Declared Dividend • May 14
Dividend of Mex$4.50 announced Shareholders will receive a dividend of Mex$4.50. Ex-date: 4th November 2026 Payment date: 5th November 2026 Dividend yield will be 5.5%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 34% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 54% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Declared Dividend • May 03
Dividend reduced to Mex$4.50 Dividend of Mex$4.50 is 10.0% lower than last year. Ex-date: 12th May 2026 Payment date: 13th May 2026 Dividend yield will be 5.5%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (78% cash payout ratio). The dividend has increased by an average of 35% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 54% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 02
Quálitas Controladora, S.A.B. de C.V. announces Semi-Annual dividend, payable on May 13, 2026 Quálitas Controladora, S.A.B. de C.V. announced Semi-Annual dividend of MXN 4.5000 per share payable on May 13, 2026, ex-date on May 12, 2026 and record date on May 12, 2026. Announcement • May 01
Quálitas Controladora, S.A.B. de C.V. announces Semi-Annual dividend, payable on November 05, 2026 Quálitas Controladora, S.A.B. de C.V. announced Semi-Annual dividend of MXN 4.5000 per share payable on November 05, 2026, ex-date on November 04, 2026 and record date on November 04, 2026. Reported Earnings • Apr 26
First quarter 2026 earnings released: EPS: Mex$3.95 (vs Mex$5.43 in 1Q 2025) First quarter 2026 results: EPS: Mex$3.95 (down from Mex$5.43 in 1Q 2025). Revenue: Mex$19.6b (up 8.1% from 1Q 2025). Net income: Mex$1.56b (down 27% from 1Q 2025). Profit margin: 7.9% (down from 12% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. New Risk • Apr 26
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: 5.9% Last year net profit margin: 8.8% 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 (5.9% net profit margin). Announcement • Apr 11
Quálitas Controladora, S.A.B. de C.V. to Report Q1, 2026 Results on Apr 22, 2026 Quálitas Controladora, S.A.B. de C.V. announced that they will report Q1, 2026 results After-Market on Apr 22, 2026 Announcement • Mar 27
Quálitas Controladora, S.A.B. de C.V., Annual General Meeting, Apr 29, 2026 Quálitas Controladora, S.A.B. de C.V., Annual General Meeting, Apr 29, 2026. Location: 478 san jeronimo avenue, 5th floor jardines del pedregal neighborhood, cp 01900, mexico Mexico Buy Or Sell Opportunity • Mar 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.2% to Mex$164. The fair value is estimated to be Mex$207, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 9.3% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Buy Or Sell Opportunity • Mar 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.7% to Mex$164. The fair value is estimated to be Mex$207, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 9.3% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Reported Earnings • Jan 29
Full year 2025 earnings released: EPS: Mex$12.88 (vs Mex$12.91 in FY 2024) Full year 2025 results: EPS: Mex$12.88 (down from Mex$12.91 in FY 2024). Revenue: Mex$72.4b (up 11% from FY 2024). Net income: Mex$5.08b (flat on FY 2024). Profit margin: 7.0% (down from 7.8% in FY 2024). Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Jan 07
Quálitas Controladora, S.A.B. de C.V. to Report Q4, 2025 Results on Jan 28, 2026 Quálitas Controladora, S.A.B. de C.V. announced that they will report Q4, 2025 results at 6:00 PM, Central Standard Time on Jan 28, 2026 New Risk • Nov 25
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 5.0% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.0% average weekly change). Upcoming Dividend • Nov 02
Upcoming dividend of Mex$5.00 per share Eligible shareholders must have bought the stock before 06 November 2025. Payment date: 07 November 2025. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 5.9%. Lower than top quartile of Mexican dividend payers (6.0%). Lower than average of industry peers (7.1%). Reported Earnings • Oct 23
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: Mex$17.6b (up 8.1% from 3Q 2024). Net income: Mex$1.73b (up 51% from 3Q 2024). Profit margin: 9.8% (up from 7.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Insurance industry in South America. Buy Or Sell Opportunity • Oct 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to Mex$162. The fair value is estimated to be Mex$206, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings are also forecast to grow by 7.1% per annum over the same time period. Announcement • Oct 07
