Grupo Aeroportuario del Sureste (ASR) Stock Price & How to Invest

Grupo Aeroportuario del Sureste, which operates under the ASUR brand, built its business on concessions to operate, maintain, and develop 16 airports across the Americas. That portfolio includes nine airports in southeastern Mexico (led by Cancun, plus Cozumel, Merida, Oaxaca, Veracruz, and others), six airports in northern Colombia through its Airplan unit (including the Medellin metro area hubs), and a 60% stake in Aerostar, which runs San Juan's Luis Munoz Marin International Airport in Puerto Rico. On September 1, 2026 ASUR closed its acquisition of Motiva's entire interest in Companhia de Participacoes em Concessoes (CPC) for about R$5.1 billion (US$992 million), adding 20 airports across Brazil, Ecuador, Costa Rica and Curacao that together serve roughly 45 million passengers a year. The deal was financed with a loan facility, and in October 2026 the Cancun airport subsidiary placed 6.711% senior notes due 2031 and 7.491% senior notes due 2036. Before the deal, roughly 58% of revenue came from Cancun alone, making ASR heavily tied to leisure travel to Mexico's Caribbean coast. Revenue splits between aeronautical fees (charges tied to passengers and aircraft) and a fast-growing non-aeronautical segment (retail leasing, parking, advertising, and commercial services).

The investment picture is that of a concession-protected infrastructure operator with high margins, a regular dividend, and a balance sheet that has taken on more debt to fund expansion, set against real cyclical and regulatory sensitivity. Trailing revenue is about Ps.38.1 billion and trailing net income about Ps.9.9 billion; second-quarter 2026 revenue was about Ps.9.6 billion with net income of about Ps.2.3 billion, and per-share earnings came in below consensus in three of the last four quarters. Passenger traffic has been soft, down 2.1% in August and flat in September 2026. The ADR, worth about $7.1 billion, closed at $236.50 on October 16, 2026, down about 27% year to date and 22% over a year, near the bottom of its $226 to $382 52-week range. Third-quarter results are due October 22, 2026. The key debates are the durability of Cancun-led Mexican tourism demand, the outcome of Mexican maximum-tariff and concession-fee changes, and how well the newly acquired airports, along with Colombia and Puerto Rico, diversify the mix.

The single largest risk is Cancun concentration: about 58% of revenue derived from one airport tied to leisure travel before the Motiva deal, so any sustained slowdown in Mexican Caribbean tourism hits results directly. International arrivals to Mexican beach destinations have been weak, and total ASUR traffic fell 2.1% in August 2026 and was flat in September. Mexican regulatory risk is material: authorities amended the tariff base regulation and raised the concession fee on regulated revenues (from 5.0% to 9.0% starting in 2024), and future maximum-tariff reviews could pressure returns. The Motiva acquisition adds integration risk, Brazilian real and other currency exposure, and higher debt, and earnings have missed consensus in three of the last four quarters. As an ADR of a Mexican company, the stock also carries peso currency risk, and required multi-year capital investment plans commit large sums regardless of the traffic cycle.

8 analysts publish price targets on ASR, averaging $330.22 against a $239.14 price as of October 2026, or +38.1%. The published targets run from $240.00 to $392.27, a moderate spread, and the ratings split 6 buy, 2 hold, 1 sell. Over the last six months there has been 1 raise and 1 cut among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full ASR forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Grupo Aeroportuario del Sureste. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Concession-protected airport franchise. ASR operates its airports under long-dated government concessions that work as effective local monopolies, with regulated maximum tariffs set over multi-year periods. The most optimistic published target, $392.27, assumes this works close to its best case.

The case against. The single largest risk is Cancun concentration: about 58% of revenue derived from one airport tied to leisure travel before the Motiva deal, so any sustained slowdown in Mexican Caribbean tourism hits results directly. The most pessimistic target, $240.00, is roughly what ASR is worth if this bites instead.

Read the full bull and bear case on ASR, including what would have to change to break either one. Walnut is not an investment adviser.

No. Grupo Aeroportuario del Sureste (ASR) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Grupo Aeroportuario del Sureste's investor relations page or your broker.

• Revenue (TTM): ~Ps.38.1 billion; Q2 2026 ~Ps.9.6 billion, up ~10%
• Net income (TTM): ~Ps.9.9 billion; ~26% net margin
• Market cap: ~$7.1 billion at ~$236.50 per ADR (Oct 16, 2026)
• P/E: ~12.9x trailing, ~10.2x forward
• Dividend yield: ~2.4% on the ADR
• Debt and cash: ~Ps.34.5 billion debt, ~Ps.11.6 billion cash after the Motiva deal
• Acquisition: Motiva airports (20 airports, ~45 million passengers a year) for ~US$992 million, closed Sept 1, 2026

The stock has de-rated to about 13x trailing and 10x forward earnings after a 27% year-to-date fall, cheap for a concession operator but consistent with flat traffic, recent earnings misses and a heavier debt load. Analysts expect 2026 revenue of about Ps.40.3 billion, rising to about Ps.45.5 billion in 2027 as the acquired airports are consolidated. The October 22 third-quarter report (consensus revenue about Ps.9.9 billion) is the first to include part of the Motiva platform. Figures are approximate; the ADR is denominated in US dollars while results are reported in Mexican pesos.

Other names that sit close to ASR: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get ASR exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so ASR sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where ASR fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

ASR is an established, cash-generative airport monopoly-by-concession whose long-term case rests on Latin American air travel demand, tempered by heavy Cancun dependence and Mexican regulatory risk. The Motiva deal makes it far more diversified and more leveraged at once, and the stock's slide to about 13x trailing earnings reflects flat traffic and earnings misses.

Whether ASR is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is ASR a buy or a sell?, and where the stock could go from here in the ASR stock forecast.

For income investors, whether ASR pays a dividend and how the payout looks is covered in does ASR pay a dividend? And to weigh ASR against a peer, read the full side-by-side comparisons: ASR vs PAC and ASR vs GAP.