Want to see ASR full AI Analyst Report?
Top Page
Grupo Aeroportuario del Sureste
(NYSE:ASR)
Select Model
Select Model
Rating:71Outperform
Price Target:
$274.00
▲(5.36% Upside)
Action:Upgraded
Date:10/24/26
ASR scores well primarily on strong underlying profitability and cash generation, supported by attractive valuation (moderate P/E and high dividend yield). The score is held back by the materially higher leverage profile and cautious near-term operating outlook from the earnings call, while technicals indicate only a partial recovery rather than a clear long-term uptrend.
Positive Factors
Geographic Diversification
The expanded network materially reduces reliance on any single airport or national market and broadens exposure to multiple passenger and commercial revenue pools. Greater geographic scale can support more resilient traffic, operating expertise, and long-term growth as recently acquired concessions are integrated.
Negative Factors
Higher Leverage
The acquisition-led increase in leverage materially raises financial risk compared with prior periods and makes future cash allocation more consequential. Higher debt can absorb a larger share of operating resources, constrain flexibility during traffic weakness, and increase the execution burden of integrating the expanded portfolio.
Read all positive and negative factors
Positive Factors
Negative Factors
Geographic Diversification
The expanded network materially reduces reliance on any single airport or national market and broadens exposure to multiple passenger and commercial revenue pools. Greater geographic scale can support more resilient traffic, operating expertise, and long-term growth as recently acquired concessions are integrated.
Read all positive factors
Grupo Aeroportuario del Sureste (ASR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.47B
Dividend Yield8.85%
Average Volume (3M)77.15K
Price to Earnings (P/E)14.0
Beta (1Y)0.39
Revenue Growth25.70%
EPS Growth>-0.01%
CountryUS
Employees1,950
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)333.80
Shares Outstanding27,705,000
10 Day Avg. Volume78,319
30 Day Avg. Volume77,154
Financial Highlights & Ratios
PEG Ratio-0.74
Price to Book (P/B)4.42
Price to Sales (P/S)4.69
P/FCF Ratio34.60
Enterprise Value/Market Cap1.49
Enterprise Value/Revenue0.28
Enterprise Value/Gross Profit0.63
Enterprise Value/Ebitda0.57
Forecast
1Y Price Target
$314.50Price Target Upside20.94% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)19.71
Revenue Forecast (FY)$2.13B
Grupo Aeroportuario del Sureste Business Overview & Revenue Model
Company Description
Grupo Aeroportuario del Sureste, S. A. B. de C. V., frequently known as ASUR, holds significant agreements for the management, upkeep, and future expansion of numerous airports located in Mexico's southeastern territory. This includes overseeing n...
How the Company Makes Money
ASR makes money primarily by earning fees and charges tied to airport operations and by monetizing commercial activity within airport premises.
1) Aeronautical revenue (airline- and flight-related):
- Passenger-related charges: A significant port...
Grupo Aeroportuario del Sureste Earnings Call Summary
Earnings Call Date:Oct 22, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Feb 25, 2027
Earnings Call Sentiment Positive
The call was broadly constructive, with ASUR highlighting major portfolio diversification, strong revenue growth, increased consolidated EBITDA, new commercial opportunities, renewable energy progress, debt refinancing, and a large investment program. However, the company continues to face meaningful challenges from weaker Mexican and Puerto Rican traffic, a cautious international winter outlook, lower adjusted margins, higher leverage following acquisitions, and upcoming operating cost pressures in Mexico.Positive Updates
CPC Aeroportos Acquisition Expanded ASUR’s Portfolio
ASUR completed the acquisition of CPC Aeroportos from Motiva on September 1, adding 20 airports, including 17 in Brazil and one each in Ecuador, Costa Rica, and Curaçao. The final purchase price was BRL 5.5 billion, or approximately $992 million, after customary closing adjustments.
Negative Updates
Total Passenger Traffic Declined
Total traffic decreased 1.2% to 20.9 million passengers, including one month of contribution from Brazil and Others. Lower traffic in Mexico and Puerto Rico was only partially offset by growth in Colombia and the acquired portfolio.
