NYSE:MXF

Stock Analysis Report

Executive Summary

The Mexico Fund, Inc. is a closed-ended equity mutual fund launched and managed by Impulsora del Fondo México, S.C.

Rewards


Snowflake Analysis

Share Price & News

How has Mexico Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MXF has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.7%

MXF

0.4%

US Capital Markets

0.06%

US Market


1 Year Return

-1.9%

MXF

17.9%

US Capital Markets

19.3%

US Market

Return vs Industry: MXF underperformed the US Capital Markets industry which returned 17.9% over the past year.

Return vs Market: MXF underperformed the US Market which returned 19.3% over the past year.


Shareholder returns

MXFIndustryMarket
7 Day-1.7%0.4%0.06%
30 Day-3.5%0.7%1.7%
90 Day5.9%6.9%9.0%
1 Year5.3%-1.9%20.2%17.9%21.8%19.3%
3 Year9.1%-6.4%40.2%32.4%49.5%39.9%
5 Year-15.0%-36.9%84.5%67.4%73.1%54.1%

Price Volatility Vs. Market

How volatile is Mexico Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Mexico Fund undervalued compared to its fair value and its price relative to the market?

17.08x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MXF's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MXF's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MXF is good value based on its PE Ratio (17.1x) compared to the Capital Markets industry average (35.3x).

PE vs Market: MXF is good value based on its PE Ratio (17.1x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MXF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MXF is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (6.8x).

Future Growth

How is Mexico Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.5%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mexico Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Mexico Fund performed over the past 5 years?

14.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MXF has a large one-off gain of $8.1M impacting its October 31 2019 financial results.

Growing Profit Margin: MXF became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MXF has become profitable over the past 5 years, growing earnings by 14.4% per year.

Accelerating Growth: MXF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MXF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (8.4%).


Return on Equity

High ROE: MXF's Return on Equity (5.4%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is Mexico Fund's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: MXF has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if MXF's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MXF is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: Insufficient data to determine if MXF has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Financial Institutions Analysis

Asset Level: MXF's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if MXF has a sufficient allowance for bad loans.

Low Risk Liabilities: MXF reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if MXF has an acceptable proportion of non-loan assets held.

Low Risk Deposits: MXF has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if MXF has an appropriate level of bad loans.

Dividend

What is Mexico Fund's current dividend yield, its reliability and sustainability?

7.08%

Current Dividend Yield


Dividend Yield vs Market

company7.1%marketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: MXF's dividend (7.08%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: MXF's dividend (7.08%) is in the top 25% of dividend payers in the US market (3.71%)


Stability and Growth of Payments

Stable Dividend: MXF's dividend payments have been volatile in the past 10 years.

Growing Dividend: MXF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (121%), MXF's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

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

18.6yrs

Average board tenure


CEO

Mexico Fund has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Marc J. Shapiro
Independent Director14.1yrsUS$54.10k0.33% $700.8k
Claudio Xavier González Laporte
Independent Director39.1yrsUS$47.73k1.31% $2.8m
Edward Djerejian
Independent Director6.9yrsUS$47.73k0.031% $65.8k
Emilio Carrillo Gamboa
Chairman0yrsUS$56.23k0.035% $74.9k
Jaime José Serra Puche
Independent Director23.1yrsUS$47.73k0.083% $175.9k
Jose Luis Gomez Pimienta
Interested Director31.1yrsUS$22.00kno data
Jonathan Davis Arzac
Independent Director8.2yrsUS$47.73k0.040% $85.4k

18.6yrs

Average Tenure

79yo

Average Age

Experienced Board: MXF's board of directors are seasoned and experienced ( 18.6 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

The Mexico Fund, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Mexico Fund, Inc.
  • Ticker: MXF
  • Exchange: NYSE
  • Founded: 1981
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$211.874m
  • Shares outstanding: 15.01m
  • Website: https://www.themexicofund.com

Location

  • The Mexico Fund, Inc.
  • 77 Aristóteles Street
  • 3rd Floor
  • Mexico City
  • Distrito Federal
  • 11560
  • Mexico

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MXFNYSE (New York Stock Exchange)YesCommon StockUSUSDJun 1981

Biography

The Mexico Fund, Inc. is a closed-ended equity mutual fund launched and managed by Impulsora del Fondo México, S.C. It primarily invests in public equity markets of Mexico. The fund seeks to invest its portfolio across diversified sectors. The Mexico Fund, Inc. was formed in June 01, 1981 and is domiciled in Maryland, United States. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 00:59
End of Day Share Price2020/02/20 00:00
Earnings2019/10/31
Annual Earnings2019/10/31


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.