- Soriana is currently the second largest supermarket company in Mexico with 894 stores.
- This number of stores is mainly attributed to large acquisitions that involved a lot of debt and a subsequent deleverage.
- Their last acquisition was in 2016 and currently the company has a solid balance sheet.
- This makes us think it is reasonable to expect a big move to occur in the future.
- The company is trading at historical low multiples. Thus, it promises high upside potential uncorrelated to the movement of the markets.
For further details see:
Soriana: Leading Supermarket Company In Mexico With 50% Discount-To-Book Value