GuruFocus Manual of Stocks™  |  May 20, 2022
Industrias Bachoco SAB de CV (NYSE:IBA)
www.gurufocus.com/stock/NYSE:IBA
Industrias Bachoco SAB de CV (NYSE:IBA)
[1]
Modestly Undervalued[5]$ 46.39
GF Score: 92/100Market Cap: $ 2,320 Mil
Industry: Consumer Defensive - Consumer Packaged Goods
Industrias Bachoco SAB de CV operates as a poultry producer in Mexico. It is engaged in breeding, processing and marketing of chicken, eggs, swine, and other products.
GF Value Rank
Rank: 9 /10CurrentIndustry MedianHistorical Median
PE Ratio9.0317.5511.41
Forward P/EN/A17.15N/A
PB Ratio0.931.561.26
PS Ratio0.531.130.73
P/FCF13.1616.8114.75
Shiller P/E9.9219.4115.54
PEG Ratio2.151.750.81
Valuation Analysis
Current% of Price
NCAV20.2544
Peter Lynch Value35.8077
Price46.39
DCF (FCF Based)47.74103
Tangible Book49.80107
GF Value56.51122
EPV60.45130
Median PS Value68.68148
Graham Number75.86164
DCF (Earnings Based)99.41214
Dividend & Ownership
Dividend Yield (TTM) %1.96
Dividend Yield (Forward) %1.96
Dividend Payout Ratio0.17
Dividend Growth (5Y) %1.40
Yield on Cost (5Y) %2.10
Continuous Div. since2020
Insider Ownership %N/A
Institution Ownership %0.53
Financial Strength
Rank: 9 /10CurrentIndustry MedianHistorical Median
Cash-to-Debt9.750.554.78
Equity-to-Asset0.750.530.75
Interest Coverage11.0811.1435.36
Piotroski F-Score756
Profitability Rank
Rank: 8 /10CurrentIndustry MedianHistorical Median
Operating Margin %7.474.897.73
Net Margin %5.913.725.96
ROE %10.817.0011.57
ROA %8.083.378.21
ROC (Joel Greenblatt) %26.7110.9623.80
Growth Rank(* per share data)
Rank: 8 /1010-Yr5-Yr1-Yr
Revenue Growth %9.58.319.8
EBITDA Growth %10.94.2-4.8
Oprt. Income Growth %N/A1.35.1
EPS w/o NRI Growth %10.51.541.6
FCF Growth %N/A43.9113.2
Book Value Growth %11.18.08.9
Momentum Rank
Rank: 9 /10CurrentIndustry MedianHistorical Median
5-Day RSI57.6646.14N/A
9-Day RSI58.2344.96N/A
14-Day RSI58.3245.24N/A
6-1M Momentum %10.96-3.53N/A
12-1M Momentum %-1.52-3.85N/A
Quarterly
Mar21Jun21Sep21Dec21Mar22
Revenue932.901,0411,0091,0161,186
Net Income101.2273.7242.0930.81104.97
EPS2.021.470.840.622.10
Revenue YoY %32.6541.3819.5010.5927.14
Net Income YoY %4.55-4,82610.12-36.993.70
EPS YoY %4.55-4,70610.47-15.553.90
Free Cash Flow18.21214.30-39.53-45.1546.76
Cash & Equiv.953.821,0711,002988.07982.97
Current Assets1,6301,7611,8031,8091,785
Short-Term Debt & CLO53.9324.8490.71108.66100.84
Current Liabilities349.85425.94518.25613.37531.11
Total Liabilities656.04727.80778.28846.06777.78
Stockholders Equity2,2022,3242,3522,2852,421
Warning Signs
SEVEREGross Margin %: Declined
SEVEREOperating Margin %: Declined
Good Signs
GOODFinancial Strength: Strong Financial Strength
GOODAltman Z-Score: Strong
As of 05-20-2022
* All financial numbers are in millions except for per share data, ratios and percentage change.
%GainSP500
1W3.61-0.73
1M3.54-12.49
3M14.10-10.03
6M14.89-16.39
YTD10.19-17.75
1Y2.90-3.96
3Y-3.0612.66
5Y-1.3912.26
10Y10.1513.75
67.61
24.38
18.86
40890
20445
2012201320142015201620172018201920202021CurrentPerformance
27.9241.2655.1663.0949.5462.4360.1957.6450.3145.6547.80Highest Stock Price
19.0826.2635.5641.7036.2548.6838.9340.2335.4539.3036.98Lowest Stock Price
1,3962,0142,4942,4622,4512,8651,9782,6002,2582,1272,320Market Cap
49.950.050.050.050.050.050.050.050.050.049.9Shares Outstanding-Diluted
8.2512.999.4611.0312.8811.3511.5615.5311.418.609.03PE Ratio
0.941.301.491.521.591.541.041.241.040.930.93PB Ratio
0.460.670.890.910.980.970.630.810.650.530.53PS Ratio
4.244.854.274.875.916.064.285.893.973.003.02EV-to-EBITDA
2012201320142015201620172018201920202021TTMPer Share Data
61.3161.0557.5554.2050.7660.5460.7664.5668.9578.1285.10Revenue per Share
3.413.145.414.473.855.163.333.373.944.855.04Earnings per Share
2.036.585.092.600.213.501.521.133.482.813.53Free Cash Flow per Share
0.460.54--1.060.760.800.880.890.770.810.85Dividends per Share
29.1530.3332.9431.8730.4134.3535.3239.6040.9943.4048.42Tangible Book per Share
36.2537.3636.0935.6033.1639.1543.0250.6754.7063.0368.68Median PS Value
47.2646.2663.3456.6251.3463.1751.4654.8260.3168.7974.10Graham Number
2012201320142015201620172018201920202021TTMIncome Statement
3,0603,0522,8772,7082,5383,0273,0383,2283,4463,9044,252Revenue
470.20502.24639.38549.61457.83550.00479.16528.62555.32637.60699.49Gross Profit
15.3716.4522.2220.2918.0418.1715.7716.3816.1116.3316.45Gross Margin %
265.87250.60271.50253.55223.80278.63294.66320.45344.37356.04381.26Total Operating Expense
204.33251.64367.88296.05234.04271.37184.50208.17210.95281.56318.22Operating Income
6.688.2412.7910.939.228.966.076.456.127.217.48Operating Margin %
169.81156.68270.44223.37192.53258.04166.69168.56197.17242.07251.60Net Income
5.555.139.408.257.598.525.495.225.726.205.92Net Margin %
222.68268.20390.92327.72279.25324.75233.99243.24270.36328.67365.34EBIT
287.80330.97446.41372.79324.41380.84295.04326.43372.71415.03457.43EBITDA
12.4010.3516.7913.5412.1515.178.888.439.2310.8710.86ROE %
8.557.1211.719.378.4310.676.336.086.757.968.12ROA %
2012201320142015201620172018201920202021Mar22Balance Sheet
324.83516.18759.48821.37715.25838.95890.55974.75864.08913.01982.97Cash & Equivalents
2,1802,2212,4002,3702,2002,6362,6302,9162,9303,1533,221Total Assets
93.0542.8654.9695.60151.10192.69173.80187.9366.96108.66100.84Short-Term Debt & CLO
118.66116.08113.80146.1746.3681.0476.87112.1295.2517.76--Long-Term Debt & CLO
695.80671.68721.81742.09652.43775.92731.44808.39728.85846.06777.78Total Liabilities
1,4811,5461,6751,6241,5451,8571,8962,1032,1702,2852,421Total Stockholders Equity
1,4841,5491,6781,6271,5471,8611,8992,1082,2012,3072,443Total Equity
2012201320142015201620172018201920202021TTMCashflow Statement
175.28373.09343.38241.84146.87285.73174.44171.46291.46306.45364.24Cash Flow from Operations
-88.35-32.99-68.18-124.58-76.36-196.27-15.81-49.14-155.17-113.86-181.35Cash Flow from Investing
34.49-142.2716.4237.37-63.524.90-70.04-76.85-210.74-97.36-142.10Cash Flow from Financing
120.78195.03296.90175.3131.2974.3790.2439.83-68.9688.4140.79Net Change in Cash
324.87516.29759.48821.37715.25838.95890.76976.99866.03914.48979.05Ending Cash Position
-73.98-44.23-88.74-111.88-136.21-110.88-98.40-115.15-117.55-166.28-187.86Capital Expenditure
101.30328.86254.64129.9610.65174.8576.0456.31173.90140.17176.38Free Cash Flow
Competitor
TickerCompanyMarket Cap
($M)
PE RatioGF Score
/100
Financial
Strength /10
Profitability
Rank /10
GF Value
Rank /10
Growth
Rank /10
Momentum
Rank /10
BSP:SLCE3SLC Agricola SA2,45611.427948393
SGX:EB5First Resources Ltd2,39815.229179986
NYSE:IBAIndustrias Bachoco SAB de CV2,3209.039298989
NAS:CALMCal-Maine Foods Inc2,260124.786697531
ASX:A2MThe a2 Milk Co Ltd2,181154.8178792101
GuruFocus Manual of Stocks™  |  May 20, 2022
Industrias Bachoco SAB de CV (NYSE:IBA)
www.gurufocus.com/stock/NYSE:IBA

