Relevant Financial Information
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Debt
| HERDEZ13 | HERDEZ17 | HERDEZ20 | HERDEZ20-2 | Bancomext | |
|---|---|---|---|---|---|
| Amount (Ps. Million) | $2,000 | $2,000 | $2,500 | $1,000 | $2,000 |
| Issuance date | Nov 15, 2013 | June 1, 2017 | August 25, 2020 | August 25, 2020 | October 29, 2019 |
| Expiration date | Nov 3, 2023 | May 20, 2027 | August 13, 2030 | August 19, 2025 | October 29, 2029 |
| Term | 10 years | 10 years | 10 years | 5 years | 10 years |
| Rate | Fixed – 8.02% | Fixed – 9.22% | Fixed – 7.78% | Floating – TIIE28 + 89 pb | Floating – TIIE91 + 140 pb |
| Capital | Bullet payment | Bullet payment | Bullet payment | Bullet payment | Biannual |
| Placement Broker | Casa de Bolsa BBVA Bancomer, S.A. de C.V., Grupo Financiero Bancomer HSBC Casa de Bolsa, S.A. de C.V., Grupo Financiero HSBC | Casa de Bolsa BBVA Bancomer, S.A. de C.V., Grupo Financiero Bancomer | Casa de Bolsa BBVA Bancomer, S.A. de C.V., Grupo Financiero BBVA Bancomer Casa de Bolsa BBVA Bancomer, S.A. de C.V., Grupo Financiero BBVA Bancomer Citibanamex Casa de Bolsa, S.A. de C.V., Casa de Bolsa, integrante de Grupo Financiero Citibanamex | ||
Herdez – Prospectus (with exhibits) (Spanish only)
Fixed Rate Supplement (HERDEZ 20) (Spanish only)
Variable Rate Supplement – (HERDEZ 20-2) (Spanish only)
| Rating agency | Standard and Poor’s | Fitch Ratings |
|---|---|---|
| Debt instrument | Local Bonds HERDEZ13, HERDEZ17, HERDEZ20 & HERDEZ20-2 | |
| Rating | mxAA | AA(mex) |
| Outlook | Stable | Negative |
| Release date | November 22, 2021 | May 19, 2021 |
- Bank loan
- Herdez 20
- Herdez 13
- Herdez 20-2
- Herdez 17
Debt rating
Agency | S & P Ratings | Fitch Ratings |
|---|---|---|
Rating | mxAA | AA(mex) |
Perspective | Stable | Negative |
Rates Mix
Financial Debt | 10,000 |
|---|---|
Average Cost | 7.64% |
Net Debt / EBITDA | 1.9 |
Net Debt / Shareholder’s Equity | 0.4 |
Consolidated figures in millions of mexican pesos. The debt mix includes hedges.
Additional information
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS (Shares) | 0 | 0 | 0 | 30.1 | 0 | 0 | 40.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend per share | 0.50 | 0.50 | 0.75 | 0.85 | 0.85 | 0.85 | 0.85 | 0.90 | 0.90 | 0.90 | 1.00 | 1.1 | 1.1 | 1.2 |
| Payout ratio | 37% | 29% | 41% | 48% | 46% | 60% | 48% | 100% | 54% | 37% | 37% | 44% | 51% | 51% |
| Yield | 4.0% | 2.9% | 3.4% | 3.4% | 2.1% | 1.8% | 2.4% | 2.0% | 2.4% | 2.0% | 2.4% | 2.7% | 3.1% | 2.8% |
Dividends paid in cash and/or shares only consider shares outstanding, i.e., shares of the repurchase fund are not included.
DPS: dividend per share
Return = Ordinary dividend per share / Closing stock price on ex-dividend date.
2021*: Calculation based on the last 12 months.
Historical Dividends | Dividend Yield
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| 2.4% | 2.0% | 2.4% | 2.2% | 2.4% | 2.7% | 3.1% | 2.8% |
| Shares outstanding | 355 M |
| Treasury Stock | 7 M |
| EPS* 2021 vs 2020 | (7.8%) |
| Dividend payment | 51% |
| Dividend yield | +2.8% |
The main objective of the Buyback Program is to benefit the liquidity of the stock by increasing the volume traded. The Company buys the shares in the market and keeps them in the Treasury.
On April 21, 2022, the Shareholders’ Meeting approved a maximum amount of $2.5 billion pesos to be allocated for the Share Buyback Program and to be spent in the next 12 months.
| TERM | AMOUNT | VOLUME |
| 3Q20 | $253,888,979 | 6,553,371 |
| 4Q20 | $258,686,358 | 6,549,726 |
| 1Q21 | $132,992,924 | 3,108,129 |
| 2Q21 | $397,820,287 | 8,865,217 |
| 3Q21 | $83,226,363 | 2,031,352 |
| 4Q21 | $143,892,937 | 3,785,930 |
| 1Q22 | $65,429,599 | 2,287,828 |