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Grupo Aeroportuario del Sureste S. A. B. de C. V

DB:AEDA
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AEDA
DB
MX$69B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Grupo Aeroportuario del Sureste, S. A. B. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • Grupo Aeroportuario del Sureste S. A. B. de C. V has significant price volatility in the past 3 months.
AEDA Share Price and Events
7 Day Returns
17.5%
DB:AEDA
6.6%
DE Infrastructure
7.3%
DE Market
1 Year Returns
-38%
DB:AEDA
-42.7%
DE Infrastructure
-17.7%
DE Market
AEDA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Grupo Aeroportuario del Sureste S. A. B. de C. V (AEDA) 17.5% -37.5% -47.3% -38% -48.4% -31.6%
DE Infrastructure 6.6% -32.4% -48.6% -42.7% -41.2% -17.3%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • AEDA outperformed the Infrastructure industry which returned -42.7% over the past year.
  • AEDA underperformed the Market in Germany which returned -17.7% over the past year.

AEDA Value

 Is Grupo Aeroportuario del Sureste S. A. B. de C. V undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Grupo Aeroportuario del Sureste S. A. B. de C. V to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Grupo Aeroportuario del Sureste S. A. B. de C. V.

DB:AEDA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:AEDA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 7%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 30%) (19.9%))
0.886
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.886 * 6.96%)
5.78%

Discounted Cash Flow Calculation for DB:AEDA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Grupo Aeroportuario del Sureste S. A. B. de C. V is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:AEDA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (MXN, Millions) Source Present Value
Discounted (@ 5.78%)
2020 2,956.79 Analyst x4 2,795.30
2021 6,970.79 Analyst x7 6,230.15
2022 8,014.84 Analyst x5 6,772.03
2023 8,877.21 Analyst x2 7,091.02
2024 7,585.00 Analyst x1 5,727.90
2025 6,810.91 Est @ -10.21% 4,862.43
2026 6,316.37 Est @ -7.26% 4,263.08
2027 5,987.94 Est @ -5.2% 3,820.69
2028 5,762.99 Est @ -3.76% 3,476.32
2029 5,604.70 Est @ -2.75% 3,196.19
Present value of next 10 years cash flows MX$48,235.00
DB:AEDA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= MX$5,604.70 × (1 + -0.39%) ÷ (5.78% – -0.39%)
MX$90,524.99
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= MX$90,524.99 ÷ (1 + 5.78%)10
MX$51,623.63
DB:AEDA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= MX$48,235.00 + MX$51,623.63
MX$99,858.63
Equity Value per Share
(MXN)
= Total value / Shares Outstanding
= MX$99,858.63 / 300.00
MX$332.86
DB:AEDA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:AEDA represents 0.38097x of BMV:ASUR B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.38097x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (MXN) x Listing Adjustment Factor
= MX$ 332.86 x 0.38097
€126.81
Value per share (EUR) From above. €126.81
Current discount Discount to share price of €87.50
= -1 x (€87.50 - €126.81) / €126.81
31%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Grupo Aeroportuario del Sureste S. A. B. de C. V is available for.
Intrinsic value
31%
Share price is €87.5 vs Future cash flow value of €126.81
Current Discount Checks
For Grupo Aeroportuario del Sureste S. A. B. de C. V to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Grupo Aeroportuario del Sureste S. A. B. de C. V's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Grupo Aeroportuario del Sureste S. A. B. de C. V's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Grupo Aeroportuario del Sureste S. A. B. de C. V's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Grupo Aeroportuario del Sureste S. A. B. de C. V's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AEDA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in MXN MX$18.22
BMV:ASUR B Share Price ** BMV (2020-03-30) in MXN MX$229.68
Europe Infrastructure Industry PE Ratio Median Figure of 38 Publicly-Listed Infrastructure Companies 11.07x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Grupo Aeroportuario del Sureste S. A. B. de C. V.

