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MEX Tortilla Mexican Grill Plc

50.00
0.00 (0.00%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tortilla Mexican Grill Plc LSE:MEX London Ordinary Share GB00BNYDGZ21 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 50.00 28,856 16:35:09
Bid Price Offer Price High Price Low Price Open Price
50.00 54.00 52.00 51.75 52.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Eating Places 65.68M -1.09M -0.0283 -18.37 19.33M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:09 O 100,000 53.75 GBX

Tortilla Mexican Grill (MEX) Latest News

Tortilla Mexican Grill (MEX) Discussions and Chat

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Date Time Title Posts
10/12/202411:21Tortilla Mexican Grill85

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Tortilla Mexican Grill (MEX) Top Chat Posts

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Posted at 15/12/2024 08:20 by Tortilla Mexican Grill Daily Update
Tortilla Mexican Grill Plc is listed in the Eating Places sector of the London Stock Exchange with ticker MEX. The last closing price for Tortilla Mexican Grill was 50p.
Tortilla Mexican Grill currently has 38,664,031 shares in issue. The market capitalisation of Tortilla Mexican Grill is £20,105,296.
Tortilla Mexican Grill has a price to earnings ratio (PE ratio) of -18.37.
This morning MEX shares opened at 52p
Posted at 10/12/2024 10:07 by martinmc123
3*
Tortilla Mexican Grill PLC, the largest and most successful fast-casual Mexican restaurant group in the UK and Europe, issued a positive Trading Update for the financial year ending 29 December 2024 to date this morning. The revenue for the UK business is forecast to exceed previous guidance with a range of £64.0-£64.3m now expected. This follows the continuation of the strong sales recovery for the UK business which has further accelerated following...

...from WealthOracle

wealthoracle.co.uk/detailed-result-full/MEX/1076
Posted at 26/9/2024 18:48 by waldron
Written by:
Philip Whiterow
PROACTIVE

Tortilla Mexican Grill PLC
(
AIM:MEX
)
Tortilla Mexican turnaround plan working says management

Published: 08:20 25 Sep 2024 BST


Tortilla Mexican Grill PLC (AIM:MEX) said it was seeing ‘positive momentum’ after overhauling its strategy even though revenues fell in the first six months of 2024 and it posted another loss albeit reduced.

Since the half year, the Tex-Mex chain said like-for-like (LFL) sales had improved from minus 6% year-on-year (in March) to growth of 4% in September.

Andy Naylor, chief executive, said: “The UK business had lost momentum at the start of the year, and we had to make some big decisions to overhaul the trend.”

This has involved an overhaul of the food offering, more store openings especially with franchisees and overseas with total outlets now 89, changes to its delivery partners and more investment in technology.

Revenues in the six months to the end of June dropped to £31.5 million (H1 2023: £32.7m) with interim losses of £0.2 million (£0.6 million).

Most of the sales dip was due to a delivery revenue decline of 10.3% LFL due to the changes, though delivery profitability rose by £0.5 million.

Tortilla added that trading is on track to meet forecasts this week while a central kitchen is due to open in France in the fourth quarter when the first three sites (in Strasbourg) should also be up and running.
Posted at 25/7/2024 04:19 by waldron
THE WORLD ACCORDING TO MARKETSCREENER



Analysts' Consensus

Mean consensus
BUY

Number of Analysts
3

Last Close Price
0.5450GBP

Average target price
0.9250GBP


High Price Target
0.9500GBP


Low Price Target
0.9000GBP
Posted at 25/6/2024 11:07 by 74tom
Yeah, you can up those numbers massively and it would still be earnings enhancing for them

MEX only have 38.5m shares, if GYG bid 2x last years sales that would equate to £130m / £3.37. Feels like a stretch but then again this IPO'd at £1.81 and hasn't done much wrong
Posted at 25/6/2024 10:35 by indalo
Very interesting. They have a broad AsiaPacofoc presence and a small US business with nothing in Europe. Have these guys made any serious acquisitions to date or is it all organic growth? MEX could be a very good target for them at an earnings enhancing price even at 100-150p
Posted at 25/6/2024 10:00 by 74tom
Interesting RNS & general setup here.

