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Vitro, S.A. (VITROA) Fair Value & Analysis

Basic Materials · MX · Market cap 2.4B MXN

VS Vitro, S.A. VITROA · MX
Price5.10 MXN
Fair Value0.9900 MXN
Upside-80.6%
Quality70/100
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Weak Growth
Highly profitable · 60.6% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/13)
Moderate moat 52/100
Evidence: Medium Range 0.7400 MXN – 1.43 MXN Share as image

Fair value as of: Jul 20, 2026

From 23 valuation models · updated 21 days ago

Share price −7.3% over the past month.

A solid business, but screening 81% overvalued on our models.

What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (1.43 MXN). The favourable scenario is already priced in.
  • A fairly wide model range (0.7400 MXN to 1.43 MXN) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

36.61 MXN 3.70 MXN Fair Value 0.9900 MXN Feb 2020 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 3.70 MXN – 36.61 MXN · fair‑value band 0.7400 MXN – 1.43 MXN · the 5.10 MXN price screens above the 0.9900 MXN fair value. Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Vitro, S.A. (VITROA) currently trades at 5.10 MXN, while our model-based Fair Value estimate is 0.9900 MXN, implying the stock looks roughly 80.6% overvalued today. The Quality Score stands at 70/100 (solid quality), in the Basic Materials 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, Vitro, S.A. generated revenue of 284M MXN at a net margin of 60.6%. Revenue grew 15.5% year over year. It earns a return on equity of 17.3%. Net debt stands at 74.8M MXN. Fundamentals as of Jul 20, 2026

Our scenario range runs from 0.7400 MXN (bear case) to 1.43 MXN (bull case); at 5.10 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 17% below its 52-week high and 38% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at -81%, VITROA 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 5.08 MXN 6.85 MXN 9.79 MXN 80
Residual Income 1.74 MXN 2.32 MXN 8.66 MXN 76
ROIC Compounder 0.1900 MXN 0.2400 MXN 0.2900 MXN 72
All 23 models by family
DCF Models
FCF DCF 4.87 MXN 6.71 MXN 10.01 MXN 38
Owner Earnings 2.35 MXN 3.27 MXN 4.92 MXN 31
5Y Revenue Exit 2.23 MXN 2.65 MXN 3.24 MXN 39
5Y EBITDA Exit 2.27 MXN 2.72 MXN 3.31 MXN 41
5Y P/E Exit 3.65 MXN 5.10 MXN 6.85 MXN 38
10Y Revenue Exit 3.25 MXN 3.65 MXN 4.02 MXN 36
10Y EBITDA Exit 3.29 MXN 3.69 MXN 4.06 MXN 37
10Y P/E Exit 4.11 MXN 5.13 MXN 6.09 MXN 35
Earnings-Based
Graham-Dodd 1.87 MXN 2.28 MXN 2.57 MXN 54
EPV 0.1900 MXN 0.2400 MXN 0.2900 MXN 59
Dividend Discount
Gordon GGM 0.5600 MXN 0.6100 MXN 0.6900 MXN 70
DDM Multi-Stage 0.5600 MXN 0.6900 MXN 0.8700 MXN 61
Multiples
P/E Multiple 3.50 MXN 4.67 MXN 5.84 MXN 63
P/S Multiple 0.7400 MXN 0.9900 MXN 1.24 MXN 58
P/B Multiple 3.22 MXN 4.29 MXN 5.37 MXN 55
EV/EBIT 0.6400 MXN 0.9100 MXN 1.18 MXN 53
EV/EBITDA 0.6600 MXN 0.9400 MXN 1.21 MXN 54
EV/Revenue 0.5300 MXN 0.8300 MXN 1.13 MXN 43
Asset-Based
NCAV (Graham) 0.7200 MXN 0.9600 MXN 1.43 MXN 50
Growth DCF
Growth DCF 5.08 MXN 6.85 MXN 9.79 MXN 80
Economic Profit
Residual Income 1.74 MXN 2.32 MXN 8.66 MXN 76
ROIC Compounder 0.1900 MXN 0.2400 MXN 0.2900 MXN 72
Growth Earnings
Growth-Adj P/E 2.50 MXN 3.57 MXN 4.63 MXN 68

Widest divergence: Growth DCF (6.85 MXN) versus Earnings-Based (0.2400 MXN). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 284M MXN
Revenue growth (YoY) +15.5%
Net margin 60.6%
Return on equity 17.3%
Free cash flow 255M MXN FY2023
Operating margin 3.0%
More key figures
EPS (TTM) -3.65 MXN
EPS growth (YoY) +291%
Net debt 74.8M MXN FY2023

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 69 · Market factors (momentum, volatility) 32

Profitability 49
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 99
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 29
Distance to the 52-week high (market factor)
Net Issuance 83
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

Vitro, S.A.B. de C.V., through its subsidiaries, produces, processes, distributes, and markets inorganic chemical products worldwide. The company provides sodium carbonate and bicarbonate, calcium chloride, and sodium chloride. It serves automotive, glass, detergent, water treatment, pharmaceutical, food, oil, road deicing, and livestock sectors. Vitro, S.A.

Full company description

Vitro, S.A.B. de C.V., through its subsidiaries, produces, processes, distributes, and markets inorganic chemical products worldwide. The company provides sodium carbonate and bicarbonate, calcium chloride, and sodium chloride. It serves automotive, glass, detergent, water treatment, pharmaceutical, food, oil, road deicing, and livestock sectors. Vitro, S.A.B. de C.V. was founded in 1909 and is based in San Pedro Garza García, Mexico.

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

Revenue & earnings trend

FY2019 – FY2023 · reported fiscal years

Vitro, S.A. reported revenue of 311M MXN in FY2023 versus 2.2B MXN in FY2019, a compound −38.6%/yr. Reported net income was 129M MXN in FY2023, compounding +19.1%/yr from FY2019.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2023)
311M MXN
Latest YoY
−86.8%
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.
−44.0%
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.
−32.6%
Avg. growth/yr (23Y) 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.
−17.8%
Revenue −38.6%/yr
FY19 2.2B MXN
FY20 1.8B MXN
FY21 2.0B MXN
FY22 2.4B MXN
FY23 311M MXN
Net income +19.1%/yr
FY19 64.1M MXN
FY20 −45.4M MXN
FY21 −107M MXN
FY22 17.9M MXN
FY23 129M MXN

VITROA screens 81% overvalued. Compare with CRH plc →

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

Peer Group

Building Materials · 253 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 70 · Top 25%
Fair Value upside −81% · Bottom 25%
Return on equity (TTM) 17% · Top 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) 61% · Top 25%
Operating margin (TTM) 3% · Below median
Revenue growth 16% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.17× · Higher than median

Valuation Multiples vs Building Materials median · lower = cheaper

P/B 0.21× · Cheaper than 75% of peers
P/S (TTM) 0.49× · Cheaper than median
P/FCF 0.5× · Cheaper than median
EV/EBITDA 23.5× · Pricier 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 0 · sector 27
FUTURE 78 · sector 2
PAST 69 · sector 15
HEALTH 92 · sector 92
DIVIDEND 0 · sector 42

VALUE 0: the price sits above our fair-value range.

Insider activity: 35/100

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 Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
CRH plc CRH $102.92 $70.57 -31%
UltraTech Cement Limited ULTRACEMCO ₹11,711 ₹4,719 -60%
China Jushi Co 600176 ¥54.52 ¥13.95 -74%
Grasim Industries Limited GRASIM ₹3,073 ₹1,245 -59%
CEMEX, S.A. CEMEXCPO 21.71 MXN 15.42 MXN -29%
Anhui Conch Cement Company 600585 ¥16.99 ¥26.14 +54%
Ambuja Cements Limited AMBUJACEM ₹435.25 ₹227.96 -48%
Shree Cement Limited SHREECEM ₹26,930 ₹8,215 -69%
TCC Group 1101B 43.70 TWD 10.48 TWD -76%
Taiwan Glass Ind. Corp 1802 53.30 TWD 13.98 TWD -74%

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Frequently asked questions

Is Vitro, S.A. (VITROA) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 0.9900 MXN versus a price of 5.10 MXN, about −81% (overvalued).
What is the fair value of VITROA?
Our model-based fair value for Vitro, S.A. is 0.9900 MXN (as of Jul 20, 2026), built from audited fundamentals. The current price is 5.10 MXN.
What is the quality score of VITROA?
Vitro, S.A. has a Quality Score of 70/100. 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 Vitro, S.A. (VITROA)?
Vitro, S.A. reported trailing-twelve-month revenue of about 284M MXN (latest available figure, as of Jul 20, 2026).
What is the net profit margin of VITROA?
The net profit margin of Vitro, S.A. is about 60.6%, meaning it keeps roughly 60.6% 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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