Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of Grupo Aeroportuario del Sureste S. A. B. de C. V stock MXN 759, price MXN 442, upside +71.6%, quality 62 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 18, 2026.
How to read this chart
60‑month range 261.79 MXN – 638.54 MXN · fair‑value band 333.73 MXN – 993.81 MXN · the 442.37 MXN price screens below the 759.25 MXN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 18, 2026.
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Grupo Aeroportuario del Sureste, S. A. B. de C. V., together with its subsidiaries, holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates through Cancún, Aerostar, Airplan, Mérida, Villahermosa, Holding & Services, and Other segments.
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It operates the airports in Cozumel, Huatulco, Mérida, Minatitlán, Oaxaca, Tapachula, Veracruz, and Villahermosa; and offers aeronautical services, such as passenger, aircraft landing and parking, passenger walkways, and airport security.
The company also provides non-aeronautical services, such as leasing of space at its airports to retailers, restaurants, airlines, and other commercial tenants; luggage check-in, sorting and handling, aircraft servicing and cleaning, cargo handling, aircraft catering services, and assistance with passenger boarding and deplaning; and open-air parking lots for commercial vehicle operators, including taxi, bus and other ground transport operators; and other commercial activities.
In addition, the company operates various airports in Colombia, including the Enrique Olaya Herrera Airport in Medellín, the 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; and holds a lease to operate, maintain, and develop the Luis Muñoz Marín International Airport in San Juan, Puerto Rico.
Grupo Aeroportuario del Sureste, S. A. B. de C. V. was founded in 1996 and is headquartered in Mexico City, Mexico.
Stock analysis
Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB) currently trades at 442.37 MXN, while our model-based Fair Value estimate is 759.25 MXN, implying the stock looks roughly 41.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 941.80 MXN per share, and 13 of the 22 models we run sit above the 442.37 MXN price.
Bear case: the Growth DCF group reads lowest at 307.19 MXN, and 9 of the 22 models stay below the price. Data coverage for this calculation is high.
Scenario range: 333.73 MXN (bear) to 993.81 MXN (bull), the price of 442.37 MXN sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Grupo Aeroportuario del Sureste S. A. B. de C. V reported revenue of 37.2B MXN in FY2025 versus 18.8B MXN in FY2021, a compound +18.7%/yr. Reported net income was 10.5B MXN in FY2025, compounding +15.1%/yr from FY2021.
Key figures
Market cap 133B MXN (≈ $7.1B) Mid · P/E ratio 13.2 · P/S ratio 3.48 · EPS (TTM) 33.11 MXN · Net margin 26.1% · Return on equity 22.8% · Return on assets (EBIT) 19.1% · Operating margin 40.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 81 out of 100 (medium confidence).
What moves the price
The share trades about 31% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at 72%, ASURB screens cheaper than that median.
Fair Value models
Bear333.73 MXNFair Value 759.25 MXNBull993.81 MXN
Price 442.37 MXN · Upside +71.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+18.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.2%
Start year 2020 (pandemic). Over 10 years: +15.3% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.9%
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What shareholders gained per year (last 5 years), in MXN ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in MXN: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+13.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.9%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.13.9% vs 11.2%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.26% → 46%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+20.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+9.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (Mexico: IMF forecast 3.3% a year to 2030, 4.8% from 2016 to 2025) that is about +17.1% a year for the price and +5.5% for the forecasts.
Compare Grupo Aeroportuario del Sureste S. A. B. de C. V with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Airports & Air Services · 50 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside+71.6% · Top 25%
Profitability
Return on equity (12 months)22.8% · Top 25%
Return on assets11.8% · Top 25%
Net margin (12 months)26.1% · Top 25%
Operating margin (12 months)40.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)9.9% · Top 25%
Dividend yield (12 months)18.1% · Top 25%
Balance sheet
Debt / equity0.68× · Above median
Valuation Multiplesvs Airports & Air Services median · lower = cheaper
P/E (12 months)13.2× · Cheapest 25%
P/B3.36× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Grupo Aeroportuario del Sureste S. A. B. de C. V Fair Value". https://www.fairvalue-calculator.com/stock/ASURB
Frequently asked questions
Is Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB) overvalued or undervalued?
As of Oct 18, 2026, our model estimates a fair value of 759.25 MXN versus a price of 442.37 MXN, about +72% upside (undervalued).
What is the fair value of ASURB?
Our model-based fair value for Grupo Aeroportuario del Sureste S. A. B. de C. V is 759.25 MXN (as of Oct 18, 2026), built from audited fundamentals. The current price: 442.37 MXN.
What is the quality score of ASURB?
Grupo Aeroportuario del Sureste S. A. B. de C. V has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB)?
Our model-based price target is the fair value of 759.25 MXN (as of Oct 18, 2026) from 22 valuation models. Cautious scenario 333.73 MXN, optimistic scenario 993.81 MXN. It is a calculation from audited fundamentals, not an analyst target.
What is the Grupo Aeroportuario del Sureste S. A. B. de C. V stock forecast for 2026?
Our models put fair value at 759.25 MXN, about +72% upside versus a price of 442.37 MXN (undervalued). Cautious scenario 333.73 MXN, optimistic scenario 993.81 MXN. The calculation is refreshed regularly with new filings.
What is the revenue of Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB)?
Grupo Aeroportuario del Sureste S. A. B. de C. V reported trailing-twelve-month revenue of about 38.1B MXN (latest available figure, as of Oct 18, 2026).
What growth is priced into Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB)?
