Equity Analysis /
Mexico

Promotora y Operadora de Infraestructura: Flash PINFRA: Will propose a dividend with a 4.6% yield

  • Pinfra announced it will propose an MXN 7.2976 cash dividend per share, representing a 4.6% yield at current prices

  • We consider this news as favorable, which we believe is due to a solid recovery in company’s results

  • The expectation of higher cash flow generation and an attractive valuation, confirms our positive view on the company

Jose Itzamna Espitia Hernandez
Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation

Follow
Marissa Garza Ostos
Marissa Garza Ostos

Head of Equity Research

Follow
Banorte
10 January 2022
Published byBanorte

Pinfra announced that at its Annual Ordinary Shareholders' Meeting to be held on January 26, 2022, a cash dividend of MXN 7.2976 per share will be proposed, representing a 4.6% yield at current price levels.

Positive Implication: We consider this news as favorable, which we believe is due to a solid recovery in company’s results. In this way, the interesting dividend yield, the expectation of good growth and higher cash flow generation in the year, as well as an attractive valuation (current 7.9x FV/EBITDA vs. 9.5x L3Y average), makes us maintain our positive vision for the company.