Quálitas Controladora, S.A.B. de C.V. to Report Q3, 2025 Results on Oct 21, 2025 Quálitas Controladora, S.A.B. de C.V. announced that they will report Q3, 2025 results Pre-Market on Oct 21, 2025 Buy Or Sell Opportunity • Sep 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to Mex$162. The fair value is estimated to be Mex$206, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings are also forecast to grow by 7.1% per annum over the same time period. Buy Or Sell Opportunity • Jul 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to Mex$169. The fair value is estimated to be Mex$214, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 8.5% per annum. Earnings are also forecast to grow by 7.3% per annum over the same time period. Reported Earnings • Jul 21
Second quarter 2025 earnings released: EPS: Mex$3.56 (vs Mex$3.49 in 2Q 2024) Second quarter 2025 results: EPS: Mex$3.56 (up from Mex$3.49 in 2Q 2024). Revenue: Mex$17.0b (up 6.0% from 2Q 2024). Net income: Mex$1.40b (up 1.8% from 2Q 2024). Profit margin: 8.3% (down from 8.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. New Risk • Jul 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Mexican stocks, typically moving 6.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.1% average weekly change). Minor Risk Dividend is not well covered by cash flows (110% cash payout ratio). New Risk • Jul 04
New major risk - Revenue and earnings growth Earnings have declined by 8.4% 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 Risk Earnings have declined by 8.4% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (110% cash payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Board Change • Jun 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. 6 experienced directors. 5 highly experienced directors. Independent Director David Calvo was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 10
Dividend of Mex$5.00 announced Shareholders will receive a dividend of Mex$5.00. Ex-date: 6th November 2025 Payment date: 7th November 2025 Dividend yield will be 4.5%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but not covered by cash flows (107% cash payout ratio). The dividend has increased by an average of 36% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Declared Dividend • May 04
Dividend increased to Mex$5.00 Dividend of Mex$5.00 is 25% higher than last year. Ex-date: 8th May 2025 Payment date: 9th May 2025 Dividend yield will be 4.1%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but not covered by cash flows (107% cash payout ratio). The dividend has increased by an average of 36% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 02
Quálitas Controladora, S.A.B. de C.V. announces Semi-Annual dividend, payable on May 09, 2025 Quálitas Controladora, S.A.B. de C.V. announced Semi-Annual dividend of MXN 5.0000 per share payable on May 09, 2025, ex-date on May 08, 2025 and record date on May 08, 2025. Major Estimate Revision • Apr 30
Consensus EPS estimates increase by 11%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from Mex$74.0b to Mex$73.1b. EPS estimate rose from Mex$15.73 to Mex$17.53. Net income forecast to grow 12% next year vs 10% growth forecast for Insurance industry in Mexico. Consensus price target up from Mex$180 to Mex$185. Share price rose 5.3% to Mex$215 over the past week. Reported Earnings • Apr 24
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: Mex$5.44 (up from Mex$3.12 in 1Q 2024). Revenue: Mex$16.8b (up 10% from 1Q 2024). Net income: Mex$2.15b (up 74% from 1Q 2024). Profit margin: 13% (up from 8.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 36%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Insurance industry in South America. Announcement • Apr 12
Quálitas Controladora, S.A.B. de C.V. to Report Q1, 2025 Results on Apr 22, 2025 Quálitas Controladora, S.A.B. de C.V. announced that they will report Q1, 2025 results After-Market on Apr 22, 2025 Buy Or Sell Opportunity • Apr 11
Now 20% undervalued Over the last 90 days, the stock has risen 5.8% to Mex$173. The fair value is estimated to be Mex$216, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Announcement • Mar 31
Quálitas Controladora, S.A.B. de C.V., Annual General Meeting, Apr 29, 2025 Quálitas Controladora, S.A.B. de C.V., Annual General Meeting, Apr 29, 2025. Location: 478 san jeronimo avenue, 5th floor jardines del pedregal neighborhood, cp 01900, mexico Mexico Reported Earnings • Jan 28
Full year 2024 earnings released: EPS: Mex$12.95 (vs Mex$9.54 in FY 2023) Full year 2024 results: EPS: Mex$12.95 (up from Mex$9.54 in FY 2023). Revenue: Mex$64.6b (up 21% from FY 2023). Net income: Mex$5.12b (up 36% from FY 2023). Profit margin: 7.9% (up from 7.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jan 23
Now 20% undervalued Over the last 90 days, the stock has risen 22% to Mex$174. The fair value is estimated to be Mex$217, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 9.2% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Buy Or Sell Opportunity • Dec 13
Now 21% undervalued Over the last 90 days, the stock has risen 3.6% to Mex$165. The fair value is estimated to be Mex$207, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. New Risk • Nov 30
