Grupo Aeroportuario del Sureste SAB de CV and its subsidiaries hold concessions to operate, maintain, and develop airports in the southeast region of Mexico... Show more
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is one of the world's leading private airport operators, trading on the NYSE as ASR. The company holds concessions to operate, maintain, and develop airports, including nine airports in southeastern Mexico led by Cancún International Airport, the region's busiest tourist gateway. Its portfolio also spans six airports in northern Colombia, a 60% interest in Aerostar Airport Holdings (operator of San Juan's Luis Muñoz Marín International Airport in Puerto Rico), and, following its September 2026 acquisition of CPC Aeroportos, 20 additional airports including 17 in Brazil and one each in Ecuador, Costa Rica, and Curaçao.
ASUR also operates a growing U.S. commercial airport business with retail operations at JFK, Los Angeles International, and Chicago O'Hare. Revenue is split between aeronautical charges (passenger and landing fees) and non-aeronautical sources such as retail, dining, parking, and commercial space. Investors follow the stock for its diversified network, mixed peso- and dollar-denominated cash flows, and direct exposure to travel and tourism demand across the Americas.
Over the last 30 days, ASR rose approximately 10.3%, advancing from a closing price near $240.79 to roughly $265.66. The move was part of a broader rebound: the stock bottomed around $226 in early October before recovering steadily through the remainder of the month and into November.
The picture is more subdued over the trailing quarter. From a closing level near $272.93 in early August, ASR is still down roughly 2.7%, reflecting a summer decline into the early-October low followed by the recent recovery. In short, the 30-day gain has largely retraced the late-summer drawdown but has not yet reclaimed the stock's higher levels from earlier in the quarter.
The primary catalyst was the release of third-quarter 2026 results on October 22. ASUR reported revenue up about 13% year over year to approximately MXN 7.8 billion, excluding construction revenue, with non-aeronautical revenue up nearly 27%. Consolidated EBITDA rose 1.7%, while adjusted EBITDA margin declined to 60.3% under pressure from softer Mexican traffic and the consolidation of lower-margin Brazilian and U.S. operations. Earnings per ADS came in below consensus estimates, but strong top-line growth and strategic progress supported sentiment.
Investors also reacted to the completed acquisition of CPC Aeroportos from Motiva, finalized September 1, which added 20 airports and materially diversified ASUR's geographic footprint. The company disclosed that it refinanced acquisition bridge loans with about $1.8 billion in senior notes, extending maturities and securing investment-grade ratings. Additionally, two extraordinary dividends of MXN 10 per share were approved, payable in late November and late December 2026.
On the operational side, Cancún airport broke a 69-day streak of fewer than 400 daily flight operations in late October, coinciding with the reactivation of winter flights and the announcement of new international routes. This early sign of traffic recovery reinforced the stock's rebound.
The broader three-month trend was shaped by softening Mexican travel demand. Passenger traffic at Cancún declined through much of the quarter, driven by reduced airline capacity, aircraft availability constraints related to engine inspections, and route restructuring in the U.S. market. This pressure weighed on ASUR's Mexican operations and contributed to the stock's decline into early October.
Offsetting this weakness was meaningful strategic diversification. The CPC Aeroportos acquisition added scale across Brazil and other markets, while ASUR continued to build its non-aeronautical and U.S. commercial businesses. Colombia remained a bright spot with solid traffic and commercial revenue growth. The quarter's narrative, therefore, was one of near-term traffic headwinds balanced against a larger, more diversified asset base and a long-term investment program across Cancún, JFK, and the newly acquired airports.
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Looking ahead, investors are likely to focus on the winter high season at Cancún and whether airline seat capacity and flight operations continue to recover after the late-October rebound. The opening of Cancún's remodeled Terminal 1 and the new JFK Terminal 1, both targeted around late 2026 and early 2027, are additional catalysts that could influence traffic and commercial revenue.
Integration of the Brazilian airport portfolio and execution of the roughly MXN 11 billion 2027 capital investment plan will be closely watched, as will the pace of adjusted EBITDA margin recovery. Macroeconomic factors—tourism demand from the U.S. and Canada, jet fuel costs, and peso-dollar exchange-rate movements—remain key variables. Regulatory and operating cost changes in Mexico, including reduced working hours, may also affect margins in the coming year.
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The 10-day moving average for ASR crossed bullishly above the 50-day moving average on October 29, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 14 of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 82%.
The Momentum Indicator moved above the 0 level on October 15, 2026. You may want to consider a long position or call options on ASR as a result. In 59 of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 70%.
The Moving Average Convergence Divergence (MACD) for ASR just turned positive on October 12, 2026. Looking at past instances where ASR's MACD turned positive, the stock continued to rise in 35 of 50 cases over the following month. The odds of a continued upward trend are 70%.
ASR moved above its 50-day moving average on October 21, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +1.75% 3-day Advance, the price is estimated to grow further. Considering data from situations where ASR advanced for three days, in 203 of 311 cases, the price rose further within the following month. The odds of a continued upward trend are 65%.
The Aroon Indicator entered an Uptrend today. In 160 of 241 cases where ASR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 66%.
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 15 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ASR declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 62%.
ASR broke above its upper Bollinger Band on November 04, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Seasonality Score of 4 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 34 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.247) is normal, around the industry mean (0.918). P/E Ratio (0.796) is within average values for comparable stocks, (-5.910). Projected Growth (PEG Ratio) (0.920) is also within normal values, averaging (0.572). Dividend Yield (0.083) settles around the average of (0.062) among similar stocks. P/S Ratio (3.352) is also within normal values, averaging (8.002).
The Tickeron SMR rating for this company is 34 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 50 (best 1 - 100 worst), indicating steady price growth. ASR’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 50 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 64, placing this stock slightly better than average.
The Tickeron PE Growth Rating for this company is 97 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a holding company, which operates airports
Industry AirFreightCouriers