Reported Earnings • Apr 23
First quarter 2026 earnings released: EPS: Mex$0.17 (vs Mex$0.41 in 1Q 2025) First quarter 2026 results: EPS: Mex$0.17 (down from Mex$0.41 in 1Q 2025). Revenue: Mex$7.92b (down 12% from 1Q 2025). Net income: Mex$76.0m (down 60% from 1Q 2025). Profit margin: 1.0% (down from 2.1% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, while revenues in the Global Industrials industry are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Apr 11
Kuo, S.A.B. de C.V., Annual General Meeting, Apr 27, 2026 Kuo, S.A.B. de C.V., Annual General Meeting, Apr 27, 2026. Location: multipurpose room, ground floor arco tower i, arcos bosques corporate center, 400 b paseo de los tamarindos, bosques de las lomas, 05120, mexico Mexico Price Target Changed • Mar 19
Price target increased by 11% to Mex$92.00 Up from Mex$83.00, the current price target is provided by 1 analyst. New target price is 56% above last closing price of Mex$59.00. Stock is up 34% over the past year. The company posted earnings per share of Mex$1.15 last year. Price Target Changed • Nov 20
Price target increased by 23% to Mex$83.00 Up from Mex$67.50, the current price target is provided by 1 analyst. New target price is 57% above last closing price of Mex$53.00. Stock is up 15% over the past year. The company posted a net loss per share of Mex$4.19 last year. Reported Earnings • Oct 23
Third quarter 2025 earnings released: EPS: Mex$0.13 (vs Mex$0.70 loss in 3Q 2024) Third quarter 2025 results: EPS: Mex$0.13 (up from Mex$0.70 loss in 3Q 2024). Revenue: Mex$8.78b (down 4.9% from 3Q 2024). Net income: Mex$60.0m (up Mex$382.3m from 3Q 2024). Profit margin: 0.7% (up from net loss in 3Q 2024). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Global Industrials industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 18
Second quarter 2025 earnings released: EPS: Mex$1.38 (vs Mex$0.75 loss in 2Q 2024) Second quarter 2025 results: EPS: Mex$1.38 (up from Mex$0.75 loss in 2Q 2024). Revenue: Mex$9.09b (up 1.9% from 2Q 2024). Net income: Mex$627.3m (up Mex$969.7m from 2Q 2024). Profit margin: 6.9% (up from net loss in 2Q 2024). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Global Industrials industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Price Target Changed • May 28
Price target increased by 23% to Mex$83.00 Up from Mex$67.50, the current price target is provided by 1 analyst. New target price is 118% above last closing price of Mex$38.00. Stock is down 9.0% over the past year. The company posted a net loss per share of Mex$4.19 last year. New Risk • May 20
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.4x 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 (1.4x net interest cover). Earnings have declined by 13% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 04
First quarter 2025 earnings released First quarter 2025 results: Revenue: Mex$9.04b (up 10% from 1Q 2024). Net income: Mex$189.0m (up Mex$158.6m from 1Q 2024). Profit margin: 2.1% (up from 0.4% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Global Industrials industry. Announcement • Apr 11
Grupo KUO, S.A.B. de C.V., Annual General Meeting, Apr 28, 2025 Grupo KUO, S.A.B. de C.V., Annual General Meeting, Apr 28, 2025. Location: multipurpose room, ground floor arco tower i, arcos bosques corporate center, 400 b paseo de los tamarindos, bosques de las lomas, 05120, mexico Mexico Board Change • Mar 25
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. 3 experienced directors. 9 highly experienced directors. Independent Director Jose del Barrio Molina was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 14
Full year 2024 earnings released: Mex$4.19 loss per share (vs Mex$1.61 profit in FY 2023) Full year 2024 results: Mex$4.19 loss per share (down from Mex$1.61 profit in FY 2023). Revenue: Mex$35.7b (down 8.0% from FY 2023). Net loss: Mex$1.91b (down 360% from profit in FY 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 36% decline forecast for the Industrials industry in South America. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Board Change • Nov 25
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. 3 experienced directors. 9 highly experienced directors. Independent Director Jose del Barrio Molina 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. Reported Earnings • Oct 16
