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Promotora y Operadora de Infraestructura S. A. B. de C. V

DB:AKY
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AKY
DB
MX$81B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Promotora y Operadora de Infraestructura, S. The last earnings update was 51 days ago. More info.


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AKY Share Price and Events
7 Day Returns
-1.8%
DB:AKY
2.7%
DE Infrastructure
2.3%
DE Market
1 Year Returns
4%
DB:AKY
-6.6%
DE Infrastructure
-7.2%
DE Market
AKY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Promotora y Operadora de Infraestructura S. A. B. de C. V (AKY) -1.8% 0.8% -0.1% 4% -21.4% -12.1%
DE Infrastructure 2.7% 0.3% 13.8% -6.6% 9.8% 5.2%
DE Market 2.3% 3.1% 8.8% -7.2% 9.3% 12.3%
1 Year Return vs Industry and Market
  • AKY outperformed the Infrastructure industry which returned -6.6% over the past year.
  • AKY outperformed the Market in Germany which returned -7.2% over the past year.
Price Volatility
AKY
Industry
5yr Volatility vs Market

AKY Value

 Is Promotora y Operadora de Infraestructura S. A. B. de C. V undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Promotora y Operadora de Infraestructura S. A. B. de C. V to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Promotora y Operadora de Infraestructura S. A. B. de C. V.

DB:AKY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:AKY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.985 (1 + (1- 30%) (7.14%))
1.023
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.023 * 5.96%)
6.33%

Discounted Cash Flow Calculation for DB:AKY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Promotora y Operadora de Infraestructura S. A. B. de C. V is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:AKY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (MXN, Millions) Source Present Value
Discounted (@ 6.33%)
2019 -4,958.00 Analyst x1 -4,663.01
2020 3,158.50 Analyst x4 2,793.84
2021 5,678.36 Analyst x4 4,723.92
2022 6,064.53 Analyst x3 4,745.01
2023 7,112.00 Analyst x2 5,233.49
2024 7,908.90 Est @ 11.21% 5,473.64
2025 8,534.65 Est @ 7.91% 5,555.28
2026 9,013.17 Est @ 5.61% 5,517.69
2027 9,373.08 Est @ 3.99% 5,396.62
2028 9,641.49 Est @ 2.86% 5,220.88
Present value of next 10 years cash flows MX$39,997.36
DB:AKY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= MX$9,641.49 × (1 + 0.23%) ÷ (6.33% – 0.23%)
MX$158,465.99
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= MX$158,465.99 ÷ (1 + 6.33%)10
MX$85,809.59
DB:AKY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= MX$39,997.36 + MX$85,809.59
MX$125,806.96
Equity Value per Share
(MXN)
= Total value / Shares Outstanding
= MX$125,806.96 / 424.42
MX$296.42
DB:AKY Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:AKY represents 0.04636x of BMV:PINFRA *
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.04636x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (MXN) x Listing Adjustment Factor
= MX$ 296.42 x 0.04636
€13.74
Value per share (EUR) From above. €13.74
Current discount Discount to share price of €8.71
= -1 x (€8.71 - €13.74) / €13.74
36.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Promotora y Operadora de Infraestructura S. A. B. de C. V is available for.
Intrinsic value
37%
Share price is €8.71 vs Future cash flow value of €13.74
Current Discount Checks
For Promotora y Operadora de Infraestructura S. A. B. de C. V to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Promotora y Operadora de Infraestructura S. A. B. de C. V's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Promotora y Operadora de Infraestructura S. A. B. de C. V's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Promotora y Operadora de Infraestructura S. A. B. de C. V's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Promotora y Operadora de Infraestructura S. A. B. de C. V's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AKY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in MXN MX$13.56
BMV:PINFRA * Share Price ** BMV (2019-04-17) in MXN MX$187.76
Europe Infrastructure Industry PE Ratio Median Figure of 30 Publicly-Listed Infrastructure Companies 22.31x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.43x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Promotora y Operadora de Infraestructura S. A. B. de C. V.

