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Sigma Foods, S.A.B. de C.V. (SIGMAFA) Fair Value & Analysis

Consumer Defensive · MX · Market cap 92.3B MXN (≈ $5.5B) · ISIN MXP000511016

What is Sigma Foods, S.A.B. de C.V. really worth?

SF Sigma Foods, S.A.B. de C.V. SIGMAFA · MX
Price18.64 MXN
Fair Value22.37 MXN
Upside+20.0%
Quality59/100

A solid business, trading 17% below our fair value of 22.37 MXN.

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Strengths

Ranks above peers (9/15)

Risks

!Mixed Growth (revenue 3y +5.5 %/yr)
!Thin margins · 3.5% net margin
!High debt · generates free cash flow
!Moderate moat 54/100

For context

·2.61% dividend yield
Evidence: High Range 12.94 MXN – 37.33 MXN

Fair value as of: Aug 23, 2026

From 26 valuation models · updated 13 days ago

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The model range is unusually wide (12.94 MXN to 37.33 MXN). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

19.09 MXN 7.52 MXN Fair Value 22.37 MXN May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range 7.52 MXN – 19.09 MXN · fair‑value band 12.94 MXN – 37.33 MXN · the 18.64 MXN price screens below the 22.37 MXN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 23, 2026.

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Analysis

Sigma Foods, S.A.B. de C.V. (SIGMAFA) currently trades at 18.64 MXN, while our model-based Fair Value estimate is 22.37 MXN, implying the stock looks roughly 16.7% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Consumer Defensive sector. Bull case: the Growth Earnings group reads highest at a median of 28.72 MXN per share, and 13 of the 26 models we run sit above the 18.64 MXN price. Bear case: the Growth DCF group reads lowest at 4.58 MXN, and 13 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Sigma Foods, S.A.B. de C.V. generated revenue of 177B MXN at a net margin of 3.5%. Revenue declined 2.5% year over year. It earns a return on equity of 42.6%. Net debt stands at 44.1B MXN. Fundamentals as of Aug 23, 2026

Our scenario range runs from 12.94 MXN (bear case) to 37.33 MXN (bull case); at 18.64 MXN, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 3% below its 52-week high and 46% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −27% fair-value upside, at 20%, SIGMAFA screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 0.6414 MXN per share, which is 2.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EPV best evidence 10.17 MXN 13.14 MXN 15.74 MXN 71
5Y EBITDA Exit 13.45 MXN 29.84 MXN 49.21 MXN 69
Owner Earnings 3.77 MXN 10.24 MXN 20.14 MXN 68
All 26 models by family
DCF Models
FCF DCF 0.4100 MXN 4.98 MXN 11.98 MXN 67
Owner Earnings 3.77 MXN 10.24 MXN 20.14 MXN 68
5Y Revenue Exit 8.58 MXN 20.70 MXN 36.45 MXN 66
5Y EBITDA Exit 13.45 MXN 29.84 MXN 49.21 MXN 69
5Y P/E Exit 9.20 MXN 21.87 MXN 35.28 MXN 65
10Y Revenue Exit 4.89 MXN 15.28 MXN 29.66 MXN 59
10Y EBITDA Exit 8.66 MXN 21.64 MXN 39.43 MXN 62
10Y P/E Exit 5.94 MXN 16.09 MXN 28.77 MXN 58
Earnings-Based
Graham-Dodd 10.44 MXN 33.00 MXN 43.96 MXN 62
Lynch FV 7.24 MXN 10.35 MXN 13.45 MXN 58
PEG = 1.0 7.24 MXN 10.35 MXN 13.45 MXN 55
EPV best evidence 10.17 MXN 13.14 MXN 15.74 MXN 71
Dividend Discount
Gordon GGM 3.87 MXN 8.04 MXN 12.76 MXN 63
DDM Multi-Stage 3.87 MXN 6.44 MXN 8.44 MXN 64
Multiples
P/E Multiple 24.18 MXN 32.24 MXN 40.31 MXN 63
P/S Multiple 19.58 MXN 26.10 MXN 32.63 MXN 58
P/B Multiple 11.18 MXN 14.90 MXN 18.63 MXN 55
EV/EBIT 22.56 MXN 32.63 MXN 42.71 MXN 65
EV/EBITDA 23.82 MXN 34.32 MXN 44.81 MXN 67
EV/Revenue 13.90 MXN 23.15 MXN 32.40 MXN 52
Asset-Based
NCAV (Graham) 1.35 MXN 1.82 MXN 2.71 MXN 54
Growth DCF
Growth DCF 0.5500 MXN 4.58 MXN 10.37 MXN 66
Rev-Margin DCF 8.58 MXN 20.45 MXN 34.05 MXN 67
Economic Profit
Residual Income 14.39 MXN 25.11 MXN 591.38 MXN 61
ROIC Compounder 11.45 MXN 16.65 MXN 22.82 MXN 68
Growth Earnings
Growth-Adj P/E 20.10 MXN 28.72 MXN 37.33 MXN 65