Financial Strength[2] (Quarterly data, as of Mar. 2022) : Good (9/10)

0
1
2
3
4
5
6
7
8
9

Cash-to-Debt : 9.75

Cash-to-Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. A high ratio indicates that a company is better able to pay back its debt, and is thus able to take on more debt if necessary.


Equity-to-Asset : 0.75

Equity-to-Asset ratio is calculated as total stockholders equity divided by its total assets. Equity-to-Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity-to-Asset ratio (more leveraged) may have higher ROE % because of the leverage.


Debt-to-Equity : 0.04

A high Debt-to-Equity ratio generally means that a company has been aggressive in financing its growth with debt.


Piotroski F-Score : 7

The Piotroski F-Score is used to determine the strength of a firm's financial position, with 9 being the best and 0 being the worst.

0
1
2
3
4
5
6
7
8
9


WACC : 8.92% vs ROIC : 13.76%

The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. Return on invested capital (ROIC) measures how well a company generates cash flow relative to the capital it has invested in its business.


Dividend Yield : 1.82%

Dividend yield is a way to measure how much cash flow you are getting for each dollar invested in an equity position.

GuruFocus Manual of Stocks™  |  May 20, 2022
Industrias Bachoco SAB de CV (NYSE:IBA)
www.gurufocus.com/stock/NYSE:IBA

Profitability[3] (Annual data, as of Dec. 2021) : Good (8/10)

0
1
2
3
4
5
6
7
8
9

Revenue : $1,186 Mil vs Net Income : $105 Mil

Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. Net Income is a company's total profit. Net income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses.


Cash & Equivalents : $983 Mil vs Long-Term Debt* : $0 Mil

Cash & equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash. Long-Term Debt* consists of loans and obligations lasting over one year.


Operating Margin % : 12.90%

Operating margin % measures how much profit a company makes on a dollar of sales. Operating Margin % is calculated as Operating Income divided by Revenue.


EPS without NRI : $2.10

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock. In calculating earnings per share without non-recurring items, the dividends of preferred stocks and Non Operating Income need to subtracted from the total net income first.


Dividends per Share : $0.00

Dividends per Share is the amount of dividends that the shareholders of a company receive on a per-share basis. It is calculated using the total dividends paid out to shareholders over one fiscal year and the number of shares outstanding.


Free Cash Flow per Share : $0.94

Free Cash flow per Share is the amount of Free cash flow per outstanding share of the company's stock.

GuruFocus Manual of Stocks™  |  May 20, 2022
Industrias Bachoco SAB de CV (NYSE:IBA)
www.gurufocus.com/stock/NYSE:IBA

Valuation (Quarterly data, as of Mar. 2022)

These valuation metrics should give you a sense of reasonable prices, but be careful with them. Always seek to understand why a valuation is changing over time.


Valuation Chart (Current stock price : $46.39)


PE Ratio without NRI : 9.09

The price-to-earnings ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.


PB Ratio : 0.96

The price-to-book ratio measures the valuation of the stock relative to the underlying asset of the company.


PS Ratio : 0.54

The price-to-sales ratio is a valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the value placed on each dollar of a company’s sales or revenues.


Price-to-Free-Cash-Flow : 13.25

Price-to-free-cash-flow is very similar to the valuation metric of price-to-operating-cash-flow but is considered a more exact measure, owing to the fact that it uses free cash flow, which subtracts capital expenditures from a company's total operating cash flow, thereby reflecting the actual cash flow available to fund non-asset-related growth.


EV-to-EBIT : 3.88

Enterprise value of a company divided by its trailing 12 months earnings before interest and taxes (EBIT).

GuruFocus Manual of Stocks™  |  May 20, 2022
Industrias Bachoco SAB de CV (NYSE:IBA)
www.gurufocus.com/stock/NYSE:IBA

Valuation Bands

In these charts the 10-year valuation bands of the price-to-earnings ratio (PE Ratio), price-to-book ratio (PB Ratio), price-to-sales ratio (PS Ratio) and price-to-operating-cash-flow ratio (POCF) are drawn together with the historical stock prices. For example, the upper line of the PE band is where the stock price would have been if it were always traded at the maximum PE ratio of the past 10 years. The lower line of the PE band is where the stock price would have been if it were always traded at the lowest PE ratio of the past 10 years. It is always better if the stock price is close to the lower line, which indicates a lower valuation.


Historical Price and PE Band


Historical Price and PS Band


Historical Price and PB Band


Historical Price and Price-to-Operating-Cash-Flow (POCF) Band

GuruFocus Manual of Stocks™  |  May 20, 2022
Industrias Bachoco SAB de CV (NYSE:IBA)
www.gurufocus.com/stock/NYSE:IBA

Warning Signs

GuruFocus conducted a thorough checkup using a checklist of 32 items that cover the areas of financial strength, profitability, growth, and valuation of each company. The purpose of Warning Signs is to warn you that the company may have red flags in certain areas, helping to avoid overlooking them. These warning signs do not necessarily mean you should not invest in the stock. But you should be aware of them before you invest.


Severe Warning Signs

Gross Margin % : Declined

Industrias Bachoco SAB de CV gross margin has been in long term decline. The average rate of decline per year is -2.3%.

Operating Margin % : Declined

Industrias Bachoco SAB de CV operating margin has been in 5-year decline. The average rate of decline per year is -6.4%.

Good Signs

Financial Strength : Strong Financial Strength

Industrias Bachoco SAB de CV shows strong financial strength.

Altman Z-Score : Strong

Altman Z-score of 4.88 is strong.

Piotroski F-Score : High

Piotroski F-Score is 7, indicating very healthy situation.

Beneish M-Score : Unlikely manipulator

Beneish M-Score -2.5 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

Revenue per Share : Consistent growth

Industrias Bachoco SAB de CV has shown predictable revenue and earnings growth.

