV/EBITDA
7.91
P/E
12.66
EV/Sales
4.08
Sector
Transportation Infrastructure
Category
value
Mexican Airports - ASR
ASR (new position): Mexican airport operator w/ most non-Mexico exposure (6 Colombian airports incl Medellin + San Juan PR). Colombia traffic hit by 2023 discount airline collapse, dragging growth to low-mid single digits. Stock fell $320→$210, now <7x EV/EBITDA. Colombia flips to positive y-o-y March 2024. Bullish on lower price + shift in perception, despite Cancun overbuild risk. Smaller position vs OMAB/PAC.
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