Cydsa SAB de CV Class A

Cydsa SAB de CV Class A

26.28
MXN
-0.22
(-0.83%)
1.29EPS
19.80P/E
12.12BMarket Cap
Feb 22Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
9.28
9.28
9.55
11.94
15.65
18.32
18.47
19.22
20.41
24.92
26.14
28.04
30.7
30.72
Basic EPS, GAAP
0.9
0.57
0.58
1.06
0.84
1.38
2.08
0.81
1.01
2.23
3.82
1
1
1.16
Free Cash Flow per Basic Share
-2.63
-3.05
-2.71
-1.07
-0.5
0.92
1.43
1.89
-0.19
0.27
1.53
1.48
3.81
5.15
Dividend per Share
0.54
0.37
0.38
0.21
0.21
0.35
0.7
0.54
0.36
0.37
0.46
0.56
0.66
0.66
Book Value per Share
12.41
13.61
15.3
17.3
16.69
16.53
15.79
16.79
18.11
19.85
21.08
26.2
23.12
22.61
Tangible Book Value per Share
12.03
13.27
15
17.02
16.48
16.3
15.53
16.49
17.71
19.38
20.56
25.61
22.59
22.11
Basic Weighted Avg Shares
559
585
583
583
583
579
569
558
556
546
542
536
531
531
Sales/Revenue/Turnover
5,183
5,427
5,569
6,958
9,118
10,608
10,507
10,726
11,339
13,612
14,160
15,039
16,299
16,322
Operating Margin (%)
16.63
13.32
14.65
14.92
16.34
20.82
19.95
15.87
17.35
18.13
22.7
18.52
14.65
14.53
Depreciation Expense
208
324
360
487
800
907
861
990
1,009
1,095
1,011
1,323
1,628
1,604
Net Income, GAAP
502
333
336
618
487
801
1,181
451
562
1,218
2,070
535
530
614
Effective Tax Rate (%)
40.77
54.94
43.81
55.77
31.64
30.46
17.35
37.64
26.82
30.7
20.03
66.2
- -
- -
Profit Margin (%)
9.69
6.14
6.03
8.88
5.34
7.55
11.24
4.2
4.96
8.95
14.62
3.56
3.25
3.76
Working Capital
4,002
3,334
1,453
365
1,297
2,918
4,127
6,064
4,647
3,218
2,490
4,439
3,141
4,144
LT Debt
1,861
3,302
3,809
4,785
7,184
9,136
11,165
14,142
14,324
13,301
11,117
14,095
12,667
13,425
Total Equity
7,700
8,217
9,253
10,399
10,040
10,088
9,526
9,671
10,375
11,202
11,864
14,439
12,755
12,521
Return on Invested Capital (%)
5.5
3.03
3.58
3.06
6.08
8.03
8.38
5.78
5.66
6.55
9.85
3.14
- -
- -
Return on Capital (%)
6.32
3.82
3.87
4.49
4.52
6.55
8.53
4.78
5.06
6.37
10.92
3.88
- -
- -
Return on Common Equity (%)
7.62
4.33
3.99
6.51
4.92
8.2
12.39
4.85
5.81
11.74
18.67
4.23
4.05
4.84

Capital Structure

MXN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,626
1,646
1,653
LT Borrowings
11,995
11,934
12,837
LT Finance Leases
672
628
589
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
529
529
529
Market Capitalization
9,625
10,846
12,116

Working Capital

MXN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
9,015
9,133
9,682
Cash, Cash Equivalents & STI
2,303
2,374
2,944
Accounts Receivable, Net
2,930
3,066
2,927
Inventories
1,982
1,714
1,580
Total Current Liabilities
5,874
5,954
5,537
Payables & Accruals
- -
- -
- -
ST Debt
1,626
1,646
1,653
Deferred Revenue
- -
- -
- -

Growth Rates

MXN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.66%
6.24%
-11.66%
Free Cash Flow
-6.65%
49.36%
154.47%
Net Income, GAAP
24.9%
27.24%
-0.93%
Sales/Revenue/Turnover
11.78%
8.88%
8.38%
Total Cash Common Dividend
- -
- -
16.67%

Quarterly Revenue

MXN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,130
3,835
3,924
4,151
15,039
2025
3,958
4,241
- -
3,893
16,299
2026
3,915
4,273
- -
- -
- -

Quarterly Earnings Per Share

MXN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.39
0.52
0.27
-0.18
1
2025
0.23
0.08
- -
0.41
1
2026
0.33
0.34
- -
- -
- -

Quarterly Dividends Per Share

MXN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.56
- -
- -
0.56
2025
- -
0.66
- -
- -
0.66
2026
- -
- -
- -
- -
- -

Company Description

CEO
Edmundo Rodarte Valdes
Full Time Employees
2,221
Sector
Process industries
Industry
Chemicals: specialty
Address
Ave. Ricardo Margain Zozaya 335 San Pedro Garza García NL Mexico 66265
IPO Date
Jan 15, 1973
Website
cydsa.com
Business
Cydsa, S.A.B. de C.V. (Ticker: CDSAF) manufactures and markets a diverse portfolio of chemical products and specialties; electricity and steam cogeneration; and hydrocarbon processing and underground storage services. Through its subsidiaries, including Sales del Istmo, S.A. de C.V. (SISA), which produces iodized and fluoridated salt for human consumption under brands such as La Fina® and for industrial uses like water treatment and food processing; Industria Química del Istmo, S.A. de C.V. (IQUISA) and affiliates Iquisa Santa Clara and Iquisa Noreste, which operate five plants to produce chlorine, caustic soda, and chemical specialties for industries including paper, textiles, plastics, water purification, mining, and oil drilling; and Quimobásicos, S.A. de C.V., a joint venture with Honeywell that manufactures refrigerant gases, propellants, foaming agents under the Genetron® brand, precision cleaning agents, medicinal gases, and fluoropolymer precursors for refrigeration, air conditioning, and export markets in Latin America and the United States. Sistemas Energéticos SISA, S.A. de C.V. generates and commercializes electricity and steam from two cogeneration plants in Coatzacoalcos, Veracruz, supplying internal needs and surplus to the national market; the company also advances hydrocarbon processing and underground storage in salt caverns to support efficient energy operations in Mexico. Founded in 1945 and headquartered in San Pedro Garza García, Nuevo León, Mexico, Cydsa operates over 20 subsidiaries across nine cities, serving customers in more than 15 countries with a focus on the chemical, energy, and industrial sectors. In 2024, the company substantially expanded its chlorine-caustic soda production capacity by nearly 70% to 322,000 metric tons annually through consolidation of facilities including new plants in Coatzacoalcos and Noreste; secured a 1,360 million peso, 10-year credit facility from Bancomext to repurchase US$79.3 million of its 6.250% Senior Notes due 2027 at a discount; acquired additional short- and medium-term bank loans totaling over 4,000 million pesos to bolster liquidity; and executed a 2,014 million peso syndicated loan with Scotiabank and BBVA to refinance short-term debt while improving maturity profiles. In April 2025, Cydsa launched a tender offer to repurchase up to US$25 million aggregate purchase price of its outstanding 6.250% Senior Notes due 2027, with subsequent expiration results reported in May 2025, as part of ongoing debt management efforts.