GBOO.F Stock Overview

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. More details

GBOO.F fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	3/6
Past Performance	3/6
Financial Health	5/6
Dividends	4/6

Rewards

Trading at 50.1% below our estimate of its fair value

Earnings are forecast to grow 5.1% per year

Earnings grew by 8.9% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 35.1%

Risk Analysis

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

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

Credicorp

NYSE:BAP

US$14.4b

Fifth Third Bancorp

NasdaqGS:FITB

US$28.8b

Comerica

NYSE:CMA

US$8.1b

First Citizens BancShares

NasdaqGS:FCNC.A

US$29.5b

Price History & Performance

Summary of share price highs, lows and changes for Grupo Financiero Banorte. de
Historical stock prices
Current Share Price	Mex$6.53
52 Week High	Mex$11.35
52 Week Low	Mex$6.17
Beta	0.67
1 Month Change	-3.19%
3 Month Change	-8.74%
1 Year Change	-34.98%
3 Year Change	7.30%
5 Year Change	11.77%
Change since IPO	142.02%

Recent updates

Shareholder Returns

	GBOO.F	US Banks	US Market
7D	-4.8%	0.8%	0.6%
1Y	-35.0%	29.4%	23.7%

Return vs Industry: GBOO.F underperformed the US Banks industry which returned 29.4% over the past year.

Return vs Market: GBOO.F underperformed the US Market which returned 23.8% over the past year.

Price Volatility

Is GBOO.F's price volatile compared to industry and market?
GBOO.F volatility
GBOO.F Average Weekly Movement	10.5%
Banks Industry Average Movement	5.2%
Market Average Movement	6.3%
10% most volatile stocks in US Market	17.5%
10% least volatile stocks in US Market	3.1%

Stable Share Price: GBOO.F has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: GBOO.F's weekly volatility (10%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1899	33,696	Jose Ramirez Miguel	www.banorte.com

Grupo Financiero Banorte, S.A.B. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. The company accepts checking, current, retirement, and payroll accounts; and provides loans, including mortgage, car, payroll, personal, structured, syndicated, SME loans, and credit cards, as well as letter of credit financing, acquisition funding, and import and export foreign trade financing. It is also involved in investment planning, foreign currency purchase/sale, financial advice, brokerage, asset management, investment banking, letters of credit, bank guarantees, and leasing and factoring activities.

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

How do Grupo Financiero Banorte. de's earnings and revenue compare to its market cap?
GBOO.F fundamental statistics
Market cap	US$18.99b
Earnings (TTM)	US$2.73b
Revenue (TTM)	US$6.22b

7.0x

P/E Ratio

1.5x

P/B Ratio

Is GBOO.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GBOO.F income statement (TTM)
Revenue	Mex$126.56b
Cost of Revenue	Mex$0
Gross Profit	Mex$126.56b
Other Expenses	Mex$71.05b
Earnings	Mex$55.51b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Jan 29, 2025

Earnings per share (EPS)	19.36
Gross Margin	100.00%
Net Profit Margin	43.86%
Debt/Equity Ratio	260.3%

How did GBOO.F perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

27%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/29 03:25
End of Day Share Price	2024/12/27 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

Analyst	Institution
Martín Lara	Actinver Case de Bolsa, S.A. de C.V.
Roberto de Aguiar Attuch	Barclays
Brian Morton	Barclays