Bio Pappel, S.A.B. DE C.V.

(Mexico)
Source:

Statement type Annual, Cons. Annual, Cons.

Period end date 2020-12-31 2019-12-31
Units Thousands MXN Thousands MXN

Income Statement 2020 2019

Total operating revenue 27,424,590 26,384,120
      Net sales revenue 27,422,856 25,936,810
      Cost of goods sold -22,156,121 -20,013,009
Gross profit 5,266,735 5,923,801
      Selling and distribution expenses -914,597 -585,763
      Administrative expenses -1,378,768 -1,287,110
      Net other operating result -265,008 -87,670
            Other operating income 1,734 447,310
            Other operating expenses -266,742 -534,980
Operating profit (EBIT) 2,708,362 3,963,258
EBITDA 4,591,011 5,315,460
Financial result -1,146,024 -1,136,636
      Finance income 269,829 349,997
      Finance Expenses -1,420,362 -1,493,146
      Share of profit (loss) of associates 4,509 6,513
Profit before income tax 1,562,338 2,826,622
Income tax -564,265 -1,091,282
Profit after income tax 998,073 1,735,340
Net Profit (Loss) for the Period 998,073 1,735,340

Balance Sheet 2020 2019

Total assets 35,912,882 36,032,165
      Non-current assets 23,369,468 22,857,332
            Property, plant and equipment 20,456,765 20,030,332
            Intangible assets and goodwill 2,256,030 2,456,366
                  Goodwill 225,644 340,386
                  Trademarks and licenses 1,685,329 1,776,011
                  Other intangible assets 345,057 339,969
            Non-current trade and other receivables 128,051 106,109
            Long-term financial assets 99,973 101,058
            Deferred assets 428,649 163,467
      Current assets 12,543,414 13,174,833
            Inventories 3,273,557 3,102,161
            Trade and other receivables 5,581,228 5,022,348
                  Other current receivables 5,581,228 5,022,348
            Short term financial assets 176,127 93,688
            Cash and Cash Equivalents 3,512,502 4,956,636
            Other current assets 0.00 0.00
Total equity and liabilities 35,912,882 36,032,165
      Total equity 17,054,388 15,836,784
            Equity attributable to owners of the parent 17,240,298 15,962,719
                  Issued capital 5,346,304 5,346,304
                  Share premium 23,248 23,248
                  Other reserves 246,195 269,755
                  Retained earnings 11,624,551 10,323,412
            Minority interest -185,910 -125,935
      Total liabilities 18,858,494 20,195,381
            Non-current liabilities 12,593,758 14,078,204
                  Other non-current financial liabilities 8,247,891 9,438,931
                  Other non-current payables 1,506,662 1,552,808
                  Deferred revenue, accrued expenses and other deferred non-current liabilities
2,352,444 2,595,655
                  Provisions for other liabilities and charges 390,092 345,806
                  Other non-current liabilities 96,669 145,004
            Current liabilities 6,264,736 6,117,177
                  Other current financial liabilities 2,305,489 2,346,966
                  Trade and other payables 3,488,232 3,273,554
                  Provisions for other liabilities and charges 223,631 235,609

Cash Flow Statement 2020 2019

Net cash flow from (used in) operating activities 2,782,586 3,662,179
      Net profit 998,073 1,735,340
      Cash generated from operations 2,758,793 2,753,411
            Adjustments for: Depreciation and impairment of property, plant and equipment
1,882,649 1,352,202
            Adjustments for: Impairment loss on property, plant and equipment 7,235 122,212
            Adjustments for: Impairment loss on trade receivables -18,798 150,352
            Adjustments for: Other adjustments 1,998,272 -85,929
            Changes in: Inventories -201,012 428,912
            Changes in: Trade and other receivables -909,553 785,662
      Other operating activity cash flows -974,280 -826,572
Net cash flow from (used in) investing activities -1,540,222 -1,633,400
      Purchase of property, plant and equipment -1,446,823 -899,135
      Acquisition of subsidiary 0.00 -1,050,629
      Interest received 96,951 93,820
      Other investing activity cash flows -190,350 222,544
Net cash flow from (used in) financing activities -2,725,256 414,860
      Proceeds from borrowings 0.00 9,452,675
      Repayment of borrowings -1,532,924 -8,284,969
      Payments of finance lease liabilities -413,060 -193,867
      Interest paid -779,272 -985,785
      Other financing activity cash flow 0.00 426,806
Net increase (decrease) in cash and cash equivalents -1,482,892 2,443,639
Cash at the beginning of the period 4,956,636 2,634,762
Exchange gain (loss) on cash and cash equivalents 38,758 -121,765
Cash at the end of the period 3,512,502 4,956,636

Statement type Annual, Cons. Annual, Cons.

