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Infraestructura Energética Nova. de

DB:2IE
Snowflake Description

Good value with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2IE
DB
MX$129B
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

Infraestructura Energética Nova, S.A.B. de C.V. The last earnings update was 57 days ago. More info.


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2IE Share Price and Events
7 Day Returns
1.5%
DB:2IE
-3%
Europe Gas Utilities
2.5%
DE Market
1 Year Returns
1.1%
DB:2IE
10.8%
Europe Gas Utilities
-6.7%
DE Market
2IE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Infraestructura Energética Nova. de (2IE) 1.5% 13.4% 5.4% 1.1% 14.9% -
Europe Gas Utilities -3% 0.3% 4.3% 10.8% 36.4% 27.8%
DE Market 2.5% 3.3% 9.2% -6.7% 9% 13.5%
1 Year Return vs Industry and Market
  • 2IE underperformed the Gas Utilities industry which returned 10.8% over the past year.
  • 2IE outperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
2IE
Industry
5yr Volatility vs Market

2IE Value

 Is Infraestructura Energética Nova. de 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 Infraestructura Energética Nova. de 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 Infraestructura Energética Nova. de.

DB:2IE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
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:2IE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Gas Utilities Unlevered Beta Simply Wall St/ S&P Global 0.37
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.372 (1 + (1- 30%) (42.03%))
0.652
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

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

The calculations below outline how an intrinsic value for Infraestructura Energética Nova. de 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:2IE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5%)
2019 297.50 Analyst x2 283.34
2020 583.50 Analyst x2 529.29
2021 521.90 Analyst x2 450.89
2022 493.90 Analyst x1 406.39
2023 475.17 Est @ -3.79% 372.38
2024 462.87 Est @ -2.59% 345.48
2025 454.81 Est @ -1.74% 323.31
2026 449.57 Est @ -1.15% 304.38
2027 446.26 Est @ -0.74% 287.76
2028 444.26 Est @ -0.45% 272.84
Present value of next 10 years cash flows $3,576.07
DB:2IE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $444.26 × (1 + 0.23%) ÷ (5% – 0.23%)
$9,338.75
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $9,338.75 ÷ (1 + 5%)10
$5,735.37
DB:2IE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,576.07 + $5,735.37
$9,311.43
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $9,311.43 / 1,532.02
$130.82
DB:2IE Discount to Share Price
Calculation Result
Exchange Rate USD/MXN
(Reporting currency to currency of BMV:IENOVA *)
18.769
Value per Share
(MXN)
= Value per Share in USD x Exchange Rate (USD/MXN)
= $6.08 x 18.769
MX$114.07
Non-primary Listing Adjustment Factor 1 share in DB:2IE represents 0.04646x of BMV:IENOVA *
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.04646x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (MXN) x Listing Adjustment Factor
= MX$ 114.07 x 0.04646
€5.30
Value per share (EUR) From above. €5.30
Current discount Discount to share price of €3.91
= -1 x (€3.91 - €5.30) / €5.30
26.2%

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

Current Discount
Amount off the current price Infraestructura Energética Nova. de is available for.
Intrinsic value
26%
Share price is €3.91 vs Future cash flow value of €5.3
Current Discount Checks
For Infraestructura Energética Nova. de to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Infraestructura Energética Nova. de's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Infraestructura Energética Nova. de'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 Infraestructura Energética Nova. de's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Infraestructura Energética Nova. de's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2IE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.28
BMV:IENOVA * Share Price ** BMV (2019-04-18) in MXN MX$84.18
BMV:IENOVA * Share Price converted to USD reporting currency Exchange rate (MXN/ USD) 0.053 $4.49
Europe Gas Utilities Industry PE Ratio Median Figure of 8 Publicly-Listed Gas Utilities Companies 17.85x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 19.69x

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

** Primary Listing of Infraestructura Energética Nova. de.

DB:2IE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BMV:IENOVA * Share Price ÷ EPS (both in USD)

