FIBRA Macquarie México (BMV:FIBRAMQ 12) Stock Valuation, Peer Comparison & Price Targets

Q: What is the Fair Price of FIBRAMQ 12 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

FIBRAMQ 12 (MX$32.31) is trading above our estimate of [[fair value]] (MX$29.68)

Share Price vs Fair Value

What is the Fair Price of FIBRAMQ 12 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FIBRAMQ 12 (MX$32.31) is trading above our estimate of fair value (MX$29.68)

Significantly Below Fair Value: FIBRAMQ 12 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FIBRAMQ 12?

Key metric: As FIBRAMQ 12 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FIBRAMQ 12. This is calculated by dividing FIBRAMQ 12's market cap by their current earnings.
What is FIBRAMQ 12's PE Ratio?
PE Ratio	2.5x
Earnings	Mex$10.40b
Market Cap	Mex$25.79b

FIBRAMQ 12 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/Revenue	10.2x
Enterprise Value/EBITDA	13.5x
PEG Ratio	-0.05x

Price to Earnings Ratio vs Peers

How does FIBRAMQ 12's PE Ratio compare to its peers?

The above table shows the PE ratio for FIBRAMQ 12 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	6.8x
TERRA 13 FIBRA Terrafina	8.1x	-9.3%	Mex$28.3b
FIBRAPL 14 FIBRA Prologis	4.5x	-63.6%	Mex$99.0b
DANHOS 13 Fibra Danhos	9.4x	5.1%	Mex$32.7b
FMTY 14 Fibra MtyP.I. de	5.1x	-50.7%	Mex$25.7b
FIBRAMQ 12 FIBRA Macquarie México	2.5x	-53.6%	Mex$25.8b

Price-To-Earnings vs Peers: FIBRAMQ 12 is good value based on its Price-To-Earnings Ratio (2.5x) compared to the peer average (6.8x).

Price to Earnings Ratio vs Industry

How does FIBRAMQ 12's PE Ratio compare vs other companies in the Global Industrial REITs Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	20.0x	15.5%
FIBRAMQ 12 FIBRA Macquarie México	2.5x	-53.6%	US$1.26b

2 Companies		Estimated Growth	Market Cap
Industry Avg.	20.0x	15.5%
FIBRAMQ 12 FIBRA Macquarie México	2.5x	-53.6%	US$1.26b

No more companies

Price-To-Earnings vs Industry: FIBRAMQ 12 is good value based on its Price-To-Earnings Ratio (2.5x) compared to the Global Industrial REITs industry average (20.1x).

Price to Earnings Ratio vs Fair Ratio

What is FIBRAMQ 12'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.

FIBRAMQ 12 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	2.5x
Fair PE Ratio	4.1x

Price-To-Earnings vs Fair Ratio: FIBRAMQ 12 is good value based on its Price-To-Earnings Ratio (2.5x) compared to the estimated Fair Price-To-Earnings Ratio (4.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FIBRAMQ 12 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	Mex$32.31	Mex$38.59 +19.4%	8.4%	Mex$44.34	Mex$33.03	n/a	11
Nov ’25	Mex$32.76	Mex$38.59 +17.8%	8.4%	Mex$44.34	Mex$33.03	n/a	11
Oct ’25	Mex$31.48	Mex$38.98 +23.8%	6.4%	Mex$43.33	Mex$35.62	n/a	10
Sep ’25	Mex$31.06	Mex$36.84 +18.6%	7.1%	Mex$41.16	Mex$32.96	n/a	9
Aug ’25	Mex$31.06	Mex$37.58 +21.0%	6.3%	Mex$41.43	Mex$34.57	n/a	8
Jul ’25	Mex$31.18	Mex$38.37 +23.0%	8.4%	Mex$45.06	Mex$35.13	n/a	8
Jun ’25	Mex$31.79	Mex$36.75 +15.6%	7.7%	Mex$41.42	Mex$32.66	n/a	10
May ’25	Mex$30.82	Mex$37.52 +21.7%	6.9%	Mex$41.84	Mex$32.78	n/a	9
Apr ’25	Mex$32.90	Mex$35.56 +8.1%	8.7%	Mex$41.02	Mex$30.78	n/a	10
Mar ’25	Mex$32.55	Mex$35.87 +10.2%	7.9%	Mex$40.94	Mex$31.45	n/a	10
Feb ’25	Mex$32.22	Mex$35.41 +9.9%	7.4%	Mex$39.24	Mex$29.67	n/a	10
Jan ’25	Mex$31.75	Mex$33.79 +6.4%	8.7%	Mex$36.82	Mex$28.36	n/a	10
Dec ’24	Mex$29.47	Mex$34.24 +16.2%	8.5%	Mex$37.20	Mex$28.76	n/a	10
Nov ’24	Mex$27.22	Mex$35.63 +30.9%	8.6%	Mex$39.84	Mex$29.95	Mex$32.76	10
Oct ’24	Mex$27.89	Mex$35.12 +25.9%	8.5%	Mex$38.76	Mex$28.39	Mex$31.48	10
Sep ’24	Mex$30.30	Mex$35.13 +16.0%	8.4%	Mex$38.82	Mex$28.44	Mex$31.06	10
Aug ’24	Mex$30.74	Mex$34.00 +10.6%	8.8%	Mex$37.25	Mex$28.01	Mex$31.06	10
Jul ’24	Mex$28.77	Mex$32.42 +12.7%	11.0%	Mex$35.97	Mex$25.05	Mex$31.18	10
Jun ’24	Mex$28.02	Mex$32.50 +16.0%	11.4%	Mex$36.97	Mex$25.74	Mex$31.79	10
May ’24	Mex$28.22	Mex$32.87 +16.5%	10.4%	Mex$37.15	Mex$26.37	Mex$30.82	10
Apr ’24	Mex$27.31	Mex$32.46 +18.9%	11.3%	Mex$37.66	Mex$26.73	Mex$32.90	10
Mar ’24	Mex$30.07	Mex$32.21 +7.1%	9.6%	Mex$37.53	Mex$27.70	Mex$32.55	10
Feb ’24	Mex$30.77	Mex$31.83 +3.4%	10.1%	Mex$37.41	Mex$26.25	Mex$32.22	10
Jan ’24	Mex$27.16	Mex$30.24 +11.4%	11.2%	Mex$37.05	Mex$26.99	Mex$31.75	10
Dec ’23	Mex$27.05	Mex$29.35 +8.5%	12.4%	Mex$36.99	Mex$23.70	Mex$29.47	11
Nov ’23	Mex$25.15	Mex$29.71 +18.1%	9.3%	Mex$34.62	Mex$24.45	Mex$27.22	11

Analyst Forecast: Target price is less than 20% higher than the current share price.

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FIBRA Macquarie México Valuation