Begin date of reporting period 2020-01-01 2019-01-01
Period end date 2020-12-31 2019-12-31
Original Units as Reported MXN Thousands MXN Thousands
Audited Non-Audited Non-Audited
Source BMV - IFRS FS BMV - IFRS FS

Any redistribution of this information is strictly prohibited.

Copyright © 2022 EMIS, all rights reserved.
 EMIS
12TH FLOOR 30 CROWN PLACE
London, EC2A 4EB, United Kingdom
www.emis.com

Annual, Cons.
2018-12-31
Thousands MXN

2018
26,534,215
26,451,761
-20,850,925
5,600,836
-578,159
-1,022,826
99.00
82,454 2,706,628
-82,355 -2,560,107
3,999,950
5,254,779
-972,357
157,290
-1,135,875
6,228
3,027,593
-774,660
2,252,933
2,252,933

2018
29,829,166
18,648,156
18,220,981
165,485
0.00
0.00
165,485
0.00
 81,869
179,821
11,181,010
3,257,722
5,222,431
5,222,431
0.00
2,634,762
66,095
29,829,166
14,419,073
14,418,992
5,346,304
23,248
460,119
8,589,321
81.00
15,410,093
8,992,430
6,195,788
0.00
2,326,942
276,361
193,339
6,417,663
2,273,691
3,952,458
191,514

2018
3,744,552
2,252,933
2,122,604
1,254,829
5,744
150,729
1,452,259
-239,738
-501,219
-630,985
-1,315,145
-1,452,217
0.00
67,648
 69,424
-1,970,188
42,354
-988,322
0.00
-963,567
-60,653
459,219
2,185,854
-10,311
2,634,762

Annual, Cons.
2018-01-01
2018-12-31
MXN Thousands
Non-Audited
BMV - IFRS FS
Biopappel México S.A.B de C.V
Estado de Resultados
Cifras en miles de pesos
Obtenido de EMIS

2020 2019
Ventas netas (+) $27,422,856.00 $25,936,810.00
Costo de ventas (-) -$22,156,121.00 -$20,013,009.00
Utilidad bruta (=) $5,266,735.00 $5,923,801.00
Gastos de venta, generales y administración (-) -$2,560,107.00 -$2,407,853.00
Utilidad de operación (=) $2,708,362.00 $3,963,258.00
Otros gastos financieros (-) -$1,420,362.00 -$1,493,146.00
Otros ingresos financieros (+) $269,829.00 $349,997.00
Utilidad antes de impuestos (=) $1,562,338.00 $2,826,622.00
Impuestos a la utilidad (-) -$564,265.00 -$1,091,282.00
Utilidad neta (=) $998,073.00 $1,735,340.00
 2018
$26,451,761.00
-$20,850,925.00
$5,600,836.00
-$1,683,340.00
$3,999,950.00
-$1,135,875.00
$157,290.00
$3,027,593.00
-$774,660.00
$2,252,933.00
Biopappel México S.A.B de C.V
Balance General
Cifras en miles de pesos
Obtenido de EMIS

2020 2019
ACTIVOS
Activos circulantes
Efectivo y equivalentes $3,512,502.00 $4,956,636.00
Cuentas por cobrar, neto $5,581,228.00 $5,022,348.00
Inventarios $3,273,557.00 $3,102,161.00
Otros activos a corto plazo $176,127.00 $93,688.00
Total activos circulantes $12,543,414.00 $13,174,833.00

Activos no circulantes
Activo fijo (propiedad, planta y equipo) $20,456,765.00 $20,030,332.00
Otros activos a largo plazo $2,912,703.00 $2,827,000.00
Total activos no circulantes $23,369,468.00 $22,857,332.00

Activos Totales $35,912,882.00 $36,032,165.00

PASIVOS
Pasivos a corto plazo
Cuentas a pagar a proveedores $3,488,232.00 $3,273,554.00
Otros pasivos a corto plazo $2,776,504.00 $2,843,623.00
Total pasivos a corto plazo $6,264,736.00 $6,117,177.00

Pasivos a largo plazo

Préstamos a largo plazo $8,247,891.00 $9,438,931.00
Otros pasivos a largo plazo $4,345,867.00 $4,639,273.00
Total pasivos a largo plazo $12,593,758.00 $14,078,204.00

Pasivos Totales $18,858,494.00 $20,195,381.00

Capital Contable
Capital social $5,346,304.00 $5,346,304.00
Utilidades acumuladas $11,624,551.00 $10,323,412.00
Otras cuentas de capital $83,533.00 $167,068.00
Capital contable total $17,054,388.00 $15,836,784.00

