Financials Axtel, S.A.B. de C.V.

Equities

AXTEL CPO

MX01AX040009

Integrated Telecommunications Services

End-of-day quote Mexican S.E. 23:00:00 25/04/2024 BST 5-day change 1st Jan Change
0.9 MXN 0.00% Intraday chart for Axtel, S.A.B. de C.V. +6.13% +33.73%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,715 17,655 10,960 3,880 1,903 2,545 - -
Enterprise Value (EV) 1 22,685 29,434 22,589 14,218 1,903 11,137 10,772 2,545
P/E ratio -43.9 x 44.5 x -96.8 x -685 x 33.7 x - 9 x 9 x
Yield - - - - - - - -
Capitalization / Revenue 0.68 x 1.43 x 0.96 x 0.37 x 0.17 x 0.22 x 0.23 x 0.22 x
EV / Revenue 1.77 x 2.38 x 1.98 x 1.36 x 0.17 x 0.98 x 0.96 x 0.22 x
EV / EBITDA 5.08 x 4.65 x 5.96 x 4.72 x 0.63 x 3.34 x 3.23 x 0.74 x
EV / FCF 19 x 11.3 x 11.3 x 7.48 x - 7.5 x 7.4 x 1.29 x
FCF Yield 5.27% 8.89% 8.86% 13.4% - 13.3% 13.5% 77.8%
Price to Book 2.58 x - - - - - - -
Nbr of stocks (in thousands) 2,838,917 2,833,867 2,832,034 2,832,034 2,827,900 2,827,900 - -
Reference price 2 3.070 6.230 3.870 1.370 0.6730 0.9000 0.9000 0.9000
Announcement Date 12/02/20 11/02/21 15/02/22 15/02/23 07/02/24 - - -
1MXN in Million2MXN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 12,784 12,356 11,389 10,480 10,956 11,340 11,233 11,528
EBITDA 1 4,466 6,327 3,793 3,011 3,042 3,334 3,336 3,424
EBIT 1 774 2,772 292 173.9 - 1,006 1,312 1,567
Operating Margin 6.05% 22.43% 2.56% 1.66% - 8.87% 11.68% 13.59%
Earnings before Tax (EBT) -353 1,154 -1,149 -87.05 - - - -
Net income 1 -14 361 -797 -38.81 - -73 132 330
Net margin -0.11% 2.92% -7% -0.37% - -0.64% 1.18% 2.86%
EPS 2 -0.0700 0.1400 -0.0400 -0.002000 0.0200 - 0.1000 0.1000
Free Cash Flow 1 1,195 2,616 2,001 1,901 - 1,484 1,455 1,979
FCF margin 9.35% 21.17% 17.57% 18.14% - 13.09% 12.95% 17.17%
FCF Conversion (EBITDA) 26.75% 41.34% 52.76% 63.14% - 44.5% 43.62% 57.8%
FCF Conversion (Net income) - 724.61% - - - - 1,102.27% 599.7%
Dividend per Share - - - - - - - -
Announcement Date 12/02/20 11/02/21 15/02/22 15/02/23 07/02/24 - - -
1MXN in Million2MXN
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2024 Q1
Net sales 2,759 2,812 2,547 2,544 2,736 2,652 2,746 2,631 2,782 -
EBITDA 912 824 717 701 790 803 736 764 801 -
EBIT - - - - - - - - - -
Operating Margin - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - -
Net income - - 111.1 -171.3 -115.5 136.9 221.2 63.45 -125.5 -
Net margin - - 4.36% -6.73% -4.22% 5.16% 8.06% 2.41% -4.51% -
EPS 1 - - 0.0100 -0.0100 -0.0100 0.0100 0.0100 0.0100 -0.0500 0.0200
Dividend per Share - - - - - - - - - -
Announcement Date 20/10/21 15/02/22 25/04/22 21/07/22 20/10/22 15/02/23 25/04/23 26/07/23 19/10/23 -
1MXN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 13,969 11,779 11,629 10,338 - 8,592 8,227 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.128 x 1.862 x 3.066 x 3.433 x - 2.577 x 2.466 x -
Free Cash Flow 1 1,195 2,616 2,001 1,901 - 1,484 1,455 1,979
ROE (net income / shareholders' equity) -9.61% 10.5% -25% -1.36% - - - -
ROA (Net income/ Total Assets) -0.05% - - - - - - -
Assets 1 26,365 - - - - - - -
Book Value Per Share 1.190 - - - - - - -
Cash Flow per Share 1.030 1.630 1.160 1.130 - - - -
Capex 1 1,762 1,592 1,291 1,307 1,311 1,367 1,357 1,376
Capex / Sales 13.78% 12.88% 11.33% 12.47% 11.97% 12.06% 12.08% 11.94%
Announcement Date 12/02/20 11/02/21 15/02/22 15/02/23 07/02/24 - - -
1MXN in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
2
Last Close Price
0.9 MXN
Average target price
1.7 MXN
Spread / Average Target
+88.89%
Consensus
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