Intrinsic value of Grupo Aeroportuario del Sureste ADR - ASR

Previous Close

$176.97

  Intrinsic Value

$2,647

stock screener

  Rating & Target

str. buy

+999%

Previous close

$176.97

 
Intrinsic value

$2,647

 
Up/down potential

+999%

 
Rating

str. buy

We calculate the intrinsic value of ASR stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  36.10
  32.99
  30.19
  27.67
  25.40
  23.36
  21.53
  19.88
  18.39
  17.05
  15.84
  14.76
  13.78
  12.91
  12.11
  11.40
  10.76
  10.19
  9.67
  9.20
  8.78
  8.40
  8.06
  7.76
  7.48
  7.23
  7.01
  6.81
  6.63
  6.46
Revenue, $m
  871
  1,158
  1,508
  1,926
  2,415
  2,979
  3,620
  4,340
  5,138
  6,014
  6,967
  7,995
  9,097
  10,271
  11,515
  12,828
  14,209
  15,656
  17,170
  18,750
  20,396
  22,110
  23,893
  25,746
  27,672
  29,673
  31,753
  33,915
  36,163
  38,501
Variable operating expenses, $m
  338
  365
  398
  437
  483
  536
  596
  664
  739
  822
  655
  752
  856
  966
  1,083
  1,206
  1,336
  1,472
  1,615
  1,763
  1,918
  2,079
  2,247
  2,421
  2,603
  2,791
  2,986
  3,190
  3,401
  3,621
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  338
  365
  398
  437
  483
  536
  596
  664
  739
  822
  655
  752
  856
  966
  1,083
  1,206
  1,336
  1,472
  1,615
  1,763
  1,918
  2,079
  2,247
  2,421
  2,603
  2,791
  2,986
  3,190
  3,401
  3,621
Operating income, $m
  533
  794
  1,110
  1,489
  1,932
  2,443
  3,024
  3,676
  4,399
  5,192
  6,311
  7,243
  8,241
  9,305
  10,432
  11,622
  12,873
  14,184
  15,555
  16,986
  18,478
  20,031
  21,646
  23,324
  25,069
  26,882
  28,767
  30,725
  32,762
  34,880
EBITDA, $m
  830
  1,104
  1,437
  1,835
  2,301
  2,839
  3,450
  4,136
  4,897
  5,731
  6,640
  7,620
  8,670
  9,789
  10,974
  12,226
  13,542
  14,921
  16,364
  17,869
  19,439
  21,072
  22,771
  24,537
  26,373
  28,280
  30,262
  32,323
  34,465
  36,693
Interest expense (income), $m
  5
  51
  83
  122
  170
  228
  295
  373
  461
  560
  669
  790
  921
  1,062
  1,214
  1,375
  1,546
  1,727
  1,917
  2,116
  2,324
  2,541
  2,767
  3,003
  3,248
  3,503
  3,767
  4,043
  4,329
  4,626
  4,935
Earnings before tax, $m
  482
  711
  988
  1,318
  1,704
  2,148
  2,651
  3,215
  3,839
  4,523
  5,522
  6,322
  7,179
  8,091
  9,057
  10,075
  11,146
  12,267
  13,440
  14,663
  15,937
  17,263
  18,643
  20,077
  21,567
  23,115
  24,724
  26,397
  28,136
  29,945
Tax expense, $m
  130
  192
  267
  356
  460
  580
  716
  868
  1,037
  1,221
  1,491
  1,707
  1,938
  2,185
  2,445
  2,720
  3,009
  3,312
  3,629
  3,959
  4,303
  4,661
  5,034
  5,421
  5,823
  6,241
  6,676
  7,127
  7,597
  8,085
Net income, $m
  352
  519
  721
  962
  1,244
  1,568
  1,935
  2,347
  2,802
  3,302
  4,031
  4,615
  5,241
  5,907
  6,612
  7,355
  8,136
  8,955
  9,811
  10,704
  11,634
  12,602
  13,609
  14,656
  15,744
  16,874
  18,049
  19,270
  20,539
  21,860

