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Financiera Independencia S.A. (FINDEP) Fair Value & Analysis

Financial Services · MX · Market cap 2.5B MXN

FI Financiera Independencia S.A. FINDEP · MX
Price7.40 MXN
Fair Value14.80 MXN
Upside+100.0%
Quality67/100
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Weak Growth
Solidly profitable · 16.9% net margin
Moderate debt · generates free cash flow
Ranks above peers (8/13)
Moderate moat 60/100
Evidence: High Range 11.10 MXN – 18.50 MXN Share as image

Fair value as of: Jul 20, 2026

From 12 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from 15.94 MXN to 14.80 MXN (−7.2%) since Jun 26, 2026. Share price −4.4% over the past month.

A solid business, screening 100% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (11.10 MXN). The market is more pessimistic than our downside scenario.
  • Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

8.40 MXN 3.50 MXN Fair Value 14.80 MXN Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 3.50 MXN – 8.40 MXN · fair‑value band 11.10 MXN – 18.50 MXN · the 7.40 MXN price screens below the 14.80 MXN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Financiera Independencia S.A. (FINDEP) currently trades at 7.40 MXN, while our model-based Fair Value estimate is 14.80 MXN, implying the stock looks roughly 100.0% undervalued today. The Quality Score stands at 67/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Financiera Independencia S.A. generated revenue of 3.5B MXN at a net margin of 16.9%. Revenue declined 8.0% year over year. It earns a return on equity of 9.7%. Net debt stands at 3.3B MXN. Fundamentals as of Jul 20, 2026

Our scenario range runs from 11.10 MXN (bear case) to 18.50 MXN (bull case); at 7.40 MXN, the current price sits below 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 about 12% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -41% fair-value upside, at 100%, FINDEP screens cheaper 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 Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 47.59 MXN 67.21 MXN 94.15 MXN 80
Residual Income 14.56 MXN 16.33 MXN 23.69 MXN 76
Rev-Margin DCF 18.16 MXN 25.98 MXN 35.05 MXN 74
All 12 models by family
DCF Models
Owner Earnings 10.66 MXN 18.43 MXN 29.61 MXN 31
5Y P/E Exit 20.63 MXN 29.14 MXN 37.68 MXN 38
10Y P/E Exit 30.08 MXN 38.69 MXN 47.36 MXN 35
Earnings-Based
Graham-Dodd 12.32 MXN 24.62 MXN 30.93 MXN 54
Dividend Discount
Gordon GGM 32.53 MXN 45.83 MXN 59.07 MXN 70
DDM Multi-Stage 32.53 MXN 45.04 MXN 59.00 MXN 61
Multiples
P/E Multiple 17.66 MXN 23.55 MXN 29.44 MXN 63
P/B Multiple 16.98 MXN 22.64 MXN 28.30 MXN 55
Asset-Based
NCAV (Graham) 8.09 MXN 10.84 MXN 16.17 MXN 50
Growth DCF
Growth DCF 47.59 MXN 67.21 MXN 94.15 MXN 80
Rev-Margin DCF 18.16 MXN 25.98 MXN 35.05 MXN 74
Economic Profit
Residual Income 14.56 MXN 16.33 MXN 23.69 MXN 76

Widest divergence: Dividend Discount (45.04 MXN) versus Asset-Based (10.84 MXN). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.5B MXN
Revenue growth (YoY) -8.0%
Net margin 16.9%
Return on equity 9.7%
Free cash flow 1.9B MXN FY2025
P/E ratio 3.7
More key figures
Operating margin 24.4%
EPS (TTM) 2.01 MXN
EPS growth (YoY) -15.4%
Net debt 3.3B MXN FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 64 · Market factors (momentum, volatility) 52

Profitability 46
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 98
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 29
Distance to the 52-week high (market factor)
Net Issuance 82
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

Financiera Independencia S.A.B. de C.V. SOFOM E.N.R., a non-bank entity, offers micro-lending services in Mexico and the United States. The company provides unsecured loans to individuals with low income and minimum wage, informal sector, and mothers, as well as individuals with proven income as employees, self-employed, or independent contractors.

Full company description

Financiera Independencia S.A.B. de C.V. SOFOM E.N.R., a non-bank entity, offers micro-lending services in Mexico and the United States. The company provides unsecured loans to individuals with low income and minimum wage, informal sector, and mothers, as well as individuals with proven income as employees, self-employed, or independent contractors. It also offers consumer credit granting; administrative; and call center, promotion, marketing, and other services. The company was founded in 1993 and is based in Mexico City, Mexico.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Financiera Independencia S.A. reported revenue of 5.0B MXN in FY2025 versus 4.2B MXN in FY2021, a compound +4.2%/yr. Reported net income was 611M MXN in FY2025, compounding +15.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
5.0B MXN
Latest YoY
−1.4%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.7%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.6%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.1%
Revenue +4.2%/yr
FY21 4.2B MXN
FY22 4.9B MXN
FY23 4.9B MXN
FY24 5.0B MXN
FY25 5.0B MXN
Net income +15.2%/yr
FY21 347M MXN
FY22 625M MXN
FY23 710M MXN
FY24 804M MXN
FY25 611M MXN

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Cite: Fair Value Calculator (2026). "Financiera Independencia S.A. Fair Value". https://www.fairvalue-calculator.com/stock/FINDEP

Peer Group

Credit Services · 331 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 67 · Top 25%
Fair Value upside +100% · Top 25%
Return on equity (TTM) 10% · Above median
Return on assets 5% · Above median
Net margin (TTM) 17% · Below median
Operating margin (TTM) 24% · Below median
Revenue growth -8% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.89× · Higher than median

Valuation Multiples vs Credit Services median · lower = cheaper

P/E (TTM) 3.7× · Cheaper than 75% of peers
P/B 0.46× · Cheaper than 75% of peers
P/S (TTM) 0.72× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers

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 100 · sector 37
FUTURE 0 · sector 39
PAST 39 · sector 32
HEALTH 56 · sector 58
DIVIDEND 0 · sector 51

Insider activity: 40/100

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 Credit Services stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Visa Inc V $348.97 $204.19 -41%
Mastercard Incorporated MA $537.70 $221.87 -59%
American Express Company AXP $358.44 $206.40 -42%
Bajaj Finance Limited BAJFINANCE ₹1,056 ₹397.61 -62%
Shriram Finance Limited SHRIRAMFIN ₹1,024 ₹553.83 -46%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,808 ₹796.52 -56%
Tata Capital Limited TATACAP ₹360.60 ₹229.85 -36%
Power Finance Corporation PFC ₹405.10 ₹810.20 +100%
Muthoot Finance Limited MUTHOOTFIN ₹3,129 ₹3,463 +11%
Indian Railway Finance Corporation IRFC ₹88.41 ₹69.72 -21%

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Frequently asked questions

Is Financiera Independencia S.A. (FINDEP) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 14.80 MXN versus a price of 7.40 MXN, about +100% (undervalued).
What is the fair value of FINDEP?
Our model-based fair value for Financiera Independencia S.A. is 14.80 MXN (as of Jul 20, 2026), built from audited fundamentals. The current price is 7.40 MXN.
What is the quality score of FINDEP?
Financiera Independencia S.A. has a Quality Score of 67/100. 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 Financiera Independencia S.A. (FINDEP)?
Financiera Independencia S.A. reported trailing-twelve-month revenue of about 3.5B MXN (latest available figure, as of Jul 20, 2026).
What is the net profit margin of FINDEP?
The net profit margin of Financiera Independencia S.A. is about 16.9%, meaning it keeps roughly 16.9% 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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