Pasivo y Capital Contable Total $35,912,882.00 $36,032,165.00

 2018

$2,634,762.00
$5,222,431.00
$3,257,722.00
$66,095.00
$11,181,010.00

$18,220,981.00
$427,175.00
$18,648,156.00

$29,829,166.00

$3,952,458.00
$2,465,205.00
$6,417,663.00

$6,195,788.00
$2,796,642.00
$8,992,430.00

$15,410,093.00

$5,346,304.00
$8,589,321.00
$483,448.00
$14,419,073.00

$29,829,166.00
Biopappel México S.A.B de C.V
Estado de Resultados
Cifras en miles de pesos
Obtenido de EMIS
Análisis
2020 Vertical 2019
Ventas netas (+) $27,422,856.00 100% $25,936,810.00
Costo de ventas (-) $22,156,121.00 81% $20,013,009.00
Utilidad bruta (=) $5,266,735.00 19% $5,923,801.00
Gastos de venta, generales y administración (-) $2,823,381.00 10% $2,048,213.00
Utilidad de operación (=) $2,443,354.00 9% $3,875,588.00
Otros gastos financieros (-) $1,420,362.00 5% $1,493,146.00
Otros ingresos financieros (+) $269,829.00 1% $349,997.00
Utilidad antes de impuestos (=) $1,292,821.00 5% $2,732,439.00
Impuestos a la utilidad (-) $564,265.00 2% $1,091,282.00
Utilidad neta (=) $728,556.00 3% $1,641,157.00

Biopappel México S.A.B de C.V

Balance General
Cifras en miles de pesos
Obtenido de EMIS
Análisis
2020 Vertical 2019
ACTIVOS
Activos circulantes
Efectivo y equivalentes $3,512,502.00 10% $4,956,636.00
Cuentas por cobrar, neto $5,581,228.00 16% $5,022,348.00
Inventarios $3,273,557.00 9% $3,102,161.00
Otros activos a corto plazo $176,127.00 0% $93,688.00
Total activos circulantes $12,543,414.00 35% $13,174,833.00

Activos no circulantes
Activo fijo (propiedad, planta y equipo) $20,456,765.00 57% $20,030,332.00
Otros activos a largo plazo $2,912,703.00 8% $2,827,000.00
Total activos no circulantes $23,369,468.00 65% $22,857,332.00

Activos Totales $35,912,882.00 100% $36,032,165.00

PASIVOS
Pasivos a corto plazo
Cuentas a pagar a proveedores $3,488,232.00 10% $3,273,554.00
Otros pasivos a corto plazo $2,776,504.00 8% $2,843,623.00
Total pasivos a corto plazo $6,264,736.00 17% $6,117,177.00
Pasivos a largo plazo
Préstamos a largo plazo $8,247,891.00 23% $9,438,931.00
Otros pasivos a largo plazo $4,345,867.00 12% $4,639,273.00
Total pasivos a largo plazo $12,593,758.00 35% $14,078,204.00

Pasivos Totales $18,858,494.00 53% $20,195,381.00

Capital Contable
Capital social $5,346,304.00 15% $5,346,304.00
Utilidades acumuladas $11,624,551.00 32% $10,323,412.00
Otras cuentas de capital $83,533.00 0.2% $167,068.00
Capital contable total $17,054,388.00 47% $15,836,784.00

Pasivo y Capital Contable Total $35,912,882.00 100% $36,032,165.00

 Análisis Horizontal
Análisis Análisis 2020 vs 2019
Vertical 2018 Vertical Cambio absoluto Cambio porcentual
100% $26,451,761.00 100% $1,486,046.00 5.73%
77% $20,850,925.00 79% $2,143,112.00 10.71%
23% $5,600,836.00 21% -$657,066.00 -11.09%
8% $1,600,787.00 6% $775,168.00 37.85%
15% $4,000,049.00 15% -$1,432,234.00 -36.96%
6% $1,135,875.00 4% -$72,784.00 -4.87%
1% $157,290.00 1% -$80,168.00 -22.91%
11% $3,021,464.00 11% -$1,439,618.00 -52.69%
4% $774,660.00 3% -$527,017.00 -48.29%
6% $2,246,804.00 8% -$912,601.00 -55.61%

Análisis Horizontal
Análisis Análisis 2020 vs 2019
Vertical 2018 Vertical Cambio absoluto Cambio porcentual

14% $2,634,762.00 9% -1,444,134.00 -29.14%

14% $5,222,431.00 18% 558,880.00 11.13%
9% $3,257,722.00 11% 171,396.00 5.53%
0% $66,095.00 0% 82,439.00 87.99%
37% $11,181,010.00 37% -631,419.00 -4.79%

