GRUPO MÉXICO, S.A.B. DE C.V. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 112.3 MXN | +6.14% |
|
+8.17% | +19.27% |
| May. 02 | ETF of the week: Mexico's future looks golden |  |
| Apr. 26 | USMCA Labor Panel Rules in Favor of Mexico in Mine Dispute, Government Says | DJ |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 21,363 | 32,940 | 33,908 | 27,344 | 43,263 | 52,644 | - | - |
| Enterprise Value (EV) 1 | 26,273 | 28,057 | 36,376 | 29,705 | 43,263 | 52,790 | 51,707 | 48,303 |
| P/E ratio | 11.8 x | 14.1 x | 8.71 x | 8.36 x | 12.6 x | 15.8 x | 13.5 x | 14.1 x |
| Yield | 6.09% | 4.07% | 7.6% | 6.7% | - | 5% | 4.89% | 5.53% |
| Capitalization / Revenue | 2 x | 3.02 x | 2.29 x | 1.97 x | 3.01 x | 3.38 x | 3.04 x | 3.05 x |
| EV / Revenue | 2.46 x | 2.57 x | 2.46 x | 2.14 x | 3.01 x | 3.39 x | 2.98 x | 2.8 x |
| EV / EBITDA | 5.31 x | 5.24 x | 4.07 x | 4.16 x | 6.14 x | 6.52 x | 5.49 x | 5.23 x |
| EV / FCF | 14.1 x | 9.09 x | 6.97 x | 7.9 x | - | 9.45 x | 11.1 x | 9.72 x |
| FCF Yield | 7.11% | 11% | 14.4% | 12.7% | - | 10.6% | 9.02% | 10.3% |
| Price to Book | 1.77 x | 1.99 x | 2.14 x | 1.38 x | - | 2.69 x | 2.56 x | 2.36 x |
| Nbr of stocks (in thousands) | 7,785,000 | 7,785,000 | 7,785,000 | 7,785,000 | 7,785,000 | 7,785,000 | - | - |
| Reference price 2 | 2.744 | 4.231 | 4.356 | 3.512 | 5.557 | 6.762 | 6.762 | 6.762 |
| Announcement Date | 2/26/20 | 1/26/21 | 2/1/22 | 2/3/23 | 2/2/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 10,683 | 10,909 | 14,777 | 13,870 | 14,385 | 15,566 | 17,341 | 17,282 |
| EBITDA 1 | 4,948 | 5,352 | 8,927 | 7,141 | 7,041 | 8,103 | 9,411 | 9,239 |
| EBIT 1 | 3,491 | 4,671 | 7,533 | 6,037 | 5,877 | 6,603 | 7,895 | 7,664 |
| Operating Margin | 32.68% | 42.82% | 50.98% | 43.52% | 40.86% | 42.42% | 45.53% | 44.35% |
| Earnings before Tax (EBT) 1 | 3,452 | 4,140 | 7,041 | 5,621 | 5,687 | 5,363 | 6,590 | 4,879 |
| Net income 1 | 1,810 | 2,302 | 3,868 | 3,255 | 3,398 | 3,528 | 3,972 | 3,667 |
| Net margin | 16.94% | 21.1% | 26.18% | 23.47% | 23.62% | 22.66% | 22.91% | 21.22% |
| EPS 2 | 0.2325 | 0.3000 | 0.5000 | 0.4200 | 0.4400 | 0.4276 | 0.5011 | 0.4779 |
| Free Cash Flow 1 | 1,867 | 3,086 | 5,221 | 3,759 | - | 5,586 | 4,662 | 4,970 |
| FCF margin | 17.48% | 28.29% | 35.33% | 27.1% | - | 35.88% | 26.88% | 28.76% |
| FCF Conversion (EBITDA) | 37.74% | 57.67% | 58.48% | 52.64% | - | 68.94% | 49.54% | 53.79% |
| FCF Conversion (Net income) | 103.14% | 134.05% | 134.96% | 115.48% | - | 158.35% | 117.36% | 135.55% |
| Dividend per Share 2 | 0.1672 | 0.1721 | 0.3312 | 0.2354 | - | 0.3382 | 0.3307 | 0.3739 |
| Announcement Date | 2/26/20 | 1/26/21 | 2/1/22 | 2/3/23 | 2/2/24 | - | - | - |
