GRUPO AEROPORTUARIO SUR-ADR (ASR) Stock Fundamental Analysis
NYSE:ASR - New York Stock Exchange, Inc. - US40051E2028 - ADR - Currency: USD
We assign a fundamental rating of 8 out of 10 to ASR. ASR was compared to 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 may be a bit undervalued, certainly considering the very reasonable score on growth With these ratings, ASR could be worth investigating further for value and quality investing!.
1. Profitability
1.1 Basic Checks
In the past year ASR was profitable.
ASR had a positive operating cash flow in the past year.
ASR had positive earnings in each of the past 5 years.
In the past 5 years ASR always reported a positive cash flow from operatings.
1.2 Ratios
ASR's Return On Assets of 16.13% is amongst the best of the industry. ASR outperforms 85.71% of its industry peers.
Looking at the Return On Equity, with a value of 24.21%, ASR is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
ASR has a Return On Invested Capital of 15.78%. This is in the better half of the industry: ASR outperforms 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 Profit Margin of 42.79%. This is amongst the best in the industry. ASR outperforms 100.00% of its industry peers.
ASR's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 55.19%, ASR belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
In the last couple of years the Operating Margin of ASR has grown nicely.
ASR has a Gross Margin (58.70%) which is in line with its industry peers.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ASR is still creating some value.
The number of shares outstanding for ASR has been reduced compared to 1 year ago.
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 5.84. This indicates that ASR is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of ASR (5.84) is better than 100.00% 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 better Debt to FCF ratio (1.22) than 100.00% of its industry peers.
A Debt/Equity ratio of 0.21 indicates that ASR is not too dependend on debt financing.
ASR has a Debt to Equity ratio of 0.21. This is amongst the best in the industry. ASR outperforms 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 1.22 | ||
| Altman-Z | 5.84 |
ROIC/WACC1.35
WACC11.72%
2.3 Liquidity
A Current Ratio of 5.16 indicates that ASR has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 5.16, ASR belongs to the top 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 29.80% 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.
ASR shows a strong growth in Revenue. In the last year, the Revenue has grown by 21.93%.
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)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 small growth in Earnings Per Share. The EPS will grow by 7.99% on average per year.
Based on estimates for the next years, ASR will show a quite strong growth in Revenue. The Revenue will grow by 10.62% on average per year.
EPS Next Y3.22%
EPS Next 2Y5.88%
EPS Next 3Y7.53%
EPS Next 5Y7.99%
Revenue Next Year18.53%
Revenue Next 2Y13.75%
Revenue Next 3Y11.07%
Revenue Next 5Y10.62%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
ASR is valuated correctly with a Price/Earnings ratio of 12.45.
Based on the Price/Earnings ratio, ASR is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.34, ASR is valued rather cheaply.
The Price/Forward Earnings ratio is 11.47, which indicates a very decent valuation of ASR.
85.71% of the companies in the same industry are more expensive than ASR, based on the Price/Forward Earnings ratio.
ASR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.45 | ||
| Fwd PE | 11.47 |
4.2 Price Multiples
ASR's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ASR is cheaper than 71.43% of the companies 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 | 16.44 | ||
| EV/EBITDA | 8.14 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ASR does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of ASR may justify a higher PE ratio.
PEG (NY)3.87
PEG (5Y)0.63
EPS Next 2Y5.88%
EPS Next 3Y7.53%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.39%, ASR has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.98, ASR pays a bit more dividend than its industry peers.
ASR's Dividend Yield is a higher than the S&P500 average which is at 2.40.
| 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.
The dividend of ASR decreased 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%
306.7
-3.35 (-1.08%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners20.9%
Inst Owner Change8.7%
Ins Owners8.28%
Ins Owner ChangeN/A
Market Cap9.20B
Analysts76.67
Price Target330.91 (7.89%)
Short Float %0.64%
Short Ratio1.31
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.39% |
Yearly Dividend11.45
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)0.2%
PT rev (3m)17.91%
EPS NQ rev (1m)-2.61%
EPS NQ rev (3m)-5.08%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.34%
Revenue NQ rev (1m)1.08%
Revenue NQ rev (3m)4.58%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.45 | ||
| Fwd PE | 11.47 | ||
| P/S | 5.33 | ||
| P/FCF | 16.44 | ||
| P/OCF | 11.27 | ||
| P/B | 3.01 | ||
| P/tB | 82.82 | ||
| EV/EBITDA | 8.14 |
EPS(TTM)24.63
EY8.03%
EPS(NY)26.75
Fwd EY8.72%
FCF(TTM)18.66
FCFY6.08%
OCF(TTM)27.21
OCFY8.87%
SpS57.56
BVpS101.73
TBVpS3.7
PEG (NY)3.87
PEG (5Y)0.63
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 | 5.84 |
F-Score7
WACC11.72%
ROIC/WACC1.35
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 5Y7.99%
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 5Y10.62%
EBIT growth 1Y14.11%
EBIT growth 3Y26.49%
EBIT growth 5Y15.61%
EBIT Next Year25.53%
EBIT Next 3Y15.32%
EBIT Next 5Y13.65%
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%