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  3,739
  4,972
  6,473
  8,264
  10,364
  12,785
  15,538
  18,626
  22,051
  25,810
  29,900
  34,313
  39,042
  44,081
  49,421
  55,056
  60,982
  67,194
  73,690
  80,471
  87,537
  94,893
  102,544
  110,497
  118,763
  127,353
  136,280
  145,558
  155,205
  165,239
Adjusted assets (=assets-cash), $m
  3,739
  4,972
  6,473
  8,264
  10,364
  12,785
  15,538
  18,626
  22,051
  25,810
  29,900
  34,313
  39,042
  44,081
  49,421
  55,056
  60,982
  67,194
  73,690
  80,471
  87,537
  94,893
  102,544
  110,497
  118,763
  127,353
  136,280
  145,558
  155,205
  165,239
Revenue / Adjusted assets
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
  0.233
Average production assets, $m
  1,231
  1,637
  2,131
  2,721
  3,412
  4,209
  5,116
  6,132
  7,260
  8,497
  9,844
  11,297
  12,854
  14,513
  16,271
  18,126
  20,077
  22,122
  24,261
  26,493
  28,820
  31,241
  33,760
  36,379
  39,100
  41,928
  44,867
  47,922
  51,098
  54,401
Working capital, $m
  -85
  -114
  -148
  -189
  -237
  -292
  -355
  -425
  -504
  -589
  -683
  -783
  -891
  -1,007
  -1,128
  -1,257
  -1,392
  -1,534
  -1,683
  -1,837
  -1,999
  -2,167
  -2,341
  -2,523
  -2,712
  -2,908
  -3,112
  -3,324
  -3,544
  -3,773
Total debt, $m
  1,453
  2,146
  2,989
  3,996
  5,176
  6,537
  8,084
  9,819
  11,744
  13,857
  16,155
  18,635
  21,293
  24,125
  27,126
  30,293
  33,623
  37,115
  40,766
  44,576
  48,547
  52,681
  56,981
  61,451
  66,096
  70,924
  75,941
  81,155
  86,577
  92,216
Total liabilities, $m
  2,101
  2,794
  3,638
  4,645
  5,825
  7,185
  8,732
  10,468
  12,393
  14,505
  16,804
  19,284
  21,942
  24,773
  27,775
  30,942
  34,272
  37,763
  41,414
  45,225
  49,196
  53,330
  57,629
  62,099
  66,745
  71,572
  76,589
  81,804
  87,225
  92,864
Total equity, $m
  1,638
  2,178
  2,835
  3,620
  4,539
  5,600
  6,806
  8,158
  9,658
  11,305
  13,096
  15,029
  17,100
  19,307
  21,646
  24,115
  26,710
  29,431
  32,276
  35,246
  38,341
  41,563
  44,914
  48,398
  52,018
  55,781
  59,690
  63,754
  67,980
  72,375
Total liabilities and equity, $m
  3,739
  4,972
  6,473
  8,265
  10,364
  12,785
  15,538
  18,626
  22,051
  25,810
  29,900
  34,313
  39,042
  44,080
  49,421
  55,057
  60,982
  67,194
  73,690
  80,471
  87,537
  94,893
  102,543
  110,497
  118,763
  127,353
  136,279
  145,558
  155,205
  165,239
Debt-to-equity ratio
  0.890
  0.990
  1.050
  1.100
  1.140
  1.170
  1.190
  1.200
  1.220
  1.230
  1.230
  1.240
  1.250
  1.250
  1.250
  1.260
  1.260
  1.260
  1.260
  1.260
  1.270
  1.270
  1.270
  1.270
  1.270
  1.270
  1.270
  1.270
  1.270
  1.270
Adjusted equity ratio
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438
  0.438

