EN DE

Grupo Aeroméxico, S.A. (AEROMEX) Fair Value & Analysis

Industrials · MX · Market cap 22.8B MXN

GA Grupo Aeroméxico, S.A. AEROMEX · MX
Price167.00 MXN
Fair Value51.94 MXN
Upside-68.9%
Quality35/100
Watch Grupo Aeroméxico, S.A. for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Loss-making · -19.4% net margin
Negative equity (buybacks among others) · generates free cash flow
Mixed vs. peers (5/12)
Narrow moat 17/100
Evidence: High Range 41.45 MXN – 67.20 MXN Share as image

Fair value as of: Jul 11, 2026

From 19 valuation models · updated 29 days ago

Below-average quality, and screening another 69% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (67.20 MXN). The favourable scenario is already priced in.
  • Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

373.87 MXN 0.4400 MXN Fair Value 51.94 MXN Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range 0.4400 MXN – 373.87 MXN · fair‑value band 41.45 MXN – 67.20 MXN · the 167.00 MXN price screens above the 51.94 MXN fair value. Dashed = 300-day average. As of Jul 11, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Grupo Aeroméxico, S.A. (AEROMEX) currently trades at 167.00 MXN, while our model-based Fair Value estimate is 51.94 MXN, implying the stock looks roughly 68.9% overvalued today. The Quality Score stands at 35/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Grupo Aeroméxico, S.A. generated revenue of 68.8B MXN at a net margin of -19.4%. Revenue grew 61.7% year over year. Net debt stands at 102M MXN. Fundamentals as of Jul 11, 2026

Our scenario range runs from 41.45 MXN (bear case) to 67.20 MXN (bull case); at 167.00 MXN, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 40% fair-value upside, at -69%, AEROMEX screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 38.77 MXN 53.08 MXN 77.55 MXN 80
Rev-Margin DCF 41.85 MXN 64.13 MXN 91.26 MXN 74
ROIC Compounder 52.30 MXN 61.10 MXN 68.80 MXN 72
All 19 models by family
DCF Models
FCF DCF 37.02 MXN 51.76 MXN 79.06 MXN 38
Owner Earnings 49.07 MXN 68.53 MXN 104.59 MXN 31
5Y Revenue Exit 41.85 MXN 63.25 MXN 94.40 MXN 39
5Y EBITDA Exit 73.00 MXN 117.19 MXN 175.71 MXN 41
5Y P/E Exit 35.31 MXN 51.94 MXN 71.83 MXN 38
10Y Revenue Exit 38.35 MXN 54.15 MXN 71.27 MXN 36
10Y EBITDA Exit 58.57 MXN 87.51 MXN 119.01 MXN 37
10Y P/E Exit 35.69 MXN 47.15 MXN 58.02 MXN 35
Earnings-Based
Graham-Dodd 17.54 MXN 21.44 MXN 24.12 MXN 54
EPV 52.30 MXN 61.10 MXN 68.80 MXN 59
Multiples
P/E Multiple 40.62 MXN 54.16 MXN 67.70 MXN 63
P/S Multiple 32.88 MXN 43.85 MXN 54.81 MXN 58
EV/EBIT 78.04 MXN 104.23 MXN 130.42 MXN 53
EV/EBITDA 111.75 MXN 149.17 MXN 186.60 MXN 54
EV/Revenue 48.99 MXN 70.21 MXN 91.43 MXN 43
Growth DCF
Growth DCF 38.77 MXN 53.08 MXN 77.55 MXN 80
Rev-Margin DCF 41.85 MXN 64.13 MXN 91.26 MXN 74
Economic Profit
ROIC Compounder 52.30 MXN 61.10 MXN 68.80 MXN 72
Growth Earnings
Growth-Adj P/E 28.68 MXN 40.98 MXN 53.27 MXN 68

Widest divergence: Multiples (70.21 MXN) versus Earnings-Based (21.44 MXN). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 68.8B MXN
Revenue growth (YoY) +61.7%
Net margin -19.4%
Free cash flow 527M MXN FY2025
Operating margin 0.4%
EPS (TTM) -129.63 MXN
More key figures
Net debt 102M MXN FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 35/100

Of which business quality 40 · Market factors (momentum, volatility) 56

Profitability 42
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Grupo Aeroméxico, S.A.B. de C.V., through its subsidiaries, provides commercial aviation services for passengers and cargo. It provides services to 43 destinations in Mexico and 42 international destinations from Mexico. The company also promotes passenger loyalty programs.

