Report
Keith Schoonmaker, CFA
EUR 147.86 For Business Accounts Only

ASUR's passenger traffic is growing at robust double-digit levels.

Grupo Aeroportuario del Sureste, or ASUR, reported second-quarter 2016 earnings. We believe the company’s control of air traffic in southeastern Mexico continues to showcase its benefits, and we maintain our wide moat rating. Total passenger traffic increased 5.4%, with six of the nine airports reporting traffic greater than in the prior-year period. We our increasing our fair value estimate to $147 per ADR as a result of increased midcycle profitability assumptions in our model combined with sl...
Underlying
Grupo Aeroportuario del Sureste S.A. de C.V. ADS Series B

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Keith Schoonmaker, CFA

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