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Fideicomiso Irrevocable F/2061 FHipo

OTCPK:BNZI.F
Snowflake Description

Good value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BNZI.F
OTCPK
MX$4B
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Fideicomiso Irrevocable F/2061 FHipo, a real estate investment trust, acquires, originates, co-participates, manages, and operates mortgage portfolios in Mexico. The last earnings update was 26 days ago. More info.


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BNZI.F Share Price and Events
7 Day Returns
23.1%
OTCPK:BNZI.F
0.7%
US Mortgage REITs
2.4%
US Market
1 Year Returns
-
OTCPK:BNZI.F
-0.3%
US Mortgage REITs
1.9%
US Market
BNZI.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fideicomiso Irrevocable F/2061 FHipo (BNZI.F) 23.1% 23.1% - - - -
US Mortgage REITs 0.7% 0.6% 3.7% -0.3% 11.3% -8.1%
US Market 2.4% 1.7% 11.9% 1.9% 38.2% 42.4%
1 Year Return vs Industry and Market
  • No trading data on BNZI.F.
  • No trading data on BNZI.F.
Price Volatility
BNZI.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Fideicomiso Irrevocable F/2061 FHipo's competitors could be found in our database.

Value

 Is Fideicomiso Irrevocable F/2061 FHipo undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Fideicomiso Irrevocable F/2061 FHipo to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Fideicomiso Irrevocable F/2061 FHipo.

OTCPK:BNZI.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= MX$26.14 * 8.6%
MX$2.25
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. MX$26.14
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:BNZI.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Mortgage REITs Unlevered Beta Simply Wall St/ S&P Global 0.29
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.291 (1 + (1- 30%) (423.39%))
1.102
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.102 * 5.96%)
9.3%

Discounted Cash Flow Calculation for OTCPK:BNZI.F using Excess Returns Model Model

The calculations below outline how an intrinsic value for Fideicomiso Irrevocable F/2061 FHipo is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:BNZI.F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.6% – 9.3%) * MX$26.14)
MX$-0.18
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= MX$-0.18 / (9.3% - 2.73%)
MX$-2.75
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= MX$26.14 + MX$-2.75
MX$23.4
OTCPK:BNZI.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:BNZI.F represents 0.0489x of BMV:FHIPO 14
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0489x
Value per Share
(Listing Adjusted, USD)
= Value per Share (MXN) x Listing Adjustment Factor
= MX$ 23.40 x 0.0489
$1.14
Value per share (USD) From above. $1.14
Current discount Discount to share price of $0.82
= -1 x ($0.82 - $1.14) / $1.14
28.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Fideicomiso Irrevocable F/2061 FHipo is available for.
Intrinsic value
29%
Share price is $0.82 vs Future cash flow value of $1.14
Current Discount Checks
For Fideicomiso Irrevocable F/2061 FHipo to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fideicomiso Irrevocable F/2061 FHipo's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Fideicomiso Irrevocable F/2061 FHipo's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Fideicomiso Irrevocable F/2061 FHipo's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fideicomiso Irrevocable F/2061 FHipo's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:BNZI.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in MXN MX$3.85
BMV:FHIPO 14 Share Price ** BMV (2019-03-13) in MXN MX$16.67
United States of America Mortgage REITs Industry PE Ratio Median Figure of 22 Publicly-Listed Mortgage REITs Companies 11.54x
United States of America Market PE Ratio Median Figure of 3,055 Publicly-Listed Companies 17.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Fideicomiso Irrevocable F/2061 FHipo.

OTCPK:BNZI.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BMV:FHIPO 14 Share Price ÷ EPS (both in MXN)

= 16.67 ÷ 3.85

4.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fideicomiso Irrevocable F/2061 FHipo is good value based on earnings compared to the US Mortgage REITs industry average.
  • Fideicomiso Irrevocable F/2061 FHipo is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Fideicomiso Irrevocable F/2061 FHipo's expected growth come at a high price?
Raw Data
OTCPK:BNZI.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
2.1%per year
United States of America Mortgage REITs Industry PEG Ratio Median Figure of 21 Publicly-Listed Mortgage REITs Companies 0.99x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Fideicomiso Irrevocable F/2061 FHipo, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Fideicomiso Irrevocable F/2061 FHipo's assets?
Raw Data
OTCPK:BNZI.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in MXN MX$43.84
BMV:FHIPO 14 Share Price * BMV (2019-03-13) in MXN MX$16.67
United States of America Mortgage REITs Industry PB Ratio Median Figure of 37 Publicly-Listed Mortgage REITs Companies 0.98x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
OTCPK:BNZI.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BMV:FHIPO 14 Share Price ÷ Book Value per Share (both in MXN)

