Grupo Aeroportuario del Sureste (ASR) AI Stock Analysis

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Grupo Aeroportuario del Sureste

(NYSE:ASR)

Rating:80Outperform

Price Target:

$354.00

▲(14.89% Upside)

Grupo Aeroportuario del Sureste's strong financial performance and attractive valuation are the primary drivers of its stock score. The company benefits from robust revenue growth and a solid balance sheet, while its high dividend yield enhances its appeal. However, technical indicators suggest neutral momentum, and challenges in Mexico's operations and foreign exchange losses temper the overall outlook.

Grupo Aeroportuario del Sureste (ASR) vs. SPDR S&P 500 ETF (SPY)

Market Cap

$9.27B

Dividend Yield8.09%

Average Volume (3M)80.13K

Price to Earnings (P/E)14.7

Beta (1Y)0.90

Revenue Growth5.67%

EPS Growth-9.58%

CountryUS

Employees1,936

SectorIndustrials

Sector Strength84

IndustryAirlines, Airports & Air Services

Share Statistics

EPS (TTM)3.80

Shares Outstanding27,705,000

10 Day Avg. Volume46,558

30 Day Avg. Volume80,127

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)0.00

Price to Sales (P/S)0.00

P/FCF Ratio0.00

Enterprise Value/Market Cap1.08

Enterprise Value/Revenue0.30

Enterprise Value/Gross Profit0.41

Enterprise Value/Ebitda0.43

Forecast

1Y Price Target

$341.00

Price Target Upside10.67% Upside

Rating ConsensusModerate Sell

Number of Analyst Covering1

Grupo Aeroportuario del Sureste Business Overview & Revenue Model

Company DescriptionGrupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates nine airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlan. It provides aeronautical services, which include passenger, aircraft landing and parking, passenger walkway, and airport security services. The company also offers non-aeronautical services, such as leasing of space at its airports to retailers, restaurants, airlines, and other commercial tenants; catering, handling, and ground transportation services. In addition, it operates the Luis Muñoz Marín International Airport in San Juan, Puerto Rico; and holds concessions to operate the various airports in Colombia, including the Enrique Olaya Herrera Airport in Medellín and José María Córdova International Airport in Rionegro, the Los Garzones Airport in Montería, the Antonio Roldán Betancourt Airport in Carepa, the El Caraño Airport in Quibdó, and the Las Brujas Airport in Corozal. The company was incorporated in 1998 and is headquartered in Mexico City, Mexico.

How the Company Makes MoneyGrupo Aeroportuario del Sureste (ASR) generates revenue primarily through airport operations, which include aeronautical and non-aeronautical services. Aeronautical revenues are derived from fees charged to airlines for the use of airport facilities, including landing, parking, and passenger service charges. Non-aeronautical revenues come from commercial activities within the airports, such as leasing space to retail stores, restaurants, and car rental agencies, as well as parking fees and advertising. The company also benefits from strategic partnerships and concessions that enhance its service offerings and contribute to its financial performance.

Grupo Aeroportuario del Sureste Earnings Call Summary

Earnings Call Date:Jul 22, 2025

(Q2-2025)

% Change Since: 2.19%|

Next Earnings Date:Oct 27, 2025

Earnings Call Sentiment Neutral

The earnings call reflected a mixed performance. While there was growth in Puerto Rico and Colombia and a strong cash position, challenges in Mexico's traffic and foreign exchange losses presented notable concerns.

Q2-2025 Updates

Positive Updates

Passenger Traffic Growth in Puerto Rico and Colombia

Puerto Rico posted a 3% growth in passenger traffic, supported by domestic traffic and sustained strength in international traffic. Colombia saw a 1% increase with international travel up 12%.

Revenue Growth Driven by Puerto Rico and Colombia

Total revenues increased 5% year-on-year to MXN 7.4 billion, with Puerto Rico contributing 17.7% of total revenues with high teens growth, and Colombia posting 15.4% top line growth.

Strong Cash Position and Dividend Payments

ASUR maintained a strong cash position, closing the quarter with nearly MXN 20 billion, up 32% year-on-year. They paid a MXN 50 per share dividend and announced two extraordinary dividends for September and November.

Commercial Space Expansion

Opened 47 new commercial spaces over the last 12 months, supporting high single-digit growth in total commercial revenues.

Negative Updates

Decline in Mexico's International Passenger Traffic

Mexico reported a nearly 2% decline in total traffic, with a 4.5% decrease in international travel. Passenger volumes from Europe, the U.S., South America, and Canada were down.

Foreign Exchange Loss

A foreign exchange loss of MXN 1,200 million negatively impacted the bottom line, driven by the appreciation of the Mexican peso against the U.S. dollar.

Decreased EBITDA in Mexico

Mexico saw a 1.6% decrease in EBITDA, attributed to passenger traffic decline, the strong peso, and higher costs.

Challenges at Tulum Airport

Tulum Airport's ramp-up drew passengers from Cancun, contributing to Mexico's international traffic decline. The airport is not ramping up as expected, affecting growth projections.

