Operating Margin

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Price: 49.86 MXN 141.69%

Market Cap: 142B MXN

85.5%

Improving

by 18.4%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

85.5%

Operating Income

Mex$39.6B

Revenue

Mex$46.4B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

85.5%

Operating Income

Mex$39.6B

Revenue

Mex$46.4B

Peer Comparison

Country		Company	Market Cap	Operating Margin
MX		Aleatica SAB de CV BMV:ALEATIC	142B MXN	Loading...
AU		Transurban Group ASX:TCL	42.9B AUD	Loading...
IT	A	Atlantia SpA F:AU9	18.7B EUR	Loading...
FR		Getlink SE PAR:GET	8.8B EUR	Loading...
CN		China Merchants Expressway Network Technology Holdings Co Ltd SZSE:001965	64.7B CNY	Loading...
CN		Jiangsu Expressway Co Ltd SSE:600377	59.2B CNY	Loading...
CN		Shandong Hi-speed Co Ltd SSE:600350	48B CNY	Loading...
MX		Promotora y Operadora de Infraestructura SAB de CV BMV:PINFRA	114.2B MXN	Loading...
CN	Z	Zhejiang Expressway Co Ltd HKEX:576	40.8B HKD	Loading...
BR		CCR SA BOVESPA:CCRO3	27.3B BRL	Loading...
TW		Taiwan High Speed Rail Corp TWSE:2633	152B TWD	Loading...

Market Distribution

Min	-411.5%
30th Percentile	5.1%
Median	11.3%
70th Percentile	21.5%
Max	838%

Other Profitability Ratios

Aleatica SAB de CV
Glance View

Market Cap

142B MXN

Industry

Transportation Infrastructure

Aleatica SAB de CV stands as a significant player in the infrastructure sector, particularly focusing on the development and management of toll roads and highways primarily in Mexico. Originally part of the OHL Group, a Spanish conglomerate, Aleatica transitioned into an independent entity, concentrating on providing solutions for the efficient movement of people and goods. The company leverages its expertise in concession contracts, which are long-term agreements with governments that allow Aleatica to build and operate infrastructure projects, in exchange for the rights to collect tolls. This model turns infrastructure development into a steady revenue stream as motorists pay to use these roads, creating a symbiotic relationship between public infrastructure needs and private investment returns. Beyond building roads, Aleatica's operational model encompasses comprehensive management of these assets, ensuring they remain in optimal condition through continuous upgrades and maintenance. By integrating cutting-edge technology, such as electronic toll collection and automated traffic management systems, Aleatica enhances the user experience and maximizes toll collection efficiency. This forward-thinking approach not only gives the company a competitive edge in managing high-traffic corridors but also reinforces its revenue model. Revenue stability is further supported by their strategic locations in densely populated areas, where demand for efficient transit solutions remains robust. Thus, Aleatica effectively bridges the gap between public infrastructure needs and private sector efficiency, ensuring a sustainable and profitable business model.

View ALEATIC Analysis

ALEATIC Intrinsic Value

Undervaluation 40%

Intrinsic Value

Price

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Aleatica SAB de CV
BMV:ALEATIC

Peer Comparison

Market Distribution

Other Profitability Ratios

Aleatica SAB de CV
Glance View

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Aleatica SAB de CV BMV:ALEATIC