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Corporación Moctezuma. de

OTCPK:CMZO.F
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CMZO.F
OTCPK
MX$50B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Corporación Moctezuma S.A.B. de C.V. manufactures and sells cement and concrete products in Mexico. The last earnings update was 33 days ago. More info.


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CMZO.F Share Price and Events
7 Day Returns
0%
OTCPK:CMZO.F
-1%
US Basic Materials
-1.2%
US Market
1 Year Returns
-
OTCPK:CMZO.F
33.5%
US Basic Materials
16%
US Market
CMZO.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Corporación Moctezuma. de (CMZO.F) 0% 0% 0% - - -
US Basic Materials -1% -2.9% 3.7% 33.5% 4.3% 89.6%
US Market -1.2% 2.6% 7.9% 16% 35.2% 41.4%
1 Year Return vs Industry and Market
  • No trading data on CMZO.F.
  • No trading data on CMZO.F.
Price Volatility
CMZO.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Corporación Moctezuma. de's competitors could be found in our database.

Value

 Is Corporación Moctezuma. de undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Corporación Moctezuma. de to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Corporación Moctezuma. de.

OTCPK:CMZO.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:CMZO.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.9 (1 + (1- 30%) (0.28%))
0.935
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.935 * 5.96%)
8.3%

Discounted Cash Flow Calculation for OTCPK:CMZO.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Corporación Moctezuma. de is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

OTCPK:CMZO.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (MXN, Millions) Source Present Value
Discounted (@ 8.3%)
2020 3,455.07 Est @ -4.59% 3,190.29
2021 3,372.40 Est @ -2.39% 2,875.31
2022 3,343.53 Est @ -0.86% 2,632.23
2023 3,350.88 Est @ 0.22% 2,435.85
2024 3,383.48 Est @ 0.97% 2,271.06
2025 3,434.24 Est @ 1.5% 2,128.47
2026 3,498.42 Est @ 1.87% 2,002.09
2027 3,572.84 Est @ 2.13% 1,887.98
2028 3,655.31 Est @ 2.31% 1,783.53
2029 3,744.30 Est @ 2.43% 1,686.94
Present value of next 10 years cash flows MX$22,893.00
OTCPK:CMZO.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= MX$3,744.30 × (1 + 2.73%) ÷ (8.3% – 2.73%)
MX$69,062.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= MX$69,062.25 ÷ (1 + 8.3%)10
MX$31,115.03
OTCPK:CMZO.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= MX$22,893.00 + MX$31,115.03
MX$54,008.03
Equity Value per Share
(MXN)
= Total value / Shares Outstanding
= MX$54,008.03 / 878.39
MX$61.49
OTCPK:CMZO.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:CMZO.F represents 0.04768x of BMV:CMOCTEZ *
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.04768x
Value per Share
(Listing Adjusted, USD)
= Value per Share (MXN) x Listing Adjustment Factor
= MX$ 61.49 x 0.04768
$2.93
Value per share (USD) From above. $2.93
Current discount Discount to share price of $2.70
= -1 x ($2.70 - $2.93) / $2.93
7.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Corporación Moctezuma. de is available for.
Intrinsic value
8%
Share price is $2.7 vs Future cash flow value of $2.93
Current Discount Checks
For Corporación Moctezuma. de to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Corporación Moctezuma. de's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Corporación Moctezuma. de's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Corporación Moctezuma. de's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Corporación Moctezuma. de's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:CMZO.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in MXN MX$4.03
BMV:CMOCTEZ * Share Price ** BMV (2019-08-27) in MXN MX$56.63
United States of America Basic Materials Industry PE Ratio Median Figure of 10 Publicly-Listed Basic Materials Companies 29.28x
United States of America Market PE Ratio Median Figure of 2,920 Publicly-Listed Companies 18.08x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Corporación Moctezuma. de.

OTCPK:CMZO.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BMV:CMOCTEZ * Share Price ÷ EPS (both in MXN)

= 56.63 ÷ 4.03

14.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Corporación Moctezuma. de is good value based on earnings compared to the US Basic Materials industry average.
  • Corporación Moctezuma. de is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Corporación Moctezuma. de's expected growth come at a high price?
Raw Data
OTCPK:CMZO.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Basic Materials Industry PEG Ratio Median Figure of 7 Publicly-Listed Basic Materials Companies 1.98x
United States of America Market PEG Ratio Median Figure of 2,043 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Corporación Moctezuma. de, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Corporación Moctezuma. de's assets?
Raw Data
OTCPK:CMZO.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in MXN MX$11.78
BMV:CMOCTEZ * Share Price * BMV (2019-08-27) in MXN MX$56.63
United States of America Basic Materials Industry PB Ratio Median Figure of 12 Publicly-Listed Basic Materials Companies 2.07x
United States of America Market PB Ratio Median Figure of 5,089 Publicly-Listed Companies 1.75x
OTCPK:CMZO.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BMV:CMOCTEZ * Share Price ÷ Book Value per Share (both in MXN)

