Announcement • May 22
Fideicomiso Irrevocable F/2061 FHipo announces Semi-Annual dividend, payable on May 21, 2026 Fideicomiso Irrevocable F/2061 FHipo announced Semi-Annual dividend of MXN 0.0642 per share payable on May 21, 2026, ex-date on May 20, 2026 and record date on May 20, 2026. Announcement • Apr 27
Fideicomiso Irrevocable F/2061 FHipo to Report Q1, 2026 Results on Apr 29, 2026 Fideicomiso Irrevocable F/2061 FHipo announced that they will report Q1, 2026 results on Apr 29, 2026 New Risk • Mar 02
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Minor Risks Dividend is not well covered by earnings (454% payout ratio). Profit margins are more than 30% lower than last year (14% net profit margin). Announcement • Feb 25
Fideicomiso Irrevocable F/2061 FHipo to Report Q4, 2025 Results on Feb 26, 2026 Fideicomiso Irrevocable F/2061 FHipo announced that they will report Q4, 2025 results on Feb 26, 2026 Announcement • Oct 21
Fideicomiso Irrevocable F/2061 FHipo to Report Q3, 2025 Results on Oct 24, 2025 Fideicomiso Irrevocable F/2061 FHipo announced that they will report Q3, 2025 results on Oct 24, 2025 Announcement • Aug 22
Fideicomiso Irrevocable F/2061 FHipo announces Quarterly dividend, payable on August 21, 2025 Fideicomiso Irrevocable F/2061 FHipo announced Quarterly dividend of MXN 0.3201 per share payable on August 21, 2025, ex-date on August 20, 2025 and record date on August 19, 2025. Price Target Changed • Aug 20
Price target decreased by 10.0% to Mex$18.00 Down from Mex$20.00, the current price target is provided by 1 analyst. New target price is 32% above last closing price of Mex$13.59. Stock is down 17% over the past year. The company posted earnings per share of Mex$1.38 last year. New Risk • Aug 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 62% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (40% net profit margin). New Risk • Jul 29
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 40% Last year net profit margin: 64% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (40% net profit margin). Market cap is less than US$100m (Mex$1.86b market cap, or US$99.3m). Announcement • Jul 21
Fideicomiso Irrevocable F/2061 FHipo to Report Q2, 2025 Results on Jul 24, 2025 Fideicomiso Irrevocable F/2061 FHipo announced that they will report Q2, 2025 results on Jul 24, 2025 Price Target Changed • May 08
Price target decreased by 9.5% to Mex$19.00 Down from Mex$21.00, the current price target is provided by 1 analyst. New target price is 33% above last closing price of Mex$14.30. Stock is down 15% over the past year. The company posted earnings per share of Mex$2.26 last year. Announcement • Apr 26
Fideicomiso Irrevocable F/2061 FHipo to Report Q1, 2025 Results on Apr 29, 2025 Fideicomiso Irrevocable F/2061 FHipo announced that they will report Q1, 2025 results on Apr 29, 2025 New Risk • Mar 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Mexican stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.8% average weekly change). Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to Mex$11.10, the stock trades at a trailing P/E ratio of 4.9x. Average forward P/E is 10x in the Mortgage REITs industry globally. Total loss to shareholders of 21% over the past three years. Announcement • Feb 15
Fideicomiso Irrevocable F/2061 FHipo to Report Q4, 2024 Results on Feb 20, 2025 Fideicomiso Irrevocable F/2061 FHipo announced that they will report Q4, 2024 results on Feb 20, 2025 Announcement • Oct 22
Fideicomiso Irrevocable F/2061 FHipo to Report Q3, 2024 Results on Oct 25, 2024 Fideicomiso Irrevocable F/2061 FHipo announced that they will report Q3, 2024 results on Oct 25, 2024 New Risk • Jun 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 6.7% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.7% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (132% cash payout ratio). Shareholders have been diluted in the past year (39% increase in shares outstanding). Announcement • Apr 24
Fideicomiso Irrevocable F/2061 FHipo to Report Q1, 2024 Results on Apr 26, 2024 Fideicomiso Irrevocable F/2061 FHipo announced that they will report Q1, 2024 results on Apr 26, 2024 New Risk • Feb 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 41% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (41% increase in shares outstanding). Announcement • Feb 22
Fideicomiso Irrevocable F/2061 FHipo to Report Q4, 2023 Results on Feb 23, 2024 Fideicomiso Irrevocable F/2061 FHipo announced that they will report Q4, 2023 results on Feb 23, 2024 Announcement • Oct 25
