GRUPO HERDEZ, S.A.B. DE C.V. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 53.16 MXN | +0.04% |
|
+0.51% | +15.31% |
| Apr. 18 | Grupo Herdez, S.A.B. De C.V. Announces Board Changes | CI |
| Apr. 18 | Transcript : Grupo Herdez, S.A.B. de C.V., Q1 2024 Earnings Call, Apr 18, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 15,250 | 19,557 | 14,322 | 14,644 | 15,250 | 17,469 | - |
| Enterprise Value (EV) 1 | 20,960 | 16,667 | 23,452 | 23,511 | 23,930 | 17,469 | 17,469 |
| P/E ratio | 15.1 x | 24.1 x | 20 x | 19.2 x | 11.6 x | 12.4 x | 11.6 x |
| Yield | 2.93% | 2.3% | 2.96% | 2.75% | 3.25% | - | - |
| Capitalization / Revenue | 0.68 x | 0.81 x | 0.55 x | 0.46 x | 0.42 x | 0.47 x | 0.44 x |
| EV / Revenue | 0.68 x | 0.81 x | 0.55 x | 0.46 x | 0.42 x | 0.47 x | 0.44 x |
| EV / EBITDA | 3.99 x | 4.66 x | 3.63 x | 2.96 x | 2.45 x | 2.7 x | 2.61 x |
| EV / FCF | 7,765,289 x | - | 23,673,036 x | - | 3,753,551 x | - | - |
| FCF Yield | 0% | - | 0% | - | 0% | - | - |
| Price to Book | 1.93 x | 2.66 x | 2.06 x | - | 2.15 x | - | - |
| Nbr of stocks (in thousands) | 405,904 | 374,508 | 353,816 | 335,488 | 330,802 | 328,603 | - |
| Reference price 2 | 37.57 | 52.22 | 40.48 | 43.65 | 46.10 | 53.16 | 53.16 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/3/22 | 2/22/23 | 2/27/24 | - | - |
1MXN in Million2MXN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 22,420 | 24,036 | 26,153 | 31,646 | 36,213 | 37,023 | 39,423 |
| EBITDA 1 | 3,818 | 4,197 | 3,944 | 4,943 | 6,214 | 6,463 | 6,697 |
| EBIT | 2,990 | 3,255 | 3,007 | 3,831 | 5,022 | - | - |
| Operating Margin | 13.34% | 13.54% | 11.5% | 12.11% | 13.87% | - | - |
| Earnings before Tax (EBT) | 3,154 | 3,342 | 3,106 | 3,530 | 5,065 | - | - |
| Net income | 1,014 | 828 | 725.7 | 776.6 | 1,320 | - | - |
| Net margin | 4.52% | 3.44% | 2.77% | 2.45% | 3.65% | - | - |
| EPS 2 | 2.480 | 2.170 | 2.020 | 2.278 | 3.981 | 4.280 | 4.570 |
| Free Cash Flow | 1,964 | - | 605 | - | 4,063 | - | - |
| FCF margin | 8.76% | - | 2.31% | - | 11.22% | - | - |
| FCF Conversion (EBITDA) | 51.44% | - | 15.34% | - | 65.38% | - | - |
| FCF Conversion (Net income) | 193.58% | - | 83.37% | - | 307.79% | - | - |
| Dividend per Share | 1.100 | 1.200 | 1.200 | 1.200 | 1.500 | - | - |
| Announcement Date | 2/27/20 | 2/25/21 | 2/3/22 | 2/22/23 | 2/27/24 | - | - |
1MXN in Million2MXN
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 | 7,518 | 7,108 | 7,667 | 7,961 | 8,910 | 8,632 | 8,753 | 9,019 | - | 8,886 | - | - | - | - | - |
| EBITDA | 1,420 | 1,076 | 1,047 | 1,170 | 1,649 | 1,316 | 1,337 | - | - | - | - | - | - | - | - |
| EBIT | - | 835 | 778.2 | 854 | 1,364 | 1,046 | 1,060 | - | - | - | - | - | - | - | - |
| Operating Margin | - | 11.75% | 10.15% | 10.73% | 15.31% | 12.11% | 12.11% | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | 1,227 | - | - | - | - | - |
| Net income | - | - | - | - | - | 315.5 | 300 | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | 3.66% | 3.43% | - | - | - | - | - | - | - | - |
| EPS 1 | 0.7700 | 0.4600 | 0.3709 | 0.4039 | 1.043 | 0.9417 | 0.8940 | 1.011 | 1.135 | 1.126 | 1.000 | 1.060 | 1.100 | 1.050 | 1.140 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/3/22 | 4/21/22 | 7/21/22 | 10/19/22 | 2/22/23 | 4/19/23 | 7/19/23 | 10/18/23 | 2/27/24 | 4/17/24 | - | - | - | - | - |
1MXN
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt | 5,710 | - | 9,129 | 8,867 | 8,680 | - | - |
| Net Cash position | - | 2,890 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.496 x | - | 2.315 x | 1.794 x | 1.397 x | - | - |
| Free Cash Flow | 1,964 | - | 605 | - | 4,063 | - | - |
| ROE (net income / shareholders' equity) | 12.4% | 10.9% | 10.3% | 11.4% | 19% | 18.4% | 17.5% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - |
| Assets | - | - | - | - | - | - | - |
| Book Value Per Share | 19.50 | 19.60 | 19.70 | - | 21.50 | - | - |
| Cash Flow per Share | 6.630 | 7.420 | - | - | 15.10 | - | - |
| Capex | 754 | - | - | 1,583 | 956 | - | - |
| Capex / Sales | 3.36% | - | - | 5% | 2.64% | - | - |
| Announcement Date | 2/27/20 | 2/25/21 | 2/3/22 | 2/22/23 | 2/27/24 | - | - |
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
53.16
MXN
Average target price
63.67
MXN
Spread / Average Target
+19.76%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +15.31% | 966M | |
| -5.08% | 271B | |
| -0.20% | 40.96B | |
| -13.22% | 38.97B | |
| -1.23% | 37.16B | |
| -3.47% | 35.21B | |
| -15.04% | 31B | |
| -3.22% | 29.38B | |
| +4.44% | 23.47B | |
| -17.08% | 20.57B |
- Stock Market
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- HERDEZ * Stock
- Financials Grupo Herdez, S.A.B. de C.V.
