Financials GMéxico Transportes, S.A.B. de C.V.

Equities

GMXT *

MX01GM1Z0019

Ground Freight & Logistics

End-of-day quote Mexican S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
40.31 MXN +2.10% Intraday chart for GMéxico Transportes, S.A.B. de C.V. +3.78% +5.52%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,448 6,134 6,919 8,499 9,850 10,337 - -
Enterprise Value (EV) 1 6,728 6,231 8,076 9,273 10,964 11,478 11,344 11,135
P/E ratio 17.2 x 20.7 x 18.6 x 16.2 x 19.6 x 18.9 x 17.2 x 14.9 x
Yield 4.73% 3.51% 4.73% 5.48% - 5.43% 5.29% 5.62%
Capitalization / Revenue 2.18 x 2.66 x 2.8 x 2.93 x 3 x 2.89 x 2.74 x 2.59 x
EV / Revenue 2.69 x 2.7 x 3.26 x 3.2 x 3.34 x 3.21 x 3 x 2.79 x
EV / EBITDA 6.08 x 6.18 x 7.32 x 7.01 x 7.38 x 7.07 x 6.56 x 5.89 x
EV / FCF 13.6 x 10.1 x 13.4 x 8.16 x 17.2 x 14.5 x 12.5 x 11.8 x
FCF Yield 7.34% 9.89% 7.47% 12.3% 5.83% 6.89% 8.01% 8.46%
Price to Book 2.06 x 2.35 x 2.61 x 2.55 x 3.04 x 3.16 x 3.21 x 3.21 x
Nbr of stocks (in thousands) 4,100,595 4,100,595 4,100,595 4,369,940 4,369,940 4,369,940 - -
Reference price 2 1.329 1.496 1.687 1.945 2.254 2.365 2.365 2.365
Announcement Date 2/25/20 1/22/21 1/26/22 1/25/23 1/31/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,497 2,307 2,475 2,897 3,287 3,574 3,778 3,993
EBITDA 1 1,107 1,008 1,103 1,322 1,485 1,625 1,729 1,892
EBIT 1 714.7 655.7 764.3 934.9 1,035 1,172 1,244 1,480
Operating Margin 28.63% 28.42% 30.87% 32.27% 31.48% 32.8% 32.92% 37.07%
Earnings before Tax (EBT) 582.2 532.1 666.7 813.1 921.2 - - -
Net income 1 316.5 295.7 366.4 522.3 499.1 609.1 666.1 910.3
Net margin 12.68% 12.82% 14.8% 18.03% 15.18% 17.04% 17.63% 22.8%
EPS 2 0.0772 0.0721 0.0908 0.1200 0.1152 0.1250 0.1373 0.1588
Free Cash Flow 1 493.5 616 603.5 1,137 638.9 790.4 908.9 941.9
FCF margin 19.77% 26.7% 24.38% 39.24% 19.44% 22.11% 24.06% 23.59%
FCF Conversion (EBITDA) 44.59% 61.11% 54.72% 85.99% 43.03% 48.66% 52.56% 49.78%
FCF Conversion (Net income) 155.94% 208.29% 164.72% 217.7% 128.02% 129.77% 136.46% 103.46%
Dividend per Share 2 0.0629 0.0525 0.0798 0.1065 - 0.1285 0.1251 0.1329
Announcement Date 2/25/20 1/22/21 1/26/22 1/25/23 1/31/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 632.8 646.1 657.1 709.6 730.3 790 851.8 767.5 803.1 875.4 942.6 924.1 911.7 957.8
EBITDA 1 274.2 298.6 290 331.2 332.2 379.6 400.9 335.1 335.3 394.9 425 388.9 365.5 427.7
EBIT 1 189 211.4 200.8 239.1 233.9 275.4 259.6 229.6 216.7 274.8 295.9 262.4 240.6 285.9
Operating Margin 29.88% 32.72% 30.56% 33.7% 32.03% 34.87% 30.48% 29.92% 26.98% 31.38% 31.39% 28.39% 26.39% 29.85%
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income 1 90.74 98.27 99.41 148.4 150.3 116.6 127 131.7 111.6 141.6 152.8 134.7 124.5 152.9
Net margin 14.34% 15.21% 15.13% 20.92% 20.58% 14.76% 14.91% 17.16% 13.89% 16.17% 16.21% 14.58% 13.65% 15.97%
EPS 2 0.0225 0.0244 0.0228 0.0341 0.0345 0.0268 0.0291 0.0302 0.0258 0.0324 0.0350 0.0310 0.0280 0.0350
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 1/26/22 4/28/22 7/26/22 10/24/22 1/25/23 4/24/23 7/26/23 10/18/23 1/31/24 4/25/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,280 96.6 1,157 774 1,114 1,141 1,007 798
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.156 x 0.0958 x 1.049 x 0.5852 x 0.7499 x 0.7021 x 0.5825 x 0.4217 x
Free Cash Flow 1 494 616 603 1,137 639 790 909 942
ROE (net income / shareholders' equity) 11.9% 11.6% 14.2% 16.8% 14.5% 19% 21.2% 22.2%
ROA (Net income/ Total Assets) 5.53% 5.32% - - 7.09% - - -
Assets 1 5,725 5,562 - - 7,041 - - -
Book Value Per Share 2 0.6400 0.6400 0.6500 0.7600 0.7400 0.7500 0.7400 0.7400
Cash Flow per Share 2 0.2000 0.2200 0.2300 0.3500 0.2500 0.3000 0.3100 0.3900
Capex 1 347 290 324 405 443 472 494 514
Capex / Sales 13.89% 12.58% 13.08% 13.97% 13.47% 13.19% 13.09% 12.87%
Announcement Date 2/25/20 1/22/21 1/26/22 1/25/23 1/31/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
2.365 USD
Average target price
2.608 USD
Spread / Average Target
+10.24%
Consensus
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