Constellation Brands to build $1.3B brewery in southeastern Mexico

  • Constellation Brands (STZ) has reached an agreement with the Mexican government to build a $1.3B brewery in southeastern Mexico, according to a WSJ report.
  • The new plans come after the Mexican government forced Constellation to close a nearly completed brewery in the border city of Mexicali. City residents voted against the project due to water overuse concerns in early 2020. The company recognized a loss of $700M due to the closure.
  • The exact location of the new brewery isn't yet known, but sources say that the Corona and Modelo-maker is considering a spot near the port of Coatzacoalcos, which would allow the company to easily export its beers to the U.S by sea. However, a location in the underdeveloped Southeast far from the U.S. means Constellation will likely face higher costs.

    For this year the company from Victor could earn a total revenue around 8.7 billion USD. This is according to the average of the analysts' estimates. This is slightly more than 2021's revenue of 8.61 billion USD.

    Historical revenues and results Constellation Brands plus estimates 2021

    aandelenanalyses

    The analysts expect for 2021 a net profit of 1.91 billion USD. The majority of the analysts expects for this year a profit per share of 9.93 USD. So the price/earnings-ratio equals 23.85.

    Per share the analysts expect a dividend of 2.94 USD per share. The dividend yield is then 1.24 percent. The average dividend yield of the brewers is a limited 1.45 percent.

    Based on the current number of shares Constellation Brands 's market capitalization equals 39.74 billion USD. 13

    At 21.22 the stock trades 0.41 percent higher at 236.81 USD.

    Price data Constellation Brands 2007-2021

    stock constellationbrands

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