Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to Mex$82.00, the stock trades at a trailing P/E ratio of 68.4x. Average trailing P/E is 13x in the Infrastructure industry in Mexico. Total returns to shareholders of 310% over the past three years. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to Mex$60.00, the stock trades at a trailing P/E ratio of 58.6x. Average trailing P/E is 14x in the Infrastructure industry in Mexico. Total returns to shareholders of 226% over the past three years. Board Change • Oct 15
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. 7 experienced directors. 3 highly experienced directors. Independent Director Antonio Franck Cabrera 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. Board Change • Oct 05
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. 7 experienced directors. 3 highly experienced directors. Independent Director Antonio Franck Cabrera 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. 공시 • Oct 06
IFM GIF, Through One or More Indirect Subsidiaries, Intends to Seek the Voluntary Delisting of Aleatica’s Shares IFM Investors Pty Ltd. (“IFM Investors”) announced that the IFM Global Infrastructure Fund (“IFM GIF”) intends to undertake a voluntary tender offer through an indirect subsidiary (the “Offeror”) to acquire up to 14.03% of the shares of Aleatica, S.A.B. de C.V. (“Aleatica”) that are not already indirectly owned by IFM GIF (the “Potential Tender Offer” or the “Transaction”). The Potential Tender Offer remains subject to obtaining the necessary corporate and regulatory authorizations, including the approval of the Comisión Nacional Bancaria y de Valores (CNBV) in Mexico. Subject to the successful launch and completion of the Potential Tender Offer, if the necessary number of shares are acquired, IFM GIF, through one or more indirect subsidiaries, intends to seek the voluntary delisting of Aleatica’s shares from the Bolsa Mexicana de Valores (BMV). Board Change • Sep 30
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. 1 highly experienced director. Independent Director Antonio Hugo Franck Cabrera 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. Board Change • Aug 30
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. 1 highly experienced director. Independent Director Antonio Hugo Franck Cabrera 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. Board Change • Jul 29
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. 1 highly experienced director. Independent Director Antonio Hugo Franck Cabrera 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. Board Change • May 21
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. 1 highly experienced director. Independent Director Antonio Hugo Franck Cabrera 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 • Mar 01
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: Mex$0.81 loss per share (down from Mex$0.54 loss in FY 2020). Revenue: Mex$10.9b (up 62% from FY 2020). Net loss: Mex$1.41b (loss widened 51% from FY 2020). Revenue exceeded analyst estimates by 3.5%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 30
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: Mex$2.17b (up 45% from 3Q 2020). Net income: Mex$85.2m (up Mex$462.1m from 3Q 2020). Profit margin: 3.9% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 02
Second quarter 2021 earnings released: Mex$0.31 loss per share (vs Mex$0.28 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: Mex$2.16b (up 62% from 2Q 2020). Net loss: Mex$537.6m (loss widened 12% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Reported Earnings • May 06
First quarter 2021 earnings released The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: Mex$1.68b (down 75% from 1Q 2020). Net loss: Mex$404.2m (down 114% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 18
Full year 2020 earnings released: Mex$0.54 loss per share (vs Mex$5.25 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: Mex$6.75b (down 28% from FY 2019). Net loss: Mex$932.3m (down 110% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS Mex$5.89 (vs Mex$5.25 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: Mex$24.0b (up 155% from FY 2019). Net income: Mex$10.1b (up 11% from FY 2019). Profit margin: 42% (down from 97% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. 공시 • Jan 28
Aleatica, S.A.B. de C.V.(BMV:ALEATIC *) dropped from FTSE All-World Index (USD) Aleatica, S.A.B. de C.V.(BMV:ALEATIC *) dropped from FTSE All-World Index (USD) Is New 90 Day High Low • Dec 24
New 90-day high: Mex$24.50 The company is up 27% from its price of Mex$19.28 on 23 September 2020. The Mexican market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Infrastructure industry, which is up 28% over the same period. Is New 90 Day High Low • Dec 03
New 90-day high: Mex$21.11 The company is up 11% from its price of Mex$19.00 on 03 September 2020. The Mexican market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 18% over the same period.