GRUPO CARSO, S.A.B. DE C.V. Financials Grupo Carso, S.A.B. de C.V. Deutsche Boerse AG
Equities
4GF
MXP461181085
Consumer Goods Conglomerates
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.55 EUR | -1.50% |
|
-2.96% | -33.16% |
| 06-24 | Grupo Carso, S.A.B. de C.V.(BMV:GCARSO A1) added to S&P International 700 | CI |
| 06-24 | Grupo Carso, S.A.B. de C.V.(BMV:GCARSO A1) added to S&P Global 1200 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 159,170 | 150,536 | 149,275 | 183,900 | 427,929 | 295,398 | - | - |
| Enterprise Value (EV) 1 | 161,911 | 165,096 | 168,772 | 183,900 | 463,075 | 324,408 | 320,106 | 300,686 |
| P/E ratio | 19.5 x | 26.1 x | 13.3 x | 9.52 x | 31.3 x | 20.5 x | 14.4 x | 9.82 x |
| Yield | 1.37% | - | 1.51% | - | - | 0.85% | 1.7% | 3.4% |
| Capitalization / Revenue | 1.55 x | 1.59 x | 1.19 x | 1.01 x | 2.16 x | 1.38 x | 1.28 x | 1.2 x |
| EV / Revenue | 1.58 x | 1.74 x | 1.35 x | 1.01 x | 2.33 x | 1.52 x | 1.39 x | 1.22 x |
| EV / EBITDA | 11.2 x | 14.7 x | 10.5 x | 5.87 x | 15.3 x | 10.1 x | 8.92 x | 7.34 x |
| EV / FCF | - | 26.9 x | - | - | 55.6 x | 27.5 x | 25.7 x | 24.1 x |
| FCF Yield | - | 3.72% | - | - | 1.8% | 3.63% | 3.89% | 4.15% |
| Price to Book | - | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 2,279,713 | 2,267,789 | 2,255,249 | 2,248,991 | 2,257,128 | 2,256,325 | - | - |
| Reference price 2 | 69.82 | 66.38 | 66.19 | 81.77 | 189.6 | 130.9 | 130.9 | 130.9 |
| Announcement Date | 2/20/20 | 2/15/21 | 2/1/22 | 2/1/23 | 1/29/24 | - | - | - |
1MXN in Million2MXN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 102,478 | 94,684 | 124,926 | 181,539 | 198,461 | 213,489 | 230,212 | 247,180 |
| EBITDA 1 | 14,481 | 11,206 | 16,049 | 31,324 | 30,278 | 31,978 | 35,905 | 40,952 |
| EBIT 1 | 11,453 | 7,768 | 13,307 | 26,292 | 24,415 | 26,386 | 29,793 | 34,327 |
| Operating Margin | 11.18% | 8.2% | 10.65% | 14.48% | 12.3% | 12.36% | 12.94% | 13.89% |
| Earnings before Tax (EBT) | 11,964 | 9,229 | 15,202 | 24,523 | 19,627 | - | - | - |
| Net income 1 | 8,173 | 5,777 | 11,238 | 19,332 | 13,636 | 15,714 | 19,793 | 25,496 |
| Net margin | 7.97% | 6.1% | 9% | 10.65% | 6.87% | 7.36% | 8.6% | 10.31% |
| EPS 2 | 3.580 | 2.540 | 4.960 | 8.590 | 6.050 | 6.400 | 9.070 | 13.33 |
| Free Cash Flow 1 | - | 6,142 | - | - | 8,322 | 11,778 | 12,447 | 12,488 |
| FCF margin | - | 6.49% | - | - | 4.19% | 5.52% | 5.41% | 5.05% |
| FCF Conversion (EBITDA) | - | 54.81% | - | - | 27.49% | 36.83% | 34.67% | 30.49% |
| FCF Conversion (Net income) | - | 106.32% | - | - | 61.03% | 74.95% | 62.88% | 48.98% |
| Dividend per Share 2 | 0.9600 | - | 1.000 | - | - | 1.110 | 2.230 | 4.450 |
| Announcement Date | 2/20/20 | 2/15/21 | 2/1/22 | 2/1/23 | 1/29/24 | - | - | - |
1MXN in Million2MXN
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2023 Q1 | 2023 Q2 | 2023 Q3 |
|---|---|---|---|---|---|---|
| Net sales 1 | 37,866 | 34,544 | 49,198 | 49,021 | 48,278 | 45,728 |
| EBITDA 1 | 4,819 | 4,766 | 6,732 | 7,561 | 7,673 | 7,083 |
| EBIT | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - |
| Net income 1 | 4,046 | 3,037 | 3,427 | 3,870 | 3,454 | 2,817 |
| Net margin | 10.69% | 8.79% | 6.97% | 7.89% | 7.15% | 6.16% |
| EPS 2 | 1.790 | 1.350 | 1.520 | 1.720 | 1.540 | 1.250 |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 2/1/22 | 4/25/22 | 7/25/22 | 4/25/23 | 7/24/23 | 10/23/23 |
1MXN in Million2MXN
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,741 | 14,560 | 19,497 | - | 35,146 | 29,010 | 24,708 | 5,288 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.1893 x | 1.299 x | 1.215 x | - | 1.161 x | 0.9072 x | 0.6881 x | 0.1291 x |
| Free Cash Flow 1 | - | 6,142 | - | - | 8,322 | 11,778 | 12,447 | 12,488 |
| ROE (net income / shareholders' equity) | 9.55% | 6.47% | 11.4% | - | 10.9% | 10.6% | 10.8% | - |
| ROA (Net income/ Total Assets) | - | - | - | - | 5.56% | 5.7% | 6.2% | - |
| Assets 1 | - | - | - | - | 245,044 | 275,675 | 319,247 | - |
| Book Value Per Share | - | - | - | - | - | - | - | - |
| Cash Flow per Share | 4.300 | 3.990 | 1.390 | - | 5.950 | - | - | - |
| Capex 1 | 3,683 | 4,581 | 1,416 | - | 5,077 | 7,720 | 8,817 | 9,726 |
| Capex / Sales | 3.59% | 4.84% | 1.13% | - | 2.56% | 3.62% | 3.83% | 3.93% |
| Announcement Date | 2/20/20 | 2/15/21 | 2/1/22 | 2/1/23 | 1/29/24 | - | - | - |
1MXN in Million
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
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
3
Last Close Price
130.9
MXN
Average target price
123.3
MXN
Spread / Average Target
-5.85%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +13.23% | 885B | |
| +1.90% | 243B | |
| +25.68% | 176B | |
| +2.45% | 139B | |
| +79.65% | 102B | |
| -9.11% | 71.28B | |
| -4.98% | 56.14B | |
| +107.50% | 34.93B | |
| -35.64% | 32.83B |
- Stock Market
- Equities
- GCARSO A1 Stock
- 4GF Stock
- Financials Grupo Carso, S.A.B. de C.V.
