Grupo Aeroportuario del Sureste (ASR) AI Stock Analysis

• Market Cap: $9.33B
• Dividend Yield: 10.68%
• Average Volume (3M): 83.73K
• Price to Earnings (P/E): 16.3
• Beta (1Y): 0.85
• 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: 76,732
• 30 Day Avg. Volume: 83,733
• 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: 1.11
• Enterprise Value/Revenue: 0.29
• Enterprise Value/Gross Profit: 0.41
• Enterprise Value/Ebitda: 0.47
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 74 Outperform
• Price Target: $347.00 ▲(14.65% Upside)

ASR's overall stock score is driven by strong financial performance and strategic growth initiatives, tempered by technical indicators suggesting neutral momentum and challenges in maintaining profitability margins. The high dividend yield adds to its attractiveness, despite some operational headwinds.

Grupo Aeroportuario del Sureste Business Overview & Revenue Model

Company Description

Grupo Aeroportuario del Sureste (ASR) is a leading airport management company based in Mexico, responsible for the operation and development of several key airports in the southeastern region of the country, including those in Cancun, Cozumel, Merida, and other locations. The company focuses on enhancing passenger experience and airport efficiency while providing essential services such as terminal operations, maintenance, and commercial activities. ASR is committed to sustainable practices and aims to improve connectivity and economic development in the regions it serves.

How the Company Makes Money

Grupo Aeroportuario del Sureste generates revenue primarily through aeronautical and non-aeronautical services. Aeronautical revenues come from landing fees, passenger boarding charges, and other fees paid by airlines for using airport facilities. Non-aeronautical revenues are derived from leasing retail and food and beverage spaces within the airports, advertising, and various commercial services offered to travelers. The company also engages in partnerships with airlines and other stakeholders to enhance service offerings and increase passenger traffic. Factors contributing to its earnings include the growth in air travel demand, tourism trends in the region, and investments in infrastructure improvements that enhance operational efficiency.

Grupo Aeroportuario del Sureste Financial Statement Overview

Summary

Grupo Aeroportuario del Sureste has shown impressive revenue growth and maintains strong profitability metrics, despite some decline in net income margins. The balance sheet is solid with low leverage and high return on equity. Cash flow generation is robust, though attention is needed to sustain free cash flow growth. Overall, the company is financially strong with potential growth opportunities, though it must manage profitability margins and capital expenditures carefully.

Income Statement

The company has demonstrated strong revenue growth over the past years, with a notable increase from 2023 to TTM (Trailing-Twelve-Months). The gross profit margin is robust at approximately 72.5% TTM, reflecting efficient cost management. However, the net profit margin has decreased slightly in TTM due to reduced net income, which indicates some challenges in maintaining net profitability.

Balance Sheet

The company maintains a healthy debt-to-equity ratio of approximately 0.29 in TTM, indicating a conservative leverage position. Return on equity is strong at approximately 35.6% TTM, showing effective utilization of equity capital. The equity ratio remains stable, reflecting a solid foundation of stockholders' equity relative to total assets.

Cash Flow

The operating cash flow to net income ratio is healthy at 1.14 in TTM, indicating strong cash generation relative to income. The free cash flow is positive, although it decreased from the previous year, suggesting a need for careful management of capital expenditures to sustain cash flow growth.

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	22.22B	23.52B	17.31B	17.00B	10.64B	5.05B
Net Income	11.19B	13.55B	10.20B	9.99B	5.98B	1.97B
Balance Sheet
Total Assets	76.82B	83.64B	70.34B	70.92B	65.83B	60.41B
Cash, Cash Equivalents and Short-Term Investments	16.26B	20.08B	13.87B	13.17B	8.77B	5.19B
Total Debt	21.23B	13.38B	12.25B	15.20B	13.78B	13.90B
Total Liabilities	32.69B	22.02B	18.75B	21.90B	20.06B	18.72B
Stockholders Equity	370.92B	54.21B	44.95B	41.62B	37.18B	33.67B
Cash Flow
Free Cash Flow	9.18B	11.17B	12.07B	10.68B	6.59B	-391.42M
Operating Cash Flow	14.97B	15.57B	13.45B	13.46B	10.26B	2.94B
Investing Cash Flow	-3.68B	-2.75B	-2.45B	-3.79B	-3.41B	-2.88B
Financing Cash Flow	-12.39B	-8.92B	-9.32B	-4.83B	-3.31B	-1.14B

