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Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR) 10-Year Financial Performance & Capital Metrics

ASR • • Industrial / General
IndustrialsAirlines & AirportsAirport OperatorsMexican Airport Operators
AboutGrupo 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 nine airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlan. 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. In addition, it operates the Luis Muñoz Marín International Airport in San Juan, Puerto Rico; and holds concessions to operate the various airports in Colombia, including the Enrique Olaya Herrera Airport in Medellín and 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. The company was incorporated in 1998 and is headquartered in Mexico City, Mexico.Show more
  • Revenue $31.33B +21.3%
  • EBITDA $19.84B +14.6%
  • Net Income $13.55B +32.8%
  • EPS (Diluted) 451.70 +32.8%
  • Gross Margin 64.35% +6.8%
  • EBITDA Margin 63.33% -5.5%
  • Operating Margin 55.92% -5.3%
  • Net Margin 43.25% +9.4%
  • ROE 23.94% +18.0%
  • ROIC 25.06% +10.7%
  • Debt/Equity 0.22 -8.5%
  • Interest Coverage 21.19 +56.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 21.8%
  • ✓Strong 5Y profit CAGR of 19.9%
  • ✓Strong Piotroski F-Score: 9/9
  • ✓FCF machine: 35.7% free cash flow margin
  • ✓Strong 5Y sales CAGR of 13.2%
  • ✓Healthy 5Y average net margin of 33.9%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y18.21%
5Y13.25%
3Y18.59%
TTM20.9%

Profit (Net Income) CAGR

10Y19.49%
5Y19.91%
3Y31.32%
TTM-11.74%

EPS CAGR

10Y19.49%
5Y19.91%
3Y31.31%
TTM-11.72%

ROCE

10Y Avg15.96%
5Y Avg18.22%
3Y Avg23.61%
Latest24.46%

Peer Comparison

Mexican Airport Operators
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
PACGrupo Aeroportuario del Pacífico, S.A.B. de C.V.11.05B257.231.46-19.39%30.61%6.07%79.92%1.95
OMABGrupo Aeroportuario del Centro Norte, S.A.B. de C.V.4.48B106.481.044.26%33.27%51.97%100%1.09
ASRGrupo Aeroportuario del Sureste, S. A. B. de C. V.8.8B317.490.7021.34%31.7%464.67%100%0.22