= 4.49 ÷ 0.28

15.98x

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

  • Infraestructura Energética Nova. de is good value based on earnings compared to the Europe Gas Utilities industry average.
  • Infraestructura Energética Nova. de is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Infraestructura Energética Nova. de's expected growth come at a high price?
Raw Data
DB:2IE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
6.1%per year
Global Gas Utilities Industry PEG Ratio Median Figure of 29 Publicly-Listed Gas Utilities Companies 2.47x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:2IE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.98x ÷ 6.1%

2.62x

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

  • Infraestructura Energética Nova. de is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Infraestructura Energética Nova. de's assets?
Raw Data
DB:2IE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $3.09
BMV:IENOVA * Share Price * BMV (2019-04-18) in MXN MX$84.18
BMV:IENOVA * Share Price converted to USD reporting currency Exchange rate (MXN/ USD) 0.053 $4.49
Europe Gas Utilities Industry PB Ratio Median Figure of 9 Publicly-Listed Gas Utilities Companies 1.82x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
DB:2IE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BMV:IENOVA * Share Price ÷ Book Value per Share (both in USD)

= 4.49 ÷ 3.09

1.45x

* Primary Listing of Infraestructura Energética Nova. de.

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

  • Infraestructura Energética Nova. de is good value based on assets compared to the Europe Gas Utilities industry average.
X
Value checks
We assess Infraestructura Energética Nova. de'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 Gas Utilities 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 Gas Utilities industry average (and greater than 0)? (1 check)
  5. Infraestructura Energética Nova. de has a total score of 4/6, 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.

2IE Future Performance

 How is Infraestructura Energética Nova. de expected to perform in the next 1 to 3 years based on estimates from 9 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
6.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Infraestructura Energética Nova. de expected to grow at an attractive rate?
  • Infraestructura Energética Nova. de's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Infraestructura Energética Nova. de's earnings growth is positive but not above the Germany market average.
  • Infraestructura Energética Nova. de's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2IE Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2IE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 6.1%
DB:2IE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 2.9%
Europe Gas Utilities Industry Earnings Growth Rate Market Cap Weighted Average 39.9%
Europe Gas Utilities Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
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:2IE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2IE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 1,524 846 567 1
2021-12-31 1,483 728 548 4
2020-12-31 1,435 694 458 9
2019-12-31 1,354 595 385 9
DB:2IE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,369 625 431
2018-09-30 1,282 695 435
2018-06-30 1,213 654 450
2018-03-31 1,193 585 393
2017-12-31 1,167 586 411
2017-09-30 1,159 389 355
2017-06-30 1,014 333 953
2017-03-31 866 290 946
2016-12-31 718 240 867
2016-09-30 614 276 881
2016-06-30 588 156 167
2016-03-31 651 177 156

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Infraestructura Energética Nova. de's earnings are expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).
  • Infraestructura Energética Nova. de's revenue is expected to grow by 2.9% 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:2IE 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 9 Analyst Estimates (S&P Global) See Below

All data from Infraestructura Energética Nova. de Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2IE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.37 0.37 0.37 1.00
2021-12-31 0.37 0.37 0.36 3.00
2020-12-31 0.33 0.35 0.28 6.00
2019-12-31 0.30 0.32 0.25 5.00
DB:2IE Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.28
2018-09-30 0.28
2018-06-30 0.29
2018-03-31 0.26
2017-12-31 0.27
2017-09-30 0.23
2017-06-30 0.67
2017-03-31 0.71
2016-12-31 0.70
2016-09-30 0.76
2016-06-30 0.14
2016-03-31 0.14

*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.
  • Infraestructura Energética Nova. de is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Infraestructura Energética Nova. de'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.
Infraestructura Energética Nova. de has a total score of 1/6, 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.

