$Grupo Aeroportuario del Sureste SAB de CV (ASR.US)$ Southea...

Southeast Mexico Airport (ASR)It is a Mexican company listed at 15.12 yuan in 2000, with a current price of 204.99.

Gross profit margin fluctuates widely, reaching 13.4% when it is low and about 50% when it is high, and the return on equity is between 17% and 24%, which is far worse than that of the northern airport.

Revenue grew steadily except in 2020, while operating profit fell 70% in 2017 due to fluctuations in gross profit margin, while net profit rose 86% in 2017. The income statement shows that restructuring and M & A revenues reached 7.1 billion in 2017, which should have caused short-term gross margin fluctuations, with average net profit growth of 7.7 per cent in the past three years.

2022Q1's revenue, operating profit and net profit increased significantly, with net profit up 126.4% and 13% between quarters.

Over the past five years, the asset-liability ratio has dropped from 40.5% to 29.1%, and the decline is relatively fast. Interest expenses account for 7.4% of operating profit, and the burden is very low. Goodwill and intangible assets 53.217 billion, accounting for 79% of total assets 67.34 billion, accounting for 111% of net assets 47.758 billion, the vast majority of which are intangible assets, guess is the right to operate and so on, otherwise it is difficult to have such a high gross profit margin.

In the past five years, the net amount of operation is much higher than that of investment, and the occupation of assets is very small.

At present, the price-to-earnings ratio is 20.6 and the price-to-earnings ratio is TTM16.9, which is high compared with the average growth rate, but it has grown rapidly in the last four consecutive quarters, so you can choose with caution (⭐️).