Grupo Carso Consolidates Oil Stake, But Remains Expensive
Source: SeekingAlpha
2025-02-07 05:02:52 ET
Summary
- Grupo Carso faces low direct tariff risk but significant indirect exposure through the Mexican economy, justifying a Hold rating with a 17x earnings multiple.
- Retail segment flat, industrial and cement segments grew due to MXN depreciation, while construction declined post-Maya Train project completion.
- Energy segment benefited from MXN depreciation; new O&G segment added with natural gas and oil exploration in southern Mexico.
- Valuation remains high at 17x earnings, with concerns over organic growth, sector complexity, and tariff risk exposure. Hold rating maintained.
Grupo Carso ( OTCPK:GPOVF ) ( OTCPK:GPOVY ) presented 4Q24 results last week and held a conference call to discuss tariff risks and plans for 2025....
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Grupo Carso Consolidates Oil Stake, But Remains Expensive
Grupo Carso S.A. de C.V.
NASDAQ: GPOVF
GPOVF Trading
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