Financials Grupo Comercial Chedraui, S.A.B. de C.V. Deutsche Boerse AG

Equities

2GCB

MX01CH170002

Food Retail & Distribution

Market Closed - Deutsche Boerse AG 03:05:44 2024-06-19 am EDT 5-day change 1st Jan Change
6.05 EUR +0.83% Intraday chart for Grupo Comercial Chedraui, S.A.B. de C.V. -1.63% +13.08%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 25,908 27,498 40,509 79,829 98,396 119,845 - -
Enterprise Value (EV) 1 35,424 51,578 95,749 79,829 131,934 158,769 151,777 147,445
P/E ratio 17.3 x 10.6 x 12 x 13.3 x 12.9 x 14.5 x 13.1 x 11.9 x
Yield 1.64% 1.54% 1.12% - 0.91% 1.54% 1.29% 1.91%
Capitalization / Revenue 0.2 x 0.19 x 0.21 x 0.31 x 0.37 x 0.43 x 0.4 x 0.37 x
EV / Revenue 0.27 x 0.35 x 0.51 x 0.31 x 0.5 x 0.57 x 0.5 x 0.46 x
EV / EBITDA 3.88 x 4.78 x 6.85 x 3.73 x 5.66 x 6.38 x 5.69 x 5.25 x
EV / FCF 33.6 x 5.38 x 8.09 x - 12.2 x 17.7 x 17.2 x 15 x
FCF Yield 2.98% 18.6% 12.4% - 8.19% 5.67% 5.8% 6.66%
Price to Book 0.95 x 0.94 x 1.26 x - 2.18 x 2.43 x 2.17 x 1.87 x
Nbr of stocks (in thousands) 955,293 956,115 954,953 959,711 959,213 959,296 - -
Reference price 2 27.12 28.76 42.42 83.18 102.6 124.9 124.9 124.9
Announcement Date 2/25/20 2/25/21 2/15/22 2/21/23 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 1 129,443 146,287 188,487 259,326 263,058 279,336 302,458 321,943
EBITDA 1 9,128 10,788 13,981 21,427 23,320 24,892 26,692 28,110
EBIT 1 5,576 6,933 8,741 13,746 15,712 16,998 18,627 20,040
Operating Margin 4.31% 4.74% 4.64% 5.3% 5.97% 6.09% 6.16% 6.22%
Earnings before Tax (EBT) 1 2,465 3,748 4,942 8,722 11,070 12,159 13,296 14,851
Net income 1 1,518 2,589 3,391 5,997 7,645 8,299 9,097 10,096
Net margin 1.17% 1.77% 1.8% 2.31% 2.91% 2.97% 3.01% 3.14%
EPS 2 1.570 2.710 3.540 6.270 7.970 8.617 9.508 10.47
Free Cash Flow 1 1,055 9,580 11,842 - 10,808 8,995 8,809 9,823
FCF margin 0.82% 6.55% 6.28% - 4.11% 3.22% 2.91% 3.05%
FCF Conversion (EBITDA) 11.56% 88.8% 84.7% - 46.35% 36.14% 33% 34.94%
FCF Conversion (Net income) 69.55% 370% 349.24% - 141.38% 108.38% 96.83% 97.29%
Dividend per Share 2 0.4439 0.4439 0.4750 - 0.9333 1.924 1.615 2.384
Announcement Date 2/25/20 2/25/21 2/15/22 2/21/23 2/20/24 - - -
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 2025 Q1 2025 Q2
Net sales 1 65,079 60,728 63,817 64,758 70,023 64,427 64,577 64,294 69,760 64,841 70,265 71,816 77,048 73,226 77,095
EBITDA 1 4,617 4,748 5,347 5,388 5,944 5,412 5,817 5,712 6,380 5,772 6,332 6,384 7,090 6,289 6,902
EBIT 1 2,516 2,850 3,445 3,451 4,000 3,500 3,851 3,880 4,482 3,903 4,366 4,358 4,942 4,238 4,731
Operating Margin 3.87% 4.69% 5.4% 5.33% 5.71% 5.43% 5.96% 6.03% 6.42% 6.02% 6.21% 6.07% 6.41% 5.79% 6.14%
Earnings before Tax (EBT) 1 1,266 1,617 2,204 2,184 2,718 2,320 2,681 2,792 3,277 2,865 3,054 3,112 3,611 2,917 3,419
Net income 1 975.3 1,064 1,450 1,427 2,056 1,553 1,800 1,880 2,412 1,922 2,011 2,050 2,378 1,921 2,252
Net margin 1.5% 1.75% 2.27% 2.2% 2.94% 2.41% 2.79% 2.92% 3.46% 2.96% 2.86% 2.85% 3.09% 2.62% 2.92%
EPS 2 1.020 1.110 1.520 1.490 2.150 1.610 1.870 1.950 2.510 1.990 2.053 2.115 2.637 2.108 2.330
Dividend per Share 2 - - 0.5224 - - - - - - - 1.189 - 1.037 - 1.037
Announcement Date 2/15/22 4/27/22 7/26/22 10/25/22 2/21/23 4/25/23 7/27/23 10/24/23 2/20/24 4/24/24 - - - - -
1MXN in Million2MXN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 9,517 24,081 55,240 - 33,538 38,924 31,932 27,600
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.043 x 2.232 x 3.951 x - 1.438 x 1.564 x 1.196 x 0.9818 x
Free Cash Flow 1 1,055 9,580 11,842 - 10,808 8,995 8,809 9,823
ROE (net income / shareholders' equity) 5.61% 9.13% 11% - 18.1% 17.3% 17.8% 18%
ROA (Net income/ Total Assets) 1.73% - - - 5.39% 5.82% 5.75% 5.76%
Assets 1 87,812 - - - 141,808 142,501 158,345 175,315
Book Value Per Share 2 28.40 30.60 33.70 - 47.10 51.30 57.70 67.00
Cash Flow per Share 2 5.060 12.50 16.70 - - 17.30 18.30 19.70
Capex 1 3,790 2,348 4,137 - 7,374 10,593 10,571 10,933
Capex / Sales 2.93% 1.61% 2.19% - 2.8% 3.79% 3.5% 3.4%
Announcement Date 2/25/20 2/25/21 2/15/22 2/21/23 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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
124.9 MXN
Average target price
142.9 MXN
Spread / Average Target
+14.38%
Consensus
  1. Stock Market
  2. Equities
  3. CHDRAUI B Stock
  4. 2GCB Stock
  5. Financials Grupo Comercial Chedraui, S.A.B. de C.V.