Corporación América Airports: Excellent Growth On Incremental Capital, Justifies 21x Earnings

Pgiam/iStock via Getty Images Investment briefing Insights from our analysis of Q3 FY'23 earnings put the industrials sector as a strong starting point for top down asset allocation in 2024. As seen in Figure 1, by the end of Q3 last year, the industrials sector held just 8% of the market capitalization weighted S&P 500 index, but held 16% of the projected earnings growth for the coming 12 months. Figure 1.     Halfway through Q4 2023 earnings season, analysis by FactSet Research Systems illustrates tha ...