Medium Warning Signs

Price : Close to 2-year high

Industrias Bachoco SAB de CV stock Price is close to 2-year high
GuruFocus Manual of Stocks™  |  May 20, 2022
Industrias Bachoco SAB de CV (NYSE:IBA)
www.gurufocus.com/stock/NYSE:IBA

Competitive Comparison


5 Year Price Change Comparison


Financial Strength

CompanyFinancial StrengthCash-to-DebtEquity-to-AssetDebt-to-EquityInterest CoveragePiotroski F-ScoreAltman Z-ScoreBeneish M-ScoreWACC %ROIC %
NAS:CALMCal-Maine Foods Inc9/1058.230.800.000.0048.07-2.490.01-3.78
NYSE:IBAIndustrias Bachoco SAB de CV9/109.750.750.0411.0874.88-2.508.9213.76
SHSE:605296Yunnan Shennong Agricultural Industry Group Co Ltd8/1011.460.890.030.00N/A15.12-0.637.76-2.18
SGX:EB5First Resources Ltd7/100.940.640.3421.9084.32-2.846.9710.67
ASX:A2MThe a2 Milk Co Ltd7/107.860.700.0846.0459.70-2.673.331.87
XTER:KWSKWS SAAT SE & Co KGaA5/100.320.410.76N/A72.20-2.602.204.80
SZSE:300761Jiangsu Lihua Animal Husbandry Co Ltd4/100.400.530.440.0042.56-2.437.69-0.41
BSP:SLCE3SLC Agricola SA4/100.020.271.694.4251.90-2.262.4216.34
SZSE:000048Shenzhen Kingkey Smart Agriculture Times Co Ltd3/102.160.160.600.0030.49-0.552.16-1.77
SZSE:002124Tech-Bank Food Co Ltd1/100.150.152.850.002-0.57-6.1014.55-22.95

Profitability

CompanyProfitability RankOperating
Margin %
Net Margin %ROE %ROA %Price-to-Free-Cash-FlowROC (Joel Greenblatt) %3-Year Revenue Growth %3-Year EBITDA Growth %3-Year EPS w/o NRI Growth %
SGX:EB5First Resources Ltd9/1022.2715.6814.809.1110.1424.4017.6010.0010.20
ASX:A2MThe a2 Milk Co Ltd9/101.381.791.871.4516.9923.239.50-23.50-25.40
NYSE:IBAIndustrias Bachoco SAB de CV8/107.475.9110.818.0813.1626.7110.2013.6014.80
XTER:KWSKWS SAAT SE & Co KGaA8/108.837.5510.374.2023.0313.537.008.303.50
BSP:SLCE3SLC Agricola SA8/1037.8020.8231.419.900.0029.4921.0035.3036.20
NAS:CALMCal-Maine Foods Inc7/10-1.001.191.821.490.00-0.22-3.70-33.90-75.10
SZSE:300761Jiangsu Lihua Animal Husbandry Co Ltd7/10-0.30-7.75-13.60-8.070.00-13.5011.50-56.800.00
SZSE:000048Shenzhen Kingkey Smart Agriculture Times Co Ltd7/10-4.38-9.51-5.97-1.316.60-0.06-2.109.90-3.80
SHSE:605296Yunnan Shennong Agricultural Industry Group Co Ltd6/10-2.39-8.87-5.31-4.660.00-7.8832.9041.4047.40
SZSE:002124Tech-Bank Food Co Ltd5/10-45.93-61.01-97.22-27.250.00-42.0727.40-133.60-90.80

Valuation

CompanyPE RatioPB RatioPS RatioPrice-to-Intrinsic-Value-Projected-FCFPrice-to-Intrinsic-Value-DCF (Earnings Based)Price-to-Median-PS-ValuePrice-to-Peter-Lynch-Fair-ValuePrice-to-Graham-NumberEarnings Yield (Joel Greenblatt) %Forward Rate of Return (Yacktman) %
SZSE:300761Jiangsu Lihua Animal Husbandry Co LtdAt Loss2.041.130.000.000.000.000.00-5.390.00
SZSE:000048Shenzhen Kingkey Smart Agriculture Times Co LtdAt Loss4.055.832.300.002.110.000.00-0.03-24.66
SZSE:002124Tech-Bank Food Co LtdAt Loss4.171.310.000.000.960.000.00-26.694.20
SHSE:605296Yunnan Shennong Agricultural Industry Group Co LtdAt Loss2.844.890.000.000.004.600.00-1.820.00
NYSE:IBAIndustrias Bachoco SAB de CV9.030.930.530.700.470.681.300.6126.4712.47
BSP:SLCE3SLC Agricola SA11.423.442.372.340.001.440.461.3411.2422.66
SGX:EB5First Resources Ltd15.222.032.381.240.000.650.001.2610.396.79
XTER:KWSKWS SAAT SE & Co KGaA18.371.681.391.861.360.760.001.495.827.45
NAS:CALMCal-Maine Foods Inc124.782.191.462.680.001.110.003.60-0.0924.10
ASX:A2MThe a2 Milk Co Ltd154.812.912.781.0211.300.001.654.701.2925.90
GuruFocus Manual of Stocks™  |  May 20, 2022
Industrias Bachoco SAB de CV (NYSE:IBA)
www.gurufocus.com/stock/NYSE:IBA

Peter Lynch Chart[4]

GuruFocus Manual of Stocks™  |  May 20, 2022
Industrias Bachoco SAB de CV (NYSE:IBA)
www.gurufocus.com/stock/NYSE:IBA

Per Share Data


Per Share Data

Dec06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
TTM Fiscal Period
28.65
33.60
30.00
36.17
39.90
40.28
61.31
61.05
57.55
54.20
50.76
60.54
60.76
64.56
68.95
78.12
85.10
Revenue per Share
3.62
4.24
1.73
3.33
5.29
2.80
5.77
6.62
8.93
7.46
6.49
7.62
5.90
6.53
7.46
8.30
9.16
EBITDA per Share
2.63
3.18
0.81
2.30
4.17
1.72
4.46
5.36
7.82
6.56
5.59
6.50
4.68
4.87
5.41
6.58
7.31
EBIT per Share
1.66
2.35
-1.31
1.24
3.21
1.71
3.41
3.14
5.41
4.47
3.85
5.16
3.33
3.37
3.94
4.85
5.04
Earnings per Share (Diluted)
1.66
2.35
-1.31
1.24
3.21
1.71
3.41
3.14
5.41
4.47
3.85
5.16
3.33
3.37
3.94
4.85
5.04
EPS without NRI
1.97
0.10
-0.93
0.20
2.08
0.37
2.25
5.76
4.94
4.41
1.49
4.94
3.35
2.64
3.68
5.15
6.49
Owner Earnings per Share (TTM)
1.17
-0.45
-2.10
0.57
3.34
-1.29
2.03
6.58
5.09
2.60
0.21
3.50
1.52
1.13
3.48
2.81
3.53
Free Cash Flow per Share
2.75
1.38
-0.38
2.11
4.24
-0.26
3.51
7.46
6.87
4.84
2.94
5.72
3.49
3.43
5.83
6.13
7.29
Operating Cash Flow per Share
6.60
5.61
0.19
3.75
6.73
4.41
7.99
11.87
16.46
17.88
15.25
17.96
18.36
20.02
19.24
19.76
19.66
Cash per Share
0.66
0.65
0.52
0.37
0.39
0.42
0.46
0.54
--
1.06
0.76
0.80
0.88
0.89
0.77
0.81
0.85
Dividends per Share
25.88
27.81
20.93
22.68
26.47
25.18
29.62
30.92
33.49
32.49
30.89
37.15
37.91
42.07
43.40
45.69
48.42
Book Value per Share
25.29
27.20
20.48
22.22
25.99
24.74
29.15
30.33
32.94
31.87
30.41
34.35
35.32
39.60
40.99
43.40
48.42
Tangible Book per Share
0.08
0.38
0.93
1.65
1.04
2.67
4.23
3.18
3.38
4.84
3.95
5.47
5.01
6.00
3.24
2.53
2.02
Total Debt per Share
29.00
31.81
14.50
23.00
24.19
19.07
27.92
40.27
49.88
49.23
49.02
57.30
39.56
52.00
45.16
42.54
46.39
Month End Stock Price