56% $18,220,981.00 61% 426,433.00 2.13%

8% $427,175.00 1% 85,703.00 3.03%
63% $18,648,156.00 63% 512,136.00 2.24%

100% $29,829,166.00 100% -119,283.00 -0.33%

9% $3,952,458.00 13% 214,678.00 6.56%

8% $2,465,205.00 8% -67,119.00 -2.36%
17% $6,417,663.00 22% 147,559.00 2.41%
26% $6,195,788.00 21% -1,191,040.00 -12.62%
13% $2,796,642.00 9% -293,406.00 -6.32%
39% $8,992,430.00 30% -1,484,446.00 -10.54%

56% $15,410,093.00 52% -1,336,887.00 -6.62%

15% $5,346,304.00 18%

29% $8,589,321.00 29% 1,301,139.00 12.60%
0.5% $483,448.00 2% -83,535.00 -50.00%
44% $14,419,073.00 48% 1,217,604.00 7.69%

100% $29,829,166.00 100% -119,283.00 -0.33%

 2019 vs 2018 2020 vs 2018
Cambio absoluto Cambio porcentual Cambio absoluto Cambio porcentual
-$514,951.00 -1.95% $971,095.00 4%
-$837,916.00 -4.02% $1,305,196.00 6%
$322,965.00 5.77% -$334,101.00 -6%
$447,426.00 27.95% $1,222,594.00 76%
-$124,461.00 -3.11% -$1,556,695.00 -39%
$357,271.00 31.45% $284,487.00 25%
$192,707.00 122.52% $112,539.00 72%
-$289,025.00 -9.57% -$1,728,643.00 -57%
$316,622.00 40.87% -$210,395.00 -27%
-$605,647.00 -26.96% -$1,518,248.00 -68%

2019 vs 2018 2020 vs 2018

Cambio absoluto Cambio porcentual Cambio absoluto Cambio porcentual

2,321,874.00 88.12% 877,740.00 33.31%

-200,083.00 -3.83% 358,797.00 6.87%
-155,561.00 -4.78% 15,835.00 0.49%
27,593.00 41.75% 110,032.00 166.48%
1,993,823.00 17.83% 1,362,404.00 12.18%

1,809,351.00 9.93% 2,235,784.00 12.27%

2,399,825.00 561.79% 2,485,528.00 581.85%
4,209,176.00 22.57% 4,721,312.00 25.32%

6,202,999.00 20.80% 6,083,716.00 20.40%

-678,904.00 -17.18% -464,226.00 -11.75%

378,418.00 15.35% 311,299.00 12.63%
-300,486.00 -4.68% -152,927.00 -2.38%
3,243,143.00 52.34% 2,052,103.00 33.12%
1,842,631.00 65.89% 1,549,225.00 55.40%
5,085,774.00 56.56% 3,601,328.00 40.05%

4,785,288.00 31.05% 3,448,401.00 22.38%

1,734,091.00 20.19% 3,035,230.00 35.34%

-316,380.00 -65.44% -399,915.00 -82.72%
1,417,711.00 9.83% 2,635,315.00 18.28%

6,202,999.00 20.80% 6,083,716.00 20.40%

Tablas para graficar Ventas
Ventas netas Vent

Variación entre años $28,000,000.00

Año Ventas % $27,500,000.00 5.73%
2020 $27,422,856.00 5.73%
$27,000,000.00
2019 $25,936,810.00 -1.95%
2018 $26,451,761.00 0% $26,500,000.00

$26,000,000.00

$25,500,000.00

$25,000,000.00
2020

Costo de ventas

Año
Variación entre años
Costo de ventas %
Costo d
2020 $22,156,121.00 10.71% Costo d
2019 $20,013,009.00 -4.02% $22,500,000.00
2018 $20,850,925.00 0% $22,000,000.00
10.71%
$21,500,000.00
$21,000,000.00
$20,500,000.00
$20,000,000.00
$19,500,000.00
$19,000,000.00
$18,500,000.00
2020

Gastos de operación

Año
Variación entre años
Gastos operación%
Gastos d
2020 $2,823,381.00 37.85% $3,000,000.00
37.85%
2019 $2,048,213.00 27.95%
$2,500,000.00
2018 $1,600,787.00 0%
$2,000,000.00

$1,500,000.00

$1,000,000.00

$500,000.00

$0.00
2020
 $2,000,000.00

$1,500,000.00

$1,000,000.00

$500,000.00

$0.00
2020

Utilidad Neta

Año
Variación entre años
U. Neta %
Utili
2020 $728,556.00 -55.61% $2,500,000.00

2019 $1,641,157.00 -26.96%

2018 $2,246,804.00 0% $2,000,000.00

$1,500,000.00

$1,000,000.00

$500,000.00

-55.61
$0.00
2020
 Ventas Netas
Ventas %
$28,000,000.00

$27,500,000.00 5.73%

$27,000,000.00

$26,500,000.00

$26,000,000.00
0%
$25,500,000.00
-1.95%
$25,000,000.00
2020 2019 2018

Costo de ventas
Costo de ventas %
$22,500,000.00
$22,000,000.00
10.71%
$21,500,000.00
$21,000,000.00
$20,500,000.00
$20,000,000.00
0%
$19,500,000.00
$19,000,000.00 -4.02%
$18,500,000.00
2020 2019 2018