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 4.8% 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: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share). Share price has been volatile over the past 3 months (4.8% average weekly change). Upcoming Dividend • Nov 02
Upcoming dividend of Mex$4.00 per share Eligible shareholders must have bought the stock before 07 November 2024. Payment date: 08 November 2024. Payout ratio is a comfortable 65% but the company is paying out more than the cash it is generating. Trailing yield: 5.9%. Lower than top quartile of Mexican dividend payers (7.1%). Lower than average of industry peers (6.8%). Reported Earnings • Oct 18
Third quarter 2024 earnings released: EPS: Mex$2.90 (vs Mex$2.58 in 3Q 2023) Third quarter 2024 results: EPS: Mex$2.90 (up from Mex$2.58 in 3Q 2023). Revenue: Mex$16.3b (up 19% from 3Q 2023). Net income: Mex$1.15b (up 12% from 3Q 2023). Profit margin: 7.0% (down from 7.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 15% per year. Announcement • Oct 08
Quálitas Controladora, S.A.B. de C.V. to Report Q3, 2024 Results on Oct 17, 2024 Quálitas Controladora, S.A.B. de C.V. announced that they will report Q3, 2024 results After-Market on Oct 17, 2024 Buy Or Sell Opportunity • Jul 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to Mex$163. The fair value is estimated to be Mex$206, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 4.2%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 45% in the next 2 years. Reported Earnings • Jul 23
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: Mex$15.8b (up 27% from 2Q 2023). Net income: Mex$1.38b (up 85% from 2Q 2023). Profit margin: 8.7% (up from 6.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Insurance industry in South America. Announcement • Jul 05
Quálitas Controladora, S.A.B. de C.V. to Report Q2, 2024 Results on Jul 18, 2024 Quálitas Controladora, S.A.B. de C.V. announced that they will report Q2, 2024 results on Jul 18, 2024 New Risk • Jun 04
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 4.7% 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 Dividend is not well covered by cash flows (147% cash payout ratio). Share price has been volatile over the past 3 months (4.7% average weekly change). Declared Dividend • May 07
Dividend of Mex$4.00 announced Shareholders will receive a dividend of Mex$4.00. Ex-date: 6th November 2024 Payment date: 8th November 2024 Dividend yield will be 3.8%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but not covered by cash flows (147% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 65% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • May 06
Price target increased by 7.9% to Mex$192 Up from Mex$178, the current price target is an average from 5 analysts. New target price is 7.8% below last closing price of Mex$209. Stock is up 85% over the past year. The company is forecast to post earnings per share of Mex$14.89 for next year compared to Mex$9.54 last year. Declared Dividend • May 02
Dividend of Mex$4.00 announced Shareholders will receive a dividend of Mex$4.00. Ex-date: 6th May 2024 Payment date: 8th May 2024 Dividend yield will be 2.9%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but not covered by cash flows (147% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 65% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 19
First quarter 2024 earnings released: EPS: Mex$3.12 (vs Mex$2.27 in 1Q 2023) First quarter 2024 results: EPS: Mex$3.12 (up from Mex$2.27 in 1Q 2023). Revenue: Mex$15.1b (up 26% from 1Q 2023). Net income: Mex$1.23b (up 38% from 1Q 2023). Profit margin: 8.2% (up from 7.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Insurance industry in South America. 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 20% per year, which means it is well ahead of earnings. Announcement • Apr 09
Quálitas Controladora, S.A.B. de C.V. to Report Q1, 2024 Results on Apr 18, 2024 Quálitas Controladora, S.A.B. de C.V. announced that they will report Q1, 2024 results After-Market on Apr 18, 2024 Announcement • Mar 26
Quálitas Controladora, S.A.B. de C.V., Annual General Meeting, Apr 25, 2024 Quálitas Controladora, S.A.B. de C.V., Annual General Meeting, Apr 25, 2024, at 17:00 Central Standard Time. Location: AVENIDA SAN JERÓNIMO No. 478, 5TH FLOOR, JARDINES DEL PEDREGAL, ZIP CODE 01900 Mexico United States Agenda: To consider the annual report referred to in the general provision of the article 172 of the general law of commercial companies, in connection with the transactions made by the company and its subsidiary companies during the financial year from January 1st to December 31st, 2023, upon recommendation of the audit committee; to consider report on the compliance with tax obligations by the company during the financial year ended on December 31st, 2022; to consider the annual report regarding the transactions made by the audit committee and corporate practices committee during the financial year from January 1st to December 31st, 2023; to consider determination of the application of the results obtained by the company; and to consider other matters. Reported Earnings • Jan 26
