New Risk • Jul 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Mexican stocks, typically moving 4.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.4% average weekly change). Buy Or Sell Opportunity • Jun 03
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at Mex$79.50. The fair value is estimated to be Mex$99.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has grown by 7.1%. Revenue is forecast to grow by 9.4% in 2 years. Earnings are forecast to grow by 13% in the next 2 years. Buy Or Sell Opportunity • Mar 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.7% to Mex$79.80. The fair value is estimated to be Mex$101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 6.1% per annum over the same time period. Annonce • Mar 11
Corporación Moctezuma, S.A.B. de C.V., Annual General Meeting, Apr 13, 2026 Corporación Moctezuma, S.A.B. de C.V., Annual General Meeting, Apr 13, 2026. Location: monte elbruz no 134, 5th floor lomas de chapultepec neighborhood, zip code 11000, mexico Mexico Buy Or Sell Opportunity • Feb 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.4% to Mex$79.00. The fair value is estimated to be Mex$99.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 6.5% per annum over the same time period. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: Mex$1.93 (vs Mex$1.94 in 3Q 2024) Third quarter 2025 results: EPS: Mex$1.93 (down from Mex$1.94 in 3Q 2024). Revenue: Mex$5.24b (up 5.8% from 3Q 2024). Net income: Mex$1.64b (flat on 3Q 2024). Profit margin: 31% (down from 33% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Basic Materials industry in South America. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Aug 02
Second quarter 2025 earnings released: EPS: Mex$1.70 (vs Mex$2.11 in 2Q 2024) Second quarter 2025 results: EPS: Mex$1.70 (down from Mex$2.11 in 2Q 2024). Revenue: Mex$5.02b (down 5.0% from 2Q 2024). Net income: Mex$1.45b (down 20% from 2Q 2024). Profit margin: 29% (down from 34% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Basic Materials industry in South America. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • May 30
Now 22% undervalued Over the last 90 days, the stock has risen 1.3% to Mex$81.05. The fair value is estimated to be Mex$104, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 3.1% per annum over the same time period. Annonce • Mar 12
Corporación Moctezuma, S.A.B. de C.V., Annual General Meeting, Apr 09, 2025 Corporación Moctezuma, S.A.B. de C.V., Annual General Meeting, Apr 09, 2025. Location: monte elbruz no 134 5th floor, lomas de chapultepec neighborhood, mexico city cp 11000, mexico Mexico Reported Earnings • Mar 02
Full year 2024 earnings released: EPS: Mex$7.62 (vs Mex$7.17 in FY 2023) Full year 2024 results: EPS: Mex$7.62 (up from Mex$7.17 in FY 2023). Revenue: Mex$19.8b (flat on FY 2023). Net income: Mex$6.52b (up 5.8% from FY 2023). Profit margin: 33% (up from 31% in FY 2023). Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 1.5% growth forecast for the Basic Materials industry in South America. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 17
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at Mex$79.00. The fair value is estimated to be Mex$99.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 5.5% in the next 2 years. Reported Earnings • Oct 27
Third quarter 2024 earnings released: EPS: Mex$1.94 (vs Mex$1.85 in 3Q 2023) Third quarter 2024 results: EPS: Mex$1.94 (up from Mex$1.85 in 3Q 2023). Revenue: Mex$4.95b (flat on 3Q 2023). Net income: Mex$1.65b (up 4.2% from 3Q 2023). Profit margin: 33% (up from 32% in 3Q 2023). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in South America are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: Mex$2.11 (vs Mex$1.65 in 2Q 2023) Second quarter 2024 results: EPS: Mex$2.11 (up from Mex$1.65 in 2Q 2023). Revenue: Mex$5.29b (up 6.2% from 2Q 2023). Net income: Mex$1.80b (up 27% from 2Q 2023). Profit margin: 34% (up from 29% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 1.0% growth forecast for the Basic Materials industry in South America. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: Mex$1.92 (vs Mex$1.82 in 1Q 2023) First quarter 2024 results: EPS: Mex$1.92 (up from Mex$1.82 in 1Q 2023). Revenue: Mex$4.94b (up 1.8% from 1Q 2023). Net income: Mex$1.65b (up 5.2% from 1Q 2023). Profit margin: 33% (up from 32% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 17
Full year 2023 earnings released: EPS: Mex$7.17 (vs Mex$5.04 in FY 2022) Full year 2023 results: EPS: Mex$7.17 (up from Mex$5.04 in FY 2022). Revenue: Mex$19.7b (up 21% from FY 2022). Net income: Mex$6.17b (up 41% from FY 2022). Profit margin: 31% (up from 27% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: Mex$7.17 (vs Mex$5.04 in FY 2022) Full year 2023 results: EPS: Mex$7.17 (up from Mex$5.04 in FY 2022). Revenue: Mex$19.7b (up 21% from FY 2022). Net income: Mex$6.17b (up 41% from FY 2022). Profit margin: 31% (up from 27% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year. Board Change • Nov 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Independent Chairman of the Board Julio Rodriguez Izquierdo was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Oct 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Independent Chairman of the Board Julio Rodriguez Izquierdo was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Jul 30
