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  2. •

    Finance

  3. •

    Real estate development
Grupo Mexicano de Desarrollo SAB

Grupo Mexicano de Desarrollo SAB

5.77
MXN
+0.16
(+2.85%)
5.31EPS
3.10P/E
1.89BMarket Cap
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
13.88
13.45
18.14
18.9
20.22
21.53
22.68
18.75
21.67
26.52
27.81
26.95
29.96
27.44
Basic EPS, GAAP
0.38
-0.37
-0.06
-0.03
0.52
0.99
1.44
1.28
4.5
2.88
2.22
3.41
1.58
3.34
Free Cash Flow per Basic Share
0.34
-5.78
0.29
-0.15
1.96
1.61
2.86
1.5
3.21
2.97
2.84
0.49
0.87
0.9
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.69
0.7
0.06
Book Value per Share
15.1
14.88
15.14
16.07
16.47
17.48
18.76
20.08
24.87
27.57
29.46
33.46
34.5
33.6
Tangible Book Value per Share
2.89
-2.28
-3.03
-2.36
-3.27
-3.36
-3.34
-2.91
2.6
2.21
0.66
2.05
0.43
33.6
Basic Weighted Avg Shares
172
173
166
182
182
182
182
182
182
182
182
182
182
182
Sales/Revenue/Turnover
2,394
2,326
3,017
3,449
3,690
3,930
4,138
3,422
3,955
4,839
5,075
4,917
5,468
5,008
Operating Margin (%)
13.4
15.23
19.61
21.41
20.88
23.6
24.72
16.68
23.43
25.87
22.8
21.55
17.33
21.45
Depreciation Expense
227
245
188
230
248
267
318
330
284
311
330
367
442
392
Net Income, GAAP
66
-64
-10
-6
95
181
264
234
821
526
404
623
287
609
Effective Tax Rate (%)
53.78
74.88
46.7
56.79
38.6
32.03
29.69
30.13
23.55
22.8
31.8
18.07
30.73
18.58
Profit Margin (%)
2.77
-2.74
-0.33
-0.16
2.58
4.59
6.37
6.85
20.76
10.87
7.97
12.67
5.26
12.17
Working Capital
-391
-70
-53
131
142
195
411
523
99
1,225
1,314
2,117
1,093
2,179
LT Debt
1,447
2,691
2,851
2,877
2,806
2,713
2,672
2,557
489
1,449
1,120
1,388
488
1,825
Total Equity
3,301
3,321
3,462
3,930
4,144
4,525
4,976
5,313
6,370
7,137
7,778
8,845
9,226
8,845
Return on Invested Capital (%)
3.97
1.51
4.94
4.84
6.91
9.29
10.15
5.43
9.02
12.3
10.19
11.82
7.28
9.29
Return on Capital (%)
1.64
-1.72
-0.5
-1.16
0.34
1.34
2.56
2.26
8.06
3.1
2.31
4.72
1.79
4.25
Return on Common Equity (%)
3.14
-2.46
-0.39
-0.2
3.2
5.83
7.97
6.61
20.02
11
7.77
10.85
4.64
10.51

Capital Structure

MXN

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
ST Debt
723
121
783
LT Borrowings
1,645
1,183
1,623
LT Finance Leases
106
205
202
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
182
182
182
Market Capitalization
2,215
- -
1,889

Working Capital

MXN

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
Total Current Assets
3,384
3,655
3,723
Cash, Cash Equivalents & STI
1,628
1,746
1,795
Accounts Receivable, Net
867
822
811
Inventories
216
204
249
Total Current Liabilities
1,527
1,538
1,544
Payables & Accruals
- -
- -
- -
ST Debt
723
121
783
Deferred Revenue
- -
- -
- -

Growth Rates

MXN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.38%
11.79%
4.3%
Free Cash Flow
-145.18%
19.05%
75.94%
Net Income, GAAP
-149.87%
38.32%
-53.86%
Sales/Revenue/Turnover
6.67%
10.18%
11.19%
Total Cash Common Dividend
- -
- -
1.19%

Quarterly Revenue

MXN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,074
1,213
1,309
1,322
4,917
2025
1,164
- -
- -
1,466
5,468
2026
1,623
1,727
- -
- -
- -

Quarterly Earnings Per Share

MXN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.49
0.6
1.05
1.27
3.41
2025
0.42
- -
- -
-0.14
1.58
2026
0.89
0.65
- -
- -
- -

Quarterly Dividends Per Share

MXN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.06
0.69
2025
- -
- -
- -
0.07
0.7
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Jorge Eduardo Ballesteros Zavala
Full Time Employees
2,154
Sector
Finance
Industry
Real estate development
Address
Carretera México-Toluca 4000 Mexico City DF Mexico 05000
IPO Date
Dec 14, 1993
Website
gmd.com.mx
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Business
Grupo Mexicano de Desarrollo, S.A.B. is a Mexican infrastructure developer and operator specializing in the development, construction, and management of large-scale infrastructure projects and premium tourist destinations. Its main products and services include the development and operation of ports, maritime and inland terminals, hydraulic infrastructure for water supply and wastewater treatment, toll roads and highways, industrial plants producing structural steel and hydraulic concrete pipes, engineering, procurement, and construction services, as well as renewable energy projects such as the Fenicias Wind Farm. The company also develops and operates high-end tourist resorts and residential developments through its subsidiary GMD Resorts. The company operates primarily in Mexico across its infrastructure, energy, industrial, and tourism sectors. Founded approximately 80 years ago, it is headquartered in Mexico City. Recent major developments include the acquisition of a 42.26% stake in GMD Resorts SAB, enhancing its position in the tourism sector, and the integration of the new K8+Puebla portfolio which expanded its infrastructure concession assets. In 2024, it reported record revenues and EBITDA in its infrastructure division driven by increased highway traffic, higher production, and expansion of commercial operations. The company also raised $3.5 billion in fixed income institutional investor orders to finance Mexican capital expenditures and modernization of mining facilities, signaling significant strategic investments in infrastructure and energy sectors. Grupo Mexicano de Desarrollo maintains a diversified portfolio with a strong focus on sustainable and socially responsible projects, aiming to create long-term value through selective, profitable infrastructure investments. It employs over 2,100 people and has completed more than 400 projects throughout Mexico, reinforcing Mexico’s competitiveness and quality of life through its infrastructure and tourism developments. The company’s divisions include GMD Resorts, Autopistas de Guerrero, and Desarrollos Hidráulicos de Cancún among others, reflecting its integrated approach to infrastructure and development across multiple sectors.