GRUPO BIMBO, S.A.B. DE C.V. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 68.92 MXN | -2.24% |
|
-0.23% | -19.81% |
| Apr. 23 | Transcript : Grupo Bimbo, S.A.B. de C.V., Q1 2024 Earnings Call, Apr 22, 2024 | |
| Apr. 22 | Mexico's Grupo Bimbo first-quarter profit slides more than 40% | RE |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 183,442 | 159,273 | 195,459 | 266,595 | 365,157 | 302,124 | 302,124 | - |
| Enterprise Value (EV) 1 | 265,704 | 239,694 | 271,420 | 350,703 | 436,898 | 481,082 | 420,510 | 400,464 |
| P/E ratio | 31.8 x | 25.3 x | 21.6 x | 17.7 x | 7.81 x | 24.6 x | 19.3 x | 14.6 x |
| Yield | 1.15% | - | 2.31% | - | 1.58% | 1.19% | 1.27% | 1.65% |
| Capitalization / Revenue | 0.64 x | 0.55 x | 0.59 x | 0.76 x | 0.92 x | 0.94 x | 0.74 x | 0.68 x |
| EV / Revenue | 0.92 x | 0.82 x | 0.82 x | 1.01 x | 1.1 x | 1.2 x | 1.02 x | 0.9 x |
| EV / EBITDA | 8.38 x | 7.17 x | 6.01 x | 7.13 x | 8.17 x | 8.76 x | 7.31 x | 6.25 x |
| EV / FCF | 53 x | 16 x | 8.85 x | 13.6 x | 42.9 x | -209 x | 51.3 x | 14 x |
| FCF Yield | 1.89% | 6.26% | 11.3% | 7.33% | 2.33% | -0.48% | 1.95% | 7.15% |
| Price to Book | 2.3 x | 2.16 x | 2.33 x | 2.9 x | 2.95 x | 3.48 x | 2.49 x | 2.15 x |
| Nbr of stocks (in thousands) | 4,685,632 | 4,626,004 | 4,520,339 | 4,233,678 | 4,433,668 | 4,383,689 | 4,383,689 | - |
| Reference price 2 | 39.15 | 34.43 | 43.24 | 62.97 | 82.36 | 68.92 | 68.92 | 68.92 |
| Announcement Date | 2/21/19 | 2/20/20 | 2/24/21 | 2/22/22 | 2/22/23 | 2/19/24 | - | - |
1MXN in Million2MXN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 288,266 | 291,926 | 331,051 | 348,887 | 398,706 | 399,879 | 410,778 | 444,451 |
| EBITDA 1 | 31,705 | 33,426 | 45,193 | 49,178 | 53,445 | 54,942 | 57,544 | 64,081 |
| EBIT 1 | 20,629 | 20,419 | 25,408 | 34,126 | 53,696 | 35,455 | 36,102 | 40,592 |
| Operating Margin | 7.16% | 6.99% | 7.67% | 9.78% | 13.47% | 8.87% | 8.79% | 9.13% |
| Earnings before Tax (EBT) 1 | 11,707 | 12,108 | 16,744 | 26,353 | 45,879 | 25,324 | 25,500 | 30,643 |
| Net income 1 | 5,808 | 6,319 | 9,110 | 15,916 | 46,910 | 15,477 | 16,052 | 20,434 |
| Net margin | 2.01% | 2.16% | 2.75% | 4.56% | 11.77% | 3.87% | 3.91% | 4.6% |
| EPS 2 | 1.230 | 1.360 | 2.000 | 3.550 | 10.54 | 3.500 | 3.570 | 4.712 |
| Free Cash Flow 1 | 5,017 | 15,003 | 30,662 | 25,716 | 10,182 | -2,307 | 8,195 | 28,646 |
| FCF margin | 1.74% | 5.14% | 9.26% | 7.37% | 2.55% | -0.58% | 1.99% | 6.45% |
| FCF Conversion (EBITDA) | 15.82% | 44.88% | 67.85% | 52.29% | 19.05% | - | 14.24% | 44.7% |
| FCF Conversion (Net income) | 86.37% | 237.43% | 336.58% | 161.57% | 21.71% | - | 51.05% | 140.19% |
| Dividend per Share 2 | 0.4500 | - | 1.000 | - | 1.300 | 0.8193 | 0.8756 | 1.139 |
| Announcement Date | 2/21/19 | 2/20/20 | 2/24/21 | 2/22/22 | 2/22/23 | 2/19/24 | - | - |
1MXN in Million2MXN
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q2 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 83,789 | 88,182 | 97,445 | 93,321 | 96,434 | 102,821 | 108,996 | 99,565 | 100,366 | 99,182 | 101,883 | 95,420 | 99,144 | 104,312 | 107,354 |