Full company description

Grupo Aeroméxico, S.A.B. de C.V., through its subsidiaries, provides commercial aviation services for passengers and cargo. It provides services to 43 destinations in Mexico and 42 international destinations from Mexico. The company also promotes passenger loyalty programs. As of July 19, 2019, it had a fleet of 122 airplanes that include Boeing 787 and 737 jet airliners and Embraer 170 and 190 models. The company was founded in 1934 and is headquartered in Mexico City, Mexico.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Grupo Aeroméxico, S.A. reported revenue of 5.4B MXN in FY2025 versus 45.5B MXN in FY2021, a compound −41.4%/yr. Reported net income was 352M MXN in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
5.4B MXN
Latest YoY
−4.6%
Avg. growth/yr (3Y)
+12.0%
Avg. growth/yr (5Y)
−28.4%
Avg. growth/yr (17Y)
−8.5%
Revenue −41.4%/yr
FY21 45.5B MXN
FY22 3.8B MXN
FY23 4.9B MXN
FY24 5.6B MXN
FY25 5.4B MXN
Net income
FY21 −18.8B MXN
FY22 −64.2M MXN
FY23 273M MXN
FY24 617M MXN
FY25 352M MXN

AEROMEX screens 69% overvalued. Compare with Delta Air Lines, Inc →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Grupo Aeroméxico, S.A. Fair Value". https://www.fairvalue-calculator.com/stock/AEROMEX

Peer Group

Airlines · 60 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 35 · Bottom 25%
Fair Value upside −69% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) -19% · Bottom 25%
Operating margin (TTM) 0% · Below median
Revenue growth 62% · Top 25%

Valuation Multiples vs Airlines median · lower = cheaper

P/S (TTM) 0.02× · Cheaper than 75% of peers
P/FCF 2.5× · Cheaper than median
EV/EBITDA 0.6× · Cheaper than 75% of peers
PEG 1.20× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 37
FUTURE 100 · sector 46
PAST 0 · sector 46
HEALTH 100 · sector 72
DIVIDEND 0 · sector 41

VALUE 0: the price sits above our fair-value range.

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Airlines stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Delta Air Lines, Inc DAL $84.17 $118.24 +40%
United Airlines Holdings UAL $120.97 $175.62 +45%
Ryanair Holdings RYA €25.47 €41.26 +62%
Southwest Airlines Co LUV $47.56 $14.76 -69%
InterGlobe Aviation Limited INDIGO ₹5,249 ₹3,704 -29%
Singapore Airlines Limited C6L 7.60 SGD 7.89 SGD +4%
Air China Limited 601111 ¥5.97 ¥7.16 +20%
LATAM Airlines Group LTM $54.87 $106.79 +95%
Deutsche Lufthansa AG 1LHA €8.57 €15.42 +80%
China Southern Airlines Company 600029 ¥4.99 ¥1.28 -74%

Compare Grupo Aeroméxico, S.A. with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Grupo Aeroméxico, S.A. (AEROMEX) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 51.94 MXN versus a price of 167.00 MXN, about −69% (overvalued).
What is the fair value of AEROMEX?
Our model-based fair value for Grupo Aeroméxico, S.A. is 51.94 MXN (as of Jul 11, 2026), built from audited fundamentals. The current price is 167.00 MXN.
What is the quality score of AEROMEX?
Grupo Aeroméxico, S.A. has a Quality Score of 35/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Grupo Aeroméxico, S.A. (AEROMEX)?
Grupo Aeroméxico, S.A. reported trailing-twelve-month revenue of about 68.8B MXN (latest available figure, as of Jul 11, 2026).
What is the net profit margin of AEROMEX?
The net profit margin of Grupo Aeroméxico, S.A. is about -19.4%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Grupo Aeroméxico, S.A. and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.