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Fibra Shop (FSHOP13) Fair Value & Analysis

Real Estate · MX · Market cap 7.4B MXN

FS Fibra Shop FSHOP13 · MX
Price11.89 MXN
Fair Value29.73 MXN
Upside+150.0%
Quality57/100
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Healthy Growth
Highly profitable · 77.8% net margin
Moderate debt · generates free cash flow
6.01% dividend yield
Ranks above peers (14/14)
Wide moat 67/100
Evidence: High Range 23.43 MXN – 55.50 MXN Share as image

Fair value as of: Jul 16, 2026

From 13 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from 29.88 MXN to 29.73 MXN (−0.5%) since Jun 26, 2026. Share price −0.8% over the past month.

A solid business, screening 150% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (23.43 MXN). The market is more pessimistic than our downside scenario.
  • Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (23.43 MXN to 55.50 MXN) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

12.80 MXN 4.45 MXN Fair Value 29.73 MXN Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 4.45 MXN – 12.80 MXN · fair‑value band 23.43 MXN – 55.50 MXN · the 11.89 MXN price screens below the 29.73 MXN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Fibra Shop (FSHOP13) currently trades at 11.89 MXN, while our model-based Fair Value estimate is 29.73 MXN, implying the stock looks roughly 150.0% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Real Estate 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, Fibra Shop generated revenue of 2.7B MXN at a net margin of 77.8%. Revenue grew 7.3% year over year. It earns a return on equity of 11.6%. Net debt stands at 12.1B MXN. Fundamentals as of Jul 16, 2026

Our scenario range runs from 23.43 MXN (bear case) to 55.50 MXN (bull case); at 11.89 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 9% below its 52-week high and 59% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -53% fair-value upside, at 150%, FSHOP13 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 25.83 MXN 66.35 MXN 131.63 MXN 80
Residual Income 25.43 MXN 28.25 MXN 44.86 MXN 76
P/S Multiple 19.82 MXN 26.43 MXN 33.03 MXN 58
All 13 models by family
DCF Models
FCF DCF 28.74 MXN 54.51 MXN 134.87 MXN 38
5Y Revenue Exit 10.39 MXN 28.91 MXN 67.43 MXN 39
5Y EBITDA Exit 23.03 MXN 54.45 MXN 116.05 MXN 41
10Y Revenue Exit 15.50 MXN 49.73 MXN 69.34 MXN 36
10Y EBITDA Exit 25.38 MXN 76.31 MXN 164.01 MXN 37
Multiples
P/S Multiple 19.82 MXN 26.43 MXN 33.03 MXN 58
P/B Multiple 38.17 MXN 50.89 MXN 63.62 MXN 55
EV/EBIT 30.26 MXN 46.69 MXN 63.12 MXN 53
EV/EBITDA 19.44 MXN 32.25 MXN 45.07 MXN 54
EV/Revenue 0.9000 MXN 9.44 MXN 17.98 MXN 43
Asset-Based
NCAV (Graham) 14.60 MXN 19.56 MXN 29.19 MXN 50
Growth DCF
Growth DCF 25.83 MXN 66.35 MXN 131.63 MXN 80
Economic Profit
Residual Income 25.43 MXN 28.25 MXN 44.86 MXN 76

Widest divergence: Growth DCF (66.35 MXN) versus Asset-Based (19.56 MXN). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.7B MXN
Revenue growth (YoY) +7.3%
Net margin 77.8%
Return on equity 11.6%
Free cash flow 1.9B MXN FY2025
P/E ratio 3.9
More key figures
Operating margin 71.9%
EPS (TTM) 3.07 MXN
Dividend yield 6.0%
EPS growth (YoY) +32.8%
Net debt 12.1B MXN FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 56 · Market factors (momentum, volatility) 83

Profitability 41
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 74
Price trend over the last 3–12 months (market factor)
52W Momentum 83
Distance to the 52-week high (market factor)
Net Issuance 50
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

Fibra Shop is a unique real estate investment option in Mexico, distinguished by its specialization, highly experienced human capital in the commercial real estate sector, solid operational structure, and corporate governance. Together, these elements ensure transparency, efficiency, and secure, profitable growth.

Full company description

Fibra Shop is a unique real estate investment option in Mexico, distinguished by its specialization, highly experienced human capital in the commercial real estate sector, solid operational structure, and corporate governance. Together, these elements ensure transparency, efficiency, and secure, profitable growth. Fibra Shop is a real estate and infrastructure trust primarily established to acquire, own, manage, and develop real estate properties in the shopping center sector in Mexico. It is managed by industry specialists with extensive experience and externally advised by Fibra Shop Portfolios Inmobiliarios, S.C. Our goal is to provide attractive returns to our investors holding CBFIs through stable distributions and capital appreciation. Fibra Shop was established on June 21, 2013 and incorporated in Mexico.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fibra Shop reported revenue of 2.5B MXN in FY2025 versus 1.4B MXN in FY2021, a compound +16.4%/yr. Reported net income was 1.9B MXN in FY2025, compounding +17.3%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.5B MXN
Latest YoY
+7.2%
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.
+15.8%
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.
+101.7%
Avg. growth/yr (12Y) 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.
+26.8%
Revenue +16.4%/yr
FY21 1.4B MXN
FY22 1.6B MXN
FY23 2.1B MXN
FY24 2.4B MXN
FY25 2.5B MXN
Net income +17.3%/yr
FY21 986M MXN
FY22 1.6B MXN
FY23 1.5B MXN
FY24 1.7B MXN
FY25 1.9B MXN

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Cite: Fair Value Calculator (2026). "Fibra Shop Fair Value". https://www.fairvalue-calculator.com/stock/FSHOP13

Peer Group

REIT - Retail · 107 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 58 · Above median
Fair Value upside +150% · Top 25%
Return on equity (TTM) 12% · Above median
Return on assets 4% · Above median
Net margin (TTM) 78% · Top 25%
Operating margin (TTM) 72% · Top 25%
Revenue growth 7% · Above median
Dividend yield (TTM) 6.0% · Above median
Debt / equity 0.66× · Lower than median

Valuation Multiples vs REIT - Retail median · lower = cheaper

P/E (TTM) 3.9× · Cheaper than 75% of peers
P/B 0.41× · Cheaper than 75% of peers
P/S (TTM) 2.78× · Cheaper than 75% of peers
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 10.4× · 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 9
FUTURE 37 · sector 22
PAST 46 · sector 30
HEALTH 67 · sector 66
DIVIDEND 100 · sector 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.

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10 more REIT - Retail stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

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Frequently asked questions

Is Fibra Shop (FSHOP13) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 29.73 MXN versus a price of 11.89 MXN, about +150% (undervalued).
What is the fair value of FSHOP13?
Our model-based fair value for Fibra Shop is 29.73 MXN (as of Jul 16, 2026), built from audited fundamentals. The current price is 11.89 MXN.
What is the quality score of FSHOP13?
Fibra Shop has a Quality Score of 57/100. 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 Fibra Shop (FSHOP13)?
Fibra Shop reported trailing-twelve-month revenue of about 2.7B MXN (latest available figure, as of Jul 16, 2026).
What is the net profit margin of FSHOP13?
The net profit margin of Fibra Shop is about 77.8%, meaning it keeps roughly 77.8% of revenue as net income. Based on the latest reported figures.
Does Fibra Shop pay a dividend?
Fibra Shop currently shows a dividend yield of about 5.99% relative to its recent price (as of Jul 16, 2026).

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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