VISTVista Energy, S.A.B. de C.V.
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (1.9×).
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Margin-driven, fat margins on slower asset turns. ROE 29% = margin × turnover × leverage.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is VIST?
Vista Energy, S.A.B. de C.V. earns 21% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 12 points above what the capital costs: growth creates value
- Operating margin
- 38%
Operating margin · Oil & Gas E&P median 25% · fiscal year to FY2024
- Cash conversion
- 1.90×
Cash conversion · 1.55× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +3.9%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2019 | 3.5% |
| FY2020 | −26% |
| FY2021 | 32% |
| FY2022 | 45% |
| FY2023 | 54% |
| FY2024 | 38% |
Details›
- Gross marginfiscal year to FY2024
- 50%
- Operating marginfiscal year to FY2024
- 38%
- Net marginfiscal year to FY2024
- 29%
- Free cash flow margin
- −5.7%
- Revenue, trailing twelve months
- $1.65B
- Free cash flow, trailing twelve months
- −$94M
- Net income, trailing twelve months
- $478M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 21%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.