Fideicomiso Irrevocable F/2061 FHipo to Report Q3, 2023 Results on Oct 27, 2023 Fideicomiso Irrevocable F/2061 FHipo announced that they will report Q3, 2023 results on Oct 27, 2023 New Risk • Aug 02
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 6.6% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.6% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (103% cash payout ratio). Announcement • Jul 25
Fideicomiso Irrevocable F/2061 FHipo to Report Q2, 2023 Results on Jul 28, 2023 Fideicomiso Irrevocable F/2061 FHipo announced that they will report Q2, 2023 results on Jul 28, 2023 Price Target Changed • Mar 21
Price target decreased by 11% to Mex$22.00 Down from Mex$24.85, the current price target is provided by 1 analyst. New target price is 33% above last closing price of Mex$16.58. Stock is down 13% over the past year. The company posted earnings per share of Mex$3.68 last year. Reported Earnings • Oct 29
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: Mex$254.0m (up 74% from 3Q 2021). Net income: Mex$192.2m (down 12% from 3Q 2021). Profit margin: 76% (down from 149% in 3Q 2021). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Global Mortgage REITs industry. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Oct 26
Fideicomiso Irrevocable F/2061 FHipo to Report Q3, 2022 Results on Oct 27, 2022 Fideicomiso Irrevocable F/2061 FHipo announced that they will report Q3, 2022 results at 11:30 AM, Central Standard Time on Oct 27, 2022 Reported Earnings • Jul 31
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: Mex$281.9m (up 32% from 2Q 2021). Net income: Mex$289.8m (up 10% from 2Q 2021). Over the next year, revenue is forecast to grow 21%, compared to a 2.3% growth forecast for the industry in Mexico. Announcement • Jul 24
Fideicomiso Irrevocable F/2061 FHipo to Report Q2, 2022 Results on Jul 28, 2022 Fideicomiso Irrevocable F/2061 FHipo announced that they will report Q2, 2022 results at 11:30 AM, Central Standard Time on Jul 28, 2022 Reported Earnings • May 05
First quarter 2022 earnings released First quarter 2022 results: Revenue: Mex$267.2m (up 41% from 1Q 2021). Net income: Mex$191.9m (up 10% from 1Q 2021). Profit margin: 72% (down from 92% in 1Q 2021). The decrease in margin was driven by higher expenses. Announcement • Apr 26
Fideicomiso Irrevocable F/2061 FHipo to Report Q1, 2022 Results on Apr 29, 2022 Fideicomiso Irrevocable F/2061 FHipo announced that they will report Q1, 2022 results on Apr 29, 2022 Reported Earnings • Feb 28
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: Mex$1.11b (up 12% from FY 2020). Net income: Mex$763.9m (up 312% from FY 2020). Profit margin: 69% (up from 19% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 57%. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Feb 22
Fideicomiso Irrevocable F/2061 FHipo to Report Q4, 2021 Results on Feb 25, 2022 Fideicomiso Irrevocable F/2061 FHipo announced that they will report Q4, 2021 results After-Market on Feb 25, 2022 Reported Earnings • Oct 30
Third quarter 2021 earnings released The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: Mex$298.1m (up 452% from 3Q 2020). Net income: Mex$217.9m (up 47% from 3Q 2020). Profit margin: 73% (down from 274% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • May 20
Fideicomiso Irrevocable F/2061 FHipo(BMV:FHIPO 14) dropped from S&P Global BMI Index Fideicomiso Irrevocable F/2061 FHipo(BMV:FHIPO 14) dropped from S&P Global BMI Index Announcement • Apr 14
Fideicomiso Irrevocable F/2061 FHipo announced that it has received $130 million in funding from International Finance Corporation On April 13, 2021, Fideicomiso Irrevocable F/2061 FHipo (BMV:FHIPO 14) closed the transaction. The company has received approximately $130 million in funding. Is New 90 Day High Low • Jan 07
New 90-day high: Mex$20.38 The company is up 17% from its price of Mex$17.38 on 08 October 2020. The Mexican market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Mortgage REITs industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 23
New 90-day high: Mex$19.45 The company is up 12% from its price of Mex$17.34 on 24 September 2020. The Mexican market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Mortgage REITs industry, which is up 25% over the same period. Is New 90 Day High Low • Sep 22
New 90-day high: Mex$19.99 The company is up 16% from its price of Mex$17.17 on 23 June 2020. The Mexican market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage REITs industry, which is up 5.0% over the same period. Announcement • Jul 22
Fideicomiso Irrevocable F/2061 FHipo to Report Q2, 2020 Results on Jul 28, 2020 Fideicomiso Irrevocable F/2061 FHipo announced that they will report Q2, 2020 results on Jul 28, 2020