DB:AKY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BMV:PINFRA * Share Price ÷ EPS (both in MXN)

= 187.76 ÷ 13.56

13.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Promotora y Operadora de Infraestructura S. A. B. de C. V is good value based on earnings compared to the Europe Infrastructure industry average.
  • Promotora y Operadora de Infraestructura S. A. B. de C. V is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Promotora y Operadora de Infraestructura S. A. B. de C. V's expected growth come at a high price?
Raw Data
DB:AKY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
9.3%per year
Europe Infrastructure Industry PEG Ratio Median Figure of 21 Publicly-Listed Infrastructure Companies 2.55x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:AKY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.85x ÷ 9.3%

1.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Promotora y Operadora de Infraestructura S. A. B. de C. V is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Promotora y Operadora de Infraestructura S. A. B. de C. V's assets?
Raw Data
DB:AKY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in MXN MX$93.78
BMV:PINFRA * Share Price * BMV (2019-04-17) in MXN MX$187.76
Germany Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 1.58x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
DB:AKY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BMV:PINFRA * Share Price ÷ Book Value per Share (both in MXN)

= 187.76 ÷ 93.78

2x

* Primary Listing of Promotora y Operadora de Infraestructura S. A. B. de C. V.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Promotora y Operadora de Infraestructura S. A. B. de C. V is overvalued based on assets compared to the DE Infrastructure industry average.
X
Value checks
We assess Promotora y Operadora de Infraestructura S. A. B. de C. V's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Infrastructure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Infrastructure industry average (and greater than 0)? (1 check)
  5. Promotora y Operadora de Infraestructura S. A. B. de C. V has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AKY Future Performance

 How is Promotora y Operadora de Infraestructura S. A. B. de C. V expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Promotora y Operadora de Infraestructura S. A. B. de C. V expected to grow at an attractive rate?
  • Promotora y Operadora de Infraestructura S. A. B. de C. V's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Promotora y Operadora de Infraestructura S. A. B. de C. V's earnings growth is positive but not above the Germany market average.
  • Promotora y Operadora de Infraestructura S. A. B. de C. V's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:AKY Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:AKY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 9.3%
DB:AKY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 7.4%
Europe Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 7%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:AKY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in MXN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AKY Future Estimates Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 15,938 1
2022-12-31 15,664 7,615 2
2021-12-31 15,203 6,827 6,565 5
2020-12-31 13,490 6,731 6,410 11
2019-12-31 12,854 6,077 5,605 12
DB:AKY Past Financials Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income *
2018-12-31 11,479 7,530 5,080
2018-09-30 10,892 8,261 4,945
2018-06-30 10,315 8,944 4,919
2018-03-31 10,088 3,194 4,488
2017-12-31 10,008 5,368 4,385
2017-09-30 10,074 7,293 4,109
2017-06-30 10,039 6,855 4,412
2017-03-31 10,071 7,264 4,571
2016-12-31 10,540 6,117 4,784
2016-09-30 10,708 4,201 5,252
2016-06-30 11,279 4,934 4,962
2016-03-31 11,155 4,853 4,843

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Promotora y Operadora de Infraestructura S. A. B. de C. V's earnings are expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).
  • Promotora y Operadora de Infraestructura S. A. B. de C. V's revenue is expected to grow by 7.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:AKY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Promotora y Operadora de Infraestructura S. A. B. de C. V Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AKY Future Estimates Data
Date (Data in MXN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 14.40 14.68 14.13 2.00
2020-12-31 13.78 16.05 11.77 4.00
2019-12-31 12.11 13.18 10.85 3.00
DB:AKY Past Financials Data
Date (Data in MXN Millions) EPS *
2018-12-31 13.56
2018-09-30 11.91
2018-06-30 11.68
2018-03-31 11.77
2017-12-31 10.21
2017-09-30 10.22
2017-06-30 10.75
2017-03-31 10.87
2016-12-31 11.14
2016-09-30 12.26
2016-06-30 11.58
2016-03-31 11.31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Promotora y Operadora de Infraestructura S. A. B. de C. V is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Promotora y Operadora de Infraestructura S. A. B. de C. V's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Promotora y Operadora de Infraestructura S. A. B. de C. V has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AKY Past Performance

