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

Equities

ACCELSA B

MXP000171316

Air Freight & Logistics

End-of-day quote Mexican S.E. 04:30:00 21/03/2024 am IST 5-day change 1st Jan Change
22.5 MXN -.--% Intraday chart for Accel, S.A.B. de C.V. -.--% -.--%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,703 3,648 3,402 3,875 4,253 4,253
Enterprise Value (EV) 1 3,452 4,678 5,473 6,128 7,064 7,664
P/E ratio 7.09 x 6.77 x 13.6 x 11.7 x 16.7 x 16.2 x
Yield - - - - - -
Capitalization / Revenue 0.34 x 0.4 x 0.34 x 0.37 x 0.33 x 0.34 x
EV / Revenue 0.43 x 0.51 x 0.55 x 0.59 x 0.54 x 0.62 x
EV / EBITDA 3.8 x 4.54 x 5.81 x 5.6 x 7.21 x 7.36 x
EV / FCF -10 x -94.4 x -15 x -51 x -32.5 x -127 x
FCF Yield -10% -1.06% -6.65% -1.96% -3.08% -0.79%
Price to Book 0.89 x 1.06 x 0.89 x 0.91 x 0.97 x 0.99 x
Nbr of stocks (in thousands) 1,89,003 1,89,003 1,89,003 1,89,003 1,89,003 1,89,003
Reference price 2 14.30 19.30 18.00 20.50 22.50 22.50
Announcement Date 30/04/19 27/04/20 26/04/21 29/04/22 21/04/23 22/04/24
1MXN in Million2MXN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 8,046 9,101 9,876 10,402 12,987 12,420
EBITDA 1 908.6 1,030 942.6 1,094 979.5 1,041
EBIT 1 679.9 780.3 584 734.2 545.2 516.1
Operating Margin 8.45% 8.57% 5.91% 7.06% 4.2% 4.16%
Earnings before Tax (EBT) 1 768.1 1,135 529.8 761.7 450.3 449.1
Net income 1 381.2 538.9 249.4 330.4 255 263.1
Net margin 4.74% 5.92% 2.53% 3.18% 1.96% 2.12%
EPS 2 2.017 2.851 1.320 1.748 1.349 1.392
Free Cash Flow 1 -345.1 -49.57 -363.7 -120.1 -217.5 -60.47
FCF margin -4.29% -0.54% -3.68% -1.15% -1.67% -0.49%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 30/04/19 27/04/20 26/04/21 29/04/22 21/04/23 22/04/24
1MXN in Million2MXN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 749 1,030 2,071 2,254 2,811 3,411
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.8248 x 0.9998 x 2.198 x 2.06 x 2.87 x 3.277 x
Free Cash Flow 1 -345 -49.6 -364 -120 -218 -60.5
ROE (net income / shareholders' equity) 14.9% 18.7% 6.51% 8.76% 5.5% 5.45%
ROA (Net income/ Total Assets) 7.48% 7% 4.32% 4.62% 3.12% 2.77%
Assets 1 5,098 7,697 5,768 7,146 8,164 9,504
Book Value Per Share 2 16.00 18.30 20.20 22.50 23.10 22.80
Cash Flow per Share 2 1.580 1.020 2.970 2.070 2.170 1.940
Capex 1 616 698 999 605 684 904
Capex / Sales 7.66% 7.67% 10.11% 5.82% 5.27% 7.28%
Announcement Date 30/04/19 27/04/20 26/04/21 29/04/22 21/04/23 22/04/24
1MXN in Million2MXN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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