FIBRA Macquarie México Future Growth

Future criteria checks 0/6

FIBRA Macquarie México's earnings are forecast to decline at 6.6% per annum while its annual revenue is expected to grow at 6.9% per year. EPS is expected to decline by 7.2% per annum. Return on equity is forecast to be 8% in 3 years.

Key information

-6.6%

Earnings growth rate

-7.2%

EPS growth rate

Industrial REITs earnings growth	14.4%
Revenue growth rate	6.9%
Future return on equity	8.0%
Analyst coverage	Good
Last updated	18 Apr 2024

Recent future growth updates

Recent updates

FIBRA Macquarie México (BMV:FIBRAMQ12) Has Compensated Shareholders With A Respectable 60% Return On Their Investment

Feb 12

Earnings and Revenue Growth Forecasts

BMV:FIBRAMQ 12 - Analysts future estimates and past financials data (MXN Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	5,461	3,130	2,538	3,016	5
12/31/2025	5,103	2,802	2,298	2,664	5
12/31/2024	4,758	2,501	2,030	2,183	6
12/31/2023	4,313	3,967	2,839	2,839	N/A
9/30/2023	4,300	2,620	1,951	3,017	N/A
6/30/2023	4,246	1,476	1,642	3,005	N/A
3/31/2023	4,182	1,866	2,026	3,311	N/A
12/31/2022	4,162	2,848	2,209	3,275	N/A
9/30/2022	3,956	7,779	2,308	3,233	N/A
6/30/2022	3,990	8,171	2,246	3,129	N/A
3/31/2022	3,955	6,481	1,841	2,927	N/A
12/31/2021	3,912	7,792	1,900	2,824	N/A
9/30/2021	4,182	1,071	3,182	3,490	N/A
6/30/2021	4,160	-288	2,607	3,549	N/A
3/31/2021	4,118	-1,782	2,970	3,594	N/A
12/31/2020	4,095	1,603	2,887	3,604	N/A
9/30/2020	3,831	3,190	2,334	3,011	N/A
6/30/2020	3,776	3,841	2,333	3,013	N/A
3/31/2020	3,790	5,114	2,226	2,908	N/A
12/31/2019	3,746	536	2,242	3,053	N/A
9/30/2019	3,707	2,149	2,213	2,884	N/A
6/30/2019	3,633	777	2,167	2,770	N/A
3/31/2019	3,624	2,835	2,182	2,903	N/A
12/31/2018	3,618	2,017	2,304	2,804	N/A
9/30/2018	3,548	3,115	2,456	2,907	N/A
6/30/2018	3,548	4,649	2,243	2,892	N/A
3/31/2018	3,540	2,503	2,434	2,701	N/A
12/31/2017	3,553	1,840	2,448	2,834	N/A
9/30/2017	3,559	1,195	N/A	2,756	N/A
6/30/2017	3,563	1,278	N/A	2,927	N/A
3/31/2017	3,505	3,083	N/A	3,423	N/A
12/31/2016	3,425	4,961	N/A	3,245	N/A
9/30/2016	3,312	4,108	N/A	3,113	N/A
6/30/2016	3,209	4,957	N/A	2,785	N/A
3/31/2016	3,032	3,913	N/A	2,188	N/A
12/31/2015	2,807	3,908	N/A	2,124	N/A
9/30/2015	2,658	4,848	N/A	1,942	N/A
6/30/2015	2,457	4,052	N/A	1,847	N/A
3/31/2015	2,332	3,640	N/A	2,266	N/A
12/31/2014	2,240	3,280	N/A	2,045	N/A
9/30/2014	2,116	1,477	N/A	1,226	N/A
6/30/2014	1,973	710	N/A	3,596	N/A
3/31/2014	1,839	1,207	N/A	2,919	N/A
12/31/2013	1,712	1,067	N/A	3,049	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FIBRAMQ 12's earnings are forecast to decline over the next 3 years (-6.6% per year).

Earnings vs Market: FIBRAMQ 12's earnings are forecast to decline over the next 3 years (-6.6% per year).

High Growth Earnings: FIBRAMQ 12's earnings are forecast to decline over the next 3 years.

Revenue vs Market: FIBRAMQ 12's revenue (6.9% per year) is forecast to grow slower than the MX market (7.3% per year).

High Growth Revenue: FIBRAMQ 12's revenue (6.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FIBRAMQ 12's Return on Equity is forecast to be low in 3 years time (8%).

