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) 374,508 353,816 335,488 330,802 322,877 321,608
Announcement Date 4/27/21 A 4/21/22 A 4/20/23 A 4/17/24 A 4/23/25 A 4/23/26 A
1MXN in Million2MXN
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 994M
20.63x2.97x14.58x3.78% 265B
20.55x2.4x14.18x3.53% 75.52B
19.09x1.94x10.95x3.22% 53B
17.91x0.54x10.3x2.56% 38.75B
21.72x3.22x13.1x3.33% 35.23B
40.49x3.39x20.08x0.88% 33.87B
11.92x1.92x9.44x6.46% 29.47B
71.13x10.62x45.09x1.07% 29.45B
Average 27.93x 3.37x 17.22x 3.1% 62.38B
Weighted average by Cap. 23.75x 3.01x 15.46x 3.4%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Grupo Herdez, S.A.B. de C.V.