Financials Accel, S.A.B. de C.V.

Equities

ACCELSA B

MXP000171316

Air Freight & Logistics

End-of-day quote Mexican S.E. 07:00:00 2024-03-20 pm EDT 5-day change 1st Jan Change
22.5 MXN -.--% Intraday chart for Accel, S.A.B. de C.V. -.--% -.--%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 1,947 2,703 3,648 3,402 3,875 4,253
Enterprise Value (EV) 1 2,024 3,452 4,678 5,473 6,128 7,064
P/E ratio 7.85 x 7.09 x 6.77 x 13.6 x 11.7 x 16.7 x
Yield - - - - - -
Capitalization / Revenue 0.28 x 0.34 x 0.4 x 0.34 x 0.37 x 0.33 x
EV / Revenue 0.3 x 0.43 x 0.51 x 0.55 x 0.59 x 0.54 x
EV / EBITDA 2.62 x 3.8 x 4.54 x 5.81 x 5.6 x 7.21 x
EV / FCF 15.9 x -10 x -94.4 x -15 x -51 x -32.5 x
FCF Yield 6.28% -10% -1.06% -6.65% -1.96% -3.08%
Price to Book 0.74 x 0.89 x 1.06 x 0.89 x 0.91 x 0.97 x
Nbr of stocks (in thousands) 189,003 189,003 189,003 189,003 189,003 189,003
Reference price 2 10.30 14.30 19.30 18.00 20.50 22.50
Announcement Date 4/25/18 4/30/19 4/27/20 4/26/21 4/29/22 4/21/23
1MXN in Million2MXN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 6,837 8,046 9,101 9,876 10,402 12,987
EBITDA 1 772.2 908.6 1,030 942.6 1,094 979.5
EBIT 1 581.1 679.9 780.3 584 734.2 545.2
Operating Margin 8.5% 8.45% 8.57% 5.91% 7.06% 4.2%
Earnings before Tax (EBT) 1 607.7 768.1 1,135 529.8 761.7 450.3
Net income 1 248.1 381.2 538.9 249.4 330.4 255
Net margin 3.63% 4.74% 5.92% 2.53% 3.18% 1.96%
EPS 2 1.313 2.017 2.851 1.320 1.748 1.349
Free Cash Flow 1 127.1 -345.1 -49.57 -363.7 -120.1 -217.5
FCF margin 1.86% -4.29% -0.54% -3.68% -1.15% -1.67%
FCF Conversion (EBITDA) 16.46% - - - - -
FCF Conversion (Net income) 51.24% - - - - -
Dividend per Share - - - - - -
Announcement Date 4/25/18 4/30/19 4/27/20 4/26/21 4/29/22 4/21/23
1MXN in Million2MXN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 77.2 749 1,030 2,071 2,254 2,811
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.1 x 0.8248 x 0.9998 x 2.198 x 2.06 x 2.87 x
Free Cash Flow 1 127 -345 -49.6 -364 -120 -218
ROE (net income / shareholders' equity) 11.6% 14.9% 18.7% 6.51% 8.76% 5.5%
ROA (Net income/ Total Assets) 7.43% 7.48% 7% 4.32% 4.62% 3.12%
Assets 1 3,341 5,098 7,697 5,768 7,146 8,164
Book Value Per Share 2 14.00 16.00 18.30 20.20 22.50 23.10
Cash Flow per Share 2 1.070 1.580 1.020 2.970 2.070 2.170
Capex 1 304 616 698 999 605 684
Capex / Sales 4.45% 7.66% 7.67% 10.11% 5.82% 5.27%
Announcement Date 4/25/18 4/30/19 4/27/20 4/26/21 4/29/22 4/21/23
1MXN in Million2MXN
Estimates
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