Financials Grupo Aeroportuario del Sureste, S. A. B. de C. V. Börse Stuttgart

Equities

AEDA

US40051E2028

Airport Services

Market Closed - Börse Stuttgart 10:18:53 2024-06-26 am EDT 5-day change 1st Jan Change
282 EUR -4.08% Intraday chart for Grupo Aeroportuario del Sureste, S. A. B. de C. V. +4.26% +13.08%

Valuation

Fiscal Period: Dicembre 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,620 4,968 6,187 7,003 8,806 9,172 - -
Enterprise Value (EV) 2 5,941 5,394 6,424 7,113 8,604 8,700 8,627 8,270
P/E ratio 19.4 x 50.1 x 21.2 x 13.7 x 14.6 x 13.6 x 12 x 11.3 x
Yield 2.82% - 2.14% 3.31% 4.01% 4.7% 5.44% 6.46%
Capitalization / Revenue 6.39 x 8.04 x 6.79 x 5.1 x 5.91 x 4.96 x 4.26 x 3.99 x
EV / Revenue 6.76 x 8.73 x 7.05 x 5.18 x 5.77 x 4.71 x 4.01 x 3.6 x
EV / EBITDA 11 x 22.6 x 12.8 x 8.09 x 8.63 x 7.5 x 6.66 x 5.7 x
EV / FCF 23.7 x -282 x 20.1 x 12.3 x 12 x 13.5 x 15.5 x 13.8 x
FCF Yield 4.22% -0.36% 4.97% 8.15% 8.32% 7.39% 6.44% 7.26%
Price to Book 3.41 x 2.93 x 3.41 x 3.28 x 3.32 x 3.38 x 3.24 x 2.81 x
Nbr of stocks (in thousands) 300,000 300,000 300,000 300,000 300,000 300,000 - -
Reference price 3 354.0 329.2 422.8 454.7 497.5 554.2 554.2 554.2
Announcement Date 2/24/20 2/24/21 2/24/22 2/23/23 2/26/24 - - -
1MXN in Million2USD in Million3MXN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Dicembre 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 878.9 617.7 911.2 1,373 1,491 1,849 2,151 2,300
EBITDA 1 539.2 238.8 499.9 879.4 996.6 1,159 1,296 1,451
EBIT 1 443.1 160.3 420 797.3 891.8 1,021 1,147 1,292
Operating Margin 50.42% 25.95% 46.09% 58.06% 59.83% 55.23% 53.34% 56.17%
Earnings before Tax (EBT) 1 400.3 139.7 394.2 764 855.3 1,057 1,185 1,280
Net income 1 285.6 96.5 290.3 541.7 596.1 724.3 821.8 900.2
Net margin 32.49% 15.62% 31.85% 39.45% 39.99% 39.17% 38.21% 39.14%
EPS 2 18.22 6.574 19.95 33.29 34.01 40.72 46.02 49.22
Free Cash Flow 1 250.9 -19.15 319.5 579.9 715.5 642.9 555.3 600
FCF margin 28.55% -3.1% 35.06% 42.23% 48% 34.77% 25.82% 26.09%
FCF Conversion (EBITDA) 46.53% - 63.91% 65.95% 71.79% 55.45% 42.85% 41.34%
FCF Conversion (Net income) 87.86% - 110.07% 107.05% 120.03% 88.76% 67.57% 66.65%
Dividend per Share 2 10.00 - 9.030 15.03 19.93 26.03 30.17 35.82
Announcement Date 2/24/20 2/24/21 2/24/22 2/23/23 2/26/24 - - -
1USD in Million2MXN
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 329.3 267.3 308.6 315.4 394.6 357.5 365.8 332.8 401.7 434.2 476.4 480.1 519 543.2 -
EBITDA 1 159.4 181.1 197.3 203.8 240.1 251.1 247.2 231.6 243.7 299.1 286 291.3 299.3 318.1 -
EBIT 1 135.3 166.2 181.2 185.2 211.3 222.5 232 202.9 213.4 267.4 249.7 256.4 270 285.7 -
Operating Margin 41.08% 62.18% 58.7% 58.72% 53.55% 62.23% 63.41% 60.97% 53.12% 61.59% 52.41% 53.4% 52.02% 52.59% -
Earnings before Tax (EBT) 1 127.7 154.3 186.5 175.9 195.3 193.2 212.4 210.4 219.1 264.8 269.1 272.9 278 - -
Net income 1 97.65 108.1 130 127.6 138.9 139.3 145.3 149.5 148.2 180 182.1 184.7 189.3 - -
Net margin 29.65% 40.43% 42.12% 40.45% 35.21% 38.95% 39.71% 44.91% 36.89% 41.45% 38.21% 38.48% 36.47% - -
EPS 2 6.710 7.312 8.872 8.488 8.537 8.374 8.149 9.032 8.457 10.27 10.02 10.34 10.66 12.10 -
Dividend per Share 2 9.030 - 15.03 - - - - - - - 15.93 8.515 3.493 7.632 7.632
Announcement Date 2/24/22 4/25/22 7/25/22 10/24/22 2/23/23 4/24/23 7/24/23 10/23/23 2/26/24 4/22/24 - - - - -
1USD in Million2MXN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 321 426 237 110 - - - -
Net Cash position 1 - - - - 203 472 545 903
Leverage (Debt/EBITDA) 0.5945 x 1.784 x 0.4741 x 0.1253 x - - - -
Free Cash Flow 1 251 -19.2 319 580 715 643 555 600
ROE (net income / shareholders' equity) 18.1% 6.09% 16.9% 25.3% 23.6% 24% 24% 23.5%
ROA (Net income/ Total Assets) 9.61% 3.35% 9.48% 14.6% 14.4% 16.5% 17.1% 18.5%
Assets 1 2,972 2,885 3,062 3,709 4,126 4,377 4,810 4,877
Book Value Per Share 2 104.0 112.0 124.0 139.0 150.0 164.0 171.0 197.0
Cash Flow per Share 2 28.30 9.790 34.20 44.90 45.40 64.80 59.70 52.20
Capex 1 111 163 178 151 80.1 245 422 487
Capex / Sales 12.68% 26.37% 19.57% 10.97% 5.37% 13.26% 19.62% 21.17%
Announcement Date 2/24/20 2/24/21 2/24/22 2/23/23 2/26/24 - - -
1USD in Million2MXN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
547 MXN
Average target price
630.9 MXN
Spread / Average Target
+15.33%
Consensus
  1. Stock Market
  2. Equities
  3. ASUR B Stock
  4. AEDA Stock
  5. Financials Grupo Aeroportuario del Sureste, S. A. B. de C. V.