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Promotora de Hoteles Norte 19, S.A. (HCITY) Fair Value & Analysis

Consumer Cyclical · MX · Market cap 2.3B MXN

PD Promotora de Hoteles Norte 19, S.A. HCITY · MX
Price5.64 MXN
Fair Value2.13 MXN
Upside-62.2%
Quality67/100
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Mixed Growth
Loss-making · -5.9% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (5/12)
Narrow moat 28/100
Evidence: Medium Range 1.49 MXN – 2.77 MXN Share as image

Fair value as of: Aug 13, 2026

From 25 valuation models · updated yesterday

Share price −8.3% over the past month.

A solid business, but screening 62% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (2.77 MXN). The favourable scenario is already priced in.
  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (1.49 MXN to 2.77 MXN) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

9.07 MXN 3.45 MXN Fair Value 2.13 MXN Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 3.45 MXN – 9.07 MXN · fair‑value band 1.49 MXN – 2.77 MXN · the 5.64 MXN price screens above the 2.13 MXN fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Promotora de Hoteles Norte 19, S.A. (HCITY) currently trades at 5.64 MXN, while our model-based Fair Value estimate is 2.13 MXN, implying the stock looks roughly 62.2% overvalued today. The Quality Score stands at 67/100 (solid quality), in the Consumer Cyclical 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, Promotora de Hoteles Norte 19, S.A. generated revenue of 4.2B MXN at a net margin of -5.9%. Revenue grew 0.1% year over year. It earns a return on equity of -2.1%. Net debt stands at 5.1B MXN. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1.49 MXN (bear case) to 2.77 MXN (bull case); at 5.64 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 about 22% below its 52-week high and 33% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -56% fair-value upside, at -62%, HCITY 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 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 15.95 MXN 42.64 MXN 83.83 MXN 80
Residual Income 9.74 MXN 8.86 MXN 6.12 MXN 76
Rev-Margin DCF 2.33 MXN 10.23 MXN 21.36 MXN 74
All 25 models by family
DCF Models
FCF DCF 16.88 MXN 38.22 MXN 91.75 MXN 38
5Y Revenue Exit 2.33 MXN 10.22 MXN 20.72 MXN 39
5Y EBITDA Exit 11.64 MXN 31.20 MXN 57.09 MXN 41
5Y P/E Exit 2.01 MXN 5.40 MXN 38
10Y Revenue Exit 6.64 MXN 16.36 MXN 30.73 MXN 36
10Y EBITDA Exit 13.14 MXN 32.18 MXN 63.89 MXN 37
10Y P/E Exit 4.42 MXN 10.15 MXN 17.69 MXN 35
Earnings-Based
Graham-Dodd 0.5800 MXN 3.53 MXN 4.93 MXN 54
Lynch FV 1.01 MXN 1.45 MXN 1.88 MXN 50
PEG = 1.0 1.01 MXN 1.45 MXN 1.88 MXN 46
EPV 0.2900 MXN 1.59 MXN 59
Dividend Discount
Gordon GGM 0.1600 MXN 0.3200 MXN 0.4900 MXN 70
DDM Multi-Stage 0.1600 MXN 0.2800 MXN 0.3400 MXN 61
Multiples
P/E Multiple 1.40 MXN 1.87 MXN 2.34 MXN 63
P/S Multiple 1.08 MXN 1.45 MXN 1.81 MXN 58
P/B Multiple 1.08 MXN 1.45 MXN 1.81 MXN 55
EV/EBIT 4.98 MXN 10.23 MXN 15.48 MXN 53
EV/EBITDA 10.29 MXN 17.31 MXN 24.32 MXN 54
EV/Revenue 1.26 MXN 43
Asset-Based
NCAV (Graham) 7.35 MXN 9.85 MXN 14.70 MXN 50
Growth DCF
Growth DCF 15.95 MXN 42.64 MXN 83.83 MXN 80
Rev-Margin DCF 2.33 MXN 10.23 MXN 21.36 MXN 74
Economic Profit
Residual Income 9.74 MXN 8.86 MXN 6.12 MXN 76
ROIC Compounder 0.2900 MXN 1.59 MXN 72
Growth Earnings
Growth-Adj P/E 1.49 MXN 2.13 MXN 2.77 MXN 68

Widest divergence: DCF Models (16.36 MXN) versus Dividend Discount (0.2800 MXN). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 4.2B MXN
Revenue growth (YoY) +0.1%
Net margin -5.9%
Return on equity -2.1%
Free cash flow 825M MXN FY2022
Operating margin 9.5%
More key figures
EPS (TTM) -0.3700 MXN
EPS growth (YoY) -99.5%
Net debt 5.1B MXN FY2022

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 64 · Market factors (momentum, volatility) 58

Profitability 16
Margins and returns on capital today
Quality Growth 93
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 27
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 80
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

Promotora de Hoteles Norte 19, S.A.B. de C.V. develops, operates, and manages hotels in Mexico, Costa Rica, Colombia, and Chile. The company operates hotels under the City Express by Marriott, City Express Suites by Marriott, City Express Junior by Marriott, City Express Plus by Marriott, and City Centro by Marriott brands.