DB:AEDA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BMV:ASUR B Share Price ÷ EPS (both in MXN)

= 229.68 ÷ 18.22

12.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Grupo Aeroportuario del Sureste S. A. B. de C. V is overvalued based on earnings compared to the Europe Infrastructure industry average.
  • Grupo Aeroportuario del Sureste S. A. B. de C. V is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Grupo Aeroportuario del Sureste S. A. B. de C. V's expected growth come at a high price?
Raw Data
DB:AEDA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
9.9%per year
Europe Infrastructure Industry PEG Ratio Median Figure of 18 Publicly-Listed Infrastructure Companies 1.18x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:AEDA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.61x ÷ 9.9%

1.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Grupo Aeroportuario del Sureste S. A. B. de C. V is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Grupo Aeroportuario del Sureste S. A. B. de C. V's assets?
Raw Data
DB:AEDA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in MXN MX$103.86
BMV:ASUR B Share Price * BMV (2020-03-30) in MXN MX$229.68
Germany Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 0.96x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:AEDA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BMV:ASUR B Share Price ÷ Book Value per Share (both in MXN)

= 229.68 ÷ 103.86

2.21x

* Primary Listing of Grupo Aeroportuario del Sureste S. A. B. de C. V.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Grupo Aeroportuario del Sureste S. A. B. de C. V is overvalued based on assets compared to the DE Infrastructure industry average.
X
Value checks
We assess Grupo Aeroportuario del Sureste S. A. B. de C. V's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Infrastructure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Infrastructure industry average (and greater than 0)? (1 check)
  5. Grupo Aeroportuario del Sureste S. A. B. de C. V has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AEDA Future Performance

 How is Grupo Aeroportuario del Sureste S. A. B. de C. V expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Grupo Aeroportuario del Sureste S. A. B. de C. V expected to grow at an attractive rate?
  • Grupo Aeroportuario del Sureste S. A. B. de C. V's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Grupo Aeroportuario del Sureste S. A. B. de C. V's earnings growth is positive but not above the Germany market average.
  • Grupo Aeroportuario del Sureste S. A. B. de C. V's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:AEDA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:AEDA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 9.9%
DB:AEDA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 12.9%
Europe Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:AEDA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in MXN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AEDA Future Estimates Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31 11,816 8,054
2022-12-31 21,462 11,016 7,660 2
2021-12-31 23,947 10,440 7,299 9
2020-12-31 23,202 8,677 7,123 13
2020-03-30
DB:AEDA Past Financials Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income *
2019-12-31 16,822 8,432 5,466
2019-09-30 16,201 8,556 5,668
2019-06-30 15,777 8,138 5,342
2019-03-31 15,595 7,617 5,001
2018-12-31 15,410 7,696 4,988
2018-09-30 15,434 8,769 5,792
2018-06-30 14,982 8,601 5,904
2018-03-31 14,030 6,885 5,950
2017-12-31 12,590 6,031 5,834
2017-09-30 11,719 3,739 4,489
2017-06-30 10,844 3,299 4,306
2017-03-31 10,153 4,637 4,040

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Grupo Aeroportuario del Sureste S. A. B. de C. V's earnings are expected to grow by 9.9% yearly, however this is not considered high growth (20% yearly).
  • Grupo Aeroportuario del Sureste S. A. B. de C. V's revenue is expected to grow by 12.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:AEDA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Grupo Aeroportuario del Sureste S. A. B. de C. V Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AEDA Future Estimates Data
Date (Data in MXN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 21.98 23.26 20.70 2.00
2021-12-31 21.23 23.18 18.29 9.00
2020-12-31 19.59 21.32 17.30 11.00
2020-03-30
DB:AEDA Past Financials Data
Date (Data in MXN Millions) EPS *
2019-12-31 18.22
2019-09-30 18.89
2019-06-30 17.81
2019-03-31 16.67
2018-12-31 16.63
2018-09-30 19.31
2018-06-30 19.68
2018-03-31 19.83
2017-12-31 19.45
2017-09-30 14.96
2017-06-30 14.35
2017-03-31 13.47

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Grupo Aeroportuario del Sureste S. A. B. de C. V is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Grupo Aeroportuario del Sureste S. A. B. de C. V's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Grupo Aeroportuario del Sureste S. A. B. de C. V has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AEDA Past Performance

