Home Credit Ratings and Research S&P Global Ratings’ Credit Research Alpek S.A.B. de C.V.

Alpek S.A.B. de C.V.

Published May 08, 2023

14 pages (5824 words) — Published May 08, 2023

Price US$ 500.00 | Buy this Report Now

About This Report

Abstract:

Overview Key strengths Key risks Strong 2022 revenue and EBITDA growth (37% and 45%, respectively) for second consecutive year despite complex business conditions amid pandemic recovery and inflation Exposure to volatile paraxylene prices (main raw material for PTA-PET production), which could dent EBITDA generation Solid business model through a diversified product portfolio, with resilient demand in main end-industries of basic consumption nature Exposure to the cyclical petrochemical industry Broadly vertical integration supports stable cost structure, reflecting consistent profitabilitySolid and leading market position in America for all products in the polyester (PTA-PET, fibers, and recycled PET production) and plastic and chemicals (expandable polystyrene EPS production) business unitsDisciplined operating and financial performance amid persistent inflation and macroeconomic headwinds and after recent Octal

Brief Excerpt:

...Overview Key strengths Key risks Strong 2022 revenue and EBITDA growth (37% and 45%, respectively) for second consecutive year despite complex business conditions amid pandemic recovery and inflation Exposure to volatile paraxylene prices (main raw material for PTA-PET production), which could dent EBITDA generation Solid business model through a diversified product portfolio, with resilient demand in main end-industries of basic consumption nature Exposure to the cyclical petrochemical industry Broadly vertical integration supports stable cost structure, reflecting consistent profitability Still-high revenue generation concentration from the Americas, though share from...

Report Type:

Full Report

Ticker

ALPEHA@MM

Issuer

Alpek S.A.B. de C.V.

GICS

Commodity Chemicals (15101010)

Sector

Global Issuers

Country

Mexico

Region

Latin America

Format:

PDF

Tear Sheet: Alpek S.A.B. de C.V. – 2023/09/01 – US$ 500.00

Bulletin: Alpek Has Cash To Cover Dividend Payment To Parent With No Impact On Expected Credit Metrics – 2024/09/10 – Free

Tear Sheet: Alpek S.A.B. de C.V. – 2025/04/28 – US$ 500.00

Research Update: Alpek S.A.B. de C.V. Outlook Revised To Negative On Risk Of Sustained Weaker Business Position; 'BBB-' Ratings Affirmed – 2025/11/20 – US$ 225.00

Research Update: Alpek Downgraded To 'BB+' From 'BBB-' On Sustained Business And Profitability Challenges; Outlook Negative – 2026/02/19 – US$ 225.00

Bulletin: Alpek S.A.B. de C.V.'s Acquisition Of Octal Holding Follows Its Strategy To Boost Product And Geographic Diversification – 2022/02/01 – Free

Alpek, S.A.B. de C.V. – 2022/01/13 – US$ 500.00

Research Update: Alpek Upgraded To Investment Grade On Stronger Business Profile And Solid Financial Performance; Outlook Stable – 2021/12/15 – US$ 225.00

Research Update: Alpek Outlook Revised To Positive From Stable, On Stronger Credit Metrics, 'BB+' Ratings Affirmed – 2021/04/22 – US$ 225.00

Alpek S.A.B. de C.V.'s Proposed Senior Unsecured Notes For Up To $600 Million Rated 'BB+' – 2021/02/16 – US$ 150.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Alpek S.A.B. de C.V." May 08, 2023. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Alpek-S-A-B-de-C-V-2983626>

APA:	S&P Global Ratings’ Credit Research. (). Alpek S.A.B. de C.V. May 08, 2023. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Alpek-S-A-B-de-C-V-2983626>

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