GRUPO AEROPORTUARIO SUR-ADR (ASR) Stock Fundamental Analysis
NYSE:ASR - New York Stock Exchange, Inc. - US40051E2028 - ADR - Currency: USD
Overall ASR gets a fundamental rating of 8 out of 10. We evaluated ASR against 7 industry peers in the Transportation Infrastructure industry. ASR gets an excellent profitability rating and is at the same time showing great financial health properties. ASR has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination! These ratings would make ASR suitable for value and growth and quality investing!
1. Profitability
1.1 Basic Checks
In the past year ASR was profitable.
In the past year ASR had a positive cash flow from operations.
Each year in the past 5 years ASR has been profitable.
ASR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ASR has a better Return On Assets (16.13%) than 85.71% of its industry peers.
ASR's Return On Equity of 24.21% is fine compared to the rest of the industry. ASR outperforms 71.43% of its industry peers.
ASR has a better Return On Invested Capital (15.78%) than 71.43% of its industry peers.
ASR had an Average Return On Invested Capital over the past 3 years of 16.02%. This is in line with the industry average of 14.57%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.13% | ||
| ROE | 24.21% | ||
| ROIC | 15.78% |
ROA(3y)14.93%
ROA(5y)11.43%
ROE(3y)23.9%
ROE(5y)18.73%
ROIC(3y)16.02%
ROIC(5y)12.4%
1.3 Margins
ASR has a better Profit Margin (42.79%) than 100.00% of its industry peers.
In the last couple of years the Profit Margin of ASR has grown nicely.
ASR's Operating Margin of 55.19% is amongst the best of the industry. ASR outperforms 85.71% of its industry peers.
ASR's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 58.70%, ASR is in line with its industry, outperforming 42.86% of the companies in the same industry.
ASR's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 55.19% | ||
| PM (TTM) | 42.79% | ||
| GM | 58.7% |
OM growth 3Y6.65%
OM growth 5Y2.09%
PM growth 3Y10.73%
PM growth 5Y5.89%
GM growth 3Y6.23%
GM growth 5Y2.35%
2. Health
2.1 Basic Checks
ASR has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, ASR has less shares outstanding
Compared to 5 years ago, ASR has less shares outstanding
The debt/assets ratio for ASR has been reduced compared to a year ago.
2.2 Solvency
ASR has an Altman-Z score of 5.82. This indicates that ASR is financially healthy and has little risk of bankruptcy at the moment.
ASR has a better Altman-Z score (5.82) than 85.71% of its industry peers.
The Debt to FCF ratio of ASR is 1.22, which is an excellent value as it means it would take ASR, only 1.22 years of fcf income to pay off all of its debts.
ASR has a Debt to FCF ratio of 1.22. This is amongst the best in the industry. ASR outperforms 100.00% of its industry peers.
A Debt/Equity ratio of 0.21 indicates that ASR is not too dependend on debt financing.
ASR's Debt to Equity ratio of 0.21 is amongst the best of the industry. ASR outperforms 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 1.22 | ||
| Altman-Z | 5.82 |
ROIC/WACC1.37
WACC11.5%
2.3 Liquidity
ASR has a Current Ratio of 5.16. This indicates that ASR is financially healthy and has no problem in meeting its short term obligations.
ASR has a Current ratio of 5.16. This is amongst the best in the industry. ASR outperforms 85.71% of its industry peers.
ASR has a Quick Ratio of 5.14. This indicates that ASR is financially healthy and has no problem in meeting its short term obligations.
ASR has a Quick ratio of 5.14. This is amongst the best in the industry. ASR outperforms 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.16 | ||
| Quick Ratio | 5.14 |
3. Growth
3.1 Past
ASR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 29.80%, which is quite impressive.
Measured over the past years, ASR shows a quite strong growth in Earnings Per Share. The EPS has been growing by 19.91% on average per year.
Looking at the last year, ASR shows a very strong growth in Revenue. The Revenue has grown by 21.93%.
Measured over the past years, ASR shows a quite strong growth in Revenue. The Revenue has been growing by 13.25% on average per year.
EPS 1Y (TTM)29.8%
EPS 3Y31.31%
EPS 5Y19.91%
EPS Q2Q%14.07%
Revenue 1Y (TTM)21.93%
Revenue growth 3Y18.59%
Revenue growth 5Y13.25%
Sales Q2Q%18.19%
3.2 Future
Based on estimates for the next years, ASR will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.38% on average per year.
The Revenue is expected to grow by 10.52% on average over the next years. This is quite good.
EPS Next Y3.22%
EPS Next 2Y5.88%
EPS Next 3Y7.53%
EPS Next 5Y8.38%
Revenue Next Year18.53%
Revenue Next 2Y13.75%
Revenue Next 3Y11.07%
Revenue Next 5Y10.52%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
ASR is valuated correctly with a Price/Earnings ratio of 12.34.
ASR's Price/Earnings ratio is rather cheap when compared to the industry. ASR is cheaper than 100.00% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.30. ASR is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 11.36, which indicates a very decent valuation of ASR.
Based on the Price/Forward Earnings ratio, ASR is valued cheaply inside the industry as 85.71% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, ASR is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.34 | ||
| Fwd PE | 11.36 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ASR indicates a somewhat cheap valuation: ASR is cheaper than 71.43% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, ASR is valued cheaper than 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.29 | ||
| EV/EBITDA | 8.11 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
ASR has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)3.83
PEG (5Y)0.62
EPS Next 2Y5.88%
EPS Next 3Y7.53%
5. Dividend
5.1 Amount
ASR has a Yearly Dividend Yield of 3.39%.