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  352
  519
  721
  962
  1,244
  1,568
  1,935
  2,347
  2,802
  3,302
  4,031
  4,615
  5,241
  5,907
  6,612
  7,355
  8,136
  8,955
  9,811
  10,704
  11,634
  12,602
  13,609
  14,656
  15,744
  16,874
  18,049
  19,270
  20,539
  21,860
Depreciation, amort., depletion, $m
  297
  311
  327
  347
  370
  396
  427
  460
  498
  539
  328
  377
  428
  484
  542
  604
  669
  737
  809
  883
  961
  1,041
  1,125
  1,213
  1,303
  1,398
  1,496
  1,597
  1,703
  1,813
Funds from operations, $m
  649
  829
  1,048
  1,309
  1,614
  1,964
  2,362
  2,807
  3,300
  3,841
  4,359
  4,992
  5,669
  6,390
  7,154
  7,959
  8,806
  9,692
  10,620
  11,587
  12,595
  13,644
  14,735
  15,869
  17,047
  18,272
  19,544
  20,867
  22,242
  23,673
Change in working capital, $m
  -23
  -28
  -34
  -41
  -48
  -55
  -63
  -71
  -78
  -86
  -93
  -101
  -108
  -115
  -122
  -129
  -135
  -142
  -148
  -155
  -161
  -168
  -175
  -182
  -189
  -196
  -204
  -212
  -220
  -229
Cash from operations, $m
  672
  858
  1,083
  1,350
  1,662
  2,019
  2,425
  2,878
  3,379
  3,927
  4,452
  5,092
  5,777
  6,505
  7,276
  8,088
  8,941
  9,834
  10,768
  11,742
  12,756
  13,812
  14,909
  16,050
  17,236
  18,468
  19,748
  21,079
  22,463
  23,902
Maintenance CAPEX, $m
  -30
  -41
  -55
  -71
  -91
  -114
  -140
  -171
  -204
  -242
  -283
  -328
  -377
  -428
  -484
  -542
  -604
  -669
  -737
  -809
  -883
  -961
  -1,041
  -1,125
  -1,213
  -1,303
  -1,398
  -1,496
  -1,597
  -1,703
New CAPEX, $m
  -326
  -406
  -494
  -590
  -691
  -797
  -906
  -1,017
  -1,128
  -1,238
  -1,346
  -1,453
  -1,557
  -1,659
  -1,758
  -1,855
  -1,951
  -2,045
  -2,139
  -2,232
  -2,326
  -2,422
  -2,519
  -2,619
  -2,721
  -2,828
  -2,939
  -3,055
  -3,176
  -3,303
Cash from investing activities, $m
  -356
  -447
  -549
  -661
  -782
  -911
  -1,046
  -1,188
  -1,332
  -1,480
  -1,629
  -1,781
  -1,934
  -2,087
  -2,242
  -2,397
  -2,555
  -2,714
  -2,876
  -3,041
  -3,209
  -3,383
  -3,560
  -3,744
  -3,934
  -4,131
  -4,337
  -4,551
  -4,773
  -5,006
Free cash flow, $m
  315
  410
  534
  689
  880
  1,109
  1,378
  1,691
  2,047
  2,447
  2,823
  3,311
  3,844
  4,418
  5,034
  5,690
  6,386
  7,120
  7,892
  8,701
  9,547
  10,429
  11,349
  12,306
  13,302
  14,336
  15,411
  16,529
  17,689
  18,896
Issuance/(repayment) of debt, $m
  556
  693
  844
  1,007
  1,180
  1,361
  1,547
  1,736
  1,925
  2,113
  2,298
  2,480
  2,658
  2,832
  3,001
  3,167
  3,330
  3,491
  3,651
  3,811
  3,971
  4,134
  4,300
  4,470
  4,645
  4,827
  5,017
  5,215
  5,422
  5,639
Issuance/(repurchase) of shares, $m
  83
  21
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  639
  714
  844
  1,007
  1,180
  1,361
  1,547
  1,736
  1,925
  2,113
  2,298
  2,480
  2,658
  2,832
  3,001
  3,167
  3,330
  3,491
  3,651
  3,811
  3,971
  4,134
  4,300
  4,470
  4,645
  4,827
  5,017
  5,215
  5,422
  5,639
Total cash flow (excl. dividends), $m
  953
  1,125
  1,377
  1,696
  2,060
  2,469
  2,925
  3,426
  3,971
  4,560
  5,121
  5,792
  6,502
  7,250
  8,035
  8,857
  9,716
  10,611
  11,543
  12,511
  13,518
  14,563
  15,649
  16,776
  17,947
  19,164
  20,428
  21,743
  23,111
  24,535
Retained Cash Flow (-), $m
  -434
  -540
  -657
  -785
  -920
  -1,061
  -1,206
  -1,353
  -1,500
  -1,647
  -1,791
  -1,933
  -2,072
  -2,207
  -2,339
  -2,468
  -2,595
  -2,721
  -2,845
  -2,970
  -3,095
  -3,222
  -3,351
  -3,484
  -3,621
  -3,762
  -3,910
  -4,064
  -4,225
  -4,395
Prev. year cash balance distribution, $m
  121
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  639
  585
  720
  911
  1,140
  1,409
  1,720
  2,074
  2,471
  2,913
  3,330
  3,859
  4,430
  5,043
  5,696
  6,389
  7,121
  7,890
  8,697
  9,541
  10,423
  11,341
  12,298
  13,292
  14,327
  15,401
  16,518
  17,679
  18,885
  20,140
Discount rate, %
  4.70
  4.94
  5.18
  5.44
  5.71
  6.00
  6.30
  6.61
  6.94
  7.29
  7.66
  8.04
  8.44
  8.86
  9.31
  9.77
  10.26
  10.77
  11.31
  11.88
  12.47
  13.09
  13.75
  14.44
  15.16
  15.92
  16.71
  17.55
  18.42
  19.35
PV of cash for distribution, $m
  611
  531
  619
  737
  863
  993
  1,121
  1,242
  1,351
  1,441
  1,479
  1,526
  1,545
  1,536
  1,499
  1,438
  1,353
  1,251
  1,135
  1,011
  883
  757
  635
  523
  421
  331
  255
  191
  140
  100
Current shareholders' claim on cash, %
  95.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1
  94.1

