ALFA S.A.B. DE C.V. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.88 MXN | +0.63% |
|
+6.71% | -5.57% |
| Apr. 24 | Transcript : Alfa S.A.B. de C.V., Q1 2024 Earnings Call, Apr 24, 2024 | |
| Apr. 23 | Mexico's Alfa swings to profit in first quarter | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 78,636 | 70,594 | 73,684 | 59,802 | 65,729 | 62,066 | - | - |
| Enterprise Value (EV) 1 | 188,061 | 160,750 | 165,334 | 148,231 | 149,623 | 122,239 | 125,327 | 119,895 |
| P/E ratio | 13.6 x | 18 x | 18.4 x | 5.58 x | -5.37 x | - | - | - |
| Yield | 5.04% | 2.78% | 3.4% | 6.69% | - | 1.36% | 3.3% | 4.97% |
| Capitalization / Revenue | 0.23 x | 0.29 x | 0.24 x | 0.18 x | 0.23 x | 0.22 x | 0.21 x | 0.2 x |
| EV / Revenue | 0.56 x | 0.65 x | 0.53 x | 0.44 x | 0.51 x | 0.43 x | 0.42 x | 0.38 x |
| EV / EBITDA | 4.25 x | 5.91 x | 4.42 x | 3.96 x | 6.04 x | 4.38 x | 4.12 x | 3.45 x |
| EV / FCF | 11,519,807 x | 9,850,647 x | 10,063,033 x | 7,379,082 x | - | - | - | - |
| FCF Yield | 0% | 0% | 0% | 0% | - | - | - | - |
| Price to Book | 1.1 x | 1.85 x | 1.89 x | 1.44 x | 1.3 x | 2.12 x | 1.75 x | 1.45 x |
| Nbr of stocks (in thousands) | 5,015,041 | 4,909,211 | 4,905,698 | 4,818,823 | 4,818,823 | 4,818,823 | - | - |
| Reference price 2 | 15.68 | 14.38 | 15.02 | 12.41 | 13.64 | 12.88 | 12.88 | 12.88 |
| Announcement Date | 2/12/20 | 2/11/21 | 2/16/22 | 2/15/23 | 2/20/24 | - | - | - |
1MXN in Million2MXN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 337,750 | 245,933 | 309,396 | 335,120 | 291,207 | 286,303 | 298,676 | 315,913 |
| EBITDA 1 | 44,280 | 27,217 | 37,439 | 37,468 | 24,783 | 27,915 | 30,387 | 34,792 |
| EBIT 1 | 23,593 | 16,642 | 25,476 | 29,797 | 3,113 | 20,336 | 22,202 | 24,318 |
| Operating Margin | 6.99% | 6.77% | 8.23% | 8.89% | 1.07% | 7.1% | 7.43% | 7.7% |
| Earnings before Tax (EBT) | 14,351 | 9,059 | 15,775 | 22,866 | - | - | - | - |
| Net income | 5,807 | 3,791 | 4,300 | 10,711 | -12,250 | - | - | - |
| Net margin | 1.72% | 1.54% | 1.39% | 3.2% | -4.21% | - | - | - |
| EPS | 1.153 | 0.7982 | 0.8152 | 2.224 | -2.540 | - | - | - |
| Free Cash Flow | 16,325 | 16,319 | 16,430 | 20,088 | - | - | - | - |
| FCF margin | 4.83% | 6.64% | 5.31% | 5.99% | - | - | - | - |
| FCF Conversion (EBITDA) | 36.87% | 59.96% | 43.88% | 53.61% | - | - | - | - |
| FCF Conversion (Net income) | 281.13% | 430.43% | 382.06% | 187.55% | - | - | - | - |
| Dividend per Share 2 | 0.7900 | 0.4000 | 0.5100 | 0.8300 | - | 0.1750 | 0.4250 | 0.6400 |
| Announcement Date | 2/12/20 | 2/11/21 | 2/16/22 | 2/15/23 | 2/20/24 | - | - | - |
1MXN in Million2MXN
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 79,552 | 83,275 | 86,028 | 96,873 | 98,289 | 82,497 | 76,374 | 74,788 | 71,606 | 68,440 | 69,776 | 70,708 | 68,005 |
| EBITDA 1 | 9,714 | 10,883 | 13,213 | 14,145 | 9,211 | 7,968 | 7,402 | 6,398 | 6,364 | 4,990 | 6,984 | 7,316 | 6,858 |
| EBIT 1 | - | - | 10,379 | - | - | 3,725 | - | - | 1,757 | -6,938 | 4,907 | 5,203 | 4,761 |
| Operating Margin | - | - | 12.06% | - | - | 4.51% | - | - | 2.45% | -10.14% | 7.03% | 7.36% | 7% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | 4,863 | 4,863 | -315 | - | - | -803 | - | - | - | - |
| Net margin | - | - | - | 5.02% | 4.95% | -0.38% | - | - | -1.12% | - | - | - | - |
| EPS | 1.009 | -0.6114 | 0.8800 | 0.9900 | 0.9900 | - | -0.0600 | 0.0300 | -0.1700 | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/21/21 | 2/16/22 | 4/25/22 | 7/20/22 | 10/20/22 | 2/15/23 | 4/25/23 | 7/26/23 | 10/23/23 | 2/20/24 | 4/27/24 | - | - |
1MXN in Million2MXN
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 109,425 | 90,156 | 91,651 | 88,429 | 83,895 | 60,172 | 63,261 | 57,829 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.471 x | 3.312 x | 2.448 x | 2.36 x | 3.385 x | 2.156 x | 2.082 x | 1.662 x |
| Free Cash Flow | 16,325 | 16,319 | 16,430 | 20,088 | - | - | - | - |
| ROE (net income / shareholders' equity) | 8% | 7.13% | 8.57% | 40.6% | - | 28.8% | 26.2% | 24.3% |
| ROA (Net income/ Total Assets) | - | 1.53% | 1.27% | - | - | - | - | - |
| Assets | - | 247,176 | 339,863 | - | - | - | - | - |
| Book Value Per Share 2 | 14.20 | 7.790 | 7.970 | 8.630 | 10.50 | 6.070 | 7.370 | 8.860 |
| Cash Flow per Share | 6.070 | 0.7700 | 5.370 | 5.690 | - | - | - | - |
| Capex 1 | 14,243 | 5,443 | 9,948 | 20,679 | 9,704 | 8,369 | 8,079 | 8,234 |
| Capex / Sales | 4.22% | 2.21% | 3.22% | 6.17% | 3.33% | 2.92% | 2.7% | 2.61% |
| Announcement Date | 2/12/20 | 2/11/21 | 2/16/22 | 2/15/23 | 2/20/24 | - | - | - |
1MXN in Million2MXN
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
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
12.88
MXN
Average target price
17.2
MXN
Spread / Average Target
+33.54%
| 1st Jan change | Capi. | |
|---|---|---|
| -5.57% | 3.61B | |
| +11.85% | 869B | |
| 0.00% | 239B | |
| +27.20% | 178B | |
| -7.75% | 126B | |
| +32.50% | 79.32B | |
| -5.21% | 74.17B | |
| -16.00% | 50.82B | |
| -24.57% | 38.6B | |
| +19.71% | 31.74B |
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- Financials Alfa S.A.B. de C.V.
