The purchase so far is well received by analysts, given that the company will generate income of 4.9 billion pesos, which equivalent to 5.45% of total income that it registered in 2021, for 90,258 million pesos.
To these is added that the purchase agreement did not lead the company into debt and implies an enterprise value / EBITDA multiple of three times estimated by 2022, according to Chedraui’s calculations.
“We consider the announcement of the acquisition of Arteli as favorable, which is part of the company’s strategy of take advantage of attractive opportunities that allow the consolidation of the group“, Carlos Hernández, Paola Soto and Marissa Garza, from Banorte Casa de Bolsa, wrote in an analysis.
In addition to the stores, Chedraui adds to its operations a distribution center located in Tampico and a bread, tortilla and meat processing plant, which “It allows the company to generate synergies between the stores in the region that it already has”says Marcela Muñoz.
Until now this is the first distribution center owned by the company, which rents all those that up to now make up its infrastructure in Monterrey, Guadalajara, La Paz, Cancun and Veracruz.
The purchase is located within 21% of the consolidated income that the company contemplated spending during this year, resources in which the opening of one Chedraui Store, five Super Chedraui and 25 Supercito in Mexico, plus two new branches under the format Smart & Final in the United States.
