1. Mexico Stocks

  2. •

    Consumer Defensive

  3. •

    Packaged Foods
Grupo Herdez, S.A.B. de C.V.

Grupo Herdez, S.A.B. de C.V.

HERDEZ.MX
Grupo Herdez, S.A.B. de C.V.MX flagMexican Stock Exchange
54.08
MXN
-0.29
- -
17.39BMarket Cap
Grupo Herdez, S.A.B. de C.V.
HERDEZ.MX
(Mexican Stock Exchange)

Recent

price

54.08

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
20.81
22.57
4.52
30.51
33.32
38.16
42.11
46.66
49.29
54.72
62.95
72.93
92.81
109.18
115.4
119.92
108.77
Revenue per Share
2.59
1.79
0.3
1.41
1.79
0.91
1.66
2.43
2.72
2.48
2.17
2.02
2.28
3.98
4.19
5.55
63.44
Basic EPS, GAAP
2.17
1.15
0.11
1.41
3.01
2.22
0.68
3.09
3.74
4.08
5.56
2.94
11.67
12.42
14.64
5.99
-1.91
Free Cash Flow per Basic Share
1.44
1.09
0.14
2.51
0.4
2.54
2.23
2.39
2.7
3.08
5.8
3.95
6.29
8.27
5.88
8.02
7.53
Dividend per Share
6.26
11.02
1.65
9.87
11.72
11.79
12.51
14.16
15.14
15.33
8.39
12.83
9.44
12.89
13.43
1.84
1.79
Book Value per Share
6.77
16.97
3.08
12.78
15.22
16.63
18.05
24.56
27.02
26.89
26.91
28.35
27.76
26.85
30.84
28.22
68.73
Tangible Book Value per Share
426
430
2,665
432
430
429
432
430
425
410
382
359
341
332
324
322
322
Basic Weighted Avg Shares
8,871
9,697
12,042
13,180
14,319
16,356
18,180
20,065
20,971
22,420
24,036
26,153
31,646
36,213
37,425
38,593
35,035
Sales/Revenue/Turnover
18.4
15.86
13.67
13.19
15.47
15.22
12.9
13.6
13.91
12.84
11.93
11.85
11.91
13.9
14.23
14.34
13.33
Operating Margin (%)
126
152
208
293
303
401
453
505
520
828
943
937
1,112
1,193
1,250
1,041
929
Depreciation Expense
1,104
768
790
608
771
389
717
1,046
1,156
1,014
828
726
777
1,320
1,360
1,786
20,433
Net Income, GAAP
27.58
31.26
22.85
31.86
33.69
35.98
36.21
30.74
29.18
29.48
29.13
33.09
35.83
34.35
31.47
30.44
28.77
Effective Tax Rate (%)
12.44
7.92
6.56
4.61
5.38
2.38
3.95
5.21
5.51
4.52
3.44
2.77
2.45
3.65
3.63
4.63
58.32
Profit Margin (%)
2,749
3,501
4,068
3,728
3,825
3,568
2,947
5,132
6,101
6,347
6,833
5,727
3,974
4,601
3,489
2,513
7,420
Working Capital
1,490
3,336
3,242
6,044
6,008
6,718
6,525
6,151
6,438
8,555
9,933
9,890
8,948
9,999
9,064
7,251
7,309
LT Debt
4,272
11,153
12,053
12,130
13,176
13,907
14,628
17,342
18,250
18,248
17,336
17,423
17,147
16,696
18,140
14,630
27,583
Total Equity
20.9
10.24
8.52
7.08
7.63
7.68
6.91
8.24
8.49
7.8
7.41
7.39
8.49
11.81
12.98
14.32
9.92
Return on Invested Capital (%)
32.63
8.62
2.23
1.96
1.74
-1.31
0.69
1.54
1.39
1.3
-0.28
-0.24
-0.15
0.08
0.46
0.91
95.11
Return on Capital (%)
52.96
20.74
17.3
14.03
16.58
7.71
13.73
18.21
18.45
15.94
17.45
18.6
19.86
35.24
31.52
72.24
3,549.75
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,498
3,115
1,711
LT Borrowings
8,500
6,981
7,000
LT Finance Leases
247
270
309
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
322
322
322
Market Capitalization
21,653
26,906
27,160

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
15,056
15,027
23,849
Cash, Cash Equivalents & STI
2,431
2,443
12,783
Accounts Receivable, Net
4,489
4,644
6,327
Inventories
6,280
5,858
3,581
Total Current Liabilities
11,439
12,514
16,430
Payables & Accruals
- -
- -
- -
ST Debt
1,498
3,115
1,711
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.96%
-2.88%
-19.35%
Free Cash Flow
52.36%
37.35%
-59.38%
Net Income, GAAP
20.93%
19.81%
31.36%
Sales/Revenue/Turnover
9.09%
10.14%
3.12%
Total Cash Common Dividend
14.04%
9.62%
35.29%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,886
9,297
9,345
9,897
37,425
2025
5,848
9,708
9,281
9,892
38,593
2026
6,155
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.13
1.08
0.91
1.06
4.19
2025
1.33
1.11
1.34
1.76
5.55
2026
59.27
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.18
1.88
0.88
1.92
5.88
2025
0.74
4.04
0.56
2.68
8.02
2026
0.25
- -
- -
- -
- -
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Business
Grupo Herdez, S.A.B. de C.V. (HERDEZ.MX) operates as a leading Mexican food processing company focused on processed foods and ice cream, producing and marketing a wide array of products including homemade salsas, organic items, honey, ice creams, jams, mayonnaise, mole, mustard, pasta, spices, tea, tomato puree, tuna, dehydrated chiles, coffee, avocado-based products, vegetables, fresh cheeses, yogurt, dips, snacks, and frozen Mexican ready-to-serve meals; it also distributes brands such as Frank's, French's, Kikkoman, Reynolds, General Mills portfolio, Barilla pasta, McCormick products via joint venture, Yemina, Vesta, Nair, Embasa, La Victoria, Buffalo, La Gloria, Charlotte, Crest, and Hormel. The company maintains 13 production plants across Mexico in locations including San Luis Potosí, Guanajuato, Jalisco, Oaxaca, Estado de México, Coahuila, Sinaloa, and Querétaro, plus a facility in Dallas, Texas, USA, alongside 24 distribution centers and over 600 points of sale for brands like Cielito Querido Café, Lavazza, Moyo, and Nutrisa, serving primarily Mexican consumers and exporting to the United States and other international markets with a workforce exceeding 10,000 employees. Founded in 1914 and headquartered in Mexico City, the company, a subsidiary of Hechos Con Amor S.A. de C.V., lists on the Bolsa Mexicana de Valores since 1991 and leads in processed foods while ranking as a key player in Mexican food in the U.S. In a major recent development, Grupo Herdez proposes the sale of its 25% stake in the McCormick de México S.A. de C.V. joint venture to McCormick & Company for $750 million USD, announced November 18, 2025, with shareholder approval scheduled for December 4, 2025, resulting in deconsolidation of the venture that generates approximately $810 million in annual net sales; proceeds support asset purchases, liability refinancing, dividends, and general corporate purposes.