2IE Past Performance

  How has Infraestructura Energética Nova. de 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 Infraestructura Energética Nova. de's growth in the last year to its industry (Gas Utilities).
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.
  • Infraestructura Energética Nova. de has delivered over 20% year on year earnings growth in the past 5 years.
  • Infraestructura Energética Nova. de's 1-year earnings growth is less than its 5-year average (4.9% vs 29%)
  • Infraestructura Energética Nova. de's earnings growth has exceeded the Europe Gas Utilities industry average in the past year (4.9% vs 3.8%).
Earnings and Revenue History
Infraestructura Energética Nova. de'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 Infraestructura Energética Nova. de Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2IE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,368.56 430.59 214.52
2018-09-30 1,281.80 435.09 188.61
2018-06-30 1,213.26 449.64 175.26
2018-03-31 1,192.72 393.12 181.61
2017-12-31 1,166.53 410.58 176.79
2017-09-30 1,158.99 354.90 185.48
2017-06-30 1,013.81 952.72 162.14
2017-03-31 865.69 946.35 129.43
2016-12-31 717.89 867.32 104.75
2016-09-30 614.43 880.68 85.53
2016-06-30 587.79 167.13 85.03
2016-03-31 650.52 156.15 103.55
2015-12-31 613.04 154.99 81.86
2015-09-30 665.59 92.42 41.46
2015-06-30 732.83 145.91 89.79
2015-03-31 775.89 140.18 80.09
2014-12-31 738.83 132.92 78.66
2014-09-30 778.78 154.02 102.88
2014-06-30 732.79 146.56 69.70
2014-03-31 711.16 128.45 102.29
2013-12-31 677.84 142.39 99.69
2013-09-30 673.94 183.54 91.97
2013-06-30 658.48 188.41 87.99
2013-03-31 628.94 186.65 80.08
2012-12-31 607.61 194.02 76.42

*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.
  • Infraestructura Energética Nova. de has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Infraestructura Energética Nova. de used its assets more efficiently than the Europe Gas Utilities industry average last year based on Return on Assets.
  • Infraestructura Energética Nova. de has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Infraestructura Energética Nova. de'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 Gas Utilities 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.
Infraestructura Energética Nova. de 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.

2IE Health

 How is Infraestructura Energética Nova. de'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 Infraestructura Energética Nova. de's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Infraestructura Energética Nova. de's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Infraestructura Energética Nova. de's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Infraestructura Energética Nova. de'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x 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 Infraestructura Energética Nova. de Company Filings, last reported 3 months ago.

DB:2IE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,753.75 2,888.31 51.76
2018-09-30 4,699.46 2,893.34 45.91
2018-06-30 4,774.01 2,688.31 72.35
2018-03-31 4,673.22 2,658.27 71.98
2017-12-31 4,516.59 2,578.32 38.29
2017-09-30 4,488.85 2,298.69 38.50
2017-06-30 4,550.40 1,999.68 31.02
2017-03-31 4,508.51 1,885.25 73.18
2016-12-31 4,350.31 1,785.04 25.00
2016-09-30 2,726.04 2,561.05 174.89
2016-06-30 2,211.76 770.90 53.52
2016-03-31 2,196.87 763.78 70.02
2015-12-31 2,179.86 766.49 60.45
2015-09-30 2,131.51 750.95 85.96
2015-06-30 2,319.36 564.94 110.33
2015-03-31 2,272.72 573.66 74.41
2014-12-31 2,249.29 584.19 113.66
2014-09-30 2,291.02 591.13 118.42
2014-06-30 2,400.08 456.01 180.14
2014-03-31 2,361.52 450.16 246.91
2013-12-31 2,316.41 494.08 310.91
2013-09-30 2,429.62 451.73 491.64
2013-06-30 2,376.30 445.15 551.04
2013-03-31 2,356.53 479.79 667.97
2012-12-31 1,763.12 460.60 85.07
  • Infraestructura Energética Nova. de's level of debt (60.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (21.3% vs 60.8% today).
  • Debt is well covered by operating cash flow (21.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.6x coverage).
X
Financial health checks
We assess Infraestructura Energética Nova. de'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. Infraestructura Energética Nova. de has a total score of 2/6, 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.

