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FIBRA Macquarie México

OTCPK:DBMB.F
Snowflake Description

Undervalued with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DBMB.F
OTCPK
MX$17B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

FIBRA Macquarie México (FIBRA Macquarie) (BMV:FIBRAMQ) is a real estate investment trust (fideicomiso de inversión en bienes raíces), or FIBRA, listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores) targeting industrial, retail and office real estate opportunities in Mexico, with a primary focus on stabilized income-producing properties. The last earnings update was 59 days ago. More info.


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DBMB.F Share Price and Events
7 Day Returns
-7.1%
OTCPK:DBMB.F
0.3%
US REITs
1.2%
US Market
1 Year Returns
-0.8%
OTCPK:DBMB.F
13.4%
US REITs
0.9%
US Market
DBMB.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FIBRA Macquarie México (DBMB.F) -7.1% 0.5% 9% -0.8% -8.4% -40.4%
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
  • DBMB.F underperformed the REITs industry which returned 13.4% over the past year.
  • DBMB.F underperformed the Market in United States of America which returned 0.9% over the past year.
Price Volatility
DBMB.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for FIBRA Macquarie México's competitors could be found in our database.

Value

 Is FIBRA Macquarie México 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 Macquarie México 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 Macquarie México.

OTCPK:DBMB.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:DBMB.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%) (89.49%))
0.897
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.897 * 7.27%)
9.25%

Discounted Cash Flow Calculation for OTCPK:DBMB.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 Macquarie México 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 Macquarie México 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:DBMB.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Adjusted Funds From Operations (AFFO) (MXN, Millions) 1,966.70 2,160.56 1,964.71 1,996.00 2,315.36
Source Analyst x5 Analyst x3 Analyst x1 Analyst x1 Est @ 16%, capped from 17.01%
Present Value
Discounted (@ 9.25%)
1,800.21 1,810.25 1,506.80 1,401.21 1,487.80
Present value of next 5 years cash flows MX$8,006.27
OTCPK:DBMB.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= MX$2,315.36 × (1 + 2.73%) ÷ (9.25% – 2.73%)
MX$36,490.87
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= MX$36,490.87 ÷ (1 + 9.25%)5
MX$23,448.32
OTCPK:DBMB.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= MX$8,006.27 + MX$23,448.32
MX$31,454.58
Equity Value per Share
(MXN)
= Total value / Shares Outstanding
= MX$31,454.58 / 770.00
MX$1.9
OTCPK:DBMB.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:DBMB.F represents 0.04898x of BMV:FIBRAMQ 12
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.04898x
Value per Share
(Listing Adjusted, USD)
= Value per Share (MXN) x Listing Adjustment Factor
= MX$ 38.73 x 0.04898
$1.90
Value per share (USD) From above. $1.90
Current discount Discount to share price of $1.06
= -1 x ($1.06 - $1.90) / $1.90
44.4%

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

Current Discount
Amount off the current price FIBRA Macquarie México is available for.
Intrinsic value
44%
Share price is $1.06 vs Future cash flow value of $1.9
Current Discount Checks
For FIBRA Macquarie México to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • FIBRA Macquarie México's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • FIBRA Macquarie México's share price is below the future cash flow value, and 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 Macquarie México's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FIBRA Macquarie México's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:DBMB.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in MXN MX$3.93
BMV:FIBRAMQ 12 Share Price ** BMV (2019-02-14) in MXN MX$21.54
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 Macquarie México.

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

= BMV:FIBRAMQ 12 Share Price ÷ EPS (both in MXN)

= 21.54 ÷ 3.93

5.48x

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

  • FIBRA Macquarie México is good value based on earnings compared to the US REITs industry average.
  • FIBRA Macquarie México is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does FIBRA Macquarie México's expected growth come at a high price?
Raw Data
OTCPK:DBMB.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
0.3%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:DBMB.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.48x ÷ 0.3%

18.73x

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

  • FIBRA Macquarie México is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on FIBRA Macquarie México's assets?
Raw Data
OTCPK:DBMB.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in MXN MX$34.39
BMV:FIBRAMQ 12 Share Price * BMV (2019-02-14) in MXN MX$21.54
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:DBMB.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BMV:FIBRAMQ 12 Share Price ÷ Book Value per Share (both in MXN)

= 21.54 ÷ 34.39

0.63x

* Primary Listing of FIBRA Macquarie México.

