Grupo Aeroportuario del Sureste (ASR) AI Stock Analysis

• Market Cap: $9.28B
• Dividend Yield: 12.86%
• Average Volume (3M): 75.78K
• Price to Earnings (P/E): 16.4
• Beta (1Y): 0.80
• 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: 62,258
• 30 Day Avg. Volume: 75,784
• 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: 1.12
• Enterprise Value/Revenue: 0.29
• Enterprise Value/Gross Profit: 0.41
• Enterprise Value/Ebitda: 0.46
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: $341.00 ▲(12.67% 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

Strategic Acquisition

This acquisition marks ASUR's entry into the U.S. market, expanding its international footprint and diversifying revenue streams, which is a significant long-term growth opportunity.

Revenue Growth

Sustained revenue growth in key regions like Puerto Rico and Colombia indicates strong market demand and effective operational strategies, supporting long-term financial health.

Strong Financial Position

A strong financial position with low leverage enhances ASUR's ability to invest in growth opportunities and weather economic fluctuations, ensuring long-term stability.

Negative Factors

Flat Passenger Traffic

Flat passenger traffic, particularly in Mexico, may limit revenue growth and indicate challenges in market expansion, impacting long-term performance.

Higher Operating Costs

Rising operating costs, especially in Colombia, could pressure margins and reduce profitability, challenging ASUR's ability to maintain cost efficiency.

Decline in EBITDA and Margin

A decline in EBITDA and margins indicates potential profitability challenges, which could affect ASUR's financial performance and investment capacity over time.

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 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: 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 303.05, below the 50-day MA of 310.82, and above the 200-day MA of 295.64, indicating a neutral trend. The MACD of -2.59 indicates Negative momentum. The RSI at 51.32 is Neutral, neither overbought nor oversold. The STOCH value of 59.96 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	77 Outperform	$4.98B	18.38	53.28%	4.22%	-2.04%	-3.82%
ASR	73 Outperform	$9.28B	16.36	24.69%	12.86%	8.70%	-21.15%
CAAP	72 Outperform	$3.72B	25.76	13.25%	―	10.45%	-62.52%
PAC	65 Neutral	$11.67B	23.06	46.45%	5.27%	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 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.

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.

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.