Introduction to Fibra Infraestructura y Energía México (FIBRAeMX)
Fibra Infraestructura y Energía México (FIBRAeMX) is a Mexican infrastructure and energy trust that focuses on acquiring minority stakes in high-cash-generating assets managed by major operators. The company has recently garnered attention after receiving a ‘Market Outperformer’ recommendation from Grupo Bursátil Mexicano (GBM) Casa de Bolsa.
GBM’s Analysis and Recommendation
According to GBM analysts, Fibra Infraestructura y Energía México (FIBRAeMX) strikes a balance between attractive yields and stable cash flows by concentrating on minority interests in high-cash-generating assets managed by leading operators. The company benefits from exposure to a diversified portfolio of high-traffic freight toll roads, ensuring predictable and resilient cash flows.
Unlike many toll road operators that rely on new government concessions for growth, Fibra Infraestructura y Energía México (FIBRAeMX) capitalizes on consolidated assets, providing more predictable returns.
GBM accompanied its recommendation with a target price of 48.3 pesos per share, implying a potential return of approximately 72% based on current market levels.
FIBRAeMX’s Performance and Recent Developments
Fibra Infraestructura y Energía México (FIBRAeMX) certificates debuted in March 2023 on the Mexican stock market through the Bolsa Institucional de Valores (Biva). The certificates have yielded 11.6% so far this year, surpassing the S&P/BMV IPC’s 8.3% return, which is the most representative index of the local market.
At its debut, Fibra Infraestructura y Energía México (FIBRAeMX) raised 6,639.6 million pesos (approximately 367 million USD) in a primary public offering of securities. The company started trading with an initial portfolio of 1,008 kilometers of toll roads, comprising seven concessions across 14 road segments in 11 states, representing roughly 9% of the nation’s toll roads.
In February 2023, Fibra Infraestructura y Energía México (FIBRAeMX) conducted its second issuance of exchange-traded securities to invest in the Amozoc-Perote highway. This second issuance raised nearly 3,900 million pesos, with 1,900 million pesos coming from the issuance of new exchange-traded securities.
Key Questions and Answers
- Who is Fibra Infraestructura y Energía México (FIBRAeMX)? Fibra Infraestructura y Energía México (FIBRAeMX) is a Mexican infrastructure and energy trust that focuses on acquiring minority stakes in high-cash-generating assets managed by leading operators.
- What is the significance of GBM’s ‘Market Outperformer’ recommendation? The ‘Market Outperformer’ recommendation from GBM Casa de Bolsa indicates that analysts believe Fibra Infraestructura y Energía México (FIBRAeMX) has the potential for above-average returns compared to the broader market.
- What is Fibra Infraestructura y Energía México (FIBRAeMX)’s current performance? Fibra Infraestructura y Energía México (FIBRAeMX) certificates have yielded 11.6% so far in 2023, outperforming the S&P/BMV IPC’s return of 8.3%.
- What recent developments has Fibra Infraestructura y Energía México (FIBRAeMX) been involved in? Fibra Infraestructura y Energía México (FIBRAeMX) debuted on the Mexican stock market in March 2023 and has since conducted two issuances of exchange-traded securities to invest in highway projects, raising a total of approximately 3,900 million pesos.