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

  • FIBRA Macquarie México is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess FIBRA Macquarie México'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 Macquarie México 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.

Future Performance

 How is FIBRA Macquarie México 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
0.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FIBRA Macquarie México expected to grow at an attractive rate?
  • FIBRA Macquarie México's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • FIBRA Macquarie México's earnings growth is positive but not above the United States of America market average.
  • FIBRA Macquarie México's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:DBMB.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:DBMB.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 0.3%
OTCPK:DBMB.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 2.5%
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:DBMB.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:DBMB.F Future Estimates Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 3,969 1
2021-12-31 3,955 1
2020-12-31 3,730 2,458 2,601 11
2019-12-31 3,679 2,384 2,479 13
2018-12-31 3,561 1,779 2,360 13
OTCPK:DBMB.F Past Financials Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income *
2018-09-30 3,611 2,939 3,115
2018-06-30 3,611 2,713 4,649
2018-03-31 3,603 2,644 2,503
2017-12-31 3,616 2,834 1,840
2017-09-30 3,635 2,756 1,195
2017-06-30 3,638 2,927 1,278
2017-03-31 3,505 3,423 3,083
2016-12-31 3,501 3,245 4,961
2016-09-30 3,312 3,113 4,108
2016-06-30 3,209 2,785 4,957
2016-03-31 3,032 2,188 3,913
2015-12-31 2,807 2,124 3,908

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • FIBRA Macquarie México's earnings are expected to grow by 0.3% yearly, however this is not considered high growth (20% yearly).
  • FIBRA Macquarie México's revenue is expected to grow by 2.5% 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:DBMB.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 Macquarie México Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:DBMB.F Future Estimates Data
Date (Data in MXN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 3.34 4.29 2.58 4.00
2019-12-31 3.30 3.91 2.56 4.00
2018-12-31 3.01 5.00 1.70 3.00
OTCPK:DBMB.F Past Financials Data
Date (Data in MXN Millions) EPS *
2018-09-30 3.93
2018-06-30 5.82
2018-03-31 3.11
2017-12-31 2.27
2017-09-30 1.47
2017-06-30 1.57
2017-03-31 3.80
2016-12-31 6.11
2016-09-30 5.07
2016-06-30 6.11
2016-03-31 4.82
2015-12-31 4.82

*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 Macquarie México is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess FIBRA Macquarie México'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 Macquarie México 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 FIBRA Macquarie México 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 Macquarie México'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 Macquarie México's year on year earnings growth rate has been positive over the past 5 years.
  • FIBRA Macquarie México's 1-year earnings growth exceeds its 5-year average (160.6% vs 8.1%)
  • FIBRA Macquarie México's earnings growth has exceeded the US REITs industry average in the past year (160.6% vs 17.3%).
Earnings and Revenue History
FIBRA Macquarie México'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 Macquarie México Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:DBMB.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 3,610.68 3,115.33 337.63
2018-06-30 3,610.85 4,649.18 224.36
2018-03-31 3,603.31 2,502.83 378.41
2017-12-31 3,615.90 1,840.30 238.50
2017-09-30 3,634.57 1,195.38 630.17
2017-06-30 3,638.33 1,277.82 525.77
2017-03-31 3,505.09 3,083.05 59.34
2016-12-31 3,500.59 4,960.52 245.58
2016-09-30 3,311.89 4,108.35 68.41
2016-06-30 3,208.91 4,956.93 56.49
2016-03-31 3,032.32 3,913.26 53.13
2015-12-31 2,807.38 3,908.49 49.39
2015-09-30 2,657.65 4,847.59 38.04
2015-06-30 2,457.31 4,051.88 41.10
2015-03-31 2,331.93 3,640.31 48.01
2014-12-31 2,239.96 3,280.20 53.02
2014-09-30 2,116.14 1,476.68 69.53
2014-06-30 1,973.00 709.92 80.20
2014-03-31 1,838.70 1,206.89 69.60
2013-12-31 1,712.20 1,067.34 60.77
2012-12-31 936.42 -4,350.59 57.48

