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.
Good value average dividend payer.
Share Price & News
How has FIBRA Macquarie México's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DBMB.F has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: DBMB.F exceeded the US REITs industry which returned 16.2% over the past year.
Return vs Market: DBMB.F exceeded the US Market which returned 20.1% over the past year.
Price Volatility Vs. Market
How volatile is FIBRA Macquarie México's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is FIBRA Macquarie México undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DBMB.F ($1.45) is trading below our estimate of fair value ($2.66)
Significantly Below Fair Value: DBMB.F is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DBMB.F is poor value based on its PE Ratio (39.3x) compared to the REITs industry average (37.3x).
PE vs Market: DBMB.F is poor value based on its PE Ratio (39.3x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: DBMB.F is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: DBMB.F is good value based on its PB Ratio (0.8x) compared to the US REITs industry average (2.1x).
How is FIBRA Macquarie México forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DBMB.F's forecast earnings growth (55.7% per year) is above the savings rate (1.7%).
Earnings vs Market: DBMB.F's earnings (55.7% per year) are forecast to grow faster than the US market (14.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: DBMB.F's revenue (3.4% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: DBMB.F's revenue (3.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DBMB.F's Return on Equity is forecast to be low in 3 years time (7.9%).
How has FIBRA Macquarie México performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DBMB.F has a large one-off loss of MX$538.1M impacting its December 31 2019 financial results.
Growing Profit Margin: DBMB.F's current net profit margins (14.3%) are lower than last year (53.6%).
Past Earnings Growth Analysis
Earnings Trend: DBMB.F's earnings have declined by -19.3% per year over the past 5 years.
Accelerating Growth: DBMB.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DBMB.F had negative earnings growth (-72.4%) over the past year, making it difficult to compare to the REITs industry average (6.9%).
Return on Equity
High ROE: DBMB.F's Return on Equity (2%) is considered low.
Return on Assets
Return on Capital Employed
How is FIBRA Macquarie México's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: DBMB.F has a high level of physical assets or inventory.
Debt Coverage by Assets: DBMB.F's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: DBMB.F's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if DBMB.F has a sufficient allowance for bad loans.
Low Risk Liabilities: DBMB.F reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if DBMB.F has an acceptable proportion of non-loan assets held.
Low Risk Deposits: DBMB.F has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if DBMB.F has an appropriate level of bad loans.
What is FIBRA Macquarie México's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: DBMB.F's dividend (6.63%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: DBMB.F's dividend (6.63%) is in the top 25% of dividend payers in the US market (3.69%)
Stability and Growth of Payments
Stable Dividend: DBMB.F has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: DBMB.F's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.7%), DBMB.F's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DBMB.F's dividends in 3 years are forecast to be thoroughly covered by earnings (0.09% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Juan Alfredo Monroy (44yo)
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 ...
|CEO & Director General of Macquarie México Real Estate Management||4.6yrs||no data||no data|
|Chief Financial Officer of Macquarie México Real Estate Management||6.3yrs||no data||no data|
|Managing Director||0yrs||no data||no data|
|General Counsel & Secretary of Macquarie México Real Estate Management||4.1yrs||no data||no data|
Experienced Management: DBMB.F's management team is considered experienced (4.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
FIBRA Macquarie México's company bio, employee growth, exchange listings and data sources
- Name: FIBRA Macquarie México
- Ticker: DBMB.F
- Exchange: OTCPK
- Industry: Industrial REITs
- Sector: Real Estate
- Market Cap: Mex$21.018b
- Listing Market Cap: Mex$1.132b
- Shares outstanding: 765.69m
- Website: https://www.fibramacquarie.com
Number of Employees
- FIBRA Macquarie México
- Pedregal 24
- Piso 21
- México City
- Distrito Federal
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FIBRAMQ 12||BMV (Bolsa Mexicana de Valores)||Yes||CBFI Certificates||MX||MXN||Dec 2012|
|DBMB.F||OTCPK (Pink Sheets LLC)||Yes||CBFI Certificates||US||USD||Dec 2012|
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 235 industrial properties and 17 retail properties, located in 20 cities across 16 Mexican states as of December 31, 2019. Nine of the retail properties are held through a 50/50 joint venture.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/18 00:52|
|End of Day Share Price||2020/02/12 00:00|
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.