Grupo Aeroportuario del Sureste (ASR) AI Stock Analysis

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Grupo Aeroportuario del Sureste

(NYSE:ASR)

78Outperform

ASUR's strong financial performance, highlighted by revenue and profitability growth, forms the backbone of its stock score. Technical indicators show positive momentum, although caution is warranted due to potential overbought conditions. Valuation metrics suggest the stock is attractively priced, and the earnings call highlights continued strong performance in key regions despite challenges in Mexico. These factors collectively contribute to a solid overall stock score.

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

Market Cap

$9.40B

Dividend Yield1.83%

Average Volume (3M)62.70K

Price to Earnings (P/E)12.8

Beta (1Y)0.91

Revenue Growth9.99%

EPS Growth17.81%

CountryUS

Employees1,936

SectorIndustrials

Sector Strength78

IndustryAirlines, Airports & Air Services

Share Statistics

EPS (TTM)24.46

Shares Outstanding27,705,000

10 Day Avg. Volume65,408

30 Day Avg. Volume62,700

Financial Highlights & Ratios

PEG Ratio0.72

Price to Book (P/B)N/A

Price to Sales (P/S)0.00

Price to Cash Flow (P/CF)0.00

P/FCF Ratio0.00

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

$310.00

Price Target Upside-1.36% Downside

Rating ConsensusHold

Number of Analyst Covering1

Grupo Aeroportuario del Sureste Business Overview & Revenue Model

Company DescriptionGrupo Aeroportuario del Sureste (ASR) is a leading international airport operator headquartered in Mexico. It operates, maintains, and develops airport infrastructure in key locations across Mexico, as well as in Puerto Rico and Colombia. The company's portfolio includes management of some of the busiest airports in these regions, with a focus on providing quality services to passengers and airlines. ASR is dedicated to enhancing the travel experience through efficient airport operations and strategic expansions.

How the Company Makes MoneyGrupo Aeroportuario del Sureste (ASR) generates revenue through a combination of aeronautical and non-aeronautical services. Aeronautical revenues include fees charged to airlines for the use of airport facilities, such as landing, takeoff, and parking fees. Non-aeronautical revenues are derived from commercial activities within the airports, including retail concessions, car parking, advertising, and leasing of airport space. The company also benefits from long-term concessions granted by the government, allowing it to manage and enhance the airport infrastructure. Strategic partnerships with airlines and commercial entities further contribute to its financial performance, enhancing service offerings and driving passenger traffic.

Grupo Aeroportuario del Sureste Financial Statement Overview

Summary

Grupo Aeroportuario del Sureste demonstrates strong financial performance with notable revenue and profitability growth. The balance sheet is stable with low leverage, and while there was a slight decline in free cash flow, cash flow metrics remain healthy.

Income Statement

Very Positive

The company has shown a strong revenue growth rate of 21.33% from 2023 to 2024. Gross profit margin is solid at 64.37%, indicating efficient cost management. Net profit margin also improved significantly to 43.25%, reflecting enhanced profitability. EBIT margin is robust at 55.92%, and EBITDA margin at 63.35%, both suggesting strong operational performance.

Balance Sheet

Positive

The debt-to-equity ratio is stable at 0.25, indicating conservative leverage. Return on equity is strong at 25.00%, reflecting good profitability from shareholder investments. The equity ratio is solid at 64.47%, showing a healthy balance between equity and total assets. Overall, the balance sheet portrays financial stability.

Cash Flow

Positive

Free cash flow growth was slightly negative at -7.48%, indicating potential short-term cash flow challenges. However, the operating cash flow to net income ratio is 1.15, showing strong cash generation relative to net income. The free cash flow to net income ratio is also favorable at 0.82, suggesting efficient cash utilization.

Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Breakdown
Income Statement		Total Revenue
31.33B	25.82B	25.31B	18.78B	12.62B
	Gross Profit
20.16B	15.56B	18.77B	12.26B	6.00B
	EBIT
17.52B	15.24B	14.70B	8.66B	3.28B
	EBITDA
19.84B	17.31B	17.00B	10.64B	5.05B
	Net Income Common Stockholders
13.55B	10.20B	9.99B	5.98B	1.97B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
20.08B	13.87B	13.17B	8.77B	5.19B
	Total Assets
84.11B	70.34B	70.92B	65.83B	60.41B
	Total Debt
13.38B	12.25B	15.20B	13.78B	13.90B
	Net Debt
-6.70B	-1.63B	2.03B	5.01B	8.71B
	Total Liabilities
22.50B	18.75B	21.90B	20.06B	18.72B
	Stockholders Equity
54.21B	44.95B	41.62B	37.18B	33.67B
Cash Flow		Free Cash Flow
11.17B	12.07B	10.68B	6.59B	-391.42M
	Operating Cash Flow
15.57B	13.45B	13.46B	10.26B	2.94B
	Investing Cash Flow
-3.06B	-2.45B	-3.79B	-3.41B	-2.88B
	Financing Cash Flow
-8.61B	-9.32B	-4.83B	-3.31B	-1.14B