*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 Macquarie México has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • FIBRA Macquarie México used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • FIBRA Macquarie México has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess FIBRA Macquarie México'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 Macquarie México has a total score of 5/6, 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 FIBRA Macquarie México'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 Macquarie México's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • FIBRA Macquarie México is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • FIBRA Macquarie México's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of FIBRA Macquarie México'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 Macquarie México Company Filings, last reported 4 months ago.

OTCPK:DBMB.F Past Debt and Equity Data
Date (Data in MXN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 26,694.52 14,842.03 706.06
2018-06-30 27,862.61 16,444.66 342.88
2018-03-31 26,274.37 15,177.50 349.39
2017-12-31 27,359.04 16,318.55 417.53
2017-09-30 25,463.27 15,493.85 586.49
2017-06-30 24,950.46 15,248.80 455.77
2017-03-31 25,391.04 16,032.56 413.83
2016-12-31 27,036.69 18,014.43 612.44
2016-09-30 25,661.52 16,699.53 481.37
2016-06-30 25,057.52 16,597.78 719.63
2016-03-31 23,735.98 16,529.15 1,817.73
2015-12-31 23,520.40 16,346.99 2,223.29
2015-09-30 22,985.22 16,160.90 2,316.09
2015-06-30 21,483.96 14,865.03 4,521.45
2015-03-31 21,143.18 14,488.33 4,621.77
2014-12-31 20,852.92 14,091.74 5,425.06
2014-09-30 19,327.18 12,956.83 5,550.82
2014-06-30 13,891.78 12,574.85 798.15
2014-03-31 13,955.74 13,134.17 924.45
2013-12-31 14,016.04 12,987.11 2,118.35
2012-12-31 11,396.82 10,564.65 1,324.88
  • FIBRA Macquarie México's level of debt (55.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (92.7% vs 55.6% today).
  • Debt is not well covered by operating cash flow (19.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.5x coverage).
X
Financial health checks
We assess FIBRA Macquarie México'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 Macquarie México has a total score of 3/6, 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 FIBRA Macquarie México'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
7.43%
Current annual income from FIBRA Macquarie México dividends. Estimated to be 7.94% next year.
If you bought $2,000 of FIBRA Macquarie México shares you are expected to receive $149 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 Macquarie México's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • FIBRA Macquarie México'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:DBMB.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:DBMB.F Future Dividends Estimate Data
Date (Data in MX$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 1.92 1.00
2020-12-31 1.74 11.00
2019-12-31 1.67 13.00
2018-12-31 1.57 14.00
OTCPK:DBMB.F Past Annualized Dividends Data
Date (Data in MX$) Dividend per share (annual) Avg. Yield (%)
2018-07-26 1.600 7.984
2018-04-27 1.560 7.808
2018-02-22 1.560 7.750
2017-10-26 1.500 7.060
2017-02-23 1.760 8.153
2016-04-20 1.628 7.152
2016-02-25 1.628 7.103
2015-04-23 1.658 7.393
2015-02-26 1.658 6.840
2014-07-28 1.900 7.731
2014-04-29 1.900 7.307
2014-04-28 1.470 6.016
2014-02-26 1.470 6.190
2013-10-25 1.520 6.386
2013-07-25 1.520 6.432
2013-04-26 1.400 4.801

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

  • FIBRA Macquarie México 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 Macquarie México only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of FIBRA Macquarie México's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (1204.8x coverage).
X
Income/ dividend checks
We assess FIBRA Macquarie México'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 Macquarie México afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FIBRA Macquarie México 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 FIBRA Macquarie México'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
Juan Monroy
AGE 43
TENURE AS CEO 3.6 years
CEO Bio

