Grupo Aeroportuario del Sureste SAB de CV ADR ASR

Similar documents
Extended Stay America Inc STAY

Las Vegas Sands Corp LVS

UBS CEO Conference February 2006

ASUR 2Q11 PASSENGER TRAFFIC UP 2.89% YOY

ASUR 2Q15 PASSENGER TRAFFIC UP 14.27% YOY

COMMERCIAL REVENUES ASUR March/April 2005

ASUR 2Q14 PASSENGER TRAFFIC UP 10.65% YOY

ASUR 1Q17 PASSENGER TRAFFIC UP 8.42% YOY

ASUR 4Q13 PASSENGER TRAFFIC UP 8.99% YOY

Investment Highlights

The Mexico Fund, Inc.

THE GLOBAL CONTRARIAN

The Mexico Fund, Inc.

THIRD QUARTER AND NINE MONTHS OF 2014 KEY RESULTS

OPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events

MEDIA/ANALYST PRESENTATION FY RESULTS 11 MAY 2007

FIRST QUARTER RESULTS 2016

Investment Highlights

Safe Harbor Statement

First Quarter 2010 Earnings Report

FOURTH QUARTER RESULTS 2017

THIRD QUARTER RESULTS 2017

FENIX OUTDOOR INTERNATIONAL AG Interim condensed consolidated financial statement for the period ended 30 September 2017

Third Quarter 2010 Earnings Report

Q4 Fiscal 2018 Statistics

FIRST QUARTER RESULTS 2017

The Mexico Fund, Inc.

Q3 Fiscal 2018 Statistics

Safe Harbor Statement

Grupo Aeroportuario del Centro Norte SAB de CV SECOND QUARTER 2018 RESULTS

Earnings Report 1 st Quarter 2016 Grupo Viva Aerobus

Historical Statistics

Copa Holdings Reports Net Income of $57.7 million and EPS of $1.36 for the Third Quarter of 2018

Norwegian Air Shuttle ASA

Q1 Fiscal 2018 Statistics

Results 3 rd Quarter 2003

Investment Highlights

Grupo Viva Aerobus announces results for the third quarter of 2016

Copa Holdings Reports Net Income of $136.5 million and EPS of $3.22 for the First Quarter of 2018

Q1 Fiscal 2019 Statistics

Safe Harbor Statement

Safe Harbor Statement

Q4 Fiscal 2017 Statistics

Presentation to Investors as of 6 August 2018

THIRD QUARTER RESULTS 2018

Q1 Fiscal 2011 Statistics

Norwegian Air Shuttle ASA

SAS AB Analyst meeting

Financial Results 1 st Quarter Mar/2016 (FY2015) 30 July, 2015

FIRST QUARTER 2014 RESULTS

OPERATING AND FINANCIAL HIGHLIGHTS

Thank you for participating in the financial results for fiscal 2014.

Ref. PE004/ May Subject: Management Discussion and Analysis for the First Quarter of 2018

Historical Statistics

Q3 FY18 Business Highlights

Q3 Fiscal 2017 Statistics

Operative & Financial Results:

Finnair Group Interim Report 1 January 31 March 2008

Finnair Group Annual Report 1 January 31 December 2006

GROUP FINANCIAL HIGHLIGHTS

JetBlue Airways Corporation (NASD: JBLU)

Copa Holdings Reports Net Income of $49.9 million and EPS of $1.18 for the Second Quarter of 2018

OPERATING AND FINANCIAL HIGHLIGHTS SUBSEQUENT EVENTS

OPERATING AND FINANCIAL HIGHLIGHTS SUBSEQUENT EVENTS

JET AIRWAYS (I) LTD. Presentation on Financial Results Q4 FY08

,354 40,934 31,973 31,542 32,248 (millions of yen) Profit Attributable to Owners of the Parent (J-

--- Disclosure A uirements) A~ulatlons October 24, 2018 IGAUSECT / /1 0

Q1 Fiscal 2010 Statistics

Enhancing air travel options through a strong focus on profitability and innovation. 4 th Quarter 2017 Earnings Report Grupo Viva Aerobus

PARENT AIRLINE OPERATIONS LIFT GROUP PROFIT

Third Quarter 2015 Results

NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT FIRST QUARTER 2004 [This document is a translation from the original Norwegian version]

Results 1 st Quarter 2004

JET AIRWAYS (I) LTD. Presentation on Financial Results Q July 24, 2009

Q3 Fiscal 2011 Statistics

OMA Announces Fourth Quarter 2011 Earnings

Results 2 nd Quarter 2004

2012 Result. Mika Vehviläinen CEO

JET AIRWAYS (I) LTD. Presentation on Financial Results Q2 FY10

AerCap Holdings N.V. Keith Helming Chief Financial Officer. Wachovia Securities Equity Conference June 23, 2008

