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Planigrupo LATAM, S.A. (PLANI) Fair Value & Analysis

Real Estate · MX · Market cap 4.9B MXN

PL Planigrupo LATAM, S.A. PLANI · MX
Price14.20 MXN
Fair Value24.00 MXN
Upside+69.0%
Quality49/100
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Healthy Growth
Highly profitable · 95.0% net margin
Moderate debt · generates free cash flow
Ranks above peers (9/13)
Wide moat 75/100
Evidence: High Range 21.02 MXN – 47.50 MXN Share as image

Fair value as of: Jul 16, 2026

From 16 valuation models · updated 25 days ago

Below-average quality, screening 69% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (21.02 MXN). The market is more pessimistic than our downside scenario.
  • Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (21.02 MXN to 47.50 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)

17.46 MXN 14.20 MXN Fair Value 24.00 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 14.20 MXN – 17.46 MXN · fair‑value band 21.02 MXN – 47.50 MXN · the 14.20 MXN price screens below the 24.00 MXN fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Planigrupo LATAM, S.A. (PLANI) currently trades at 14.20 MXN, while our model-based Fair Value estimate is 24.00 MXN, implying the stock looks roughly 69.0% undervalued today. The Quality Score stands at 49/100 (below-average 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, Planigrupo LATAM, S.A. generated revenue of 1.6B MXN at a net margin of 95.0%. Revenue grew 46.0% year over year. It earns a return on equity of 21.0%. Net debt stands at 5.8B MXN. Fundamentals as of Jul 16, 2026

Our scenario range runs from 21.02 MXN (bear case) to 47.50 MXN (bull case); at 14.20 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 near its 52-week high, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at 69%, PLANI 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 4.20 MXN 16.95 MXN 36.87 MXN 80
Residual Income 23.78 MXN 26.28 MXN 41.24 MXN 76
Rev-Margin DCF 8.06 MXN 25.63 MXN 47.57 MXN 74
All 16 models by family
DCF Models
FCF DCF 4.26 MXN 17.97 MXN 40.05 MXN 38
5Y Revenue Exit 8.06 MXN 26.09 MXN 50.31 MXN 39
5Y EBITDA Exit 17.35 MXN 44.71 MXN 78.62 MXN 41
10Y Revenue Exit 5.66 MXN 21.94 MXN 46.27 MXN 36
10Y EBITDA Exit 12.45 MXN 35.07 MXN 68.82 MXN 37
Dividend Discount
Gordon GGM 0.6500 MXN 1.30 MXN 1.97 MXN 70
DDM Multi-Stage 0.6500 MXN 1.13 MXN 1.38 MXN 61
Multiples
P/S Multiple 26.08 MXN 34.78 MXN 43.47 MXN 58
P/B Multiple 34.95 MXN 46.60 MXN 58.25 MXN 55
EV/EBIT 39.24 MXN 57.49 MXN 75.75 MXN 53
EV/EBITDA 28.07 MXN 42.60 MXN 57.14 MXN 54
EV/Revenue 10.69 MXN 21.92 MXN 33.16 MXN 43
Asset-Based
NCAV (Graham) 13.86 MXN 18.57 MXN 27.72 MXN 50
Growth DCF
Growth DCF 4.20 MXN 16.95 MXN 36.87 MXN 80
Rev-Margin DCF 8.06 MXN 25.63 MXN 47.57 MXN 74
Economic Profit
Residual Income 23.78 MXN 26.28 MXN 41.24 MXN 76

Widest divergence: Multiples (42.60 MXN) versus Dividend Discount (1.13 MXN). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.6B MXN
Revenue growth (YoY) +46.0%
Net margin 95.0%
Return on equity 21.0%
Free cash flow 576M MXN FY2025
P/E ratio 10.1
More key figures
Operating margin 66.6%
EPS (TTM) 1.40 MXN
EPS growth (YoY) +1,260%
Net debt 5.8B MXN FY2025

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

Quality Score breakdown

Overall quality 49/100

Of which business quality 49 · Market factors (momentum, volatility) 56

Profitability 40
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 18
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

Planigrupo LATAM, S.A.B. de C.V. designs, builds, operates, manages, and leases shopping centers in Mexico. Planigrupo LATAM, S.A.B. de C.V. was founded in 1975 and is based in Mexico City, Mexico. Planigrupo LATAM, S.A.B. de C.V. operates as a subsidiary of Grupo México UPAS.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Planigrupo LATAM, S.A. reported revenue of 1.8B MXN in FY2025 versus 1.4B MXN in FY2021, a compound +6.5%/yr. Reported net income was 941M MXN in FY2025, compounding +59.3%/yr from FY2021.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.8B MXN
Latest YoY
+25.3%
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.
+6.4%
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.
+7.7%
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.
+10.3%
Revenue +6.5%/yr
FY21 1.4B MXN
FY22 1.5B MXN
FY23 1.3B MXN
FY24 1.5B MXN
FY25 1.8B MXN
Net income +59.3%/yr
FY21 146M MXN
FY22 562M MXN
FY23 382M MXN
FY24 1.3B MXN
FY25 941M MXN

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Cite: Fair Value Calculator (2026). "Planigrupo LATAM, S.A. Fair Value". https://www.fairvalue-calculator.com/stock/PLANI

Peer Group

Real Estate Services · 520 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 51 · Below median
Fair Value upside +69% · Top 25%
Return on equity (TTM) 21% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 95% · Top 25%
Operating margin (TTM) 67% · Top 25%
Revenue growth 46% · Top 25%
Debt / equity 0.62× · Higher than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 10.1× · Cheaper than median
P/B 0.51× · Cheaper than median
P/S (TTM) 3.01× · Pricier than median
P/FCF 0.5× · Cheaper than 75% of peers
EV/EBITDA 14.2× · 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 100 · sector 37
FUTURE 100 · sector 10
PAST 84 · sector 16
HEALTH 69 · sector 85
DIVIDEND 0 · sector 49

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 Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
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KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is Planigrupo LATAM, S.A. (PLANI) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 24.00 MXN versus a price of 14.20 MXN, about +69% (undervalued).
What is the fair value of PLANI?
Our model-based fair value for Planigrupo LATAM, S.A. is 24.00 MXN (as of Jul 16, 2026), built from audited fundamentals. The current price is 14.20 MXN.
What is the quality score of PLANI?
Planigrupo LATAM, S.A. has a Quality Score of 49/100. 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 Planigrupo LATAM, S.A. (PLANI)?
Planigrupo LATAM, S.A. reported trailing-twelve-month revenue of about 1.6B MXN (latest available figure, as of Jul 16, 2026).
What is the net profit margin of PLANI?
The net profit margin of Planigrupo LATAM, S.A. is about 95.0%, meaning it keeps roughly 95.0% 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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