Balance Sheet Aleatica, S.A.B. de C.V.

Equities

ALEATIC *

MX01AL1C0003

Highways & Rail Tracks

End-of-day quote Mexican S.E. Other stock markets 2024-11-29			5-day change	1st Jan Change
93.51 ^MXN	-0.32%		-.--%	-.--%

Nov. 10	Aleatica S.A.U. proposed to acquire remaining 0.06% stake in Aleatica, S.A.B. de C.V. (BMV:ALEATIC *) for approximately MXN 100 million.	CI
Oct. 28	Aleatica, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024	CI

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Published financial data: ALEATICA, S.A.B. DE C.V.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	9.42B	6.75B	10.93B	13.09B	14.25B
Other Revenues, Total	-	-	-	-	-
Total Revenues	9.42B	6.75B	10.93B	13.09B	14.25B
Cost of Goods Sold, Total	3.23B	2.28B	4.89B	4.93B	4.64B
Gross Profit	6.19B	4.47B	6.04B	8.17B	9.61B
Selling General & Admin Expenses, Total	363M	415M	543M	580M	590M
Provision for Bad Debts	-45.64M	-	-	-	-
Depreciation & Amortization - (IS)	134M	1.37B	2.02B	1.71B	2.14B
Other Operating Expenses	-11.39B	14.94M	109M	26.45M	-50.43M
Other Operating Expenses, Total	-10.93B	1.8B	2.67B	2.31B	2.68B
Operating Income	17.12B	2.67B	3.37B	5.85B	6.93B
Interest Expense, Total	-4.47B	-4.54B	-5.79B	-6.5B	-6.42B
Interest And Investment Income	1.05B	653M	450M	760M	1.74B
Net Interest Expenses	-3.42B	-3.89B	-5.34B	-5.74B	-4.68B
Income (Loss) On Equity Invest.	955M	-250M	-283M	166M	3.46M
Currency Exchange Gains (Loss)	37.44M	-2.36M	-3.15M	-240K	3.35M
Other Non Operating Income (Expenses)	-6.01M	-1K	-	-	7.83M
EBT, Excl. Unusual Items	14.69B	-1.47B	-2.25B	277M	2.27B
Asset Writedown	1.76B	-	-	-	-
EBT, Incl. Unusual Items	16.45B	-1.47B	-2.25B	277M	2.27B
Income Tax Expense	4.4B	-584M	-224M	265M	1.2B
Earnings From Continuing Operations	12.04B	-888M	-2.03B	12.58M	1.07B
Earnings Of Discontinued Operations	-415M	-	-	-	-
Net Income to Company	11.63B	-888M	-2.03B	12.58M	1.07B
Minority Interest	-2.95B	-44.47M	620M	-18.91M	-594M
Net Income - (IS)	8.68B	-932M	-1.41B	-6.33M	476M
Net Income to Common Incl Extra Items	8.68B	-932M	-1.41B	-6.33M	476M
Net Income to Common Excl. Extra Items	9.1B	-932M	-1.41B	-6.33M	476M
Per Share Items
Net EPS - Basic	5.01	-0.54	-0.81	-0	0.28
Basic EPS - Continuing Operations	5.25	-0.54	-0.81	-0	0.28
Basic Weighted Average Shares Outstanding	1.73B	1.73B	1.73B	1.73B	1.71B
Net EPS - Diluted	5.01	-0.54	-0.81	-0	0.28
Diluted EPS - Continuing Operations	5.25	-0.54	-0.81	-0	0.28
Diluted Weighted Average Shares Outstanding	1.73B	1.73B	1.73B	1.73B	1.71B
Normalized Basic EPS	3.6	-0.56	-0.46	0.09	0.48
Normalized Diluted EPS	3.6	-0.56	-0.46	0.09	0.48
Dividend Per Share	0.45	-	-	-	-
Payout Ratio	29.94	-82.53	-	-	-
Supplemental Items
EBITDA	17.19B	3.97B	5.33B	7.49B	9B
EBITA	17.12B	2.67B	3.37B	5.85B	6.93B
EBIT	17.12B	2.67B	3.37B	5.85B	6.93B
EBITDAR	17.2B	3.98B	5.33B	7.49B	9.01B
