Financials GMéxico Transportes, S.A.B. de C.V.

Equities

GMXT *

MX01GM1Z0019

Ground Freight & Logistics

End-of-day quote Mexican S.E. Other stock markets 13/09/2024			5-day change	1st Jan Change
32.85 ^MXN	+0.61%		-0.18%	-14.01%

07-22	Copper prices, output drive Grupo Mexico profit jump	RE
07-19	GMéxico Transportes, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI

Projected Income Statement: GMéxico Transportes, S.A.B. de C.V.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,497	2,307	2,475	2,897	3,287	3,572	3,798	4,030
Change	-	-7.6%	7.29%	17.05%	13.46%	8.65%	6.34%	6.11%
EBITDA ¹	1,107	1,008	1,103	1,322	1,485	1,546	1,728	1,888
Change	-	-8.94%	9.41%	19.89%	12.3%	4.11%	11.81%	9.26%
EBIT ¹	714.7	655.7	764.3	934.9	1,035	1,168	1,242	1,472
Change	-	-8.26%	16.55%	22.33%	10.69%	12.87%	6.3%	18.59%
Interest Paid ¹	-123.1	-94.42	-99.11	-126.3	-120.4	-103	-87	-73
Earnings before Tax (EBT)	582.2	532.1	666.7	813.1	921.2	-	-	-
Change	-	-8.6%	25.3%	21.96%	13.29%	-100%	-	-
Net income ¹	316.5	295.7	366.4	522.3	499.1	604.1	673.3	910.3
Change	-	-6.56%	23.88%	42.55%	-4.43%	21.03%	11.46%	35.21%
Announcement Date	25/02/20	22/01/21	26/01/22	25/01/23	31/01/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	652.7	633.3	484.3	502.5	566.1	558.4	606.7	639.9	646.9	632.8	646.1	657.1	709.6	730.3	790	851.8	767.5	803.1	875.4	845	924.1	911.7	957.8	-	-	-
Change	-	-2.97%	-23.52%	3.75%	12.66%	-1.36%	8.65%	5.47%	1.09%	-2.18%	2.11%	1.71%	7.98%	2.92%	8.18%	7.82%	-9.9%	4.64%	9%	-3.47%	9.35%	-1.33%	5.05%	-100%	-	-
EBITDA ¹	281.6	281.6	224.5	221.5	251	241.4	270.7	291.1	289.7	274.2	298.6	290	331.2	332.2	379.6	400.9	335.1	335.3	394.9	350.5	401	386	441.3	452	435	421
Change	-	0.03%	-20.28%	-1.34%	13.3%	-3.82%	12.13%	7.56%	-0.48%	-5.37%	8.89%	-2.87%	14.2%	0.3%	14.27%	5.64%	-16.43%	0.06%	17.78%	-11.23%	14.39%	-3.74%	14.34%	2.41%	-3.76%	-3.22%
EBIT ¹	193.3	193.1	153.7	121.7	169.2	153.2	182.4	204.7	203.8	189	211.4	200.8	239.1	233.9	275.4	259.6	229.6	216.7	274.8	232.4	262.4	240.6	285.9	-	-	-
Change	-	-0.15%	-20.38%	-20.85%	39.07%	-9.45%	19.07%	12.18%	-0.42%	-7.24%	11.82%	-5%	19.07%	-2.16%	17.74%	-5.74%	-11.55%	-5.65%	26.81%	-15.42%	12.89%	-8.29%	18.84%	-100%	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income ¹	73.32	90.06	77.33	49.49	72.57	69	84.06	102.3	96.82	90.74	98.27	99.41	148.4	150.3	116.6	127	131.7	111.6	141.6	127.8	134.7	124.5	152.9	-	-	-
Change	-	22.82%	-14.13%	-36%	46.62%	-4.91%	21.82%	21.66%	-5.32%	-6.28%	8.3%	1.16%	49.31%	1.25%	-22.4%	8.87%	3.75%	-15.3%	26.89%	-9.74%	5.41%	-7.57%	22.83%	-100%	-	-