Grupo Aeroportuario del Sureste Technical Analysis

Technical Analysis Sentiment

Positive

Last Price314.27

Price Trends

50DMA

280.54

Positive

100DMA

275.45

Positive

200DMA

276.29

Positive

Market Momentum

MACD

11.04

Negative

RSI

65.84

Neutral

STOCH

81.70

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 314.27 is above the 20-day moving average (MA) of 289.42, above the 50-day MA of 280.54, and above the 200-day MA of 276.29, indicating a bullish trend. The MACD of 11.04 indicates Negative momentum. The RSI at 65.84 is Neutral, neither overbought nor oversold. The STOCH value of 81.70 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 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	$4.27B	15.86	44.27%	4.67%	-10.13%	-6.82%
ASR	78 Outperform	$9.40B	12.85	25.76%	1.83%	9.99%	17.81%
CAAP	72 Outperform	$3.09B	12.11	24.39%	―	8.85%	-8.41%
PAC	70 Outperform	$10.39B	21.89	42.32%	3.46%	-2.03%	-11.39%
Sector *	64 Neutral	$4.28B	11.80	5.30%	250.74%	4.12%	-9.02%

* Industrials Sector Average

Performance Comparison

ASR

Grupo Aeroportuario del Sureste

314.27

-15.41

-4.67%

OMAB

Grupo Aeroportuario Del Centro

88.42

6.44

7.86%

PAC

Grupo Aeroportuario del Pacifico

203.53

27.00

15.29%

CAAP

Corporacion America Airports SA

19.52

2.20

12.70%

Grupo Aeroportuario del Sureste Earnings Call Summary

Earnings Call Date:Apr 22, 2025

(Q1-2025)

% Change Since: 9.12%|

Next Earnings Date:Jul 28, 2025

Earnings Call Sentiment Neutral

ASUR demonstrated strong revenue growth and a solid financial position, with particularly strong performance in Puerto Rico and Colombia. However, challenges such as traffic declines in Mexico, increased operational costs, and competition from Tulum Airport impacted overall performance.

Q1-2025 Updates

Positive Updates

Strong Revenue Growth

Total revenues increased by 14% year-on-year to MXN8.2 billion, with significant contributions from all operations. Puerto Rico and Colombia showed high growth, while Mexico had a high single-digit increase.

Positive Commercial Revenue Trends

The company opened 40 new commercial spaces, contributing to a high single-digit growth in commercial revenues. Puerto Rico posted a 23% increase and Colombia a 38% increase.

Solid Financial Position

ASUR reported a 35% year-on-year increase in cash and cash equivalents, totaling nearly MXN23 billion, with a net debt to EBITDA ratio of negative 0.5 times.

Record Passenger Growth in Puerto Rico

Puerto Rico experienced nearly 11% passenger growth, with international traffic in the high teens and domestic traffic in the low double-digits.

Increased EBITDA

Consolidated EBITDA rose 12% year-on-year to MXN5.7 billion, despite increased costs, with Puerto Rico and Colombia showing double-digit EBITDA growth.

Negative Updates

Traffic Decline in Mexico

Passenger traffic in Mexico declined nearly 5% due to Easter shift and competition from Tulum Airport, particularly impacting Cancun, with international traffic declining in high single-digits.

Increased Operating Costs

Total expenses rose 18% year-on-year, with significant cost increases in Mexico, Puerto Rico, and Colombia due to depreciation of the Mexican peso and increased wage costs.

Impact of Tulum Airport on Cancun

Traffic in Cancun was affected by the new Tulum Airport, which is expected to handle 2.9 million passengers this year, diverting traffic from Cancun.

Company Guidance

During the first quarter of 2025, ASUR reported welcoming 18.6 million passengers across its operations, with traffic largely flat compared to the previous year. Puerto Rico showed the strongest growth, with an 11% increase in passenger traffic, driven by high teens growth in international traffic and low double-digit domestic traffic growth. Colombia followed with a 6% rise in traffic, supported by mid-teens growth in international traffic. However, Mexico experienced a nearly 5% decline in passenger traffic, affected by a high single-digit decrease in international passengers, despite improved domestic market trends. The company's total revenue increased by 14% year-over-year to MXN8.2 billion, with commercial revenues per passenger reaching MXN147, reflecting robust growth across all regions. EBITDA rose 12% to MXN5.7 billion, with an adjusted EBITDA margin of 70%. ASUR maintained a strong balance sheet with nearly MXN23 billion in cash and cash equivalents and a net debt-to-EBITDA ratio of negative 0.5 times. The company invested MXN645 million in capital expenditures during the quarter, focusing on modernization and expansion projects at its Mexican airports. Looking ahead, ASUR anticipates traffic in Mexico to stabilize in 2026 as operational constraints ease and expects passenger volumes at Cancun and Tulum airports to grow in alignment with regional dynamics.

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.