Total Revenues (As Reported)	22.71B	6.75B	10.93B	13.09B	14.25B
Effective Tax Rate - (Ratio)	26.76	39.67	9.93	95.46	52.78
Current Domestic Taxes	-	-	1.47B	983M	1.32B
Total Current Taxes	334M	245M	1.47B	983M	1.32B
Deferred Domestic Taxes	-	-	-1.69B	-718M	-126M
Total Deferred Taxes	4.07B	-829M	-1.69B	-718M	-126M
Normalized Net Income	6.23B	-964M	-788M	154M	823M
Interest on Long-Term Debt	18.63M	4.54B	5.79B	6.5B	6.42B
Non-Cash Pension Expense	6.68M	7.77M	8.8M	10.26M	13.2M
Supplemental Operating Expense Items
Advertising Expense	-	23.65M	32.35M	31.44M	27.11M
Selling and Marketing Expenses	-	23.65M	32.35M	31.44M	27.11M
General and Administrative Expenses	356M	392M	510M	549M	562M
Net Rental Expense, Total	6.74M	11.93M	6.4M	6.92M	6.82M
Imputed Operating Lease Interest Expense	6.31M	10.97M	7.23M	8.21M	7.43M
Imputed Operating Lease Depreciation	430K	959K	-825K	-1.3M	-610K
Maintenance & Repair Expenses, Total	-	-	686M	728M	1.34B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	4.21B	3.08B	2.59B	2.18B	5.32B
Trading Asset Securities, Total	715K	-	-	-	-
Total Cash And Short Term Investments	4.21B	3.08B	2.59B	2.18B	5.32B
Accounts Receivable, Total	397M	290M	320M	513M	687M
Other Receivables	448M	566M	873M	976M	910M
Notes Receivable	283M	-	-	-	-
Total Receivables	1.13B	856M	1.19B	1.49B	1.6B
Restricted Cash	3.95B	4.57B	3.16B	5.38B	6.05B
Other Current Assets, Total	1.63B	1.7B	1.79B	1.86B	1.93B
Total Current Assets	10.91B	10.21B	8.74B	10.91B	14.9B
Net Property Plant And Equipment	298M	261M	484M	421M	407M
Long-term Investments	7.36B	2.25B	2.05B	2.4B	2.3B
Other Intangibles, Total	163B	85.7B	86.4B	87.38B	86.8B
Loans Receivable Long-Term	554M	896M	959M	1.03B	1.12B
Other Long-Term Assets, Total	3.77B	3.96B	3.84B	3.93B	4.43B
Total Assets	186B	103B	102B	106B	110B
Liabilities
Accounts Payable, Total	1.28B	1.02B	2.17B	2.06B	2.61B
Accrued Expenses, Total	928M	1.21B	1.37B	1.25B	1.37B
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	1.75B	1.65B	1.85B	1.89B	2.35B
Current Portion of Leases	55.62M	39.37M	70.85M	71.8M	56.12M
Current Income Taxes Payable	235M	227M	360M	120M	213M
Unearned Revenue Current, Total	6.73M	5.73M	-	-	-
Other Current Liabilities	38.74M	-	-	-	-
Total Current Liabilities	4.3B	4.15B	5.82B	5.39B	6.6B
Long-Term Debt	36.57B	38.6B	39.28B	43.72B	45.56B
Long-Term Leases	166M	157M	380M	330M	286M
Pension & Other Post Retirement Benefits	90.54M	109M	134M	145M	160M
Deferred Tax Liability Non Current	28.74B	4.87B	3.35B	2.96B	2.81B
Other Non Current Liabilities	850M	689M	515M	458M	823M
Total Liabilities	70.71B	48.57B	49.48B	53B	56.24B
Common Stock, Total	15.33B	15.33B	15.33B	15.33B	15.33B
Additional Paid In Capital	10.27B	10.27B	10.27B	10.27B	10.27B
Retained Earnings	65.4B	15.51B	16.58B	16.58B	17.05B
Comprehensive Income and Other	-85.65M	-279M	38.41M	151M	106M
