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Fibra Terrafina

OTCPK:CBAO.F
Snowflake Description

Undervalued average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CBAO.F
OTCPK
MX$22B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Terrafina (BMV:TERRA13) is a Mexican real estate investment trust formed primarily to acquire, develop, lease and manage industrial real estate properties in Mexico. The last earnings update was 116 days ago. More info.


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CBAO.F Share Price and Events
7 Day Returns
-8.5%
OTCPK:CBAO.F
0.3%
US REITs
1.2%
US Market
1 Year Returns
-9.7%
OTCPK:CBAO.F
13.4%
US REITs
0.9%
US Market
CBAO.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fibra Terrafina (CBAO.F) -8.5% -2.2% 9% -9.7% -9.6% -
US REITs 0.3% 7.6% 4.8% 13.4% 20% 27%
US Market 1.2% 6.6% 1.2% 0.9% 44.3% 41.3%
1 Year Return vs Industry and Market
  • CBAO.F underperformed the REITs industry which returned 13.4% over the past year.
  • CBAO.F underperformed the Market in United States of America which returned 0.9% over the past year.
Price Volatility
CBAO.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Fibra Terrafina's competitors could be found in our database.

CBAO.F Value

 Is Fibra Terrafina 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 Fibra Terrafina 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

Below are the data sources, inputs and calculation used to determine the intrinsic value for Fibra Terrafina.

OTCPK:CBAO.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
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:CBAO.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.551 (1 + (1- 30%) (87.89%))
0.89
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.89 * 7.27%)
9.2%

Discounted Cash Flow Calculation for OTCPK:CBAO.F using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Fibra Terrafina is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

Fibra Terrafina is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

OTCPK:CBAO.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Adjusted Funds From Operations (AFFO) (MXN, Millions) 2,136.97 2,176.96 2,474.00 2,471.00 2,866.35
Source Analyst x7 Analyst x6 Analyst x1 Analyst x1 Est @ 16%, capped from 17.8%
Present Value
Discounted (@ 9.2%)
1,956.87 1,825.48 1,899.72 1,737.50 1,845.64
Present value of next 5 years cash flows MX$9,265.22
OTCPK:CBAO.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= MX$2,866.35 × (1 + 2.73%) ÷ (9.2% – 2.73%)
MX$45,487.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= MX$45,487.02 ÷ (1 + 9.2%)5
MX$29,289.00
OTCPK:CBAO.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= MX$9,265.22 + MX$29,289.00
MX$38,554.21
Equity Value per Share
(MXN)
= Total value / Shares Outstanding
= MX$38,554.21 / 790.60
MX$2.17
OTCPK:CBAO.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:CBAO.F represents 0.04798x of BMV:TERRA 13
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.04798x
Value per Share
(Listing Adjusted, USD)
= Value per Share (MXN) x Listing Adjustment Factor
= MX$ 45.29 x 0.04798
$2.17
Value per share (USD) From above. $2.17
Current discount Discount to share price of $1.32
= -1 x ($1.32 - $2.17) / $2.17
39.3%

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

Current Discount
Amount off the current price Fibra Terrafina is available for.
Intrinsic value
39%
Share price is $1.32 vs Future cash flow value of $2.17
Current Discount Checks
For Fibra Terrafina to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fibra Terrafina's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Fibra Terrafina'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 Fibra Terrafina's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fibra Terrafina's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:CBAO.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in MXN MX$1.66
BMV:TERRA 13 Share Price ** BMV (2019-02-15) in MXN MX$27.51
United States of America REITs Industry PE Ratio Median Figure of 154 Publicly-Listed REITs Companies 33.11x
United States of America Market PE Ratio Median Figure of 3,045 Publicly-Listed Companies 16.97x

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

** Primary Listing of Fibra Terrafina.

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

= BMV:TERRA 13 Share Price ÷ EPS (both in MXN)

= 27.51 ÷ 1.66

16.6x

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

  • Fibra Terrafina is good value based on earnings compared to the US REITs industry average.
  • Fibra Terrafina is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Fibra Terrafina's expected growth come at a high price?
Raw Data
OTCPK:CBAO.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
18.1%per year
United States of America REITs Industry PEG Ratio Median Figure of 139 Publicly-Listed REITs Companies 0.88x
United States of America Market PEG Ratio Median Figure of 2,115 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