= 16.67 ÷ 43.84

0.38x

* Primary Listing of Fideicomiso Irrevocable F/2061 FHipo.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fideicomiso Irrevocable F/2061 FHipo is good value based on assets compared to the US Mortgage REITs industry average.
X
Value checks
We assess Fideicomiso Irrevocable F/2061 FHipo's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage REITs industry average (and greater than 0)? (1 check)
  5. Fideicomiso Irrevocable F/2061 FHipo has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Fideicomiso Irrevocable F/2061 FHipo expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

  • No analysts cover Fideicomiso Irrevocable F/2061 FHipo, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fideicomiso Irrevocable F/2061 FHipo expected to grow at an attractive rate?
  • Fideicomiso Irrevocable F/2061 FHipo's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Fideicomiso Irrevocable F/2061 FHipo's earnings growth is positive but not above the United States of America market average.
  • Fideicomiso Irrevocable F/2061 FHipo's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:BNZI.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:BNZI.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 2.1%
OTCPK:BNZI.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 2.3%
United States of America Mortgage REITs Industry Earnings Growth Rate Market Cap Weighted Average 30.7%
United States of America Mortgage REITs Industry Revenue Growth Rate Market Cap Weighted Average 26.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:BNZI.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in MXN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:BNZI.F Future Estimates Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,026 1
2019-12-31 908 1
OTCPK:BNZI.F Past Financials Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income *
2018-12-31 981 1,297 974
2018-09-30 1,435 2,097 937
2018-06-30 1,247 2,125 939
2018-03-31 1,330 1,839 933
2017-12-31 1,391 2,429 942
2017-09-30 1,172 1,908 960
2017-06-30 1,392 1,028 964
2017-03-31 1,379 -1,248 988
2016-12-31 1,328 -1,783 973
2016-09-30 1,234 -2,732 959
2016-06-30 1,096 -1,125 895
2016-03-31 1,025 802 813

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fideicomiso Irrevocable F/2061 FHipo's earnings are expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).
  • Fideicomiso Irrevocable F/2061 FHipo's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:BNZI.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Fideicomiso Irrevocable F/2061 FHipo Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BNZI.F Future Estimates Data
Date (Data in MXN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
OTCPK:BNZI.F Past Financials Data
Date (Data in MXN Millions) EPS *
2018-12-31
2018-09-30
2018-06-30
2018-03-31
2017-12-31 3.85
2017-09-30
2017-06-30
2017-03-31
2016-12-31 2.90
2016-09-30
2016-06-30
2016-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Fideicomiso Irrevocable F/2061 FHipo is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fideicomiso Irrevocable F/2061 FHipo's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Fideicomiso Irrevocable F/2061 FHipo has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Fideicomiso Irrevocable F/2061 FHipo performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Fideicomiso Irrevocable F/2061 FHipo's growth in the last year to its industry (Mortgage REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Fideicomiso Irrevocable F/2061 FHipo's year on year earnings growth rate has been positive over the past 5 years.
  • Fideicomiso Irrevocable F/2061 FHipo's 1-year earnings growth is less than its 5-year average (3.4% vs 16.9%)
  • Fideicomiso Irrevocable F/2061 FHipo's earnings growth has not exceeded the US Mortgage REITs industry average in the past year (3.4% vs 16.8%).
Earnings and Revenue History
Fideicomiso Irrevocable F/2061 FHipo's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Fideicomiso Irrevocable F/2061 FHipo Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BNZI.F Past Revenue, Cash Flow and Net Income Data
Date (Data in MXN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 980.68 973.93 500.55
2018-09-30 1,435.16 936.71 483.97
2018-06-30 1,247.09 939.20 474.88
2018-03-31 1,330.15 932.58 102.90
2017-12-31 1,391.26 942.15 449.11
2017-09-30 1,171.75 959.83 438.97
2017-06-30 1,392.09 964.22 416.38
2017-03-31 1,378.98 988.47 391.47
2016-12-31 1,327.83 972.63 355.21
2016-09-30 1,233.95 958.84 318.04
2016-06-30 1,096.36 895.08 274.66
2016-03-31 1,025.15 812.74 243.69
2015-12-31 973.53 758.11 215.41
2014-12-31 65.34 55.52 9.82

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Fideicomiso Irrevocable F/2061 FHipo has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fideicomiso Irrevocable F/2061 FHipo used its assets more efficiently than the US Mortgage REITs industry average last year based on Return on Assets.
  • Unable to establish if Fideicomiso Irrevocable F/2061 FHipo improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Fideicomiso Irrevocable F/2061 FHipo's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Fideicomiso Irrevocable F/2061 FHipo has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Fideicomiso Irrevocable F/2061 FHipo's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Fideicomiso Irrevocable F/2061 FHipo's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fideicomiso Irrevocable F/2061 FHipo is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fideicomiso Irrevocable F/2061 FHipo's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fideicomiso Irrevocable F/2061 FHipo's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Fideicomiso Irrevocable F/2061 FHipo Company Filings, last reported 2 months ago.

