Grupo Aeroportuario del Sureste (ASR) AI Stock Analysis

• Market Cap: $10.38B
• Dividend Yield: 11.85%
• Average Volume (3M): 39.76K
• Price to Earnings (P/E): 18.3
• Beta (1Y): 0.64
• Revenue Growth: 8.70%
• EPS Growth: -21.15%
• Country: US
• Employees: 1,936
• Sector: Industrials
• Sector Strength: 72
• Industry: Airlines, Airports & Air Services
• EPS (TTM): 3.83
• Shares Outstanding: 27,705,000
• 10 Day Avg. Volume: 67,135
• 30 Day Avg. Volume: 39,760
• PEG Ratio: 0.36
• Price to Book (P/B): 2.98
• Price to Sales (P/S): 5.15
• P/FCF Ratio: 14.44
• Enterprise Value/Market Cap: 17.49
• Enterprise Value/Revenue: 5.15
• Enterprise Value/Gross Profit: 7.21
• Enterprise Value/Ebitda: 8.04
• 1Y Price Target: $332.50
• Price Target Upside: -3.66% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: $385.00 ▲(11.55% Upside)

Grupo Aeroportuario del Sureste's strong financial performance and attractive valuation are significant strengths. However, technical indicators suggest weak momentum, and the earnings call revealed challenges such as flat passenger traffic and increased costs, which impact the overall score.

Positive Factors

High profitability and margins

Sustained high gross and net margins indicate durable pricing power across aeronautical and non‑aeronautical streams, supporting strong cash generation. This margin profile underpins capacity to fund capex, dividends and expansion while insulating profits from moderate traffic dips.

Strong liquidity and low leverage

A large cash buffer and very low net leverage give ASUR structural financial flexibility to absorb cyclical traffic shocks, fund sizeable acquisitions, and sustain investment in infrastructure without immediate refinancing stress, supporting long‑term strategic optionality.

Strategic international expansion

The CPC deal materially diversifies ASUR's network into Brazil and other Latin markets, boosting scale and reducing concentration risk in Mexico. Greater geographic breadth and higher passenger base enhance revenue diversification and commercial leverage over the medium term.

Negative Factors

Flat overall passenger traffic

Persistent flat traffic constrains aeronautical revenue growth and limits upside from existing airport assets. Given airports’ high fixed costs, stagnant passenger volumes reduce operating leverage and slow organic earnings and cashflow expansion absent market share gains.

Rising operating costs and margin pressure

A near‑term structural rise in expenses, including amortization method changes, has already compressed EBITDA margins. If cost bases remain elevated, profitability and free cash flow will be structurally lower, weakening the firm's ability to self‑fund growth and returns.

Slight decline in free cash flow and EPS weakness

A negative FCF growth trend and sharp EPS contraction reduce internal funding for investments and dividends. Combined with ambitious M&A, this elevates the importance of execution and may pressure financing needs or capital allocation flexibility over the medium term.

Grupo Aeroportuario del Sureste Business Overview & Revenue Model

Company Description

Grupo 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 Money

ASR generates revenue through various streams primarily linked to airport operations. Key revenue sources include aeronautical services, such as landing fees, passenger service charges, and cargo handling fees, which are collected from airlines and passengers using the airports. Additionally, the company earns significant income from non-aeronautical activities, including retail concessions, food and beverage sales, advertising, and parking services available to travelers. ASR also benefits from real estate development around airport facilities, which can provide further financial returns. Strategic partnerships with airlines and other service providers bolster its operational efficiency and enhance service offerings, contributing to its overall revenue generation.

Grupo Aeroportuario del Sureste Financial Statement Overview

Summary

Grupo Aeroportuario del Sureste demonstrates strong profitability with a high gross profit margin and a solid balance sheet. However, there is a slight decline in cash flow growth, which could be a concern if it persists.

Income Statement

Grupo Aeroportuario del Sureste shows strong profitability with a high gross profit margin of 71.98% and a net profit margin of 36.63% in TTM (Trailing-Twelve-Months). The company has maintained a positive revenue growth rate of 3.77% in the TTM period, indicating steady growth. However, the net profit margin has decreased compared to the previous year, suggesting some pressure on net income.

Balance Sheet

The balance sheet reflects a solid financial position with a manageable debt-to-equity ratio of 0.62 in TTM, indicating prudent leverage. Return on equity is strong at 25.25%, showcasing effective use of equity to generate profits. However, the equity ratio is not available, which limits a full assessment of asset financing.

