Announcement • Jun 24
Grupo Aeroportuario Del Sureste, S. A. B. de C. V. Approves Two Extraordinary Net Cash Dividend on B and BB Series Shares, Payable in November and December 2026 Grupo Aeroportuario del Sureste, S.A.B. de C.V. agreed to pay two extraordinary net cash dividends charged against the share repurchase reserve in the amount of MXN 10.00, each, payable in November and December 2026, to be paid in a single installment on each of the Series "B" and "BB" common shares representing paid-in capital that are issued, subscribed, paid up, and fully paid on that date, and (ii) the payment of any taxes payable by the Company in accordance with applicable tax provisions as a result of the payment of such dividend. Upcoming Dividend • May 20
Upcoming dividend of Mex$10.00 per share Eligible shareholders must have bought the stock before 27 May 2026. Payment date: 28 May 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 15%. Within top quartile of Mexican dividend payers (5.7%). Higher than average of industry peers (5.9%). Declared Dividend • Apr 27
Dividend reduced to Mex$10.00 Dividend of Mex$10.00 is 80% lower than last year. Ex-date: 27th May 2026 Payment date: 28th May 2026 Dividend yield will be 7.2%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (134% earnings payout ratio) nor is it covered by cash flows (485% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 49% to bring the payout ratio under control. EPS is expected to grow by 43% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Apr 24
Grupo Aeroportuario del Sureste, S. A. B. de C. V. Approves Ordinary Net Cash Dividend on B and BB Series Shares, Payable in May 2026 Grupo Aeroportuario del Sureste, S. A. B. de C. V. Approved at the General Annual Ordinary Shareholders' Meeting held on April 23rd, 2026 an ordinary net cash dividend from accumulated retained earnings in the amount of Ps. 10.00 (ten pesos and zero cents, Mexican legal tender) per share, payable in May 2026, to be paid out in a single installment to each of the outstanding, common, Series "B" and "BB" shares representing the paid-in capital stock of the Company, and that are issued, subscribed, fully paid and released on such date and (ii) the taxes that the Company incurs with respect to the dividend payment. Reported Earnings • Apr 19
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: Mex$34.96 (down from Mex$45.17 in FY 2024). Revenue: Mex$37.2b (up 19% from FY 2024). Net income: Mex$10.5b (down 23% from FY 2024). Profit margin: 28% (down from 43% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 8.9%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Infrastructure industry in South America. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year. Announcement • Apr 02
Grupo Aeroportuario del Sureste, S. A. B. de C. V. to Report Q1, 2026 Results on Apr 22, 2026 Grupo Aeroportuario del Sureste, S. A. B. de C. V. announced that they will report Q1, 2026 results After-Market on Apr 22, 2026 Reported Earnings • Feb 25
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: Mex$34.96 (down from Mex$45.17 in FY 2024). Revenue: Mex$37.2b (up 19% from FY 2024). Net income: Mex$10.5b (down 23% from FY 2024). Profit margin: 28% (down from 43% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 8.9%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Infrastructure industry in South America. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. Announcement • Jan 23
Grupo Aeroportuario del Sureste, S. A. B. de C. V. to Report Q4, 2025 Results on Feb 24, 2026 Grupo Aeroportuario del Sureste, S. A. B. de C. V. announced that they will report Q4, 2025 results After-Market on Feb 24, 2026 Announcement • Nov 19
Grupo Aeroportuario del Sureste, S. A. B. de C. V. (BMV:ASUR B) entered into a purchase agreement to acquire Companhia de Participações em Concessões from Motiva Infraestrutura de Mobilidade S.A. (BOVESPA:MOTV3) for BRL 5 billion. Grupo Aeroportuario del Sureste, S. A. B. de C. V. (BMV:ASUR B) entered into a purchase agreement to acquire Companhia de Participações em Concessões from Motiva Infraestrutura de Mobilidade S.A. (BOVESPA:MOTV3) for BRL 5 billion on November 18, 2025. A cash consideration of BRL 5 billion will be paid by Grupo Aeroportuario del Sureste, S. A. B. de C. V. As part of consideration, BRL 5 billion is paid towards common equity of Companhia de Participações em Concessões. Grupo Aeroportuario del Sureste expects to fund the transaction with cash on hand and committed debt financing provided by JPMorgan Chase Bank, N.A. Companhia de Participações em Concessões owns equity interests in 20 airports with concessions in Brazil, Ecuador, Costa Rica and Curaçao.
The transaction is expected to complete in first half of 2026.
