Stock Analysis
Grupo Herdez. de (BMV:HERDEZ) First Quarter 2024 Results
Key Financial Results
- Revenue: Mex$8.89b (up 2.9% from 1Q 2023).
- Net income: Mex$370.0m (up 17% from 1Q 2023).
- Profit margin: 4.2% (up from 3.7% in 1Q 2023). The increase in margin was driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Grupo Herdez. de Earnings Insights
Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Food industry in South America.
Performance of the market in Mexico.
The company's shares are up 1.6% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Grupo Herdez. de (1 is a bit unpleasant!) that we have uncovered.
Valuation is complex, but we're helping make it simple.
Find out whether Grupo Herdez. de is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About BMV:HERDEZ *
Grupo Herdez. de
Grupo Herdez, S.A.B. de C.V., a food company, engages in the manufacture, purchase, distribution, and marketing of canned and packed food products in Mexico and internationally.
Solid track record with excellent balance sheet and pays a dividend.