Widest divergence: Growth Earnings (28.72 MXN) versus Asset-Based (1.82 MXN). Highest evidence: EPV (71).

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Key figures & financial health

P/E ratio 13.0
P/S ratio 0.63 P/E × margin
EPS (TTM) 1.43 MXN price ÷ EPS = P/E 13.0
Dividend yield 2.6% payout 34.0%
Net margin 4.8% FY2025
Return on equity 42.6% TTM
More key figures
Profitability
Return on assets (EBIT) 6.1% avg 4y
Operating margin 8.2% TTM
Growth
Revenue (TTM) 177B MXN TTM
Revenue growth (YoY) −2.5% 3y avg +5.5%
EPS growth (YoY) −66.7%
Balance sheet & cash flow
Free cash flow 3.9B MXN FY2025
Net debt 44.1B MXN FY2025 · ≈ 11.2 yrs of FCF

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 54 · Market factors (momentum, volatility) 74

Profitability 72
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 29
Earnings quality: real cash, not paper profit
Fin. Strength 25
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 84
Distance to the 52-week high (market factor)
Net Issuance 60
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Sigma Foods, S.A.B. de C.V., a consumer-packaged goods company, produces, markets, and distributes food products in Mexico, the United States, Central and South America, Europe, and internationally. It operates through Sigma and Other segments.

Full company description

Sigma Foods, S.A.B. de C.V., a consumer-packaged goods company, produces, markets, and distributes food products in Mexico, the United States, Central and South America, Europe, and internationally. It operates through Sigma and Other segments. The company offers cooked meats comprising hams, sausages, mortadella, and bacon; fresh meat; dry meat consisting of cured meats and salami; dairy products, such as cheese, yogurt, cream, and butter; refrigerated pizzas, prepared meals and food, snacks, plant-based protein products, ready-to-drink coffee, fish, burgers, dry goods, and canned products; other frozen and refrigerated food; and alternative proteins. It sells its products under the Aoste, Bar S, Bernina, Better Balance, Braedt, Camelia, Campofrio, Caroli, Cesar Moroni, Checo, Chen, Chimex, Cochonou, Comnor, Del Prado, Don Diego, El Cazo, Fiorucci, Franja, Fud, Galicia, Grill House by Sigma, Iassa, Ibero, Juris, Justin Bridou, La Chona, La Villita, Laska, Lekkerland, Longmont, Los Altos, Marcassou, Monteverde, Mucho Gusto, Navidul, Nayar, Nobre, Noche Buena, Norteñita, Oscar Mayer, Otto Kunz, Revilla, San Antonio, San Rafael, Sigma Foodservice, Snack'In For You, Sosua, Stegeman, Superior, Supremo, Tangamanga, Tastech by Sigma, Vitta, Viva, Yoplait, Zar, and Zurqui brands. The company was formerly known as Alfa S.A.B. de C.V. and changed its name to Sigma Foods, S.A.B. de C.V. in December 2025. Sigma Foods, S.A.B. de C.V. was incorporated in 1967 and is headquartered in San Pedro Garza García, Mexico.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Sigma Foods, S.A.B. de C.V. reported revenue of 178B MXN in FY2025 versus 152B MXN in FY2022, a compound +5.5%/yr. Reported net income was 8.5B MXN in FY2025, compounding −10.0%/yr from FY2022.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
178B MXN
Latest YoY
+9.0%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.5%
Value creation/yr (3Y, in MXN) Earnings growth per share (CAGR 3 years) plus dividend yield: value created per share and year. Measured in MXN: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−11.0% (−13.6 + 2.6)
Revenue +5.5%/yr
FY22 152B MXN
FY23 153B MXN
FY24 163B MXN
FY25 178B MXN
Net income −10.0%/yr
FY22 11.7B MXN
FY23 −12.3B MXN
FY24 −212M MXN
FY25 8.5B MXN