OTCPK:CBAO.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.6x ÷ 18.1%

0.92x

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

  • Fibra Terrafina is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Fibra Terrafina's assets?
Raw Data
OTCPK:CBAO.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in MXN MX$34.11
BMV:TERRA 13 Share Price * BMV (2019-02-15) in MXN MX$27.51
United States of America REITs Industry PB Ratio Median Figure of 192 Publicly-Listed REITs Companies 1.74x
United States of America Market PB Ratio Median Figure of 5,122 Publicly-Listed Companies 1.82x
OTCPK:CBAO.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BMV:TERRA 13 Share Price ÷ Book Value per Share (both in MXN)

= 27.51 ÷ 34.11

0.81x

* Primary Listing of Fibra Terrafina.

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

  • Fibra Terrafina is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Fibra Terrafina'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 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 REITs industry average (and greater than 0)? (1 check)
  5. Fibra Terrafina has a total score of 5/6, 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.

CBAO.F Future Performance

 How is Fibra Terrafina expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

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
18.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fibra Terrafina expected to grow at an attractive rate?
  • Fibra Terrafina's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Fibra Terrafina's earnings growth is expected to exceed the United States of America market average.
  • Fibra Terrafina's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:CBAO.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:CBAO.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 18.1%
OTCPK:CBAO.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 4%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 1%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
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:CBAO.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in MXN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:CBAO.F Future Estimates Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 4,880 1
2022-12-31 4,507 2
2021-12-31 4,424 2
2020-12-31 4,146 2,175 2,215 11
2019-12-31 4,111 2,141 2,263 13
2018-12-31 3,861 1,753 1,573 13
OTCPK:CBAO.F Past Financials Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income *
2018-09-30 3,826 2,682 1,311
2018-06-30 3,648 3,473 1,506
2018-03-31 3,493 3,028 1,041
2017-12-31 3,431 2,154 1,099
2017-09-30 3,275 2,096 1,321
2017-06-30 3,155 1,301 1,088
2017-03-31 2,978 999 777
2016-12-31 2,713 1,764 949
2016-09-30 2,587 1,696 756
2016-06-30 2,459 1,307 1,053
2016-03-31 2,303 1,070 1,020
2015-12-31 2,182 656 738

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fibra Terrafina's earnings are expected to grow by 18.1% yearly, however this is not considered high growth (20% yearly).
  • Fibra Terrafina's revenue is expected to grow by 4% 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:CBAO.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Fibra Terrafina Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CBAO.F Future Estimates Data
Date (Data in MXN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 2.72 4.18 1.87 5.00
2019-12-31 2.83 4.04 2.33 5.00
2018-12-31 1.95 2.65 1.56 5.00
OTCPK:CBAO.F Past Financials Data
Date (Data in MXN Millions) EPS *
2018-09-30 1.66
2018-06-30 1.90
2018-03-31 1.32
2017-12-31 1.39
2017-09-30 1.67
2017-06-30 1.79
2017-03-31 1.28
2016-12-31 1.56
2016-09-30 1.24
2016-06-30 1.73
2016-03-31 1.68
2015-12-31 1.22

*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.
  • Fibra Terrafina is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fibra Terrafina'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.
Fibra Terrafina has a total score of 2/6, 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.

CBAO.F Past Performance

  How has Fibra Terrafina 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 Fibra Terrafina's growth in the last year to its industry (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.
  • Fibra Terrafina's year on year earnings growth rate has been positive over the past 5 years.
  • Fibra Terrafina's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Fibra Terrafina's 1-year earnings growth is negative, it can't be compared to the US REITs industry average.
Earnings and Revenue History
Fibra Terrafina'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 Fibra Terrafina Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CBAO.F Past Revenue, Cash Flow and Net Income Data
Date (Data in MXN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 3,825.89 1,311.10 400.50
2018-06-30 3,648.15 1,506.41 427.12
2018-03-31 3,492.70 1,040.94 407.22
2017-12-31 3,430.96 1,098.65 414.57
2017-09-30 3,274.65 1,320.83 423.47
2017-06-30 3,155.23 1,087.78 373.36
2017-03-31 2,978.45 776.88 364.84
2016-12-31 2,712.58 949.21 330.90
2016-09-30 2,586.59 756.00 323.58
2016-06-30 2,459.46 1,052.50 317.09
2016-03-31 2,303.25 1,019.52 294.50
2015-12-31 2,182.01 738.03 440.07
2015-09-30 2,230.85 89.38 122.74
2015-06-30 2,117.04 -341.71 216.07
2015-03-31 1,987.00 551.24 404.90
2014-12-31 1,929.34 487.52 243.25
2014-09-30 2,219.67 1,121.65 361.71
2014-06-30 2,028.09 1,352.82 329.59
2013-12-31 1,428.67 685.14 247.44
2012-12-31 1,110.80 856.90 49.80