2IE Dividends

 What is Infraestructura Energética Nova. de'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
2.9%
Current annual income from Infraestructura Energética Nova. de dividends. Estimated to be 3.21% next year.
If you bought €2,000 of Infraestructura Energética Nova. de shares you are expected to receive €58 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?
  • Infraestructura Energética Nova. de's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Infraestructura Energética Nova. de's dividend is below the markets top 25% of dividend payers in Germany (3.74%).
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:2IE 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 9 Analyst Estimates (S&P Global) See Below
Europe Gas Utilities Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
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:2IE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.17 1.00
2021-12-31 0.16 5.00
2020-12-31 0.14 9.00
2019-12-31 0.13 9.00
DB:2IE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-04-30 0.130 3.093
2017-04-28 0.130 2.540
2016-10-27 0.120 2.750
2016-04-29 0.110 2.734
2016-02-24 0.150 3.777
2015-04-30 0.150 3.280
2015-02-26 0.150 2.733
2014-04-30 0.241 4.339
2014-02-27 0.241 4.921
2013-03-22 0.140 3.587

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

  • Infraestructura Energética Nova. de has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Infraestructura Energética Nova. de has only been paying a dividend for 6 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Infraestructura Energética Nova. de's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Infraestructura Energética Nova. de has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Infraestructura Energética Nova. de's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Infraestructura Energética Nova. de afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Infraestructura Energética Nova. de has a total score of 2/6, see the detailed checks below.


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

2IE Management

 What is the CEO of Infraestructura Energética Nova. de'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
Tania Ortíz Mena Negrete
AGE 47
TENURE AS CEO 0.6 years
CEO Bio

Ms. Tania Ortíz Mena López Negrete has been Chief Executive Officer of Infraestructura Energética Nova, S.A.B. de C.V. since September 1, 2018 and Director since February 2019. She served as Director of Infraestructura Energética Nova, S.A.B. de C.V. since April 27, 2018 until 2019 and served as its Chief Development Officer since July 2016 until September 1, 2018. Ms. Negrete served as Executive Vice-President of Development at Infraestructura Energética Nova, S.A.B. de C.V. from July 2014 to January 27, 2016. Ms. Negrete served as Vice President of External Affairs and Business Development at Infraestructura Energética Nova, S.A.B. de C.V. from 2009 to September 2012. From 2013 to 2014, she was Vice President of the Mexican Natural Gas Association (Asosciación Mexicana de Gas Natural, A.C.) and Chairman from 2015 to 2016. She was a member of the World Energy Council, Mexico Chapter from 2015 to 2016. She is the Vice President of the World Energy Council and member of the Advisory Board of the Energy Regulatory Commission. She served as Director of Governmental and Regulatory Affairs at Infraestructura Energética Nova, S.A.B. de C.V. from 2002 to 2009 and also served as its General Manager from 2000 to 2002. Before joining Sempra Energy in 1999, she worked at PMI Comercio Internacional, a subsidiary of Pemex, as Assistant Commercial and Refined Products Manager from 1994 to 1999. Ms. Negrete holds a Bachelor’s Degree in International Relations from the Universidad Iberoamericana and a Master’s Degree in International Relations from the Boston University.

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

Average tenure and age of the Infraestructura Energética Nova. de management team in years:

1.3
Average Tenure
49
Average Age
  • The average tenure for the Infraestructura Energética Nova. de management team is less than 2 years, this suggests a new team.
Management Team

Carlos Ruiz Sacristán

TITLE
Executive Chairman
AGE
68

Tania Ortíz Mena Negrete

TITLE
CEO & Director
AGE
47
TENURE
0.6 yrs

Nelly Peralta

TITLE
Chief Financial Officer
AGE
46
TENURE
1.8 yrs

Sue Bradham

TITLE
Director of Investor Relations
AGE
48
TENURE
2.8 yrs

René Buentello Carbonell

TITLE
General Counsel
AGE
49
TENURE
2.9 yrs

Carlos Sandoval

TITLE
Chief Power and Storage Operating Officer
AGE
49
TENURE
1.3 yrs

Jesús Domínguez

TITLE
Chief Engineering & Construction Officer
AGE
57
TENURE
2.8 yrs

Juan Castañeda

TITLE
Chief Natural Gas Operating Officer
AGE
53
TENURE
1.3 yrs

Juancho Smith

TITLE
Chief Development Officer
AGE
41
TENURE
1.3 yrs

Abraham Zamora

TITLE
Chief Corporate Affairs Officer
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Infraestructura Energética Nova. de board of directors in years:

