(ASR) Grupo Aeroportuario del - Overview
Stock: Airport, Concession, Aeronautical, Non-Aeronautical, Cargo
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 18.65% |
| Yield on Cost 5y | 48.02% |
| Yield CAGR 5y | 95.04% |
| Payout Consistency | 78.7% |
| Payout Ratio | 3.6% |
| Risk 5d forecast | |
|---|---|
| Volatility | 29.7% |
| Relative Tail Risk | -7.73% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.68 |
| Alpha | 48.67 |
| Character TTM | |
|---|---|
| Beta | 0.592 |
| Beta Downside | 0.274 |
| Drawdowns 3y | |
|---|---|
| Max DD | 35.28% |
| CAGR/Max DD | 0.60 |
Description: ASR Grupo Aeroportuario del January 06, 2026
Grupo Aeroportuario del Sureste (ASR) is a Mexican airport-operator that holds concessions to run, maintain, and expand a network of airports in southeast Mexico-including Cancún, Mérida, and Villahermosa-and also manages several facilities in Colombia and a lease at San Juan, Puerto Rico. Its business is split across aeronautical services (passenger processing, aircraft landing and parking, security) and non-aeronautical revenue streams such as retail, food & beverage, parking, and cargo handling.
Key performance indicators from the latest FY2023 filing show total passenger traffic of ≈ 30 million, a 12 % year-over-year increase driven largely by a rebound in international tourism to Cancun. Same-store non-aeronautical revenue grew 8 % YoY, reflecting higher retail rents and a 15 % uplift in parking fees, while CAPEX for runway extensions and terminal upgrades was ≈ $210 million, indicating a continued focus on capacity expansion.
The sector’s outlook hinges on three macro drivers: (1) the trajectory of global travel demand post-COVID, (2) Mexican peso volatility affecting foreign-currency-denominated debt, and (3) government policy on airport concessions and infrastructure spending. Assuming a modest 5 % annual growth in passenger volumes and stable FX rates, ASR’s earnings yield could remain above the regional average, but a sustained peso depreciation would compress margins on imported equipment and services.
For a deeper dive into ASR’s valuation metrics and scenario analysis, you might find the ValueRay platform useful.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 11.19b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -6.45 > 1.0 |
| NWC/Revenue: 38.06% < 20% (prev 63.91%; Δ -25.85% < -1%) |
| CFO/TA 0.14 > 3% & CFO 10.69b > Net Income 11.19b |
| Net Debt (4.97b) to EBITDA (18.92b): 0.26 < 3 |
| Current Ratio: 2.69 > 1.5 & < 3 |
| Outstanding Shares: last quarter (54.9m) vs 12m ago 83.06% < -2% |
| Gross Margin: 71.37% > 18% (prev 0.67%; Δ 7069 % > 0.5%) |
| Asset Turnover: 45.46% > 50% (prev 37.22%; Δ 8.24% > 0%) |
| Interest Coverage Ratio: 65.44 > 6 (EBITDA TTM 18.92b / Interest Expense TTM 246.5m) |
Altman Z'' 4.23
| A: 0.17 (Total Current Assets 21.36b - Total Current Liabilities 7.93b) / Total Assets 76.82b |
| B: 0.25 (Retained Earnings 19.51b / Total Assets 76.82b) |
| C: 0.21 (EBIT TTM 16.13b / Avg Total Assets 77.63b) |
| D: 0.81 (Book Value of Equity 26.63b / Total Liabilities 32.69b) |
| Altman-Z'' Score: 4.23 = AA |
Beneish M -3.40
| DSRI: 0.39 (Receivables 1.61b/3.36b, Revenue 35.29b/29.19b) |
| GMI: 0.94 (GM 71.37% / 67.26%) |
| AQI: 1.04 (AQ_t 0.72 / AQ_t-1 0.69) |
| SGI: 1.21 (Revenue 35.29b / 29.19b) |
| TATA: 0.01 (NI 11.19b - CFO 10.69b) / TA 76.82b) |
| Beneish M-Score: -3.40 (Cap -4..+1) = AA |
What is the price of ASR shares?
Over the past week, the price has changed by +4.46%, over one month by +12.77%, over three months by +23.91% and over the past year by +60.94%.
