Added to YB: 2025-11-19
Pitch date: 2025-11-19
ASR [bullish]
Grupo Aeroportuario del Sureste, S. A. B. de C. V.
-7.26%
current return
Author Info
No bio for this author
Company Info
Grupo Aeroportuario del Sureste, S. A. B. de C. V., together with its subsidiaries, holds concessions to operate, maintain, and develop airports in the southeast region of Mexico.
Market Cap
MXN 134.5B
Pitch Price
MXN 288.00
Price Target
400.00 (+50%)
Dividend
6.69%
EV/EBITDA
8.35
P/E
13.54
EV/Sales
4.31
Sector
Transportation Infrastructure
Category
special_situation
Sureste: They Got A Great Deal On The Motiva Airports
ASR: Sureste bought Motiva's 20-airport LatAm package for just 10.6x EBITDA (vs 12-14x hoped), likely ~9x on debt-assumed basis; distressed seller. Boosts PAX 71M→130M, makes it largest Americas operator, majority rev now ex-Mexico, 17 concessions past 2040. $936M cash + $2.57B EV vs $9B mkt cap. Trades 9x EBITDA; path to low-$400s vs $298 on 12x once deal closes early 2026.
Read full article (3 min)