Total Common Equity	90.92B	40.83B	42.23B	42.33B	42.77B
Minority Interest	23.92B	13.87B	10.77B	10.73B	10.95B
Total Equity	115B	54.7B	53B	53.06B	53.71B
Total Liabilities And Equity	186B	103B	102B	106B	110B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.71B	1.73B	1.73B	1.73B	1.73B
ECS Total Common Shares Outstanding	1.71B	1.73B	1.73B	1.73B	1.73B
Book Value / Share	53.1	23.57	24.38	24.44	24.69
Tangible Book Value	-71.74B	-44.87B	-44.17B	-45.05B	-44.04B
Tangible Book Value Per Share	-41.89	-25.9	-25.5	-26.01	-25.42
Total Debt	38.54B	40.44B	41.58B	46.01B	48.26B
Net Debt	34.33B	37.36B	38.98B	43.84B	42.93B
Debt Equivalent of Unfunded Proj. Benefit Obligation	90.54M	109M	134M	145M	160M
Debt Equivalent Oper. Leases	53.9M	95.47M	51.22M	55.32M	54.54M
Minority Interest, Total (Incl. Fin. Div)	23.92B	13.87B	10.77B	10.73B	10.95B
Equity Method Investments, Total	7.11B	2.25B	1.94B	2.07B	2.05B
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	1.76K	1.89K	2K	2.01K	2.03K
Accumulated Allowance for Doubtful Accounts (Supple)	85.93M	85.03M	81.18M	82.46M	81.59M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	8.68B	-932M	-1.41B	-6.33M	476M
Depreciation & Amortization - CF	134M	1.37B	2.02B	1.71B	2.14B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	134M	1.37B	2.02B	1.71B	2.14B
(Gain) Loss From Sale Of Asset	-	-	-31.96M	-	-
Asset Writedown & Restructuring Costs	-1.8B	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-955M	250M	283M	-166M	-3.46M
Other Operating Activities, Total	400M	4.1B	4.44B	6.54B	8.22B
Change In Accounts Receivable	-36.95M	-20.3M	-9.6M	-6.61M	-191M
Change In Accounts Payable	-132M	-259M	890M	-451M	196M
Change In Income Taxes	-8.75M	-128M	-307M	-104M	68.93M
Change in Other Net Operating Assets	-510M	-280M	-957M	-1.11B	-972M
Cash from Operations	5.77B	4.1B	4.92B	6.41B	9.93B
Capital Expenditure	-86.61M	-95.79M	-192M	-46.34M	-126M
Sale of Property, Plant, and Equipment	-	-	153M	-	-
Sale (Purchase) of Intangible assets	-265M	-321M	-3.17B	-2.5B	-1.45B
Investment in Marketable and Equity Securities, Total	3.01M	247M	-	-	-
Other Investing Activities, Total	22.62M	39.11M	23.87M	33.12M	21M
Cash from Investing	-326M	-130M	-3.18B	-2.51B	-1.56B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	6.62B	103M	2.07B	3.61B
Total Debt Issued	-	6.62B	103M	2.07B	3.61B
Long-Term Debt Repaid, Total	-1.2B	-7.23B	-1.57B	-1.17B	-3.31B
Total Debt Repaid	-1.2B	-7.23B	-1.57B	-1.17B	-3.31B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-67.51M	-	-	-
Common Dividends Paid	-2.6B	-769M	-	-	-
Common & Preferred Stock Dividends Paid	-2.6B	-769M	-	-	-
Other Financing Activities, Total	-3.76B	-2.91B	-2.38B	-2.89B	-4.41B
Cash from Financing	-7.56B	-4.35B	-3.84B	-1.99B	-4.1B
Net Change in Cash	-2.12B	-378M	-2.11B	1.91B	4.28B
Supplemental Items
Cash Interest Paid	2.59B	2.53B	2.29B	2.79B	4.06B