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+8.99B9.75B12.51B15.41B16.82B12.62B18.78B25.31B25.82B31.33B
Revenue Growth %0.53%0.08%0.28%0.23%0.09%-0.25%0.49%0.35%0.02%0.21%
Cost of Goods Sold+4.72B3.45B4.13B4.48B5.06B6.63B6.53B6.55B10.26B11.17B
COGS % of Revenue0.53%0.35%0.33%0.29%0.3%0.52%0.35%0.26%0.4%0.36%
Gross Profit+4.27B6.3B8.38B10.93B11.76B6B12.26B18.77B15.56B20.16B
Gross Margin %0.47%0.65%0.67%0.71%0.7%0.48%0.65%0.74%0.6%0.64%
Gross Profit Growth %0.01%0.48%0.33%0.3%0.08%-0.49%1.04%0.53%-0.17%0.3%
Operating Expenses+196.99M1.37B6.9B3.15B3.28B2.72B3.6B4.07B319.2M2.64B
OpEx % of Revenue0.02%0.14%0.55%0.2%0.19%0.22%0.19%0.16%0.01%0.08%
Selling, General & Admin196.99M837.89M1.02B1.53B1.65B947.01M1.61B287.06M319.2M319.64M
SG&A % of Revenue0.02%0.09%0.08%0.1%0.1%0.08%0.09%0.01%0.01%0.01%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses000-134.64M1.63B1.78B1.99B3.78B02.32B
Operating Income+4.07B4.93B1.48B7.78B8.48B3.28B8.66B14.7B15.24B17.52B
Operating Margin %0.45%0.51%0.12%0.5%0.5%0.26%0.46%0.58%0.59%0.56%
Operating Income Growth %0.29%0.21%-0.7%4.27%0.09%-0.61%1.64%0.7%0.04%0.15%
EBITDA+4.54B5.46B7.36B9.54B10.32B5.21B10.65B16.76B17.31B19.84B
EBITDA Margin %0.5%0.56%0.59%0.62%0.61%0.41%0.57%0.66%0.67%0.63%
EBITDA Growth %0.26%0.2%0.35%0.3%0.08%-0.49%1.04%0.57%0.03%0.15%
D&A (Non-Cash Add-back)469M529.66M5.89B1.76B1.84B1.93B1.99B2.06B2.07B2.32B
EBIT4.11B5.16B9.01B8.15B8.75B3.12B8.66B14.94B15.75B21.2B
Net Interest Income+58.7M58.38M-373.04M-950.03M-740.68M-663.94M-640.24M-405.26M223.46M788.36M
Interest Income155.72M184.57M245.79M280.62M343.61M262.37M202.15M450.26M1.35B1.62B
Interest Expense97.02M126.19M618.83M1.23B1.08B926.31M842.39M855.52M1.13B826.71M
Other Income/Expense-59.04M98.78M6.91B-862.27M-819.56M-420.48M-531.64M-613.42M-623.44M2.85B
Pretax Income+4.01B5.03B8.39B6.92B7.66B2.86B8.13B14.08B14.62B20.37B
Pretax Margin %0.45%0.52%0.67%0.45%0.46%0.23%0.43%0.56%0.57%0.65%
Income Tax+1.1B1.4B1.64B1.8B1.98B729.15M1.73B3.44B3.94B6.34B
Effective Tax Rate %0.73%0.72%0.7%0.72%0.71%0.69%0.74%0.71%0.7%0.67%
Net Income+2.91B3.63B5.83B4.99B5.47B1.97B5.98B9.99B10.2B13.55B
Net Margin %0.32%0.37%0.47%0.32%0.32%0.16%0.32%0.39%0.4%0.43%
Net Income Growth %0.28%0.25%0.61%-0.15%0.1%-0.64%2.03%0.67%0.02%0.33%
Net Income (Continuing)2.91B3.63B6.75B5.12B5.68B2.13B6.4B10.65B10.68B14.03B
Discontinued Operations0000000000
Minority Interest006.58B7.58B7.61B8.03B8.59B7.39B6.65B7.4B
EPS (Diluted)+97.10121.00194.50166.30182.2065.70199.50332.90340.10451.70
EPS Growth %0.28%0.25%0.61%-0.14%0.1%-0.64%2.04%0.67%0.02%0.33%
EPS (Basic)97.10121.00194.50166.30182.2065.70199.50332.90340.10451.70
Diluted Shares Outstanding30.01M29.99M30M30M30M30M30M30M30M30M
Basic Shares Outstanding30.01M29.99M30M30M30M30M30M30M30M30M
Dividend Payout Ratio0.53%0.46%0.32%0.41%0.55%-0.41%0.45%0.59%0.46%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+2.99B4.23B5.57B6B7.85B7.72B11.55B18.08B18.73B25.66B
Cash & Short-Term Investments2.08B3.5B4.46B4.58B6.19B5.19B8.77B13.17B13.87B20.08B
Cash Only2.08B3.5B4.46B4.58B6.19B5.19B8.77B13.17B13.87B20.08B
Short-Term Investments0000000000
Accounts Receivable419.62M464.87M685.5M793.11M1B1.36B1.88B2.54B2.32B3.12B
Days Sales Outstanding17.0317.419.9918.7921.7839.2736.536.6532.7636.38
Inventory22.56M24.39M50.24M48.7M49.67M34.02M57.1M64.72M60.36M58.22M
Days Inventory Outstanding1.742.584.443.973.581.873.193.612.151.9
Other Current Assets459.2M246.12M374.67M574.59M599.72M1.13B956.7M2.3B2.48B2.39B
Total Non-Current Assets+23.14B24.98B50B50.18B49.67B52.7B54.28B52.84B51.61B57.98B
Property, Plant & Equipment321.91M323.1M473.24M558.48M520.62M504.38M184.59M171M184.02M268.45M
Fixed Asset Turnover27.94x30.19x26.44x27.59x32.31x25.03x101.76x148.03x140.32x116.72x
Goodwill003.01B2.57B2.57B2.57B2.6B2.47B2.15B2.62B
Intangible Assets19.02B20.28B46.52B47.02B46.56B49.61B51.37B50.19B46.95B51.86B
Long-Term Investments1.94B2.49B0008.47M10.69M10.27M296.2M1.83B
Other Non-Current Assets1.85B1.89B036.11M23.36M431.81M108.79M378.1M2.03B1.41B
Total Assets+26.13B29.22B55.57B56.18B57.52B60.41B65.83B70.92B70.34B83.64B
Asset Turnover0.34x0.33x0.23x0.27x0.29x0.21x0.29x0.36x0.37x0.37x
Asset Growth %0.09%0.12%0.9%0.01%0.02%0.05%0.09%0.08%-0.01%0.19%
Total Current Liabilities+506.7M593.18M2.07B2.41B2.56B2.77B3.79B5.56B4.83B5.89B
Accounts Payable21.07M11.4M428.88M313.57M245.1M353.88M290.69M307.07M306.55M325.7M
Days Payables Outstanding1.631.2137.8825.5617.6819.516.2517.1210.9110.64
Short-Term Debt39.89M58.34M513.76M500.11M549.61M1.14B578.14M1.87B1.23B1.13B
Deferred Revenue (Current)1000K1000K1000K1000K01000K0000
Other Current Liabilities445.74M523.45M58.26M81.02M248.89M-127.67M990.76M940.67M816.11M1.86B
Current Ratio5.89x7.14x2.69x2.49x3.06x2.79x3.05x3.25x3.88x4.36x
Quick Ratio5.85x7.09x2.67x2.47x3.05x2.78x3.04x3.24x3.87x4.35x
Cash Conversion Cycle17.1418.77-13.45-2.87.6921.6523.4323.142427.64
Total Non-Current Liabilities+5.21B5.87B19.96B17.09B16.18B15.95B16.27B16.34B13.92B16.14B
Long-Term Debt3.68B4.4B17.2B14B13.16B12.76B13.2B13.33B10.99B12.23B
Capital Lease Obligations0000000000
Deferred Tax Liabilities1.52B1.46B2.75B3.08B3B3.17B3.04B2.97B2.9B3.85B
Other Non-Current Liabilities1.53B1.47B2.76B3.09B024.18M28.24M32.65M35.01M56.38M
Total Liabilities5.72B6.46B22.03B19.5B18.74B18.72B20.06B21.9B18.75B22.02B
Total Debt+3.72B4.46B17.37B14.5B13.71B13.9B13.78B15.2B12.25B13.38B
Net Debt1.63B963.14M12.91B9.92B7.52B8.71B5.01B2.03B-1.63B-6.7B
Debt / Equity0.18x0.20x0.52x0.40x0.35x0.33x0.30x0.31x0.24x0.22x
Debt / EBITDA0.82x0.82x2.36x1.52x1.33x2.67x1.29x0.91x0.71x0.67x
Net Debt / EBITDA0.36x0.18x1.75x1.04x0.73x1.67x0.47x0.12x-0.09x-0.34x
Interest Coverage41.98x39.09x2.39x6.32x7.82x3.54x10.28x17.18x13.54x21.19x
Total Equity+20.41B22.75B33.54B36.68B38.77B41.69B45.77B49.02B51.59B61.61B
Equity Growth %0.09%0.11%0.47%0.09%0.06%0.08%0.1%0.07%0.05%0.19%
Book Value per Share680.10758.621117.931222.711292.421389.771525.671633.851719.712053.75
Total Shareholders' Equity20.41B22.75B26.96B29.11B31.16B33.67B37.18B41.62B44.95B54.21B
Common Stock7.77B7.77B7.77B7.77B7.77B7.77B7.77B7.77B7.77B7.77B
Retained Earnings11.4B13.2B17.92B19.78B21.99B23.69B27.11B32.29B24.7B46.05B
Treasury Stock0000000000
Accumulated OCI1.24B1.79B1.27B1.56B1.4B2.21B2.3B1.57B12.48B391.49M
Minority Interest006.58B7.58B7.61B8.03B8.59B7.39B6.65B7.4B

