Company Valuation: Grupo Herdez, S.A.B. de C.V.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 19,557 14,322 14,644 15,250 17,668 26,864
Change - -26.76% 2.25% 4.14% 15.85% 52.05%
Enterprise Value (EV) 1 26,170 23,012 23,511 23,714 24,885 34,784
Change - -12.07% 2.17% 0.87% 4.94% 39.78%
P/E 24.1x 20x 19.2x 11.6x 13x 15x
PBR 2.66x 2.06x 2.15x 2.15x 2.23x 6.36x
PEG - -3x 1.5x 0.2x 2.44x 0.5x
Capitalization / Revenue 0.81x 0.55x 0.46x 0.42x 0.47x 0.7x
EV / Revenue 1.09x 0.88x 0.74x 0.65x 0.66x 0.9x
EV / EBITDA 7.52x 6.36x 5.32x 4.16x 4.19x 5.59x
EV / EBIT 9.09x 7.6x 6.22x 4.69x 4.67x 6.14x
EV / FCF 11.4x 76.2x 9.88x 6.58x 5.78x 32.4x
FCF Yield 8.77% 1.31% 10.1% 15.2% 17.3% 3.09%
Dividend per Share 2 1.2 1.2 1.2 1.5 1.5 -
Rate of return 2.3% 2.96% 2.75% 3.25% 2.74% -
EPS 2 2.168 2.024 2.278 3.981 4.193 5.551
Distribution rate 55.3% 59.3% 52.7% 37.7% 35.8% -
Net sales 1 24,036 26,153 31,646 36,213 37,425 38,593
EBITDA 1 3,480 3,618 4,420 5,696 5,932 6,217
EBIT 1 2,878 3,026 3,780 5,051 5,334 5,661
Net income 1 828 725.7 776.6 1,320 1,360 1,786
Net Debt 1 6,613 8,690 8,867 8,464 7,217 7,920
Reference price 2 52.22 40.48 43.65 46.10 54.72 83.53
Nbr of stocks (in thousands) 3,74,508 3,53,816 3,35,488 3,30,802 3,22,877 3,21,608
Announcement Date 27/04/21 21/04/22 20/04/23 17/04/24 23/04/25 23/04/26
1MXN in Million2MXN
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 100.93Cr
21.23x3.04x14.94x3.67% 27TCr
21.05x2.45x14.46x3.44% 7.74TCr
19.28x1.96x11.04x3.19% 5.34TCr
19.08x0.57x10.85x2.41% 4.13TCr
21.5x3.19x12.99x3.36% 3.48TCr
12.33x1.97x9.69x6.21% 3.07TCr
36.69x3.09x18.32x0.97% 3.05TCr
70.69x10.55x44.79x1.09% 2.89TCr
Average 27.73x 3.35x 17.14x 3.04% 6.34TCr
Weighted average by Cap. 23.75x 3.01x 15.51x 3.34%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  3. HERDEZ * Stock
  4. Valuation Grupo Herdez, S.A.B. de C.V.