Grupo Aeroportuario del Sureste Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 302.66
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 302.66 is below the 20-day moving average (MA) of 308.94, below the 50-day MA of 319.87, and above the 200-day MA of 290.64, indicating a neutral trend. The MACD of -4.33 indicates Negative momentum. The RSI at 47.58 is Neutral, neither overbought nor oversold. The STOCH value of 36.87 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 Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OMAB	―	$4.97B	18.26	53.28%	4.43%	-2.04%	-3.82%
ASR	―	$9.33B	16.25	24.69%	10.68%	8.70%	-21.15%
PAC	―	$10.91B	21.53	46.45%	5.64%	11.58%	1.15%
CAAP	―	$3.59B	24.89	10.46%	―	10.45%	-62.52%
Sector *	―	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Grupo Aeroportuario del Sureste Corporate Events

ASUR Reports 3Q25 Results and Announces Strategic U.S. Acquisition

On October 22, 2025, ASUR reported its third-quarter results for 2025, highlighting a 0.4% year-over-year increase in total passenger traffic. While passenger traffic decreased by 1.1% in Mexico, it rose by 3.1% in Colombia and 1.1% in Puerto Rico. The company also saw a 17.1% increase in revenues, although its consolidated EBITDA declined by 1.3%. ASUR announced a strategic acquisition of Unibail-Rodamco-Westfield’s airport retail concessions in major U.S. airports for $295 million, marking its entry into U.S. commercial airport operations. This acquisition is expected to close in the fourth quarter of 2025, subject to customary conditions.

ASUR Reports Mixed Passenger Traffic Results for September 2025

On October 6, 2025, Grupo Aeroportuario del Sureste reported a 1.4% year-over-year decrease in total passenger traffic for September 2025, amounting to 4.8 million passengers. The company experienced a 3.2% increase in Colombia and a 1.6% rise in Puerto Rico, while Mexico saw a 4.5% decline. The results highlight regional disparities, with international traffic in Colombia and Puerto Rico showing significant growth, contrasting with declines in Mexico, impacting ASUR’s operational dynamics and market positioning.

ASUR Reports Mixed Passenger Traffic Trends for August 2025

On September 8, 2025, Grupo Aeroportuario del Sureste announced a slight increase in total passenger traffic for August 2025, with a 0.6% rise compared to the previous year. The company reported a 4.6% increase in passenger traffic in Puerto Rico and a 2.7% increase in Colombia, while Mexico experienced a 1.6% decrease. These changes reflect varying trends in international and domestic travel across the regions, impacting ASUR’s operational dynamics and market positioning.

ASUR Reports July 2025 Passenger Traffic Growth

On August 5, 2025, Grupo Aeroportuario del Sureste announced that passenger traffic for July 2025 reached 6.5 million, marking a 1.5% increase compared to July 2024. The report highlighted a 3.5% increase in Colombia and a 2.0% increase in Mexico, while Puerto Rico saw a 1.9% decrease. The growth in Colombia was driven by a significant rise in international travel, whereas Mexico’s increase was more balanced between international and domestic travel. This data underscores ASUR’s continued growth in the Latin American market, although challenges remain in Puerto Rico.

ASUR Expands into U.S. Market with $295M Acquisition

On July 30, 2025, Grupo Aeroportuario del Sureste (ASUR) announced a strategic acquisition of URW Airports, LLC from Unibail-Rodamco-Westfield for $295 million. This acquisition marks ASUR’s expansion into the U.S. airport retail concessions market, covering key terminals at major airports such as JFK, LAX, and ORD. The transaction, expected to close in the second half of 2025, is funded through cash and secured debt financing, with ASUR’s subsidiary providing a parent guarantee.