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    WALMEX *   MX01WA000038

WAL-MART DE MÉXICO, S.A.B. DE C.V.

(WALMEX *)
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Wal Mart de Mexico B de C : Walmart de Mexico says under investigation for antitrust behavior

11/23/2020 | 08:16pm EDT
Walmart signs are displayed inside a Walmart store in Mexico City

MEXICO CITY (Reuters) - Walmart's Mexico unit said on Monday it was notified by Mexico's federal competition authority that it is being investigated for possible antitrust behavior in the supply and distribution market of wholesale goods and retail of these goods and services.

Walmart de Mexico, or Walmex, said it has always acted in accordance with applicable law and that its participation in the Mexican market has resulted in lower prices for consumers, benefiting poor families especially.

The federal competition authority Cofece said it could not comment on Walmart's statement.

In a Nov. 4 study, Cofece said there was a need to facilitate the entry of more competitors to the retail market.

"High market concentration favors the purchasing power of large self-service chains compared to their smaller suppliers, which could distort competition in supplier markets," the Cofece study said.

In the study, Cofece identified Walmart and Soriana, and to a lesser degree Chedraui, as the main players with a national presence.

(Reporting by Adriana Barrera; Additional reporting by Daina Beth Solomon; Writing by Anthony Esposito; Editing by Frank Jack Daniel)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
WAL-MART DE MÉXICO, S.A.B. DE C.V. 1.38% 72.53 End-of-day quote.29.56%
WALMART INC. -0.21% 144.73 Delayed Quote.0.40%
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Financials
Sales 2021 731 B 36 524 M 36 524 M
Net income 2021 43 519 M 2 174 M 2 174 M
Net Debt 2021 17 835 M 891 M 891 M
P/E ratio 2021 28,9x
Yield 2021 2,25%
Capitalization 1 266 B 63 339 M 63 277 M
EV / Sales 2021 1,76x
EV / Sales 2022 1,63x
Nbr of Employees 228 499
Free-Float 29,5%
Chart WAL-MART DE MÉXICO, S.A.B. DE C.V.
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Wal-Mart de México, S.A.B. de C.V. Technical Analysis Chart | WALMEX * | MX01WA000038 | MarketScreener
Technical analysis trends WAL-MART DE MÉXICO, S.A.B. DE C.V.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 72,53 MXN
Average target price 69,86 MXN
Spread / Average Target -3,69%
EPS Revisions
Managers and Directors
Guilherme Loureiro President, Chief Executive Officer & Director
Paulo Garcia Chief Financial Officer
Enrique Ostalé Cambiaso Executive Chairman
Beatriz Nunez Head-Growth & Information Technology
Alonso Yanez Chief Information Officer
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