= 56.63 ÷ 11.78

4.81x

* Primary Listing of Corporación Moctezuma. de.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Corporación Moctezuma. de is overvalued based on assets compared to the US Basic Materials industry average.
X
Value checks
We assess Corporación Moctezuma. de's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Basic Materials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Basic Materials industry average (and greater than 0)? (1 check)
  5. Corporación Moctezuma. de has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Corporación Moctezuma. de expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Corporación Moctezuma. de has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
19.8%
Expected Basic Materials industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Corporación Moctezuma. de expected to grow at an attractive rate?
  • Unable to compare Corporación Moctezuma. de's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Corporación Moctezuma. de's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Corporación Moctezuma. de's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:CMZO.F Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 19.8%
United States of America Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 6.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:CMZO.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in MXN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:CMZO.F Future Estimates Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
OTCPK:CMZO.F Past Financials Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income *
2019-09-30 13,032 4,152 3,560
2019-06-30 13,483 4,286 3,801
2019-03-31 13,986 4,483 4,186
2018-12-31 14,184 4,312 4,350
2018-09-30 14,419 4,937 4,524
2018-06-30 14,369 4,936 4,701
2018-03-31 14,402 5,133 4,672
2017-12-31 14,635 5,050 4,719
2017-09-30 14,510 4,842 4,602
2017-06-30 14,050 4,710 4,408
2017-03-31 13,452 4,826 4,287
2016-12-31 12,587 4,788 4,047

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Corporación Moctezuma. de is high growth as no earnings estimate data is available.
  • Unable to determine if Corporación Moctezuma. de is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:CMZO.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Corporación Moctezuma. de Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CMZO.F Future Estimates Data
Date (Data in MXN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
OTCPK:CMZO.F Past Financials Data
Date (Data in MXN Millions) EPS *
2019-09-30 4.03
2019-06-30 4.32
2019-03-31 4.75
2018-12-31 4.94
2018-09-30 5.14
2018-06-30 5.34
2018-03-31 5.31
2017-12-31 5.36
2017-09-30 5.23
2017-06-30 5.01
2017-03-31 4.87
2016-12-31 4.60

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Corporación Moctezuma. de will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Check out Corporación Moctezuma. de's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. Corporación Moctezuma. de's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Corporación Moctezuma. de's filings and announcements here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Corporación Moctezuma. de's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Corporación Moctezuma. de has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Corporación Moctezuma. de performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Corporación Moctezuma. de's growth in the last year to its industry (Basic Materials).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Corporación Moctezuma. de's year on year earnings growth rate has been positive over the past 5 years.
  • Corporación Moctezuma. de's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Corporación Moctezuma. de's 1-year earnings growth is negative, it can't be compared to the US Basic Materials industry average.
Earnings and Revenue History
Corporación Moctezuma. de's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Corporación Moctezuma. de Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CMZO.F Past Revenue, Cash Flow and Net Income Data
Date (Data in MXN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 13,031.92 3,559.61 692.81
2019-06-30 13,482.56 3,800.74 683.60
2019-03-31 13,986.24 4,186.01 656.41
2018-12-31 14,184.30 4,350.07 649.87
2018-09-30 14,419.02 4,523.93 670.70
2018-06-30 14,368.57 4,700.77 661.51
2018-03-31 14,401.51 4,671.67 637.87
2017-12-31 14,634.65 4,718.54 630.67
2017-09-30 14,510.41 4,601.94 628.91
2017-06-30 14,049.54 4,408.37 627.18
2017-03-31 13,452.29 4,287.02 617.87
2016-12-31 12,587.03 4,046.86 613.97
2016-09-30 11,970.47 3,745.18 562.76
2016-06-30 11,691.54 3,497.74 521.01
2016-03-31 11,197.80 3,062.74 523.86
2015-12-31 11,026.31 2,859.64 512.73
2015-09-30 10,769.73 2,719.65 530.86
2015-06-30 10,253.57 2,437.48 554.49
2015-03-31 9,748.71 2,257.83 532.68
2014-12-31 9,186.38 2,029.73 517.19
2014-09-30 8,709.87 1,706.16 545.49
2014-06-30 8,356.78 1,629.05 518.43
2014-03-31 8,175.36 1,531.24 523.17
2013-12-31 7,958.78 1,480.04 535.76
2013-09-30 8,197.62 1,679.97 612.61
2013-06-30 8,528.56 1,832.46 608.60
2013-03-31 8,790.59 1,955.57 603.39
2012-12-31 9,099.41 2,064.43 595.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Corporación Moctezuma. de has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Corporación Moctezuma. de used its assets more efficiently than the US Basic Materials industry average last year based on Return on Assets.
  • Corporación Moctezuma. de has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Corporación Moctezuma. de's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Basic Materials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Corporación Moctezuma. de has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Corporación Moctezuma. de's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Corporación Moctezuma. de's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Corporación Moctezuma. de is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Corporación Moctezuma. de's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Corporación Moctezuma. de's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Corporación Moctezuma. de has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Corporación Moctezuma. de Company Filings, last reported 1 month ago.

