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Internacional de Cerámica, S.A. (CERAMICB) Fair Value & Analysis

Industrials · MX · Market cap 13.5B MXN

ID Internacional de Cerámica, S.A. CERAMICB · MX
Price96.00 MXN
Fair Value55.06 MXN
Upside-42.7%
Quality63/100
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Mixed Growth
Thin margins · 1.5% net margin
Moderate debt · generates free cash flow
Trails peers (4/13)
Narrow moat 43/100
Evidence: Medium Range 41.30 MXN – 68.83 MXN Share as image

Fair value as of: Jul 19, 2026

From 25 valuation models · updated 21 days ago

A solid business, but screening 43% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (68.83 MXN). The favourable scenario is already priced in.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

97.50 MXN 41.34 MXN Fair Value 55.06 MXN Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 41.34 MXN – 97.50 MXN · fair‑value band 41.30 MXN – 68.83 MXN · the 96.00 MXN price screens above the 55.06 MXN fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Internacional de Cerámica, S.A. (CERAMICB) currently trades at 96.00 MXN, while our model-based Fair Value estimate is 55.06 MXN, implying the stock looks roughly 42.7% overvalued today. The Quality Score stands at 63/100 (solid 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: medium).

Over the trailing twelve months, Internacional de Cerámica, S.A. generated revenue of 11.3B MXN at a net margin of 1.5%. Revenue declined 20.6% year over year. It earns a return on equity of 5.6%. Net debt stands at 1.2B MXN. Fundamentals as of Jul 19, 2026

Our scenario range runs from 41.30 MXN (bear case) to 68.83 MXN (bull case); at 96.00 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 -33% fair-value upside, at -43%, CERAMICB 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 107.27 MXN 153.24 MXN 216.01 MXN 80
Residual Income 26.04 MXN 28.26 MXN 33.97 MXN 76
Rev-Margin DCF 61.68 MXN 89.29 MXN 119.48 MXN 74
All 25 models by family
DCF Models
FCF DCF 104.00 MXN 153.45 MXN 223.94 MXN 38
Owner Earnings 53.89 MXN 81.10 MXN 119.90 MXN 31
5Y Revenue Exit 61.68 MXN 87.49 MXN 118.32 MXN 39
5Y EBITDA Exit 97.89 MXN 151.87 MXN 211.81 MXN 41
5Y P/E Exit 56.03 MXN 77.43 MXN 98.17 MXN 38
10Y Revenue Exit 75.15 MXN 101.16 MXN 131.83 MXN 36
10Y EBITDA Exit 99.16 MXN 144.68 MXN 199.95 MXN 37
10Y P/E Exit 73.00 MXN 94.37 MXN 117.16 MXN 35
Earnings-Based
Graham-Dodd 17.83 MXN 41.79 MXN 53.76 MXN 54
PEG = 1.0 7.16 MXN 10.23 MXN 13.29 MXN 46
EPV 17.67 MXN 21.86 MXN 25.52 MXN 59
Dividend Discount
Gordon GGM 21.05 MXN 36.10 MXN 54.39 MXN 70
DDM Multi-Stage 21.05 MXN 31.16 MXN 42.32 MXN 61
Multiples
P/E Multiple 41.30 MXN 55.06 MXN 68.83 MXN 63
P/S Multiple 33.43 MXN 44.58 MXN 55.72 MXN 58
P/B Multiple 33.43 MXN 44.58 MXN 55.72 MXN 55
EV/EBIT 59.82 MXN 82.24 MXN 104.67 MXN 53
EV/EBITDA 108.92 MXN 147.71 MXN 186.51 MXN 54
EV/Revenue 40.56 MXN 61.14 MXN 81.72 MXN 43
Asset-Based
NCAV (Graham) 15.23 MXN 20.40 MXN 30.45 MXN 50
Growth DCF
Growth DCF 107.27 MXN 153.24 MXN 216.01 MXN 80
Rev-Margin DCF 61.68 MXN 89.29 MXN 119.48 MXN 74
Economic Profit
Residual Income 26.04 MXN 28.26 MXN 33.97 MXN 76
ROIC Compounder 17.67 MXN 21.86 MXN 25.52 MXN 72
Growth Earnings
Growth-Adj P/E 31.23 MXN 44.62 MXN 58.00 MXN 68

Widest divergence: DCF Models (94.37 MXN) versus Asset-Based (20.40 MXN). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 11.3B MXN
Revenue growth (YoY) -20.6%
Net margin 1.5%
Return on equity 5.6%
Free cash flow 1.5B MXN FY2023
P/E ratio 29.1
More key figures
Operating margin 15.2%
EPS (TTM) 3.30 MXN
EPS growth (YoY) -29.8%
Net debt 1.2B MXN FY2023

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 63 · Market factors (momentum, volatility) 56

Profitability 51
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 83
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 88
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

Internacional de Cerámica, S.A.B. de C.V. engages in the production, marketing, and distribution of ceramic products in Mexico, the United States, China, and Guatemala.