Grupo Aeroportuario del Sureste SAB de CV (ASUR) is a Mexico-based holding company. It and its subsidiaries hold concessions to operate, maintain and develop approximately nine airports in the southeast region of Mexico, as well as over 10 airports in Colombia. The Company operates through segments, including Cancun airport and subsidiaries (Cancun), the Villahermosa Airport (Villahermosa), the Merida airport (Merida) and Services. The airports are located in Cancun, Cozumel, Merida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula and Minatitlan, Mexico, and in Medellin, Colombia, among others. Approximately eight Mexican and over 80 international airlines, including the United States-based airlines, such as American Airlines and United Air Lines are operating directly or through code-sharing arrangements in its airports. It provides airport security services at its airports through third-party contractors. It also provides firefighting, rescue and aircraft maintenance services.

FINANCIAL RATIOS  of  Grupo Aeroportuario del Sureste ADR (ASR)

Valuation Ratios
P/E Ratio 288.5
Price to Sales 107.5
Price to Book 46
Price to Tangible Book
Price to Cash Flow 232.9
Price to Free Cash Flow 390.4
Growth Rates
Sales Growth Rate 8.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -37.4%
Cap. Spend. - 3 Yr. Gr. Rate 24.3%
Financial Strength
Quick Ratio 59
Current Ratio 0.2
LT Debt to Equity 19.3%
Total Debt to Equity 19.6%
Interest Coverage 52
Management Effectiveness
Return On Assets 13.4%
Ret/ On Assets - 3 Yr. Avg. 11.9%
Return On Total Capital 14.1%
Ret/ On T. Cap. - 3 Yr. Avg. 12.7%
Return On Equity 16.8%
Return On Equity - 3 Yr. Avg. 14.9%
Asset Turnover 0.4
Profitability Ratios
Gross Margin 52.6%
Gross Margin - 3 Yr. Avg. 52.2%
EBITDA Margin 58.1%
EBITDA Margin - 3 Yr. Avg. 56.8%
Operating Margin 50.6%
Oper. Margin - 3 Yr. Avg. 49.9%
Pre-Tax Margin 51.6%
Pre-Tax Margin - 3 Yr. Avg. 49.5%
Net Profit Margin 37.2%
Net Profit Margin - 3 Yr. Avg. 36.2%
Effective Tax Rate 27.8%
Eff/ Tax Rate - 3 Yr. Avg. 26.9%
Payout Ratio 46.2%

ASR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ASR stock intrinsic value calculation we used $640.05175394 million for the last fiscal year's total revenue generated by Grupo Aeroportuario del Sureste ADR. The default revenue input number comes from 0001 income statement of Grupo Aeroportuario del Sureste ADR. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ASR stock valuation model: a) initial revenue growth rate of 36.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.7%, whose default value for ASR is calculated based on our internal credit rating of Grupo Aeroportuario del Sureste ADR, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Grupo Aeroportuario del Sureste ADR.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ASR stock the variable cost ratio is equal to 49.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for ASR stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.7% for Grupo Aeroportuario del Sureste ADR.

Corporate tax rate of 27% is the nominal tax rate for Grupo Aeroportuario del Sureste ADR. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ASR stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ASR are equal to 141.3%.

Life of production assets of 30.2 years is the average useful life of capital assets used in Grupo Aeroportuario del Sureste ADR operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ASR is equal to -9.8%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1323.8473818 million for Grupo Aeroportuario del Sureste ADR - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 9.857 million for Grupo Aeroportuario del Sureste ADR is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Grupo Aeroportuario del Sureste ADR at the current share price and the inputted number of shares is $1.7 billion.

RELATED COMPANIES Price Int.Val. Rating
PAC Grupo Aeroport 93.95 2,009.95  str.buy
OMAB Grupo Aeroport 45.76 245.16  str.buy