Financials Fibra Danhos

Equities

DANHOS 13

MXCFDA020005

Diversified REITs

End-of-day quote Mexican S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
20.83 MXN +2.11% Intraday chart for Fibra Danhos +0.39% -0.62%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 40,690 35,238 34,758 35,837 32,666 32,711 - -
Enterprise Value (EV) 1 46,037 40,238 40,016 41,615 39,745 40,279 40,351 41,487
P/E ratio 9.89 x 13.4 x 12.8 x 11.3 x 9.85 x 9.35 x 9.19 x 9.06 x
Yield 8.61% 4.11% 8.66% 10.3% 10% 9.65% 10.3% 11.3%
Capitalization / Revenue 7.02 x 7.59 x 7.29 x 6.5 x 5.28 x 5.07 x 4.83 x 4.63 x
EV / Revenue 7.95 x 8.67 x 8.4 x 7.55 x 6.42 x 6.25 x 5.95 x 5.88 x
EV / EBITDA 11.7 x 13.6 x 13 x 11.7 x 10.1 x 9.73 x 9.23 x 9.06 x
EV / FCF 13.7 x 18.9 x 15.2 x 14.3 x 13.9 x 10.6 x 11 x 8.41 x
FCF Yield 7.29% 5.29% 6.6% 6.99% 7.18% 9.45% 9.07% 11.9%
Price to Book 0.72 x 0.61 x 0.59 x 0.61 x 0.55 x 0.54 x 0.54 x 0.55 x
Nbr of stocks (in thousands) 1,418,757 1,448,917 1,504,658 1,531,509 1,558,494 1,570,386 - -
Reference price 2 28.68 24.32 23.10 23.40 20.96 20.83 20.83 20.83
Announcement Date 2/24/20 2/18/21 2/18/22 4/13/23 2/14/24 - - -
1MXN in Million2MXN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,794 4,642 4,766 5,513 6,189 6,446 6,778 7,059
EBITDA 1 3,947 2,967 3,081 3,566 3,947 4,138 4,373 4,579
EBIT 1 3,947 2,967 3,066 3,548 3,947 4,108 4,330 4,542
Operating Margin 68.11% 63.92% 64.33% 64.36% 63.77% 63.73% 63.88% 64.34%
Earnings before Tax (EBT) 1 4,347 2,646 2,807 3,229 3,371 3,525 4,034 4,183
Net income 1 4,105 2,644 2,805 2,839 3,309 3,517 3,690 3,714
Net margin 70.84% 56.96% 58.85% 51.5% 53.47% 54.56% 54.44% 52.62%
EPS 2 2.900 1.819 1.806 2.074 2.129 2.228 2.267 2.299
Free Cash Flow 1 3,356 2,129 2,639 2,910 2,852 3,808 3,658 4,931
FCF margin 57.92% 45.86% 55.37% 52.78% 46.09% 59.07% 53.97% 69.85%
FCF Conversion (EBITDA) 85.03% 71.76% 85.65% 81.61% 72.27% 92.03% 83.65% 107.7%
FCF Conversion (Net income) 81.76% 80.52% 94.09% 102.49% 86.2% 108.27% 99.13% 132.76%
Dividend per Share 2 2.470 1.000 2.001 2.400 2.100 2.011 2.138 2.348
Announcement Date 2/24/20 2/18/21 2/18/22 4/13/23 2/14/24 - - -
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 2024 Q4 2025 Q1
Net sales 1 1,252 1,364 1,302 1,338 1,349 1,524 1,448 1,514 1,552 1,675 1,570 1,584 1,611 1,764 1,565
EBITDA 1 778.5 871.4 863.2 864.4 876.6 949.1 930.5 957.2 996.4 1,067 1,017 995.1 1,013 1,121 990.3
EBIT 1 778.5 868.3 863.2 864.4 876.6 944.3 930.5 957.2 992.2 1,067 1,017 998 1,026 1,128 990.3
Operating Margin 62.18% 63.68% 66.28% 64.6% 64.98% 61.98% 64.25% 63.2% 63.95% 63.71% 64.83% 63.02% 63.69% 63.93% 63.27%
Earnings before Tax (EBT) - - - - - - - 792.1 - - - - - - -
Net income 1 - 888.9 777.9 791.8 763.9 501.8 776 761.5 899.5 872.3 805.2 845.3 879.6 937.5 797
Net margin - 65.19% 59.73% 59.17% 56.62% 32.94% 53.58% 50.28% 57.97% 52.09% 51.3% 53.38% 54.6% 53.15% 50.92%
EPS 2 0.4493 0.5719 0.5230 0.4993 0.4921 0.5691 0.5021 0.4636 0.5477 0.6451 0.5127 0.5378 0.5467 0.5895 0.5422
Dividend per Share 2 0.5200 0.5800 0.5800 0.6000 0.6000 0.6200 - 0.6000 0.4500 0.4500 0.4501 0.4500 0.4634 0.4657 0.4715
Announcement Date 10/21/21 2/18/22 4/27/22 7/21/22 10/20/22 4/13/23 4/22/23 7/20/23 10/19/23 2/14/24 4/19/24 - - - -
1MXN in Million2MXN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 5,347 5,000 5,258 5,777 7,079 7,568 7,640 8,776
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.355 x 1.685 x 1.706 x 1.62 x 1.794 x 1.829 x 1.747 x 1.917 x
Free Cash Flow 1 3,356 2,129 2,639 2,910 2,852 3,808 3,658 4,931
ROE (net income / shareholders' equity) 7.31% 4.58% 4.78% 4.82% 5.6% 5.72% 5.79% 5.99%
ROA (Net income/ Total Assets) 6.29% 3.99% 4.15% 4.13% 4.67% 5.16% 5.63% 5.84%
Assets 1 65,248 66,282 67,578 68,764 70,824 68,229 65,521 63,588
Book Value Per Share 2 39.90 40.20 39.00 38.30 37.90 38.50 38.30 38.00
Cash Flow per Share 2.950 1.980 2.270 3.220 - - - -
Capex 1 821 810 879 1,422 1,585 176 246 252
Capex / Sales 14.16% 17.45% 18.45% 25.79% 25.61% 2.74% 3.62% 3.58%
Announcement Date 2/24/20 2/18/21 2/18/22 4/13/23 2/14/24 - - -
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
20.83 MXN
Average target price
23.12 MXN
Spread / Average Target
+11.02%
Consensus