Full year 2023 earnings released: EPS: Mex$9.55 (vs Mex$5.60 in FY 2022) Full year 2023 results: EPS: Mex$9.55 (up from Mex$5.60 in FY 2022). Revenue: Mex$52.7b (up 28% from FY 2022). Net income: Mex$3.78b (up 71% from FY 2022). Profit margin: 7.2% (up from 5.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • Jan 09
Quálitas Controladora, S.A.B. de C.V. to Report Q4, 2023 Results on Jan 25, 2024 Quálitas Controladora, S.A.B. de C.V. announced that they will report Q4, 2023 results at 3:00 PM, Central Standard Time on Jan 25, 2024 Price Target Changed • Nov 13
Price target increased by 9.8% to Mex$149 Up from Mex$135, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of Mex$145. Stock is up 71% over the past year. The company is forecast to post earnings per share of Mex$9.61 for next year compared to Mex$5.60 last year. Upcoming Dividend • Oct 31
Upcoming dividend of Mex$2.50 per share at 3.4% yield Eligible shareholders must have bought the stock before 07 November 2023. Payment date: 09 November 2023. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Mexican dividend payers (7.6%). Lower than average of industry peers (7.3%). Reported Earnings • Oct 22
Third quarter 2023 earnings released: EPS: Mex$2.59 (vs Mex$0.53 in 3Q 2022) Third quarter 2023 results: EPS: Mex$2.59 (up from Mex$0.53 in 3Q 2022). Revenue: Mex$13.7b (up 37% from 3Q 2022). Net income: Mex$1.02b (up 386% from 3Q 2022). Profit margin: 7.5% (up from 2.1% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Oct 10
Quálitas Controladora, S.A.B. de C.V. to Report Q3, 2023 Results on Oct 19, 2023 Quálitas Controladora, S.A.B. de C.V. announced that they will report Q3, 2023 results After-Market on Oct 19, 2023 Reported Earnings • Jul 21
Second quarter 2023 earnings released Second quarter 2023 results: EPS: Mex$1.89. Revenue: Mex$12.5b (up 24% from 2Q 2022). Net income: Mex$745.0m (up 14% from 2Q 2022). Profit margin: 6.0% (down from 6.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Jul 12
Quálitas Controladora, S.A.B. de C.V. to Report Q2, 2023 Results on Jul 20, 2023 Quálitas Controladora, S.A.B. de C.V. announced that they will report Q2, 2023 results After-Market on Jul 20, 2023 Price Target Changed • Jun 23
Price target increased by 7.9% to Mex$118 Up from Mex$109, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of Mex$120. Stock is up 31% over the past year. The company is forecast to post earnings per share of Mex$10.23 for next year compared to Mex$5.60 last year. Reported Earnings • Apr 25
First quarter 2023 earnings: Revenues exceed analyst expectations First quarter 2023 results: Net income: Mex$895.8m (up 22% from 1Q 2022). Revenue exceeded analyst estimates by 2.4%. Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Insurance industry in South America. Buying Opportunity • Apr 24
Now 20% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be Mex$147, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has declined by 26%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is also forecast to grow by 22% per annum over the same time period. Buying Opportunity • Mar 07
Now 20% undervalued Over the last 90 days, the stock is up 37%. The fair value is estimated to be Mex$147, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has declined by 26%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Reported Earnings • Jan 27
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: Mex$5.59 (down from Mex$9.48 in FY 2021). Revenue: Mex$42.2b (up 11% from FY 2021). Net income: Mex$2.21b (down 42% from FY 2021). Profit margin: 5.2% (down from 9.9% in FY 2021). Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Jan 10
Quálitas Controladora, S.A.B. de C.V. to Report Q4, 2022 Results on Jan 26, 2023 Quálitas Controladora, S.A.B. de C.V. announced that they will report Q4, 2022 results After-Market on Jan 26, 2023 Buying Opportunity • Jan 05
Now 20% undervalued Over the last 90 days, the stock is up 9.5%. The fair value is estimated to be Mex$110, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Earnings per share has declined by 22%. For the next 3 years, revenue is forecast to grow by 8.2% per annum. Earnings is also forecast to grow by 22% per annum over the same time period. Major Estimate Revision • Dec 14
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from Mex$6.75 to Mex$5.68 per share. Revenue forecast steady at Mex$39.2b. Net income forecast to grow 46% next year vs 34% growth forecast for Insurance industry in Mexico. Consensus price target down from Mex$99.57 to Mex$96.40. Share price was steady at Mex$84.22 over the past week. Price Target Changed • Dec 13