Read all updates
Q3-2026 Updates
Positive
Negative
CPC Aeroportos Acquisition Expanded ASUR’s Portfolio
ASUR completed the acquisition of CPC Aeroportos from Motiva on September 1, adding 20 airports, including 17 in Brazil and one each in Ecuador, Costa Rica, and Curaçao. The final purchase price was BRL 5.5 billion, or approximately $992 million, after customary closing adjustments.
Read all positive updates
Company Guidance
ASUR said it does not see any near-term improvement and remains cautious of the pace of recovery; airlines scheduled for the winter season indicate only more seat capacity for December than a year ago. Terminal 1 is expected to open toward the end of the first quarter next year, Terminal 4 at Cancún is expected to be operational at year-end 2028, and additional solar panels are expected to become operational in 2027 and could generate an additional 8 million kilowatt hours of renewable energy annually. Next year, ASUR expects to invest close to MXN 6 billion in Mexico, MXN 1.8 billion in Costa Rica, MXN 1.7 billion in Puerto Rico, MXN 1.5 billion in Brazil, MXN 414 million in our U.S. commercial operation, MXN 230 million in Colombia, and MXN 213 million in Curaçao, for a total of MXN 11 billion, funded with resources generated by the operation of the region, except for Puerto Rico; it does not expect any more leverage next year. Brazil CapEx next year is almost the same as 2028, almost the same as 2027, and then it reduces; runway refurbishing in Brazil and the first phase of the terminal expansion at San José Airport are expected to be completed in 2027, and a second runway at Curitiba Airport is expected to be completed in 2029. The U.S. margin, reported at 11%, will increase, while the Tulum airport is expected to reach 700,000 passengers this year and be around 700,000, 800,000 passengers next year.Grupo Aeroportuario del Sureste Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
58
Neutral
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.88B | 37.24B | 31.33B | 25.82B | 25.31B | 18.78B |
| Gross Profit | 17.85B | 20.60B | 20.16B | 15.56B | 18.77B | 12.26B |
| EBITDA | 19.66B | 18.22B | 23.52B | 17.82B | 17.00B | 10.96B |
| Net Income | 10.01B | 10.49B | 13.55B | 10.20B | 9.99B | 5.98B |
Balance Sheet | ||||||
| Total Assets | 150.91B | 88.14B | 83.64B | 70.34B | 70.92B | 65.83B |
| Cash, Cash Equivalents and Short-Term Investments | 20.61B | 11.12B | 20.08B | 13.87B | 13.17B | 8.77B |
| Total Debt | 88.39B | 34.01B | 13.38B | 12.25B | 15.20B | 13.78B |
| Total Liabilities | 98.50B | 41.73B | 22.02B | 18.75B | 21.90B | 20.06B |
| Stockholders Equity | 45.49B | 39.51B | 54.21B | 44.95B | 41.62B | 37.18B |
Cash Flow | ||||||
| Free Cash Flow | 11.03B | 5.05B | 11.17B | 12.07B | 10.68B | 6.59B |
| Operating Cash Flow | 17.42B | 12.86B | 15.57B | 13.45B | 13.46B | 10.26B |
| Investing Cash Flow | -31.11B | -10.46B | -2.75B | -2.45B | -3.79B | -3.41B |
| Financing Cash Flow | 16.07B | -10.28B | -8.92B | -9.32B | -4.83B | -3.31B |
Grupo Aeroportuario del Sureste Technical Analysis
Neutral
260.05
Price Trends
247.15
Positive
265.86
Negative
296.22
Negative
Market Momentum
1.12
Negative
55.55
Neutral
76.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASR, the sentiment is Neutral. The current price of 260.05 is above the 20-day moving average (MA) of 239.50, above the 50-day MA of 247.15, and below the 200-day MA of 296.22, indicating a neutral trend. The MACD of 1.12 indicates Negative momentum. The RSI at 55.55 is Neutral, neither overbought nor oversold. The STOCH value of 76.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $4.79B | 16.49 | 50.53% | 5.44% | 13.97% | 14.66% | |