2.1
Average Tenure
61.5
Average Age
  • The average tenure for the Infraestructura Energética Nova. de board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tania Ortíz Mena Negrete

TITLE
CEO & Director
AGE
47
TENURE
0.2 yrs

Aarón Poltolarek

TITLE
Independent Director
AGE
65
TENURE
6.1 yrs

Carlos Ruiz Sacristán

TITLE
Executive Chairman
AGE
68
TENURE
6.8 yrs

Jeffrey Davidow

TITLE
Independent Director
AGE
74
TENURE
6.1 yrs

Joe Householder

TITLE
Director
AGE
63
TENURE
6.1 yrs

José Julián Dib

TITLE
Independent Director
AGE
65
TENURE
2.2 yrs

Alberto Alonso

TITLE
Independent Director
AGE
57
TENURE
2 yrs

Martha Wyrsch

TITLE
Director
AGE
60
TENURE
2 yrs

Dennis Arriola

TITLE
Director
AGE
57
TENURE
2 yrs

Faisel Khan

TITLE
Director
AGE
43
TENURE
1 yrs
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 Infraestructura Energética Nova. de'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. Infraestructura Energética Nova. de 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.

2IE News

Simply Wall St News

2IE Company Info

Description

Infraestructura Energética Nova, S.A.B. de C.V. develops, builds, and operates energy infrastructure projects in Mexico. The company operates through two segments, Gas and Power. It develops and operates various systems for receiving, transporting, compressing, storing, and delivering natural gas, ethane, and liquefied petroleum gas (LPG) in the states of Baja California, Chiapas, Chihuahua, Jalisco, Nuevo León, Sinaloa, Sonora, San Luis Potosí, Tabasco, Tamaulipas, and Veracruz. The company owns and operates approximately 2,900 kilometers (km) of natural gas pipelines with an aggregate design capacity of approximately 16,501 million cubic feet per day (MMcfd); 11 compression stations with an aggregate of approximately 588,810 horsepower; 190 km of pipelines with a design capacity of approximately 34,000 barrels per day for the transportation of LPG; 224 km of pipelines for transportation of ethane; and an LPG terminal in Guadalajara with a total storage capacity of 80,000 barrels. It also operates an LPG terminal with a storage capacity of 320,000 cubic meters in two tanks of 160,000-cubic meters each. In addition, the company owns and operates the ECOGAS natural gas distribution utility, which includes approximately 3,852 km of pipeline; and serves approximately 120,000 industrial, commercial, and residential customers. Further, it is involved in the construction of wind and solar power generation facilities; and refined products transportation and storage activities. The company was formerly known as Sempra México, S. de R.L. de C.V. and changed its name to Infraestructura Energética Nova, S.A.B. de C.V. in March 2013. The company was founded in 1996 and is headquartered in Mexico City, Mexico. Infraestructura Energética Nova, S.A.B. de C.V. is a subsidiary of Sempra Energy.

Details
Name: Infraestructura Energética Nova, S.A.B. de C.V.
2IE
Exchange: DB
Founded: 1996
MX$6,112,792,397
1,532,023,812
Website: http://www.ienova.com.mx
Address: Infraestructura Energética Nova, S.A.B. de C.V.
Torre New York Life,
Piso 24,
Mexico City,
Mexico State, 06600,
Mexico
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BMV IENOVA * Variable Shares Bolsa Mexicana de Valores MX MXN 22. Mar 2013
OTCPK IENV.F Variable Shares Pink Sheets LLC US USD 22. Mar 2013
DB 2IE Variable Shares Deutsche Boerse AG DE EUR 22. Mar 2013
Number of employees
Current staff
Staff numbers
930
Infraestructura Energética Nova. de employees.
Industry
Gas Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 21:58
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/20
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.