OTCPK:BNZI.F Past Debt and Equity Data
Date (Data in MXN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 10,566.13 17,284.98 1,653.05
2018-09-30 10,745.63 16,830.50 1,725.21
2018-06-30 10,745.08 15,505.68 1,682.21
2018-03-31 10,943.65 14,503.56 1,572.78
2017-12-31 10,737.52 13,782.52 1,465.04
2017-09-30 11,011.87 11,066.82 830.97
2017-06-30 11,308.11 12,553.77 1,059.70
2017-03-31 11,324.72 11,153.98 1,047.35
2016-12-31 11,688.57 9,377.64 929.59
2016-09-30 11,556.87 7,157.06 428.26
2016-06-30 11,553.33 5,508.52 1,241.15
2016-03-31 8,509.02 2,610.98 468.45
2015-12-31 8,501.63 1,727.22 497.83
2014-12-31 8,304.65 0.00 918.95
  • Fideicomiso Irrevocable F/2061 FHipo's level of debt (163.6%) compared to net worth is high (greater than 40%).
  • Unable to establish if Fideicomiso Irrevocable F/2061 FHipo's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (7.5%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Fideicomiso Irrevocable F/2061 FHipo's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Fideicomiso Irrevocable F/2061 FHipo's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Fideicomiso Irrevocable F/2061 FHipo has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Fideicomiso Irrevocable F/2061 FHipo's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
11.21%
Current annual income from Fideicomiso Irrevocable F/2061 FHipo dividends. Estimated to be 10.86% next year.
If you bought $2,000 of Fideicomiso Irrevocable F/2061 FHipo shares you are expected to receive $224 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Fideicomiso Irrevocable F/2061 FHipo's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Fideicomiso Irrevocable F/2061 FHipo's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:BNZI.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Mortgage REITs Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 10.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:BNZI.F Future Dividends Estimate Data
Date (Data in MX$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 1.69 2.00
2019-12-31 1.94 2.00
OTCPK:BNZI.F Past Annualized Dividends Data
Date (Data in MX$) Dividend per share (annual) Avg. Yield (%)
2019-02-21 1.869 12.585
2018-05-30 2.034 13.326
2018-02-26 2.034 11.977
2017-04-07 1.978 9.511
2017-02-24 1.978 8.811
2016-05-26 2.088 8.401
2016-04-14 2.088 8.372

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Fideicomiso Irrevocable F/2061 FHipo has been paying a dividend for less than 10 years.
  • Fideicomiso Irrevocable F/2061 FHipo has only been paying a dividend for 3 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Fideicomiso Irrevocable F/2061 FHipo's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Fideicomiso Irrevocable F/2061 FHipo's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Fideicomiso Irrevocable F/2061 FHipo afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fideicomiso Irrevocable F/2061 FHipo has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Fideicomiso Irrevocable F/2061 FHipo's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alfredo Alonso
AGE 49
CEO Bio

Mr. Alfredo Vara Alonso serves as the Chief Executive Officer and Director of Concentradora Hipotecaria SAPI de CV. Mr. Alonso is also the Founding Partner of an investment bank boutique based in Mexico named VACE Partners. He worked for eutsche Bank's Latin American Global Market Sales Group, which he joined in 2005. He has a wide experience a full range of financial institution's products. He also served as the Head of The Local Debt Capital Markets Group for Deustche Bank in Mexico, creating some of the first debt structuring and securitization deals in Mexico. He serves as President of the Board of Concentradora Hipotecaria Sapi De Cv. He served as a Member of The Board of Directors of Fincasa Hipotecaria. He is a Member of the Infonavit’s Audit Committee and a Member of the Board of Directors and the Audit and Best Practices Committee of Afore XXI- Banorte. Prior to joining Deutsche Bank, he held different senior positions for the Mexican government focused on financial entities. He directly assisted the Mexican government in the creation and development of the Mexican internal debt market, by assisting Mexico government to obtain an Standard & Poor’s government debt grade and the issuance of debt instruments denominated “Bonos de Protección al Ahorro” (BPA’s and BPAT) for up to USD32 billion. In addition, as Deputy Secretary of Financial Institutions for the Instituto para la Protección al Ahorro Bancario (IPAB), he was responsible for managing the sales process, including the completion of the following transactions: the acquisition of Banca Promex by Bancomer, the Banco del Atlántico and the transfer of Banco del Atlántico’s assets to Banco Internacional and the restructuring and assumption of all the operations of intervened banks by the Comision Nacional Bancaria y de Valores (CNBV). He managed resources authorized in the Expenditures Budget of the Mexican Government, in order to support fulfillment of obligations undertaken by the IPAB, as well as to implement programs to support depositary banks and debtors. Prior to working at the Mexican government, he worked for three years, from 2006 to 2009, at Citibank as a Member of the structuring group in Mexico. Mr. Vara has a B.A. in Economics from the Instituto Tecnológico Autónomo de México. He graduated from Yale University, where he received a dual degree: MPPM from Yale School of Management and a M.A. in Economics.

