Financials Grupo Hotelero Santa Fe, S.A.B. de C.V.

Equities

End-of-day quote Mexican S.E. Other stock markets 06:00:00 2024-06-05 pm EDT			5-day change	1st Jan Change
3.6 ^MXN	+2.86%		+2.86%	-7.69%

Apr. 26	Transcript : Grupo Hotelero Santa Fe, S.A.B. de C.V., Q1 2024 Earnings Call, Apr 26, 2024
Apr. 25	Grupo Hotelero Santa Fe, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,074	2,858	3,437	2,793	2,578	-	-
Enterprise Value (EV) ¹	5,545	5,514	6,573	5,421	5,345	5,327	5,389
P/E ratio	18.6 x	-94 x	-	-	-	-	-
Yield	-	-	-	-	-	-	-
Capitalization / Revenue	1.37 x	1.62 x	1.3 x	0.94 x	0.91 x	0.78 x	0.73 x
EV / Revenue	2.48 x	3.13 x	2.48 x	1.83 x	1.88 x	1.62 x	1.52 x
EV / EBITDA	8.59 x	13.8 x	8.77 x	6.46 x	6.77 x	5.78 x	5.43 x
EV / FCF	-	-106,363,303 x	-	-	-	13,185,407 x	12,800,248 x
FCF Yield	-	-0%	-	-	-	0%	0%
Price to Book	-	0.59 x	-	-	-	-	-
Nbr of stocks (in thousands)	486,438	608,044	716,085	716,085	716,085	-	-
Reference price ²	6.320	4.700	4.800	3.900	3.600	3.600	3.600
Announcement Date	2/20/20	2/17/22	2/16/23	2/22/24	-	-	-

¹MXN in Million²MXN

Estimates

Fiscal Period: December	2019	2021	2022	2023	2024	2025	2026
Net sales ¹	2,238	1,761	2,652	2,959	2,836	3,296	3,555
EBITDA ¹	645.6	400.7	749.2	839.7	789	922	993
EBIT ¹	378.7	135.6	354.6	380.2	413	524	572
Operating Margin	16.92%	7.7%	13.37%	12.85%	14.56%	15.9%	16.09%
Earnings before Tax (EBT) ¹	272.5	-109	345.8	716.8	-14	148	190
Net income ¹	179.4	-0.141	198.3	592.9	-11	108	139
Net margin	8.01%	-0.01%	7.48%	20.04%	-0.39%	3.28%	3.91%
EPS	0.3400	-0.0500	-	-	-	-	-
Free Cash Flow	-	-51.84	-	-	-	404	421
FCF margin	-	-2.94%	-	-	-	12.26%	11.84%
FCF Conversion (EBITDA)	-	-	-	-	-	43.82%	42.4%
FCF Conversion (Net income)	-	-	-	-	-	374.07%	302.88%
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	2/20/20	2/17/22	2/16/23	2/22/24	-	-	-

¹MXN in Million

Estimates

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4
Net sales ¹	546.3	589.1	670	652.4	740.9	871.5	722	655.9	709.9
EBITDA ¹	165	169.3	192.8	171.5	215.5	-	204.3	-	180.3
EBIT	-	-	-	-	-	-	126.4	-	-
Operating Margin	-	-	-	-	-	-	17.51%	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-82.06	-
Net income ¹	71.17	76.94	47.18	45.86	-	106.7	386.2	-	5.226
Net margin	13.03%	13.06%	7.04%	7.03%	-	12.24%	53.49%	-	0.74%
EPS	-	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-
Announcement Date	2/17/22	4/21/22	7/21/22	10/20/22	2/16/23	4/24/23	7/20/23	10/19/23	2/22/24

¹MXN in Million

Estimates

Fiscal Period: December	2019	2021	2022	2023	2024	2025	2026
Net Debt ¹	2,471	2,657	3,136	2,628	2,767	2,749	2,811
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	3.827 x	6.631 x	4.186 x	3.13 x	3.507 x	2.982 x	2.831 x
Free Cash Flow	-	-51.8	-	-	-	404	421
ROE (net income / shareholders' equity)	3.86%	0.42%	-	-	-	-	-
ROA (Net income/ Total Assets)	1.76%	0.19%	-	-	-	-	-
Assets ¹	10,208	-74.16	-	-	-	-	-
Book Value Per Share	-	7.930	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-
Capex	-	392	-	-	-	316	352
Capex / Sales	-	22.27%	-	-	-	9.59%	9.9%
Announcement Date	2/20/20	2/17/22	2/16/23	2/22/24	-	-	-

¹MXN in Million

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3.6 MXN

Average target price

5.5 MXN

Spread / Average Target

+52.78%

	1st Jan change	Capi.
GRUPO HOTELERO SANTA FE, S.A.B. DE C.V.	-7.69%	141M
H WORLD GROUP LIMITED	+4.22%	10.94B
WHITBREAD PLC	-17.29%	6.98B
WYNDHAM HOTELS & RESORTS, INC.	-11.53%	5.73B
CHOICE HOTELS INTERNATIONAL, INC.	+0.71%	5.45B
SHANGHAI JIN JIANG INTERNATIONAL HOTELS CO., LTD.	-8.83%	3.66B
SHANGRI-LA ASIA LIMITED	+2.05%	2.49B
ATOUR LIFESTYLE HOLDINGS LIMITED	+2.65%	2.45B
MANDARIN ORIENTAL INTERNATIONAL LIMITED	+9.62%	2.2B
BTG HOTELS (GROUP) CO., LTD.	-9.73%	2.17B