Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) vs Grupo Aeroportuario Del Pacifico, S.A. de C.V. (PAC)

Grupo Aeroportuario del Sureste, S.A. de C.V. and Grupo Aeroportuario Del Pacifico, S.A. de C.V. are both Airports & Air Services companies. Grupo Aeroportuario Del Pacifico, S.A. de C.V. is the larger, with a market value of $11.0B against $6.6B — 1.7× the size. Grupo Aeroportuario del Sureste, S.A. de C.V. trades at the lower P/E: 13.1× against 19.2×. Grupo Aeroportuario del Sureste, S.A. de C.V. grew revenue faster over the last twelve months: 22.5% against 14.5%. Grupo Aeroportuario del Sureste, S.A. de C.V. has the higher net margin (26.3% vs 24.5%) and the higher return on invested capital (15.9% vs 11.0%). Both pay a dividend; Grupo Aeroportuario Del Pacifico, S.A. de C.V. yields more (4.25% vs 3.97%). Across the 23 metrics below, Grupo Aeroportuario del Sureste, S.A. de C.V. leads on 17 and Grupo Aeroportuario Del Pacifico, S.A. de C.V. on 6.

Valuation

Metric ASR PAC Airports & Air Services median
P/E 13.11 19.18 —
P/S 3.46 5.45 2.67
P/B 2.64 4.04 2.64
Price to free cash flow 23.88 46.61 —
EV/EBITDA 7.37 12.51 9.48
EV/Sales 3.82 6.57 2.90
Earnings yield 7.63% 5.21% 1.84%
Free cash flow yield 4.19% 2.15% (2.65%)

Profitability

Metric ASR PAC Airports & Air Services median
Gross margin 45.12% 78.88% 34.42%
Operating margin 42.49% 43.56% 12.44%
Net margin 26.28% 24.51% 6.20%
Free cash flow margin 14.50% 11.69% 5.08%
Return on equity 22.51% 27.15% 24.83%
Return on assets 11.98% 9.57% 2.84%
Return on invested capital 15.89% 11.04% 5.66%

Growth

Metric ASR PAC Airports & Air Services median
Revenue growth (TTM) 22.52% 14.49% 12.21%
EPS growth (last fiscal year) (10.63%) 7.05% —
Revenue growth, 5-year CAGR 26.84% 31.18% 26.64%
Net income growth, 5-year CAGR 42.71% 40.15% 1.16%

Health

Metric ASR PAC Airports & Air Services median
Debt to equity 0.55 1.19 0.48
Current ratio 3.29 0.84 1.31
Net debt to EBITDA 0.71 1.99 0.72

Dividend

Metric ASR PAC Airports & Air Services median
Dividend yield 3.97% 4.25% —
Payout ratio 0.00 0.58 0.00

Size

Metric ASR PAC Airports & Air Services median
Market cap 6.60b 10.98b 4.06b

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