Financials Fibra Mty, S.A.P.I. de C.V.

Equities

FMTY 14

MXCFFM010000

Commercial REITs

End-of-day quote Mexican S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
10.49 MXN +2.84% Intraday chart for Fibra Mty, S.A.P.I. de C.V. +5.96% -14.51%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,609 11,177 11,901 15,537 22,246 26,157 - -
Enterprise Value (EV) 1 12,957 14,750 16,390 16,470 28,929 36,882 33,915 30,065
P/E ratio 15.1 x 72.3 x 7.44 x 8.78 x -22.7 x 16.4 x 9.8 x 11 x
Yield 9.28% 9.08% 7.3% 8.11% 7.66% 8.22% 9.84% 10.1%
Capitalization / Revenue 9.57 x 8.3 x 7.74 x 10.4 x 10.3 x 10.1 x 8.44 x 8.28 x
EV / Revenue 10.7 x 11 x 10.7 x 11 x 13.4 x 14.3 x 10.9 x 9.52 x
EV / EBITDA 13.6 x 13.7 x 15.5 x 13.8 x 16.2 x 17 x 13.1 x 11.5 x
EV / FCF 38.2 x 21.6 x - 13.4 x - 26.8 x 14.7 x 12.2 x
FCF Yield 2.62% 4.63% - 7.49% - 3.73% 6.82% 8.18%
Price to Book 0.94 x 0.97 x 0.95 x 0.94 x 1.07 x 0.92 x 0.91 x 0.91 x
Nbr of stocks (in thousands) 963,434 966,057 969,940 1,255,048 1,813,078 2,493,498 - -
Reference price 2 12.05 11.57 12.27 12.38 12.27 10.49 10.49 10.49
Announcement Date 2/19/20 3/1/21 2/23/22 2/22/23 2/14/24 - - -
1MXN in Million2MXN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,214 1,347 1,537 1,501 2,152 2,585 3,099 3,159
EBITDA 1 952.5 1,073 1,058 1,193 1,786 2,175 2,583 2,624
EBIT 1 947.3 1,067 1,008 1,125 1,715 2,173 2,582 2,623
Operating Margin 78.06% 79.25% 65.61% 74.93% 79.67% 84.06% 83.3% 83.02%
Earnings before Tax (EBT) 1 576.9 158.1 1,605 1,510 -905.4 1,530 2,646 2,335
Net income 1 574.3 155.7 1,602 1,508 -912.5 1,528 2,537 2,335
Net margin 47.32% 11.56% 104.28% 100.46% -42.4% 59.12% 81.86% 73.92%
EPS 2 0.8000 0.1600 1.650 1.410 -0.5400 0.6400 1.070 0.9500
Free Cash Flow 1 339.3 682.9 - 1,233 - 1,374 2,314 2,458
FCF margin 27.96% 50.7% - 82.13% - 53.16% 74.66% 77.81%
FCF Conversion (EBITDA) 35.62% 63.65% - 103.36% - 63.16% 89.58% 93.66%
FCF Conversion (Net income) 59.08% 438.54% - 81.76% - 89.92% 91.21% 105.27%
Dividend per Share 2 1.118 1.050 0.8952 1.005 0.9396 0.8624 1.032 1.060
Announcement Date 2/19/20 3/1/21 2/23/22 2/22/23 2/14/24 - - -
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
Net sales 1 506 375.3 373.8 375.1 377 372.6 593.4 578.7 607.5 605 624.9 636.3 651.5 660.6
EBITDA 1 284.4 305.2 301.5 296 290.2 292.7 504.1 481.2 507.7 508.4 537.5 578.6 619.4 -
EBIT 1 - - - - - - - - - 504 526 542.4 555 557.9
Operating Margin - - - - - - - - - 83.3% 84.17% 85.24% 85.19% 84.45%
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income 1 - - - - - - - - - 236.9 530.1 553.1 562.1 -
Net margin - - - - - - - - - 39.16% 84.83% 86.92% 86.27% -
EPS 2 - - - - - - - - - 0.1200 0.2300 0.2400 0.2400 -
Dividend per Share 2 0.2446 0.2467 0.2519 0.2503 0.2558 - 0.2232 0.2354 0.2254 - 0.3047 0.2647 0.2811 -
Announcement Date 2/23/22 4/21/22 7/21/22 10/19/22 2/22/23 4/27/23 7/26/23 10/25/23 2/14/24 4/25/24 - - - -
1MXN in Million2MXN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,348 3,573 4,489 932 6,683 10,725 7,758 3,908
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.415 x 3.33 x 4.244 x 0.7816 x 3.742 x 4.93 x 3.003 x 1.489 x
Free Cash Flow 1 339 683 - 1,233 - 1,374 2,314 2,458
ROE (net income / shareholders' equity) 5.4% 1.3% 13.3% 10.4% -4.9% 6.3% 12% 11.2%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 12.90 12.00 13.00 13.10 11.50 11.40 11.50 11.60
Cash Flow per Share 1.770 0.9300 1.140 1.160 - - - -
Capex 899 38.9 2,451 5.66 - - - -
Capex / Sales 74.1% 2.89% 159.5% 0.38% - - - -
Announcement Date 2/19/20 3/1/21 2/23/22 2/22/23 2/14/24 - - -
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
A
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
10.49 MXN
Average target price
14.76 MXN
Spread / Average Target
+40.73%
Consensus
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