Análisis y Estrategia - Casa de Bolsa Banorte

Equipo de Análisis y Estrategia (55) 5268 9000analisisyestrategia@ixe.com.mxMéxico - Empresas Cotizadas en la Bolsa Mexicana de Valores (BMV)Inf. General Var. % Precio Múltiplos FV / EbitdaMax Año 12MFV /Prom. 5Bur Adr IPC P$ Sem Mes Año 12M 24M USD USD P / U P / Un Ebitda P / VL AñosPapel 9.1 39.0 105.3 72.5 -12.0 122.8 77.5 N.S. N.S. 5.91 0.36 6.88 5.44 253 432Pappel * - 11.23 9.1 39.0 105.3 72.5 -11.4 122.8 77.5 N.S. N.S. 5.91 0.36 8.75 T 5.44 253 432 290Quimicas 4.2 4.9 34.5 47.5 0.0 45.9 51.8 31.32 25.15 13.40 4.06 8.83 9.28 9,977 13,441Alpek A 0.54 34.61 0.8 3.0 -2.8 2.78 X 8.67 5,694 7,118 2,118Cydsasa A - 42.42 11.6 21.2 42.5 57.3 -0.9 54.6 61.9 13.19 9.03 7.85 1.55 4.73 T 7.30 659 780 200Mexchem * +- 1.93 64.45 5.9 5.1 46.8 61.2 -1.5 59.3 65.9 33.81 28.14 12.61 4.50 9.21 X 9.79 9,212 11,344 1,840Qbindus A -- 2.60 0.0 0.0 0.0 0.0 0.0 8.5 2.9 N.S. N.S. 38.06 N.S. N.S. T 45.67 106 151 524Siderurgicas 0.4 -3.1 9.6 47.3 -19.7 18.9 51.6 7.64 6.14 4.73 0.84 5.17 4.92 4,855 5,535Ahmsa * 2.52 0.0 0.0 0.0 0.0 0.0 8.5 2.9 0.94 0.85 2.53 0.04 2.06 T 2.54 70 1,224 358Ich B +- 0.55 77.94 -3.2 2.5 66.1 97.4 -3.9 80.2 103.1 9.58 6.83 6.94 1.31 8.28 X 7.47 2,638 2,530 436Simec B +- 55.54 1.9 6.8 65.2 94.2 -1.2 79.2 99.8 7.51 6.67 5.52 1.17 10.38 X 5.84 2,147 1,781 498Ts * - 261.80 0.7 -4.5 2.7 40.5 -28.3 11.4 44.6Telefonia -1.3 1.0 4.3 4.3 -9.3 13.1 7.3 15.95 16.41 6.42 4.12 7.01 6.29 115,982 153,799Amx L + 0:0 23.6 16.63 -1.5 0.8 5.1 6.5 -10.9 14.1 9.6 15.60 15.51 6.51 4.51 7.29 X 6.33 98,237 130,084 76,049Axtel CPO + 3.13 -0.3 27.2 -29.7 -38.4 -59.8 -23.7 -36.6 N.S. N.S. 4.59 0.73 5.19 X 5.06 301 1,174 1,239Cable CPO -- 29.50 0.0 -1.3 1.7 1.7 -1.3 10.3 4.7 29.54 26.81 5.84 1.63 10.68 T 5.32 1,122 1,257 489Maxcom CPO +- 3.62 0.0 35.1 -0.3 49.6 -50.2 8.2 53.9 N.S. N.S. 4.82 0.44 5.20 X 5.42 74 256 263Mega CPO 31.50 0.1 7.9 6.1 16.7 -2.6 15.2 20.1 15.33 15.53 7.45 1.91 8.27 X 7.11 2,102 2,121 859Telmex L + 20:1 10.10 0.0 0.5 -0.5 -3.3 -10.0 8.0 -0.4 13.57 16.55 6.02 3.49 5.61 X 6.09 14,146 18,907 18,031Textiles -0.5 4.4 -6.6 -13.5 -23.0 1.3 -11.0 N.S. N.S. N.S. 0.55 N.S. NS 15 41Edoardo B -- 0.69 -1.4 15.0 6.2 -6.8 -37.3 15.2 -4.0 N.S. N.S. N.S. 0.37 N.S. T NS 6 6 107Hilasal A -- 0.87 0.0 -1.1 -13.0 -17.1 -20.9 -5.6 -14.7 N.S. N.S. 88.01 0.76 22.95 T 83.48 9 35 139Transportacion -3.2 -5.8 -19.4 -19.2 -60.2 -12.5 -16.8 7.78 3.25 5.63 1.92 13.10 5.00 1,093 1,949Aeromex * 19.23 -3.3 -5.6 -18.8 -18.6 -38.0 -11.8 -16.3 10.08 7.85 3.78 2.07 3.74 T 3.34 1,073 1,217 718Tmm A - 1:1 2.51 -0.8 -13.4 -43.1 -39.2 -67.2 -38.2 -37.5 0.58 0.10 29.79 0.40 13.82 T 28.97 20 732 102Vivienda 0.7 2.8 -16.2 -17.3 -51.5 -9.0 -14.9 10.19 8.78 8.62 0.71 8.57 6.50 4,618 9,089Ara * + 10:1 3.91 -3.5 -3.7 0.3 -5.6 -53.0 8.8 -2.8 8.86 8.60 7.58 0.54 7.24 X 6.46 394 523 1,299Dine B +- 4.09 -0.2 -0.2 -22.8 -18.1 -39.8 -16.2 -15.8 N.S. N.S. N.S. 0.65 N.S. T NS 145 223 456Geo B + 4:1 0.34 16.50 0.7 3.3 -5.0 -7.4 -63.6 3.1 -4.7 7.39 6.31 5.91 1.00 7.18 X 5.85 704 1,794 550Gmdr * - 1:1 4.10 -2.4 -2.4 2.5 2.5 -9.9 11.2 5.5 N.S. N.S. N.S. 0.62 N.S. T NS 45 119 140Hogar B - 10:1 2.70 -0.7 1.1 -22.9 -50.2 -72.8 -16.3 -48.7 N.S. N.S. N.S. 0.32 N.S. T NS 12 31 56Homex * + 6:1 0.28 29.03 -3.3 0.3 -25.6 -5.5 -60.1 -19.3 -2.8 5.21 4.42 6.12 0.68 7.98 X 4.04 757 2,011 336Incarso B-1 10.36 1.6 -1.1 -1.1 -1.3 -28.7 7.3 1.5 20.21 17.84 15.19 0.89 15.37 1,824 2,466 2,266Sare B +- 1.13 -0.9 -1.7 -4.2 -28.5 -70.8 3.9 -26.4 N.S. N.S. N.S. 0.29 2.86 X NS 60 261 687Urbi * + 0.21 8.92 6.7 26.0 -43.8 -52.8 -70.1 -39.0 -51.4 4.45 N.S. N.S. 0.49 N.S. X 8.59 677 1,661 976Grupos financieros 0.7 4.1 23.4 17.6 -23.2 34.0 21.1 145.93 N.S. N.S. 24.03 N.S. 35,611Actinvr B 11.10 -1.2 -0.4 1.2 4.0 -4.6 9.8 7.1 38.62 N.S. N.S. 1.96 N.S. 451 523C * 447.23 0.7 3.9 21.2 15.2 -28.9 31.5 18.5 N.S. N.S. N.S.Comparc * 0.63 15.42 -4.3 10.7 -9.9 -22.5 -42.6 -2.3 -20.3 N.S. N.S. N.S.Findep * +- 4.09 -2.6 -5.5 -43.4 -41.4 -68.8 -38.5 -39.7 N.S. N.S. N.S.Valor Mdo.ValorEmp. (FV)Gfinbur O +- 2.87 35.23 -3.8 2.0 37.3 38.8 -5.9 49.0 42.8 38.06 N.S. N.S. 3.20 N.S. 18,245 6,667Gfinter O - 60.00 0.0 3.4 29.0 27.7 -1.6 40.0 31.4 8.57 N.S. N.S. 1.93 N.S. 1,101 236Gfmulti O -- 5.86 0.0 0.0 0.0 0.0 0.0 8.5 2.9 8.57 N.S. N.S. 0.87 N.S. 183 403Gfnorte O + 6.57 77.03 -0.7 7.7 82.0 76.1 -0.7 97.5 81.2 16.40 N.S. N.S. 2.20 N.S. 13,920 2,326Gfregio O 50.39 3.9 12.2 68.0 73.2 0.0 82.3 78.2 14.93 N.S. N.S. 2.47 N.S. 1,284 328Invex O - 35.25 0.0 0.0 0.0 0.0 0.0 8.5 2.9 17.95 N.S. N.S. 1.46 N.S. 428 156Total 45.98 18.13 9.55 6.84 9.06 9.16 1,341,370 632,112Ipc 41,665.48 -0.6 3.5 12.4 20.9 -0.6 21.9 24.4 22.33 18.84 9.98 3.38 8.52 9.64 445,553 535,010NOTAS: B = Bursatilidad (+ Alta +- Media - Baja - Mínima) / Adr = Número de Adr's por acciones mexicanas / IPC = Porcentaje de participación del IPC / P$ = Precio / Un = Utilidad Normalizada (Ut.Neta sin Repomo y Perd Camb.) / FV = Firm Value (Valor de Mercado + Deuda Neta + Int. Min. x P/VL) / Valor de Mercado y Valor Emp. = Millones de dólares/ X = Estimado oficial Ixe / C = Consensodel Mercado / T = Estimado por Tendencias.TipoEst.2012EFV /EbitdaNum.Acc.42