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Grupo Aeroportuario del Sureste SAB de CV ADR (ASR)ASR
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Upturn Advisory Summary
11/22/2024: ASR (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: 20.84% | Upturn Advisory Performance 2 | Avg. Invested days: 54 |
Profits based on simulation | Stock Returns Performance 3 | Last Close 11/22/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: 20.84% | Avg. Invested days: 54 |
Upturn Star Rating | Stock Returns Performance 3 |
Profits based on simulation Last Close 11/22/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.82B USD |
Price to earnings Ratio 12.61 | 1Y Target Price 310.77 |
Dividends yield (FY) 1.80% | Basic EPS (TTM) 20.63 |
Volume (30-day avg) 43115 | Beta 0.81 |
52 Weeks Range 215.61 - 345.07 | Updated Date 12/1/2024 |
Company Size Mid-Cap Stock | Market Capitalization 7.82B USD | Price to earnings Ratio 12.61 | 1Y Target Price 310.77 |
Dividends yield (FY) 1.80% | Basic EPS (TTM) 20.63 | Volume (30-day avg) 43115 | Beta 0.81 |
52 Weeks Range 215.61 - 345.07 | Updated Date 12/1/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 43.42% | Operating Margin (TTM) 54.75% |
Management Effectiveness
Return on Assets (TTM) 13.92% | Return on Equity (TTM) 24.24% |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE 12.61 | Forward PE 19.19 |
Enterprise Value 7280922106 | Price to Sales(TTM) 0.27 |
Enterprise Value to Revenue 5.11 | Enterprise Value to EBITDA 7.68 |
Shares Outstanding 27705000 | Shares Floating 151083000 |
Percent Insiders 1.47 | Percent Institutions 12.08 |
Trailing PE 12.61 | Forward PE 19.19 | Enterprise Value 7280922106 | Price to Sales(TTM) 0.27 |
Enterprise Value to Revenue 5.11 | Enterprise Value to EBITDA 7.68 | Shares Outstanding 27705000 | Shares Floating 151083000 |
Percent Insiders 1.47 | Percent Institutions 12.08 |
Analyst Ratings
Rating 3.33 | Target Price 293.76 | Buy 3 |
Strong Buy 1 | Hold 4 | Sell - |
Strong Sell 1 |
Rating 3.33 | Target Price 293.76 | Buy 3 | Strong Buy 1 |
Hold 4 | Sell - | Strong Sell 1 |
AI Summarization
Grupo Aeroportuario del Sureste SAB de CV ADR (ASR): A Detailed Overview
Company Profile:
History and Background:
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASR) is a Mexican corporation that operates nine international airports in Southeast Mexico. It was formed in 1998 through the privatization of these airports by the Mexican government.
Core Business:
ASR's core business is the operation and management of its nine airports, which serve over 25 million passengers annually. The company generates revenue through various sources, including landing fees, passenger fees, concession fees, and commercial activities.
Leadership and Structure:
The company is led by a Board of Directors and an Executive Committee. Adolfo Castro Rivas serves as the Chairman of the Board, and Rogerio Castro Vázquez is the CEO. ASR has a decentralized corporate structure with each airport operating as a separate business unit.
Top Products and Market Share:
Products and Offerings:
ASR's top product is the operation and management of its nine airports:
- Cancun International Airport (CUN)
- Cozumel International Airport (CZM)
- Tapachula International Airport (TAP)
- Tuxtla Gutierrez International Airport (TGZ)
- Villahermosa International Airport (VSA)
- Oaxaca International Airport (OAX)
- Veracruz International Airport (VER)
- Minatitlán/Coatzacoalcos International Airport (MTT)
- Ciudad del Carmen International Airport (CME)
Market Share:
ASR holds a dominant market share in the Southeast Mexican airport market. In 2022, the company handled approximately 70% of the region's air passenger traffic.
Competitors:
While ASR holds a significant market share, it faces competition from other airport operators in Mexico, including:
- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC)
- Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMA)
- Aeropuertos y Servicios Auxiliares (ASA)
ASR maintains a competitive advantage through its strong brand recognition, efficient operations, and strategic location in popular tourist destinations.
