Equity Analysis /

ASUR: Flash: International traffic continues surprising

  • In June, ASURs showed a total passengers increase of 23.1% y/y, supported by stronger international traffic demand

  • The nine airports operated in Mexico grew 20.0% y/y, slightly below our 23.0% y/y estimate

  • We reiterate our positive outlook with an attractive valuation (current FV/EBITDA 10.7x vs. 11.4x avg. domestic sector)

Jose Itzamna Espitia Hernandez
Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation

Marissa Garza Ostos
Marissa Garza Ostos

Head of Equity Research

8 July 2022
Published byBanorte


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