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: Mex$4.98b (up 25% from 2Q 2022). Net income: Mex$1.42b (up 25% from 2Q 2022). Profit margin: 29% (in line with 2Q 2022). Board Change • Jul 26
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Independent Chairman of the Board Julio Rodriguez Izquierdo was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • May 09
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Independent Chairman of the Board Julio Rodriguez Izquierdo was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Apr 07
Upcoming dividend of Mex$2.00 per share at 6.8% yield Eligible shareholders must have bought the stock before 13 April 2023. Payment date: 17 April 2023. Payout ratio and cash payout ratio are on the higher end at 82% and 76% respectively. Trailing yield: 6.8%. Within top quartile of Mexican dividend payers (6.2%). Higher than average of industry peers (5.1%). Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: Mex$5.05 (vs Mex$5.19 in FY 2021) Full year 2022 results: EPS: Mex$5.05 (down from Mex$5.19 in FY 2021). Revenue: Mex$16.3b (up 2.6% from FY 2021). Net income: Mex$4.39b (down 3.3% from FY 2021). Profit margin: 27% (down from 29% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Independent Chairman of the Board Julio Rodriguez Izquierdo was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 01
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: Mex$4.09b (up 6.2% from 3Q 2021). Net income: Mex$1.02b (down 9.7% from 3Q 2021). Profit margin: 25% (down from 29% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Jul 27
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: Mex$3.99b (down 6.2% from 2Q 2021). Net income: Mex$1.14b (down 8.2% from 2Q 2021). Profit margin: 28% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 5.5%, compared to a 6.0% growth forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Non-Independent Director Julio Rodriguez Izquierdo was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Apr 21
Full year 2021 earnings released: EPS: Mex$5.19 (vs Mex$4.82 in FY 2020) Full year 2021 results: EPS: Mex$5.19 (up from Mex$4.82 in FY 2020). Revenue: Mex$15.9b (up 13% from FY 2020). Net income: Mex$4.54b (up 7.5% from FY 2020). Profit margin: 29% (down from 30% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 1.1%, compared to a 3.3% growth forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. Upcoming Dividend • Apr 14
Upcoming dividend of Mex$2.00 per share Eligible shareholders must have bought the stock before 21 April 2022. Payment date: 25 April 2022. Payout ratio and cash payout ratio are on the higher end at 77% and 76% respectively. Trailing yield: 6.2%. Within top quartile of Mexican dividend payers (5.3%). Higher than average of industry peers (4.0%). Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: Mex$5.19 (up from Mex$4.82 in FY 2020). Revenue: Mex$15.9b (up 13% from FY 2020). Net income: Mex$4.54b (up 7.5% from FY 2020). Profit margin: 29% (down from 30% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year. Board Change • Dec 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Non-Independent Director Julio Rodriguez Izquierdo was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 30
Third quarter 2021 earnings released The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: Mex$12.1b (up 221% from 3Q 2020). Net income: Mex$3.55b (up 218% from 3Q 2020). Profit margin: 29% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Jul 31
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Mex$4.26b (up 37% from 2Q 2020). Net income: Mex$1.24b (up 43% from 2Q 2020). Profit margin: 29% (up from 28% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 9% per year. Reported Earnings • May 03
First quarter 2021 earnings released The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: Mex$3.94b (up 21% from 1Q 2020). Net income: Mex$1.18b (down 3.4% from 1Q 2020). Profit margin: 30% (down from 38% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 6% per year. Upcoming Dividend • Apr 29
Upcoming dividend of Mex$2.00 per share Eligible shareholders must have bought the stock before 06 May 2021. Payment date: 10 May 2021. Trailing yield: 6.7%. Within top quartile of Mexican dividend payers (4.8%). Higher than average of industry peers (2.6%). Reported Earnings • Mar 03
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: Mex$14.1b (up 10.0% from FY 2019). Net income: Mex$4.22b (up 24% from FY 2019). Profit margin: 30% (up from 27% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 8% per year. Is New 90 Day High Low • Nov 06
New 90-day high: Mex$58.00 The company is up 26% from its price of Mex$46.08 on 07 August 2020. The Mexican market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 11% over the same period. Is New 90 Day High Low • Oct 02
New 90-day high: Mex$53.90 The company is up 11% from its price of Mex$48.50 on 02 July 2020. The Mexican market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 18% over the same period. Annonce • Sep 04
Corporacion Moctezuma Sa de CV Cmoctez to Be Deleted from Other OTC Corporacion Moctezuma Sa de CV Cmoctez’s ordinary shares will be deleted from Other OTC effective August 28, 2020. The deletion was due to inactive security.