PDF Report issued on the 11/03/2015

ORGANIZACION SORIANA SAB DE CV

Company Profile

BOLSA MEXICANA DE VALORES (MEXICAN STOCK EXCHANGE) / SORIANA B / MXP8728U1671

Business Summary

Sector

Organizacin Soriana SAB de CV operates a chain of supermarkets.

>> Supermarkets & Convenience Stores

The company's business divisions are made up of Groceries, Perishables, Clothing, General Merchandise and Others.

Income Statement Evolution

It retails and wholesales fresh produce, prepared foods, household electronics and apparel.

Organizacion Soriana SAB de CV :

The company was founded by Francisco Martin Borque and Armando Martin Borque in 1968 and is headquartered in
Monterrey, Mexico.

EPS - Rate of surprise

Organizacion Soriana SAB de CV :

Number of employees : 80 900 persons.

Managers

Sales per Businesses

Name

2012
MXN (in Million)

Supermarket

102,605

2013
%

100%

MXN (in Million)

102,853

97.9%

MXN (in Million)

Mexico

102,605

2013
%

100%

Upcoming events on ORGANIZACION SORIANA SAB DE CV

04/24/15
07/24/15

Q1 2015 Earnings Release (Projected)

Interim 2015 Earnings Release (Projected)

10/23/15

Q3 2015 Earnings Release (Projected)

MXN (in Million)

102,853

97.9%

Since

Ricardo Martn
Bringas

54

1991

Chief Executive Officer &

Director

+0.24%

Francisco Javier
Martn Bringas

62

1986

Chairman

Aurelio Oscar
Adn Hernndez

62

Chief Financial Officer & HeadInvestor Relations

Sergio Fernando
Martnez San
Germn

58

CTO, Director-Systems &

Administration

Ana Mara Martn

Bringas

64

1994

Delta
+0.24%

Director

Shareholders
Name

Shares

1,031,741,928

57.3%

518,745,099

28.8%

Aberdeen Asset Managers Ltd.

60,161,281

3.34%

23,357,662

1.30%

6,631,974

0.37%

Martin Bringas Family

Martin Soberon Family

Past events on ORGANIZACION SORIANA SAB DE CV

Title

Delta

Sales per Regions

2012

Age

10/24/14

Q3 2014 Earnings Release

Dimensional Fund Advisors LP

08/15/14

ex-dividend day for annual dividend

The Vanguard Group, Inc.

07/25/14
04/29/14 | 12:00pm

Interim 2014 Earnings Release

Annual General Meeting

Company contact info

Alejandro de Rodas 3102-A
Colonia Cumbres
8 Sector
Monterrey, Nuevo Leon 64610
Phone : +52.81.8329.9000
Fax : +52.81.8329.9122
Web : www.soriana.com.mx

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Page 1 of 6

PDF Report issued on the 11/03/2015

ORGANIZACION SORIANA SAB DE CV

Financials and Forecast

BOLSA MEXICANA DE VALORES (MEXICAN STOCK EXCHANGE) / SORIANA B / MXP8728U1671

Income Statement Evolution : Past and Forecast

Financial Ratios

Organizacion Soriana SAB de CV :

Size

Annual Income Statement Data : Past and Forecast

Actuals in M MXN
Fiscal Period December
Sales
Operating income (EBITDA)

2012

2013

Estimates in M MXN
2014

2015

2016

2017

104 611

105 028

101 829

108 222

113 154

116 835

7 407

7 534

7 700

8 115

8 573

2015e

2016e

Capitalization

59 724 M MXN

Entreprise Value (EV)

57 284 M MXN

55 246 M MXN

Valuation

2015e

2016e

PER (Price / EPS)

15,2x

14,4x

Capitalization / Revenue

0,55x

0,53x

EV / Revenue

0,53x

0,49x

EV / EBITDA

7,44x

6,81x

0,66%

1,19%

1,20x

1,12x

Operating profit (EBIT)

5 430

5 558

4 977

5 455

5 817

6 192

Pre-Tax Profit (EBT)

5 225

5 326

4 578

5 607

6 168

5 594

Net income

3 613

3 117

3 704

3 887

4 282

3 915

EPS ( MXN)

2,00

1,73

2,06

2,18

2,30

2,37

Operating Margin (EBIT / Sales)

operating Leverage (Delta EBIT / Delta Sales)

Yield (DPS / Price)

Price to book (Price / BVPS)
Profitability

Dividend per Share ( MXN)

