Stock GFNORTE O GRUPO FINANCIERO BANORTE, S.A.B. DE C.V.
Add to a list
To use this feature you must be a member
Log inSign up

Financials Grupo Financiero Banorte, S.A.B. de C.V.

Equities

GFNORTE O

MXP370711014

Banks

End-of-day quote Mexican S.E.
Other stock markets
 06:00:00 2024-04-25 pm EDT 		5-day change 1st Jan Change
173.2 MXN -1.08% Intraday chart for Grupo Financiero Banorte, S.A.B. de C.V. -0.09% +1.43%
Apr. 17 Transcript : Grupo Financiero Banorte, S.A.B. de C.V., Q1 2024 Earnings Call, Apr 17, 2024
Apr. 16 Grupo Financiero Banorte, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2024 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 304,637 316,978 383,557 399,784 492,379 496,463 - -
Enterprise Value (EV) 1 304,637 316,978 383,557 399,784 492,379 496,463 496,463 496,463
P/E ratio 8.34 x 9.47 x 10.9 x 8.88 x 9.49 x 8.62 x 7.86 x 7.68 x
Yield 5.24% 2.88% 4.37% 8.5% 7.66% 7.49% 7.69% 7.33%
Capitalization / Revenue 2.93 x 3.05 x 3.79 x 2.22 x 3.39 x 3.26 x 3.01 x 2.84 x
EV / Revenue 2.93 x 3.05 x 3.79 x 2.22 x 3.39 x 3.26 x 3.01 x 2.84 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.57 x 1.43 x 1.64 x 1.71 x 1.97 x 1.83 x 1.71 x 1.63 x
Nbr of stocks (in thousands) 2,883,457 2,883,457 2,883,457 2,857,439 2,883,457 2,866,416 - -
Reference price 2 105.6 109.9 133.0 139.9 170.8 173.2 173.2 173.2
Announcement Date 1/23/20 1/21/21 1/20/22 1/19/23 1/17/24 - - -
1MXN in Million2MXN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 104,141 103,888 101,113 179,967 145,072 152,129 164,720 174,664
EBITDA - - - - - - - -
EBIT 1 48,116 38,944 43,822 61,022 69,561 78,825 86,189 94,231
Operating Margin 46.2% 37.49% 43.34% 33.91% 47.95% 51.81% 52.32% 53.95%
Earnings before Tax (EBT) 1 49,832 40,947 46,095 61,989 70,974 78,983 86,051 89,537
Net income 1 36,528 30,508 35,048 45,408 52,418 58,056 63,485 66,290
Net margin 35.08% 29.37% 34.66% 25.23% 36.13% 38.16% 38.54% 37.95%
EPS 2 12.67 11.61 12.16 15.75 18.00 20.09 22.05 22.55
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 5.540 3.167 5.810 11.89 13.08 12.97 13.32 12.70
Announcement Date 1/23/20 1/21/21 1/20/22 1/19/23 1/17/24 - - -
1MXN in Million2MXN
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 26,608 28,409 28,464 29,907 99,922 32,331 32,710 37,284 39,101 37,038 36,886 37,915 39,599 39,803 40,451
EBITDA - - - - - - - - - - - - - - -
EBIT 1 10,701 17,686 17,697 18,804 15,083 17,412 17,744 17,723 16,682 19,579 20,809 20,509 18,810 22,157 -
Operating Margin 40.22% 62.25% 62.17% 62.87% 15.1% 53.86% 54.25% 47.54% 42.67% 52.86% 56.41% 54.09% 47.5% 55.67% -
Earnings before Tax (EBT) 1 11,338 15,018 15,392 15,890 15,492 17,745 18,102 17,982 17,145 - 19,366 19,577 19,287 - -
Net income 1 9,061 10,748 11,524 11,544 11,132 13,018 13,088 13,268 13,044 14,208 14,493 14,639 14,302 15,747 -
Net margin 34.06% 37.83% 40.49% 38.6% 11.14% 40.26% 40.01% 35.59% 33.36% 38.36% 39.29% 38.61% 36.12% 39.56% -
EPS 2 3.143 3.728 3.996 4.004 4.020 5.000 4.485 5.000 4.000 4.927 5.094 5.138 4.890 5.510 -
Dividend per Share 2 2.650 - 6.080 - 5.810 - 7.870 - 5.200 - 8.539 - 4.240 - 8.717
Announcement Date 1/20/22 4/21/22 7/21/22 10/20/22 1/19/23 4/20/23 7/20/23 10/31/23 1/17/24 4/17/24 - - - - -
1MXN in Million2MXN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 20.1% 14.8% 15.3% 19.2% 21.4% 22.6% 22.4% 21.8%
ROA (Net income/ Total Assets) 2.3% 1.8% 1.9% 2.3% 2.4% 2.55% 2.41% 2.26%
Assets 1 1,588,174 1,694,894 1,844,640 1,974,264 2,184,093 2,280,731 2,637,774 2,931,450
Book Value Per Share 2 67.20 77.10 81.20 81.90 86.50 94.90 101.0 106.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/23/20 1/21/21 1/20/22 1/19/23 1/17/24 - - -
1MXN in Million2MXN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Grupo Financiero Banorte, S.A.B. de C.V.

Trading Rating
Investor Rating
ESG Refinitiv
A
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
173.2 MXN
Average target price
203.4 MXN
Spread / Average Target
+17.44%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Banks

1st Jan change Capi.
GRUPO FINANCIERO BANORTE, S.A.B. DE C.V. Stock Grupo Financiero Banorte, S.A.B. de C.V.
+1.43% 28.91B
JPMORGAN CHASE & CO. Stock JPMorgan Chase & Co.
+13.75% 556B
BANK OF AMERICA CORPORATION Stock Bank of America Corporation
+12.36% 298B
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED Stock Industrial and Commercial Bank of China Limited
+8.64% 247B
WELLS FARGO & COMPANY Stock Wells Fargo & Company
+21.72% 210B
BANK OF CHINA LIMITED Stock Bank of China Limited
+16.11% 170B
CHINA CONSTRUCTION BANK CORPORATION Stock China Construction Bank Corporation
+6.88% 162B
HSBC HOLDINGS PLC Stock HSBC Holdings plc
+4.42% 153B
ROYAL BANK OF CANADA Stock Royal Bank of Canada
+0.10% 139B
HDFC BANK LIMITED Stock HDFC Bank Limited
-11.67% 138B
Other Banks
  1. Stock Market
  2. Equities
  3. GFNORTE O Stock
  4. Financials Grupo Financiero Banorte, S.A.B. de C.V.