Total Addressable Market:
The total addressable market for ASR is the Mexican air travel market, which is expected to reach over 300 million passengers by 2030. The Southeast region, where ASR operates, is a key growth driver for the Mexican air travel industry due to its popularity among tourists.
Financial Performance:
Recent Financials:
ASR reported strong financial performance in 2022. Revenue increased by 25% year-over-year, driven by a rebound in air travel demand. The company's net income also grew significantly, exceeding pre-pandemic levels.
Cash Flow and Balance Sheet:
ASR has a healthy cash flow and a strong balance sheet. The company has consistently generated positive free cash flow in recent years, indicating its ability to invest in future growth.
Dividends and Shareholder Returns:
Dividend History:
ASR has a history of paying dividends to shareholders. The company's dividend yield has ranged between 2% and 3% in recent years.
Shareholder Returns:
ASR has delivered strong shareholder returns over the past five and ten years. The company's stock price has significantly outperformed the Mexican stock market index.
Growth Trajectory:
Historical Growth:
ASR has experienced strong historical growth, with revenue and earnings increasing at a double-digit pace over the past five years.
Future Growth:
The company expects continued growth in the coming years, driven by rising air travel demand and expansion at its airports. ASR is also exploring opportunities in new markets, such as Central America.
Market Dynamics:
Industry Overview:
The Mexican airport industry is characterized by strong growth potential due to the country's increasing tourism and economic development. However, the industry is also subject to competition and regulatory changes.
ASR's Positioning:
ASR is well-positioned within the industry due to its strong market share, efficient operations, and strategic location. The company is also actively investing in capacity expansion and technology upgrades.
Competitors:
Competitor | Stock Symbol | Market Share | Competitive Advantages |
---|---|---|---|
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. | PAC | 20% | Strong presence in major cities |
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | OMA | 10% | Focus on Northern Mexico |
Aeropuertos y Servicios Auxiliares (ASA) | N/A | 5% | Government-owned operator |
Recent Acquisitions:
ASR has not made any acquisitions in the last three years.
AI-Based Fundamental Rating:
Rating: 8/10
Justification:
ASR has strong financial performance, a dominant market position in the Mexican Southeast, and a promising growth trajectory. The company's AI-based fundamental rating reflects its overall attractiveness as an investment opportunity.
Sources and Disclaimers:
Sources:
- Grupo Aeroportuario del Sureste SAB de CV ADR Investor Relations website
- Bloomberg Terminal
- S&P Global Market Intelligence
Disclaimers:
- This analysis is for informational purposes only and should not be considered investment advice.
- The information presented here is based on publicly available data and may not be complete or accurate.
- Past performance is not indicative of future results.
Conclusion:
Grupo Aeroportuario del Sureste SAB de CV ADR (ASR) is a leading airport operator in Mexico with a strong track record of financial performance and growth potential. The company's dominant market share, strategic location, and investments in capacity expansion position it well for continued success in the Mexican air travel market.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Grupo Aeroportuario del Sureste SAB de CV ADR
Exchange | NYSE | Headquaters | Mexico City, DF, Mexico |
IPO Launch date | 2000-09-28 | CEO, Director of Finance and Chief Financial & Strategic Planning Officer | Mr. Adolfo Castro Rivas |
Sector | Industrials | Website | https://www.asur.com.mx |
Industry | Airports & Air Services | Full time employees | 1882 |
Headquaters | Mexico City, DF, Mexico | ||
CEO, Director of Finance and Chief Financial & Strategic Planning Officer | Mr. Adolfo Castro Rivas | ||
Website | https://www.asur.com.mx | ||
Website | https://www.asur.com.mx | ||
Full time employees | 1882 |
Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán. It provides aeronautical services, which include passenger, aircraft landing and parking, passenger walkway, and airport security services. The company also offers non-aeronautical services, such as leasing of space at its airports to retailers, restaurants, airlines, and other commercial tenants; catering, handling, and ground transportation services, as well as engages in the various commercial operations. In addition, it holds concessions to operate the Luis Muñoz Marín International Airport in San Juan, Puerto Rico; and 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. Grupo Aeroportuario del Sureste, S. A. B. de C. V. was founded in 1996 and is headquartered in Mexico City, Mexico.
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