Grupo Aeroportuario del Sureste SAB de CV ADR ASR
Morningstar’s Analysis
1-Star Price
PREMIUM
5-Star Price
PREMIUM
Economic Moat
PREMIUM
Capital Allocation
PREMIUM
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Company Profile
Based in Mexico City, Grupo Aeroportuario del Sureste operates nine airports in southeast Mexico under its government-granted concession plus one in Puerto Rico and six in Colombia. Mexico was 61% of 2019 passenger traffic total of nearly 55.7 million people, with Cancun alone accounting for 46%. Thanks to increased spending per passenger at Cancun, nonaeronautical revenue comprises 36% of total revenue, typically a larger percentage than at its two publicly traded peers, Pacifico and Centro Norte.
Mexico City, DF, 05120, Mexico