Company Guidance

During the second quarter of 2025, ASUR reported serving 17.7 million passengers across its airports, with traffic remaining largely flat year-on-year. Puerto Rico led the way with a 3% increase in passenger traffic, while Colombia saw a 1% rise, driven by a 12% uptick in international travel. In contrast, Mexico experienced a 2% decline in total traffic, with domestic traffic increasing by 1.2% but international travel decreasing by 4.5%. This decline in Mexico's international traffic was partly due to the ramp-up of Tulum's new airport, which drew some passengers from Cancun. Financially, ASUR saw a 5% year-on-year increase in total revenues, reaching MXN 7.4 billion, with Puerto Rico and Colombia contributing significantly to this growth. However, total expenses increased nearly 10% year-on-year, resulting in a slight 2% increase in consolidated EBITDA to MXN 5 million. The adjusted EBITDA margin stood at 68%, down slightly from 69% the previous year. The company maintained a strong financial position with nearly MXN 20 billion in cash and cash equivalents, despite a foreign exchange loss of MXN 1,200 million due to the appreciation of the Mexican peso.

Grupo Aeroportuario del Sureste Financial Statement Overview

Summary

ASUR shows strong revenue growth and profitability with a robust gross profit margin of 79.5% and net profit margin of 42.8%. The company maintains a solid balance sheet with low leverage and a high equity ratio. Effective cash flow management is demonstrated by a high free cash flow to net income ratio. However, the slight decrease in operating cash flow and the need to monitor debt levels are noted.

Income Statement

Very Positive

The company demonstrates strong revenue growth with a significant rise from 2024 to TTM (Trailing-Twelve-Months). Gross Profit Margin is robust at approximately 79.5% for TTM, indicating efficient cost management. Net Profit Margin is also healthy at around 42.8% for the same period. The EBIT and EBITDA Margins are strong, reflecting effective operations. The consistent upward trend in revenue and margins highlights profitability and stability, although the slight decrease in operating cash flow from 2024 may need monitoring.

Balance Sheet

Positive

The company's balance sheet is solid, with a Debt-to-Equity Ratio of 0.22 for TTM, indicating low leverage. The Return on Equity (ROE) is impressive at 24.2%, showing effective use of equity to generate profits. The Equity Ratio stands at 66.6%, reflecting a stable equity base. However, the relatively high total debt level should be monitored, despite the company's strong equity position.

Cash Flow

Very Positive

The cash flow situation is strong with a Free Cash Flow to Net Income Ratio of 0.85 for TTM, demonstrating efficient cash generation relative to net income. Although operating cash flow slightly decreased compared to 2024, the Free Cash Flow grew, indicating effective capital expenditure management. The company maintains healthy cash reserves, supporting its financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	34.01B	31.33B	25.82B	25.31B	18.78B	12.62B
Gross Profit	24.64B	20.16B	15.56B	18.77B	12.26B	6.00B
EBITDA	23.13B	23.52B	17.31B	17.00B	10.64B	5.05B
Net Income	12.46B	13.55B	10.20B	9.99B	5.98B	1.97B
Balance Sheet
Total Assets	80.50B	84.11B	70.34B	70.92B	65.83B	60.41B
Cash, Cash Equivalents and Short-Term Investments	19.82B	20.08B	13.87B	13.17B	8.77B	5.19B
Total Debt	10.14B	13.38B	12.25B	15.20B	13.78B	13.90B
Total Liabilities	38.27B	22.02B	18.75B	21.90B	20.06B	18.72B
Stockholders Equity	35.02B	54.21B	44.95B	41.62B	37.18B	33.67B
Cash Flow
Free Cash Flow	9.29B	11.17B	12.07B	10.68B	6.59B	-391.42M
Operating Cash Flow	14.25B	15.57B	13.45B	13.46B	10.26B	2.94B
Investing Cash Flow	-2.92B	-2.75B	-2.45B	-3.79B	-3.41B	-2.88B
Financing Cash Flow	-7.69B	-8.92B	-9.32B	-4.83B	-3.31B	-1.14B

Grupo Aeroportuario del Sureste Technical Analysis

Technical Analysis Sentiment

Positive

Last Price308.11

Price Trends

50DMA

312.49

Negative

100DMA

297.00

Positive

200DMA

274.27

Positive

Market Momentum

MACD

-2.01

Negative

RSI

51.02

Neutral

STOCH

62.45

Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASR, the sentiment is Positive. The current price of 308.11 is above the 20-day moving average (MA) of 306.21, below the 50-day MA of 312.49, and above the 200-day MA of 274.27, indicating a neutral trend. The MACD of -2.01 indicates Negative momentum. The RSI at 51.02 is Neutral, neither overbought nor oversold. The STOCH value of 62.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ASR.

Grupo Aeroportuario del Sureste Risk Analysis

Grupo Aeroportuario del Sureste disclosed 56 risk factors in its most recent earnings report. Grupo Aeroportuario del Sureste reported the most risks in the "Macro & Political" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added 0 New Risks

Grupo Aeroportuario del Sureste Peers Comparison

Overall Rating

UnderperformOutperform

Sector (64)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OMAB	82 Outperform	$5.12B	19.16	59.78%	4.31%	-7.59%	-9.80%
ASR	80 Outperform	$9.27B	14.66	28.86%	8.09%	5.67%	-9.58%
CAAP	74 Outperform	$3.31B	22.78	11.32%	―	6.45%	-64.13%
PAC	73 Outperform	$11.83B	25.26	47.69%	5.06%	7.45%	-13.53%
Sector *	64 Neutral	$10.63B	16.03	5.49%	2.12%	2.74%	-23.62%

* Industrials Sector Average

Performance Comparison

ASR

Grupo Aeroportuario del Sureste

308.11

49.38

19.09%

OMAB

Grupo Aeroportuario Del Centro

106.32

44.95

73.24%

PAC

Grupo Aeroportuario del Pacifico

233.29

84.98

57.30%

CAAP

Corporacion America Airports SA

20.29

5.34

35.72%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 06, 2025