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Promotora Ambiental, S.A. (PASAB) Fair Value & Analysis

Industrials · MX · Market cap 5.2B MXN

PA Promotora Ambiental, S.A. PASAB · MX
Price40.00 MXN
Fair Value48.29 MXN
Upside+20.7%
Quality59/100
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Healthy Growth
Thin margins · 4.8% net margin
Moderate debt · generates free cash flow
Ranks above peers (11/13)
Moderate moat 49/100
Evidence: High Range 36.22 MXN – 60.36 MXN Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 72.40 MXN to 48.29 MXN (−33.3%) since Jun 24, 2026.

A solid business, screening 21% undervalued on our models.

What matters now

  • Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 36.22 MXN (bear) to 60.36 MXN (bull), base 48.29 MXN. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 59/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

40.00 MXN 10.50 MXN Fair Value 48.29 MXN Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 10.50 MXN – 40.00 MXN · fair‑value band 36.22 MXN – 60.36 MXN · the 40.00 MXN price screens below the 48.29 MXN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

Promotora Ambiental, S.A. (PASAB) currently trades at 40.00 MXN, while our model-based Fair Value estimate is 48.29 MXN, implying the stock looks roughly 20.7% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Industrials 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, Promotora Ambiental, S.A. generated revenue of 7.9B MXN at a net margin of 4.8%. Revenue grew 10.7% year over year. It earns a return on equity of 12.4%. Net debt stands at 1.1B MXN. Fundamentals as of Jul 18, 2026

Our scenario range runs from 36.22 MXN (bear case) to 60.36 MXN (bull case); at 40.00 MXN, the current price sits within 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 and 7% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -40% fair-value upside, at 21%, PASAB 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 73.78 MXN 114.59 MXN 172.11 MXN 80
Rev-Margin DCF 55.69 MXN 92.09 MXN 135.47 MXN 74
ROIC Compounder 44.48 MXN 58.93 MXN 76.49 MXN 72
All 24 models by family
DCF Models
FCF DCF 73.15 MXN 120.60 MXN 192.56 MXN 38
Owner Earnings 18.64 MXN 34.29 MXN 58.03 MXN 31
5Y Revenue Exit 55.69 MXN 91.81 MXN 137.97 MXN 39
5Y EBITDA Exit 94.87 MXN 166.98 MXN 252.81 MXN 41
5Y P/E Exit 41.58 MXN 64.74 MXN 88.91 MXN 38
10Y Revenue Exit 59.63 MXN 94.14 MXN 141.05 MXN 36
10Y EBITDA Exit 85.99 MXN 145.86 MXN 228.77 MXN 37
10Y P/E Exit 52.44 MXN 75.51 MXN 103.57 MXN 35
Earnings-Based
Graham-Dodd 15.64 MXN 54.82 MXN 73.72 MXN 54
Lynch FV 12.78 MXN 18.26 MXN 23.74 MXN 50
PEG = 1.0 12.78 MXN 18.26 MXN 23.74 MXN 46
EPV 41.03 MXN 48.80 MXN 55.51 MXN 59
Multiples
P/E Multiple 36.22 MXN 48.29 MXN 60.36 MXN 63
P/S Multiple 29.32 MXN 39.09 MXN 48.87 MXN 58
P/B Multiple 29.32 MXN 39.09 MXN 48.87 MXN 55
EV/EBIT 71.05 MXN 97.47 MXN 123.89 MXN 53
EV/EBITDA 120.12 MXN 162.89 MXN 205.67 MXN 54
EV/Revenue 48.37 MXN 72.61 MXN 96.85 MXN 43
Asset-Based
NCAV (Graham) 12.87 MXN 17.24 MXN 25.73 MXN 50
Growth DCF
Growth DCF 73.78 MXN 114.59 MXN 172.11 MXN 80
Rev-Margin DCF 55.69 MXN 92.09 MXN 135.47 MXN 74
Economic Profit
Residual Income 21.65 MXN 23.47 MXN 29.24 MXN 61
ROIC Compounder 44.48 MXN 58.93 MXN 76.49 MXN 72
Growth Earnings
Growth-Adj P/E 31.25 MXN 44.65 MXN 58.04 MXN 68