Banco J.P. Morgan, S.A acted as financial advisor for Grupo Aeroportuario del Sureste, S. A. B. de C. V. Barbosa, Müssnich & Aragão Advogados acted as legal advisor for Grupo Aeroportuario del Sureste, S. A. B. de C. V. Corral & Rosales acted as legal advisor for Grupo Aeroportuario del Sureste, S. A. B. de C. V. Deloitte Legal Services acted as legal advisor for Grupo Aeroportuario del Sureste, S. A. B. de C. V. De Cuba Ormel Noordhuizen Attorneys at law acted as legal advisor for Grupo Aeroportuario del Sureste, S. A. B. de C. V. Brown Lawyers acted as legal advisor for Grupo Aeroportuario del Sureste, S. A. B. de C. V. Upcoming Dividend • Nov 19
Upcoming dividend of Mex$15.00 per share Eligible shareholders must have bought the stock before 26 November 2025. Payment date: 27 November 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 15%. Within top quartile of Mexican dividend payers (6.2%). Higher than average of industry peers (5.9%). Reported Earnings • Oct 24
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: Mex$7.05 (down from Mex$11.27 in 3Q 2024). Revenue: Mex$8.77b (up 17% from 3Q 2024). Net income: Mex$2.11b (down 38% from 3Q 2024). Profit margin: 24% (down from 45% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Infrastructure industry in South America. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 8% per year. Announcement • Oct 10
Grupo Aeroportuario del Sureste, S. A. B. de C. V. to Report Q3, 2025 Results on Oct 22, 2025 Grupo Aeroportuario del Sureste, S. A. B. de C. V. announced that they will report Q3, 2025 results After-Market on Oct 22, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of Mex$15.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 30 September 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 13%. Within top quartile of Mexican dividend payers (6.1%). Higher than average of industry peers (5.6%). Reported Earnings • Jul 24
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: Mex$7.15 (down from Mex$12.25 in 2Q 2024). Revenue: Mex$8.72b (up 18% from 2Q 2024). Net income: Mex$2.14b (down 42% from 2Q 2024). Profit margin: 25% (down from 50% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Infrastructure industry in South America. Over the last 3 years on average, earnings per share has increased by 14% per year and the company’s share price has also increased by 14% per year. Announcement • Jul 09
Grupo Aeroportuario del Sureste, S. A. B. de C. V. to Report Q2, 2025 Results on Jul 22, 2025 Grupo Aeroportuario del Sureste, S. A. B. de C. V. announced that they will report Q2, 2025 results After-Market on Jul 22, 2025 Upcoming Dividend • May 21
Upcoming dividend of Mex$50.00 per share Eligible shareholders must have bought the stock before 28 May 2025. Payment date: 29 May 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Mexican dividend payers (5.7%). In line with average of industry peers (3.5%). Declared Dividend • Apr 27
Dividend increased to Mex$50.00 Dividend of Mex$50.00 is 358% higher than last year. Ex-date: 28th May 2025 Payment date: 29th May 2025 Dividend yield will be 9.6%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (26% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 11
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: Mex$45.17 (up from Mex$34.01 in FY 2023). Revenue: Mex$31.3b (up 21% from FY 2023). Net income: Mex$13.6b (up 33% from FY 2023). Profit margin: 43% (up from 40% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 3.7%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Infrastructure industry in South America. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Apr 10
Grupo Aeroportuario del Sureste, S. A. B. de C. V. to Report Q1, 2025 Results on Apr 22, 2025 Grupo Aeroportuario del Sureste, S. A. B. de C. V. announced that they will report Q1, 2025 results After-Market on Apr 22, 2025 Reported Earnings • Feb 25
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: Mex$45.17 (up from Mex$34.01 in FY 2023). Revenue: Mex$31.3b (up 21% from FY 2023). Net income: Mex$13.6b (up 33% from FY 2023). Profit margin: 43% (up from 40% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 3.7%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Infrastructure industry in South America. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 23
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: Mex$11.27 (up from Mex$9.03 in 3Q 2023). Revenue: Mex$7.48b (up 18% from 3Q 2023). Net income: Mex$3.38b (up 25% from 3Q 2023). Profit margin: 45% (up from 43% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Infrastructure industry in South America. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 25
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: Mex$12.25 (up from Mex$8.15 in 2Q 2023). Revenue: Mex$7.39b (up 20% from 2Q 2023). Net income: Mex$3.67b (up 50% from 2Q 2023). Profit margin: 50% (up from 40% in 2Q 2023). Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) exceeded analyst estimates by 24%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Infrastructure industry in South America. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Grupo Aeroportuario del Sureste, S. A. B. de C. V. to Report Q2, 2024 Results on Jul 23, 2024 Grupo Aeroportuario del Sureste, S. A. B. de C. V. announced that they will report Q2, 2024 results After-Market on Jul 23, 2024 Upcoming Dividend • Jun 18
Upcoming dividend of Mex$10.00 per share Eligible shareholders must have bought the stock before 25 June 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Mexican dividend payers (6.6%). Lower than average of industry peers (4.7%). Upcoming Dividend • Jun 18
Upcoming dividend of Mex$10.00 per share Eligible shareholders must have bought the stock before 25 June 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Mexican dividend payers (6.7%). Lower than average of industry peers (4.6%). Upcoming Dividend • May 21
