Grupo Bafar. de Full Year 2023 Earnings: EPS: Mex$10.27 (vs Mex$5.26 in FY 2022)

Grupo Bafar. de (BMV:BAFARB) Full Year 2023 Results

Key Financial Results

• Revenue: Mex$25.6b (up 3.1% from FY 2022).
• Net income: Mex$3.18b (up 96% from FY 2022).
• Profit margin: 12% (up from 6.5% in FY 2022). The increase in margin was primarily driven by lower expenses.
• EPS: Mex$10.27 (up from Mex$5.26 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Grupo Bafar. de Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Food industry in South America.

Performance of the market in Mexico.

The company's shares are down 3.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Grupo Bafar. de you should be aware of.

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