Widest divergence: Growth DCF (92.09 MXN) versus Asset-Based (17.24 MXN). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 7.9B MXN
Revenue growth (YoY) +10.7%
Net margin 4.8%
Return on equity 12.4%
Free cash flow 955M MXN FY2025
P/E ratio 14.2
More key figures
Operating margin 13.0%
EPS (TTM) 2.81 MXN
EPS growth (YoY) +73.9%
Net debt 1.1B MXN FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 58 · Market factors (momentum, volatility) 67

Profitability 44
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 84
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 Ambiental, S.A.B. de C.V. provides environmental services in Mexico and internationally. The company offers private and domestic waste collection services; construction and operation of sanitary landfills; and waste recovery services. It also generates electricity through biogas.

Full company description

Promotora Ambiental, S.A.B. de C.V. provides environmental services in Mexico and internationally. The company offers private and domestic waste collection services; construction and operation of sanitary landfills; and waste recovery services. It also generates electricity through biogas. The company was incorporated in 1991 and is based in Monterrey, Mexico.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Promotora Ambiental, S.A. reported revenue of 7.7B MXN in FY2025 versus 5.5B MXN in FY2021, a compound +8.9%/yr. Reported net income was 301M MXN in FY2025, compounding +34.8%/yr from FY2021.

Growth Quality 83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
7.7B MXN
Latest YoY
+9.0%
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.
+7.6%
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.
+8.8%
Avg. growth/yr (25Y) 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.
+9.1%
Revenue +8.9%/yr
FY21 5.5B MXN
FY22 6.2B MXN
FY23 6.7B MXN
FY24 7.1B MXN
FY25 7.7B MXN
Net income +34.8%/yr
FY21 91.2M MXN
FY22 218M MXN
FY23 213M MXN
FY24 252M MXN
FY25 301M MXN

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Cite: Fair Value Calculator (2026). "Promotora Ambiental, S.A. Fair Value". https://www.fairvalue-calculator.com/stock/PASAB

Peer Group

Waste Management · 166 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 59 · Top 25%
Fair Value upside +21% · Above median
Return on equity (TTM) 12% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 13% · Above median
Revenue growth 11% · Above median
Debt / equity 0.72× · Higher than median

Valuation Multiples vs Waste Management median · lower = cheaper

P/E (TTM) 14.2× · Cheaper than median
P/B 1.55× · Pricier than median
P/S (TTM) 0.66× · Cheaper than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 3.8× · 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 61 · sector 8
FUTURE 54 · sector 22
PAST 50 · sector 25
HEALTH 64 · sector 81
DIVIDEND 0 · sector 30

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 Waste Management stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Waste Management, Inc WM $233.33 $128.02 -45%
Republic Services, Inc RSG $219.20 $122.01 -44%
Waste Connections, Inc WCN C$242.43 C$78.67 -68%
Veolia Environnement SA VIE €37.51 €24.50 -35%
Clean Harbors, Inc CLH $303.64 $155.37 -49%
GFL Environmental Inc GFL C$55.40 C$94.12 +70%
Fomento de Construcciones y Contratas, S.A FCC €12.20 €7.30 -40%
GEM Co 002340 ¥6.32 ¥5.27 -17%
Zhejiang Weiming Environment Protection Co 603568 ¥16.18 ¥20.91 +29%
Cleanaway Waste Management Limited CWY A$2.34 A$1.18 -50%

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Frequently asked questions

Is Promotora Ambiental, S.A. (PASAB) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 48.29 MXN versus a price of 40.00 MXN, about +21% (undervalued).
What is the fair value of PASAB?
Our model-based fair value for Promotora Ambiental, S.A. is 48.29 MXN (as of Jul 18, 2026), built from audited fundamentals. The current price is 40.00 MXN.
What is the quality score of PASAB?
Promotora Ambiental, S.A. has a Quality Score of 59/100. 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 Ambiental, S.A. (PASAB)?
Promotora Ambiental, S.A. reported trailing-twelve-month revenue of about 7.9B MXN (latest available figure, as of Jul 18, 2026).
What is the net profit margin of PASAB?
The net profit margin of Promotora Ambiental, S.A. is about 4.8%, meaning it keeps roughly 4.8% 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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