Rising Operating Costs Accompany Pacifico's Strong Passenger Growth, but Our Thesis Remains Intact
Wide-moat Grupo Aeroportuario Del Pacifico registered solid third-quarter results that featured 9% total passenger growth and operating margins slightly narrower than the second quarter last year. Our fair value estimate per ADR share is now $115 (from $116) after updating the spot rate in our model to reflect a weakening peso; however, our fair value estimate for the local shares is higher after we increased domestic traffic growth, subsequently raising revenue for Guadalajara for 2018. Our rev...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.