Ratios

Dec06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
TTM Fiscal Period
6.63
8.73
-5.38
5.69
13.03
6.62
12.40
10.35
16.79
13.54
12.15
15.17
8.88
8.43
9.23
10.87
10.86
ROE %
5.92
7.66
-7.80
5.63
14.32
8.71
13.19
7.96
11.27
8.91
7.64
9.85
8.54
6.80
8.88
11.69
11.62
ROE % Adjusted to Book Value
5.35
6.94
-4.08
4.14
9.83
4.88
8.55
7.12
11.71
9.37
8.43
10.67
6.33
6.08
6.75
7.96
8.12
ROA %
6.80
8.93
-5.50
5.81
13.28
6.74
12.60
10.54
17.10
13.79
12.37
15.94
9.57
9.00
9.79
11.47
10.97
Return-on-Tangible-Equity
5.46
7.06
-4.15
4.20
9.98
4.94
8.64
7.21
11.85
9.48
8.53
11.05
6.67
6.37
7.04
8.28
8.18
Return-on-Tangible-Asset
12.68
13.61
3.35
10.22
19.06
7.42
17.31
21.60
36.02
32.44
28.13
30.32
20.37
19.74
20.73
25.28
26.76
ROC (Joel Greenblatt) %
9.01
10.15
2.85
9.05
14.54
5.70
13.57
14.53
20.10
16.43
14.80
16.45
10.80
10.51
10.88
12.99
13.99
ROCE %
6.72
8.65
1.02
6.07
13.16
-0.42
11.19
10.63
19.90
16.71
13.81
16.74
9.41
9.94
9.78
12.33
13.83
ROIC %
13.12
11.03
22.76
12.23
10.57
9.18
0.66
4.52
6.35
1.36
8.88
8.77
4.41
12.75
10.71
9.60
8.92
WACC %
--
113
387
32.07
11.09
3.18
3.20
4.02
3.68
2.68
2.88
4.17
3.53
5.49
4.61
4.50
26.55
Effective Interest Rate on Debt %
22.49
20.54
13.13
16.92
21.10
10.59
15.37
16.45
22.22
20.29
18.04
18.17
15.77
16.38
16.11
16.33
16.45
Gross Margin %
9.17
8.21
1.14
6.08
9.97
-0.26
6.68
8.24
12.79
10.93
9.22
8.96
6.07
6.45
6.12
7.21
7.48
Operating Margin %
5.83
6.98
-4.37
3.43
8.02
4.24
5.55
5.13
9.40
8.25
7.59
8.52
5.49
5.22
5.72
6.20
5.92
Net Margin %
12.63
12.61
5.76
9.22
13.25
6.95
9.41
10.84
15.52
13.76
12.78
12.58
9.71
10.11
10.81
10.63
10.76
EBITDA Margin %
4.10
-1.33
-7.00
1.58
8.36
-3.19
3.31
10.77
8.85
4.80
0.42
5.78
2.50
1.74
5.05
3.59
4.15
FCF Margin %
0.00
0.01
0.05
0.07
0.04
0.11
0.14
0.10
0.10
0.15
0.13
0.15
0.13
0.14
0.08
0.06
0.04
Debt-to-Equity
0.80
0.79
0.72
0.73
0.77
0.70
0.68
0.70
0.70
0.69
0.70
0.71
0.72
0.72
0.74
0.72
0.75
Equity-to-Asset
0.00
0.01
0.03
0.05
0.03
0.07
0.10
0.07
0.07
0.10
0.09
0.10
0.10
0.10
0.06
0.04
0.03
Debt-to-Asset
0.20
0.21
0.28
0.26
0.23
0.30
0.32
0.30
0.30
0.31
0.30
0.29
0.28
0.28
0.25
0.27
0.24
Liabilities-to-Assets
20.66
20.42
12.26
20.43
25.85
12.17
23.66
22.83
27.68
23.05
20.04
22.75
18.19
19.06
19.00
20.96
22.57
Gross-Profit-to-Asset %
0.92
0.99
0.93
1.21
1.23
1.15
1.54
1.39
1.25
1.14
1.11
1.25
1.15
1.16
1.18
1.28
1.37
Asset Turnover
0.39
0.28
--
0.30
0.12
0.24
0.14
0.17
--
0.24
0.20
0.15
0.26
0.26
0.20
0.17
0.17
Dividend Payout Ratio
12.26
17.48
25.77
21.02
16.97
21.75
17.75
15.59
14.99
14.53
15.89
15.11
15.38
14.34
14.17
13.26
18.15
Days Sales Outstanding
20.25
24.89
31.94
30.57
29.63
34.37
30.49
31.00
35.62
37.79
35.14
27.26
27.89
27.51
27.41
34.33
32.86
Days Payable
61.21
69.96
84.47
70.09
62.63
50.06
41.72
40.65
33.83
34.14
34.50
32.43
33.82
32.07
33.55
32.94
41.75
Days Inventory
53.22
62.55
78.30
60.54
49.97
37.44
28.98
25.24
13.20
10.88
15.25
20.28
21.31
18.90
20.31
11.87
27.04
Cash Conversion Cycle
5.96
5.22
4.32
5.21
5.83
7.29
8.75
8.98
10.79
10.69
10.58
11.25
10.79
11.38
10.88
11.08
8.74
Inventory Turnover
0.78
0.79
0.87
0.83
0.79
0.89
0.85
0.84
0.78
0.80
0.82
0.82
0.84
0.84
0.84
0.84
0.84
COGS-to-Revenue
0.13
0.15
0.20
0.16
0.14
0.12
0.10
0.09
0.07
0.08
0.08
0.07
0.08
0.07
0.08
0.08
0.10
Inventory-to-Revenue
0.06
0.05
0.06
0.04
0.02
0.03
0.02
0.01
0.03
0.04
0.05
0.04
0.03
0.04
0.03
0.04
0.04
Capex-to-Revenue
0.60
0.66
5.03
0.70
0.23
--
0.36
0.18
0.24
0.38
0.58
0.41
0.53
0.55
0.56
0.59
0.59
Capex-to-Operating-Income
0.57
1.33
--
0.73
0.21
--
0.42
0.12
0.26
0.46
0.93
0.39
0.56
0.67
0.40
0.54
0.52
Capex-to-Operating-Cash-Flow
* All financial numbers are in millions except for per share data, ratios and percentage change. When Return-on-Tangible-Equity displays Neg. E, it means the the tangible equity is negative.
GuruFocus Manual of Stocks™  |  May 20, 2022
Industrias Bachoco SAB de CV (NYSE:IBA)
www.gurufocus.com/stock/NYSE:IBA

