Company Valuation: Fibra Plus

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 3,981 3,425 5,723 3,213 4,453 3,799
Change - -13.95% 67.07% -43.86% 38.61% -14.7%
Enterprise Value (EV) 1 4,792 4,982 8,855 6,630 8,638 8,678
Change - 3.96% 77.74% -25.13% 30.28% 0.47%
P/E 26.1x 10.9x 35.7x 5.37x 6.25x 11.5x
PBR 0.58x 0.51x 0.55x 0.29x 0.38x 0.31x
PEG - 0x -0.5x 0x 0.3x -0.2x
Capitalization / Revenue 33x 13.1x 8.17x 4.39x 5.32x 4.57x
EV / Revenue 39.8x 19.1x 12.6x 9.05x 10.3x 10.4x
EV / EBITDA 85.3x 66.1x 21.2x 15.1x 24.8x 19.7x
EV / EBIT 88x 66.6x 21.4x 15.3x 24.9x 19.8x
EV / FCF -946x 3.49x -6.14x 31.3x 41.9x 63.8x
FCF Yield -0.11% 28.7% -16.3% 3.2% 2.39% 1.57%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.408 0.839 0.256 0.94 1.12 0.52
Distribution rate - - - - - -
Net sales 1 120.5 261.4 700.7 732.4 837.7 830.8
EBITDA 1 56.16 75.37 416.9 438.5 348.9 439.7
EBIT 1 54.46 74.84 413.6 432.9 347.3 438.2
Net income 1 164.7 455.5 170 636.9 764.6 359.2
Net Debt 1 811.6 1,557 3,133 3,417 4,184 4,879
Reference price 2 10.650 9.170 9.150 5.050 7.000 6.000
Nbr of stocks (in thousands) 373,767 373,526 625,413 636,201 636,201 633,120
Announcement Date 4/15/21 A 4/25/22 A 5/5/23 A 5/8/24 A 5/3/25 A 6/3/26 A
1MXN in Million2MXN
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 187M
40.29x15.54x16.2x5.2% 58.65B
9.61x12.64x15.5x5.18% 17.62B
17.19x24.29x28.74x3.35% 17.74B
20.57x17.25x25.68x4.82% 15.44B
11.5x14.04x16.7x4.99% 13.08B
29.63x11.46x17.99x3.72% 10.67B
9.89x22.04x29.79x2.84% 10.63B
16.23x12.49x19.55x5.96% 9.93B
27.21x7.28x11.71x5.89% 8.52B
Average 20.24x 15.23x 20.21x 4.66% 16.25B
Weighted average by Cap. 25.39x 15.76x 19.41x 4.78%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA