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Grupo Aeroportuario del Sureste (ASUR) MXN

At a glance: strengths & risks
✓Revenue growing (+19%)✓Cheaper than own history (EV/EBITDA 8.1 vs avg 138.6)✗Profit falling (-22%)✗Margins compressing (63%→54%)

Sector: Airports

MX_ASUR

Price chart

469.68 MXNDay -0.60%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
469.68 MXN · -0.60%
Market cap
140.9 bn MXN

Growth

Δ revenue y/y
0.8%
Δ EBITDA y/y
-6.5%

Multiples

P/E (LTM)
13.8x
3y avg: 13.8x
P/B (FY)
3.0x
P/E (ann.)
12.0x
EV/EBITDA (LTM)
8.1x
3y avg: 138.6x
EV/EBITDA (ann.)
7.5x

Cash return

Dividend yield
8.5%
FCF yield (LTM)
—

Value creation

fundamental value/yr, % of market cap
Value created / year
-5.9%
↓ details

Liquidity

Daily turnover (listing)
95.9 mln MXN

Shares: yahoo_fundamentals_timeseries/ASURB.MX

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B MXN, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB MXNOperating profitB MXND&AB MXNEBITDAB MXNNet profitB MXNOperating CFB MXNCapex + M&AB MXNAssetsB MXNEquityB MXNROE (annualized)Net debtB MXNSource
2026-03-31Q1 2026 (3M)PARTIAL8.9
y/y 0.8%
4.7
y/y -8.1%
0.7
y/y 6.5%
5.4
y/y -6.5%
2.9
y/y -19.6%
3.6-0.592.4
y/y 6.5%
42.4
y/y -26.6%
26.4%20.2Report (PDF)
2025-12-31Q4 2025 (3M)OK11.0
y/y 21.6%
3.8
y/y -15.9%
1.1
y/y 77.1%
4.9
y/y -4.8%
2.8
y/y -21.9%
12.9-7.888.1
y/y 4.8%
46.4
y/y -14.4%
26.2%22.9Link
2025-09-30Q3 2025 (3M)PARTIAL8.8
y/y 17.1%
3.7
y/y -9.8%
0.9
y/y 56.6%
4.6
y/y -1.3%
2.2
y/y -36.4%
4.5-1.976.8
y/y -2.1%
37.0
y/y -36.2%
8.2%17.3Report (PDF)
2025-06-30Q2 2025 (3M)PARTIAL8.7
y/y 17.9%
4.4
y/y 1.6%
0.6
y/y 7.8%
5.0
y/y 2.3%
2.3
y/y -39.9%
2.7-1.480.5
y/y 10.8%
35.0
y/y -34.2%
19.6%13.5Report (PDF)
2025-03-31Q1 2025 (3M)PARTIAL8.8
y/y 18.2%
5.1
y/y 11.4%
0.6
y/y 15.0%
5.7
y/y 11.7%
3.6
y/y 14.2%
3.3-0.686.7
y/y 18.8%
57.8
y/y 6.2%
26.0%3165.9Report (PDF)
2024-12-31Q4 2024 (3M)OK9.0
y/y 31.2%
4.5
y/y 23.4%
0.6
y/y 16.5%
5.1
y/y 22.5%
3.6
y/y 37.2%
4.5-2.584.1
y/y 19.6%
54.2
y/y 20.6%
25.0%3287.5Link
2024-09-30Q3 2024 (3M)PARTIAL7.5
y/y 18.1%
4.1
y/y 11.4%
0.6
y/y 16.0%
4.7
y/y 12.0%
3.5
y/y 23.8%
3.8—78.4
y/y 10.0%
57.9
y/y 16.2%
8.3%-22.4Report (PDF)
2024-06-30Q2 2024 (3M)PARTIAL7.4
y/y 20.1%
4.3
y/y 11.2%
0.6
y/y 121.3%
4.9
y/y 18.0%
3.8
y/y 42.7%
3.9—72.7
y/y 5.7%
53.2
y/y 13.9%
28.1%0.0Report (PDF)
2024-03-31Q1 2024 (3M)PARTIAL7.4
y/y 15.3%
4.6
y/y 14.1%
0.5
y/y 5.2%
5.1
y/y 13.1%
3.2
y/y 22.5%
3.5—73.0
y/y 3.1%
54.4
y/y 7.6%
25.7%3641.1Report (PDF)
2023-12-31Q4 2023 (3M)OK6.9
y/y —
3.6
y/y —
0.5
y/y —
4.2
y/y —
2.6
y/y —
3.1-0.470.3
y/y —
44.9
y/y —
22.5%3815.9Link
2023-09-30Q3 2023 (3M)PARTIAL6.3
y/y —
3.7
y/y —
0.5
y/y —
4.2
y/y —
2.8
y/y —
3.7-0.471.3
y/y —
49.8
y/y —
7.8%-4.5Report (PDF)
2023-06-30Q2 2023 (3M)PARTIAL6.2
y/y —
3.9
y/y —
0.3
y/y —
4.2
y/y —
2.6
y/y —
3.1-0.268.7
y/y —
46.7
y/y —
21.8%4530.8Report (PDF)
2023-03-31Q1 2023 (3M)PARTIAL6.4
y/y —
4.0
y/y —
0.5
y/y —
4.5
y/y —
2.6
y/y —
3.8-0.170.8
y/y —
50.5
y/y —
—4454.5Report (PDF)