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FIBRA Macquarie México Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 35%

Consensus EPS estimates increase by 77%

Consensus EPS estimates increase by 13%

Consensus EPS estimates fall by 37%, revenue upgraded

Consensus EPS estimates fall by 28%, revenue upgraded

Consensus EPS estimates increase by 23%

Recent updates

FIBRA Macquarie México (BMV:FIBRAMQ 12) made an offer to acquire FIBRA Terrafina (BMV:TERRA 13) for MXN 24.4 billion in a merger of equals transaction.

FIBRA Macquarie México to Report Q1, 2024 Results on Apr 25, 2024

FIBRA Macquarie México, Annual General Meeting, Apr 23, 2024

New minor risk - Shareholder dilution

Dividend of Mex$0.68 announced

Dividend of Mex$0.53 announced

Consensus EPS estimates increase by 35%

New major risk - Financial position

Full year 2023 earnings released: EPS: Mex$5.21 (vs Mex$3.74 in FY 2022)

Now 21% overvalued after recent price rise

FIBRA Macquarie México to Report Q4, 2023 Results on Feb 08, 2024

Now 21% overvalued after recent price rise

Consensus EPS estimates increase by 77%

New major risk - Financial position

Third quarter 2023 earnings: Revenues miss analyst expectations

FIBRA Macquarie México to Report Q3, 2023 Results on Oct 26, 2023

Consensus EPS estimates increase by 13%

Fibra Macquarie Mexico Announces Groundbreaking of Industrial Development Project in Tijuana

New major risk - Financial position

Second quarter 2023 earnings released: FFO per share: Mex$0.8 (vs Mex$0.81 in 2Q 2022)

Consensus EPS estimates fall by 37%, revenue upgraded

Upcoming dividend of Mex$0.88 per share at 6.4% yield

Upcoming dividend of Mex$0.50 per share at 6.2% yield

Consensus EPS estimates fall by 28%, revenue upgraded

Consensus EPS estimates increase by 23%

Now 21% undervalued

FIBRA Macquarie México to Report Q4, 2022 Results on Feb 02, 2023

Now 22% undervalued

No independent directors

Fibra Macquarie México Declares Cash Distribution for the Quarter Ended September 30, 2022, Payable on January 30, 2023; Reaffirms Cash Distributions for the Fourth Quarter and Fiscal Year 2022

FIBRA Macquarie México to Report Q3, 2022 Results on Oct 24, 2022

Consensus forecasts updated

FIBRA Macquarie México, Annual General Meeting, Sep 06, 2022

FIBRA Macquarie México Declares Cash Distribution for the Quarter Ended June 30, 2022, Payable on September 28, 2022; Reaffirms Dividend Guidance for 2022

FIBRA Macquarie México to Report Q2, 2022 Results on Jul 27, 2022

FIBRA Macquarie México Declares Cash Distribution for the Quarter Ended March 31, 2022, Payable on June 16, 2022

First quarter 2022 earnings: EPS and revenues miss analyst expectations

No independent directors

FIBRA Macquarie México Announces Executive Changes

FIBRA Macquarie México to Report Q1, 2022 Results on Apr 28, 2022

Consensus forecasts updated

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

FIBRA Macquarie México, Annual General Meeting, Apr 22, 2022

Consensus forecasts updated

FIBRA Macquarie México Proposes Cash Distribution for the Fiscal Year 2022

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Third quarter 2021 earnings released: EPS Mex$1.87 (vs Mex$0.085 in 3Q 2020)

Upcoming dividend of Mex$0.47 per share

First quarter 2021 earnings released: EPS Mex$1.92 (vs Mex$6.34 in 1Q 2020)

Consensus forecasts updated

FIBRA Macquarie México (BMV:FIBRAMQ12) Has Compensated Shareholders With A Respectable 60% Return On Their Investment

Full year 2020 earnings released: FFO Mex$3.14 per share (vs Mex$3.00 in FY 2019)

Revenue and earnings miss expectations

New 90-day high: Mex$28.16

Analysts increase EPS estimates to Mex$5.80

Third quarter earnings released

Third-quarter earnings released: Revenue and earnings miss expectations

New 90-day high: Mex$27.72

FIBRA Macquarie México to Report Q3, 2020 Results on Oct 27, 2020

Analysts update estimates

New 90-day high: Mex$25.99

New 90-day high - Mex$25.94

New 90-day high - Mex$25.82

FIBRA Macquarie México to Report Q2, 2020 Results on Jul 27, 2020

New 90-day high - Mex$25.23

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity