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Grupo TMM S.A.B (TMMA) Fair Value & Analysis

Industrials · MX · Market cap 1.7B MXN

GT Grupo TMM S.A.B TMMA · MX
Price9.80 MXN
Fair Value4.87 MXN
Upside-50.3%
Quality41/100
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Expensive Growth
Solidly profitable · 17.4% net margin
Low debt · negative free cash flow
Mixed vs. peers (7/12)
Moderate moat 52/100
Evidence: Medium Range 3.69 MXN – 6.44 MXN Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 6 days ago

Fair value updated Aug 13, 2026, revised from 13.93 MXN to 4.87 MXN (−65.0%) since Jul 15, 2026. Share price −2.0% over the past month.

Below-average quality, and screening another 50% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (6.44 MXN). The favourable scenario is already priced in.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

14.00 MXN 1.24 MXN Fair Value 4.87 MXN Apr 2021 Aug 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 1.24 MXN – 14.00 MXN · fair‑value band 3.69 MXN – 6.44 MXN · the 9.80 MXN price screens above the 4.87 MXN fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Grupo TMM S.A.B (TMMA) currently trades at 9.80 MXN, while our model-based Fair Value estimate is 4.87 MXN, implying the stock looks roughly 50.3% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Industrials 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, Grupo TMM S.A.B generated revenue of 1.7B MXN at a net margin of 17.4%. Revenue declined 40.3% year over year. It earns a return on equity of 12.9%. Net debt stands at 686M MXN. Fundamentals as of Aug 13, 2026

Our scenario range runs from 3.69 MXN (bear case) to 6.44 MXN (bull case); at 9.80 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 35% below its 52-week high and 87% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 7% fair-value upside, at -50%, TMMA 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
Residual Income 12.22 MXN 14.06 MXN 25.11 MXN 76
ROIC Compounder 10.56 MXN 12.31 MXN 13.89 MXN 72
Growth-Adj P/E 24.05 MXN 34.36 MXN 44.66 MXN 68
All 14 models by family
Earnings-Based
Graham-Dodd 12.07 MXN 68.29 MXN 94.89 MXN 54
Lynch FV 19.16 MXN 27.38 MXN 35.59 MXN 50
PEG = 1.0 19.16 MXN 27.38 MXN 35.59 MXN 46
EPV 10.56 MXN 12.31 MXN 13.77 MXN 59
Multiples
P/E Multiple 18.63 MXN 24.84 MXN 31.05 MXN 63
P/S Multiple 9.84 MXN 13.12 MXN 16.40 MXN 58
P/B Multiple 18.48 MXN 24.64 MXN 30.80 MXN 55
EV/EBIT 11.09 MXN 15.56 MXN 20.03 MXN 53
EV/EBITDA 8.68 MXN 12.34 MXN 16.01 MXN 54
EV/Revenue 6.88 MXN 10.82 MXN 14.75 MXN 43
Asset-Based
NCAV (Graham) 6.84 MXN 9.17 MXN 13.69 MXN 50
Economic Profit
Residual Income 12.22 MXN 14.06 MXN 25.11 MXN 76
ROIC Compounder 10.56 MXN 12.31 MXN 13.89 MXN 72
Growth Earnings
Growth-Adj P/E 24.05 MXN 34.36 MXN 44.66 MXN 68

Widest divergence: Growth Earnings (34.36 MXN) versus Asset-Based (9.17 MXN). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.7B MXN
Revenue growth (YoY) -40.3%
Net margin 17.4%
Return on equity 12.9%
Free cash flow −658M MXN FY2025
P/E ratio 6.4
More key figures
Operating margin 8.8%
EPS (TTM) 1.52 MXN
EPS growth (YoY) -96.2%
Net debt 686M MXN FY2025

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

Quality Score breakdown

Overall quality 41/100

Of which business quality 39 · Market factors (momentum, volatility) 64

Profitability 44
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 34
Disciplined investing over empire-building
Low Volatility 33
Calm price path (market factor)
Momentum 79
Price trend over the last 3–12 months (market factor)
52W Momentum 73
Distance to the 52-week high (market factor)
Net Issuance 40
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

Grupo TMM, S.A.B., together with its subsidiaries, operates as a logistics and transportation company in Mexico. The company offers maritime services; intermodal terminal services; services for the automotive industry; land cargo transportation services, including mobilization of goods using various types of vehicles for cargo transportation, use of trains …

Full company description

Grupo TMM, S.A.B., together with its subsidiaries, operates as a logistics and transportation company in Mexico. The company offers maritime services; intermodal terminal services; services for the automotive industry; land cargo transportation services, including mobilization of goods using various types of vehicles for cargo transportation, use of trains for the movement of large volumes of goods, and rental and management of storage spaces to store products, as well as packaging, labeling, and order preparation; container maintenance and repair; and port operations comprising management of specialized products, loading and unloading of ships, vessel mooring/unmooring services, continuous ship operations, and control of operations and logistics coordination. It also provides warehousing services for local and international merchandise; and shipyard services. As of March 31, 2025, the company operates a fleet of 8 vessels, which includes 1 chemical tanker, 1 tanker, 1 LPG tanker, and 5 offshore vessels. The company was founded in 1955 and is based in Mexico City, Mexico.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Grupo TMM S.A.B reported revenue of 1.9B MXN in FY2025 versus 1.4B MXN in FY2021, a compound +8.8%/yr. Reported net income was 310M MXN in FY2025.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.9B MXN
Latest YoY
+8.8%
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.
+4.5%
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.
+9.7%
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.
+6.9%
Revenue +8.8%/yr
FY21 1.4B MXN
FY22 1.7B MXN
FY23 1.2B MXN
FY24 1.8B MXN
FY25 1.9B MXN
Net income
FY21 −228M MXN
FY22 3.5M MXN
FY23 20.2M MXN
FY24 109M MXN
FY25 310M MXN

TMMA screens 50% overvalued. Compare with Adani Ports and Special Economic Zone Limited →

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Cite: Fair Value Calculator (2026). "Grupo TMM S.A.B Fair Value". https://www.fairvalue-calculator.com/stock/TMMA

Peer Group

Marine Shipping · 237 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 41 · Bottom 25%
Fair Value upside −50% · Bottom 25%
Return on equity (TTM) 13% · Above median
Return on assets 4% · Above median
Net margin (TTM) 17% · Above median
Operating margin (TTM) 9% · Below median
Revenue growth -40% · Bottom 25%
Debt / equity 0.38× · Higher than median

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 6.4× · Cheaper than 75% of peers
P/B 0.73× · Cheaper than median
P/S (TTM) 1.02× · Cheaper than median
EV/EBITDA 5.4× · Cheaper 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 23
FUTURE0 · sector 18
PAST52 · sector 27
HEALTH81 · sector 89
DIVIDEND0 · sector 53

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

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,658 ₹1,041 -37%
A.P. Møller - Mærsk A/S MAERSKA kr 19,990 kr 32,156 +61%
HMM Co 011200 21,350 KRW 33,795 KRW +58%
JSW Infrastructure Limited JSWINFRA ₹346.60 ₹126.31 -64%
Wan Hai Lines Ltd 2615 87.10 TWD 212.79 TWD +144%
PT Transcoal Pacific Tbk, a shipping company, TCPI 3,060 IDR 368.32 IDR -88%
Pan Ocean Co 028670 5,630 KRW 11,840 KRW +110%
Sociedad Matriz SAAM S.A SMSAAM 137.00 CLP 146.51 CLP +7%
PT Ancara Logistics Indonesia Tbk ALII 795.00 IDR 350.80 IDR -56%
PT Pelayaran Nasional Ekalya Purnamasari Tbk ELPI 700.00 IDR 298.20 IDR -57%

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Frequently asked questions

Is Grupo TMM S.A.B (TMMA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 4.87 MXN versus a price of 9.80 MXN, about −50% (overvalued).
What is the fair value of TMMA?
Our model-based fair value for Grupo TMM S.A.B is 4.87 MXN (as of Aug 13, 2026), built from audited fundamentals. The current price: 9.80 MXN.
What is the quality score of TMMA?
Grupo TMM S.A.B has a Quality Score of 41/100. 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 Grupo TMM S.A.B (TMMA)?
Grupo TMM S.A.B reported trailing-twelve-month revenue of about 1.7B MXN (latest available figure, as of Aug 13, 2026).
What is the net profit margin of TMMA?
The net profit margin of Grupo TMM S.A.B is about 17.4%, meaning it keeps roughly 17.4% 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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