| EBITDA 1 | 12,056 | 12,963 | 13,516 | 11,897 | 12,992 | 14,505 | 14,639 | 12,857 | 14,002 | 14,467 | 13,678 | 11,991 | 13,417 | 15,299 | 15,530 |
| EBIT 1 | 7,058 | 8,350 | 9,998 | 8,942 | 10,205 | 11,004 | 24,064 | 8,220 | 9,357 | 9,749 | 8,153 | 7,074 | 8,199 | 10,008 | 10,119 |
| Operating Margin | 8.42% | 9.47% | 10.26% | 9.58% | 10.58% | 10.7% | 22.08% | 8.26% | 9.32% | 9.83% | 8% | 7.41% | 8.27% | 9.59% | 9.43% |
| Earnings before Tax (EBT) 1 | 5,077 | 6,513 | 7,857 | 7,336 | 9,026 | 8,755 | 21,265 | 6,673 | 6,612 | 6,712 | 5,293 | 4,597 | 5,223 | 7,592 | 7,881 |
| Net income 1 | 3,065 | 4,031 | 4,824 | 4,467 | 6,146 | 6,062 | 30,234 | 4,046 | 3,953 | 4,183 | 3,260 | 3,124 | 3,171 | 4,610 | 4,858 |
| Net margin | 3.66% | 4.57% | 4.95% | 4.79% | 6.37% | 5.9% | 27.74% | 4.06% | 3.94% | 4.22% | 3.2% | 3.27% | 3.2% | 4.42% | 4.53% |
| EPS 2 | 0.7000 | 0.9500 | 1.080 | 1.000 | 1.380 | 1.370 | 6.800 | 0.9100 | 0.8900 | 0.9500 | 0.7400 | 0.7415 | 0.7200 | 1.050 | 1.110 |
| Dividend per Share 2 | - | - | - | - | - | - | 0.6500 | - | - | - | - | 0.1884 | 0.8800 | - | - |
| Announcement Date | 7/28/21 | 10/28/21 | 2/22/22 | 4/26/22 | 7/21/22 | 10/27/22 | 2/22/23 | 4/27/23 | 7/25/23 | 10/26/23 | 2/19/24 | - | - | - | - |
1MXN in Million2MXN
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 82,262 | 80,420 | 75,961 | 84,108 | 71,741 | 103,582 | 118,386 | 98,340 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.595 x | 2.406 x | 1.681 x | 1.71 x | 1.342 x | 1.885 x | 2.057 x | 1.535 x |
| Free Cash Flow 1 | 5,017 | 15,003 | 30,662 | 25,716 | 10,182 | -2,307 | 8,195 | 28,646 |
| ROE (net income / shareholders' equity) | 7.7% | 7.7% | 11.6% | 15.2% | 42.4% | 13.3% | 13.5% | 14.7% |
| ROA (Net income/ Total Assets) | 2.86% | 2.33% | 3.11% | 4.93% | 13.7% | 4.45% | 4.12% | 4.46% |
| Assets 1 | 202,856 | 271,575 | 292,926 | 322,637 | 342,701 | 347,938 | 389,340 | 458,165 |
| Book Value Per Share 2 | 17.10 | 15.90 | 18.50 | 21.70 | 27.90 | 24.70 | 27.70 | 32.00 |
| Cash Flow per Share 2 | 4.250 | 6.050 | 9.640 | 10.30 | 8.730 | 7.320 | 8.130 | 9.450 |
| Capex 1 | 15,067 | 13,117 | 13,218 | 20,671 | 28,669 | 34,754 | 33,811 | 23,764 |
| Capex / Sales | 5.23% | 4.49% | 3.99% | 5.92% | 7.19% | 8.69% | 8.23% | 5.35% |
| Announcement Date | 2/21/19 | 2/20/20 | 2/24/21 | 2/22/22 | 2/22/23 | 2/19/24 | - | - |
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
B
Sell
Buy
Mean consensus
HOLD
Number of Analysts
12
Last Close Price
68.92
MXN
Average target price
85.79
MXN
Spread / Average Target
+24.48%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -19.81% | 17.6B | |
| +14.46% | 8.16B | |
| +9.37% | 5.2B | |
| +21.33% | 5.02B | |
| -2.81% | 3.34B | |
| +10.70% | 1.86B | |
| -21.93% | 1.32B | |
| -32.26% | 769M | |
| -9.16% | 548M | |
| -6.96% | 424M |
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- BIMBO A Stock
- Financials Grupo Bimbo, S.A.B. de C.V.