OTCPK:CMZO.F Past Debt and Equity Data
Date (Data in MXN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 10,370.92 0.00 3,055.33
2019-06-30 9,683.41 0.00 2,434.41
2019-03-31 11,009.70 0.00 3,762.60
2018-12-31 10,096.40 0.00 2,821.66
2018-09-30 10,717.01 0.00 3,174.16
2018-06-30 9,691.22 0.00 2,236.02
2018-03-31 11,499.91 0.00 4,095.69
2017-12-31 10,411.37 0.00 3,366.59
2017-09-30 10,158.36 0.00 2,591.60
2017-06-30 9,837.00 0.00 2,394.41
2017-03-31 11,241.60 0.00 3,804.56
2016-12-31 10,114.98 0.00 3,278.32
2016-09-30 11,286.94 0.00 3,950.13
2016-06-30 10,278.13 0.00 3,166.10
2016-03-31 10,473.65 0.00 3,378.60
2015-12-31 9,576.00 0.00 2,971.68
2015-09-30 9,738.89 0.00 2,943.07
2015-06-30 8,974.09 0.00 2,019.32
2015-03-31 9,168.62 0.00 2,135.95
2014-12-31 8,477.13 0.00 1,773.24
2014-09-30 8,782.72 0.00 1,743.20
2014-06-30 8,304.39 0.00 1,003.28
2014-03-31 8,675.35 0.00 1,253.75
2013-12-31 8,210.92 0.00 852.32
2013-09-30 8,857.69 0.00 1,122.30
2013-06-30 8,456.66 0.00 636.68
2013-03-31 8,924.18 0.00 1,067.55
2012-12-31 8,511.07 0.00 915.25
  • Corporación Moctezuma. de has no debt.
  • Corporación Moctezuma. de has not taken on any debt in the past 5 years.
  • Corporación Moctezuma. de has no debt, it does not need to be covered by operating cash flow.
  • Corporación Moctezuma. de has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Corporación Moctezuma. de's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Corporación Moctezuma. de has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Corporación Moctezuma. de's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
9.36%
Current annual income from Corporación Moctezuma. de dividends.
If you bought $2,000 of Corporación Moctezuma. de shares you are expected to receive $187 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Corporación Moctezuma. de's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Corporación Moctezuma. de's dividend is above the markets top 25% of dividend payers in United States of America (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:CMZO.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 0.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1956 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:CMZO.F Future Dividends Estimate Data
Date (Data in MX$) Dividend per Share (annual) Avg. No. Analysts
OTCPK:CMZO.F Past Annualized Dividends Data
Date (Data in MX$) Dividend per share (annual) Avg. Yield (%)
2019-03-05 5.300 9.046
2018-07-26 3.500 4.960
2018-04-16 5.300 6.955
2018-02-22 5.300 7.173
2017-04-21 5.000 6.987
2017-03-07 5.000 7.843
2016-04-29 4.000 6.818
2016-03-01 4.000 7.225
2015-04-30 2.000 3.797
2015-03-03 2.000 4.321
2014-04-30 2.000 4.496
2014-03-03 2.000 5.285
2013-04-30 4.000 10.136
2013-02-26 2.000 5.139
2012-04-30 3.200 10.098
2012-01-16 3.200 10.470
2011-04-08 1.800 6.257
2010-03-04 0.500 1.648
2010-01-15 0.500 1.531
2009-03-02 1.500 5.881
2009-01-15 1.500 7.668

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Corporación Moctezuma. de's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Corporación Moctezuma. de's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Corporación Moctezuma. de afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Corporación Moctezuma. de has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Corporación Moctezuma. de's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Fabrizio Donega
AGE 56
TENURE AS CEO 3.1 years
CEO Bio