Cash Flow

Cash flow analysis reveals a slight decline in free cash flow growth at -1.18% in TTM, which could be a concern if it persists. The operating cash flow to net income ratio is healthy at 1.03, indicating good cash generation relative to net income. The free cash flow to net income ratio is also robust at 0.75, suggesting efficient cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	35.29B	31.33B	25.82B	25.31B	18.78B	12.62B
Gross Profit	25.18B	20.16B	15.56B	18.77B	12.26B	6.00B
EBITDA	22.60B	23.52B	17.82B	17.00B	10.64B	5.05B
Net Income	11.19B	13.55B	10.20B	9.99B	5.98B	1.97B
Balance Sheet
Total Assets	4.20B	83.64B	70.34B	70.92B	65.83B	60.41B
Cash, Cash Equivalents and Short-Term Investments	886.91M	20.08B	13.87B	13.17B	8.77B	5.19B
Total Debt	1.16B	13.38B	12.25B	15.20B	13.78B	13.90B
Total Liabilities	1.80B	22.02B	18.75B	21.90B	20.06B	18.72B
Stockholders Equity	2.02B	54.21B	44.95B	41.62B	37.18B	33.67B
Cash Flow
Free Cash Flow	6.86B	11.17B	12.07B	10.68B	6.59B	-391.42M
Operating Cash Flow	10.69B	15.57B	13.45B	13.46B	10.26B	2.94B
Investing Cash Flow	-2.20B	-2.75B	-2.45B	-3.79B	-3.41B	-2.88B
Financing Cash Flow	-7.42B	-8.92B	-9.32B	-4.83B	-3.31B	-1.14B

Grupo Aeroportuario del Sureste Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 345.13
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 345.13 is above the 20-day moving average (MA) of 331.62, above the 50-day MA of 318.51, and above the 200-day MA of 305.37, indicating a bullish trend. The MACD of 7.99 indicates Negative momentum. The RSI at 66.35 is Neutral, neither overbought nor oversold. The STOCH value of 80.57 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ASR.

Grupo Aeroportuario del Sureste Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OMAB	77 Outperform	$5.62B	20.82	53.28%	4.03%	-2.04%	-3.82%
ASR	73 Outperform	$10.38B	18.31	24.69%	11.85%	8.70%	-21.15%
CAAP	71 Outperform	$4.83B	26.20	13.25%	―	14.87%	-47.71%
PAC	65 Neutral	$13.88B	27.47	46.45%	4.46%	11.58%	1.15%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Grupo Aeroportuario del Sureste Corporate Events

ASUR Shareholders Approve New Acquisition and Debt Powers to Support Expansion

On January 26, 2026, ASUR’s shareholders, meeting in a General Ordinary Shareholders’ Meeting in Mexico City, approved resolutions authorizing the company to acquire all or part of shares and airport operators, including Companhia de Participações em Concessões, either directly or through subsidiaries or special purpose vehicles. Shareholders also granted broad authorization for ASUR to contract debt through bank loans, securities issuances or other financing instruments and to enter into any related agreements, and appointed special delegates to formalize these decisions, positioning the group with additional financial and strategic flexibility for future expansion and consolidation across its airport portfolio.

The most recent analyst rating on (ASR) stock is a Hold with a $370.00 price target. To see the full list of analyst forecasts on Grupo Aeroportuario del Sureste stock, see the ASR Stock Forecast page.

ASUR Reports Mixed December 2025 Traffic as Colombia Grows and Mexico, Puerto Rico Decline

On January 6, 2026, ASUR reported that total passenger traffic across its airports reached 6.7 million in December 2025, a modest 0.4% increase versus December 2024, with performance differing markedly by region. Traffic in Colombia rose 6.0% year-on-year, supported by balanced growth in domestic and international passengers, while Mexico posted a slight 0.4% decline and Puerto Rico fell 4.2% as weaker domestic volumes offset small gains in international flows. For full-year 2025, total traffic across ASUR’s network edged up 0.3% to 71.6 million passengers, highlighting resilience in Colombia and continued recovery in Puerto Rico against softer trends at key Mexican airports such as Cancun, a mix that may influence the group’s regional revenue profile and investment priorities going forward.

The most recent analyst rating on (ASR) stock is a Buy with a $365.00 price target. To see the full list of analyst forecasts on Grupo Aeroportuario del Sureste stock, see the ASR Stock Forecast page.

ASUR Expands U.S. Presence with Acquisition of URW Airports

On December 11, 2025, Grupo Aeroportuario del Sureste (ASUR) announced the completion of its acquisition of URW Airports, LLC for $295 million, marking a strategic expansion into major U.S. airport hubs. This acquisition allows ASUR to enhance its commercial capabilities and expand its footprint in the U.S. by managing retail operations at key terminals in Los Angeles, Chicago, and New York airports, positioning ASUR Airports as a significant player in the U.S. airport retail concessions market.

