NYSE:BSMX

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Banco Santander México Institución de Banca Múltiple Grupo Financiero Santander México

Executive Summary

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México provides various banking products and services in Mexico. More Details


Snowflake Analysis

Very undervalued with adequate balance sheet.

Share Price & News

How has Banco Santander México Institución de Banca Múltiple Grupo Financiero Santander México's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BSMX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-8.9%

BSMX

-7.1%

US Banks

-2.4%

US Market


1 Year Return

-51.7%

BSMX

-31.9%

US Banks

12.0%

US Market

Return vs Industry: BSMX underperformed the US Banks industry which returned -31.9% over the past year.

Return vs Market: BSMX underperformed the US Market which returned 12% over the past year.


Shareholder returns

BSMXIndustryMarket
7 Day-8.9%-7.1%-2.4%
30 Day-4.6%-8.4%-6.5%
90 Day-16.9%-3.4%8.4%
1 Year-50.6%-51.7%-29.5%-31.9%14.5%12.0%
3 Yearn/a-23.2%-29.5%34.8%25.8%
5 Yearn/a13.8%-0.1%82.1%61.6%

Price Volatility Vs. Market

How volatile is Banco Santander México Institución de Banca Múltiple Grupo Financiero Santander México's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Banco Santander México Institución de Banca Múltiple Grupo Financiero Santander México undervalued compared to its fair value and its price relative to the market?

33.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BSMX ($3.09) is trading below our estimate of fair value ($4.68)

Significantly Below Fair Value: BSMX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BSMX is good value based on its PE Ratio (4.7x) compared to the US Banks industry average (9.3x).

PE vs Market: BSMX is good value based on its PE Ratio (4.7x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

PEG Ratio: BSMX is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: BSMX is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Banco Santander México Institución de Banca Múltiple Grupo Financiero Santander México forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

5.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BSMX's forecast earnings growth (5.9% per year) is above the savings rate (2.2%).

Earnings vs Market: BSMX's earnings (5.9% per year) are forecast to grow slower than the US market (22.9% per year).

High Growth Earnings: BSMX's earnings are forecast to grow, but not significantly.

Revenue vs Market: BSMX's revenue (5.9% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: BSMX's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BSMX's Return on Equity is forecast to be low in 3 years time (12%).


Next Steps

Past Performance

How has Banco Santander México Institución de Banca Múltiple Grupo Financiero Santander México performed over the past 5 years?

9.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BSMX has a high level of non-cash earnings.

Growing Profit Margin: BSMX's current net profit margins (30.3%) are lower than last year (32.2%).


Past Earnings Growth Analysis

Earnings Trend: BSMX's earnings have grown by 9.4% per year over the past 5 years.

Accelerating Growth: BSMX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BSMX had negative earnings growth (-2.5%) over the past year, making it difficult to compare to the Banks industry average (-3%).


Return on Equity

High ROE: BSMX's Return on Equity (13.7%) is considered low.


Next Steps

Financial Health

How is Banco Santander México Institución de Banca Múltiple Grupo Financiero Santander México's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BSMX's Assets to Equity ratio (13.2x) is moderate.

Allowance for Bad Loans: BSMX has a sufficient allowance for bad loans (139%).

Low Risk Liabilities: 56% of BSMX's liabilities are made up of primarily higher risk sources of funding.

Loan Level: BSMX has an appropriate level of Loans to Assets ratio (38%).

Low Risk Deposits: BSMX's Loans to Deposits ratio (92%) is appropriate.

Level of Bad Loans: BSMX has a high level of bad loans (2.5%).


Next Steps

Dividend

What is Banco Santander México Institución de Banca Múltiple Grupo Financiero Santander México current dividend yield, its reliability and sustainability?

5.96%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BSMX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BSMX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BSMX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BSMX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BSMX is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BSMX's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Héctor Blas Grisi Checa (53 yo)

4.75yrs

Tenure

Mr. Héctor Blas Grisi Checa has been the Chief Executive Officer and Executive President at Banco Santander México, SA, Institución de Banca Múltiple, Grupo Financiero Santander (Previously known as Banco ...


Leadership Team

NamePositionTenureCompensationOwnership
Héctor Blas Grisi Checa
CEO, Executive President4.75yrsno datano data
Didier Mena Campos
Chief Financial Officer2.67yrsno data0.0015%
MX$ 61.4k
Jesus Santiago Juarez
Executive Director of Operations & Process2.67yrsno datano data
Octaviano Carlos Mestre
Deputy General Director of Corporate & Investment Banking0.67yrno datano data
Pedro José Moreno Cantalejo
Vice President of the Administration & Finance and Executive Officer9.92yrsno datano data
Fernando Borja Mujica
Deputy General Legal & Compliance Director and Secretary of the Board of Directors6.67yrsno data0.00027%
MX$ 11.3k
Rodrigo Brand de Lara
Deputy General Director of Research8.67yrsno data0.0020%
MX$ 82.7k
Juan Ignacio Echeverría Fernández
Executive Director of Human Resources3.92yrsno data0.00067%
MX$ 28.0k
Pablo Quesada Gómez
Deputy General Director of Corporate & Institution Banking7.67yrsno data0.0017%
MX$ 70.2k
Héctor Chávez López
Managing Director of IROno datano datano data
Ángel Rivera Congosto
Executive Vice President of Commercial Banking4.67yrsno data0.0022%
MX$ 90.2k
Juan Ramón Jiménez Lorenzo
Chief Audit Executive & Executive Officerno datano datano data

4.3yrs

Average Tenure

Experienced Management: BSMX's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Héctor Blas Grisi Checa
CEO, Executive President4.75yrsno datano data
Didier Mena Campos
Chief Financial Officer2.67yrsno data0.0015%
MX$ 61.4k
Rodrigo Brand de Lara
Deputy General Director of Research8.67yrsno data0.0020%
MX$ 82.7k
Ángel Rivera Congosto
Executive Vice President of Commercial Banking4.67yrsno data0.0022%
MX$ 90.2k
Alberto Torrado Martínez
Independent Director11.67yrsno datano data
Magdalena Sofia Salarich Fernández de Valderrama
Director1.67yrsno datano data
Fernando Benjamín Ruiz Sahagun
Independent Director17.67yrsno datano data
Antonio Purón Mier y Terán
Independent Director11.67yrsno datano data
Francisco Javier Garcia-Carranza Benjumea
Director2.67yrsno datano data
María de Lourde Melgar Palacios
Independent Director2.67yrsno datano data
Cesar Montemayor Zambrano
Independent Director0.58yrno datano data
Laura Renne Diez Azcarraga
Independent Chairman of the Board0.25yrno datano data

3.7yrs

Average Tenure

57yo

Average Age

Experienced Board: BSMX's board of directors are considered experienced (3.7 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México
  • Ticker: BSMX
  • Exchange: NYSE
  • Founded: 1932
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: Mex$93.728b
  • Listing Market Cap: Mex$4.178b
  • Shares outstanding: 6.79b
  • Website: https://www.santander.com.mx

Number of Employees


Location

  • Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México
  • Avenida Prolongación Paseo de la Reforma 500
  • Colonia Lomas de Santa Fe
  • Mexico City
  • Distrito Federal
  • 1219
  • Mexico

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BSMXNYSE (New York Stock Exchange)SPON ADR EACH REPR 5 ORD SHS SERIES BUSUSDJan 2018
BSMX BBMV (Bolsa Mexicana de Valores)YesNew Series B SharesMXMXNJan 2018

Biography

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México provides various banking products and services in Mexico. The company operates through Retail Banking and Corp ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/26 05:40
End of Day Share Price2020/09/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.