ASR - Aeroportuario Del Sureste Stock Remains Extremely Undervalued

2025-03-15 08:14:11 ET

Summary

• ASUR remains a buy with a 7.5% return despite market losses, but faces risks from political policies, currency fluctuations, and airline capacity issues.
• Mexican airports face political pressures, but potential benefits from exchange rates; Tulum Airport impacts Cancun traffic, with recovery expected by 2026.
• ASUR's revenue grew 21.3% in 2024, driven by higher aeronautical fees and retail revenues, despite modest passenger growth and increased operating costs.
• ASUR is undervalued with a new price target of $372.94, offering an appealing investment opportunity due to strong EBITDA growth and undervaluation.

I covered Grupo Aeroportuario del Sureste or “ASUR” ( ASR , ASRMF ) in November with a buy rating. The buy rating has worked out quite well with a 7.5% return compared to the markets having lost 5.6%....

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