Financial Statement

Income Statement

Dec06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
TTM Fiscal Period
1,432
1,680
1,500
1,809
1,995
2,013
3,060
3,052
2,877
2,708
2,538
3,027
3,038
3,228
3,446
3,904
4,252
Revenue
1,110
1,335
1,303
1,503
1,574
1,800
2,590
2,550
2,238
2,159
2,080
2,477
2,559
2,699
2,891
3,267
3,553
Cost of Goods Sold
322
345
197
306
421
213
470
502
639
550
458
550
479
529
555
638
699
Gross Profit
22.49
20.54
13.13
16.92
21.10
10.59
15.37
16.45
22.22
20.29
18.04
18.17
15.77
16.38
16.11
16.33
16.45
Gross Margin %
191
207
180
196
222
216
264
253
260
253
236
283
300
320
322
341
367
Selling, General, & Admin. Expense
0.00
--
0.00
--
0.00
2.61
1.85
-2.36
11.08
0.27
-12.69
-4.18
-5.11
0.25
22.72
15.42
14.13
Other Operating Expense
191
207
180
196
222
219
266
251
271
254
224
279
295
320
344
356
381
Total Operating Expense
131
138
17.15
110
199
-5.28
204
252
368
296
234
271
185
208
211
282
318
Operating Income
9.17
8.21
1.14
6.08
9.97
-0.26
6.68
8.24
12.79
10.93
9.22
8.96
6.07
6.45
6.12
7.21
7.48
Operating Margin %
--
33.47
12.95
13.27
13.37
13.23
16.26
22.92
23.26
28.26
31.12
44.23
53.39
51.72
35.02
28.24
10.99
  Interest Income
--
-13.05
-127
-20.68
-7.46
-2.95
-5.52
-7.46
-6.03
-5.50
-6.33
-9.83
-9.25
-15.11
-10.66
-6.50
-28.72
  Interest Expense
--
20.42
-114
-7.41
5.91
9.00
9.10
6.75
15.79
20.07
23.13
31.35
37.09
34.63
20.79
15.85
-10.15
Net Interest Income
7.35
-12.24
10.38
-8.02
-3.76
79.09
3.73
2.35
1.21
6.09
15.75
12.20
3.15
-14.67
27.96
24.77
24.77
Other Income (Expense)
139
146
-86.46
94.49
201
82.82
217
261
385
322
273
315
225
228
260
322
333
Pre-Tax Income
-55.15
-28.83
20.42
-31.59
-40.63
2.80
-46.79
-104
-114
-98.45
-80.17
-56.55
-57.47
-58.89
-60.70
-86.38
-87.82
Tax Provision
39.78
19.73
23.62
33.43
20.22
-3.38
21.55
39.81
29.63
30.56
29.38
17.96
25.57
25.82
23.37
26.81
26.38
Tax Rate %
83.42
117
-66.04
62.90
160
85.62
170
157
271
224
193
258
167
169
199
236
245
Net Income (Continuing Operations)
-0.09
-0.12
0.52
-0.89
-0.24
-0.15
-0.56
-0.26
-0.40
-0.39
-0.22
-0.32
-0.58
-0.68
-1.82
6.28
6.57
  Other Income (Minority Interest)
83.42
117
-65.52
62.01
160
85.47
170
157
270
223
193
258
167
169
197
242
252
Net Income
5.83
6.98
-4.37
3.43
8.02
4.24
5.55
5.13
9.40
8.25
7.59
8.52
5.49
5.22
5.72
6.20
5.92
Net Margin %
1.66
2.35
-1.31
1.24
3.21
1.71
3.41
3.14
5.41
4.47
3.85
5.16
3.33
3.37
3.94
4.85
5.04
EPS (Basic)
1.66
2.35
-1.31
1.24
3.21
1.71
3.41
3.14
5.41
4.47
3.85
5.16
3.33
3.37
3.94
4.85
5.04
EPS (Diluted)
49.96
50.00
50.00
50.00
50.00
49.99
49.91
50.00
50.00
49.97
50.00
50.00
50.00
50.00
49.99
49.98
49.95
Shares Outstanding (Diluted Average)
131
159
40.47
115
208
85.77
223
268
391
328
279
325
234
243
270
329
365
EBIT
49.47
52.68
45.94
51.52
55.90
54.15
65.12
62.77
55.48
45.07
45.16
56.10
61.05
83.20
102
86.36
92.09
Depreciation, Depletion and Amortization
181
212
86.41
167
264
140
288
331
446
373
324
381
295
326
373
415
457
EBITDA
12.63
12.61
5.76
9.22
13.25
6.95
9.41
10.84
15.52
13.76
12.78
12.58
9.71
10.11
10.81
10.63
10.76
EBITDA Margin %
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  May 20, 2022
Industrias Bachoco SAB de CV (NYSE:IBA)
www.gurufocus.com/stock/NYSE:IBA

Financial Statement

Cashflow Statement

Dec06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
TTM Fiscal Period
83.51
117
-86.46
94.49
201
85.62
170
157
271
224
193
258
167
169
199
236
246
Net Income From Continuing Operations
49.47
52.68
45.94
51.52
55.90
54.15
65.12
62.77
55.48
45.07
45.16
56.10
61.05
83.20
102
86.36
92.09
Depreciation, Depletion and Amortization
-4.73
-30.99
-7.35
-2.63
-4.07
-31.60
1.13
-0.62
-45.85
30.35
-55.80
8.70
9.97
-16.76
-16.17
-38.78
-49.33
  Change In Receivables
-49.34
-105
-58.47
21.91
2.51
-53.02
-108
155
-22.69
-41.32
-53.77
-20.38
-4.30
-10.48
-49.92
-86.55
-142
  Change In Inventory
-1.02
-2.90
-1.84
-0.07
1.31
-15.73
-9.07
-22.10
-5.24
-23.53
4.02
45.64
-24.55
-4.98
1.65
-73.41
--   Change In Prepaid Assets
34.14
24.82
35.20
9.90
-10.69
33.52
42.09
-8.03
46.50
39.15
-0.94
-25.29
27.38
-5.72
16.28
209
118
  Change In Payables And Accrued Expense
-9.87
-6.31
60.69
-70.33
-38.41
1.14
3.73
-6.95
2.63
2.77
1.52
4.19
1.84
8.88
15.78
0.52
132
  Change In Other Working Capital
-30.82
-120
28.23
-41.22
-49.35
-65.69
-70.41
118
-24.66
7.41
-105
12.86
10.33
-29.07
-32.37
10.60
57.88
Change In Working Capital
31.86
15.65
--
--
--
-7.86
18.31
104
114
98.45
80.17
56.55
57.47
58.89
60.70
86.38
-- Deferred Tax
--
--
--
--
--
-76.03
--
--
--
2.26
--
--
1.07
3.86
--
0.26
-- Asset Impairment Charge
3.45
4.14
-6.56
0.69
4.56
-3.11
-8.12
-68.18
-72.34
-135
-66.23
-98.13
-123
-115
-38.22
-113
-32.20
Cash Flow from Others
137
69.02
-18.85
105
212
-12.92
175
373
343
242
147
286
174
171
291
306
364
Cash Flow from Operations
-78.82
-91.44
-86.17
-76.83
-45.24
-51.37
-73.98
-44.23
-88.74
-112
-136
-111
-98.40
-115
-118
-166
-188
Purchase Of Property, Plant, Equipment
--
--
4.27
1.29
3.40
6.09
6.34
4.44
4.29
4.18
13.58
1.83
1.61
10.32
1.19
1.42
3.61
Sale Of Property, Plant, Equipment
--
--
--
--
--
-96.32
--
-10.41
-9.62
-11.17
--
-130
--
--
--
--
-- Purchase Of Business
--
--
--
--
--
--
-42.85
-3.24
-9.62
-18.57
--
-8.22
--
-16.53
-72.84
-29.73
-- Purchase Of Investment
--
--
--
--
--
--
--
--
5.41
--
13.28
--
28.75
19.04
--
48.14
-- Sale Of Investment
-0.19
-0.14
12.86
37.80
8.61
-11.18
22.14
20.45
30.09
12.85
32.99
51.09
52.22
53.18
34.04
32.58
2.90
Cash From Other Investing Activities
-79.01
-91.58
-69.04
-37.75
-33.23
-153
-88.35
-32.99
-68.18
-125
-76.36
-196
-15.81
-49.14
-155
-114
-181
Cash Flow from Investing
1.64
--
--
--
--
0.43
7.50
0.25
0.59
3.18
0.25
--
0.09
0.48
0.61
0.67
-- Issuance of Stock
--
--
--
--
--
-0.45
-6.65
-0.24
-0.48
-2.38
-0.20
-0.09
-0.32
-0.56
-0.78
-2.22
-- Repurchase of Stock
--
3.69
39.88
81.22
62.87
140
239
116
100
229
113
280
168
253
202
81.67
44.81
  Issuance of Debt
-10.21
-1.29
-1.40
-54.94
-88.45
-56.23
-166
-168
-75.66
-131
-130
-221
-179
-269
-358
-126
-87.42
  Payments of Debt
-10.21
2.40
38.48
26.27
-25.58
83.27
72.99
-51.77
24.48
97.93
-17.07
59.07
-10.83
-15.41
-156
-43.83
-42.61
Net Issuance of Debt
-34.80
-33.53
-26.38
-19.44
-20.18
-21.77
-23.25
-73.05
--
-52.68
-38.05
-40.67
-42.39
-43.97
-39.67
-40.70
-42.50
Cash Flow for Dividends
0.00
3.54
-1.85
-7.01
-6.45
-2.05
-16.09
-17.46
-8.16
-8.68
-8.45
-13.41
-16.58
-17.39
-14.68
-11.29
-56.99
Other Financing
-43.37
-27.60
10.26
-0.17
-52.21
59.43
34.49
-142
16.42
37.37
-63.52
4.90
-70.04
-76.85
-211
-97.36
-142
Cash Flow from Financing
315
330
227
119
194
288
204
321
463
646
684
765
801
937
935
826
938
Beginning Cash Position
--
--
--
--
--
8.82
-0.64
-2.80
5.28
20.67
24.31
-19.98
1.65
-5.65
5.49
-6.82
--   Effect of Exchange Rate Changes
15.08
-50.16
-77.64
67.55
127
-97.44
121
195
297
175
31.29
74.37
90.24
39.83
-68.96
88.41
40.79
Net Change in Cash
330
280
149
187
320
191
325
516
759
821
715
839
891
977
866
914
979
Ending Cash Position
-78.82
-91.44
-86.17
-76.83
-45.24
-51.37
-73.98
-44.23
-88.74
-112
-136
-111
-98.40
-115
-118
-166
-188
Capital Expenditure
58.64
-22.42
-105
28.64
167
-64.28
101
329
255
130
10.65
175
76.04
56.31
174
140
176
Free Cash Flow
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  May 20, 2022
Industrias Bachoco SAB de CV (NYSE:IBA)
www.gurufocus.com/stock/NYSE:IBA