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Cite: Fair Value Calculator (2026). "Sigma Foods, S.A.B. de C.V. Fair Value". https://www.fairvalue-calculator.com/stock/SIGMAFA

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Packaged Foods · 648 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 59 · Above median
Fair Value upside +20% · Above median
Return on equity (TTM) 43% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 8% · Above median
Revenue growth −3% · Bottom 25%
Dividend yield (TTM) 2.6% · Below median
Debt / equity 3.60× · Higher than 75% of peers

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 13.0× · Cheaper than median
P/B 6.13× · Pricier than 75% of peers
P/S (TTM) 0.52× · Cheaper than median
P/FCF 1.4× · Cheaper than median
EV/EBITDA 8.0× · Pricier than median
PEG 0.69× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE60 · sector 25
FUTURE0 · sector 21
PAST100 · sector 28
HEALTH0 · sector 96
DIVIDEND52 · sector 53

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).

Stock Price Fair Value vs Fair Value
Nestlé S.A NESN CHF 78.62 CHF 57.26 −27%
Danone S.A BN €64.28 €48.41 −25%
Nestlé India Limited NESTLEIND ₹1,478 ₹251.94 −83%
The Kraft Heinz Company KHC $25.13 $24.59 −2%
Foshan Haitian Flavouring and Food Company 603288 ¥35.05 ¥21.93 −37%
Inner Mongolia Yili Industrial Group 600887 ¥25.51 ¥32.50 +27%
Yihai Kerry Arawana Holdings 300999 ¥25.28 ¥9.89 −61%
General Mills, Inc GIS $40.44 $28.32 −30%
Wilmar International Limited F34 3.64 SGD 3.89 SGD +7%
Britannia Industries Limited BRITANNIA ₹5,511 ₹1,765 −68%

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Frequently asked questions

Is Sigma Foods, S.A.B. de C.V. (SIGMAFA) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of 22.37 MXN versus a price of 18.64 MXN, about +20% upside (undervalued).
What is the fair value of SIGMAFA?
Our model-based fair value for Sigma Foods, S.A.B. de C.V. is 22.37 MXN (as of Aug 23, 2026), built from audited fundamentals. The current price: 18.64 MXN.
What is the quality score of SIGMAFA?
Sigma Foods, S.A.B. de C.V. has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Sigma Foods, S.A.B. de C.V. (SIGMAFA)?
Sigma Foods, S.A.B. de C.V. reported trailing-twelve-month revenue of about 177B MXN (latest available figure, as of Aug 23, 2026).
What is the net profit margin of SIGMAFA?
The net profit margin of Sigma Foods, S.A.B. de C.V. is about 3.5%, meaning it keeps roughly 3.5% of revenue as net income. Based on the latest reported figures.
Does Sigma Foods, S.A.B. de C.V. pay a dividend?
Sigma Foods, S.A.B. de C.V. currently shows a dividend yield of about 2.61% relative to its recent price (as of Aug 23, 2026).
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