Yield
Announcement Date

0,28

0,22

0,39

0,14

0,84%

0,66%

1,19%

0,42%

02/25/2013
04:41pm

Finances - Leverage : Past and Forecast

Organizacion Soriana SAB de CV :

02/28/2014
12:11am

02/25/2015
04:10pm

2015e

2016e

5,04% 5,14%
1,53x

1,46x

Net Margin (Net Profit / Revenue)

3,59% 3,78%

ROA (Net Profit / Asset)

4,73% 5,06%

ROE (Net Profit / Equities)

8,04% 8,23%

Rate of Dividend

10,0% 17,2%

Balance Sheet Analysis

2015e

2016e

CAPEX / Sales

3,08%

3,47%

Cash Flow / Sales (Taux d'autofinancement)

5,18%

5,13%

0,76x

0,75x

-0,32x

-0,55x

Capital Intensity (Assets / Sales)

Financial Leverage (Net Debt / EBITDA)

Revenue Revisions
Organizacion Soriana SAB de CV :

EPS Revisions
Organizacion Soriana SAB de CV :

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investment adviser. You understand that this web site and its content is furnished for your personal, noncommercial, informational purposes only, and that no mention
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Page 2 of 6

PDF Report issued on the 11/03/2015

ORGANIZACION SORIANA SAB DE CV

Analysts' Consensus

BOLSA MEXICANA DE VALORES (MEXICAN STOCK EXCHANGE) / SORIANA B / MXP8728U1671

Evolution of the average consensus target price

Organizacion Soriana SAB de CV :

Target Price consensus revisions : last 18 months

Organizacion Soriana SAB de CV :

Consensus

Sell

Mean consensus

Buy
HOLD

Number of Analysts

16

Average target price

39,3 MXN

Last Close Price

33,2 MXN

Spread / Highest target

39%

Spread / Average Target

18%
-4,0%

Spread / Lowest Target

Consensus detail
Organizacion Soriana SAB de CV :

Consensus revision (last 18 months)

Organizacion Soriana SAB de CV :

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investment adviser. You understand that this web site and its content is furnished for your personal, noncommercial, informational purposes only, and that no mention
of a particular security in this website constitutes a recommendation to buy, sell, or hold any other security, nor that any particular security, portfolio of securities,
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PDF Report issued on the 11/03/2015

ORGANIZACION SORIANA SAB DE CV

Sector and Competitors

BOLSA MEXICANA DE VALORES (MEXICAN STOCK EXCHANGE) / SORIANA B / MXP8728U1671

Chart Sector
Organizacion Soriana SAB de CV :

Subsector Supermarkets & Convenience Stores

1st jan.

Capitalisation (M$)

-19.43%

3 822

CARREFOUR

20.81%

24 020

ALIMENTATION COUCHE-TARD IN..

-4.65%

20 973

WHOLE FOODS MARKET, INC.

8.07%

19 658

DAIRY FARM INTERNATIONAL HO..

5.97%

13 102

EMAAR MALLS GROUP PJSC

5.22%

9 992

J SAINSBURY PLC

7.78%

7 676

METRO, INC.

11.56%

6 911

LAWSON INC

9.20%

6 597

CENCOSUD SA

--.--%

6 295

E MART CO LTD

--.--%

5 384

YONGHUI SUPERSTORES CO., LT..

7.00%

4 844

SHANGHAI BAILIAN GROUP INC ..

2.68%

4 839

FAMILYMART CO LTD

9.29%

4 267

GS HOLDINGS CORP.

--.--%

3 624

KESKO OYJ

14.91%

3 611

CASEY'S GENERAL STORES INC

-3.07%

3 401

GRUPO COMERCIAL CHEDRAUI SA..

12.29%

2 930

0.00%

2 826

26.95%

2 780

--.--%

2 693

ORGANIZACION SORIANA SAB DE..

AXFOOD AB
SONAE
ROBINSONS RETAIL HOLDINGS I..

Best Growth (Revenue) : Yonghui Superstores Co.

Best Profitability : Emaar Malls Group PJSC
Best Situation Fi. : FamilyMart Co Ltd
Best EPS revision 4m. : Casey's General Stores
Best Valuation : J Sainsbury plc
Best Investor Rating : Whole Foods Market, Inc

Growth (Revenue)

Profitability

Finances

Valuation

PER

EPS revision 4m.

