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 $6.5B against $223.8M — 29.1× 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 12.9×. 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 12.86 —
P/S 0.74 3.40 2.68
P/B 0.54 2.59 2.56
Price to free cash flow n/m 23.44 —
EV/EBITDA 9.14 7.24 8.55
EV/Sales 0.73 3.76 2.91
Earnings yield (1.73%) 7.77% 1.90%
Free cash flow yield (15.74%) 4.27% (1.78%)

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%) 10.67%
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 — 2.41% —
Payout ratio — 0.31 —

Size

Metric ASLE ASR Airports & Air Services median
Market cap 223.84m 6.51b 3.93b

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