An Australian peer IPO'd last week;



FY23 revenues were around 5x MEX, with EBITDA around 4x

At the A$22 IPO price GYG was valued at A$2.2b / £1.15b. It then popped another 30% and currently trades at $29, so now sports a £1.5b valuation, or 4x FY23 sales (or 100x EBITDA...)

GYG looks substantially overvalued, however it also makes MEX look incredibly cheap. On similar metrics, MEX would have a market cap of £320m (4x sales). It IPO'd at a £70m cap on around 1.5x FY21 revenue. Today it's at 0.25x. I won't bother with EBITDA comps as they are silly.

Todays RNS suggests MEX are going to turn up the heat on growth, from the current valuation it could get tasty ;)
Posted at 25/4/2024 01:40 by benny shares
Very good results.Over the pond, Chipotle has amassed a market cap of over $ 80 billion with a growth rate exceeding expectations, all of this in a very little amount of time.MEX has a guiding light
Posted at 05/3/2024 15:06 by benny shares
Well done, you've made a healthy profit.Take some advice, and I'm not being patriotic. Don't look at the share price again
Posted at 27/2/2024 19:27 by benny shares
Posted on the LSE forum, massive respect to jon1234Luke Johnson just bought 1.4m shares (3.6% of the company). He took control of Pizza Express in the 90's and grew the share price 20x before selling the business. He's been involved with The Ivy, Strada, Giraffe, Gail's and more. The guy has a proven track record of successfully buying and selling restaurant businesses for decades. With the recent CEO departure, there has to be takeover noises in the city. By far the largest mexican casual dining chain in the UK and valued at sub $20m. Peanuts compared to Chipotle Mexican Grill stock in the US at $70bn valuation.
Posted at 27/2/2024 13:40 by darrin1471
Dr. I took my daughter into Birmingham around October to look at the retailers and to try MEX in Grand Central. It's a prime location but no better than McDonalds visually. I thought the prices were high for Birmingham but I am a bit of a tight git.
The menu was as expected and the portions decent. To big for a light lunch so we ended up eating at Comptoir Libanais (Lebanese) which was opposite and also a listed restaurant (Comptoir Group PLC).
I have been watching MEX for a year as others on ADVFN thought the branches in the SE were always busy. Restaurants are having a tough time with higher costs. At some point the tide will turn and big brands will be looking for new formulas like MEX and COM to fill the empty high street locations.
Tortilla Mexican Grill share price data is direct from the London Stock Exchange

Tortilla Mexican Grill Frequently Asked Questions (FAQ)

What is the current Tortilla Mexican Grill share price?
The current share price of Tortilla Mexican Grill is 50p.
How many Tortilla Mexican Grill shares are in issue?
Tortilla Mexican Grill has 38,664,031 shares in issue.
What is the market cap of Tortilla Mexican Grill?
The market capitalisation of Tortilla Mexican Grill is GBP 19.33 M.
What is the 1 year trading range for Tortilla Mexican Grill share price?
Tortilla Mexican Grill has traded in the range of 38.00p to 64.50p during the past year.
What is the PE ratio of Tortilla Mexican Grill?
The price to earnings ratio of Tortilla Mexican Grill is -18.37.
What is the cash to sales ratio of Tortilla Mexican Grill?
The cash to sales ratio of Tortilla Mexican Grill is 0.31.
What is the reporting currency for Tortilla Mexican Grill?
Tortilla Mexican Grill reports financial results in GBP.
What is the latest annual turnover for Tortilla Mexican Grill?
The latest annual turnover of Tortilla Mexican Grill is GBP 65.68M.
What is the latest annual profit for Tortilla Mexican Grill?
The latest annual profit of Tortilla Mexican Grill is GBP -1.09M.
What is the registered address of Tortilla Mexican Grill?
The registered address for Tortilla Mexican Grill is 1ST FLOOR EVELYN HOUSE, 142-144 NEW CAVENDISH STREET, LONDON, W1W 6YF.
What is the Tortilla Mexican Grill website address?
The website address for Tortilla Mexican Grill is www.tortillagroup.co.uk.
Which industry sector does Tortilla Mexican Grill operate in?
Tortilla Mexican Grill operates in the EATING PLACES sector.

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