  How has Promotora y Operadora de Infraestructura S. A. B. de C. V performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Promotora y Operadora de Infraestructura S. A. B. de C. V's growth in the last year to its industry (Infrastructure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Promotora y Operadora de Infraestructura S. A. B. de C. V's year on year earnings growth rate has been positive over the past 5 years.
  • Promotora y Operadora de Infraestructura S. A. B. de C. V's 1-year earnings growth exceeds its 5-year average (15.9% vs 15.4%)
  • Promotora y Operadora de Infraestructura S. A. B. de C. V's earnings growth has exceeded the Europe Infrastructure industry average in the past year (15.9% vs 11.2%).
Earnings and Revenue History
Promotora y Operadora de Infraestructura S. A. B. de C. V's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Promotora y Operadora de Infraestructura S. A. B. de C. V Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AKY Past Revenue, Cash Flow and Net Income Data
Date (Data in MXN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 11,479.46 5,080.48 118.14
2018-09-30 10,891.68 4,944.97 122.76
2018-06-30 10,315.09 4,919.49 95.23
2018-03-31 10,088.30 4,487.82 88.00
2017-12-31 10,007.57 4,384.96 77.06
2017-09-30 10,073.73 4,108.50 64.65
2017-06-30 10,038.52 4,412.50 60.31
2017-03-31 10,070.51 4,570.74 68.80
2016-12-31 10,539.67 4,784.37 70.85
2016-09-30 10,708.04 5,251.71 48.79
2016-06-30 11,279.15 4,962.16 42.69
2016-03-31 11,154.74 4,843.28 41.61
2015-12-31 10,487.27 4,656.53 27.44
2015-09-30 9,639.74 3,987.02 32.68
2015-06-30 8,438.64 3,046.56 28.07
2015-03-31 7,258.14 2,563.01 30.85
2014-12-31 6,770.43 2,218.66 20.99
2014-09-30 6,442.82 2,218.98 33.90
2014-06-30 6,108.71 2,473.11 38.21
2014-03-31 6,008.22 2,373.28 39.25
2013-12-31 5,822.15 2,193.18 37.07
2013-09-30 5,430.95 2,148.49 33.76
2013-06-30 5,186.87 2,025.92 29.34
2013-03-31 4,929.11 1,942.78 26.74
2012-12-31 4,593.32 1,824.61 26.19
2012-09-30 4,445.53 1,230.74 33.34
2012-06-30 4,272.16 1,082.10 33.77

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Promotora y Operadora de Infraestructura S. A. B. de C. V has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Promotora y Operadora de Infraestructura S. A. B. de C. V used its assets more efficiently than the Europe Infrastructure industry average last year based on Return on Assets.
  • Promotora y Operadora de Infraestructura S. A. B. de C. V's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Promotora y Operadora de Infraestructura S. A. B. de C. V's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Infrastructure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Promotora y Operadora de Infraestructura S. A. B. de C. V has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AKY Health

 How is Promotora y Operadora de Infraestructura S. A. B. de C. V's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Promotora y Operadora de Infraestructura S. A. B. de C. V's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Promotora y Operadora de Infraestructura S. A. B. de C. V is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Promotora y Operadora de Infraestructura S. A. B. de C. V's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Promotora y Operadora de Infraestructura S. A. B. de C. V's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 4.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Promotora y Operadora de Infraestructura S. A. B. de C. V Company Filings, last reported 3 months ago.

