Fibra UNO (FUNO11) fair value: what the stock is really worth
As of Oct 16, 2026: fair value (intrinsic value) of Fibra UNO stock MXN 63.56, price MXN 32.70, upside +94.4%, quality 65 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 14, 2026.
How to read this chart
60‑month range 12.77 MXN – 32.70 MXN · fair‑value band 38.65 MXN – 88.54 MXN · the 32.70 MXN price screens below the 63.56 MXN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 14, 2026.
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Fibra Uno is the first and largest REIT in the Mexican market. It operates and develops a wide range of real estate intended for leasing, primarily in the industrial, commercial, and office sectors.
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As of September 30, 2025, FUNO had a portfolio of 586 properties that totaled more than 11.2 million of 2 with presence in all the states of the Mexican Republic. The Fideicomiso Fibra Uno strategy.
It focuses on having the best locations, the highest quality properties, and a diversification of segments, geographies, and tenants. Likewise, the team. FUNO's administrative team has over 35 years of experience in development and operation in all segments of the real estate sector.
Fibra UNO was incorporated in 2011 in Mexico.
Stock analysis
Fibra UNO (FUNO11) currently trades at 32.70 MXN, while our model-based Fair Value estimate is 63.56 MXN, implying the stock looks roughly 48.6% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 76.93 MXN per share, and 14 of the 16 models we run sit above the 32.70 MXN price.
Bear case: the Dividend Discount group reads lowest at 30.73 MXN, and 2 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: 38.65 MXN (bear) to 88.54 MXN (bull), the price of 32.70 MXN sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Real Estate sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Fibra UNO reported revenue of 30.2B MXN in FY2025 versus 21.9B MXN in FY2021, a compound +8.4%/yr. Reported net income was 24.5B MXN in FY2025, compounding +60.8%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 125B MXN (≈ $6.7B) Mid · P/E ratio 6.8 · P/S ratio 3.98 · EPS (TTM) 4.80 MXN · Dividend yield 7.8% · Net margin 73.3% · Return on equity 12.7% · Return on assets (EBIT) 5.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 71 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 33% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 2% fair-value upside, at 94%, FUNO11 screens cheaper than that median.
Fair Value models
Bear38.65 MXNFair Value 63.56 MXNBull88.54 MXN
Price 32.70 MXN · Upside +94.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1.81 MXN per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+7.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+8.6%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+7.6%
Start year 2020 (pandemic)
Revenue growth 8 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+9.5%
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What shareholders gained per year (last 5 years), in MXN ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in MXN: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+13.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.1%
Dividend (yield on the price)7.8%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.75% → 69%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+4.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (Mexico: IMF forecast 3.3% a year to 2030, 4.8% from 2016 to 2025) that is about +1.3% a year for the price and +2.3% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.REIT - Diversified · 148 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside+94.4% · Top 25%
Profitability
Return on equity (12 months)12.7% · Top 25%
Return on assets5.9% · Top 25%
Net margin (12 months)73.3% · Top 25%
Operating margin (12 months)72.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)5.5% · Above median
Dividend yield (12 months)7.8% · Above median
Balance sheet
Debt / equity0.69× · Above median
Valuation Multiplesvs REIT - Diversified median · lower = cheaper
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). "Fibra UNO Fair Value". https://www.fairvalue-calculator.com/stock/FUNO11
Frequently asked questions
Is Fibra UNO (FUNO11) overvalued or undervalued?
As of Oct 14, 2026, our model estimates a fair value of 63.56 MXN versus a price of 32.70 MXN, about +94% upside (undervalued).
What is the fair value of FUNO11?
Our model-based fair value for Fibra UNO is 63.56 MXN (as of Oct 14, 2026), built from audited fundamentals. The current price: 32.70 MXN.
What is the quality score of FUNO11?
Fibra UNO has a Quality Score of 65/100. 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 price target for Fibra UNO (FUNO11)?
Our model-based price target is the fair value of 63.56 MXN (as of Oct 14, 2026) from 16 valuation models. Cautious scenario 38.65 MXN, optimistic scenario 88.54 MXN. It is a calculation from audited fundamentals, not an analyst target.
What is the Fibra UNO stock forecast for 2026?
Our models put fair value at 63.56 MXN, about +94% upside versus a price of 32.70 MXN (undervalued). Cautious scenario 38.65 MXN, optimistic scenario 88.54 MXN. The calculation is refreshed regularly with new filings.
What is the revenue of Fibra UNO (FUNO11)?
Fibra UNO reported trailing-twelve-month revenue of about 31.3B MXN (latest available figure, as of Oct 14, 2026).
Does Fibra UNO pay a dividend?
Fibra UNO currently shows a dividend yield of 7.75% relative to its recent price (as of Oct 14, 2026).
What growth is priced into Fibra UNO (FUNO11)?