Price target decreased to Mex$96.40 Down from Mex$105, the current price target is an average from 6 analysts. New target price is 13% above last closing price of Mex$85.28. Stock is down 13% over the past year. The company is forecast to post earnings per share of Mex$5.68 for next year compared to Mex$9.48 last year. Upcoming Dividend • Oct 31
Upcoming dividend of Mex$2.50 per share Eligible shareholders must have bought the stock before 07 November 2022. Payment date: 09 November 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.5%. Within top quartile of Mexican dividend payers (6.8%). Higher than average of industry peers (6.1%). Reported Earnings • Oct 22
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: Mex$10.6b (up 12% from 3Q 2021). Net income: Mex$210.3m (down 77% from 3Q 2021). Profit margin: 2.0% (down from 9.7% in 3Q 2021). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Insurance industry in South America. Announcement • Oct 07
Quálitas Controladora, S.A.B. de C.V. to Report Q3, 2022 Results on Oct 20, 2022 Quálitas Controladora, S.A.B. de C.V. announced that they will report Q3, 2022 results After-Market on Oct 20, 2022 Reported Earnings • Jul 22
Second quarter 2022 earnings: Revenues exceed analyst expectations Second quarter 2022 results: Revenue: Mex$10.0b (up 3.6% from 2Q 2021). Net income: Mex$654.6m (down 33% from 2Q 2021). Profit margin: 6.5% (down from 10% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 5.3%, compared to a 13% growth forecast for the industry in Mexico. Announcement • Jul 08
Quálitas Controladora, S.A.B. de C.V. to Report Q2, 2022 Results on Jul 20, 2022 Quálitas Controladora, S.A.B. de C.V. announced that they will report Q2, 2022 results After-Market on Jul 20, 2022 Reported Earnings • Apr 27
First quarter 2022 earnings: Revenues miss analyst expectations First quarter 2022 results: Revenue: Mex$9.57b (up 6.0% from 1Q 2021). Net income: Mex$734.4m (down 32% from 1Q 2021). Profit margin: 7.7% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 15%, compared to a 20% growth forecast for the industry in Mexico. Announcement • Jan 28
Quálitas Controladora, S.A.B. de C.V. to Report Q4, 2021 Results on Jan 28, 2022 Quálitas Controladora, S.A.B. de C.V. announced that they will report Q4, 2021 results at 12:01 AM, Coordinated Universal Time on Jan 28, 2022 Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS Mex$2.30 (vs Mex$4.07 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: Mex$9.51b (up 1.0% from 3Q 2020). Net income: Mex$919.0m (down 45% from 3Q 2020). Profit margin: 9.7% (down from 18% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 23
Second quarter 2021 earnings released The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: Mex$9.56b (up 3.5% from 2Q 2020). Net income: Mex$974.7m (down 56% from 2Q 2020). Profit margin: 10% (down from 24% in 2Q 2020). The decrease in margin was driven by higher expenses. Upcoming Dividend • May 05
Upcoming dividend of Mex$4.00 per share Eligible shareholders must have bought the stock before 12 May 2021. Payment date: 14 May 2021. Trailing yield: 3.7%. Lower than top quartile of Mexican dividend payers (4.9%). Lower than average of industry peers (5.8%). Reported Earnings • Apr 26
First quarter 2021 earnings released The company reported a poor first quarter result with weaker earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: Mex$9.04b (flat on 1Q 2020). Net income: Mex$1.07b (down 26% from 1Q 2020). Profit margin: 12% (down from 16% in 1Q 2020). Is New 90 Day High Low • Mar 03
New 90-day high: Mex$116 The company is up 18% from its price of Mex$98.42 on 02 December 2020. The Mexican market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Mex$101 per share. Executive Departure • Feb 06
Chairman of the Board & Executive President Joaquín Brockman Lozano has left the company On the 29th of January, Joaquín Brockman Lozano's tenure in the role of Chairman of the Board & Executive President ended. We don't have any record of a personal shareholding under Joaquín's name. Joaquín is the only executive to leave the company over the last 12 months. Analyst Estimate Surprise Post Earnings • Jan 31
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 7.5%. Over the next year, revenue is expected to shrink by 2.2% compared to a 3.9% decline forecast for the Insurance industry in Mexico. Reported Earnings • Jan 30
Full year 2020 earnings released: EPS Mex$16.50 (vs Mex$12.60 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: Mex$37.5b (up 3.2% from FY 2019). Net income: Mex$6.79b (up 27% from FY 2019). Profit margin: 18% (up from 15% in FY 2019). Combined ratio: 80.1% (down from 86.5% in FY 2019). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.