DB:AKY Past Debt and Equity Data
Date (Data in MXN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 43,856.44 5,788.51 25,106.37
2018-09-30 42,331.64 6,123.82 24,247.66
2018-06-30 41,051.91 4,315.09 22,708.83
2018-03-31 43,415.96 4,988.11 21,332.49
2017-12-31 42,398.36 5,011.87 9,276.28
2017-09-30 37,016.84 5,153.78 16,415.89
2017-06-30 35,984.24 4,433.81 16,058.15
2017-03-31 32,755.57 5,307.31 14,659.51
2016-12-31 33,027.76 5,172.02 10,573.01
2016-09-30 26,809.72 8,005.84 12,277.67
2016-06-30 25,079.63 8,224.31 11,486.74
2016-03-31 23,872.03 6,239.23 9,266.22
2015-12-31 22,846.08 6,314.53 8,745.98
2015-09-30 21,834.80 6,535.26 9,845.38
2015-06-30 20,678.36 6,510.11 9,505.25
2015-03-31 19,633.64 6,936.49 9,958.69
2014-12-31 18,803.44 7,143.84 8,359.56
2014-09-30 17,816.34 7,400.70 9,741.31
2014-06-30 9,828.62 8,825.35 3,478.64
2014-03-31 9,251.76 8,967.92 3,299.47
2013-12-31 8,740.76 9,116.37 2,096.87
2013-09-30 7,898.17 9,044.82 2,891.38
2013-06-30 7,382.99 9,202.16 2,747.39
2013-03-31 6,884.37 9,264.11 1,938.86
2012-12-31 6,554.76 9,394.77 890.45
2012-09-30
2012-06-30 4,096.85 9,700.36 2,797.70
  • Promotora y Operadora de Infraestructura S. A. B. de C. V's level of debt (13.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (104.2% vs 13.2% today).
  • Debt is well covered by operating cash flow (130.1%, greater than 20% of total debt).
  • Promotora y Operadora de Infraestructura S. A. B. de C. V earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Promotora y Operadora de Infraestructura S. A. B. de C. V's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Promotora y Operadora de Infraestructura S. A. B. de C. V has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AKY Dividends

 What is Promotora y Operadora de Infraestructura S. A. B. de C. V's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.01%
Current annual income from Promotora y Operadora de Infraestructura S. A. B. de C. V dividends. Estimated to be 3.91% next year.
If you bought €2,000 of Promotora y Operadora de Infraestructura S. A. B. de C. V shares you are expected to receive €100 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Promotora y Operadora de Infraestructura S. A. B. de C. V's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Promotora y Operadora de Infraestructura S. A. B. de C. V's dividend is above the markets top 25% of dividend payers in Germany (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:AKY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
Europe Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 3.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:AKY Future Dividends Estimate Data
Date (Data in MX$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 12.12 2.00
2020-12-31 6.56 5.00
2019-12-31 5.93 4.00
DB:AKY Past Annualized Dividends Data
Date (Data in MX$) Dividend per share (annual) Avg. Yield (%)
2018-07-25 9.415 4.938
2018-05-02 9.415 5.172
2018-02-26 9.415 5.028
2017-04-28 1.881 0.960
2016-03-31 0.938 0.463
2016-02-23 0.938 0.420

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Promotora y Operadora de Infraestructura S. A. B. de C. V has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Promotora y Operadora de Infraestructura S. A. B. de C. V only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Promotora y Operadora de Infraestructura S. A. B. de C. V's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Promotora y Operadora de Infraestructura S. A. B. de C. V's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Promotora y Operadora de Infraestructura S. A. B. de C. V afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Promotora y Operadora de Infraestructura S. A. B. de C. V has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AKY Management

 What is the CEO of Promotora y Operadora de Infraestructura S. A. B. de C. V's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Peñaloza Alanís
AGE 45
TENURE AS CEO 18.3 years
CEO Bio

Mr. David Peñaloza Alanís has been the Chief Executive Officer since 2001 and serves as General director of Promotora y Operadora de Infraestructura S.A. de C.V. Mr. Alanís served at Societe Generale, GBM and Serfin. He has been Chairman of the Board of Promotora y Operadora de Infraestructura SAB de CV since April 30, 2013. He holds a post-graduate degree in administration from Harvard University. He holds a degree of Public Accountant from Universidad Anáhuac.

