Financials Industrias Bachoco, S.A.B. de C.V.

Equities

IDBHF

MX01BA1D0003

Food Processing

Market Closed - OTC Markets 12:34:01 2024-04-23 pm EDT 5-day change 1st Jan Change
0.0001 USD -100.00% Intraday chart for Industrias Bachoco, S.A.B. de C.V. -.--% -100.00%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 49,478 44,105 49,173 43,600 42,406 47,062
Enterprise Value (EV) 1 37,486 30,690 35,739 27,596 24,345 31,774
P/E ratio 10 x 13.2 x 15.3 x 11.1 x 8.37 x 7.7 x
Yield 1.58% 1.93% 1.71% 1.82% 2.01% 2.09%
Capitalization / Revenue 0.85 x 0.72 x 0.8 x 0.63 x 0.52 x 0.48 x
EV / Revenue 0.65 x 0.5 x 0.58 x 0.4 x 0.3 x 0.32 x
EV / EBITDA 4.47 x 6.19 x 6.81 x 4.63 x 3.26 x 3.11 x
EV / FCF 7.83 x 25.9 x 44.5 x 11.9 x 12.7 x -21.7 x
FCF Yield 12.8% 3.86% 2.25% 8.4% 7.86% -4.6%
Price to Book 1.39 x 1.16 x 1.22 x 1.01 x 0.89 x 0.9 x
Nbr of stocks (in thousands) 600,000 600,000 600,000 599,823 599,698 599,380
Reference price 2 82.46 73.51 81.95 72.69 70.71 78.52
Announcement Date 4/27/18 4/29/19 4/27/20 4/29/21 4/29/22 4/28/23
1MXN in Million2MXN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 58,050 61,052 61,655 68,792 81,699 98,891
EBITDA 1 8,395 4,958 5,251 5,959 7,456 10,228
EBIT 1 5,261 3,731 3,964 4,224 5,993 8,415
Operating Margin 9.06% 6.11% 6.43% 6.14% 7.34% 8.51%
Earnings before Tax (EBT) 1 6,039 4,517 4,358 5,184 6,742 8,084
Net income 1 4,948 3,350 3,220 3,936 5,066 6,114
Net margin 8.52% 5.49% 5.22% 5.72% 6.2% 6.18%
EPS 2 8.247 5.583 5.367 6.561 8.446 10.20
Free Cash Flow 1 4,788 1,185 803.7 2,317 1,914 -1,462
FCF margin 8.25% 1.94% 1.3% 3.37% 2.34% -1.48%
FCF Conversion (EBITDA) 57.03% 23.9% 15.31% 38.89% 25.67% -
FCF Conversion (Net income) 96.75% 35.38% 24.96% 58.88% 37.79% -
Dividend per Share 2 1.300 1.420 1.400 1.320 1.420 1.640
Announcement Date 4/27/18 4/29/19 4/27/20 4/29/21 4/29/22 4/28/23
1MXN in Million2MXN
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1
Net sales 1 1,042 1,002 1,034 1,196 1,288 1,226 1,244 1,289
EBITDA 1 121.7 55.82 42.92 172.6 205.3 76.46 36.58 112.6
EBIT 1 104.3 36.56 24.8 154.2 186.7 56.68 16.14 91.14
Operating Margin 10.01% 3.65% 2.4% 12.9% 14.49% 4.63% 1.3% 7.07%
Earnings before Tax (EBT) 1 99.49 59.32 32.09 142.6 194.4 62.52 8.883 33.04
Net income 1 73.76 41.78 31.55 105.8 143.5 48.71 4.185 26.39
Net margin 7.08% 4.17% 3.05% 8.85% 11.14% 3.97% 0.34% 2.05%
EPS - - - - - - - -
Dividend per Share - - - - - - - -
Announcement Date 7/26/21 10/25/21 2/3/22 4/29/22 7/27/22 10/24/22 2/9/23 5/2/23
1USD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 11,991 13,414 13,433 16,005 18,062 15,288
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 4,788 1,185 804 2,317 1,914 -1,462
ROE (net income / shareholders' equity) 14.7% 9.1% 8.24% 9.44% 10.7% 12%
ROA (Net income/ Total Assets) 6.88% 4.51% 4.56% 4.62% 6.02% 7.59%
Assets 1 71,967 74,285 70,546 85,116 84,168 80,541
Book Value Per Share 2 59.40 63.50 67.00 72.20 79.80 87.60
Cash Flow per Share 2 26.90 29.80 31.10 28.80 31.90 31.20
Capex 1 2,126 1,978 2,200 2,346 3,479 4,497
Capex / Sales 3.66% 3.24% 3.57% 3.41% 4.26% 4.55%
Announcement Date 4/27/18 4/29/19 4/27/20 4/29/21 4/29/22 4/28/23
1MXN in Million2MXN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly revenue - Rate of surprise

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