  How has Grupo Aeroportuario del Sureste S. A. B. de C. V performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Grupo Aeroportuario del Sureste S. A. B. de C. V's growth in the last year to its industry (Infrastructure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Grupo Aeroportuario del Sureste S. A. B. de C. V's year on year earnings growth rate has been positive over the past 5 years.
  • Grupo Aeroportuario del Sureste S. A. B. de C. V's 1-year earnings growth is less than its 5-year average (9.6% vs 18.2%)
  • Grupo Aeroportuario del Sureste S. A. B. de C. V's earnings growth has exceeded the Europe Infrastructure industry average in the past year (9.6% vs 6.9%).
Earnings and Revenue History
Grupo Aeroportuario del Sureste S. A. B. de C. V's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Grupo Aeroportuario del Sureste S. A. B. de C. V Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AEDA Past Revenue, Cash Flow and Net Income Data
Date (Data in MXN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 16,821.64 5,465.82 250.18
2019-09-30 16,201.23 5,668.41 246.74
2019-06-30 15,777.01 5,341.83 322.59
2019-03-31 15,595.02 5,001.42 433.86
2018-12-31 15,410.24 4,987.60 235.26
2018-09-30 15,433.68 5,791.52 219.63
2018-06-30 14,981.74 5,904.17 3,748.69
2018-03-31 14,029.64 5,950.47 1,058.44
2017-12-31 12,589.82 5,834.48 204.42
2017-09-30 11,718.74 4,489.48 -2,448.54
2017-06-30 10,844.39 4,305.58 210.24
2017-03-31 10,152.88 4,039.57 248.61
2016-12-31 9,753.49 3,629.26 204.84
2016-09-30 9,582.06 3,442.59 1,798.45
2016-06-30 9,398.71 3,231.53 201.59
2016-03-31 9,275.35 3,097.81 207.37
2015-12-31 8,994.60 2,913.74 196.99
2015-09-30 7,774.90 2,696.13 -364.45
2015-06-30 7,072.43 2,571.76 -798.23
2015-03-31 6,292.63 2,393.61 390.11
2014-12-31 5,879.16 2,283.72 170.23
2014-09-30 5,672.03 2,415.39 248.21
2014-06-30 5,511.93 2,344.88 153.15
2014-03-31 5,454.71 2,444.64 157.56
2013-12-31 5,446.09 2,296.87 178.56
2013-09-30 5,304.15 2,317.04 105.77
2013-06-30 5,216.33 2,215.24 130.71
2013-03-31 5,208.42 2,023.96 185.01

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Grupo Aeroportuario del Sureste S. A. B. de C. V has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Grupo Aeroportuario del Sureste S. A. B. de C. V used its assets more efficiently than the Europe Infrastructure industry average last year based on Return on Assets.
  • Grupo Aeroportuario del Sureste S. A. B. de C. V's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Grupo Aeroportuario del Sureste S. A. B. de C. V's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Infrastructure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Grupo Aeroportuario del Sureste S. A. B. de C. V has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AEDA Health

 How is Grupo Aeroportuario del Sureste S. A. B. de C. V's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Grupo Aeroportuario del Sureste S. A. B. de C. V's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Grupo Aeroportuario del Sureste S. A. B. de C. V is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Grupo Aeroportuario del Sureste S. A. B. de C. V's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Grupo Aeroportuario del Sureste S. A. B. de C. V's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Grupo Aeroportuario del Sureste S. A. B. de C. V Company Filings, last reported 2 months ago.