For today's price to be fair in a discounted-cash-flow model, Fibra UNO would have to grow free cash flow by +4.6 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.6 % per year. As of Oct 14, 2026.
What discount rate (WACC) does the fair value of FUNO11 use?
Our models discount Fibra UNO at 10.5 %: a base by market capitalisation (mid), damped by beta 0.18, country premium for Mexico. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Fibra UNO that is +4.6 % per year a year over ten years, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Fibra UNO (FUNO11) delivered so far?
Over the past 5 years revenue at Fibra UNO grew +7.6 % a year. The price currently implies +4.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Fibra UNO (FUNO11) growing?
The median revenue growth in the sector is +2.3 % a year. That is the yardstick for the growth priced into Fibra UNO (+4.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Fibra UNO (FUNO11)?
The free-cash-flow yield on the price is 15.24 %: that much free cash flow Fibra UNO produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Fibra UNO (FUNO11)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fibra UNO it is 63.56 MXN per share (as of Oct 14, 2026), against a price of 32.70 MXN. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Fibra UNO stock overvalued or undervalued in 2026?
As of Oct 14, 2026, FUNO11 trades below its calculated fair value: price 32.70 MXN, fair value 63.56 MXN, a gap of about +94% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FUNO11?
No. The price is what the market pays today (32.70 MXN); the fair value is what the company's own numbers justify (63.56 MXN). For Fibra UNO the two are 30.86 MXN per share apart. That gap is exactly why we show both numbers side by side.
How much is Fibra UNO worth?
The market values Fibra UNO at about 125B MXN (market capitalisation, as of Oct 14, 2026). Per share that is 32.70 MXN; our models calculate a fair value of 63.56 MXN per share.
What do the bullish and bearish scenarios say about FUNO11?
Our models span a range for Fibra UNO: cautious scenario 38.65 MXN, base 63.56 MXN, optimistic 88.54 MXN per share (as of Oct 14, 2026, price 32.70 MXN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FUNO11?
Fibra UNO trades at a price-to-earnings ratio of 6.8 (as of Oct 14, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 63.56 MXN is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 6.3 (reported for FY2025: 5.1). Other multiples: P/B 0.6, P/S 4.0, EV/EBITDA 10.8.
How solid is the balance sheet of Fibra UNO (FUNO11)?
Balance-sheet figures for Fibra UNO (as of Oct 14, 2026): return on equity 12.7%, debt of 0.69 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is FUNO11 from its 52-week high?
Fibra UNO trades at 32.70 MXN, at its 52-week high of 32.70 MXN and 33% above the low of 24.60 MXN (as of Oct 16, 2026). Distance from the high says nothing about value: that is what the fair value of 63.56 MXN is for.
Which stocks are comparable to Fibra UNO?
From the same area (Real Estate) we also value Goodman Group, VICI Properties Inc, W. P. Carey Inc, The GPT Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Fibra UNO stock attractive at the current price?
The data as of Oct 14, 2026: price 32.70 MXN, calculated fair value 63.56 MXN (+94%), Quality Score 65/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FUNO11 calculated?
We run Fibra UNO through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 63.56 MXN, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.8 % above its aggregate fair value. Fibra UNO currently trades 49 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Fibra UNO (FUNO11)?
The closing price on Oct 16, 2026 was 32.70 MXN. Our model-based fair value is 63.56 MXN, about +94% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fibra UNO right now?
The price is below even our cautious bear case (38.65 MXN). The market is more pessimistic than our downside scenario. Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (38.65 MXN to 88.54 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.
Key figures of Fibra UNO
How large is the market capitalisation of Fibra UNO (FUNO11)?
The market capitalisation of Fibra UNO is 125B MXN (≈ $6.7B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Fibra UNO (FUNO11)?
The price-to-sales ratio of Fibra UNO is 3.98 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Fibra UNO (FUNO11)?
Earnings per share at Fibra UNO are 4.80 MXN (price ÷ EPS = P/E 6.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Fibra UNO (FUNO11)?
The dividend yield of Fibra UNO is 7.8% (payout 65.1%, on adjusted earnings, reported 52.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Fibra UNO (FUNO11)?
The net margin of Fibra UNO is 73.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Fibra UNO (FUNO11)?
The return on equity (ROE) of Fibra UNO is 12.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Fibra UNO (FUNO11)?
On an EBIT basis the return on assets of Fibra UNO is 5.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Fibra UNO (FUNO11)?
The operating margin of Fibra UNO is 72.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fibra UNO (FUNO11)?
Revenue at Fibra UNO is growing +5.5% versus a year earlier (3y avg +8.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Fibra UNO (FUNO11)?
Earnings per share at Fibra UNO are growing −24.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Fibra UNO (FUNO11) carry?
The net debt of Fibra UNO is 139B MXN (fiscal year 2025, ≈ 7.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 14, 2026