Gastos de operación
$3,000,000.00
37.85%
$2,500,000.00

$2,000,000.00 27.95%

$1,500,000.00

$1,000,000.00

$500,000.00

$0.00 0%
2020 2019 2018
$2,000,000.00 27.95%

$1,500,000.00

$1,000,000.00

$500,000.00

$0.00 0%
2020 2019 2018

Utilidad Neta
$2,500,000.00 0%

$2,000,000.00

$1,500,000.00
-26.96%
$1,000,000.00

$500,000.00

-55.61%
$0.00
2020 2019 2018
Cálculo de Razones Financieras con los resultados del 2019 y 2020

2020 2019

1. Margen de Utilidad Bruta Utilidad bruta = $ 5,266,735.00 19% $ 5,923,801.00

Ventas $ 27,422,856.00 $ 25,936,810.00

2. Margen de Utilidad Operación Utilidad operación = $ 2,708,362.00 9.88% $ 3,963,258.00

Ventas $ 27,422,856.00 $ 25,936,810.00

3. Margen de Utilidad Neta Utilidad neta = $ 998,073.00 3.64% $ 1,735,340.00

Ventas $ 27,422,856.00 $ 25,936,810.00

Rendimiento sobre Activos (ROA) Utilidad neta = $ 998,073.00 2.78% $ 1,735,340.00

Activo total $ 35,912,882.00 $ 36,032,165.00

Rendimiento sobre Capital (ROE) Utilidad neta = $ 998,073.00 5.85% $ 1,735,340.00

Capital contable $ 17,054,388.00 $ 15,836,784.00

73
Rotación de Cuentas por Cobrar Ventas = 27,422,856 4.9 25,936,810
Cuentas por cobrar 5,581,228 veces 5,022,348

53
Rotación de Inventarios Costo de ventas = 22,156,121 6.77 20,013,009
Inventarios 3,273,557 veces 3,102,161

57
Rotación de Cuentas por Pagar Costo de ventas = 22,156,121 6.35 20,013,009
Cuentas por pagar 3,488,232 veces 3,273,554

Razón de Deuda a Largo Plazo Pasivo largo plazo = 12,593,758 35% 14,078,204
Activo total 35,912,882 36,032,165

Índice de liquidez Activo circulante = 12,543,414 2.00 13,174,833

Pasivo corto plazo 6,264,736 veces 6,117,177
2019 2018 Industria 2020

22.84% $ 5,600,836.00 21.17% 20.09%

$ 26,451,761.00

15.28% $ 3,999,950.00 15.12% 8.38%

$ 26,451,761.00

6.69% $ 2,252,933.00 8.52% 5.82%

$ 26,451,761.00

4.82% $ 2,252,933.00 7.55% 6.89%

$ 29,829,166.00

10.96% $ 2,252,933.00 15.62%

$ 14,419,073.00

70 71 33
5.16 26,451,761 5.07 9.17
veces 5,222,431 veces

56 56 57
6.45 20,850,925 6.40 5.90
veces 3,257,722 veces

59 68 37
6.11 20,850,925 5.28 9.80
veces 3,952,458 veces

39% 8,992,430 30%

29,829,166

2.15 11,181,010 1.74 1.56

veces 6,417,663 veces
 ¿Qué me dice?
El Margen de utilidad bruta es un margen de rentabilidad que muestra que
porcentaje de las ventas se convierten en utilidad despues de descontar el
costo de ventas. Este margen varia dependiendo de la industria, en este caso
BIOPAPPEL maneja un margen bruto de entre 19% y 21%, esto quiere decir
que del total de ventas, la empresa obtiene un 21% de utilidad bruta, también
quiere decir que si vende un producto por $100, el costo de ventas ese
producto
operativosesdel
deperiodo.
$79 y solo
Enobtiene $21
este caso pesos pormantiene
BIOPAPPEL conceptoun
de margen
utilidad bruta.
operativo de 15%, sin embargo en 2020 este margen se reduce
considerablemente debido a un incremento muy notorio en los gastos
operativos. Entendiendo las repercusiones de la pandemia para la industria de
caso los consideraría como bajos, debido a que se manejan entre 3 y 8%, es
importante destacar que Biopappel es una industria manufacturera y que en
su caso por el trabajo e inversión que esto implica el margen es bajo pues hay
otras empresas como las de supermercados que no realizan ningún proceso de
activos en este caso se entiende que en 2020, por cada peso que invirtieras en
los activos de BIOPAPPEL se obtendria un 2.03% de retorno. Este margen
puede variar dependiendo de la capacidad que tenga la empresa para generar
valor con sus activos, en este caso BIOPAPPEL disminuye muy
considerablmente su ROA a partir del 2019, esto puede deberse a una mala

