ASR
IndustrialsGrupo Aeroportuario del Sureste, S. A. B. de C. V. · Airlines, Airports & Air Services · $9B
What is Grupo Aeroportuario del Sureste, S. A. B. de C. V.?
Grupo Aeroportuario del Sureste (ASR) operates airport concessions across southeast Mexico, Puerto Rico, and Colombia. The company manages some of the busiest leisure and business travel hubs in Latin America, anchored by Cancún International Airport.
ASR generates revenue through two main channels: aeronautical services — covering passenger processing, aircraft landing and parking, walkways, and security — and non-aeronautical services, which include commercial space leasing to retailers, restaurants, and airlines, plus catering, ground handling, and transportation. Its geographic footprint spans nine Mexican airports, Luis Muñoz Marín International in San Juan, Puerto Rico, and several Colombian airports including Medellín's Enrique Olaya Herrera.
Incorporated in 1998 and headquartered in Mexico City, Mexico, the company began operations under its current structure around 2000.
- Aeronautical services (landing, parking, passenger processing)
- Commercial space leasing to retailers and airlines
- Ground handling, catering, and transportation services
- Airport concession management across Mexico, Puerto Rico, and Colombia
Is ASR a Good Stock to Buy?
UQS Score rates ASR as Good overall, reflecting a balanced profile with notable strengths and one area of concern.
The Quality pillar stands out as the clearest strength, suggesting the business generates reliable earnings relative to its asset base. Growth and Risk both register as Good, pointing to a company expanding steadily while managing operational and financial exposures at a reasonable level. Valuation is rated Attractive, meaning the stock does not appear expensive relative to its fundamentals.
The Moat pillar is rated Weak — a flag that competitive advantages may be narrower or less durable than peers, worth monitoring for long-term holders.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does ASR pay dividends?
Yes — Grupo Aeroportuario del Sureste, S. A. B. de C. V. pays a dividend.
ASR pays a regular dividend, consistent with the capital-return culture common among Latin American infrastructure concession operators. The company's relatively stable, fee-based revenue from airport concessions supports recurring distributions. Investors seeking income alongside exposure to travel-driven growth in emerging markets may find this cadence appealing.
When does ASR report earnings?
Grupo Aeroportuario del Sureste reports earnings on a quarterly cadence, typical for companies listed on major exchanges.
Revenue trends have broadly tracked passenger volume recovery and growth across its airport network. Non-aeronautical revenues — particularly commercial leasing — have contributed meaningfully alongside core aeronautical fees. For the most current quarter's results, check the company's investor relations page directly.
For the most recent quarter's results, visit Grupo Aeroportuario del Sureste's official investor relations page.
ASR Price History
+137.4% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Grupo Aeroportuario del Sureste, S. A. B. de C. V.?
Based on Grupo Aeroportuario del Sureste, S. A. B. de C. V.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
ASR Long-term Outlook
The Good ratings on both Growth and Risk pillars suggest a trajectory of measured expansion without outsized financial or operational hazards. Tourism demand in the Cancún corridor and broader Latin American air travel growth provide structural tailwinds. The Attractive Valuation label adds a margin of safety context, though the Weak Moat rating is a reminder that concession renewals and regulatory dynamics remain ongoing considerations.
Growth drivers
- Rising passenger volumes across Mexican and Colombian airport networks
- Expansion of non-aeronautical commercial revenue streams
- Continued recovery and growth in Latin American leisure and business travel
Key risks
- Concession renewal and regulatory risk across multiple jurisdictions
- Currency exposure from operations in Mexico, Puerto Rico, and Colombia
- Demand sensitivity to macroeconomic slowdowns or travel disruptions
ASR vs Peers
ASR operates in a niche alongside other airport operators and aviation-adjacent companies, each with distinct business models and risk profiles.
PAC operates airports on Mexico's Pacific coast and in Jamaica, making it ASR's closest structural peer — both are Mexican concession operators, but serve different regional tourism and cargo markets.
AAL is a major US airline carrier rather than an airport operator, meaning it sits on the demand side of the equation — a key customer type for ASR rather than a direct competitor.
Joby Aviation is an early-stage electric air taxi developer, representing a longer-horizon disruptive technology play that contrasts sharply with ASR's established, cash-generating concession model.
Frequently Asked Questions
What does Grupo Aeroportuario del Sureste do?
The company holds government concessions to operate, maintain, and develop airports — primarily in southeast Mexico, but also in Puerto Rico and Colombia. It earns revenue from aeronautical fees charged to airlines and passengers, as well as from leasing commercial space to retailers, restaurants, and service providers inside its terminals.
Does ASR pay dividends?
Yes, ASR pays a regular dividend. The company's concession-based business model generates relatively predictable cash flows, which supports recurring distributions to shareholders. Investors should verify the current dividend amount and schedule through the company's investor relations page, as amounts can vary year to year.
When does ASR report earnings?