Is ASR a buy, sell or hold?
- StrongBuy: 2
- Buy: 2
- Hold: 4
- Sell: 0
- StrongSell: 1
What are the forecasts/targets for the ASR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 348.4 | -4.6% |
| Analysts Target Price | 348.4 | -4.6% |
| ValueRay Target Price | 579.7 | 58.7% |
ASR Fundamental Data Overview February 04, 2026
P/E Trailing = 13.5525
P/E Forward = 15.3374
P/S = 0.2993
P/B = 3.2811
P/EG = 0.9243
Revenue TTM = 35.29b MXN
EBIT TTM = 16.13b MXN
EBITDA TTM = 18.92b MXN
Long Term Debt = 20.90b MXN (from longTermDebt, last quarter)
Short Term Debt = 334.1m MXN (from shortTermDebt, last quarter)
Debt = 21.23b MXN (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.97b MXN (from netDebt column, last quarter)
Enterprise Value = 194.91b MXN (184.30b + Debt 21.23b - CCE 10.63b)
Interest Coverage Ratio = 65.44 (Ebit TTM 16.13b / Interest Expense TTM 246.5m)
EV/FCF = 28.39x (Enterprise Value 194.91b / FCF TTM 6.86b)
FCF Yield = 3.52% (FCF TTM 6.86b / Enterprise Value 194.91b)
FCF Margin = 19.45% (FCF TTM 6.86b / Revenue TTM 35.29b)
Net Margin = 31.70% (Net Income TTM 11.19b / Revenue TTM 35.29b)
Gross Margin = 71.37% ((Revenue TTM 35.29b - Cost of Revenue TTM 10.10b) / Revenue TTM)
Gross Margin QoQ = 62.02% (prev 67.85%)
Tobins Q-Ratio = 2.54 (Enterprise Value 194.91b / Total Assets 76.82b)
Interest Expense / Debt = 0.06% (Interest Expense 11.7m / Debt 21.23b)
Taxrate = 31.35% (1.01b / 3.22b)
NOPAT = 11.08b (EBIT 16.13b * (1 - 31.35%))
Current Ratio = 2.69 (Total Current Assets 21.36b / Total Current Liabilities 7.93b)
Debt / Equity = 0.57 (Debt 21.23b / totalStockholderEquity, last quarter 37.09b)
Debt / EBITDA = 0.26 (Net Debt 4.97b / EBITDA 18.92b)
Debt / FCF = 0.72 (Net Debt 4.97b / FCF TTM 6.86b)
Total Stockholder Equity = 46.02b (last 4 quarters mean from totalStockholderEquity)
RoA = 14.41% (Net Income 11.19b / Total Assets 76.82b)
RoE = 24.31% (Net Income TTM 11.19b / Total Stockholder Equity 46.02b)
RoCE = 24.11% (EBIT 16.13b / Capital Employed (Equity 46.02b + L.T.Debt 20.90b))
RoIC = 16.39% (NOPAT 11.08b / Invested Capital 67.57b)
WACC = 7.27% (E(184.30b)/V(205.53b) * Re(8.10%) + D(21.23b)/V(205.53b) * Rd(0.06%) * (1-Tc(0.31)))
Discount Rate = 8.10% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 35.31%
[DCF Debug] Terminal Value 81.63% ; FCFF base≈8.95b ; Y1≈9.50b ; Y5≈11.33b
Fair Price DCF = 8131 (EV 230.23b - Net Debt 4.97b = Equity 225.26b / Shares 27.7m; r=7.27% [WACC]; 5y FCF grow 6.80% → 2.90% )
EPS Correlation: 69.40 | EPS CAGR: 23.04% | SUE: -2.40 | # QB: 0
Revenue Correlation: 85.24 | Revenue CAGR: 7.05% | SUE: -0.03 | # QB: 0
EPS next Quarter (2026-03-31): EPS=6.07 | Chg30d=-0.069 | Revisions Net=-1 | Analysts=2
EPS next Year (2026-12-31): EPS=22.07 | Chg30d=-0.383 | Revisions Net=-2 | Growth EPS=+14.3% | Growth Revenue=+14.8%