Added to YB: 2023-04-06
Pitch date: 2023-04-06
ALSEA.MX [bullish]
Alsea, S.A.B. de C.V.
Author Info
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Company Info
Alsea, S.A.B. de C.V. operates restaurants in Latin America and Europe. It operates fast food, coffee shops, casual food, cafeterias, and family restaurants under the Domino’s Pizza, Starbucks, Burger King, Chili’s, PF Chang’s, Italianni’s, The Cheesecake Factory, Vips, Foster's Hollywood, Archies, Ginos, griddle house, The farm, Vips, and Clay Hear brands.
Market Cap
MXN 32.1B
Pitch Price
N/A
Price Target
70.00
Dividend
1.32%
EV/EBITDA
4.31
P/E
20.51
EV/Sales
0.91
Sector
Hotels, Restaurants and Leisure
Category
growth
It's Time To Buy Alsea (Starbucks And Domino's Of Mexico) Again
ALSEA.MX (added to position): Largest LatAm franchise operator (Starbucks, Domino's, BK, 4,450 locations). Q4'22 net sales +12%, SSS +22%, ROIC 13%, ROE 20%, EPS 2.17 MXN. Trades 20x TTM vs 30x pre-COVID, at 43 vs 70 2018 high. High-teens growth, buybacks resumed, dividend possible. Mexican consumer bull play. Target 70-100 MXN.
Read full article (7 min)