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 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,776 | 3,764 | 3,203 | 3,115 | 3,788 | 3,862 | 3,454 | 3,647 | 3,422 | 3,799 | 3,791 | 3,876 | 3,969 | - | - |
| EBITDA 1 | 2,190 | 2,205 | 1,421 | 1,424 | 2,092 | 2,106 | 1,628 | 1,782 | 1,526 | 1,966 | 1,724 | 1,779 | 1,918 | - | - |
| EBIT 1 | 1,885 | 2,012 | 1,120 | 1,123 | 1,782 | 1,805 | 1,359 | 1,473 | 1,240 | 1,544 | 1,357 | 1,454 | 1,555 | - | - |
| Operating Margin | 49.93% | 53.46% | 34.95% | 36.06% | 47.04% | 46.73% | 39.35% | 40.4% | 36.24% | 40.63% | 35.8% | 37.5% | 39.17% | - | - |
| Earnings before Tax (EBT) 1 | 1,761 | 1,890 | 1,010 | 1,010 | 1,711 | 1,742 | 1,305 | 1,432 | 1,207 | - | 1,264 | 1,330 | 1,502 | - | - |
| Net income 1 | 901.2 | 1,018 | 610.9 | 587.3 | 1,039 | 1,103 | 839.9 | 697.6 | 757.4 | 864.5 | 737 | 781 | 894 | - | - |
| Net margin | 23.86% | 27.05% | 19.07% | 18.85% | 27.44% | 28.57% | 24.32% | 19.13% | 22.13% | 22.76% | 19.44% | 20.15% | 22.52% | - | - |
| EPS 2 | 0.1200 | 0.1300 | 0.0800 | 0.0800 | 0.1300 | 0.1400 | 0.1100 | 0.0900 | 0.1000 | 0.1200 | 0.1300 | 0.1500 | 0.1600 | 0.1400 | 0.1300 |
| Dividend per Share 2 | 0.0850 | 0.0734 | 0.0487 | 0.0378 | 0.0554 | 0.0555 | 0.0478 | - | - | - | 0.0397 | 0.0412 | 0.0447 | - | - |
| Announcement Date | 2/1/22 | 5/2/22 | 7/27/22 | 10/27/22 | 2/3/23 | 4/29/23 | 7/27/23 | 10/24/23 | 2/2/24 | 4/25/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 4,910 | - | 2,468 | 2,361 | - | 146 | - | - |
| Net Cash position 1 | - | 4,883 | - | - | - | - | 937 | 4,341 |
| Leverage (Debt/EBITDA) | 0.9923 x | - | 0.2764 x | 0.3307 x | - | 0.018 x | - | - |
| Free Cash Flow 1 | 1,867 | 3,086 | 5,221 | 3,759 | - | 5,586 | 4,662 | 4,970 |
| ROE (net income / shareholders' equity) | 22% | 14.4% | 25.8% | 17.1% | - | 21% | 20.9% | 18.8% |
| ROA (Net income/ Total Assets) | 6.78% | 3.9% | 12.3% | 10% | - | 8.72% | 10.2% | 7.85% |
| Assets 1 | 26,685 | 59,103 | 31,391 | 32,552 | - | 40,455 | 38,757 | 46,721 |
| Book Value Per Share 2 | 1.550 | 2.130 | 2.030 | 2.540 | - | 2.520 | 2.650 | 2.860 |
| Cash Flow per Share 2 | 0.3800 | 0.5400 | 0.8500 | 0.6800 | - | 0.6200 | 0.8100 | 0.8500 |
| Capex 1 | 1,123 | 1,113 | 1,362 | 1,502 | - | 1,910 | 1,719 | 1,601 |
| Capex / Sales | 10.51% | 10.2% | 9.22% | 10.83% | - | 12.27% | 9.91% | 9.26% |
| Announcement Date | 2/26/20 | 1/26/21 | 2/1/22 | 2/3/23 | 2/2/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
6.762
USD
Average target price
6.014
USD
Spread / Average Target
-11.06%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +19.27% | 52.64B | |
| -0.80% | 125B | |
| +6.23% | 76.75B | |
| +4.22% | 49.06B | |
| +36.00% | 41.27B | |
| +94.59% | 31.39B | |
| +30.73% | 27.93B | |
| +77.37% | 20.44B | |
| +64.05% | 19.67B | |
| +16.82% | 11.34B |
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