72 Outperform | $13.34B | 16.94 | 32.98% | 3.83% | 16.80% | 17.58% | |
71 Outperform | $7.47B | 13.98 | 23.73% | 8.85% | 25.70% | >-0.01% | |
71 Outperform | $3.82B | 13.77 | 16.62% | 3.94% | 16.22% | 102.59% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | $2.13B | -6.07 | 42.95% | ― | 9.55% | -83.46% | |
48 Neutral | $703.07M | -3.76 | -93.84% | ― | 9.97% | -472.97% |
* Industrials Sector Average
ASR
Grupo Aeroportuario del Sureste
249.15
-44.86
-15.26%
OMAB
Grupo Aeroportuario Del Centro
99.06
-1.43
-1.42%
PAC
Grupo Aeroportuario del Pacifico
224.01
8.53
3.96%
VLRS
Controladora Vuela Compania de Aviacion SAB de CV
6.10
-0.80
-11.59%
CAAP
Corporacion America Airports SA
23.41
2.31
10.93%
AERO
Grupo Aeromexico, S.A.B. de C.V. Unsponsored ADR
14.59
-5.76
-28.30%
Grupo Aeroportuario del Sureste Corporate Events
ASUR’s 3Q26 Results Highlight Growth from U.S. and Brazil Acquisitions Amid Traffic Decline
Oct 22, 2026
On October 22, 2026, ASUR reported third-quarter 2026 results showing a 1.2% year-on-year decline in total passenger traffic, driven by weaker volumes in Mexico and Puerto Rico, partly offset by growth in Colombia and the newly consolidated Brazil...
ASUR’s Cancún Unit Prices US$1.8 Billion Dual-Tranche Notes to Refinance Acquisition Bridges
Oct 8, 2026
On October 8, 2026, ASUR announced that its subsidiary Aeropuerto de Cancún completed a dual-tranche offering of senior notes totaling U.S.$1.8 billion, comprising U.S.$900 million notes due 2031 at 6.711% and U.S.$900 million notes due 2036 ...
ASUR’s September 2026 Traffic Flat as International Volumes Softene
Oct 7, 2026
ASUR reported that total passenger traffic across its network in September 2026 was essentially flat year-on-year at 8.6 million travelers, reflecting mixed regional trends. The figures include the first full month of operations in Brazil, Costa R...
Grupo Aeroportuario del Sureste Boosts Latin American Footprint With CPC Aeroportos Acquisition
Sep 28, 2026
On September 1, 2026, ASUR completed the acquisition of 100% of Brazil-based Companhia de Participações em Concessões (CPC Aeroportos) through its Cancún Airport subsidiary, expanding its portfolio of international airport conc...
ASUR Posts Mixed August Traffic Ahead of Motiva Airports Acquisition
Sep 8, 2026
In August 2026, ASUR handled 5.9 million passengers across its Mexico, Puerto Rico and Colombia airports, a 2.1% decline versus August 2025 as international volumes fell 10.7% despite 2.3% growth in domestic traffic. Mexico and Puerto Rico posted ...
Grupo Aeroportuario del Sureste Closes R$5.1 Billion Acquisition of Motiva Airport Assets in Latin America and the Caribbean
Sep 1, 2026
Grupo Aeroportuario del Sureste (ASUR) is a major Latin American airport operator with concessions over 16 airports in Mexico, Colombia and Puerto Rico, and an expanding airport commercial services business at key U.S. hubs such as Los Angeles, Ch...
ASUR Shareholders Approve Merger, Bylaw Changes and Extraordinary Dividends at August 20 Meeting
Aug 20, 2026
On August 20, 2026, ASUR held an Ordinary and Extraordinary General Shareholders’ Meeting in Mexico City, where investors approved amendments to the company’s bylaws to reflect the current regulatory and temporal context. The meeting a...
ASUR Reports Mixed July 2026 Passenger Trends as International Traffic Softens
Aug 5, 2026
On August 5, 2026, ASUR reported that total passenger traffic across its network reached 6.4 million travelers in July 2026, down 1.9% from July 2025, with year‑to‑date volumes slipping 0.6%. The data show diverging trends, as Colombia...
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.