Full company description

Internacional de Cerámica, S.A.B. de C.V. engages in the production, marketing, and distribution of ceramic products in Mexico, the United States, China, and Guatemala. The company offers floor and covering products, including floor, wall, special pieces, and decorative profiles; bathroom products, such as sanitary, sink, furniture vanities, taps, tubs, watering cans, cancels, accessories, and institutional; kitchen products, comprising of taps, tarjas, and accessories; and installation materials, such as stickers, nozzles, installation accessories, specialized materials, tools, cleaners, and additives. Internacional de Cerámica, S.A.B. de C.V. was formerly known as Internacional de Cerámica Sociedad Anónima de Capital Variable and changed its name to Internacional de Cerámica, S.A.B. de C.V. in 1987. Internacional de Cerámica, S.A.B. de C.V. was incorporated in 1978 and is based in Chihuahua, Mexico.

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

Revenue & earnings trend

FY2019 – FY2023 · reported fiscal years

Internacional de Cerámica, S.A. reported revenue of 12.0B MXN in FY2023 versus 10.5B MXN in FY2019, a compound +3.5%/yr. Reported net income was 370M MXN in FY2023, compounding −0.3%/yr from FY2019.

Growth Quality 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2023)
12.0B MXN
Latest YoY
−14.6%
Avg. growth/yr (3Y)
+3.5%
Avg. growth/yr (5Y)
+3.2%
Avg. growth/yr (10Y)
+6.0%
Revenue +3.5%/yr
FY19 10.5B MXN
FY20 10.8B MXN
FY21 12.4B MXN
FY22 14.0B MXN
FY23 12.0B MXN
Net income −0.3%/yr
FY19 375M MXN
FY20 145M MXN
FY21 315M MXN
FY22 811M MXN
FY23 370M MXN

CERAMICB screens 43% overvalued. Compare with Trane Technologies plc →

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Cite: Fair Value Calculator (2026). "Internacional de Cerámica, S.A. Fair Value". https://www.fairvalue-calculator.com/stock/CERAMICB

Peer Group

Building Products & Equipment · 247 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 63 · Above median
Fair Value upside −43% · Below median
Return on equity (TTM) 6% · Below median
Return on assets 4% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 15% · Top 25%
Revenue growth -21% · Bottom 25%
Debt / equity 0.71× · Higher than 75% of peers

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/E (TTM) 29.1× · Pricier than median
P/B 3.15× · Pricier than 75% of peers
P/S (TTM) 1.20× · Pricier than median
P/FCF 0.5× · Cheaper than median
EV/EBITDA 9.3× · 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 4
FUTURE 0 · sector 9
PAST 22 · sector 23
HEALTH 64 · sector 94
DIVIDEND 0 · sector 28

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

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 Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $469.98 $212.34 -55%
Johnson Controls International plc JCI $142.81 $45.65 -68%
Carrier Global Corporation CARR $68.61 $17.35 -75%
Compagnie de Saint-Gobain S.A SGO €76.62 €101.60 +33%
Geberit AG GEBN CHF 523.20 CHF 307.66 -41%
Lennox International Inc LII $543.93 $363.09 -33%
Kingspan Group KRX €87.30 €70.76 -19%
Masco Corporation MAS $78.04 $54.36 -30%
PT Impack Pratama Industri Tbk, IMPC 1,420 IDR 179.76 IDR -87%
NIBE Industrier AB NIBEB kr 36.03 kr 25.37 -30%

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Frequently asked questions

Is Internacional de Cerámica, S.A. (CERAMICB) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 55.06 MXN versus a price of 96.00 MXN, about −43% (overvalued).
What is the fair value of CERAMICB?
Our model-based fair value for Internacional de Cerámica, S.A. is 55.06 MXN (as of Jul 19, 2026), built from audited fundamentals. The current price is 96.00 MXN.
What is the quality score of CERAMICB?
Internacional de Cerámica, S.A. has a Quality Score of 63/100. 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 Internacional de Cerámica, S.A. (CERAMICB)?
Internacional de Cerámica, S.A. reported trailing-twelve-month revenue of about 11.3B MXN (latest available figure, as of Jul 19, 2026).
What is the net profit margin of CERAMICB?
The net profit margin of Internacional de Cerámica, S.A. is about 1.5%, meaning it keeps roughly 1.5% of revenue as net income. 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.

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