For today's price to be fair in a discounted-cash-flow model, Grupo Aeroportuario del Sureste S. A. B. de C. V would have to grow free cash flow by +20.9 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +24.2 % per year. As of Oct 18, 2026.
What discount rate (WACC) does the fair value of ASURB use?
Our models discount Grupo Aeroportuario del Sureste S. A. B. de C. V at 10.5 %: a base by market capitalisation (mid), damped by beta 0.18, country premium for Mexico. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Grupo Aeroportuario del Sureste S. A. B. de C. V that is +20.9 % per year a year over ten years, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB) delivered so far?
Over the past 5 years revenue at Grupo Aeroportuario del Sureste S. A. B. de C. V grew +24.2 % a year. The price currently implies +20.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into Grupo Aeroportuario del Sureste S. A. B. de C. V (+20.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB)?
The free-cash-flow yield on the price is 3.42 %: that much free cash flow Grupo Aeroportuario del Sureste S. A. B. de C. V produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Grupo Aeroportuario del Sureste S. A. B. de C. V it is 759.25 MXN per share (as of Oct 18, 2026), against a price of 442.37 MXN. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Grupo Aeroportuario del Sureste S. A. B. de C. V stock overvalued or undervalued in 2026?
As of Oct 18, 2026, ASURB trades below its calculated fair value: price 442.37 MXN, fair value 759.25 MXN, a gap of about +72% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ASURB?
No. The price is what the market pays today (442.37 MXN); the fair value is what the company's own numbers justify (759.25 MXN). For Grupo Aeroportuario del Sureste S. A. B. de C. V the two are 316.88 MXN per share apart. That gap is exactly why we show both numbers side by side.
How much is Grupo Aeroportuario del Sureste S. A. B. de C. V worth?
The market values Grupo Aeroportuario del Sureste S. A. B. de C. V at about 133B MXN (market capitalisation, as of Oct 18, 2026). Per share that is 442.37 MXN; our models calculate a fair value of 759.25 MXN per share.
What do the bullish and bearish scenarios say about ASURB?
Our models span a range for Grupo Aeroportuario del Sureste S. A. B. de C. V: cautious scenario 333.73 MXN, base 759.25 MXN, optimistic 993.81 MXN per share (as of Oct 18, 2026, price 442.37 MXN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ASURB?
Grupo Aeroportuario del Sureste S. A. B. de C. V trades at a price-to-earnings ratio of 13.2 (as of Oct 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 759.25 MXN is built from several models across several years. Other multiples: PEG 17.9, P/B 3.4, P/S 3.5, EV/EBITDA 7.5.
What is the PEG ratio of ASURB?
The PEG ratio of Grupo Aeroportuario del Sureste S. A. B. de C. V is 17.90 (P/E divided by earnings growth, as of Oct 18, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB)?
Balance-sheet figures for Grupo Aeroportuario del Sureste S. A. B. de C. V (as of Oct 18, 2026): return on equity 22.8%, debt of 0.68 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is ASURB from its 52-week high?
Grupo Aeroportuario del Sureste S. A. B. de C. V trades at 442.37 MXN, about 31% below its 52-week high of 638.54 MXN and 6% above the low of 416.04 MXN (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of 759.25 MXN is for.
Which stocks are comparable to Grupo Aeroportuario del Sureste S. A. B. de C. V?
From the same area (Industrials) we also value Aena S.M.E., S.A, Airports of Thailand Public Company, GMR Airports Limited, Shanghai International Airport Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Grupo Aeroportuario del Sureste S. A. B. de C. V stock attractive at the current price?
The data as of Oct 18, 2026: price 442.37 MXN, calculated fair value 759.25 MXN (+72%), Quality Score 62/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ASURB calculated?
We run Grupo Aeroportuario del Sureste S. A. B. de C. V through 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 759.25 MXN, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.2 % above its aggregate fair value. Grupo Aeroportuario del Sureste S. A. B. de C. V currently trades 42 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB)?
The closing price on Oct 19, 2026 was 442.37 MXN. Our model-based fair value is 759.25 MXN, about +72% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Grupo Aeroportuario del Sureste S. A. B. de C. V right now?
The model range is unusually wide (333.73 MXN to 993.81 MXN). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Grupo Aeroportuario del Sureste S. A. B. de C. V
How large is the market capitalisation of Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB)?
The market capitalisation of Grupo Aeroportuario del Sureste S. A. B. de C. V is 133B MXN (≈ $7.1B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB)?
The price-to-sales ratio of Grupo Aeroportuario del Sureste S. A. B. de C. V is 3.48 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB)?
Earnings per share at Grupo Aeroportuario del Sureste S. A. B. de C. V are 33.11 MXN (price ÷ EPS = P/E 13.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB)?
The net margin of Grupo Aeroportuario del Sureste S. A. B. de C. V is 26.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB)?
The return on equity (ROE) of Grupo Aeroportuario del Sureste S. A. B. de C. V is 22.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB)?
On an EBIT basis the return on assets of Grupo Aeroportuario del Sureste S. A. B. de C. V is 19.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB)?
The operating margin of Grupo Aeroportuario del Sureste S. A. B. de C. V is 40.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB)?
Revenue at Grupo Aeroportuario del Sureste S. A. B. de C. V is growing +9.9% versus a year earlier (3y avg +13.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB)?
Earnings per share at Grupo Aeroportuario del Sureste S. A. B. de C. V are growing +7.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Grupo Aeroportuario del Sureste S. A. B. de C. V (ASURB) carry?
The net debt of Grupo Aeroportuario del Sureste S. A. B. de C. V is 16.4B MXN (fiscal year 2025, ≈ 3.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 18, 2026