Jet Airways (India) Ltd. Presentation on Financial Results Q3 FY th January 2008

STAYING TRUE. Scotia Capital Transportation & Aerospace Conference. November 15, 2011

Finnair Group Interim Report 1 January 30 June 2008

Analyst Meeting 1Q/2015

Grupo Sanborns S.A.B. de C.V. Earnings Report 3Q 2018

United Continental Holdings, Inc (NYSE: UAL) ONE YEAR PRICE RANGE : $ LAST PRICE: $ ANALYST RATING: Sell

SKYWEST, INC. ANNOUNCES THIRD QUARTER 2014 RESULTS

OPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events

NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT SECOND QUARTER 2006 [This document is a translation from the original Norwegian version]

INVESTOR PRESENTATION FOURTH QUARTER 2017 RESULTS

JET AIRWAYS (I) LTD. Financial Results Q1 FY09

Q3 Results, Feb 2016

Copa Holdings Reports Net Income of US$113.9 Million for the Fourth Quarter of 2013

Grupo Sanborns S.A.B. de C.V. Earnings Report 3Q 2014

STRONG OPERATING RESULTS LIFT NET PROFIT 7.3% TO $932 MILLION

Q1 Fiscal 2009 Statistics

Cebu Air, Inc. Annual Stockholders Briefing. 24 June cebupacificair.com

Air China Limited Interim Results. August Under IFRS

Finnair Group Interim Report 1 January 30 September 2008

Operational and Financial Results:

Transcription:

Page 1 of 5 Morningstar Analyst Rating. Last Price Day Change Open Price Day Range 52-Week Range Proj. Yield Market Cap Volume Avg Vol. Forward P/E P/B P/S P/CF $ 182.83 ]1.49 0.82 % $ 181.61 179.47-184.58 152.60-229.44 1.84 5.48 bil 75,136 55,631 19.08 4.24 8.77 27.5 Stock Price 2018-01-01-2018-02-22 XNYS:ASR: 0.32 0.18% 2018 Morningstar s Take Grupo Aeroportuario del Sureste holds approximately one fourth of Mexican air-passenger market share, and total passengers transported in 2016 increased 9% to more than 28 million... Key Stats Stock Ind Avg Price/Earnings TTM 22.9 14.2 Price/Book 4.2 1.8 Price/Sales TTM 8.8 1.8 Rev Growth (3 Yr Avg) 21.4 4.7 Net Income Growth (3 Yr Avg) 16.5-16.6 Operating Margin % TTM 52.1 27.3 Net Margin % TTM 38.3 12.5 ROA TTM 12.6 2.4 ROE TTM 19.6 9.1 Debt/Equity 0.4 2.2 Financials 210.00 140.00 70.00 Fair Value Estimate $ 198.00 Consider Buying $ 118.80 Consider Selling $ 306.90 Fair Value Uncertainty High Economic Moat Wide Stewardship Standard Growth C Profitability C Morningstar Credit Rating Relative to Industry - Avg + Annual Quarterly Income Statement 2016-12 2015-12 2014-12 2017-09 2016-09 Revenue 9,753 8,995 5,879 3,230 2,356 Operating Income 4,933 4,073 3,161 1,656 1,235 Net Income 3,629 2,914 2,284 1,101 917 Earnings Per Share 121.00 97.10 76.10 36.69 30.56 Shares Outstanding 30 30 30 30 30 Dividends Declared Date 06/06/2017 Ex-Dividend Date 13/06/2017 Latest Indicated Dividend Amount 3.36 Projected Yield 1.84 % Recent Dividends & Type Amount Splits 06/13/2017 Cash Dividends 3.3588 06/10/2016 Cash Dividends 2.9532 05/05/2015 Cash Dividends 3.2426 12/23/2013 Cash Dividends 3.3623 Competitors Name Price % Chg TTM Sales $ mil Grupo Aeroportuario del $182.83 0.82 ] 629 Sureste SAB de CV ADR Aéroports de Paris $195.00 0.03 ] 3,672 Airports Of Thailand $1.57 0.00 1,807 PLC DR Airports Of Thailand PLC Shs Foreign $2.10-6.67 [ 1,807 Registered Airports Of Thailand $9.01 0.00 1,807 PLC Airports Of Thailand PLC ADR $22.47 0.85 ] 1,807 Recommendations Current 4.5 Total Analysts: 2 5.0 3.0 1.0 Buy Hold Sell Ownership Fund Owners Desjardins Emerging Markets Aberdeen Canada - Emerging Markets Scotia Private International Core Eq Pl IMPERIAL EMERGING ECONOMIES POOL Dynamic Global Equity Fund I Star Rating % Shares Held % Total Assets QQQQ 0.12 1.21 QQQQ 0.09 1.33 0.07 0.49 0.06 0.47 QQQQ 0.06 0.50 Balance Sheet Current Assets 4,233 2,986 3,904 9,542 3,854 Non Current Assets 24,983 23,140 20,021 33,983 24,098 Total Assets 29,216 26,126 23,925 43,524 27,951 Current Liabilities 593 507 402 5,211 598 Total Liabilities 6,462 5,718 5,173 19,299 6,264 Stockholders' Equity 22,754 20,408 18,751 24,225 21,687 Cash Flow Cash From Operations 4,509 3,654 2,709 1,595 1,155 Capital Expenditures -1,814-2,907-1,156-313 -410

