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GRUM

Gruma. de BMV:GRUMA B Stock Report

Last Price

Mex$215.82

Market Cap

Mex$80.3b

7D

-3.4%

1Y

-5.3%

Updated

26 Jun, 2022

Data

Company Financials +
GRUMA B fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance3/6
Financial Health4/6
Dividends3/6

GRUMA B Stock Overview

Gruma, S.A.B. de C.V., together with its subsidiaries, produces and sells corn flour, tortillas, and other related products.

Gruma. de Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Gruma. de
Historical stock prices
Current Share PriceMex$215.82
52 Week HighMex$283.80
52 Week LowMex$207.99
Beta0.34
1 Month Change-10.67%
3 Month Change-15.51%
1 Year Change-5.34%
3 Year Change19.81%
5 Year Change-8.81%
Change since IPO1,057.96%

Recent News & Updates

Jun 23
Gruma. de (BMV:GRUMAB) Is Paying Out A Larger Dividend Than Last Year

Gruma. de (BMV:GRUMAB) Is Paying Out A Larger Dividend Than Last Year

Gruma, S.A.B. de C.V.'s ( BMV:GRUMAB ) dividend will be increasing to Mex$1.35 on 8th of July. This makes the dividend...

Jun 09
Gruma. de's (BMV:GRUMAB) Dividend Will Be Increased To Mex$1.35

Gruma. de's (BMV:GRUMAB) Dividend Will Be Increased To Mex$1.35

Gruma, S.A.B. de C.V. ( BMV:GRUMAB ) has announced that it will be increasing its dividend on the 8th of July to...

May 26
Gruma. de (BMV:GRUMAB) Has Announced That It Will Be Increasing Its Dividend To Mex$1.35

Gruma. de (BMV:GRUMAB) Has Announced That It Will Be Increasing Its Dividend To Mex$1.35

Gruma, S.A.B. de C.V. ( BMV:GRUMAB ) will increase its dividend on the 8th of July to Mex$1.35. This makes the dividend...

May 12
Gruma. de (BMV:GRUMAB) Is Increasing Its Dividend To Mex$1.35

Gruma. de (BMV:GRUMAB) Is Increasing Its Dividend To Mex$1.35

The board of Gruma, S.A.B. de C.V. ( BMV:GRUMAB ) has announced that it will be increasing its dividend on the 8th of...

Apr 28
Gruma. de (BMV:GRUMAB) Will Pay A Larger Dividend Than Last Year At Mex$1.35

Gruma. de (BMV:GRUMAB) Will Pay A Larger Dividend Than Last Year At Mex$1.35

Gruma, S.A.B. de C.V. ( BMV:GRUMAB ) will increase its dividend on the 8th of July to Mex$1.35. This takes the annual...

Shareholder Returns

GRUMA BMX FoodMX Market
7D-3.4%0.9%-0.7%
1Y-5.3%23.3%0.5%

Return vs Industry: GRUMA B underperformed the MX Food industry which returned 23.2% over the past year.

Return vs Market: GRUMA B underperformed the MX Market which returned 0.4% over the past year.

Price Volatility

Is GRUMA B's price volatile compared to industry and market?
GRUMA B volatility
GRUMA B Average Weekly Movement3.9%
Food Industry Average Movement5.7%
Market Average Movement4.6%
10% most volatile stocks in MX Market8.1%
10% least volatile stocks in MX Market2.7%

Stable Share Price: GRUMA B is not significantly more volatile than the rest of MX stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: GRUMA B's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
194923,126Juan Antonio Gonzalez Morenohttps://www.gruma.com

Gruma, S.A.B. de C.V., together with its subsidiaries, produces and sells corn flour, tortillas, and other related products. The company offers corn flour, grits snacks and/or cereal, beer grits, and polenta; prepared corn or wheat flours for pancakes, cakes, crêpes, brownies, churros, pizza dough, cachapas, sweet arepitas, etc.; corn and wheat tortillas; tortilla chips, taco shells, and tostadas; flatbreads, including wraps, pita bread, naan, chapatti, pizza doughs, piadina, breakfast breads, and crackers; sauces/dips; palmito; pasta; marinades; and rice and oats. It markets and sells its products under the Maseca, Mission, Guerrero, Tosty, TortiRicas, Rumba, La Cima, Masa Rica, Del Fogón, Delicados, Arroz Luisiana, Tortimasa, Juana, Minsa, Mimasa, Bravos, Tronaditas, and Mexifoods brand names.

Gruma. de Fundamentals Summary

How do Gruma. de's earnings and revenue compare to its market cap?
GRUMA B fundamental statistics
Market CapUS$4.04b
Earnings (TTM)US$305.80m
Revenue (TTM)US$4.92b

13.2x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GRUMA B income statement (TTM)
RevenueUS$4.92b
Cost of RevenueUS$3.17b
Gross ProfitUS$1.75b
Other ExpensesUS$1.44b
EarningsUS$305.80m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.82
Gross Margin35.59%
Net Profit Margin6.22%
Debt/Equity Ratio88.8%

How did GRUMA B perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

34%

Payout Ratio

Does GRUMA B pay a reliable dividends?

See GRUMA B dividend history and benchmarks
When do you need to buy GRUMA B by to receive an upcoming dividend?
Gruma. de dividend dates
Ex Dividend DateJul 06 2022
Dividend Pay DateJul 08 2022
Days until Ex dividend9 days
Days until Dividend pay date11 days

Does GRUMA B pay a reliable dividends?

