Professional
Added to YB: 2024-03-08
Pitch date: 2024-03-08
HERDEZ.MX [bullish]
Grupo Herdez, S.A.B. de C.V.
+98.98%
current return
Author Info
Alluvial Capital is an investment manager with a focus on overlooked and obscure securities around the world. Sign up for the newsletter.
Company Info
Grupo Herdez, S.A.B. de C.V., a food company, provides processed food in Mexico and internationally. It provides homemade salsas, organic products, honey, ice cream, marmalade, mayonnaise, mole, mustard, pasta, spices, tea, tomato puree, tuna, and other products.
Market Cap
MXN 22.2B
Pitch Price
MXN 39.20
Price Target
75.00 (-4%)
Dividend
2.18%
EV/EBITDA
5.67
P/E
15.60
EV/Sales
1.05
Sector
Food Products
Category
value
A Mexican Blue Chip Bargain: Grupo Herdez
$HERDEZ.MX: Dominant Mexican food co w/ JVs incl McCormick, Barilla, Hormel. Trades at 11.6x P/E & 5.8x EV/EBITDA despite strong financials, brands & mgmt. Risks: FX, input costs, loyalty shifts, politics. Target 75 MXN for 55%+ upside as market re-rates. Shareholder friendly.
Read full article (5 min)