Added to YB: 2024-06-07
Pitch date: 2024-06-07
ALSEA.MX [bullish]
Alsea, S.A.B. de C.V.
Author Info
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Company Info
Alsea, S.A.B. de C.V. operates restaurants in Latin America and Europe. It operates fast food, coffee shops, casual food, cafeterias, and family restaurants under the Domino’s Pizza, Starbucks, Burger King, Chili’s, PF Chang’s, Italianni’s, The Cheesecake Factory, Vips, Foster's Hollywood, Archies, Ginos, griddle house, The farm, Vips, and Clay Hear brands.
Market Cap
MXN 32.1B
Pitch Price
N/A
Price Target
N/A
Dividend
1.32%
EV/EBITDA
4.31
P/E
20.51
EV/Sales
0.91
Sector
Hotels, Restaurants and Leisure
Category
growth
Adding Alsea Back To The Aggressive Portfolio
ALSEA.MX (new position): Reopening fast food/casual dining operator (Domino's, Starbucks) at <65 pesos after selling at 81 in spring; nothing changed fundamentally. 25% upside just riding back to April levels. 19x P/E vs 15% annualized earnings growth; multiple could re-rate to 25-30x on Mexican middle-class boom. Argentina exposure adds upside. Sheinbaum sell-off overdone.
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