GRUPO AEROPORTUARIO SUR-ADR (ASR) Stock Fundamental Analysis
NYSE:ASR - New York Stock Exchange, Inc. - US40051E2028 - ADR - Currency: USD
ASR gets a fundamental rating of 8 out of 10. The analysis compared the fundamentals against 7 industry peers in the Transportation Infrastructure industry. ASR has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. ASR has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination! With these ratings, ASR could be worth investigating further 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.
Each year in the past 5 years ASR had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 16.13%, ASR belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
ASR has a Return On Equity (24.21%) which is in line with its industry peers.
ASR has a better Return On Invested Capital (15.78%) than 71.43% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ASR is in line with the industry average of 15.25%.
| 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
With an excellent Profit Margin value of 42.79%, ASR belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Profit Margin of ASR has grown nicely.
The Operating Margin of ASR (55.19%) is better than 100.00% of its industry peers.
In the last couple of years the Operating Margin of ASR has grown nicely.
ASR has a Gross Margin of 58.70%. This is comparable to the rest of the industry: ASR outperforms 57.14% of its industry peers.
In the last couple of years the Gross Margin of ASR has grown nicely.
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ASR is creating some value.
ASR has less shares outstanding than it did 1 year ago.
ASR has less shares outstanding than it did 5 years ago.
ASR has a better debt/assets ratio than last year.
2.2 Solvency
ASR has an Altman-Z score of 6.02. This indicates that ASR is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 6.02, ASR belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
ASR has a debt to FCF ratio of 1.22. This is a very positive value and a sign of high solvency as it would only need 1.22 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 1.22, ASR belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
ASR has a Debt/Equity ratio of 0.21. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of ASR (0.21) is better than 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 1.22 | ||
| Altman-Z | 6.02 |
ROIC/WACC1.05
WACC15.01%
2.3 Liquidity
A Current Ratio of 5.16 indicates that ASR has no problem at all paying its short term obligations.
With an excellent Current ratio value of 5.16, ASR belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
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.
With an excellent Quick ratio value of 5.14, ASR belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.16 | ||
| Quick Ratio | 5.14 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 311.37% over the past year.
ASR shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.91% yearly.
The Revenue has grown by 21.93% in the past year. This is a very strong growth!
ASR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.25% yearly.
EPS 1Y (TTM)311.37%
EPS 3Y31.31%
EPS 5Y19.91%
EPS Q2Q%998.3%
Revenue 1Y (TTM)21.93%
Revenue growth 3Y18.59%
Revenue growth 5Y13.25%
Sales Q2Q%13.71%
3.2 Future
The Earnings Per Share is expected to grow by 8.29% on average over the next years. This is quite good.
The Revenue is expected to grow by 11.50% on average over the next years. This is quite good.
EPS Next Y3.22%
EPS Next 2Y5.88%
EPS Next 3Y7.53%
EPS Next 5Y8.29%
Revenue Next Year17.52%
Revenue Next 2Y14.06%
Revenue Next 3Y10.6%
Revenue Next 5Y11.5%
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 4.15 indicates a rather cheap valuation of ASR.
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.
Compared to an average S&P500 Price/Earnings ratio of 28.22, ASR is valued rather cheaply.
With a Price/Forward Earnings ratio of 12.12, ASR is valued correctly.
Based on the Price/Forward Earnings ratio, ASR is valued cheaply inside the industry as 85.71% of the companies are valued more expensively.
ASR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 20.86, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.15 | ||
| Fwd PE | 12.12 |
4.2 Price Multiples
71.43% of the companies in the same industry are more expensive than ASR, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, ASR is valued a bit cheaper than 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.37 | ||
| EV/EBITDA | 8.58 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
ASR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.29
PEG (5Y)0.21
EPS Next 2Y5.88%
EPS Next 3Y7.53%
5. Dividend
5.1 Amount
ASR has a Yearly Dividend Yield of 3.39%. Purely for dividend investing, there may be better candidates out there.
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 2.44.
| 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 been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of ASR decreased recently.
Dividend Growth(5Y)16.82%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
44.89% of the earnings are spent on dividend by ASR. 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%
314.27
-1.98 (-0.63%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners23.59%
Inst Owner Change-0.18%
Ins Owners8.28%
Ins Owner ChangeN/A
Market Cap9.43B
Analysts79.17
Price Target297.97 (-5.19%)
Short Float %0.96%
Short Ratio2.62
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.39% |
Yearly Dividend11.15
Dividend Growth(5Y)16.82%
DP44.89%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)404.34%
Min EPS beat(2)3.44%
Max EPS beat(2)805.24%
EPS beat(4)4
Avg EPS beat(4)208.99%
Min EPS beat(4)3.44%
Max EPS beat(4)805.24%
EPS beat(8)5
Avg EPS beat(8)104.42%
EPS beat(12)8
Avg EPS beat(12)72.04%
EPS beat(16)12
Avg EPS beat(16)62.11%
Revenue beat(2)0
Avg Revenue beat(2)-6.96%
Min Revenue beat(2)-12.48%
Max Revenue beat(2)-1.44%
Revenue beat(4)0
Avg Revenue beat(4)-7.38%
Min Revenue beat(4)-12.48%
Max Revenue beat(4)-1.44%
Revenue beat(8)1
Avg Revenue beat(8)-3.84%
Revenue beat(12)3
Avg Revenue beat(12)5.54%
Revenue beat(16)5
Avg Revenue beat(16)4.43%
PT rev (1m)6.18%
PT rev (3m)8.88%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.94%
EPS NY rev (1m)-0.44%
EPS NY rev (3m)-3.09%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.99%
Revenue NY rev (1m)-0.21%
Revenue NY rev (3m)-0.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.15 | ||
| Fwd PE | 12.12 | ||
| P/S | 5.63 | ||
| P/FCF | 17.37 | ||
| P/OCF | 11.91 | ||
| P/B | 3.19 | ||
| P/tB | 87.52 | ||
| EV/EBITDA | 8.58 |
EPS(TTM)75.68
EY24.08%
EPS(NY)25.94
Fwd EY8.25%
FCF(TTM)18.09
FCFY5.76%
OCF(TTM)26.38
OCFY8.39%
SpS55.81
BVpS98.64
TBVpS3.59
PEG (NY)1.29
PEG (5Y)0.21
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 | 6.02 |
F-Score7
WACC15.01%
ROIC/WACC1.05
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)311.37%
EPS 3Y31.31%
EPS 5Y19.91%
EPS Q2Q%998.3%
EPS Next Y3.22%
EPS Next 2Y5.88%
EPS Next 3Y7.53%
EPS Next 5Y8.29%
Revenue 1Y (TTM)21.93%
Revenue growth 3Y18.59%
Revenue growth 5Y13.25%
Sales Q2Q%13.71%
Revenue Next Year17.52%
Revenue Next 2Y14.06%
Revenue Next 3Y10.6%
Revenue Next 5Y11.5%
EBIT growth 1Y14.11%
EBIT growth 3Y26.49%
EBIT growth 5Y15.61%
EBIT Next Year25.48%
EBIT Next 3Y15.32%
EBIT Next 5Y13.97%
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%