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Grupo Aeroportuario del Sureste (ASR) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NYSE•Industrials•Airports & Air Services
B
GoodMetricSide Score: 63/100
ProfitabilityProfit30/30
GrowthGrowth14/25
Balance SheetBalance13/25
Cash QualityCash6/20
Price & Volume

Grupo Aeroportuario del Sureste, S. A. B. de C. V., together with its subsidiaries, holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates through Cancún, Aerostar, Airplan, Mérida, Villahermosa, Holding & Services, and Other segments. It operates the airports in Cozumel, Huatulco, Mérida, Minatitlán, Oaxaca, Tapachula, Veracruz, and Villahermosa; and offers aeronautical services, such as passenger, aircraft landing and parking, passenger walkways, and airport security. The company also provides non-aeronautical services, such as leasing of space at its airports to retailers, restaurants, airlines, and other commercial tenants; luggage check-in, sorting and handling, aircraft servicing and cleaning, cargo handling, aircraft catering services, and assistance with passenger boarding and deplaning; and open-air parking lots for commercial vehicle operators, including taxi, bus and other ground transport operators; and other commercial activities. In addition, the company operates various airports in Colombia, including the Enrique Olaya Herrera Airport in Medellín, the José María Córdova International Airport in Rionegro, the Los Garzones Airport in Montería, the Antonio Roldán Betancourt Airport in Carepa, the El Caraño Airport in Quibdó, and the Las Brujas Airport in Corozal; and holds a lease to operate, maintain, and develop the Luis Muñoz Marín International Airport in San Juan, Puerto Rico. Grupo Aeroportuario del Sureste, S. A. B. de C. V. was founded in 1996 and is headquartered in Mexico City, Mexico.

Moat Signals

Competitive analysis based on 81 quarters of fundamental data

Pricing Power

Moderate Moat

Operating margins are positive at ~50.2% on average, but show some variability — pricing power may be sensitive to market conditions.

Competitive Advantage

Strong Moat

Consistently high ROE averaging 27.0% suggests a durable competitive advantage and efficient capital allocation.

Cash Generation

Moderate Moat

6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.

Demand Durability

Strong Moat

TTM revenue has grown consistently (7 of 7 quarters up), with ~33.6% growth over the period. Strong demand durability.

Risk Signals

Data-driven red flags and warnings across 81 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 18.6% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.3x) — earnings may be inflated by non-cash items or aggressive accounting.

Leverage Risk

Watch

Debt-to-equity has risen 208.1% recently — increasing financial risk even if the current ratio is manageable.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Share count is stable — no significant dilution or buyback activity.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$37.47B
14.6%
Q. Revenue
$9.02B
TTM EBITDA
$18.53B
9.4%
TTM Op. Income
$16.67B
7.6%
Q. Op. Income
$4.77B
TTM Net Income
$9.83B
29.7%
Q. Net Income
$2.86B
EPS
N/A
Shares Out.
$30.00M
$37.47B in TTM revenue grew 14.6% YoY, reaching $9.02B last quarter. TTM EBITDA of $18.53B and TTM operating income of $16.67B shows growth is flowing through. Net income of $9.83B TTM confirms the company is converting revenue into profit. Revenue is growing at a healthy pace — a signal to hold.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
61.8%
Op. Margin
52.9%
8.8%
Net Margin
31.8%
20.6%
Op. margin of 52.9% is down 5.1% YoY — costs are rising relative to revenue. Net margin at 31.8%.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
1.0x
P/S Ratio
0.3x
P/B Ratio
0.2x
At 1.0x P/E, the stock trades below market averages — potentially undervalued. P/S of 0.3x and P/B of 0.2x provide additional context. Below-market P/E with growing revenue suggests a potential buying opportunity — the stock may be undervalued relative to its fundamentals.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$91.77B
Cash
$13.69B
Long-Term Debt
$26.73B
Book Value
$42.01B
D/E Ratio
0.6
Debt/EBITDA
4.8
With $91.77B in assets and $26.73B in long-term debt, the D/E of 0.6and book value of $42.01B — shows a conservative capital structure — the company has a strong financial cushion to weather downturns.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Free Cash Flow
$0
100.0%
FCF Margin
0.0%
FCF / Net Income
0.0
FCF of $0. The FCF / Net Income ratio of 0.0x indicates partial cash conversion — earnings quality needs attention.

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