Grupo Financiero Banorte, S.A.B. de C.V., through its subsidiaries, provides banking and financial products and services in Mexico.
6 star dividend payer and undervalued.
Share Price & News
How has Grupo Financiero Banorte. de's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: XNOR's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: XNOR exceeded the Spanish Banks industry which returned -40.1% over the past year.
Return vs Market: XNOR underperformed the Spanish Market which returned -17.7% over the past year.
Price Volatility Vs. Market
How volatile is Grupo Financiero Banorte. de's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Grupo Financiero Banorte. de undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: XNOR (€3.3) is trading below our estimate of fair value (€4.27)
Significantly Below Fair Value: XNOR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: XNOR is good value based on its PE Ratio (6.7x) compared to the ES Banks industry average (8.4x).
PE vs Market: XNOR is good value based on its PE Ratio (6.7x) compared to the Spanish market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: XNOR is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: XNOR is overvalued based on its PB Ratio (1.1x) compared to the ES Banks industry average (0.3x).
How is Grupo Financiero Banorte. de forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: XNOR's forecast earnings growth (8.8% per year) is above the savings rate (1.3%).
Earnings vs Market: XNOR's earnings (8.8% per year) are forecast to grow slower than the Spanish market (30.4% per year).
High Growth Earnings: XNOR's earnings are forecast to grow, but not significantly.
Revenue vs Market: XNOR's revenue (6.2% per year) is forecast to grow faster than the Spanish market (5.7% per year).
High Growth Revenue: XNOR's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: XNOR's Return on Equity is forecast to be low in 3 years time (15.4%).
How has Grupo Financiero Banorte. de performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: XNOR has high quality earnings.
Growing Profit Margin: XNOR's current net profit margins (39.3%) are lower than last year (41.9%).
Past Earnings Growth Analysis
Earnings Trend: XNOR's earnings have grown by 19.1% per year over the past 5 years.
Accelerating Growth: XNOR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: XNOR had negative earnings growth (-8.6%) over the past year, making it difficult to compare to the Banks industry average (-27%).
Return on Equity
High ROE: XNOR's Return on Equity (16.3%) is considered low.
How is Grupo Financiero Banorte. de's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: XNOR's Assets to Equity ratio (8.6x) is low.
Allowance for Bad Loans: XNOR has a sufficient allowance for bad loans (201%).
Low Risk Liabilities: 53% of XNOR's liabilities are made up of primarily higher risk sources of funding.
Loan Level: XNOR has an appropriate level of Loans to Assets ratio (44%).
Low Risk Deposits: XNOR's Loans to Deposits ratio (107%) is appropriate.
Level of Bad Loans: XNOR has an appropriate level of bad loans (1.1%).
What is Grupo Financiero Banorte. de current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: XNOR's dividend (7.09%) is higher than the bottom 25% of dividend payers in the Spanish market (2.5%).
High Dividend: XNOR's dividend (7.09%) is in the top 25% of dividend payers in the Spanish market (6.42%)
Stability and Growth of Payments
Stable Dividend: XNOR's dividends per share have been stable in the past 10 years.
Growing Dividend: XNOR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (47.7%), XNOR's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: XNOR's dividends in 3 years are forecast to be well covered by earnings (38.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Jose Marcos Ramirez Miguel (56 yo)
Mr. José Marcos Ramírez Miguel has been the Director of Grupo Financiero Banorte, S.A.B. de C.V. (GFNorte) from July 2011. He is Chief Executive Officer of GFNorte and Banco Mercantil del Norte, S.A. from ...
|CEO & Proprietary Board Member||5.75yrs||no data||no data|
|Chief Credit & Risk Officer||4.33yrs||no data||no data|
|Independent Proprietary Board Member||5.33yrs||no data||no data|
|Proprietary Board Member||16.33yrs||no data||no data|
|Independent Proprietary Board Member||21.33yrs||no data||no data|
|Proprietary Board Member||26.83yrs||no data||no data|
|Independent Proprietary Board Member||11.33yrs||no data||no data|
|Independent Proprietary Board Member||7.33yrs||no data||no data|
|Chairman of the Board||5.58yrs||no data||no data|
|Independent Proprietary Board Member||7.33yrs||no data||no data|
|Independent Proprietary Board Member||10.33yrs||no data||no data|
|Independent Proprietary Board Member||9.08yrs||no data||no data|
Experienced Board: XNOR's board of directors are considered experienced (9.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Grupo Financiero Banorte, S.A.B. de C.V.'s company bio, employee growth, exchange listings and data sources
- Name: Grupo Financiero Banorte, S.A.B. de C.V.
- Ticker: XNOR
- Exchange: BME
- Founded: 1899
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: Mex$225.688b
- Listing Market Cap: Mex$8.517b
- Shares outstanding: 2.88b
- Website: https://www.banorte.com
Number of Employees
- Grupo Financiero Banorte, S.A.B. de C.V.
- Edificio Santa Fe
- Prolongacion Paseo de la Reforma #1230
- Santa Fe
- Distrito Federal
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GBOO.F||OTCPK (Pink Sheets LLC)||Yes||Series O Shares||US||USD||Jun 1999|
|GFNORTE O||BMV (Bolsa Mexicana de Valores)||Yes||Series O Shares||MX||MXN||Jun 1999|
|4FN||DB (Deutsche Boerse AG)||Yes||Series O Shares||DE||EUR||Jun 1999|
|XNOR||BME (Bolsas y Mercados Espanoles)||Yes||Series O Shares||ES||EUR||Jun 1999|
|GBOO.Y||OTCPK (Pink Sheets LLC)||ADR||US||USD||Jun 2009|
Grupo Financiero Banorte, S.A.B. de C.V., through its subsidiaries, provides banking and financial products and services in Mexico. The company offers savings, investment, and credit products for individua ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/06 21:02|
|End of Day Share Price||2020/08/06 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.