ASR's Dividend Yield is a higher than the industry average which is at 3.98.
ASR's Dividend Yield is a higher than the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.39% |
5.2 History
The dividend of ASR is nicely growing with an annual growth rate of 16.82%!
ASR has paid a dividend for at least 10 years, which is a reliable track record.
ASR has decreased its dividend recently.
Dividend Growth(5Y)16.82%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
ASR pays out 44.89% of its income as dividend. This is a bit on the high side, but may be sustainable.
ASR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP44.89%
EPS Next 2Y5.88%
EPS Next 3Y7.53%
308.31
-5.4 (-1.72%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners20.9%
Inst Owner Change0%
Ins Owners8.28%
Ins Owner ChangeN/A
Market Cap9.25B
Analysts76.67
Price Target317.68 (3.04%)
Short Float %0.86%
Short Ratio1.56
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.39% |
Yearly Dividend11.67
Dividend Growth(5Y)16.82%
DP44.89%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.61%
Min EPS beat(2)-4.66%
Max EPS beat(2)3.44%
EPS beat(4)3
Avg EPS beat(4)6.51%
Min EPS beat(4)-4.66%
Max EPS beat(4)17.07%
EPS beat(8)4
Avg EPS beat(8)3.18%
EPS beat(12)7
Avg EPS beat(12)4.55%
EPS beat(16)11
Avg EPS beat(16)11.49%
Revenue beat(2)0
Avg Revenue beat(2)-4.7%
Min Revenue beat(2)-7.97%
Max Revenue beat(2)-1.44%
Revenue beat(4)0
Avg Revenue beat(4)-6.25%
Min Revenue beat(4)-8.78%
Max Revenue beat(4)-1.44%
Revenue beat(8)1
Avg Revenue beat(8)-3.28%
Revenue beat(12)3
Avg Revenue beat(12)5.92%
Revenue beat(16)5
Avg Revenue beat(16)4.71%
PT rev (1m)-3.81%
PT rev (3m)11.99%
EPS NQ rev (1m)-1.07%
EPS NQ rev (3m)-6.09%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.44%
Revenue NQ rev (1m)-1.12%
Revenue NQ rev (3m)3.41%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.34 | ||
| Fwd PE | 11.36 | ||
| P/S | 5.28 | ||
| P/FCF | 16.29 | ||
| P/OCF | 11.17 | ||
| P/B | 2.99 | ||
| P/tB | 82.05 | ||
| EV/EBITDA | 8.11 |
EPS(TTM)24.99
EY8.11%
EPS(NY)27.14
Fwd EY8.8%
FCF(TTM)18.93
FCFY6.14%
OCF(TTM)27.61
OCFY8.96%
SpS58.41
BVpS103.23
TBVpS3.76
PEG (NY)3.83
PEG (5Y)0.62
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.13% | ||
| ROE | 24.21% | ||
| ROCE | 22.24% | ||
| ROIC | 15.78% | ||
| ROICexc | 21.91% | ||
| ROICexgc | 463.68% | ||
| OM | 55.19% | ||
| PM (TTM) | 42.79% | ||
| GM | 58.7% | ||
| FCFM | 32.41% |
ROA(3y)14.93%
ROA(5y)11.43%
ROE(3y)23.9%
ROE(5y)18.73%
ROIC(3y)16.02%
ROIC(5y)12.4%
ROICexc(3y)20.67%
ROICexc(5y)15.59%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)22.59%
ROCE(5y)17.48%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y23.19%
ROICexc growth 5Y11.8%
OM growth 3Y6.65%
OM growth 5Y2.09%
PM growth 3Y10.73%
PM growth 5Y5.89%
GM growth 3Y6.23%
GM growth 5Y2.35%
F-Score7
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 1.22 | ||
| Debt/EBITDA | 0.58 | ||
| Cap/Depr | 202.04% | ||
| Cap/Sales | 14.86% | ||
| Interest Coverage | 19.06 | ||
| Cash Conversion | 75.58% | ||
| Profit Quality | 75.75% | ||
| Current Ratio | 5.16 | ||
| Quick Ratio | 5.14 | ||
| Altman-Z | 5.82 |
F-Score7
WACC11.5%
ROIC/WACC1.37
Cap/Depr(3y)130.08%
Cap/Depr(5y)149.5%
Cap/Sales(3y)10.1%
Cap/Sales(5y)15.26%
Profit Quality(3y)102.79%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)29.8%
EPS 3Y31.31%
EPS 5Y19.91%
EPS Q2Q%14.07%
EPS Next Y3.22%
EPS Next 2Y5.88%
EPS Next 3Y7.53%
EPS Next 5Y8.38%
Revenue 1Y (TTM)21.93%
Revenue growth 3Y18.59%
Revenue growth 5Y13.25%
Sales Q2Q%18.19%
Revenue Next Year18.53%
Revenue Next 2Y13.75%
Revenue Next 3Y11.07%
Revenue Next 5Y10.52%
EBIT growth 1Y14.11%
EBIT growth 3Y26.49%
EBIT growth 5Y15.61%
EBIT Next Year25.53%
EBIT Next 3Y15.32%
EBIT Next 5Y13.55%
FCF growth 1Y-8.29%
FCF growth 3Y18.87%
FCF growth 5Y13.68%
OCF growth 1Y9.16%
OCF growth 3Y14.6%
OCF growth 5Y12.87%