Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
BlackRock Inc
Banks, insurers, and other financials hold few plants and little inventory, so a physical-asset screen is a poor fit. The ratios below are still the latest annual figures. Capex is 0.33x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. That coverage ratio uses interest only, because short-term debt was not on the balance sheet.
Fixed-asset turnover is 7.74x. Compare it with other names in the same basket.
Physical asset ratio
1.8%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
7.74x
Revenue per dollar of the physical asset base.
Capex / D&A
0.33x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-MXN 11.02
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—
Price MXN 21.00K.
Fixed-charge coverage
14.63x
EBITDA minus capex, divided by interest only.
FCF yield
0.1%
Latest free cash flow divided by current market cap (MXN 3,220.13B).
ROIC
10.8%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 2.53x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 0.4% | 22.08x | 0.93x | MXN 6.74 | 30.32x | MXN 2.87B | 14.5% | 8.71x |
| 2019 | 0.8% | 10.51x | 0.63x | MXN 4.39 | 30.25x | MXN 2.63B | 13.1% | 4.07x |
| 2020 | 0.8% | 12.18x | 0.54x | MXN 16.52 | 33.62x | MXN 3.55B | 15.1% | 4.75x |
| 2021 | 1.6% | 8.13x | 2.32x | MXN 33.55 | 39.92x | MXN 4.60B | 15.9% | 3.14x |
| 2022 | 2.2% | 7.02x | 3.53x | MXN 34.34 | 28.87x | MXN 4.42B | 13.9% | 2.55x |
| 2023 | 2.1% | 7.05x | 0.83x | MXN 50.22 | 25.75x | MXN 3.79B | 13.1% | 2.50x |
| 2024 | 1.9% | 7.78x | 0.48x | MXN 17.19 | 16.93x | MXN 4.70B | 12.6% | 2.87x |
| 2025 | 1.8% | 7.74x | 0.33x | -MXN 11.02 | 14.63x | MXN 3.55B | 10.8% | 2.53x |
- Inventory was missing and treated as zero in the physical asset ratio.
- Receivables are larger than the physical asset base, so a finance or credit book may sit outside the physical ratio and inside the debt used for coverage.
- Fixed-charge coverage is EBITDA minus capex, divided by interest. Short-term debt was not reported, so principal due is left out.
Latest year inputs (2025)
Net PP&E: MXN 3.13B
Inventory: MXN 0.00
Total assets: MXN 170.00B
Goodwill: MXN 35.28B
Intangibles: MXN 27.97B
Liabilities: MXN 108.46B
Tangible book: -MXN 1.71B
Shares: 155,069,171
Revenue: MXN 24.22B
Capex: MXN 375.00M
D&A: MXN 1.13B
EBITDA: MXN 9.36B
Interest: MXN 614.00M
Short-term debt: —
Free cash flow: MXN 3.55B
Operating income: MXN 7.91B
Invested capital: MXN 57.19B
Tax rate: 22.0%