Financial Satement

Balance Sheet

Dec06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
TTM Fiscal Period
330
280
--
187
320
191
325
516
759
821
715
839
891
975
864
913
983
  Cash And Cash Equivalents
--
--
9.40
0.88
16.90
29.82
74.77
77.18
63.74
72.80
47.33
58.81
27.37
26.28
98.00
75.06
--   Marketable Securities
330
280
9.40
187
336
220
400
593
823
894
763
898
918
1,001
962
988
983
Cash, Cash Equivalents, Marketable Securities
49.70
111
101
108
77.74
162
135
125
111
105
116
134
122
132
135
148
236
  Accounts Receivable
30.42
--
--
--
44.47
--
43.45
53.05
94.00
55.21
67.97
54.78
51.87
71.07
83.30
95.87
--   Other Current Receivables
80.12
111
101
108
122
162
179
178
205
160
184
189
173
203
219
244
236
Total Receivables
100
219
200
177
230
172
264
133
130
113
113
140
129
142
176
197
--   Inventories, Raw Materials & Components
--
82.86
90.35
--
22.24
54.00
65.84
57.74
57.14
70.07
65.04
88.81
80.07
84.22
86.77
82.39
--   Inventories, Work In Process
3.93
5.22
5.35
4.48
6.66
8.48
27.95
19.39
17.56
16.41
15.27
17.87
18.64
20.25
21.82
25.38
--   Inventories, Finished Goods
101
--
--
99.62
-0.00
--
--
0.00
--
--
--
--
-0.00
0.00
--
0.00
491
  Inventories, Other
205
307
296
281
259
235
358
210
204
199
194
247
228
247
285
305
491
Total Inventories
17.49
33.34
173
38.37
51.93
175
182
201
203
195
173
138
162
177
167
272
74.79
Other Current Assets
632
732
579
614
770
792
1,118
1,184
1,436
1,448
1,314
1,472
1,482
1,628
1,633
1,809
1,785
Total Current Assets
--
--
--
--
--
--
2.62
2.75
2.84
3.08
3.20
3.37
3.29
3.43
3.58
3.54
-- Investments And Advances
74.71
78.97
66.88
72.89
76.51
75.09
82.09
81.26
75.35
68.00
59.03
70.59
68.57
81.32
82.94
80.25
--   Land And Improvements
1,222
1,290
1,112
1,230
674
680
730
734
666
587
517
597
594
666
666
671
--   Buildings And Improvements
127
128
108
113
734
751
819
847
772
717
680
839
860
997
1,039
1,080
--   Machinery, Furniture, Equipment
58.86
66.89
44.53
30.45
26.06
18.27
53.97
37.64
79.87
90.56
98.16
92.14
90.98
102
108
140
--   Construction In Progress
-0.00
--
--
--
2.25
2.02
3.02
2.06
1.48
0.51
0.25
0.14
0.22
0.19
0.40
0.35
1,080
  Other Gross PPE
1,482
1,564
1,331
1,447
1,513
1,526
1,688
1,702
1,595
1,463
1,355
1,599
1,614
1,847
1,896
1,971
1,080
Gross Property, Plant and Equipment
-577
-618
-534
-599
-658
-646
-749
-796
-753
-674
-592
-678
-702
-807
-849
-881
--   Accumulated Depreciation
905
946
797
848
854
879
939
906
842
789
763
920
913
1,040
1,046
1,090
1,080
Property, Plant and Equipment
29.74
30.35
22.42
23.39
24.28
21.84
23.38
29.38
27.84
30.90
24.25
140
130
123
121
114
-- Intangible Assets
27.69
27.74
22.42
23.39
24.28
21.84
23.38
26.46
24.09
26.61
23.65
85.06
81.19
82.66
82.70
80.69
--   Goodwill
48.96
54.74
52.25
59.38
62.30
101
96.60
99.04
91.11
98.37
95.81
101
103
121
127
137
357
Other Long Term Assets
984
1,031
871
931
941
1,002
1,062
1,037
964
921
886
1,165
1,149
1,288
1,297
1,345
1,437
Total Long-Term Assets
1,616
1,762
1,450
1,545
1,711
1,794
2,180
2,221
2,400
2,370
2,200
2,636
2,630
2,916
2,930
3,153
3,221
Total Assets
77.09
105
123
129
127
212
221
213
224
223
178
192
199
208
226
388
404
  Accounts Payable
--
22.44
24.49
--
2.24
--
8.61
45.03
63.85
26.13
34.06
50.76
25.28
18.73
59.63
34.42
26.29
  Total Tax Payable
--
2.47
3.75
39.29
25.61
5.70
42.10
28.04
27.57
26.61
31.16
27.88
37.07
31.18
30.74
49.71
0.00
  Other Current Payables
--
--
68.50
--
0.44
--
0.07
0.25
0.13
0.19
0.54
0.88
0.53
1.47
0.53
0.07
--   Current Accrued Expense
77.09
130
220
168
155
218
271
286
316
276
244
272
262
259
317
472
430
Accounts Payable & Accrued Expense
0.89
5.43
17.46
46.02
11.29
105
93.05
42.86
54.96
95.60
151
193
174
180
52.98
95.28
101
  Short-Term Debt
--
--
--
--
--
--
--
--
--
--
--
--
--
7.83
13.98
13.37
--   Short-Term Capital Lease Obligation
0.89
5.43
17.46
46.02
11.29
105
93.05
42.86
54.96
95.60
151
193
174
188
66.96
109
101
Short-Term Debt & Capital Lease Obligation
--
--
--
--
5.34
--
--
--
0.13
--
--
--
--
--
--
--
--   Current Deferred Revenue
--
--
--
--
5.34
--
--
--
0.13
--
--
--
--
--
--
--
-- DeferredTaxAndRevenue
28.76
--
--
-0.00
3.06
--
3.23
12.89
18.51
17.98
10.94
16.95
16.54
19.07
25.67
32.36
-- Other Current Liabilities
107
135
237
214
175
323
368
342
389
389
406
481
452
466
410
613
531
Total Current Liabilities
3.27
4.68
29.19
28.92
40.92
27.90
119
116
114
146
46.36
81.04
76.87
77.91
73.17
--
--   Long-Term Debt
--
8.89
--
7.36
--
--
--
--
--
--
--
--
--
34.21
22.08
17.76
--   Long-Term Capital Lease Obligation
3.27
13.56
29.19
36.28
40.92
27.90
119
116
114
146
46.36
81.04
76.87
112
95.25
17.76
-- Long-Term Debt & Capital Lease Obligation
0.00
0.01
0.05
0.07
0.04
0.11
0.14
0.10
0.10
0.15
0.13
0.15
0.13
0.14
0.08
0.06
0.04
Debt-to-Equity
--
--
--
--
6.29
7.26
7.51
3.71
6.26
9.39
9.51
13.19
15.07
25.54
29.67
31.36
-- PensionAndRetirementBenefit
201
219
128
157
163
174
202
210
212
197
191
200
187
204
194
184
191
NonCurrent Deferred Liabilities
7.29
--
6.01
--
-0.00
0.00
0.00
0.00
-0.00
-0.00
0.00
-0.00
-0.00
0.00
-0.00
0.00
55.28
Other Long-Term Liabilities
211
233
163
193
210
209
328
330
332
353
247
295
279
342
319
233
247
Total Long-Term Liabilities
318
368
401
407
385
533
696
672
722
742
652
776
731
808
729
846
778
Total Liabilities
211
212
171
178
94.79
85.26
91.29
90.27
80.88
68.80
57.29
61.24
58.44
61.48
58.84
56.12
57.16
Common Stock
1,262
1,431
874
823
1,189
1,134
1,353
1,429
1,550
1,450
1,378
1,688
1,731
1,907
1,984
2,095
2,296
Retained Earnings
-248
14.70
-65.52
--
7.16
11.10
5.64
-3.72
15.85
81.48
89.20
86.68
85.34
113
106
114
-- Accumulated other comprehensive income (loss)
68.46
68.56
55.43
57.90
32.25
29.01
31.06
30.72
27.52
24.25
20.21
21.61
20.62
21.70
20.71
19.79
-- Additional Paid-In Capital
0.00
-335
11.88
74.41
--
--
0.00
0.00
--
--
-0.00
0.00
-0.00
--
-0.00
--
68.19
Other Stockholders Equity
1,294
1,390
1,046
1,134
1,324
1,259
1,481
1,546
1,675
1,624
1,545
1,857
1,896
2,103
2,170
2,285
2,421
Total Stockholders Equity
4.18
4.31
2.97
3.90
2.41
2.77
2.85
3.02
3.07
2.96
2.63
3.08
3.46
4.21
30.52
22.83
22.24
Minority Interest
1,298
1,395
1,049
1,138
1,326
1,262
1,484
1,549
1,678
1,627
1,547
1,861
1,899
2,108
2,201
2,307
2,443
Total Equity
0.80
0.79
0.72
0.73
0.77
0.70
0.68
0.70
0.70
0.69
0.70
0.71
0.72
0.72
0.74
0.72
0.75
Equity-to-Asset
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  May 20, 2022
Industrias Bachoco SAB de CV (NYSE:IBA)
www.gurufocus.com/stock/NYSE:IBA

