Professional
Added to YB: 2026-03-10
Pitch date: 2026-03-06
PINFRA.MX [bullish]
Promotora y Operadora de Infraestructura, S. A. B. de C. V.
-2.17%
current return
Author Info
Bireme Capital uses a value-oriented, bottom-up analysis to identify high IRR opportunities in publicly listed equities. Visit the website.
Company Info
Promotora y Operadora de Infraestructura, S. A. B. de C. V. engages in the construction, operation, maintenance, financing, and promotion of toll roads and port projects in Mexico.
Market Cap
MXN 115.2B
Pitch Price
MXN 275.76
Price Target
N/A
Dividend
1.84%
EV/EBITDA
3.96
P/E
7.31
EV/Sales
4.78
Sector
Transportation Infrastructure
Category
value
Bireme Capital New Portfolio Holding: PINFRA
PINFRA.MX (new position): Mexico's largest toll-road operator w/ 27 concessions, 300k+ vehicles/day. EBIT grew 2.5b to 11b MXN (2011-2024), high-teens ROIC. Trades 7x EBITDA vs peers at 15-25x (Ferrovial). Conservative run-off = 8% real IRR; reinvestment scenario = 15% real IRR. Upside if family sells (PE interest at 12-15x EBITDA; sold port at 22x). Material Q1 2025 position.
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