*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.
  • Fibra Terrafina has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fibra Terrafina used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • Fibra Terrafina has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fibra Terrafina'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 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.
Fibra Terrafina 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.

CBAO.F Health

 How is Fibra Terrafina'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 Fibra Terrafina's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fibra Terrafina is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fibra Terrafina's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Fibra Terrafina'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x 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 Fibra Terrafina Company Filings, last reported 4 months ago.

OTCPK:CBAO.F Past Debt and Equity Data
Date (Data in MXN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 26,981.87 19,115.85 1,911.18
2018-06-30 29,028.89 19,826.64 2,042.42
2018-03-31 26,636.76 18,623.44 2,035.70
2017-12-31 29,061.56 21,024.43 3,209.04
2017-09-30 26,748.15 19,267.07 6,658.69
2017-06-30 21,022.67 18,526.03 884.05
2017-03-31 22,310.51 19,273.32 1,038.21
2016-12-31 24,780.43 14,654.78 4,297.10
2016-09-30 23,074.99 14,146.45 4,838.82
2016-06-30 22,696.36 13,616.12 4,661.75
2016-03-31 21,242.68 12,276.67 4,454.83
2015-12-31 20,948.57 12,215.63 4,467.86
2015-09-30 20,509.31 11,127.29 4,995.72
2015-06-30 18,765.79 10,229.21 4,833.28
2015-03-31 18,675.51 10,309.89 5,565.75
2014-12-31 18,182.62 10,974.94 5,002.55
2014-09-30 17,008.31 11,601.69 6,445.46
2014-06-30 11,010.48 11,608.65 418.50
2013-12-31 10,658.87 11,987.27 728.55
2012-12-31
  • Fibra Terrafina's level of debt (70.8%) compared to net worth is high (greater than 40%).
  • Unable to establish if Fibra Terrafina's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (14%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).
X
Financial health checks
We assess Fibra Terrafina'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. Fibra Terrafina 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.

CBAO.F Dividends

 What is Fibra Terrafina'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
8.89%
Current annual income from Fibra Terrafina dividends. Estimated to be 10.22% next year.
If you bought $2,000 of Fibra Terrafina shares you are expected to receive $178 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?
  • Fibra Terrafina's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Fibra Terrafina's dividend is above the markets top 25% of dividend payers in United States of America (3.59%).
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:CBAO.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 13 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 185 Stocks 4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1998 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:CBAO.F Future Dividends Estimate Data
Date (Data in MX$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 3.13 1.00
2020-12-31 2.77 9.00
2019-12-31 2.81 11.00
2018-12-31 2.67 13.00
OTCPK:CBAO.F Past Annualized Dividends Data
Date (Data in MX$) Dividend per share (annual) Avg. Yield (%)
2018-02-27 2.445 8.979
2017-03-03 2.290 7.467
2016-04-21 1.980 6.652
2016-02-17 1.909 6.192
2015-02-23 1.928 6.383
2014-08-11 2.307 7.611
2014-05-12 2.098 7.468
2014-03-04 1.136 4.372
2013-11-15 0.066 0.274
2013-10-28 0.661 2.724
2013-08-23 0.658 2.678

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

  • Fibra Terrafina has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Fibra Terrafina only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Fibra Terrafina's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (854.7x coverage).
X
Income/ dividend checks
We assess Fibra Terrafina'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 Fibra Terrafina afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fibra Terrafina has a total score of 4/6, see the detailed checks below.


