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    GRUMA B   MXP4948K1056

GRUMA, S.A.B. DE C.V.

(GRUMA B)
  Report
End-of-day quote Mexican Stock Exchange  -  2022-12-01
245.75 MXN   +1.90%
10/20Transcript : Gruma, S.A.B. de C.V., Q3 2022 Earnings Call, Oct 20, 2022
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10/10Mexico inflation pact eases food oversight in 'goodwill' move
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10/05GRUMA, S.A.B. DE C.V. : Ex-dividend day for quarterly dividend
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Mexican tortilla maker Gruma says it obtained $125 mln loan

09/27/2022 | 05:59pm EST

MEXICO CITY, Sept 27 (Reuters) - Mexican tortilla-maker Gruma has obtained a $125 million loan it will use to refinance existing liabilities, it said in a statement on Tuesday.

The five-year loan from the Bank of Nova Scotia will help the company improve its cost of debt, the statement added.

Gruma, founded in 1949, ranks among the world's biggest producers of corn flour and tortillas. In July it announced a credit line for up to $150 million for general corporate uses.

In a quarterly earnings report that same month, the company said it would focus on expanding tortilla production worldwide while growing profits and limiting the effects of inflation.

Its end-June debt, for the most part denominated in U.S. dollars, amounted to $1.7 billion, it said in the report, up 4% from three months earlier.

In February, Gruma suspended operations at a plant in Ukraine after Russia's invasion of the major grain exporting country halted commercial shipping. (Reporting by Valentine Hilaire and Sarah Morland; Editing by David Gregorio)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CORN FUTURES (ZC) - CBE (ELECTRONIC)/C1 -2.23% 635.5 End-of-day quote.7.04%
GRUMA, S.A.B. DE C.V. 1.90% 245.75 End-of-day quote.-6.39%
S&P GSCI CORN INDEX -2.16% 533.5397 Real-time Quote.8.93%
THE BANK OF NOVA SCOTIA -1.74% 68.94 Delayed Quote.-23.02%
All news about GRUMA, S.A.B. DE C.V.
10/20Transcript : Gruma, S.A.B. de C.V., Q3 2022 Earnings Call, Oct 20, 2022
CI
10/10Mexico inflation pact eases food oversight in 'goodwill' move
RE
10/05GRUMA, S.A.B. DE C.V. : Ex-dividend day for quarterly dividend
FA
10/03Mexico taps private sector again in effort to keep food prices down
RE
09/28Gruma B De C : Inside Information / Ad Hoc Information
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09/28Gruma, S.A.B. de C.V. Obtains USD 125 Million Long Term Credit Facility to Refinance Ex..
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09/27Mexican tortilla maker Gruma says it obtained $125 mln loan
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08/24Fitch Affirms Gruma's Ratings at 'BBB+'; Outlook Stable
AQ
07/21Transcript : Gruma, S.A.B. de C.V., Q2 2022 Earnings Call, Jul 21, 2022
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07/21Gruma, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months En..
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More news
Financials
Sales 2022 108 B 5 591 M 5 591 M
Net income 2022 6 007 M 310 M 310 M
Net Debt 2022 29 492 M 1 524 M 1 524 M
P/E ratio 2022 15,4x
Yield 2022 2,25%
Capitalization 91 003 M 4 701 M 4 701 M
EV / Sales 2022 1,11x
EV / Sales 2023 1,00x
Nbr of Employees 23 511
Free-Float 48,2%
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Technical analysis trends GRUMA, S.A.B. DE C.V.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 245,75 MXN
Average target price 270,86 MXN
Spread / Average Target 10,2%
EPS Revisions
Managers and Directors
Juan Antonio González Moreno Chairman & Chief Executive Officer
Raúl Cavazos Morales Chief Financial Officer
Francisco Martinez Saldivar Chief Operational Officer
Homero Huerta Moreno Director & Chief Administrative Officer
Thomas Stanley Heather Rodríguez Independent Director
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