Full company description

Promotora de Hoteles Norte 19, S.A.B. de C.V. develops, operates, and manages hotels in Mexico, Costa Rica, Colombia, and Chile. The company operates hotels under the City Express by Marriott, City Express Suites by Marriott, City Express Junior by Marriott, City Express Plus by Marriott, and City Centro by Marriott brands. It also provides restaurant operation and catering services. The company was formerly known as Hoteles City Express, S.A.B. de C.V. and changed its name to Promotora de Hoteles Norte 19, S.A.B. de C.V. in April 2024. Promotora de Hoteles Norte 19, S.A.B. de C.V. was incorporated in 2002 and is headquartered in Mexico City, Mexico.

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

Revenue & earnings trend

FY2018 – FY2022 · reported fiscal years

Promotora de Hoteles Norte 19, S.A. reported revenue of 3.2B MXN in FY2022 versus 2.9B MXN in FY2018, a compound +2.4%/yr. Reported net income was 35.1M MXN in FY2022, compounding −40.4%/yr from FY2018.

Growth Quality 60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2022)
3.2B MXN
Latest YoY
+39.7%
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.
+0.3%
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.
+4.8%
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.
+14.8%
Revenue +2.4%/yr
FY18 2.9B MXN
FY19 3.2B MXN
FY20 1.5B MXN
FY21 2.3B MXN
FY22 3.2B MXN
Net income −40.4%/yr
FY18 278M MXN
FY19 128M MXN
FY20 −1.1B MXN
FY21 −396M MXN
FY22 35.1M MXN

HCITY screens 62% overvalued. Compare with Marriott International, Inc →

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Cite: Fair Value Calculator (2026). "Promotora de Hoteles Norte 19, S.A. Fair Value". https://www.fairvalue-calculator.com/stock/HCITY

Peer Group

Lodging · 167 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 −62% · Bottom 25%
Return on assets 2% · Above median
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) 10% · Below median
Revenue growth 0% · Below median
Debt / equity 0.85× · Higher than 75% of peers

Valuation Multiples vs Lodging median · lower = cheaper

P/S (TTM) 0.03× · Cheaper than 75% of peers
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 5.6× · Cheaper than 75% of peers
PEG 1.40× · 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 0
FUTURE 1 · sector 19
PAST 0 · sector 11
HEALTH 58 · sector 91
DIVIDEND 0 · sector 23

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 Lodging stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Marriott International, Inc MAR $354.58 $132.35 -63%
Hilton Worldwide Holdings HLT $322.53 $122.02 -62%
InterContinental Hotels Group IHG $161.82 $85.18 -47%
Hyatt Hotels Corporation H $178.37 $46.78 -74%
H World Group HTHT $41.25 $47.78 +16%
The Indian Hotels Company INDHOTEL ₹724.00 ₹253.67 -65%
Hanjin Kal, 180640 118,200 KRW 36,890 KRW -69%
Jabal Omar Development Company 4250 16.00 SAR 11.64 SAR -27%
Makkah Construction and Development Company 4100 81.95 SAR 36.25 SAR -56%
Minor International Public Company MINT 22.90 THB 32.82 THB +43%

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Frequently asked questions

Is Promotora de Hoteles Norte 19, S.A. (HCITY) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 2.13 MXN versus a price of 5.64 MXN, about −62% (overvalued).
What is the fair value of HCITY?
Our model-based fair value for Promotora de Hoteles Norte 19, S.A. is 2.13 MXN (as of Aug 13, 2026), built from audited fundamentals. The current price is 5.64 MXN.
What is the quality score of HCITY?
Promotora de Hoteles Norte 19, 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 Promotora de Hoteles Norte 19, S.A. (HCITY)?
Promotora de Hoteles Norte 19, S.A. reported trailing-twelve-month revenue of about 4.2B MXN (latest available figure, as of Aug 13, 2026).
What is the net profit margin of HCITY?
The net profit margin of Promotora de Hoteles Norte 19, S.A. is about -5.9%, 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.

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