El ROE nos indica que tan bien se utilizan los recursos de los inversionistas, e

Días de cobranza

La rotación de cuentas por cobrar indica la capacidad de la empresa para cobrar

Días

La rotación de inventarios nos indica que tantas veces la empresa debe realizar

Días
pagos y esto beneficia a cualquier empresa. Es importante considerar que el
ciclo de cuentas por cobrar, el de cuentas por pagar y el de inventarios
conforman el ciclo financiero de la empresa y dicho indicador es muy
importante pues nos indica que tanto tiempo transcurre desde el pago de las
compras hasta el cobro de las ventas y con dicho indicador podemos

Está razón nos indica que porcentaje de los activos están financiados con deuda

Este indice nos indica finalmente la capacidad que tiene la empresa de cubrir s
EMIS Benchmark Key Indicators: Miscellaneous Manufacturing (339)
* All Figures except for employees and ratios in Thousands MXN using Sum values. Growth indicators are calculated based on figures in loc

Year 2020 2019

Companies in Industry 21 30

2020 2019
Size
Sales 18,808,808.00 24,067,514.00
Assets 15,886,547.00 21,353,708.00
Profit 1,094,943.88 1,670,162.50
Total Shareholders' Equity 10,103,527.00 13,581,838.00
Growth
Net Sales Growth Rate % -0.21 0.91
Inc. / Dec. in Assets -0.24 1.06
Inc. / Dec.in Net Income -0.34 3.12
Increase (Decrease) in Equity -0.25 1.37
Profitability
Net Income / Net Sales 0.06 0.07
Return On Assets 0.07 0.08
Net Income / Net Worth 0.11 0.12
Operational Profit / Sales 0.08 -0.33
Indebtedness
Indebtedness 0.36 0.38
Leverage 0.57 0.60
Total Liabilities / Sales 0.31 0.34
Current Liabilities / Total Liabilities 0.83 0.82
Efficiency
Days Receivables 32.59 51.48
Days Inventory 57.18 78.49
Suppliers Turnover 36.75 43.64
Operational Cycle 89.77 129.97
Liquidity
Current Ratio 1.56 1.75
Quick Ratio 1.06 1.20
Working Capital 2,665,826.00 4,951,325.00
Others
Gross Profit Margin 0.20 0.31
Payroll
Total Employee 3,141.00 18,938.00
Any redistribution of this information is strictly prohibited.
Copyright ©2022 EMIS, all rights reserved.
An ISI Emerging Markets Group Company
ators are calculated based on figures in local currency.

2018 2017
28 11

2018 2017

12,630,681.00 2,708,039.50
10,370,408.00 2,922,238.75
405,569.22 60,517.17
5,742,638.50 1,172,484.00

3.66 0.00
2.55 0.00
5.70 0.00
3.90 0.00

0.03 0.02
0.04 0.02
0.07 0.05
0.05 0.04

0.45 0.60
0.81 1.49
0.37 0.65
0.90 0.87

51.01 69.77
92.18 61.15
106.03 119.54
143.19 130.91

1.69 1.22
1.27 0.96
2,900,425.75 328,825.63

0.45 0.14

192.00 0.00
Location Indicator Sector Units
Mexico Pulp & paper, Value-added output, real LCU Pulp & paper, NACE rv2 1 Peso
Mexico Pulp & paper, Value-added output, real US$ Pulp & paper, NACE rv2 1 US$
Mexico Pulp & paper, Output (value-added index) Pulp & paper, NACE rv2 1 NA
Mexico Pulp & paper, Value-added output, % of world Pulp & paper, NACE rv2 1 %
Mexico Pulp & paper, Value-added output, % of manufacturiPulp & paper, NACE rv2 1 %
Mexico Pulp & paper, Value-added output, % of real GDP Pulp & paper, NACE rv2 1 %
Mexico Pulp & paper, Value-added output, nominal LCU Pulp & paper, NACE rv2 1 Peso
Mexico Pulp & paper, Value-added output, nominal US$ Pulp & paper, NACE rv2 1 US$
Mexico Pulp & paper, Gross output, real LCU Pulp & paper, NACE rv2 1 Peso
Mexico Pulp & paper, Gross output, real US$ Pulp & paper, NACE rv2 1 US$
Mexico Pulp & paper, Gross output, nominal LCU Pulp & paper, NACE rv2 1 Peso
Mexico Pulp & paper, Gross output, nominal US$ Pulp & paper, NACE rv2 1 US$
Mexico Pulp & paper, Investment, real LCU Pulp & paper, NACE rv2 1 Peso
Mexico Pulp & paper, Investment, nominal LCU Pulp & paper, NACE rv2 1 Peso
Mexico Pulp & paper, Investment, real US$ Pulp & paper, NACE rv2 1 US$
Mexico Pulp & paper, Investment, nominal US$ Pulp & paper, NACE rv2 1 US$
Mexico Pulp & paper, Gross operating surplus, nominal LCU Pulp & paper, NACE rv2 1 Peso
Mexico Pulp & paper, Gross operating surplus, nominal US$ Pulp & paper, NACE rv2 1 US$