Valuation Ratios

Valuation Ratios

Dec06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
TTM Fiscal Period
15.71
13.69
At Loss
18.80
7.72
11.38
8.25
12.99
9.46
11.03
12.88
11.35
11.56
15.53
11.41
8.60
9.03
PE Ratio
15.71
13.69
At Loss
18.80
7.72
11.38
8.25
12.99
9.46
11.03
12.88
11.35
11.56
15.53
11.41
8.60
9.03
PE Ratio without NRI
14.72
318
--
115
11.63
51.54
12.41
6.99
10.10
11.16
32.90
11.60
11.81
19.70
12.27
8.26
7.15
Price-to-Owner-Earnings
1.12
1.14
0.69
1.01
0.91
0.76
0.94
1.30
1.49
1.52
1.59
1.54
1.04
1.24
1.04
0.93
0.93
PB Ratio
1.15
1.17
0.71
1.04
0.93
0.77
0.96
1.33
1.51
1.54
1.61
1.67
1.12
1.31
1.10
0.98
0.93
Price-to-Tangible-Book
22.28
--
--
40.72
7.42
--
13.85
6.19
10.05
18.96
233
16.75
25.33
46.51
12.93
14.86
13.16
Price-to-Free-Cash-Flow
9.51
23.25
--
11.06
5.83
--
8.00
5.46
7.45
10.19
16.89
10.25
11.04
15.28
7.72
6.80
6.29
Price-to-Operating-Cash-Flow
0.91
0.96
0.48
0.64
0.62
0.48
0.46
0.67
0.89
0.91
0.98
0.97
0.63
0.81
0.65
0.53
0.53
PS Ratio
--
0.69
--
--
1.98
2.50
0.65
0.69
0.43
0.37
0.53
0.72
1.53
--
5.33
1.40
2.15
PEG Ratio
0.69
0.80
0.50
0.59
0.48
0.44
0.40
0.53
0.66
0.67
0.76
0.76
0.42
0.60
0.43
0.32
0.32
EV-to-Revenue
5.46
6.36
8.74
6.39
3.62
6.34
4.24
4.85
4.27
4.87
5.91
6.06
4.28
5.89
3.97
3.00
3.02
EV-to-EBITDA
7.51
8.47
18.66
9.25
4.58
10.34
5.48
5.99
4.88
5.54
6.87
7.11
5.40
7.90
5.48
3.79
3.76
EV-to-EBIT
13.32
11.81
5.36
10.81
21.83
9.67
18.25
16.69
20.49
18.05
14.56
14.06
18.52
12.66
18.25
26.39
26.47
Earnings Yield (Joel Greenblatt) %
0.69
22.26
13.31
0.06
5.05
4.37
13.85
23.64
25.20
24.89
24.26
20.48
12.78
0.79
6.75
11.66
12.47
Forward Rate of Return (Yacktman) %
--
--
7.72
12.32
12.05
10.86
14.23
18.57
20.99
21.80
22.47
20.68
11.63
13.81
11.76
9.81
9.92
Shiller PE Ratio
2.22
2.04
4.53
1.53
1.56
2.42
1.60
1.34
--
2.28
1.68
1.48
2.25
1.68
1.50
2.00
1.96
Dividend Yield %