See GRUMA B dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is GRUMA B undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GRUMA B?

Other financial metrics that can be useful for relative valuation.

GRUMA B key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.1x
Enterprise Value/EBITDA8x
PEG Ratio1.5x

Price to Earnings Ratio vs Peers

How does GRUMA B's PE Ratio compare to its peers?

GRUMA B PE Ratio vs Peers
The above table shows the PE ratio for GRUMA B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.5x

Price-To-Earnings vs Peers: GRUMA B is good value based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (13.5x).


Price to Earnings Ratio vs Industry

How does GRUMA B's PE Ratio compare vs other companies in the Food Industry?

Price-To-Earnings vs Industry: GRUMA B is good value based on its Price-To-Earnings Ratio (13.2x) compared to the MX Food industry average (13.6x)


Price to Earnings Ratio vs Fair Ratio

What is GRUMA B's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GRUMA B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.2x
Fair PE Ratio18.6x

Price-To-Earnings vs Fair Ratio: GRUMA B is good value based on its Price-To-Earnings Ratio (13.2x) compared to the estimated Fair Price-To-Earnings Ratio (18.6x).


Share Price vs Fair Value

What is the Fair Price of GRUMA B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GRUMA B (MX$215.82) is trading below our estimate of fair value (MX$308.6)

Significantly Below Fair Value: GRUMA B is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: GRUMA B is poor value based on its PEG Ratio (1.5x)


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Future Growth

How is Gruma. de forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GRUMA B's forecast earnings growth (8.9% per year) is above the savings rate (7.1%).

Earnings vs Market: GRUMA B's earnings (8.9% per year) are forecast to grow slower than the MX market (10.7% per year).

High Growth Earnings: GRUMA B's earnings are forecast to grow, but not significantly.

Revenue vs Market: GRUMA B's revenue (5.1% per year) is forecast to grow slower than the MX market (6.2% per year).

High Growth Revenue: GRUMA B's revenue (5.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GRUMA B's Return on Equity is forecast to be low in 3 years time (19.9%).


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Past Performance

How has Gruma. de performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-3.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GRUMA B has high quality earnings.

Growing Profit Margin: GRUMA B's current net profit margins (6.2%) are lower than last year (6.7%).


Past Earnings Growth Analysis

Earnings Trend: GRUMA B's earnings have declined by 3.5% per year over the past 5 years.

Accelerating Growth: GRUMA B's earnings growth over the past year (1.9%) exceeds its 5-year average (-3.5% per year).

Earnings vs Industry: GRUMA B earnings growth over the past year (1.9%) underperformed the Food industry 9.8%.


Return on Equity

High ROE: GRUMA B's Return on Equity (20.9%) is considered high.


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Financial Health

How is Gruma. de's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GRUMA B's short term assets ($1.8B) exceed its short term liabilities ($1.0B).

Long Term Liabilities: GRUMA B's short term assets ($1.8B) exceed its long term liabilities ($1.6B).


Debt to Equity History and Analysis

Debt Level: GRUMA B's net debt to equity ratio (68.9%) is considered high.

Reducing Debt: GRUMA B's debt to equity ratio has increased from 47.6% to 88.8% over the past 5 years.

Debt Coverage: GRUMA B's debt is well covered by operating cash flow (40.5%).

Interest Coverage: GRUMA B's interest payments on its debt are well covered by EBIT (6.7x coverage).


Balance Sheet


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Dividend

What is Gruma. de current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.41%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 26 2022Ex Dividend DateJul 06 2022Dividend Pay DateJul 08 20222 days from Ex DividendBuy in the next 9 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: GRUMA B's dividend (2.41%) is higher than the bottom 25% of dividend payers in the MX market (1.91%).

High Dividend: GRUMA B's dividend (2.41%) is low compared to the top 25% of dividend payers in the MX market (5.92%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, GRUMA B has been paying a dividend for less than 10 years.

Growing Dividend: GRUMA B's dividend payments have increased, but the company has only paid a dividend for 8 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (34.2%), GRUMA B's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (46.8%), GRUMA B's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

9.6yrs

Average management tenure


CEO

Juan Antonio Gonzalez Moreno (63 yo)

no data

Tenure

Mr. Juan Antonio Gonzalez Moreno serves as the Chief Executive Officer of Gruma, S.A.B. de C.V. and Grupo Industrial Maseca, SAB de CV. Mr. Gonzalez Moreno serves as CEO of Gruma USA since July 2018. Mr. G...


Leadership Team

Experienced Management: GRUMA B's management team is seasoned and experienced (9.6 years average tenure).


Board Members

Experienced Board: GRUMA B's board of directors are considered experienced (9.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Gruma, S.A.B. de C.V.'s employee growth, exchange listings and data sources


Key Information

  • Name: Gruma, S.A.B. de C.V.
  • Ticker: GRUMA B
  • Exchange: BMV
  • Founded: 1949
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: Mex$80.336b
  • Shares outstanding: 372.24m
  • Website: https://www.gruma.com

Number of Employees


Location

  • Gruma, S.A.B. de C.V.
  • Calzada del Valle
  • 407 Ote., Colonia del Valle
  • San Pedro Garza García
  • Nuevo Leon
  • 66220
  • Mexico

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.