Upcoming dividend of Mex$10.93 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 29 May 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Mexican dividend payers (6.5%). Lower than average of industry peers (4.2%). Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. Non-Independent Director Pablo Hernandez was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Declared Dividend • Apr 28
Dividend increased to Mex$10.93 Dividend of Mex$10.93 is 10% higher than last year. Ex-date: 28th May 2024 Payment date: 29th May 2024 Dividend yield will be 3.4%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (29% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 25
Grupo Aeroportuario Del Sureste, S. A. B. De C. V. Approves to Pay an Ordinary Net Dividend and Extraordinary Net Dividend, Payable in May 2024 and June 2024, Respectively Grupo Aeroportuario del Sureste, S.A.B. de C.V. at its General Ordinary Shareholders' Meeting held on April 24th, 2024, approved of an ordinary cash dividend from accumulated retained earnings in the amount of Ps. 10.926 (ten pesos and ninety-two point six cents, Mexican legal tender) per share, payable in May 2024; as well as an extraordinary cash dividend from accumulated retained earnings in the amount of Ps. 10.00 (ten pesos and zero cents, Mexican legal tender) per share, payable in June 2024, to be paid out in a single installment to each of the outstanding, common, Series "B" and "BB" shares representing the paid-in capital stock of the Company, and that are issued, subscribed, fully paid and released on such date and (ii) the taxes that the Company incurs with respect to the dividend payment. Reported Earnings • Apr 17
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: Mex$34.01 (up from Mex$33.29 in FY 2022). Revenue: Mex$25.8b (up 2.0% from FY 2022). Net income: Mex$10.2b (up 2.2% from FY 2022). Profit margin: 40% (in line with FY 2022). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 2.2%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Infrastructure industry in South America. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Apr 12
Grupo Aeroportuario del Sureste, S. A. B. de C. V. to Report Q1, 2024 Results on Apr 23, 2024 Grupo Aeroportuario del Sureste, S. A. B. de C. V. announced that they will report Q1, 2024 results After-Market on Apr 23, 2024 Reported Earnings • Feb 27
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: Mex$34.01 (up from Mex$33.29 in FY 2022). Revenue: Mex$25.8b (up 2.0% from FY 2022). Net income: Mex$10.2b (up 2.2% from FY 2022). Profit margin: 40% (in line with FY 2022). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 2.2%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Infrastructure industry in South America. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jan 31
Grupo Aeroportuario del Sureste, S. A. B. de C. V. to Report Q4, 2023 Results on Feb 26, 2024 Grupo Aeroportuario del Sureste, S. A. B. de C. V. announced that they will report Q4, 2023 results After-Market on Feb 26, 2024 Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to Mex$508, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Infrastructure industry in South America. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$272 per share. Upcoming Dividend • Nov 20
Upcoming dividend of Mex$10.00 per share at 5.0% yield Eligible shareholders must have bought the stock before 27 November 2023. Payment date: 29 November 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Mexican dividend payers (7.2%). Higher than average of industry peers (4.3%). Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: Mex$9.03 (vs Mex$8.49 in 3Q 2022) Third quarter 2023 results: EPS: Mex$9.03 (up from Mex$8.49 in 3Q 2022). Revenue: Mex$6.34b (flat on 3Q 2022). Net income: Mex$2.71b (up 6.4% from 3Q 2022). Profit margin: 43% (up from 41% in 3Q 2022). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Infrastructure industry in South America. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to Mex$362, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Infrastructure industry in South America. Total returns to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$353 per share. Announcement • Oct 05
Grupo Aeroportuario del Sureste, S. A. B. de C. V. to Report Q3, 2023 Results on Oct 23, 2023 Grupo Aeroportuario del Sureste, S. A. B. de C. V. announced that they will report Q3, 2023 results at 3:00 PM, Central Standard Time on Oct 23, 2023 Announcement • Jul 26
Grupo Aeroportuario del Sureste, S. A. B. de C. V. (BMV:ASUR B) acquired 25% stake in Aeropuerto Internacional Bávaro(AIB). Grupo Aeroportuario del Sureste, S. A. B. de C. V. (BMV:ASUR B) acquired 25% stake in Aeropuerto Internacional Bávaro(AIB) on July 25, 2023.Grupo Aeroportuario del Sureste, S. A. B. de C. V. (BMV:ASUR B) completed the acquisition of 25% stake in Aeropuerto Internacional Bávaro(AIB) on July 25, 2023. Reported Earnings • Jul 26
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: EPS: Mex$8.15 (down from Mex$8.95 in 2Q 2022). Revenue: Mex$6.16b (down 2.6% from 2Q 2022). Net income: Mex$2.44b (down 9.0% from 2Q 2022). Profit margin: 40% (down from 43% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Infrastructure industry in South America. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • Jul 13
Grupo Aeroportuario del Sureste, S. A. B. de C. V. to Report Q2, 2023 Results on Jul 24, 2023 Grupo Aeroportuario del Sureste, S. A. B. de C. V. announced that they will report Q2, 2023 results After-Market on Jul 24, 2023 Upcoming Dividend • May 22
Upcoming dividend of Mex$9.93 per share at 1.8% yield Eligible shareholders must have bought the stock before 29 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Mexican dividend payers (6.7%). Lower than average of industry peers (3.3%).