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

CBAO.F Management

 What is the CEO of Fibra Terrafina'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
Alberto Chretin
AGE 66
TENURE AS CEO 6.1 years
CEO Bio

Mr. Alberto Castillo Chretin serves as the Chairman and Chief Executive Officer of Terrafina. Mr. Chretin is responsible for the preparation of Terrafina business strategy and the execution of its vision, goals and business plan. Prior to joining the firm, he was a Minister of Economy for the state of Chihuahua. Previously, Mr. Chretin was an Executive Advisor of Prudential Real Estate Investors. Prior to this, he was Managing Director at Verde Corporate Realty Services, where his duties included marketing, promotion, leasing, development, investment and property management. Mr. Chretin was the Chief Executive Officer at Intermex, Chihuahua and Executive Director at Parques Industriales de Chihuahua, S.A. de C.V. He has also served as Executive Director of the Mexican Association at Industrial Parks (AMPIP) from 2009 to 2010. Mr. Chretin attended the AD-2 Program at the IPADE Business School and has a Bachelor’s Degree in Management and Mechanical Engineering from the Instituto Tecnológico y de Estudios Superiores de Monterrey.

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

Average tenure and age of the Fibra Terrafina management team in years:

6.1
Average Tenure
48
Average Age
  • The average tenure for the Fibra Terrafina management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Alberto Chretin

TITLE
Chairman & CEO
AGE
66
TENURE
6.1 yrs

Carlos Espinosa

TITLE
Chief Financial Officer
AGE
48
TENURE
1.8 yrs

Francisco Martinez

TITLE
Investor Relations Officer
AGE
39
TENURE
6.1 yrs
Board of Directors Tenure

Average tenure and age of the Fibra Terrafina board of directors in years:

6.1
Average Tenure
57
Average Age
  • The tenure for the Fibra Terrafina board of directors is about average.
Board of Directors

Alberto Chretin

TITLE
Chairman & CEO
AGE
66
TENURE
6.1 yrs

M. Munk

TITLE
Director
AGE
44

Eduardo Solís Sánchez

TITLE
Director
AGE
55
TENURE
6.1 yrs

Jose Barraza Gonzalez

TITLE
Director
AGE
68
TENURE
6.1 yrs

Victor Almeida Garcia

TITLE
Director
AGE
59
TENURE
6.1 yrs

Carmina Abad Sánchez

TITLE
Director
AGE
55
TENURE
2.9 yrs

Julio Cardenas

TITLE
Director
AGE
52
TENURE
1.8 yrs

Arturo Gerardo Ruiz

TITLE
Director
AGE
60
TENURE
6.1 yrs
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 Fibra Terrafina'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. Fibra Terrafina 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.

CBAO.F News

Simply Wall St News

CBAO.F Company Info

Map
Description

Terrafina (BMV:TERRA13) is a Mexican real estate investment trust formed primarily to acquire, develop, lease and manage industrial real estate properties in Mexico. Terrafina’s portfolio consists of attractive, strategically located warehouses and other light manufacturing properties throughout the Central, Bajio and Northern regions of Mexico. It is internally managed by highly-qualified industry specialists and externally advised by PGIM Real Estate. Terrafina owns 299 real estate properties, including 287 developed industrial facilities with a collective GLA of approximately 41.0 million square feet and 12 land reserve parcels, designed to preserve the organic growth capability of the portfolio. Terrafina’s objective is to provide attractive risk-adjusted returns for the holders of its certificates through stable distributions and capital appreciations. Terrafina aims to achieve this objective through a successful performance of its industrial real estate and complementary properties, strategic acquisitions, access to a high level of institutional support, and to its management and corporate governance structure.

Details
Name: Fibra Terrafina
CBAO.F
Exchange: OTCPK
Founded:
MX$1,123,597,826
790,602,803
Website: http://www.terrafina.mx
Address: Fibra Terrafina
Paseo de la Reforma 412,
Piso 18, Col. Col. Juárez,
Mexico City,
Distrito Federal, 06600,
Mexico
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BMV TERRA 13 CBFI Certificates Bolsa Mexicana de Valores MX MXN 21. Mar 2013
OTCPK CBAO.F CBFI Certificates Pink Sheets LLC US USD 21. Mar 2013
Number of employees
Current staff
Staff numbers
0
Fibra Terrafina employees.
Industry
Industrial REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 03:28
End of day share price update: 2019/02/15 00:00
Last estimates confirmation: 2019/02/12
Last earnings filing: 2018/10/25
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.