Overview Dividends

(ASR) Grupo Aeroportuario del - Ratings and Ratios

Exchange: NYSE • Country: Mexico • Currency: USD • Type: Common Stock • ISIN: US40051E2028

Airport, Concession, Terminal, Runway, Retail

Airport Services
Market Cap in USD: 9,285m
IPO / Inception: 2000-09-28
Return 12m vs S&P 500: 30.0%

Dividends

Dividend Yield 18.60%
Yield on Cost 5y 51.98%
Yield CAGR 5y 43.11%
Payout Consistency 77.8%
Payout Ratio 2.7%
Risk via 5d forecast
Volatility 29.8%
Value at Risk 5%th 45.5%
Relative Tail Risk -7.17%
Reward TTM
Sharpe Ratio 1.26
Alpha 34.04
CAGR/Max DD 0.60
Character TTM
Hurst Exponent 0.511
Beta 0.616
Beta Downside 0.317
Drawdowns 3y
Max DD 35.28%
Mean DD 10.77%
Median DD 8.17%

Description: ASR Grupo Aeroportuario del November 03, 2025

Grupo Aeroportuario del Sureste (ASR) is a Mexican airport-operator that holds concessions to run, maintain, and develop a network of airports in the southeast of Mexico-including Cancún, Cozumel, Mérida, and Villahermosa-as well as several facilities in Colombia and a lease for Luis Muñoz Marín International Airport in Puerto Rico. Its revenue streams are split between aeronautical services (landing fees, passenger-handling, parking) and non-aeronautical activities (retail leases, food-service, cargo handling, and ground-transport parking).

Key recent metrics: FY 2023 saw a 12% YoY increase in total passenger traffic to 27.4 million, driven largely by robust tourism recovery in the Caribbean corridor; non-aeronautical revenue grew 9% as retail concessions were renegotiated under longer-term contracts; and the company’s net debt-to-EBITDA ratio fell to 3.2× after a $250 million capex program focused on terminal expansions at Cancún and Mérida. Primary economic drivers include Mexican and Colombian tourism demand, exchange-rate movements that affect foreign-currency-denominated airline contracts, and the broader airline capacity outlook as carriers rebuild schedules post-COVID.

For a deeper, data-driven assessment of ASR’s valuation and scenario sensitivity, you may find the ValueRay platform a useful next step.

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (11.19b TTM) > 0 and > 6% of Revenue (6% = 2.12b TTM)
FCFTA 0.09 (>2.0%) and ΔFCFTA -6.45pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 38.06% (prev 63.91%; Δ -25.85pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.14 (>3.0%) and CFO 10.69b <= Net Income 11.19b (YES >=105%, WARN >=100%)
Net Debt (4.97b) to EBITDA (18.92b) ratio: 0.26 <= 3.0 (WARN <= 3.5)
Current Ratio 2.69 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (54.9m) change vs 12m ago 83.06% (target <= -2.0% for YES)
Gross Margin 71.37% (prev 67.26%; Δ 4.11pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 45.46% (prev 37.22%; Δ 8.24pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 65.44 (EBITDA TTM 18.92b / Interest Expense TTM 246.5m) >= 6 (WARN >= 3)

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 (Balance) 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
Total Rating: 4.23 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 85.76

1. Piotroski 6.0pt
2. FCF Yield 3.86%
3. FCF Margin 19.45%
4. Debt/Equity 0.57
5. Debt/Ebitda 0.26
6. ROIC - WACC (= 9.03)%
7. RoE 24.31%
8. Rev. Trend 85.24%
9. EPS Trend 69.40%

What is the price of ASR shares?

As of December 14, 2025, the stock is trading at USD 320.24 with a total of 14,921 shares traded.
Over the past week, the price has changed by +6.37%, over one month by +8.87%, over three months by +2.74% and over the past year by +48.44%.

Is ASR a buy, sell or hold?

Grupo Aeroportuario del has received a consensus analysts rating of 3.44. Therefor, it is recommend to hold ASR.
  • Strong Buy: 2
  • Buy: 2
  • Hold: 4
  • Sell: 0
  • Strong Sell: 1

What are the forecasts/targets for the ASR price?

Issuer Target Up/Down from current
Wallstreet Target Price 340.5 6.3%
Analysts Target Price 340.5 6.3%
ValueRay Target Price 483.7 51%

ASR Fundamental Data Overview December 12, 2025

Market Cap MXN = 167.18b (9.29b USD * 18.005 USD.MXN)
P/E Trailing = 12.4093
P/E Forward = 14.4509
P/S = 0.2631
P/B = 3.1108
P/EG = 0.8705
Beta = 0.426
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 = 177.78b MXN (167.18b + Debt 21.23b - CCE 10.63b)
Interest Coverage Ratio = 65.44 (Ebit TTM 16.13b / Interest Expense TTM 246.5m)
FCF Yield = 3.86% (FCF TTM 6.86b / Enterprise Value 177.78b)
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 = 2.31 (Enterprise Value 177.78b / 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 = 14.56% (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 = 7.36% (E(167.18b)/V(188.41b) * Re(8.29%) + D(21.23b)/V(188.41b) * Rd(0.06%) * (1-Tc(0.31)))
Discount Rate = 8.29% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 35.31%
[DCF Debug] Terminal Value 78.28% ; FCFE base≈8.95b ; Y1≈9.50b ; Y5≈11.35b
Fair Price DCF = 6845 (DCF Value 189.65b / Shares Outstanding 27.7m; 5y FCF grow 6.80% → 3.0% )
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=6.14 | Chg30d=-0.246 | Revisions Net=+0 | Analysts=2
EPS next Year (2026-12-31): EPS=22.46 | Chg30d=-1.005 | Revisions Net=-3 | Growth EPS=+18.4% | Growth Revenue=+12.5%

Additional Sources for ASR Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle