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

BMV:GFNORTE O Stock Report

Market Cap: Mex$388.1b

Grupo Financiero Banorte. de Past Earnings Performance

Past criteria checks 2/6

Grupo Financiero Banorte. de has been growing earnings at an average annual rate of 12%, while the Banks industry saw earnings growing at 18.4% annually. Revenues have been growing at an average rate of 9% per year. Grupo Financiero Banorte. de's return on equity is 22%, and it has net margins of 43.9%.

Key information

12.0%

Earnings growth rate

12.0%

EPS growth rate

Banks Industry Growth10.4%
Revenue growth rate9.0%
Return on equity22.0%
Net Margin43.9%
Next Earnings Update28 Jan 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Grupo Financiero Banorte. de makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BMV:GFNORTE O Revenue, expenses and earnings (MXN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24126,55755,50852,9770
30 Jun 24123,75754,53851,4840
31 Mar 24121,75353,60850,0240
31 Dec 23118,14352,41848,5820
30 Sep 23114,12050,96646,1580
30 Jun 23111,61849,24245,7220
31 Mar 23108,61347,67845,1970
31 Dec 22105,79445,40844,7720
30 Sep 22102,41042,87745,7700
30 Jun 2298,11240,20745,6840
31 Mar 2293,71537,25245,7800
31 Dec 2189,76235,04845,9400
30 Sep 2184,77431,95344,3640
30 Jun 2184,65531,98443,9740
31 Mar 2181,17229,93443,4300
31 Dec 2081,95630,50843,0130
30 Sep 2085,32633,55246,0790
30 Jun 2085,18333,50444,7260
31 Mar 2088,05635,71541,1400
31 Dec 1988,79436,52840,6780
30 Sep 1989,99437,70036,0030
30 Jun 1987,57636,65836,1940
31 Mar 1985,46335,12138,4620
31 Dec 1880,27431,95837,6090
30 Sep 1873,86128,25739,8750
30 Jun 1870,68426,65237,5090
31 Mar 1867,56125,13435,7790
31 Dec 1766,00523,81934,0610
30 Sep 1763,82322,51432,7970
30 Jun 1761,74521,23532,7580
31 Mar 1759,26520,11531,9100
31 Dec 1656,20819,06531,2430
30 Sep 1654,56718,59729,9990
30 Jun 1653,01517,94929,3800
31 Mar 1652,35417,39829,6430
31 Dec 1551,49916,87529,5940
30 Sep 1551,70715,98630,9580
30 Jun 1550,85915,74430,5720
31 Mar 1550,04215,48030,0300
31 Dec 1449,13315,22829,2320
30 Sep 1447,26715,03124,2500
30 Jun 1446,21114,51523,9390
31 Mar 1444,53413,99623,6290
31 Dec 1344,52213,50824,2610

Quality Earnings: GFNORTE O has high quality earnings.

Growing Profit Margin: GFNORTE O's current net profit margins (43.9%) are lower than last year (44.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: GFNORTE O's earnings have grown by 12% per year over the past 5 years.

Accelerating Growth: GFNORTE O's earnings growth over the past year (8.9%) is below its 5-year average (12% per year).

Earnings vs Industry: GFNORTE O earnings growth over the past year (8.9%) did not outperform the Banks industry 12.1%.

Return on Equity

High ROE: Whilst GFNORTE O's Return on Equity (22.02%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 17:19
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Grupo Financiero Banorte, S.A.B. de C.V. is covered by 33 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Martín LaraActinver Case de Bolsa, S.A. de C.V.
Roberto de Aguiar AttuchBarclays
Brian MortonBarclays