Morningstar Analyst Rating. Page 2 of 5 Last Price Day Change Open Price Day Range 52-Week Range Proj. Yield Market Cap Volume Avg Vol. Forward P/E P/B P/S P/CF $ 182.83 ]1.49 0.82 % $ 181.61 179.47-184.58 152.60-229.44 1.84 5.48 bil 75,136 55,631 19.08 4.24 8.77 27.5 Financials Annual Quarterly Free Cash Flow 2,695 747 1,553 1,282 745 In millions except "EPS". Currency in MXN.

Page 3 of 5 Industry Classification NAICS () SIC ISIC Service Activities Incidental to Air Transportation (5223) Operation Details Fiscal Year Ends 2017-12-31 CIK 1123452 Year Established Employees (31/12/2015) 958 Full Time Part Time Auditor (31/12/2016) PricewaterhouseCoopers, S.C. Legal Advisor () Key Executives Agustin Arellano Rodriguez/Chief International Affairs Officer; Claudio Gongora Morales/Chief Legal Counsel; Fernando Chico Pardo/Chairman of the Board; Manuel Gutierrez Sola/Chief Commercial Officer; Adolfo Castro Rivas/Chief Executive Officer and Director of Finance; Carlos Trueba Coll/Director of Cancun Airport; Alejandro Pantoja Lopez/Chief Infrastructure and Compliance Officer; Hector Navarrete Munoz/Director of Regional Airports Company Profile Grupo Aeroportuario del Sureste SAB de CV holds concessions to operate, maintain and develop close to nine airports in the southeast region of Mexico located in Cancun, Cozumel, Merida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula and Minatitlan. 30-day Avg Volume Market Cap Net Income Sales Sector Industry Stock Style Direct Investment Dividend Reinvestment 0.0Mil 5.5Bil 0.2Bil 0.6Bil Industrials Airports & Air Services 7 Large Growth Yes Yes