Incremento en ventas
 Measureme
Scale nt 2021 2022 2023 2024 2025
Billions: 2015 prices Level 61.3 63.6 63.7 64.0 65.0
Billions: 2015 prices Level 3.9 4.0 4.0 4.0 4.1
2015=100 Level 113.9 118.3 118.4 119.0 120.9
NA Level 1.2 1.3 1.2 1.2 1.2
NA Level 1.8 1.8 1.7 1.7 1.7
NA Level 0.3 0.3 0.3 0.3 0.3
Billions Level 86.5 98.6 104.8 109.6 115.9
Billions Level 4.3 4.8 5.0 5.1 5.4
Billions: 2015 prices Level 224.6 233.2 233.3 234.5 238.3
Billions: 2015 prices Level 14.1 14.7 14.7 14.8 15.0
Billions Level 316.9 361.3 384.1 401.6 424.9
Billions Level 15.6 17.7 18.2 18.7 19.6
Billions: 2015 prices Level 18.0 18.5 18.2 18.2 18.6
Billions Level 22.5 23.6 23.9 24.4 25.3
Billions: 2015 prices Level 1.1 1.2 1.1 1.1 1.2
Billions Level 1.1 1.2 1.1 1.1 1.2
Billions Level 62.4 71.2 75.6 78.7 83.1
Billions Level 3.1 3.5 3.6 3.7 3.8

14% 6% 5% 6%
 Seasonally
2026 2027 2028 2029 2030 2031 Source adjusted
66.1 67.0 67.3 67.4 67.7 68.1 Instituto Nacional Yes
4.2 4.2 4.2 4.2 4.3 4.3 Instituto Nacional Yes
122.9 124.6 125.1 125.3 125.8 126.5 Instituto Nacional No
1.2 1.2 1.2 1.2 1.2 1.2 Instituto Nacional Yes
1.7 1.7 1.6 1.6 1.6 1.6 Instituto Nacional Yes
0.3 0.3 0.3 0.3 0.3 0.3 Instituto Nacional Yes
122.4 128.7 134.0 139.3 145.1 151.3 Instituto Nacional Yes
5.6 5.9 6.1 6.3 6.5 6.7 Instituto Nacional Yes
242.2 245.6 246.5 247.0 248.0 249.4 Instituto Nacional Yes
15.3 15.5 15.5 15.6 15.6 15.7 Instituto Nacional Yes
448.6 471.6 491.0 510.5 531.7 554.4 Instituto Nacional Yes
20.6 21.5 22.2 23.0 23.7 24.6 Instituto Nacional Yes
19.0 19.3 19.7 19.9 20.1 20.3 Instituto Nacional Yes
26.2 27.1 28.0 28.7 29.5 30.2 Instituto Nacional Yes
1.2 1.2 1.2 1.3 1.3 1.3 Instituto Nacional Yes
1.2 1.2 1.3 1.3 1.3 1.3 Instituto Nacional Yes
87.7 92.2 96.0 99.8 103.9 108.4 Instituto Nacional Yes
4.0 4.2 4.3 4.5 4.6 4.8 Instituto Nacional Yes

