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Grupo Gicsa S.A.B. de C.V.

Grupo Gicsa S.A.B. de C.V.

GICSAB.MX
Grupo Gicsa S.A.B. de C.V.MX flagMexican Stock Exchange
3.45
MXN
- -
- -
5.18BMarket Cap
Grupo Gicsa S.A.B. de C.V.
GICSAB.MX
(Mexican Stock Exchange)

Recent

price

3.45

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2.19
1.81
2.34
2.89
2.75
2.78
3.79
3.87
3
2.58
3.23
3.34
3.67
3.99
3.85
Revenue per Share
1.71
0.64
0.57
1.07
0.4
0.38
3.74
1.59
0.09
-0.03
0.12
1.09
0.53
0.97
1.2
Basic EPS, GAAP
-0.67
0.55
0.31
0.73
-0.32
1.55
1.3
2.29
1.56
1.48
1.21
2.11
2.53
2.09
2.59
Free Cash Flow per Basic Share
0.1
- -
- -
- -
- -
- -
0.33
0.11
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
7.17
7.8
8.38
5.68
5.84
0.42
9.27
10.89
11.11
11.08
11.2
12.29
12.82
13.79
13.49
Book Value per Share
10.09
11.04
12.07
16.57
16.95
17.54
17.89
20.74
20.74
20.1
20.09
21.56
22.69
24.38
23.72
Tangible Book Value per Share
1,568
1,568
1,568
1,533
1,533
1,533
1,500
1,500
1,500
1,500
1,500
1,500
1,500
1,500
1,500
Basic Weighted Avg Shares
3,430
2,835
3,664
4,428
4,216
4,264
5,687
5,803
4,500
3,866
4,840
5,011
5,507
5,984
5,773
Sales/Revenue/Turnover
44.02
52.22
42.94
48.08
59.04
58.75
61.48
52.89
62.65
55.11
55.02
57.1
75.93
75.57
98.3
Operating Margin (%)
17
24
22
18
22
38
28
138
149
111
76
70
74
148
67
Depreciation Expense
2,685
997
898
1,641
613
577
5,612
2,392
129
-52
183
1,641
795
1,455
1,796
Net Income, GAAP
21.42
29.56
43.8
23.13
44.58
39.95
17.33
27.48
45.69
- -
29.67
34.89
26.77
28.71
11.63
Effective Tax Rate (%)
78.28
35.16
24.52
37.06
14.54
13.53
98.68
41.23
2.88
-1.34
3.78
32.75
14.44
24.32
31.11
Profit Margin (%)
-3,976
-2,817
-1,408
2,541
6,802
6,272
5,666
10,252
2,353
468
2,400
1,110
-377
1,252
-4,616
Working Capital
9,624
9,440
10,036
9,511
17,825
22,037
21,411
28,272
25,616
26,176
28,741
27,553
24,393
20,533
19,059
LT Debt
15,820
17,317
18,923
25,407
25,984
26,890
26,836
31,123
31,108
31,035
30,794
32,980
34,242
36,632
35,794
Total Equity
- -
3.65
2.93
4.66
3.31
3.2
5.71
3.95
2.54
- -
3.03
2.99
4.91
5.21
7.91
Return on Invested Capital (%)
- -
3.09
2.05
2.34
2.1
1.46
16.26
6.66
2.72
- -
3.83
5.97
5.67
5.48
7.03
Return on Capital (%)
- -
8.49
7.08
15.02
6.95
12.04
77.21
15.82
0.78
-0.31
1.1
9.32
4.22
7.29
9.29
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
1,209
1,281
5,810
LT Borrowings
23,595
23,484
18,264
LT Finance Leases
798
802
795
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,500
1,500
1,500
Market Capitalization
3,450
3,780
3,975

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
5,384
5,411
5,363
Cash, Cash Equivalents & STI
401
404
356
Accounts Receivable, Net
1,216
913
904
Inventories
614
- -
- -
Total Current Liabilities
5,761
5,614
9,979
Payables & Accruals
- -
- -
- -
ST Debt
1,209
1,281
5,810
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.84%
3.38%
6.98%
Free Cash Flow
-64.91%
10.68%
-17.62%
Net Income, GAAP
88.67%
46.87%
82.95%
Sales/Revenue/Turnover
4.25%
6.64%
8.65%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,302
1,254
1,445
1,506
5,507
2025
1,489
1,333
1,659
- -
5,984
2026
1,427
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.31
-0.12
-0.06
0.4
0.53
2025
0.28
0.58
-0.41
- -
0.97
2026
0.2
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Grupo Gicsa S.A.B. de C.V. is a Mexico-based real estate investment and development company engaged in the acquisition, construction, leasing, marketing, and sale of shopping centers, mixed-use developments, corporate office buildings, hotels, and residential properties. The company provides comprehensive real estate services including property administration, operation, maintenance, renovation, and value-added services across Mexico. Its portfolio comprises income-generating assets including shopping malls, mixed-use projects with retail, office, and hospitality components, and corporate office buildings, with a Gross Leasable Area (GLA) approaching one million square meters. Founded in 1989 and headquartered in Mexico City, Grupo Gicsa operates primarily in the Mexican real estate market. Recent strategic developments include a December 2022 investment agreement with Liverpool to complete and jointly operate the Paseo Metepec shopping mall, with both parties holding 50% stakes, reinforcing Grupo Gicsa’s mixed-use development footprint. In 2024, the company reported a 10% revenue increase driven by new lease contracts and enhanced service revenues amid increased visitor traffic at its properties. Its Grand Outlet Riviera Maya retail project reported 56% commercialized area by year-end, and the Cero5Cien residential project neared full completion with strong sales. The company achieved growth in Net Operating Income and EBITDA by 10% and over 14% respectively in 2024, reflecting operational efficiencies and portfolio expansion.