Cash Income Tax Paid (Refund)	548M	432M	1.13B	911M	1.27B
Levered Free Cash Flow	4.94B	-668M	-438M	-4.3B	809M
Unlevered Free Cash Flow	7.73B	2.17B	3.18B	-232M	4.82B
Change In Net Working Capital	2.76B	453M	-2.41B	3.05B	76.15M
Net Debt Issued / Repaid	-1.2B	-603M	-1.46B	897M	302M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.96	1.6	2.05	3.51	4.01
Return on Total Capital	7.19	1.75	2.22	3.78	4.31
Return On Equity %	10.89	-1.59	-3.77	0.02	2
Return on Common Equity	10.33	-2.23	-3.39	-0.01	1.12
Margin Analysis
Gross Profit Margin %	65.71	66.22	55.26	62.38	67.42
SG&A Margin	3.85	6.15	4.97	4.43	4.14
EBITDA Margin %	182.58	58.78	48.75	57.19	63.16
EBITA Margin %	181.85	39.53	30.84	44.71	48.6
EBIT Margin %	181.85	39.53	30.84	44.71	48.6
Income From Continuing Operations Margin %	127.93	-13.15	-18.57	0.1	7.51
Net Income Margin %	92.22	-13.81	-12.9	-0.05	3.34
Net Avail. For Common Margin %	96.63	-13.81	-12.9	-0.05	3.34
Normalized Net Income Margin	66.22	-14.29	-7.21	1.18	5.77
Levered Free Cash Flow Margin	52.42	-9.9	-4.01	-32.81	5.67
Unlevered Free Cash Flow Margin	82.08	32.14	29.09	-1.78	33.82
Asset Turnover
Asset Turnover	0.05	0.06	0.11	0.13	0.13
Fixed Assets Turnover	55.47	24.16	29.32	28.93	34.45
Receivables Turnover (Average Receivables)	26.73	19.65	35.83	31.44	23.77
Short Term Liquidity
Current Ratio	2.54	2.46	1.5	2.03	2.26
Quick Ratio	1.18	0.95	0.65	0.68	1.05
Operating Cash Flow to Current Liabilities	1.34	0.99	0.85	1.19	1.51
Days Sales Outstanding (Average Receivables)	13.66	18.62	10.19	11.61	15.35
Average Days Payable Outstanding	147.16	184.38	118.99	156.61	183.57
Long Term Solvency
Total Debt/Equity	33.56	73.93	78.45	86.71	89.84
Total Debt / Total Capital	25.13	42.51	43.96	46.44	47.32
LT Debt/Equity	31.99	70.85	74.82	83.02	85.37
Long-Term Debt / Total Capital	23.95	40.73	41.93	44.46	44.97
Total Liabilities / Total Assets	38.11	47.03	48.28	49.97	51.15
EBIT / Interest Expense	3.83	0.59	0.58	0.9	1.08
EBITDA / Interest Expense	3.86	0.89	0.93	1.16	1.41
(EBITDA - Capex) / Interest Expense	3.84	0.87	0.9	1.16	1.39
Total Debt / EBITDA	2.23	10.01	7.72	6.09	5.32
Net Debt / EBITDA	1.99	9.25	7.24	5.8	4.73
Total Debt / (EBITDA - Capex)	2.24	10.26	8	6.12	5.39
Net Debt / (EBITDA - Capex)	2	9.47	7.5	5.83	4.8
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.19	-28.31	61.91	19.81	8.87
Gross Profit, 1 Yr. Growth %	15.57	-27.76	35.12	35.24	17.67
EBITDA, 1 Yr. Growth %	16.9	-29.23	34.26	40.55	20.23
EBITA, 1 Yr. Growth %	16.98	-25.17	26.31	73.69	18.35
EBIT, 1 Yr. Growth %	16.98	-25.17	26.31	73.69	18.35
Earnings From Cont. Operations, 1 Yr. Growth %	-4.05	-380	128.56	-100.62	8.41K
Net Income, 1 Yr. Growth %	-9.26	121.33	51.18	-99.55	-7.63K
Normalized Net Income, 1 Yr. Growth %	44.47	293.9	-18.24	-119.59	432.67
Diluted EPS Before Extra, 1 Yr. Growth %