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

02 5005 0007 50010 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-10%0%10%20%30%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF ($ mln)

-2 00002 0004 0006 0008 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash ($ mln)

-1 000 00001 000 0002 000 0003 000 0004 000 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: -5.8%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-03-31 vs 2025-03-31)
= (5 354 − 5 725) × 3.71
-1 379
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (140 904 + 20 249) ÷ 19 885
8.1x
3. Target multiple
(Current EV/EBITDA + 9) ÷ 2
= (8.1 + 9) ÷ 2
8.6x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= 3 557 + 0 + 0 − 0
3 557
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (-1 379 × 8.6 + 3 557) ÷ 140 904
-5.8%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • dividends/buybacks not in data - balance cash flow uses net-debt change only

Revenue growth & acceleration

Growth steady →
Last-year revenue growth +19% vs +21% the year before — a -2.5 pp move. 3-year CAGR —.
revenue growth by year: 2024 +21% · 2025 +19%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-05-2710 MXNEx-dividend: 10 MXN per sharePaidYahoo Finance (ex-div)
2025-11-2615 MXNEx-dividend: 15 MXN per sharePaidYahoo Finance (ex-div)
2025-09-2915 MXNEx-dividend: 15 MXN per sharePaidYahoo Finance (ex-div)
2025-05-2850 MXNEx-dividend: 50 MXN per sharePaidYahoo Finance (ex-div)
2024-06-2510 MXNEx-dividend: 10 MXN per sharePaidYahoo Finance (ex-div)
2024-05-2810.926 MXNEx-dividend: 10.926 MXN per sharePaidYahoo Finance (ex-div)
2023-11-2710 MXNEx-dividend: 10 MXN per sharePaidYahoo Finance (ex-div)
2023-05-299.93 MXNEx-dividend: 9.93 MXN per sharePaidYahoo Finance (ex-div)
2022-05-3015.03 MXNEx-dividend: 15.03 MXN per sharePaidYahoo Finance (ex-div)
2022-05-204.6141 MXNEx-dividend: 4.6141 MXN per sharePaidYahoo Finance (ex-div)
2021-09-298.21 MXNEx-dividend: 8.21 MXN per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Investor reporting (IR): https://www.asur.com.mx/informacion-financiera-page-0

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Grupo Aeroportuario del Sureste (ASUR) — from primary filings.

ASUR (Grupo Aeroportuario del Sureste) operates nine airports in southeast Mexico, including Cancún, under concession.

Frequently asked questions

What is Grupo Aeroportuario del Sureste (ASUR)'s P/E ratio?
Grupo Aeroportuario del Sureste (ASUR) trades at a P/E of 13.8x (price to trailing 12-month earnings).
What is Grupo Aeroportuario del Sureste (ASUR)'s EV/EBITDA?
Grupo Aeroportuario del Sureste (ASUR) trades at 8.1x EV/EBITDA.
What is Grupo Aeroportuario del Sureste (ASUR)'s P/B ratio?
Grupo Aeroportuario del Sureste (ASUR) trades at a P/B of 3.0x.
What is Grupo Aeroportuario del Sureste (ASUR)'s dividend yield?
Grupo Aeroportuario del Sureste (ASUR)'s trailing 12-month dividend yield is 8.5%.
What is Grupo Aeroportuario del Sureste (ASUR)'s return on equity (ROE)?
Grupo Aeroportuario del Sureste (ASUR)'s ROE is 26.4%.
What is Grupo Aeroportuario del Sureste (ASUR)'s market capitalization?
Grupo Aeroportuario del Sureste (ASUR)'s market cap is 140.9 bn MXN.