6% 5% 4% 4% 4% 4%
Base year Base year Historical Historical Date of last
price index end year end quarter update Source details
2015 2022 2 20 September 2022Industrial production in Pulp & paper scaled to man
2015 2022 2 20 September 2022Pulp & paper value-added output in constant LCU co
2015 2022 2 20 September 2022Output Pulp & paper rebased to 2015=100
2022 2 20 September 2022(Output,Pulp & paper/World output, Pulp & paper)
2022 2 20 September 2022(Output,Pulp & paper/Output, Manufacturing ) * 10
2022 2 20 September 2022(Output, Pulp & paper/Real GDP)*100
2022 2 20 September 2022Pulp & paper value-added output inflated and scaled
2022 2 20 September 2022Pulp & paper value-added output in current LCU pri
2015 2022 2 20 September 2022Pulp & paper value added multiplied by Grossoutput
2015 2022 2 20 September 2022Pulp & paper gross output in constant LCU converte
2022 2 20 September 2022Pulp & paper current-price LCU value-added output
2022 2 20 September 2022Pulp & paper gross output in current LCU prices co
2015 2018 4 20 September 2022Investment Pulp & paper rebased to 2015 prices
2018 4 20 September 2022Pulp & paper gross fixed capital formation scaled to
2015 2018 4 20 September 2022Pulp & paper investment in constant LC
2018 4 20 September 2022Pulp & paper investment in current LC
2022 2 20 September 2022Pulp & paper current price value added output multi
2022 2 20 September 2022Pulp & paper gross operating surplus in current LCU
 Additional
source Location Indicator
details code code
p & paper scaled to man MEX YPAPB
output in constant LCU coMEX YPAPB$
ed to 2015=100 MEX QPAPB
ld output, Pulp & paper) MEX YPAPB%WLD
put, Manufacturing ) * 10MEX YPAPB%MF
MEX YPAPB%GDP
output inflated and scaledMEX
to manufacturing
YPAPB! value-added output
output in current LCU pri MEX YPAPB$!
multiplied by GrossoutputMEX GYPAPB
in constant LCU converteMEX GYPAPB$
LCU value-added output MEX GYPAPB!
in current LCU prices co MEX GYPAPB$!
ebased to 2015 prices MEX IPAPB
pital formation scaled to MEX IPAPB!
converted to MEX IPAPB$
converted to MEX IPAPB$!
value added output multiMEX PRPAPB
ng surplus in current LCU MEX PRPAPB$!
Proyección de Ventas 2020 2022 2023 2024
Incremento en Ventas 14.0% 6.3% 4.6%
Ventas $27,422,856

Estado de Resultados Base 2022 2023 2024

Ventas $31,261,702 $33,237,377 $34,753,042

(-) Costo de Ventas $24,689,711 $26,250,050 $27,447,084
(=) Utilidad Bruta 21.02% $6,571,991 $6,987,327 $7,305,958
(-) Gastos de Operación $2,639,780 $2,806,608 $2,934,593
(=) Utilidad de Operación 12.58% $3,932,211 $4,180,719 $4,371,365
(-) Otros Gastos $2,317,511 $2,463,973 $2,576,333
Utilidad Neta 5.17% $1,614,700 $1,716,746 $1,795,031

Balance General 2022 2023 2024

ACTIVO
Efectivo
Clientes 5.04 $6,204,141 $6,596,230 $6,897,026
Inventarios 6.61 $3,735,341 $3,971,407 $4,152,508
Activo Circulante 2.08 $15,680,638 $16,671,622 $17,431,868

Propiedad, planta y equipo $26,838,119 $28,534,232 $29,835,428

Total Activo 3.80% $42,518,757 $45,205,854 $47,267,296

PASIVO

Proveedores (CxP) 6.23 $3,961,376 $4,211,727 $4,403,787

Otros Pasivos $3,584,703 $3,811,249 $3,985,046
Pasivos a Corto Plazo $7,546,080 $8,022,976 $8,388,834

Pasivo a Largo Plazo 37.07% $15,761,434 $16,757,524 $17,521,688

Total Pasivo $23,307,514 $24,780,501 $25,910,522

CAPITAL CONTABLE
Capital Social No cambió $5,346,304 $5,346,304 $5,346,304
Utilidades Retenidas $13,864,939 $15,079,050 $16,010,471

Total Capital Contable 8.40% $19,211,243 $20,425,354 $21,356,775

Total Pasivo + Capital Contable $42,518,757 $45,205,854 $47,267,296

1) Crecimiento en ventas
3) Calcular costo de ventas (por diferencia)
2) Utilidad Bruta = Ventas* margen
5) Calcular gastos de operación por diferencia
4) Utilidad operación = ventas * margen
7) Calcular otros gastos
6)Utilidad Neta = Ventas * Margen de utilidad

13) Efevo = Act circ - clientes - inventario

1)CxC=Ventas/rotación
2)Inventarios = Cto ventas / Rot inventarios
12) Act circ = Pasivo CP * Indice liq

14) Activo Fijo = Total activo - act circulante

3)Total activo = Utilidad neta / ROA

4)Proveedores = Costo vtas / rotación CxP

11) Otros pas = Pas CP - CxP
10) Pasivo CP = Tot pas - pas LP

5)Pasivo LP = Act Tot * Razón deuda LP

9) Tot pasivo = Act total - total cap contable

7) No hay variación en el capital social

8) Ut Ret = Tot cap cont - cap social

6) Capital Contable = Ut neta / ROE