CEO Compensation
  • Insufficient data for David to compare compensation growth.
  • Insufficient data for David to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Promotora y Operadora de Infraestructura S. A. B. de C. V management team in years:

18.3
Average Tenure
51.5
Average Age
  • The average tenure for the Promotora y Operadora de Infraestructura S. A. B. de C. V management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

David Peñaloza Alanís

TITLE
Chairman of the Board
AGE
45
TENURE
18.3 yrs

Carlos Kolteniuk

TITLE
CFO, Director of IR & Director
AGE
55
TENURE
17.3 yrs

Manuel Pérez Del Toro Rivera Torres

TITLE
Chief Operating Officer
AGE
42
TENURE
12.3 yrs

Francisco Hugo Cajiga Castillo

TITLE
General Counsel
AGE
48
TENURE
18.3 yrs

Ricardo Jorge Casares Zavala

TITLE
Managing Director of Construction
AGE
65
TENURE
20.3 yrs

Jesús Enrique Garza Valdés

TITLE
Secretary

Salvador Sánchez Garza

TITLE
Chief Executive Officer of IPM
AGE
64
TENURE
21.3 yrs
Board of Directors

Carlos Kolteniuk

TITLE
CFO, Director of IR & Director
AGE
55

Luis Javier Solloa Hernández

TITLE
Independent Director
AGE
51

David Peñaloza Alanís

TITLE
Chairman of the Board
AGE
45
TENURE
6 yrs

Luis Hoyo García

TITLE
Independent Director
AGE
45

Adriana Peñaloza Alanís

TITLE
Director
AGE
47

Frantz Devos

TITLE
Independent Director
AGE
64

Moises Rubén Kolteniuk Toyber

TITLE
Director
AGE
72

Ramiro Pérez Abuin

TITLE
Independent Director
AGE
40
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Promotora y Operadora de Infraestructura S. A. B. de C. V's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Promotora y Operadora de Infraestructura S. A. B. de C. V has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AKY News

Simply Wall St News

AKY Company Info

Description

Promotora y Operadora de Infraestructura, S. A. B. de C. V. engages in the construction, operation, maintenance, financing, and promotion of infrastructure projects in Mexico. Its projects include heavy construction projects, such as highways, ports, tunnels, dams, bridges, airports, and train stations; industrial construction projects comprising petrochemical, industrial, residual water treatment, and energy generating plants; and urban construction projects, such as parking lots, museums, parks, education centers, buildings, water systems, public transportation systems, sanitary landfills, hospitals, and other health institutions. The company produces various asphalt concretes; basalt aggregates, including gravel, sand, seal, ballast, hydraulic base, sub-base, and tepetate; and concrete plumbing for drainage, center barriers for roads, and various other concrete prefabricated elements, as well as exploits petroleum aggregates. In addition, it holds federal and state toll highways; and offers services, such as loading and unloading ships, loading and unloading maneuvering yard, container filling and emptying, general cargo storage, and tying and untying lanyards, as well as manages, stores, and custodies imported goods. Further, the company provides merchandise receipt, storage, and dispatch services, as well as sewer systems; collects and disposes garbage; and leases real estate properties. Promotora y Operadora de Infraestructura, S. A. B. de C. V. was founded in 1969 and is based in Mexico City, Mexico.

Details
Name: Promotora y Operadora de Infraestructura, S. A. B. de C. V.
AKY
Exchange: DB
Founded: 1969
MX$3,805,658,113
424,423,697
Website: http://www.pinfra.com.mx
Address: Promotora y Operadora de Infraestructura, S. A. B. de C. V.
Bosque de Cidros No. 173,
Col. Bosques de las Lomas,
Mexico City,
Distrito Federal, 05120,
Mexico
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BMV PINFRA * Class I Ordinary Shares Bolsa Mexicana de Valores MX MXN 01. Mar 1994
OTCPK PYOI.F Class I Ordinary Shares Pink Sheets LLC US USD 01. Mar 1994
DB AKY Class I Ordinary Shares Deutsche Boerse AG DE EUR 01. Mar 1994
OTCPK PUOD.Y SPONSORED ADR Pink Sheets LLC US USD 22. Sep 1993
BMV PINFRA L COM NPV 'L' Bolsa Mexicana de Valores MX MXN 16. Jul 2014
Number of employees
Current staff
Staff numbers
2,938
Promotora y Operadora de Infraestructura S. A. B. de C. V employees.
Industry
Highways and Railtracks
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 23:01
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/04/09
Last earnings filing: 2019/02/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.