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4-Traders Homepage  >  Equities  >  Mexican Stock Exchange  >  Wal-mart de Mexico S A B de C V    WALMEX V   MXP810081010

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Wal-mart de Mexico S A B de C V : Mexico Stocks End Lower On Wal-Mart Mexico Probe, Europe Woes

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04/23/2012 | 11:12pm CEST

--IPC index falls 1% to 38962 points

--Europe debt crisis and political issues in Holland and France drive risk fears

--Wal-Mart de Mexico tumbles 12% on bribery probe; America Movil gains

 
   By Laurence Iliff 
   Of  
 

Mexican stocks closed sharply lower Monday amid a global risk selloff, with Europe debt concerns compounded locally by planned probes into Wal-Mart de Mexico on allegations that the nation's top retailer may have used bribes to secure permits allowing for its rapid growth.

The V shares of Walmex, as the retailer is sometimes called, lost 12% to MXN37.89. After the market close, Walmex reported a first-quarter net profit of 4.71 billion pesos ($357.5 million), for a 4.5% increase compared with the same quarter last year.

The IPC index of the leading 35 issues lost 1% on the day to 38962 points on heavy volume of 347.8 million shares valued at MXN11.21 billion. Walmex stock is the second most heavily weighted issue on the IPC after wireless company America Movil. The L shares of Latin America's largest cellular provider rose 2.9% to MXN16.47.

Amid other heavyweights, the CPO shares of cement and building-materials maker Cemex lost 0.9% to MXN8.83, and the B shares of copper miner and railways operator Grupo Mexico slipped 1.2% to MXN40.30.

The shares of retailers that compete most directly with Wal-Mart de Mexico posted gains. The B shares of Soriana added 2.4% to MXN38.82, and the UBC shares of Comercial Mexicana, or Comerci, rose 1.8% to MXN27.84. Smaller retailer Chedraui B shares were off 1.2% to MXN33.73.

Europe and its ongoing debt crisis continued to inject gloom into local markets like equities and the Mexican peso as investors kept a distance from investments seen as relatively risky. Data showed that business activity in the euro zone's private sector contracted the most in five months in April, and France and the Netherlands are coming under political pressure to ease their budget-cutting plans.

The Mexican peso lost ground against the U.S. dollar, which was quoted in Mexico City at MXN13.1760, according to Infosel, compared with Friday's close of MXN13.0970.

-By Laurence Iliff, Dow Jones Newswires; (52-55) 5980-5184, [email protected]

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Financials ( MXN)
Sales 2017 573 B
EBIT 2017 43 003 M
Net income 2017 34 773 M
Finance 2017 8 439 M
Yield 2017 5,80%
P/E ratio 2017 21,12
P/E ratio 2018 21,86
EV / Sales 2017 1,26x
EV / Sales 2018 1,16x
Capitalization 732 B
Chart WAL-MART DE MEXICO S A B D
Duration : Period :
Wal-mart de Mexico S A B d Technical Analysis Chart | WALMEX V | MXP810081010 | 4-Traders
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 46,0  MXN
Spread / Average Target 9,6%
EPS Revisions
Managers
NameTitle
Guilherme Loureiro President, Chief Executive Officer & Director
Enrique Ostalé Cambiaso Executive Chairman
Juan Carlos Alarcón Vice President-Operations & Human Resources
Olga González Aponte Chief Financial Officer
Blanca Avelina Treviño de Vega Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
WAL-MART DE MEXICO S A B DE C V0.00%41 250
COSTCO WHOLESALE CORPORATION1.37%70 574
WAL-MART DE MEXICO S A B DE C V11.28%41 250
TARGET CORPORATION-16.99%32 277
DOLLAR GENERAL CORP.4.77%21 117
DOLLARAMA INC39.47%12 568