Finance Halo
Company Overview
Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR), commonly known as ASUR, is a leading airport operator in Mexico, the Caribbean, and South America. The company holds concessions to operate and develop nine airports in southeastern Mexico, including Cancun International Airport, as well as airports in Colombia and Puerto Rico. ASUR's core business revolves around providing airport services, including terminal operations, ground handling, and retail concessions. It is a significant player in the travel infrastructure sector, benefiting from growing tourism and economic activity in its key operating regions.
Price Action Analysis
Daily Chart (3-month): The daily chart displays a recent breakout from a consolidation pattern. After trading within a range roughly between $310 and $330 for a significant period (from late November to mid-January), ASR has shown a decisive upward move. The price action on the daily chart indicates increasing upward momentum, with several strong green candles accompanied by a noticeable increase in trading volume, particularly around January 19th and January 26th. This surge in volume suggests strong conviction behind the breakout. The prior consolidation was relatively tight, characterized by numerous doji and small-bodied candles, indicating indecision. However, the recent price action has decisively cleared the upper boundary of this range.
Weekly Chart (2-year): The weekly chart provides a longer-term perspective. It shows that ASR has been in a broader uptrend over the past two years, with periods of consolidation and pullbacks. The current price action appears to be a continuation of this long-term trend, with the recent daily breakout potentially signaling the start of a new upward leg. The volume on the weekly chart also shows an uptick in recent weeks, corroborating the bullish sentiment. Key resistance levels in the past, around the $330-$340 range, have been challenged and are now being surpassed.
News & Catalysts
ASR has recently been the subject of positive developments that likely influenced its price action and volume.
- Analyst Upgrades: Both Banco Bradesco BBI S.A. and Scotiabank upgraded ASR in December 2025 and January 2026, respectively. These upgrades suggest increased confidence from financial institutions, which can attract investor interest and contribute to price increases.
- Strategic Acquisitions: ASUR's completion of the URW Airports acquisition and its deal to acquire Motiva's stake in airport businesses in South America signal expansion and a potential for future growth. Such strategic moves often generate positive sentiment and can drive up trading volume as investors react to the news.
- Traffic Announcements: Regular announcements of passenger traffic, such as those for December and November 2025, provide real-time operational data. Positive traffic figures can directly translate into higher revenue expectations, boosting investor confidence and price.
These catalysts, combined with the overall positive market sentiment towards travel and infrastructure, likely contributed to the recent breakout observed in ASR's stock.
Fundamental Analysis
Key Financial Metrics & Ratios
| Metric | Value | YoY Change |
|---|---|---|
| Revenue | $470.54M | +19.0% |
| Gross Profit | N/A | -7.7% |
| Market Capitalization | $9.69B | N/A |
| Dividend Yield | 6.99% | N/A |
Earnings and Estimates
| Metric | Latest Data | Trend | Revisions |
|---|---|---|---|
| Earnings | Increased | Positive | Mixed |
| Revenue | Increased | Positive | Mixed |
| Analyst Targets | Mixed | Mixed | N/A |
Key Takeaways:
- ASR demonstrates robust revenue growth, with a 19.0% year-over-year increase in the latest reported quarter and a 21.34% increase for the full year 2024. Earnings also saw a significant increase of 32.81% in 2024.
- The company maintains a substantial market capitalization of approximately $9.69 billion, indicating its significant presence in the market.
- ASR offers an attractive dividend yield of 6.99%, which could appeal to income-focused investors.
- While recent earnings and revenue trends are positive, there are mixed signals regarding gross profit changes and analyst estimates, suggesting a need for further scrutiny of profitability margins and future guidance.
Market & Sentiment Context
Market Context: The broader market sentiment towards the travel and infrastructure sectors appears to be cautiously optimistic. As global travel rebounds and economies stabilize, companies like ASUR, which operate in key tourism hubs, are well-positioned to benefit. However, ongoing geopolitical factors and inflation concerns could introduce volatility.
Catalysts: Key catalysts for ASR include continued recovery in air travel, successful integration of recent acquisitions, and potential positive updates on passenger traffic and operational efficiency. Analyst upgrades and strategic expansion moves also serve as positive indicators.
Investor Sentiment: The recent price action, characterized by a clear breakout on increased volume, suggests a shift towards positive investor sentiment. This could indicate accumulation by investors who anticipate further upside, potentially driven by the aforementioned catalysts and the company's fundamental strength. The tight consolidation preceding the breakout further supports the idea of underlying strength being unleashed.
Investment Outlook
ASR is exhibiting a promising technical breakout pattern, supported by positive fundamental data and recent strategic initiatives. The increased volume accompanying the breakout suggests strong buying interest. If ASR can sustain its price above the previous resistance levels, it could signal the beginning of a significant upward move. The company's solid revenue growth, attractive dividend yield, and strategic expansion efforts provide a foundation for potential future gains.
Key Buy/Sell Levels
The current price of ASR is $351.30.
Support Levels
- $330 - $335 Zone: This was the previous resistance level that ASR has now broken through. It previously acted as a ceiling for the stock. Given the recent breakout, this zone is now expected to act as a support level. It has not been touched since being broken. The distance from the current price is approximately $16.30 - $21.30, or about 4.64% - 6.06%. This level also coincides with a volume cluster seen on the daily chart, indicating significant trading activity at this price range in the past.
Resistance Levels
- $355 - $360 Zone: This is the immediate resistance area that ASR is currently testing. A decisive break above this level, supported by strong volume, would indicate further upside potential. This level is very close to the current price and may be tested or broken imminently. Based on the current price of $351.30, the distance to $355 is $3.70 (1.05%) and to $360 is $8.70 (2.48%).
The support zone is identified between $330 and $335. This area previously acted as resistance and is now expected to provide support following the breakout. It has not been tested since the breakout.
The immediate resistance is observed between $355 and $360. A successful breach of this level could propel the stock higher.
Summary & Takeaways
Grupo Aeroportuario del Sureste (ASR) presents a compelling technical breakout scenario, emerging from a period of consolidation with strong volume confirmation. The stock's price action on both daily and weekly charts indicates a potential start to a new upward trend, supported by positive fundamental performance, strategic acquisitions, and analyst upgrades.
Key takeaways include:
- Strong Breakout: ASR has successfully broken out of a multi-week consolidation range with significant volume, suggesting increased investor confidence.
- Positive Fundamentals: The company shows healthy revenue growth and offers an attractive dividend yield, although profitability margins warrant closer monitoring.
- Strategic Growth: Recent acquisitions point towards an expansion strategy that could drive future earnings.
- Key Levels: Immediate resistance is at $355-$360, while the prior resistance zone of $330-$335 now represents key support.
Investors should monitor the stock's ability to hold above the $330-$335 support and decisively break through the $355-$360 resistance. The overall outlook is positive, contingent on continued market support for the travel and infrastructure sectors and the company's ability to execute its growth strategy.