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+3.51B4.46B5.89B7.45B8.5B2.94B10.26B13.46B13.45B15.57B
Operating CF Margin %0.39%0.46%0.47%0.48%0.51%0.23%0.55%0.53%0.52%0.5%
Operating CF Growth %0.33%0.27%0.32%0.26%0.14%-0.65%2.49%0.31%-0%0.16%
Net Income4.01B5.03B8.39B6.92B7.66B2.86B8.13B14.08B14.62B13.55B
Depreciation & Amortization469M529.66M5.89B1.76B1.84B1.93B1.99B2.06B2.07B2.32B
Stock-Based Compensation0000000000
Deferred Taxes0000000000
Other Non-Cash Items-1.29B-1.5B-8.87B-1.12B-1.43B-941.21M-289.14M-1.7B-3.14B119.02M
Working Capital Changes316.23M403.99M486.82M-111.92M430.58M-912.11M432.94M-981.26M-102.81M-427.67M
Change in Receivables30.19M-45.26M-51.16M-122.77M96.87M-452.64M-760.5M-946.89M137.99M-427.67M
Change in Inventory0008.19M000000
Change in Payables16.34M113.9M165.76M-45.53M333.71M-331.12M1.5B652.38M-240.79M0
Cash from Investing+-2.75B-1.37B-5.02B-1.27B-2.39B-2.88B-3.41B-3.79B-2.45B-2.75B
Capital Expenditures-2.91B-1.81B-1.47B-1.64B-2.61B-3.33B-3.68B-2.78B-1.37B-4.39B
CapEx % of Revenue0.32%0.19%0.12%0.11%0.16%0.26%0.2%0.11%0.05%0.14%
Acquisitions----------
Investments----------
Other Investing155.72M447.79M1.22B567.8M224.69M463.12M264.92M-1.02B1.04B1.36B
Cash from Financing+-1.53B-1.68B93.25M-6.26B-4.43B-1.14B-3.31B-4.83B-9.32B-8.92B
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-1.53B-1.68B-1.85B-2.03B-3B0-2.46B-4.51B-5.98B-6.28B
Share Repurchases----------
Other Financing-97.02M-106.87M-628.22M-1.35B-1.06B-942.99M-840.61M-2.54B-1.66B-1.87B
Net Change in Cash----------
Free Cash Flow+603.08M2.65B4.42B5.81B5.89B-391.42M6.59B10.68B12.07B11.17B
FCF Margin %0.07%0.27%0.35%0.38%0.35%-0.03%0.35%0.42%0.47%0.36%
FCF Growth %-0.6%3.39%0.67%0.31%0.01%-1.07%17.83%0.62%0.13%-0.07%
FCF per Share20.1088.31147.28193.63196.23-13.05219.55356.10402.47372.38
FCF Conversion (FCF/Net Income)1.20x1.23x1.01x1.49x1.56x1.49x1.72x1.35x1.32x1.15x
Interest Paid000000000938.15M
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)14.88%16.82%20.73%14.21%14.49%4.9%13.68%21.07%20.28%23.94%
Return on Invested Capital (ROIC)14.86%16.17%3.16%12.54%13.7%5.08%12.83%21.65%22.64%25.06%
Gross Margin47.47%64.59%66.98%70.94%69.91%47.52%65.25%74.13%60.27%64.35%
Net Margin32.39%37.21%46.62%32.37%32.49%15.62%31.85%39.45%39.52%43.25%
Debt / Equity0.18x0.20x0.52x0.40x0.35x0.33x0.30x0.31x0.24x0.22x
Interest Coverage41.98x39.09x2.39x6.32x7.82x3.54x10.28x17.18x13.54x21.19x
FCF Conversion1.20x1.23x1.01x1.49x1.56x1.49x1.72x1.35x1.32x1.15x
Revenue Growth52.99%8.44%28.3%23.15%9.16%-24.95%48.79%34.76%2.01%21.34%