Mr. Juan Alfredo Monroy began working at FIBRA Macquarie México (“Macquarie”) in 2012. He serves as Chief Executive Officer and Director General of Macquarie México Real Estate Management, S.A. de C.V. at FIBRA Macquarie México. Prior to joining Macquarie, Mr. Monroy was a Partner in real estate investment platforms focused on residential and retail real estate development, primarily in Mexico City. Mr. Monroy was a Director of Acquisitions at Acadia Realty Trust. Previously, Mr. Monroy was Vice President of international operations at Loews Cineplex Entertainment (“Loews”). Mr. Monroy has also served as a private equity professional at Onex Investment Corp. (“Onex”). Both at Onex and Loews, Mr. Monroy was involved in several mergers and acquisitions and real estate transactions in North America, Europe and Asia. Mr. Monroy received his BA in Business and Finance from the Instituto Tecnológico de Estudios Superiores de Monterrey (“ITESM”) where he graduated with honors. He received his MBA from NYU Stern Business School and completed the Real Estate Management Program at Harvard Business School. Mr. Monroy has also served as a Professor at ITESM.

CEO Compensation
  • Insufficient data for Juan to compare compensation growth.
  • Insufficient data for Juan 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 Macquarie México management team in years:

3.6
Average Tenure
41.5
Average Age
  • The tenure for the FIBRA Macquarie México management team is about average.
Management Team

Juan Monroy

TITLE
CEO & Director General of Macquarie México Real Estate Management
AGE
43
TENURE
3.6 yrs

Simon Hanna

TITLE
Chief Financial Officer of Macquarie México Real Estate Management
AGE
40
TENURE
5.3 yrs

Evelyn Infurna

TITLE
Managing Director

Roman Ajzen

TITLE
Legal Director & Secretary of Macquarie México Real Estate Management
AGE
35
TENURE
3.1 yrs

Peter Gaul

TITLE
Head of Real Estate Operations of Macquarie México Real Estate Management SA De CV
AGE
58
Board of Directors

Matthew Banks

TITLE
Chairman of the Board - Macquarie México Real Estate Management
AGE
56

Martin Stephen Stanley

TITLE
Director of Macquarie México Real Estate Management
AGE
54

Graeme Conway

TITLE
Director of Macquarie México Real Estate Management
AGE
43
TENURE
5 yrs

Nick O'Neil

TITLE
Director of Macquarie México Real Estate Management
AGE
39

Jonathan Arzac

TITLE
Director of Macquarie México Real Estate Management
AGE
65
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 Macquarie México'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 Macquarie México 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

Map
Description

FIBRA Macquarie México (FIBRA Macquarie) (BMV:FIBRAMQ) is a real estate investment trust (fideicomiso de inversión en bienes raíces), or FIBRA, listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores) targeting industrial, retail and office real estate opportunities in Mexico, with a primary focus on stabilized income-producing properties. FIBRA Macquarie’s portfolio consists of 236 industrial properties and 17 retail/office properties, located in 20 cities across 16 Mexican states as of July 26, 2018. Nine of the retail/office properties are held through a 50/50 joint venture.

Details
Name: FIBRA Macquarie México
DBMB.F
Exchange: OTCPK
Founded:
MX$856,837,320
770,000,000
Website: http://www.fibramacquarie.com
Address: FIBRA Macquarie México
Pedregal 24,
Piso 21,
México City,
Distrito Federal, 11040,
Mexico
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BMV FIBRAMQ 12 CBFI Certificates Bolsa Mexicana de Valores MX MXN 19. Dec 2012
OTCPK DBMB.F CBFI Certificates Pink Sheets LLC US USD 19. Dec 2012
Number of employees
Current staff
Staff numbers
65
FIBRA Macquarie México employees.
Industry
Industrial REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 03:11
End of day share price update: 2019/02/14 00:00
Last estimates confirmation: 2019/02/12
Last earnings filing: 2018/12/21
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.