Worst Growth (Revenue) : SONAE

Worst Profitability : Alimentation Couche-Tar
Worst Situation Fi. : Shanghai Bailian Group
Worst EPS revision 4m. : J Sainsbury plc
Worst Valuation : Shanghai Bailian Group
Worst Investor Rating : Shanghai Bailian Group

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investment adviser. You understand that this web site and its content is furnished for your personal, noncommercial, informational purposes only, and that no mention
of a particular security in this website constitutes a recommendation to buy, sell, or hold any other security, nor that any particular security, portfolio of securities,
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Page 4 of 6

PDF Report issued on the 11/03/2015

ORGANIZACION SORIANA SAB DE CV

Technical Analysis

BOLSA MEXICANA DE VALORES (MEXICAN STOCK EXCHANGE) / SORIANA B / MXP8728U1671

Daily chart

Technical analysis trends

Short Term

Mid-Term

Long Term

Bearish

Bearish

Bearish

35,3

39,5

41,3

Spread/Res.

-5,9%

-16%

-20%

Spread/Supp.

2,2%

2,2%

0,67%

Support

32,5

32,5

33,0

Trend
Resistance

Indicators
STIM
RSI 14 days
MA20
MA50
MA100
MA20 / Price
MA50 / Price
MA100 / Price

22.56
34.79
36.33
38.77
-4.85%
-9.49%
-16.85%

Volumes
Session volume
Avg. Volume 20 sessions
Volume ratio
Session exchange
Avg. Exchange 20 sessions
Number of securities
Swapped fund session

537 210
390 026
1.38
17 824 628MXN
12 941 063MXN
1 800 000 000
0.03%

Changes at 03/10 market close

Weekly chart

5-day price change

Change as of January 1
1-year price change
10-year price change

-2.41%
-17.67%
-14.40%
-21.95%

Extremes
10-year High (05/13/2013)
10-year Low (10/24/2008)

Disclaimer : 4-traders.com is a website published by SURPERFORMANCE SAS. Surperformance or 4-traders.com is not a registered broker-dealer nor a registered
investment adviser. You understand that this web site and its content is furnished for your personal, noncommercial, informational purposes only, and that no mention
of a particular security in this website constitutes a recommendation to buy, sell, or hold any other security, nor that any particular security, portfolio of securities,
transaction or investment strategy is suitable for any specific person.

50.94
17.9

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Page 5 of 6

PDF Report issued on the 11/03/2015

ORGANIZACION SORIANA SAB DE CV

Summary

BOLSA MEXICANA DE VALORES (MEXICAN STOCK EXCHANGE) / SORIANA B / MXP8728U1671

Strengths

Surperformance ratings of Organizacion Soriana

SAB de CV
Overall rating

The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.53 for
the 2015 fiscal year.
The difference between current prices and the average target price is rather important and implies
a significant appreciation potential for the stock.

Trading Rating
Investor Rating
Growth (Revenue)

Share prices are approaching a strong support area in daily data, which offers good timing for
investors.

Valuation

The current area is a good opportunity for investors interested in buying the stock in a mid or longterm perspective. Indeed, the share is moving closer to its lower bound at MXN 32.96 MXN in
weekly data.

Profitability

The company has solid fundamentals for a short-term investment strategy.

Finances

Earnings quality
Business Predictability
PER
Potential

Weaknesses

Yield

The group usually releases earnings worse than estimated.

The company is not the most generous with respect to shareholders' compensation.
For the last twelve months, sales expectations have been significantly downgraded, which means
that less important sales volumes are expected for the current fiscal year over the previous period.
For the past seven days, analysts have been lowering their EPS expectations for the company.
Most analysts recommend that the stock should be sold or reduced.

Consensus
7 days EPS revision
4 months EPS revision
1 year EPS revision
4 months Revenue revision
1 year Revenue revision

Surperformance rating of Organizacion Soriana

SAB de CV
Overall rating
Short Term Timing
Middle Term Timing
Long Term Timing
RSI
Bollinger Spread
Unusual Volumes
STIM

Disclaimer : 4-traders.com is a website published by SURPERFORMANCE SAS. Surperformance or 4-traders.com is not a registered broker-dealer nor a registered
investment adviser. You understand that this web site and its content is furnished for your personal, noncommercial, informational purposes only, and that no mention
of a particular security in this website constitutes a recommendation to buy, sell, or hold any other security, nor that any particular security, portfolio of securities,
transaction or investment strategy is suitable for any specific person.

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Page 6 of 6