Reshoring is reshaping the U.S. economic landscape, with significant implications for manufacturing and investment opportunities, particularly in Mexico. As companies move production closer to home, Mexican airport operators stand to benefit from increased passenger traffic driven by both tourism and industrial growth. Notably, Grupo Aeroportuario del Pacífico and Grupo Aeroportuario del Centro Norte are positioned to capitalize on this trend, with the latter focusing on the industrial powerhouse of Monterrey, which is seeing robust passenger growth.
Grupo Aeroportuario del Pacífico, despite recent stock declines due to concerns over cartel violence and rising oil prices, has demonstrated impressive revenue growth of 286% over the past decade. The stock currently offers a 3.5% dividend yield and trades at 13 times EBITDA. Meanwhile, Grupo Aeroportuario del Centro Norte, with a 4.2% yield and 11.5 times EBITDA, is even cheaper and directly aligned with the reshoring theme.
Investors looking for exposure to the reshoring trend should consider Mexican airport stocks, which are well-positioned to deliver strong returns as air traffic continues to rise in response to economic growth and increased industrial activity.
Source: fool.com