Third quarter 2024 earnings released: Mex$0.74 loss per share (vs Mex$0.34 loss in 3Q 2023) Third quarter 2024 results: Mex$0.74 loss per share (further deteriorated from Mex$0.34 loss in 3Q 2023). Revenue: Mex$9.24b (down 2.4% from 3Q 2023). Net loss: Mex$322.0m (loss widened 107% from 3Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Global Industrials industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Board Change • Oct 04
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 9 highly experienced directors. Independent Director Jose del Barrio Molina was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 18
Second quarter 2024 earnings released: Mex$0.78 loss per share (vs Mex$0.90 profit in 2Q 2023) Second quarter 2024 results: Mex$0.78 loss per share (down from Mex$0.90 profit in 2Q 2023). Revenue: Mex$8.92b (down 8.9% from 2Q 2023). Net loss: Mex$342.0m (down 183% from profit in 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Global Industrials industry. Over the last 3 years on average, earnings per share has fallen by 59% 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. Board Change • May 22
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 9 highly experienced directors. Independent Director Jose del Barrio Molina was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 25
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 9 highly experienced directors. Independent Director Jose del Barrio Molina was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: Mex$1.68 (vs Mex$4.10 in FY 2022) Full year 2023 results: EPS: Mex$1.68 (down from Mex$4.10 in FY 2022). Revenue: Mex$38.8b (down 13% from FY 2022). Net income: Mex$736.0m (down 61% from FY 2022). Profit margin: 1.9% (down from 4.2% in FY 2022). The decrease in margin was driven by lower revenue. 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 2% per year, which means it has not declined as severely as earnings. Board Change • Dec 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 8 highly experienced directors. Independent Director Jose del Barrio Molina was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 18
Third quarter 2023 earnings released: Mex$0.36 loss per share (vs Mex$0.75 profit in 3Q 2022) Third quarter 2023 results: Mex$0.36 loss per share (down from Mex$0.75 profit in 3Q 2022). Revenue: Mex$9.46b (down 22% from 3Q 2022). Net loss: Mex$156.0m (down 146% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 25
Price target increased by 20% to Mex$81.00 Up from Mex$67.50, the current price target is provided by 1 analyst. New target price is 112% above last closing price of Mex$38.14. Stock is down 12% over the past year. The company posted earnings per share of Mex$4.10 last year. Price Target Changed • Aug 07
Price target increased by 20% to Mex$81.00 Up from Mex$67.50, the current price target is provided by 1 analyst. New target price is 109% above last closing price of Mex$38.70. Stock is down 12% over the past year. The company posted earnings per share of Mex$4.10 last year. New Risk • Jul 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 75% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.04x net interest cover). Shares are highly illiquid. Minor Risks Dividend is not well covered by cash flows (149% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin). Reported Earnings • Jul 21
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: Mex$9.79b (down 15% from 2Q 2022). Net income: Mex$410.7m (down 48% from 2Q 2022). Profit margin: 4.2% (down from 6.8% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Price Target Changed • Jul 18
Price target increased by 20% to Mex$81.00 Up from Mex$67.50, the current price target is provided by 1 analyst. New target price is 108% above last closing price of Mex$38.85. Stock is down 14% over the past year. The company posted earnings per share of Mex$4.10 last year. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Mex$39.50, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 10x in the Industrials industry in South America. Total loss to shareholders of 21% over the past three years. Price Target Changed • Jun 13
Price target increased by 20% to Mex$81.00 Up from Mex$67.50, the current price target is provided by 1 analyst. New target price is 102% above last closing price of Mex$40.15. Stock is up 0.4% over the past year. The company posted earnings per share of Mex$4.10 last year. Price Target Changed • May 23
Price target increased by 20% to Mex$81.00 Up from Mex$67.50, the current price target is provided by 1 analyst. New target price is 103% above last closing price of Mex$39.98. Stock is down 3.7% over the past year. The company posted earnings per share of Mex$4.10 last year. Reported Earnings • Apr 28
