Financials Desarrolladora Homex, S.A.B. de C.V.

Equities

HOMEX *

MX01HO000007

Real Estate Development & Operations

End-of-day quote Mexican S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
0.012 MXN +9.09% Intraday chart for Desarrolladora Homex, S.A.B. de C.V. 0.00% -7.69%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 611.1 829.2 484.4 215.9 295.1 142.2
Enterprise Value (EV) 1 3,586 2,667 1,568 1,468 352.2 246.2
P/E ratio 0.45 x 0.91 x 0.94 x 0.52 x 0.25 x -28.8 x
Yield - - - - - -
Capitalization / Revenue 1.45 x 0.77 x 0.41 x 0.22 x 0.27 x 0.15 x
EV / Revenue 8.49 x 2.48 x 1.33 x 1.5 x 0.33 x 0.25 x
EV / EBITDA 2.76 x -13.5 x -4 x 3.3 x 1.12 x 13.2 x
EV / FCF 4.95 x -1.27 x -11.2 x 3.34 x -0.55 x -14.1 x
FCF Yield 20.2% -78.9% -8.92% 29.9% -183% -7.07%
Price to Book -0.18 x -0.32 x -0.25 x -0.14 x 2.71 x 2.02 x
Nbr of stocks (in thousands) 976,274 5,564,851 5,265,527 5,265,527 5,465,497 5,265,527
Reference price 2 0.6260 0.1490 0.0920 0.0410 0.0540 0.0270
Announcement Date 4/30/18 4/30/19 4/29/20 4/30/21 4/29/22 5/2/23
1MXN in Million2MXN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 422.4 1,074 1,182 979.9 1,082 977.1
EBITDA 1 1,300 -196.9 -392.1 445.1 313.6 18.66
EBIT 1 1,282 -208.8 -400.7 425.9 292.2 -9.274
Operating Margin 303.45% -19.43% -33.91% 43.46% 27.01% -0.95%
Earnings before Tax (EBT) 1 1,128 1,027 -432.1 411.3 250.1 -2.407
Net income 1 1,008 861.5 517.7 413.7 1,159 -7.122
Net margin 238.75% 80.2% 43.81% 42.21% 107.14% -0.73%
EPS 2 1.399 0.1636 0.0983 0.0786 0.2201 -0.000939
Free Cash Flow 1 723.9 -2,106 -139.9 439 -645.6 -17.41
FCF margin 171.39% -196.01% -11.84% 44.8% -59.69% -1.78%
FCF Conversion (EBITDA) 55.67% - - 98.62% - -
FCF Conversion (Net income) 71.79% - - 106.12% - -
Dividend per Share - - - - - -
Announcement Date 4/30/18 4/30/19 4/29/20 4/30/21 4/29/22 5/2/23
1MXN in Million2MXN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 2,975 1,838 1,084 1,252 57.1 104
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.288 x -9.332 x -2.764 x 2.813 x 0.182 x 5.573 x
Free Cash Flow 1 724 -2,106 -140 439 -646 -17.4
ROE (net income / shareholders' equity) -17.9% -29.2% -23.5% -23.8% -34.2% -2.5%
ROA (Net income/ Total Assets) 12.5% -2.51% -6.44% 7.8% 8.79% -0.52%
Assets 1 8,091 -34,377 -8,043 5,306 13,188 1,376
Book Value Per Share 2 -3.460 -0.4600 -0.3700 -0.2900 0.0200 0.0100
Cash Flow per Share 2 0.0400 0.0200 0 0.0100 0.0100 0.0100
Capex 1 9.68 258 4.56 10.9 2.65 16.6
Capex / Sales 2.29% 23.97% 0.39% 1.12% 0.24% 1.7%
Announcement Date 4/30/18 4/30/19 4/29/20 4/30/21 4/29/22 5/2/23
1MXN in Million2MXN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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