Grupo Aeroportuario del Sureste reports on a quarterly cadence. For the exact schedule and most recent results, visit the company's investor relations page directly, as our data source does not provide specific upcoming earnings dates.
Is ASR a good stock to buy?
UQS Score rates ASR as Good overall. The Quality and Valuation pillars are particular highlights, while the Moat pillar registers as Weak. Whether it fits your portfolio depends on your goals and risk tolerance. The full pillar breakdown is available to UQS Pro members.
Is ASR overvalued?
The UQS Valuation pillar for ASR is rated Attractive, suggesting the stock is not expensive relative to its fundamentals at the time of scoring. Valuation can shift with market conditions, so reviewing the full metrics on UQS Pro provides a more complete picture.
How does ASR compare to its competitors?
Among airport-adjacent names, PAC is ASR's closest peer — both are Mexican concession operators serving distinct regional markets. AAL represents airline demand rather than airport infrastructure, and Joby Aviation is an early-stage disruptor. ASR's established cash flows and dividend history differentiate it from earlier-stage or carrier-model peers.
What is ASR's market cap bracket?
ASR is classified as a large-cap company, placing it among the more substantial publicly traded airport operators in Latin America. Large-cap status generally reflects a degree of operational scale and market recognition, though it does not guarantee performance.
Who founded Grupo Aeroportuario del Sureste?
The company was incorporated in 1998 as part of Mexico's airport privatization program, which transferred management of regional airport groups to private concession operators. Detailed founding history is publicly available through the company's official disclosures and investor relations materials.
Is ASR a long-term quality stock?
As a long-term quality indicator, ASR's Strong Quality pillar and Good Risk rating suggest the business has demonstrated earnings reliability and manageable risk exposure. The Weak Moat rating is worth watching over longer horizons, as concession durability and competitive positioning matter more over time. UQS Pro members can view the complete analysis.
What is the main competitive advantage of Grupo Aeroportuario del Sureste?
ASR's primary advantage lies in its government-granted concessions, which provide exclusive rights to operate airports in defined regions. The Cancún hub in particular benefits from high and growing international tourism demand. However, the UQS Moat pillar rates this advantage as Weak, reflecting the regulatory and renewal risks inherent in concession-based models.
Unlock Full ASR Analysis
Sign in to unlock the detailed analysis behind the UQS Score.
- ✓View the exact UQS Score and all five pillar scores for ASR
- ✓Access detailed financial metrics and trend data
- ✓Compare ASR side-by-side with PAC and other airport peers
- ✓Screen for Attractive-valuation large-caps across the Industrials sector
- ✓Get the complete analyst-style breakdown in one place
Pro Analysis
ASR — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 17, 2026 | 70.3 | 81.0 | 38.0 | 75.3 | 72.7 | 97.2 | +0.1 |
| May 16, 2026 | 70.2 | 80.9 | 38.0 | 75.3 | 72.7 | 97.1 | +0.1 |
| May 14, 2026 | 70.1 | 80.9 | 38.0 | 74.4 | 72.7 | 97.0 | +0.1 |
| May 11, 2026 | 70.0 | 80.8 | 38.0 | 74.4 | 72.7 | 97.0 | -0.1 |
| May 10, 2026 | 70.1 | 81.7 | 38.0 | 74.4 | 72.7 | 95.9 | +0.1 |
| May 8, 2026 | 70.0 | 80.7 | 38.0 | 74.6 | 72.7 | 96.7 | -0.1 |
| May 5, 2026 | 70.1 | 80.9 | 38.0 | 74.6 | 72.7 | 96.9 | +0.1 |
| May 2, 2026 | 70.0 | 80.8 | 38.0 | 74.6 | 72.7 | 96.7 | -0.1 |
| May 1, 2026 | 70.1 | 80.8 | 38.0 | 74.8 | 72.7 | 96.7 | +0.1 |
| Apr 28, 2026 | 70.0 | 80.8 | 38.0 | 74.8 | 72.7 | 96.3 | +0.1 |
ASR — Pillar Breakdown
Quality
— 81.0/100 (25%)Grupo Aeroportuario del Sureste, S. A. B. de C. V. demonstrates outstanding capital efficiency and profitability, placing it among the highest-quality businesses in the market.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 75.2/100 (20%)Grupo Aeroportuario del Sureste, S. A. B. de C. V. is growing rapidly with strong revenue and earnings expansion.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 72.7/100 (15%)Grupo Aeroportuario del Sureste, S. A. B. de C. V. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 97.5/100 (15%)Grupo Aeroportuario del Sureste, S. A. B. de C. V. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 38/100 (25%)Grupo Aeroportuario del Sureste, S. A. B. de C. V. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for ASR.
Score Composition
Financial Data
More Stock Analysis
How is the ASR UQS Score Calculated?
The UQS (Unified Quality Score) for Grupo Aeroportuario del Sureste, S. A. B. de C. V. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Grupo Aeroportuario del Sureste, S. A. B. de C. V.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Grupo Aeroportuario del Sureste, S. A. B. de C. V. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.