Revenue by Segment

2018201920202021202220232024
Duty free shops---1.75B2.5B2.62B2.81B
Duty free shops Growth----42.94%5.05%7.08%
Food and beverage---823.88M1.24B1.42B1.46B
Food and beverage Growth----50.94%14.18%2.66%
Car rental companies---953.09M1.11B1.23B1.4B
Car rental companies Growth----16.56%10.77%14.13%
Other services---503.16M680.37M709.3M792.18M
Other services Growth----35.22%4.25%11.68%
Advertising revenues---129.59M151.74M206.94M236.63M
Advertising revenues Growth----17.09%36.38%14.35%
Ground transportations---95.69M131.65M144.67M166.55M
Ground transportations Growth----37.58%9.89%15.12%
Banking and currency exchange services---107.23M102.78M103.28M98.47M
Banking and currency exchange services Growth-----4.15%0.49%-4.66%
Teleservices-16.04M15.17M17.54M15.54M16.1M16.07M
Teleservices Growth---5.39%15.59%-11.41%3.61%-0.16%
Duty Free Shops-1.79B991.83M----
Duty Free Shops Growth---44.45%----
Car Rental Companies-673.97M485.73M----
Car Rental Companies Growth---27.93%----
Food And Beverages-820M449.34M----
Food And Beverages Growth---45.20%----
Other Services-569M387.44M----
Other Services Growth---31.91%----
Advertising Revenues-187.19M92.68M----
Advertising Revenues Growth---50.49%----
Banking And Currency Exchange Services-115.93M72.56M----
Banking And Currency Exchange Services Growth---37.41%----
Ground Transportations-98.03M49.72M----
Ground Transportations Growth---49.28%----
Regulated Services9.22B------
Regulated Services Growth-------
Non-Regulated Services4.12B------
Non-Regulated Services Growth-------
Construction Services935.77M------
Construction Services Growth-------

Frequently Asked Questions

Valuation & Price

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR) has a price-to-earnings (P/E) ratio of 0.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR) reported $35.29B in revenue for fiscal year 2024. This represents a 672% increase from $4.57B in 2011.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR) grew revenue by 21.3% over the past year. This is strong growth.

Yes, Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR) is profitable, generating $11.19B in net income for fiscal year 2024 (43.3% net margin).

Dividend & Returns

Yes, Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR) pays a dividend with a yield of 65.91%. This makes it attractive for income-focused investors.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR) has a return on equity (ROE) of 23.9%. This is excellent, indicating efficient use of shareholder capital.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR) generated $6.86B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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