AerSale Corporation (ASLE) vs Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR)

AerSale Corporation and Grupo Aeroportuario del Sureste, S.A. de C.V. are both Airports & Air Services companies. Grupo Aeroportuario del Sureste, S.A. de C.V. is the larger, with a market value of $6.6B against $262.0M — 25.2× the size. AerSale Corporation has negative trailing earnings, so its P/E is not meaningful; Grupo Aeroportuario del Sureste, S.A. de C.V. trades at 13.1×. Grupo Aeroportuario del Sureste, S.A. de C.V. grew revenue faster over the last twelve months: 22.5% against −13.4%. Grupo Aeroportuario del Sureste, S.A. de C.V. has the higher net margin (26.3% vs −1.23%) and the higher return on invested capital (15.9% vs 0.28%). Across the 20 metrics below, Grupo Aeroportuario del Sureste, S.A. de C.V. leads on 14 and AerSale Corporation on 6.

Valuation

Metric ASLE ASR Airports & Air Services median
P/E n/m 13.11 —
P/S 0.84 3.46 2.67
P/B 0.61 2.64 2.64
Price to free cash flow n/m 23.88 —
EV/EBITDA 10.37 7.37 9.48
EV/Sales 0.83 3.82 2.90
Earnings yield (1.53%) 7.63% 1.84%
Free cash flow yield (13.90%) 4.19% (2.65%)

Profitability

Metric ASLE ASR Airports & Air Services median
Gross margin 28.86% 45.12% 34.42%
Operating margin 0.61% 42.49% 12.44%
Net margin (1.23%) 26.28% 6.20%
Free cash flow margin (11.71%) 14.50% 5.08%
Return on equity (0.90%) 22.51% 24.83%
Return on assets (0.56%) 11.98% 2.84%
Return on invested capital 0.28% 15.89% 5.66%

Growth

Metric ASLE ASR Airports & Air Services median
Revenue growth (TTM) (13.38%) 22.52% 12.21%
EPS growth (last fiscal year) 63.64% (10.63%) —
Revenue growth, 5-year CAGR 9.92% 26.84% 26.64%
Net income growth, 5-year CAGR 1.16% 42.71% 1.16%

Health

Metric ASLE ASR Airports & Air Services median
Debt to equity 0.01 0.55 0.48
Current ratio 3.27 3.29 1.31
Net debt to EBITDA (0.12) 0.71 0.72

Dividend

Metric ASLE ASR Airports & Air Services median
Dividend yield — 3.97% —
Payout ratio 0.00 0.00 0.00

Size

Metric ASLE ASR Airports & Air Services median
Market cap 262.02m 6.60b 4.06b

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