The most recent analyst rating on (ASR) stock is a Sell with a $300.00 price target. To see the full list of analyst forecasts on Grupo Aeroportuario del Sureste stock, see the ASR Stock Forecast page.

ASUR Reports November 2025 Passenger Traffic Growth

On December 8, 2025, ASUR reported a 1.5% increase in total passenger traffic for November 2025 compared to the same month in 2024, reaching 5.9 million passengers. This growth was driven by a 5.9% increase in Colombia and a 1% rise in Mexico, despite a 2.9% decline in Puerto Rico. The performance in Colombia was bolstered by significant increases in both international and domestic traffic, while Mexico saw a slight increase in international traffic but a minor decrease in domestic traffic. The announcement highlights ASUR’s ongoing efforts to enhance its market position in the international airport industry.

The most recent analyst rating on (ASR) stock is a Sell with a $300.00 price target. To see the full list of analyst forecasts on Grupo Aeroportuario del Sureste stock, see the ASR Stock Forecast page.

ASUR Expands with $936 Million Acquisition of CPC Aeroportos

On November 18, 2025, ASUR’s subsidiary, Aeropuerto de Cancún, S.A. de C.V., agreed to acquire Companhia de Participações em Concessões (CPC Aeroportos) for approximately $936 million. CPC Aeroportos operates 20 airports across Latin America, including Brazil, Costa Rica, Ecuador, and Curaçao. This strategic acquisition aligns with ASUR’s long-term growth and diversification strategy, enhancing its position as an international leader in airport infrastructure. The transaction is expected to increase ASUR’s passenger traffic and exposure to new markets, with financing support from JPMorgan Chase Bank, N.A.

The most recent analyst rating on (ASR) stock is a Sell with a $300.00 price target. To see the full list of analyst forecasts on Grupo Aeroportuario del Sureste stock, see the ASR Stock Forecast page.

ASUR Announces Shareholders’ Meeting for Strategic Decisions

On December 4, 2025, Grupo Aeroportuario del Sureste (ASUR) announced a General Ordinary Shareholders’ Meeting scheduled for January 26, 2026. The agenda includes discussions on acquiring shares or airport operators, contracting debt, and appointing delegates to formalize resolutions. This meeting reflects ASUR’s strategic focus on expansion and financial structuring, potentially impacting its operational capabilities and market positioning.

The most recent analyst rating on (ASR) stock is a Sell with a $300.00 price target. To see the full list of analyst forecasts on Grupo Aeroportuario del Sureste stock, see the ASR Stock Forecast page.

ASUR Expands with Major Acquisition in Latin America

On November 18, 2025, Grupo Aeroportuario del Sureste (ASUR) announced a significant acquisition of Companhia de Participações em Concessões (CPC) from Motiva Infraestrutura de Mobilidade. This acquisition, valued at R$5,000 million (US$936 million), expands ASUR’s presence into Brazil, Ecuador, Costa Rica, and Curaçao, adding 20 airports to its portfolio. This strategic move positions ASUR as a leading airport operator in the Americas, increasing its passenger base by over 45 million annually. The transaction is expected to close in the first half of 2026, subject to customary conditions.

The most recent analyst rating on (ASR) stock is a Sell with a $300.00 price target. To see the full list of analyst forecasts on Grupo Aeroportuario del Sureste stock, see the ASR Stock Forecast page.

ASUR Reports Passenger Traffic Growth in October 2025

In October 2025, ASUR reported a total passenger traffic of 5.3 million, marking a 1.0% increase compared to the previous year. The growth was driven by a 5.1% rise in Colombia, while Mexico and Puerto Rico saw declines of 0.2% and 1.7%, respectively. Notably, Colombia experienced a significant boost in international traffic by 14.8%, which contributed to the overall increase. These figures reflect ASUR’s ongoing efforts to enhance its market presence in Colombia, despite challenges in other regions.

The most recent analyst rating on (ASR) stock is a Buy with a $341.00 price target. To see the full list of analyst forecasts on Grupo Aeroportuario del Sureste stock, see the ASR Stock Forecast page.

ASUR Submits Offer for Airport Participation in Latin America

On November 5, 2025, ASUR announced that it has submitted an offer to Motiva Infraestructura de Mobilidade S.A. for participation in airports located in Brazil, Ecuador, Curaçao, and Costa Rica. This move, requested by the Mexican Stock Exchange, highlights ASUR’s strategic expansion efforts in the international airport industry, although no agreements have been finalized yet.

The most recent analyst rating on (ASR) stock is a Buy with a $341.00 price target. To see the full list of analyst forecasts on Grupo Aeroportuario del Sureste stock, see the ASR Stock Forecast page.