Financials Fibra Mty, S.A.P.I. de C.V.

Equities

FMTY 14

MXCFFM010000

Commercial REITs

End-of-day quote Mexican S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
10.2 MXN +0.20% Intraday chart for Fibra Mty, S.A.P.I. de C.V. +1.49% -16.87%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,609 11,177 11,901 15,537 22,246 18,477 - -
Enterprise Value (EV) 1 12,957 14,750 16,390 16,470 28,929 29,202 28,399 18,477
P/E ratio 15.1 x 72.3 x 7.44 x 8.78 x -22.7 x 15.9 x 9.53 x 10.7 x
Yield 9.28% 9.08% 7.3% 8.11% 7.66% 9.23% 10.1% 10.5%
Capitalization / Revenue 9.57 x 8.3 x 7.74 x 10.4 x 10.3 x 7.19 x 5.81 x 5.57 x
EV / Revenue 10.7 x 11 x 10.7 x 11 x 13.4 x 11.4 x 8.93 x 5.57 x
EV / EBITDA 13.6 x 13.7 x 15.5 x 13.8 x 16.2 x 12.9 x 10.8 x 6.83 x
EV / FCF 38.2 x 21.6 x - 13.4 x - 21.3 x 12.3 x 7.52 x
FCF Yield 2.62% 4.63% - 7.49% - 4.71% 8.15% 13.3%
Price to Book 0.94 x 0.97 x 0.95 x 0.94 x 1.07 x 0.89 x 0.89 x 0.88 x
Nbr of stocks (in thousands) 963,434 966,057 969,940 1,255,048 1,813,078 1,811,426 - -
Reference price 2 12.05 11.57 12.27 12.38 12.27 10.20 10.20 10.20
Announcement Date 2/19/20 3/1/21 2/23/22 2/22/23 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 1,214 1,347 1,537 1,501 2,152 2,568 3,180 3,317
EBITDA 1 952.5 1,073 1,058 1,193 1,786 2,262 2,640 2,707
EBIT 1 947.3 1,067 1,008 1,125 1,715 2,230 2,654 2,707
Operating Margin 78.06% 79.25% 65.61% 74.93% 79.67% 86.83% 83.44% 81.59%
Earnings before Tax (EBT) 1 576.9 158.1 1,605 1,510 -905.4 1,530 2,646 2,335
Net income 1 574.3 155.7 1,602 1,508 -912.5 1,528 2,537 2,335
Net margin 47.32% 11.56% 104.28% 100.46% -42.4% 59.49% 79.78% 70.39%
EPS 2 0.8000 0.1600 1.650 1.410 -0.5400 0.6400 1.070 0.9500
Free Cash Flow 1 339.3 682.9 - 1,233 - 1,374 2,314 2,458
FCF margin 27.96% 50.7% - 82.13% - 53.49% 72.76% 74.1%
FCF Conversion (EBITDA) 35.62% 63.65% - 103.36% - 60.75% 87.66% 90.81%
FCF Conversion (Net income) 59.08% 438.54% - 81.76% - 89.92% 91.21% 105.27%
Dividend per Share 2 1.118 1.050 0.8952 1.005 0.9396 0.9413 1.032 1.075
Announcement Date 2/19/20 3/1/21 2/23/22 2/22/23 2/14/24 - - -
1MXN in Million2MXN
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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
Net sales 1 506 375.3 373.8 375.1 377 372.6 593.4 578.7 607.5 605 651.5 706.9 756.7
EBITDA 1 284.4 305.2 301.5 296 290.2 292.7 504.1 481.2 507.7 508.4 537.5 578.6 619.4
EBIT 1 - - - - - - - - - 504 535.3 576.1 616.6
Operating Margin - - - - - - - - - 83.3% 82.15% 81.5% 81.49%
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income 1 - - - - - - - - - 236.9 530.1 553.1 562.1
Net margin - - - - - - - - - 39.16% 81.36% 78.25% 74.29%
EPS 2 - - - - - - - - - 0.1200 0.2300 0.2400 0.2400
Dividend per Share 2 0.2446 0.2467 0.2519 0.2503 0.2558 - 0.2232 0.2354 0.2254 - 0.3047 0.2647 0.2811
Announcement Date 2/23/22 4/21/22 7/21/22 10/19/22 2/22/23 4/27/23 7/26/23 10/25/23 2/14/24 4/25/24 - - -
1MXN in Million2MXN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,348 3,573 4,489 932 6,683 10,725 9,923 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.415 x 3.33 x 4.244 x 0.7816 x 3.742 x 4.742 x 3.759 x -
Free Cash Flow 1 339 683 - 1,233 - 1,374 2,314 2,458
ROE (net income / shareholders' equity) 5.4% 1.3% 13.3% 10.4% -4.9% 6.3% 12% 11.2%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 12.90 12.00 13.00 13.10 11.50 11.40 11.50 11.60
Cash Flow per Share 1.770 0.9300 1.140 1.160 - - - -
Capex 899 38.9 2,451 5.66 - - - -
Capex / Sales 74.1% 2.89% 159.5% 0.38% - - - -
Announcement Date 2/19/20 3/1/21 2/23/22 2/22/23 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
A
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
10.2 MXN
Average target price
14.73 MXN
Spread / Average Target
+44.40%
Consensus
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