DB:AEDA Past Debt and Equity Data
Date (Data in MXN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 38,771.18 13,712.89 6,192.68
2019-09-30 37,973.96 13,974.53 6,196.81
2019-06-30 36,432.37 14,146.56 4,851.26
2019-03-31 38,049.05 14,187.79 5,853.67
2018-12-31 36,681.39 14,500.38 4,584.51
2018-09-30 34,697.99 15,575.87 4,534.51
2018-06-30 34,422.10 16,596.42 3,653.24
2018-03-31 34,775.50 17,013.62 5,725.35
2017-12-31 33,688.30 17,984.32 4,677.45
2017-09-30 26,062.40 14,712.45 7,678.97
2017-06-30 24,891.08 10,894.39 2,829.84
2017-03-31 23,857.32 4,040.60 4,495.30
2016-12-31 22,753.95 4,460.78 3,497.64
2016-09-30 21,687.15 4,160.44 3,521.38
2016-06-30 20,659.71 3,988.71 2,675.31
2016-03-31 21,332.93 3,696.92 2,945.61
2015-12-31 20,408.05 3,718.02 2,084.16
2015-09-30 19,649.91 3,621.32 3,494.58
2015-06-30 18,804.19 3,390.76 3,172.23
2015-03-31 19,553.44 3,278.64 3,704.69
2014-12-31 18,751.10 3,187.30 2,855.36
2014-09-30 18,093.63 2,886.00 3,099.32
2014-06-30 17,461.01 2,806.42 2,351.97
2014-03-31 16,915.34 2,811.82 1,603.41
2013-12-31 16,284.22 2,840.86 1,259.56
2013-09-30 16,969.60 2,847.33 2,396.65
2013-06-30 16,442.16 2,929.96 1,941.85
2013-03-31 16,910.59 2,866.06 2,660.95
  • Grupo Aeroportuario del Sureste S. A. B. de C. V's level of debt (35.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (17% vs 35.4% today).
  • Debt is well covered by operating cash flow (61.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.5x coverage).
X
Financial health checks
We assess Grupo Aeroportuario del Sureste S. A. B. de C. V's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Grupo Aeroportuario del Sureste S. A. B. de C. V has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AEDA Dividends

 What is Grupo Aeroportuario del Sureste S. A. B. de C. V's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.25%
Current annual income from Grupo Aeroportuario del Sureste S. A. B. de C. V dividends. Estimated to be 5.39% next year.
If you bought €2,000 of Grupo Aeroportuario del Sureste S. A. B. de C. V shares you are expected to receive €65 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Grupo Aeroportuario del Sureste S. A. B. de C. V's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Grupo Aeroportuario del Sureste S. A. B. de C. V's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:AEDA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
Europe Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 6.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:AEDA Future Dividends Estimate Data
Date (Data in MX$) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 13.24 2.00
2021-12-31 14.53 9.00
2020-12-31 10.06 9.00
2020-03-30
DB:AEDA Past Annualized Dividends Data
Date (Data in MX$) Dividend per share (annual) Avg. Yield (%)
2019-04-24 7.460 2.371
2018-04-26 6.780 2.087
2017-04-26 6.160 1.752
2016-04-26 5.610 1.883
2015-04-13 5.100 2.098
2014-04-09 4.400 2.469
2013-10-22 4.400 2.815
2013-10-21 4.400 2.816
2013-04-26 4.000 2.705
2012-04-27 3.600 2.860
2011-04-29 3.000 3.960
2010-04-27 2.500 3.913
2009-04-23 3.240 5.615

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Grupo Aeroportuario del Sureste S. A. B. de C. V's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Grupo Aeroportuario del Sureste S. A. B. de C. V's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Grupo Aeroportuario del Sureste S. A. B. de C. V afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Grupo Aeroportuario del Sureste S. A. B. de C. V has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AEDA Management

 What is the CEO of Grupo Aeroportuario del Sureste S. A. B. de C. V's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Adolfo Castro Rivas
AGE 55
TENURE AS CEO 8.8 years
CEO Bio

Mr. Adolfo Castro Rivas has been the Chief Executive Officer of Grupo Aeroportuario Del Sureste SA de CV since June 1, 2011 and has been its Director of Finance and Chief Financial since January 2000 & Strategic Planning Officer since June 2011. Mr. Castro Rivas served as the Director of Finance (Chief Financial Officer) at Grupo Aeroportuario Del Sureste Sa De Cv from January 24, 2000 to 2011. He served as Chief Financial & Strategic Planning Officer and Head of Investor Relations of Grupo Aeroportuario Del Sureste SA de CV until June 1, 2011 and served as its Strategic Planning Officer. Prior to joining ASUR, he served as Director of Finance and Administration at Ferrocarril del Sureste S.A. de C.V. He served as the Chief Financial Officer of Netcapital S.A. de C.V and Director of Finance at Grupo Mexicano de Desarrollo S.A. de C.V., Finance Manager of Grupo ICA S.A.B. de C.V. and an Auditor and Consultant with Coopers & Lybrand. He has been an Independent Director of Red de Carreteras de Occidente, S.A.B. de C.V. since March 16, 2013. He has a license in accountancy and a Master in Business Administration from the Instituto Tecnológico Autónomo de México.