Announcement Date	23/10/19	25/02/20	24/04/20	28/07/20	26/10/20	22/01/21	20/04/21	22/07/21	22/10/21	26/01/22	28/04/22	26/07/22	24/10/22	25/01/23	24/04/23	26/07/23	18/10/23	31/01/24	25/04/24	19/07/24	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: GMéxico Transportes, S.A.B. de C.V.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,280	96.6	1,157	774	1,114	1,146	990	769
Change	-	-92.45%	1,097.72%	-33.1%	43.93%	2.91%	-13.61%	-22.32%
Announcement Date	25/02/20	22/01/21	26/01/22	25/01/23	31/01/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: GMéxico Transportes, S.A.B. de C.V.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	346.9	290.2	323.8	404.7	442.8	485.2	495.9	515.6
Change	-	-16.33%	11.57%	24.99%	9.43%	9.56%	2.21%	3.97%
Free Cash Flow (FCF) ¹	493.5	616	603.5	1,137	638.9	-	908.9	941.9
Change	-	24.81%	-2.03%	88.4%	-43.8%	-100%	-	3.63%
Announcement Date	25/02/20	22/01/21	26/01/22	25/01/23	31/01/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: GMéxico Transportes, S.A.B. de C.V.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	44.33%	43.69%	44.55%	45.64%	45.17%	43.28%	45.51%	46.86%
EBIT Margin (%)	28.63%	28.42%	30.87%	32.27%	31.48%	32.7%	32.69%	36.54%
EBT Margin (%)	23.32%	23.06%	26.93%	28.06%	28.02%	-	-	-
Net margin (%)	12.68%	12.82%	14.8%	18.03%	15.18%	16.91%	17.73%	22.59%
FCF margin (%)	19.77%	26.7%	24.38%	39.24%	19.44%	-	23.93%	23.37%
FCF / Net Income (%)	155.94%	208.29%	164.72%	217.7%	128.02%	-	134.99%	103.46%
Profitability
ROA	5.53%	5.32%	-	-	7.09%	-	-	-
ROE	11.89%	11.56%	14.15%	16.77%	14.51%	17.67%	20.93%	21.83%
Financial Health
Leverage (Debt/EBITDA)	1.16x	0.1x	1.05x	0.59x	0.75x	0.74x	0.57x	0.41x
Debt / Free cash flow	2.59x	0.16x	1.92x	0.68x	1.74x	-	1.09x	0.82x
Capital Intensity
CAPEX / Current Assets (%)	13.89%	12.58%	13.08%	13.97%	13.47%	13.58%	13.06%	12.79%
CAPEX / EBITDA (%)	31.33%	28.79%	29.36%	30.6%	29.82%	31.39%	28.69%	27.3%
CAPEX / FCF (%)	70.28%	47.11%	53.65%	35.59%	69.31%	-	54.56%	54.74%
Items per share
Cash flow per share ¹	0.205	0.221	0.2261	0.3528	0.2475	0.3541	0.3112	0.3875
Change	-	7.81%	2.34%	56.03%	-29.84%	43.05%	-12.11%	24.51%
Dividend per Share ¹	0.0629	0.0525	0.0798	0.1065	-	0.1129	0.1226	0.1292
Change	-	-16.47%	51.92%	33.44%	-	-	8.65%	5.37%
Book Value Per Share ¹	0.6448	0.6374	0.6466	0.7619	0.7406	0.7585	0.7552	0.7614
Change	-	-1.14%	1.43%	17.84%	-2.79%	2.41%	-0.44%	0.82%
EPS ¹	0.0772	0.0721	0.0908	0.12	0.1152	0.1336	0.1365	0.1553
Change	-	-6.57%	25.96%	32.08%	-3.94%	15.88%	2.18%	13.83%
Nbr of stocks (in thousands)	4,100,595	4,100,595	4,100,595	4,369,940	4,369,940	4,369,940	4,369,940	4,369,940
Announcement Date	25/02/20	22/01/21	26/01/22	25/01/23	31/01/24	-	-	-