3 models fit El Puerto de Liverpool and they disagree: 1 of 3 land within 15% of the average. The price is below every model.
Two or more of our models back this value.
Large discount(i)Silver78
Valued as a cyclical company: P/E comparison, EV/EBITDA comparison, Discounted cash flow, and Graham number.
ACCE opinionEl Puerto de Liverpool (LIVEPOLC-1.MX)
Fair value (3 models)
MXN 196
ACCE price target
MXN 119
Rating
Undervalued
Horizon
12 months
Fair value published on 24 Oct 2026, 17:04 CEST; previously MXN 200 since 18 Oct 2026, 00:00 CEST.
ACCE price target published on 17 Oct 2026, 00:00 CEST.
Rating published on 24 Oct 2026, 17:04 CEST.
Price used: MXN 103 at the close on 23 Oct 2026, 23:00 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
47.5% below
+90.6% to fair value
ACCE score
67
out of 100
P/E
7.4x
forward 6.4x
1-year return
+19.3%
Dividend yield
2.89%
El Puerto de Liverpool in four questions
Plain answers, details below
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Overview
ACCE thesis
El Puerto de Liverpool runs a Mexican department store chain and a large real estate portfolio of shopping malls, which gives it a rare combination of retail operations and recurring rental income under one roof. At a trailing P/E of 7.5 and a forward P/E of 6.1 on a 138.8B MXN market cap, the stock trades well below what most consumer and retail names command, and the implied earnings growth in the forward multiple is worth testing. The data we have does not include revenue growth, ROE or margins, so the first task is to pull those and confirm the earnings base behind the multiple before anything else. The discount may reflect Mexican market risk, peso exposure, or a weak consumer backdrop, and each of those needs checking against the company's own disclosures. The name is not in any index in our dataset, which may keep it under-owned by institutions and is worth a deeper look.