First quarter 2023 earnings released First quarter 2023 results: Revenue: Mex$10.0b (down 2.9% from 1Q 2022). Net income: Mex$238.0m (down 59% from 1Q 2022). Profit margin: 2.4% (down from 5.6% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 05
Price target increased by 20% to Mex$81.00 Up from Mex$67.50, the current price target is provided by 1 analyst. New target price is 88% above last closing price of Mex$43.10. Stock is down 3.1% over the past year. The company posted earnings per share of Mex$4.10 last year. Price Target Changed • Mar 21
Price target increased by 20% to Mex$81.00 Up from Mex$67.50, the current price target is provided by 1 analyst. New target price is 82% above last closing price of Mex$44.39. Stock is down 0.2% over the past year. The company posted earnings per share of Mex$4.10 last year. Reported Earnings • Feb 17
Full year 2022 earnings released Full year 2022 results: Revenue: Mex$44.7b (up 11% from FY 2021). Net income: Mex$1.87b (down 31% from FY 2021). Profit margin: 4.2% (down from 6.7% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 20
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: Mex$12.1b (up 11% from 3Q 2021). Net income: Mex$341.0m (down 54% from 3Q 2021). Profit margin: 2.8% (down from 6.8% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: Mex$1.79 (vs Mex$2.11 in 2Q 2021) Second quarter 2022 results: EPS: Mex$1.79 (down from Mex$2.11 in 2Q 2021). Revenue: Mex$11.5b (up 13% from 2Q 2021). Net income: Mex$783.0m (down 19% from 2Q 2021). Profit margin: 6.8% (down from 9.5% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 16
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: Mex$6.18 (up from Mex$1.25 loss in FY 2020). Revenue: Mex$40.3b (up 30% from FY 2020). Net income: Mex$2.71b (up Mex$3.28b from FY 2020). Profit margin: 6.7% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 37%, compared to a 6.4% growth forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has increased by 14% 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 • Oct 22
Third quarter 2021 earnings released: EPS Mex$1.70 (vs Mex$1.37 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: Mex$11.0b (up 34% from 3Q 2020). Net income: Mex$748.0m (up 20% from 3Q 2020). Profit margin: 6.8% (down from 7.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year. Price Target Changed • Jul 27
Price target increased to Mex$67.50 Up from Mex$52.00, the current price target is an average from 2 analysts. New target price is 45% above last closing price of Mex$46.50. Stock is down 9.7% over the past year. Reported Earnings • Jul 22
Second quarter 2021 earnings released: EPS Mex$2.20 (vs Mex$0.80 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Mex$10.1b (up 60% from 2Q 2020). Net income: Mex$964.0m (up 164% from 2Q 2020). Profit margin: 9.5% (up from 5.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Apr 26
First quarter 2021 earnings released: EPS Mex$0.18 (vs Mex$6.25 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: Mex$8.65b (up 16% from 1Q 2020). Net income: Mex$82.1m (up Mex$2.94b from 1Q 2020). Profit margin: 0.9% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 13
New 90-day low: Mex$45.95 The company is down 3.0% from its price of Mex$47.59 on 11 December 2020. The Mexican market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Industrials industry, which is up 9.0% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: Mex$47.68 The company is up 4.0% from its price of Mex$46.00 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 Industrials industry, which is up 19% over the same period. Price Target Changed • Nov 20
Price target raised to Mex$63.50 Up from Mex$52.00, the current price target is provided by 1 analyst. The new target price is 38% above the current share price of Mex$46.00. As of last close, the stock is down 8.9% over the past year. Reported Earnings • Oct 15
Third quarter earnings released Over the last 12 months the company has reported total losses of Mex$959.5m, with earnings decreasing by Mex$2.40b from the prior year. Total revenue was Mex$29.2b over the last 12 months, up 5.9% from the prior year. Price Target Changed • Sep 25
Price target raised to Mex$60.00 Up from Mex$52.00, the current price target is provided by 1 analyst. The new target price is 29% above the current share price of Mex$46.50. As of last close, the stock is down 4.1% over the past year.