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Promotora y Operadora de Infraestructura S.A. Sponsored ADR

PUODY
71
Industrial - Infrastructure Operations · Industrials
Price
$301.19
-1.31 (-0.43%)
Market Cap
$4.90B
Exchange
Other OTC
Winston Score
71
Winston is happy
A high-quality business with solid fundamentals.
Data as of Sep 20, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Strong
Growth
Strong
Cash Flow
Exceptional
Stability
Strong
Valuation
Good
Dividends
Mixed
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Share count falling — buybacks

−12.7% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 21.5M (2021) → 18.7M (2025)

§Winston Score History

The full picture

Promotora y Operadora de Infraestructura, known as PINFRA, builds and operates toll roads, bridges, and other infrastructure in Mexico. Its network includes dozens of concession-based highways, primarily in central and southern Mexico, connecting major cities and economic zones. The company is one of Mexico's largest private toll road operators.

PINFRA makes money by collecting tolls from drivers and freight trucks that use its roads, generating steady recurring revenue tied to traffic volumes. It also earns income from construction services and smaller infrastructure projects. The concession model provides a strong moat, since toll road rights are granted for long periods and face limited direct competition on established routes. Growth depends on rising traffic from Mexico's economic expansion and nearshoring trends, but risks include government regulatory changes to concession terms and sensitivity to fuel prices and broader economic slowdowns.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+23.8% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-19.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

0 MXN/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

34.5%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

39.5B MXN cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Promotora y Operadora de Infraestructura S.A. Sponsored ADR is a rare growth stock that's already generating positive cash flow while growing at 24%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
52.4%
Healthy — 52.4% gross margin
Profit after running costs
Operating Margin
49.8%
Excellent — 49.8% operating margin
Return on the money invested
ROCE
13.8%
Good — 13.8% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+15.5%
Fast-growing sales (+15.5% YoY)
Profit growth
EPS YoY
+55.7%
Earnings growing fast (+55.7% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
115%
Turns 115% of profit into real cash
Spare cash per sale
FCF Margin
21.9%
Converts sales into free cash efficiently (21.9%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns
Debt / Equity
0.15
Conservative — low debt load (0.15)
Covers its interest
Interest Cover
4.24x
Adequate interest coverage (4.2x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
6.5x
Attractive valuation — P/E 6.5

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
-4.4
SLOWING
Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend
Dividend Yield
3.54%
Moderate income — 3.54% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
-28.5%
Dividend cut (-28.5% YoY) — warning sign

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