Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to Mex$14.37, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 11x in the Metals and Mining industry in South America. Total returns to shareholders of 430% over the past three years. New Risk • May 22
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 128% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.2% average weekly change). Minor Risk High level of debt (128% net debt to equity). Board Change • May 02
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. 9 experienced directors. 2 highly experienced directors. Independent Director Jesús Bastida was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Buy Or Sell Opportunity • Mar 19
Now 23% undervalued Over the last 90 days, the stock has risen 2.3% to Mex$9.21. The fair value is estimated to be Mex$11.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Mex$10.50, the stock trades at a trailing P/E ratio of 40.8x. Average trailing P/E is 14x in the Metals and Mining industry in South America. Total returns to shareholders of 262% over the past three years. Buy Or Sell Opportunity • Feb 18
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 65% to Mex$14.20. The fair value is estimated to be Mex$11.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jan 28
Now 33% overvalued after recent price rise Over the last 90 days, the stock has risen 61% to Mex$14.30. The fair value is estimated to be Mex$10.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to Mex$11.05, the stock trades at a trailing P/E ratio of 71.8x. Average trailing P/E is 13x in the Metals and Mining industry in South America. Total returns to shareholders of 270% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to Mex$9.40, the stock trades at a trailing P/E ratio of 61.1x. Average trailing P/E is 9x in the Metals and Mining industry in South America. Total returns to shareholders of 246% over the past three years. Buy Or Sell Opportunity • Nov 10
Now 20% undervalued Over the last 90 days, the stock has risen 131% to Mex$8.59. The fair value is estimated to be Mex$10.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. New Risk • Nov 06
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Reported Earnings • Nov 02
Third quarter 2025 earnings released: EPS: Mex$0.07 (vs Mex$0.05 loss in 3Q 2024) Third quarter 2025 results: EPS: Mex$0.07 (up from Mex$0.05 loss in 3Q 2024). Revenue: Mex$3.45b (up 35% from 3Q 2024). Net income: Mex$402.0m (up Mex$692.0m from 3Q 2024). Profit margin: 12% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 55% per year, which means it is well ahead of earnings. New Risk • Aug 11
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Share price has been highly volatile over the past 3 months (8.3% average weekly change). New Risk • Jun 24
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 5.8% 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. This is currently the only risk that has been identified for the company. Annuncio • Apr 16
Minera Frisco, S.A.B. de C.V., Annual General Meeting, Apr 30, 2025 Minera Frisco, S.A.B. de C.V., Annual General Meeting, Apr 30, 2025. Location: 781 av paseo de las palmas, 7th floor lomas de chapultepec, section iii miguel hidalgo borough, zip code 11000, mexico Mexico Reported Earnings • Mar 03
Full year 2024 earnings released: Mex$0.16 loss per share (vs Mex$0.13 loss in FY 2023) Full year 2024 results: Mex$0.16 loss per share (further deteriorated from Mex$0.13 loss in FY 2023). Revenue: Mex$10.5b (up 19% from FY 2023). Net loss: Mex$938.6m (loss widened 20% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jan 24
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to Mex$3.00. The fair value is estimated to be Mex$3.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Jul 28
Second quarter 2024 earnings released: Mex$0.06 loss per share (vs Mex$0.013 profit in 2Q 2023) Second quarter 2024 results: Mex$0.06 loss per share (down from Mex$0.013 profit in 2Q 2023). Revenue: Mex$2.55b (up 16% from 2Q 2023). Net loss: Mex$372.4m (down Mex$455.9m from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Board Change • May 01
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. 9 experienced directors. 3 highly experienced directors. Non-Independent Director Hector Seade was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Jan 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Mexican stocks, typically moving 7.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.7% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (7.1% average weekly change). New Risk • Nov 03
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.7% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.7% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (4.7% average weekly change). Reported Earnings • Oct 31
Third quarter 2023 earnings released: Mex$0.13 loss per share (vs Mex$0.04 loss in 3Q 2022) Third quarter 2023 results: Mex$0.13 loss per share (further deteriorated from Mex$0.04 loss in 3Q 2022). Revenue: Mex$1.63b (down 45% from 3Q 2022). Net loss: Mex$770.2m (loss widened 220% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. New Risk • Aug 03
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Share price has been highly volatile over the past 3 months (6.7% average weekly change). Reported Earnings • Jul 31