Page 4 of 5 Industry Peers Morningstar Rating Market Cap $Mil Net Income $Mil P/S P/B P/E Dividend Yield% 5 Yr Rev CAGR% Med Oper. Margin% Interest Coverage Grupo Aeroportuario del Sureste SAB de CV (MXN) QQQ 5,553 4,489 8.6 4.2 22.5 1.8 16.4 50.6 40.9 0.4 Airports Of Thailand PLC (USD,THB) 31,587 21,818 13.9 5.8 34.6 1.2 11.1 47.8 22.9 0.1 Airports Of Thailand PLC (USD,THB) 31,587 21,818 16.6 6.9 43.1 11.1 47.8 22.9 0.1 Airports Of Thailand PLC (USD,THB) 31,587 21,818 10.9 4.3 32.1 1.7 11.1 47.8 22.9 0.1 Airports Of Thailand PLC (USD,THB) 30,910 21,818 17.6 7.3 45.8 1.2 11.1 47.8 22.9 0.1 Aéroports de Paris (USD,EUR) 20,078 469 5.1 3.6 32.2 3.3 24.7 6.7 1.0 Sydney Airport (USD,AUD) 11,618 349 19.6 22.3 41.3 5.4 7.2 54.3 1.9 26.5 AerCap Holdings NV (USD) 8,136 1,174 1.7 1.0 7.6 36.3 46.9 2.1 3.2 Flughafen Zuerich AG (USD,CHF) 7,374 287 6.9 3.2 24.6 1.3 2.3 26.9 20.1 0.5 Beijing Capital International Airport Co Ltd (USD,CNY) 6,420 2,139 4.2 1.9 17.9 6.1 31.6 7.0 0.2 Beijing Capital International Airport Co Ltd (USD,CNY) 6,420 2,139 4.3 2.0 18.5 2.0 6.1 31.6 7.0 0.2 Grupo Aeroportuario del Pacifico SAB de CV QQQQ 5,717 1,891 9.7 5.3 49.7 3.1 17.6 47.1 13.1 Auckland International Airport Ltd (USD,NZD) 5,645 357 3.8 13.7 7.0 1.0 Auckland International Airport Ltd (USD,NZD) 5,645 357 3.6 13.7 7.0 1.0 Grupo Aeroportuario del Sureste SAB de CV 5,553 4,489 8.9 4.3 23.1 16.4 50.6 40.9 0.4 Grupo Aeroportuario del Pacifico SAB de CV 5,506 1,891 9.5 5.2 48.9 17.6 47.1 13.1 Macquarie Infrastructure Corp (USD) 5,379 174 3.0 1.8 31.0 8.5 10.8 2.9 2.9 1.2 BBA Aviation PLC (USD) 5,313 200 2.3 2.8 27.2 2.5 0.1 7.3-0.2 0.7 BBA Aviation PLC (USD) 5,016 200 2.2 2.7 25.7 2.7 0.1 7.3-0.2 0.7 SATS Ltd (USD,SGD) 4,427 262 3.7 4.0 24.3 0.5 10.6 250.2 0.1 Vienna International Airport (USD,EUR) 3,641 108 3.6 2.5 25.3 5.0 19.0 7.9 0.3 Vienna International Airport (USD,EUR) 3,641 108 3.6 2.4 25.0 1.8 5.0 19.0 7.9 0.3 SIA Engineering Co Ltd (USD,SGD) 2,834 174 3.4 2.6 22.1 1.1-1.2 7.5 489.4 0.0 SIA Engineering Co Ltd (USD,SGD) 2,834 174 3.3 2.5 21.0 3.8-1.2 7.5 489.4 0.0 Corporacion America Airports SA (USD) 2,592 59 1.7 5.2 60.0 23.7 1.8 2.5 Grupo Aeroportuario del Centro Norte SAB de CV QQQQ 2,038 1,978 5.8 6.4 18.9 4.1 14.7 39.4 8.9 0.8 Finnair Oyj (USD,EUR) 1,995 165 0.5 1.3 8.5 0.8 0.5 1.4 17.5 0.6 Atlas Air Worldwide Holdings Inc (USD) 1,396 42 0.7 0.9 31.6 5.6 9.8 2.1 1.2 Air Transport Services Group Inc (USD) 1,389-75 1.4 4.8 1.0 10.9 4.0 1.6 SAS AB (USD,SEK) 922 1,149 0.2 0.9 9.0 5.1 3.9 0.8 Norwegian Air Shuttle ASA (USD,NOK) 816 825 0.2 1.3 7.9 19.8 3.1 3.2 3.9 China Aircraft Leasing Group Holdings Ltd (USD,HKD) 676 647 3.1 1.7 7.7 39.1 1.9 9.3 HNA Infrastructure Co Ltd (USD,CNY) 483 452 2.2 0.7 6.5 1.1 16.4 50.3 6.6 0.2 Nok Airlines PCL (USD,THB) 217-2,313 0.4 21.7-5.6 Era Group Inc (USD) 201-95 0.8 0.5-0.9 11.7-0.1 0.6 PHI Inc (USD) 171-38 0.3 0.3 3.3 9.7 0.1 1.0 PHI Inc (USD) 171-38 0.3 0.3 3.3 9.7 0.1 1.0 FastJet PLC (USD) 143-46 1.1-97.7-308.0 Saker Aviation Services Inc (USD) 4 0 0.4 0.8 7.9-1.8 10.7 65.8 0.0 Riverhawk Aviation Inc (USD) -13-44.7-8.3 KLM Royal Dutch Airlines (USD,EUR) 516 2.7 3.3 7.2 0.8 Priority Aviation Inc (USD) -2 72.8-1,586.8 Pteris Global Ltd (USD,SGD) 13 3.2 1.1 24.9 6.2 9.7 0.0 gategroup Holding AG (USD,CHF) 30 0.4 6.0 30.3 4.6 2.3 3.8 1.0 Flughafen Zuerich AG (USD,CHF) 287 2.3 26.9 20.1 0.5 Nok Airlines PCL (USD,THB) -2,313 21.7-5.6 Malaysia Airports Holdings Bhd (USD,MYR) 241 8.7 13.5 1.4 0.6 Bangkok Aviation Fuel Services PCL (USD,THB) 1,026 8.1 40.4 12.1 0.4 BOC Aviation Ltd (USD) 446 58.8 3.2 2.3 D/E

Page 5 of 5 Industry Peers ADP Promesses Industry Average 6,811 2,278 1.9 1.9 15.6 2.5 10.5-14.4 30.1 2.2