Valuation and Quality

Dec06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
TTM Fiscal Period
1,450
1,591
725
1,150
1,210
954
1,396
2,014
2,494
2,462
2,451
2,865
1,978
2,600
2,258
2,127
2,320
Market Cap
1,128
1,334
765
1,049
928
869
1,211
1,582
1,843
1,812
1,889
2,244
1,314
1,903
1,489
1,288
1,407
Enterprise Value
29.00
31.81
14.50
23.00
24.19
19.07
27.92
40.27
49.88
49.23
49.02
57.30
39.56
52.00
45.16
42.54
46.39
Month End Stock Price
0.15
-1.84
-7.88
-4.48
-1.02
-6.30
-5.98
-1.63
1.97
2.98
2.15
2.38
3.66
3.77
4.05
2.38
3.66
Net Cash per Share
6.20
7.19
3.50
4.06
7.65
5.13
8.38
10.18
14.22
14.07
13.17
13.86
14.93
16.31
17.46
18.79
19.69
Net Current Asset Value
2.94
2.90
-3.41
-0.05
2.74
-1.52
-0.38
2.36
5.68
6.55
5.83
6.86
7.76
8.22
8.94
7.65
12.10
Net-Net Working Capital
36.69
34.34
19.89
20.73
28.84
19.91
27.36
42.25
58.79
60.35
49.66
62.20
58.54
53.04
56.58
62.17
66.38
Intrinsic Value: Projected FCF
--
--
--
20.45
22.47
23.49
36.25
37.36
36.09
35.60
33.16
39.15
43.02
50.67
54.70
63.03
68.68
Median PS Value
--
45.76
--
--
--
--
42.30
55.10
117
114
93.00
77.74
26.50
--
--
30.46
35.80
Peter Lynch Fair Value
30.77
37.89
--
24.91
43.30
30.83
47.26
46.26
63.34
56.62
51.34
63.17
51.46
54.82
60.31
68.79
74.10
Graham Number
32.78
22.66
12.58
12.66
16.51
9.49
15.87
26.88
39.47
36.59
36.58
41.90
48.92
50.34
51.77
54.13
60.45
Earnings Power Value (EPV)
5.11
5.41
3.32
4.29
4.89
3.57
4.23
4.95
5.29
4.99
5.23
5.18
4.44
4.73
4.86
4.46
4.88
Altman Z-Score
5.00
5.00
3.00
7.00
8.00
4.00
8.00
6.00
9.00
4.00
4.00
6.00
6.00
6.00
8.00
8.00
7.00
Piotroski F-Score
-2.43
-1.36
-2.62
-2.63
-2.93
-0.75
-2.96
-2.98
-2.84
-2.36
-2.04
-2.23
-2.48
-2.49
-2.56
-2.48
-2.50
Beneish M-Score
0.65
0.70
0.62
0.71
0.67
0.69
0.72
0.51
0.46
0.41
0.41
0.56
0.47
0.54
0.48
0.49
0.50
Scaled Net Operating Assets
1.54
7.93
1.54
-0.37
-1.10
14.00
3.80
-8.26
-0.20
4.48
5.55
6.39
0.31
1.59
2.08
1.57
2.13
Sloan Ratio %
5.92
5.41
2.44
2.87
4.40
2.45
3.04
3.46
3.69
3.72
3.24
3.06
3.28
3.49
3.98
2.95
3.36
Current Ratio
4.01
3.14
1.19
1.56
2.92
1.72
2.07
2.85
3.16
3.21
2.76
2.55
2.77
2.96
3.29
2.45
2.44
Quick Ratio
3.09
2.07
0.04
0.88
1.92
0.68
1.09
1.74
2.11
2.30
1.88
1.87
2.03
2.15
2.35
1.61
1.85
Cash Ratio
N/A
10.57
0.14
5.32
26.66
--
37.02
33.74
60.96
53.78
36.97
27.59
19.94
13.78
19.79
43.31
11.08
Interest Coverage
29.00
33.62
27.34
23.92
25.55
23.79
27.92
41.26
55.16
63.09
49.54
62.43
60.19
57.64
50.31
45.65
47.80
Highest Stock Price
19.24
24.33
12.89
10.90
17.14
17.36
19.08
26.26
35.56
41.70
36.25
48.68
38.93
40.23
35.45
39.30
36.98
Lowest Stock Price
-0.11
--
--
--
--
--
-0.06
--
--
-0.03
--
--
0.01
--
0.01
0.07
-- Buyback Yield %
-2.65
17.26
-10.70
20.57
10.29
0.97
52.19
-0.42
-5.73
-5.82
-6.35
19.28
0.36
6.25
6.81
13.30
23.93
YoY Rev. per Sh. Growth
-51.89
40.99
-156
195
158
-46.76
99.47
-7.90
72.61
-17.40
-13.84
34.03
-35.46
1.23
16.93
22.87
44.45
YoY EPS Growth
-33.23
17.11
-59.22
92.94
58.55
-47.05
106
14.81
34.88
-16.45
-13.03
17.40
-22.53
10.64
14.20
11.37
-3.68
YoY EBITDA Growth
--
19.71
12.20
-0.74
3.89
4.56
12.68
18.94
22.18
29.91
24.36
15.72
7.57
-3.07
2.14
6.16
4.20
5-Year EBITDA Growth Rate
49.96
50.00
50.00
50.00
50.00
49.99
49.91
50.00
50.00
49.97
50.00
50.00
50.00
50.00
49.99
49.98
49.95
Shares Outstanding (Basic Average)
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
Shares Outstanding (EOP)
2.15
0.43
0.94
0.95
1.05
0.83
0.69
0.65
0.66
0.33
0.21
0.08
0.81
0.58
0.87
0.79
0.74
Beta
06/29/07
06/30/08
06/30/09
06/29/10
06/16/11
04/30/12
04/30/13
04/30/14
04/28/15
04/29/16
04/28/17
04/27/18
04/29/19
04/29/20
02/03/21
04/29/22
  Filing Date
06/30/08
06/30/09
06/29/10
06/16/11
04/30/13
04/30/14
04/28/15
04/29/16
04/28/17
04/27/18
04/29/19
04/29/20
04/29/21
04/29/22
04/29/22
04/29/22
  Restated Filing Date
01/27/17
02/01/18
01/31/19
02/05/20
02/04/21
02/04/22
  Earnings Release Date
--
48.00
114
38.00
289
287
351
--
--
--
--
--
--
--
--
--
-- Number of Shareholders
21,035
23,088
23,248
24,065
23,473
25,326
25,272
24,486
24,736
25,231
25,725
27,397
27,597
28,218
29,780
32,058
32,058
Number of Employees
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  May 20, 2022
Industrias Bachoco SAB de CV (NYSE:IBA)
www.gurufocus.com/stock/NYSE:IBA

Explanation

1. Predictability Rank

GuruFocus Predictability Rank is a proprietary ranking of the consistency of a business. We rank the predictability of companies based on the consistency of their revenue per share and EBITDA (earnings before interest, tax, depreciation and amortization) per share over the past 10 fiscal years. Our study found that there is a strong correlation between the stock performance and the predictability of a business. Over the long term, companies with higher predictability also have better stock performance.

The rank is from 1-star to 5-star, with 5-star as the best.

2. Financial Strength

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

  1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
  2. Debt to revenue ratio. The lower, the better.
  3. Altman Z-Score.

The rank is from 1 to 10, with 10 as the highest.

A Financial Strength rank of 8 or above indicates good financial strength; between 4-7 indicates fair financial strength; 3 or below means poor financial strength.

3. Profitability Rank

GuruFocus Profitability Rank indicates how profitable a company is and how likely it is that the company's business will stay that way. It is based on these factors:

  1. Operating Margin %.
  2. Piotroski F-Score.
  3. Trend of the Operating Margin percentage (five-year average). A company with an uptrend in profit margin will have a higher rank.
  4. Consistency of the profitability.
  5. Predictability Rank.

The rank is from 1 to 10, with 10 as the highest.

A Profitability Rank of 8 or above indicates good profitability; between 4-7 indicates fair profitability; 3 or below means poor profitability.

4. Peter Lynch Chart

In Peter Lynch's excellent book, "One Up on Wall Street," he used many charts to illustrate the valuation of stocks. “A quick way to tell if a stock is overpriced is to compare the price line to the earnings line. If you bought familiar growth companies – such as Shoney’s, The Limited, or Marriott – when the stock price fell well below the earnings line, and sold them when the stock price rose dramatically above it, the chances are you’d do pretty well.”

The original Peter Lynch Chart does have limitations due to the right side price scale is pre-set at 15 times the earnings scale on the left side. When the stock price and earnings line coincide, the price-to-earnings ratio is always 15 times. Instead of using the fixed PE Ratio of 15, our approach is using 15-year historical median PE without NRI Ratio for each stock.

The Peter Lynch Chart with earnings line at median PE without NRI ratio works well for the companies with steady growth and earnings trends, or the stalwarts, as coined by Lynch. These companies tend to be found in sectors such as consumer staples, healthcare, and utilities, where the consumption of the product or service is relatively independent of economic conditions. It does not work well with the sectors that are cyclical: industrials, chemicals, durable goods, and so forth.

5. GF Value

Based on the relationship between the current stock price and the GF Value, GuruFocus provides the following 6 evaluations:

  1. Possible Value Trap, Think Twice
  2. Significantly Overvalued
  3. Modestly Overvalued
  4. Fairly Valued
  5. Modestly Undervalued
  6. Significantly Undervalued
There is only a sufficient margin of safety when the stock is undervalued.

Disclaimer

GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.