Second quarter 2023 earnings released: EPS: Mex$0.01 (vs Mex$0.04 in 2Q 2022) Second quarter 2023 results: EPS: Mex$0.01 (down from Mex$0.04 in 2Q 2022). Revenue: Mex$2.19b (down 36% from 2Q 2022). Net income: Mex$83.5m (down 67% from 2Q 2022). Profit margin: 3.8% (down from 7.4% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: Mex$0.06 (vs Mex$0.09 in 1Q 2022) First quarter 2023 results: EPS: Mex$0.06 (down from Mex$0.09 in 1Q 2022). Revenue: Mex$2.79b (down 23% from 1Q 2022). Net income: Mex$383.7m (down 28% from 1Q 2022). Profit margin: 14% (down from 15% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in Mexico. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: Mex$0.16 (vs Mex$0.29 loss in FY 2021) Full year 2022 results: EPS: Mex$0.16 (up from Mex$0.29 loss in FY 2021). Revenue: Mex$12.7b (down 1.3% from FY 2021). Net income: Mex$975.1m (up Mex$2.76b from FY 2021). Profit margin: 7.7% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Metals and Mining industry in Mexico. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. 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. 10 experienced directors. 2 highly experienced directors. Non-Independent Director Daniel Slim was the last director to join the board, commencing their role in 2015. 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: Mex$0.04 loss per share (vs Mex$0.12 loss in 3Q 2021) Third quarter 2022 results: Mex$0.04 loss per share (improved from Mex$0.12 loss in 3Q 2021). Revenue: Mex$2.95b (down 6.9% from 3Q 2021). Net loss: Mex$241.0m (loss narrowed 68% from 3Q 2021). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Metals and Mining industry in Mexico. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 02
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: Mex$3.43b (up 2.0% from 2Q 2021). Net income: Mex$251.9m (down 4.4% from 2Q 2021). Profit margin: 7.4% (down from 7.8% in 2Q 2021). Over the next year, revenue is forecast to grow 7.3% compared to a 5.6% decline forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 05
First quarter 2022 earnings released First quarter 2022 results: Revenue: Mex$3.60b (up 23% from 1Q 2021). Net income: Mex$532.5m (up Mex$1.37b from 1Q 2021). Profit margin: 15% (up from net loss in 1Q 2021). The move to profitability was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 18%, compared to a 2.1% growth forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target decreased to Mex$2.90 Down from Mex$3.30, the current price target is provided by 1 analyst. New target price is 20% below last closing price of Mex$3.63. Stock is down 16% over the past year. The company posted a net loss per share of Mex$0.29 last year. 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. 10 experienced directors. 2 highly experienced directors. Non-Independent Director Daniel Slim was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annuncio • Feb 26
Minera Frisco, S.A.B. de C.V. to Report Q4, 2021 Results on Feb 28, 2022 Minera Frisco, S.A.B. de C.V. announced that they will report Q4, 2021 results After-Market on Feb 28, 2022 Price Target Changed • Dec 10
Price target increased to Mex$3.30 Up from Mex$2.90, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of Mex$3.45. Stock is down 11% over the past year. The company posted a net loss per share of Mex$0.87 last year. Price Target Changed • Sep 29
Price target decreased to Mex$2.90 Down from Mex$3.30, the current price target is provided by 1 analyst. New target price is 20% below last closing price of Mex$3.62. Stock is down 10.0% over the past 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$3.36b (up 43% from 2Q 2020). Net income: Mex$263.6m (up Mex$612.2m from 2Q 2020). Profit margin: 7.8% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Mar 05
Revenue misses expectations Revenue missed analyst estimates by 10%. Over the next year, revenue is forecast to grow 50%, compared to a 98% growth forecast for the Metals and Mining industry in Mexico. Reported Earnings • Mar 04
Full year 2020 earnings released: Mex$0.87 loss per share (vs Mex$0.89 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: Mex$10.2b (up 6.8% from FY 2019). Net loss: Mex$5.25b (loss widened 46% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 25% per year. Is New 90 Day High Low • Feb 10
New 90-day high: Mex$5.07 The company is up 31% from its price of Mex$3.88 on 11 November 2020. The Mexican market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 35% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: Mex$4.26 The company is up 7.0% from its price of Mex$4.00 on 07 October 2020. The Mexican market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 37% over the same period. Price Target Changed • Dec 10
Price target lowered to Mex$3.20 Down from Mex$3.50, the current price target is provided by 1 analyst. The new target price is 17% below the current share price of Mex$3.87. As of last close, the stock is up 17% over the past year. Reported Earnings • Nov 02
Third quarter 2020 earnings released: Mex$0.14 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: Mex$2.88b (up 32% from 3Q 2019). Net loss: Mex$819.3m (loss narrowed 60% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 14
New 90-day high: Mex$4.16 The company is up 28% from its price of Mex$3.26 on 16 July 2020. The Mexican market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 12% over the same period. Annuncio • Jul 30
Minera Frisco, S.A.B. de C.V. to Report Q2, 2020 Results on Jul 28, 2020 Minera Frisco, S.A.B. de C.V. announced that they will report Q2, 2020 results at 5:00 PM, Central Standard Time (Mexico) on Jul 28, 2020