Grupo Aeroportuario del Sureste, S. A. B. de C. V.

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF in MXN converted to USD at 17.72 MXN/USD, valued per ordinary share (CPO), since ASRMF represents Grupo Aeroportuario del Sureste's ordinary shares directly rather than the 10:1 NYSE ADS 'ASR': MXN 9.3 billion normalized FCF base (3-year average of FY2023-FY2025, smoothing a FY2025 capex spike); 7% annual FCF growth years 1-5; 5% growth years 6-10; 11% discount rate reflecting Mexico/Latin America infrastructure and regulatory risk; 4% terminal growth; MXN 22.8 billion net debt; 300.00 million ordinary shares outstanding.

Reasoning: ASUR is a regulated multi-country airport concession operator (Cancun-led Mexican hub airports plus Colombia and Puerto Rico) with contractual tariff adjustments and durable passenger-traffic-linked cash flows, making a traffic and tariff-driven FCF DCF the appropriate method; growth and discount-rate assumptions reflect steady real traffic growth plus regional inflation, tempered by emerging-market currency and regulatory risk across its jurisdictions.