Mr. Fabrizio Donega has been the Chief Executive Officer at Corporación Moctezuma, S.A.B. de C.V. since October 3, 2016. Mr. Donega served as the Chief Operating Officer of Ciments Francais SA from 2007 to 2015. Mr. Donega served as an Executive Vice President of Ciments Francais SA from October 2007 to April 11, 2013. He served as Managing Director of Shymkentcement JSC. He served as the Deputy Chief Executive Officer of Italcementi S.P.A from 2004 to 2007 and responsible for the industrial activities of Italcementi in Italy. Mr. Donega served as Technical Manager Assistant, Factory Manager, Supervisor at the Central Office of Italcementi, General Manager for the operations of Italcementi in Greece and Bulgaria and Cyprus, Kazakhstan and Egypt from joining it in 1991 to 2003. He serves as an Executive Vice Chairman of Vassiliko Cement Works Public Limited (Vasiliko Cements Works Public Company Ltd.). He serves as a Director of Bergamo Confindustria. He served as a Director of Ciments du Maroc, Société Anonyme. He served as an Executive Director at Vasiliko Cements Works Public Company Ltd. from February 4, 2008 to June 27, 2013. He began as an engineer in cement plants and reached the position of Plant Director. He has more than 25 years' experience in concrete industry, largely in the multinational corporation Italcementi Group. He served as a Director of Suez Cement Company SAE. He serves as Chairman of the Association of Industrial Producers of Cement and Lime and Plaster of Bergamo Confindustria and serves as Deputy Chairman of the Italian Technical and Economic Association of Cement Producers. Mr. Donega holds a Degree in Mechanical Engineering from the University of Genoa, a Postgraduate Degree in Financial & Accounting from Cranfield University, Corporate Financial from SDA Bocconi School of Management and Program Development Management from Harvard Business School.

CEO Compensation
  • Insufficient data for Fabrizio to compare compensation growth.
  • Insufficient data for Fabrizio to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Fabrizio Donega

TITLE
Chief Executive Officer
AGE
56
TENURE
3.1 yrs

Luiz Carlos Ortiz de Camargo

TITLE
Director of Finance & Administration

Ignacio Machimbarrena

TITLE
Director of Operations

Mario Festuccia

TITLE
Technical Director

Manuel Rodríguez Lomelí

TITLE
Director of Human Resources

Ioannis Karidis

TITLE
Chief Concrete Officer
TENURE
2.3 yrs

Marco Canizzo Saetta

TITLE
Secretary of the Board of Directors
Board of Directors

Juan Amat

TITLE
Non-Independent Chairman

Carlo Cannizzo Reniú

TITLE
Independent Director

Guillermo Simón Miguel

TITLE
Independent Director

Roberto Cannizzo Consiglio

TITLE
Independent Director

Enrico Buzzi

TITLE
Non-Independent Director
AGE
81

Pietro Buzzi

TITLE
Non-Independent Director

Antonio Cosío Pando

TITLE
Independent Director
AGE
51

Julio Rodriguez Izquierdo

TITLE
Non-Independent Director
AGE
58
TENURE
3.6 yrs

Stefano Amato Cannizzo

TITLE
Alternate Independent Director

Gigi Buzzi

TITLE
Alternate Director
AGE
50
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Corporación Moctezuma. de's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Corporación Moctezuma. de has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Corporación Moctezuma S.A.B. de C.V. manufactures and sells cement and concrete products in Mexico. Its concrete products include concrete pavements and floors; reinforced, marine, durable, lightweight, self-compacting, contraction, waterproof, pile and diaphragm walls, antibacterial, and conventional concrete; and fluid fill mortar. The company sells its products under the Cementos Moctezuma and Concretos Moctezuma brands. Corporación Moctezuma S.A.B. de C.V. was founded in 1943 and is based in Mexico City, Mexico.

Details
Name: Corporación Moctezuma, S.A.B. de C.V.
CMZO.F
Exchange: OTCPK
Founded: 1943
MX$2,564,191,331
878,386,086
Website: http://www.cmoctezuma.com.mx
Address: Corporación Moctezuma, S.A.B. de C.V.
Monte Elbruz No. 134 PH,
Col. Lomas de Chapultepec,
Mexico City,
Distrito Federal, 11000,
Mexico
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BMV CMOCTEZ * Variable Shares Bolsa Mexicana de Valores MX MXN 03. Oct 1995
OTCPK CMZO.F Variable Shares Pink Sheets LLC US USD 03. Oct 1995
Number of employees
Current staff
Staff numbers
1,081
Corporación Moctezuma. de employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/25 00:06
End of day share price update: 2019/08/27 00:00
Last estimates confirmation: 2018/02/22
Last earnings filing: 2019/10/23
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.