CEO Compensation
  • Insufficient data for Adolfo to compare compensation growth.
  • Insufficient data for Adolfo to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Grupo Aeroportuario del Sureste S. A. B. de C. V management team in years:

12.7
Average Tenure
58
Average Age
  • The average tenure for the Grupo Aeroportuario del Sureste S. A. B. de C. V management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Fernando Gerardo G. Chico Pardo

TITLE
President & Chairman
AGE
67

Adolfo Castro Rivas

TITLE
CEO, Director of Finance
AGE
55
TENURE
8.8 yrs

Claudio Góngora Morales

TITLE
Chief Legal Counsel
AGE
68
TENURE
20.9 yrs

Alejandro Pantoja López

TITLE
Chief Infrastructure & Compliance Officer
AGE
58
TENURE
6.6 yrs

Manuel Gutiérrez Sola

TITLE
Chief Commercial Officer
AGE
56
TENURE
16.6 yrs
Board of Directors Tenure

Average tenure and age of the Grupo Aeroportuario del Sureste S. A. B. de C. V board of directors in years:

12.9
Average Tenure
67
Average Age
  • The average tenure for the Grupo Aeroportuario del Sureste S. A. B. de C. V board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Fernando Gerardo G. Chico Pardo

TITLE
President & Chairman
AGE
67
TENURE
14.9 yrs

Ricardo Guajardo Touché

TITLE
Independent Director
AGE
71
TENURE
19 yrs

Luis Antonio Chico Pardo

TITLE
Non-Independent Director
AGE
79
TENURE
11.9 yrs

Rasmus Christiansen

TITLE
Independent Director
AGE
67
TENURE
12.9 yrs

Francisco Garza Zambrano

TITLE
Independent Director
AGE
63
TENURE
19 yrs

Roberto Servitje Sendra

TITLE
Independent Director
AGE
91
TENURE
11.9 yrs

Guillermo Aponte Ortiz Martínez

TITLE
Independent Director
AGE
71
TENURE
9.9 yrs

Aurelio Pérez Alonso

TITLE
Director
AGE
47
TENURE
12.9 yrs

José Antonio Pérez Antón

TITLE
Director
AGE
46
TENURE
7.9 yrs

Federico Chávez Peón Mijares

TITLE
Alternate Director
AGE
53
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
29. Aug 19 Buy Fernando Gerardo G. Chico Pardo Individual 24. Jul 19 27. Aug 19 2,773,081 €13.51 €37,452,982
X
Management checks
We assess Grupo Aeroportuario del Sureste S. A. B. de C. V's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Grupo Aeroportuario del Sureste S. A. B. de C. V has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AEDA News

Simply Wall St News

AEDA Company Info

Description

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 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 that comprise leasing of space at its airports to retailers, restaurants, airlines, and other commercial tenants; complementary services, such as catering, handling, and ground transportation services; and airport access, automobile parking and ground transport, and fuel services, as well as provides construction 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 founded in 1998 and is headquartered in Mexico City, Mexico.

Details
Name: Grupo Aeroportuario del Sureste, S. A. B. de C. V.
AEDA
Exchange: DB
Founded: 1998
MX$2,563,648,759
300,000,000
Website: http://www.asur.com.mx
Address: Grupo Aeroportuario del Sureste, S. A. B. de C. V.
Bosque de Alisos No. 47A,
4th Floor,
Mexico City,
Distrito Federal, 05120,
Mexico
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BMV ASUR B Series B Shares Bolsa Mexicana de Valores MX MXN 27. Jul 2001
OTCPK ASRM.F Series B Shares Pink Sheets LLC US USD 27. Jul 2001
DB AED Series B Shares Deutsche Boerse AG DE EUR 27. Jul 2001
NYSE ASR ADS EACH REPR 10 SER'B' SHS NPV New York Stock Exchange US USD 28. Sep 2000
DB AEDA ADS EACH REPR 10 SER'B' SHS NPV Deutsche Boerse AG DE EUR 28. Sep 2000
Number of employees
Current staff
Staff numbers
1,552
Grupo Aeroportuario del Sureste S. A. B. de C. V employees.
Industry
Airport Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 21:36
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/19
Last earnings filing: 2020/02/25
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.