CEO Compensation
  • Insufficient data for Alfredo to compare compensation growth.
  • Insufficient data for Alfredo to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Alfredo Alonso

TITLE
President of the Board & CEO of Concentradora Hipotecaria SAPI de CV
AGE
49

Daniel Michael Zamudio

TITLE
CFO - Concentradora Hipotecaria Sapi De Cv and Director of Concentradora Hipotecaria Sapi De Cv
AGE
34

José Dorantes

TITLE
COO & Internal Director of Concentradora Hipotecaria SAPI de CV
AGE
48

Xavier Martínez

TITLE
Investor Relations Officer of Concentradora Hipotecaria SAPI de CV

Patricia Font

TITLE
Chief Legal Officer & Legal Counsel of Concentradora Hipotecaria SAPI de CV
AGE
44

Ignacio Sainz

TITLE
Business Development Officer & Internal Director of Concentradora Hipotecaria SAPI de CV
AGE
30
Board of Directors

Daniel Michael Zamudio

TITLE
CFO - Concentradora Hipotecaria Sapi De Cv and Director of Concentradora Hipotecaria Sapi De Cv
AGE
34

José Dorantes

TITLE
COO & Internal Director of Concentradora Hipotecaria SAPI de CV
AGE
48

Ignacio Sainz

TITLE
Business Development Officer & Internal Director of Concentradora Hipotecaria SAPI de CV
AGE
30

Alejandro García

TITLE
Internal Director of Concentradora Hipotecaria SAPI de CV
AGE
67

Alfredo Alonso

TITLE
President of the Board & CEO of Concentradora Hipotecaria SAPI de CV
AGE
49

Alejandro Hansberg

TITLE
Internal Director of Concentradora Hipotecaria SAPI de CV
AGE
46

Ángel Moreno

TITLE
Internal Director of Concentradora Hipotecaria SAPI de CV
AGE
62

Carlos Javier Alonso

TITLE
Internal Director of Concentradora Hipotecaria SAPI de CV
AGE
50

Henry Signoret

TITLE
Internal Director of Concentradora Hipotecaria SAPI de CV
AGE
77

Fernando Ayala

TITLE
Internal Director of Concentradora Hipotecaria SAPI de CV
AGE
57
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Fideicomiso Irrevocable F/2061 FHipo's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Fideicomiso Irrevocable F/2061 FHipo has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Fideicomiso Irrevocable F/2061 FHipo, a real estate investment trust, acquires, originates, co-participates, manages, and operates mortgage portfolios in Mexico. The company provides investors with exposure to the Mexican mortgage market and rewards them through a combination of dividend payments and capital gains. It has a partnership in origination between FHipo and the National Workers’ Housing Institute Fund, Infonavit, a social welfare agency of the Mexican Government dedicated, inter alia, to mortgage financing. The company was founded in 2014 and is based in Mexico City, Mexico.

Details
Name: Fideicomiso Irrevocable F/2061 FHipo
BNZI.F
Exchange: OTCPK
Founded: 2014
MX$213,927,250
244,899,860
Website: http://www.fhipo.com
Address: Fideicomiso Irrevocable F/2061 FHipo
Juan Salvador Agraz #65,
Piso 9 B,
Mexico City,
Distrito Federal, 05300,
Mexico
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BMV FHIPO 14 CBFI Certificates Bolsa Mexicana de Valores MX MXN 05. Nov 2014
OTCPK BNZI.F CBFI Certificates Pink Sheets LLC US USD 05. Nov 2014
Number of employees
Current staff
Staff numbers
0
Fideicomiso Irrevocable F/2061 FHipo employees.
Industry
Mortgage REITs
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 00:38
End of day share price update: 2019/03/13 00:00
Last estimates confirmation: 2019/02/21
Last earnings filing: 2019/02/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.