OTCPK:GBOO.Y

Stock Analysis Report

Grupo Financiero Banorte. de

Executive Summary

Grupo Financiero Banorte, S.A.B. de C.V., through its subsidiaries, provides banking and financial products and services in Mexico.

Snowflake

Fundamentals

Excellent balance sheet and good value.


Similar Companies

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


Market Performance


7 Day Return

1.8%

OTCPK:GBOO.Y

-2.6%

US Banks

-1.0%

US Market


1 Year Return

-25.2%

OTCPK:GBOO.Y

-14.2%

US Banks

-0.4%

US Market

GBOO.Y underperformed the Banks industry which returned -16.1% over the past year.

GBOO.Y underperformed the Market in United States of America which returned -1.7% over the past year.


Share holder returns

GBOO.YIndustryMarket
7 Day1.8%-2.6%-1.0%
30 Day-6.4%-6.3%-3.3%
90 Day-15.1%-3.5%0.8%
1 Year-21.4%-25.2%-11.8%-14.2%1.9%-0.4%
3 Year0.08%-13.1%42.2%32.4%39.4%30.4%
5 Year-16.0%-28.5%53.3%36.7%54.2%37.1%

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

Valuation

Is Grupo Financiero Banorte. de undervalued based on future cash flows and its price relative to the stock market?

42%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Grupo Financiero Banorte. de's share price is below the future cash flow value, and at a moderate discount (> 20%).

Grupo Financiero Banorte. de's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Grupo Financiero Banorte. de is good value based on earnings compared to the US Banks industry average.

Grupo Financiero Banorte. de is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Grupo Financiero Banorte. de is poor value based on expected growth next year.


Price Based on Value of Assets

Grupo Financiero Banorte. de is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Grupo Financiero Banorte. de expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

6.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Grupo Financiero Banorte. de's revenue is expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).

Grupo Financiero Banorte. de's earnings are expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).

Grupo Financiero Banorte. de's revenue growth is expected to exceed the United States of America market average.

Grupo Financiero Banorte. de's earnings growth is positive but not above the United States of America market average.

Grupo Financiero Banorte. de's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Grupo Financiero Banorte. de is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Grupo Financiero Banorte. de performed over the past 5 years?

19.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Grupo Financiero Banorte. de's year on year earnings growth rate has been positive over the past 5 years.

Grupo Financiero Banorte. de's 1-year earnings growth exceeds its 5-year average (37.5% vs 19%)

Grupo Financiero Banorte. de's earnings growth has exceeded the US Banks industry average in the past year (37.5% vs 33.2%).


Return on Equity

Whilst Grupo Financiero Banorte. de has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.


Return on Assets

Grupo Financiero Banorte. de used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Grupo Financiero Banorte. de improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

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


Balance Sheet


Financial Institutions Analysis

Grupo Financiero Banorte. de has an acceptable proportion of non-loan assets held.

Grupo Financiero Banorte. de has a sufficient allowance for bad loans.

Grupo Financiero Banorte. de's liabilities are made up of primarily higher risk sources of funding.

Grupo Financiero Banorte. de's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Grupo Financiero Banorte. de are broadly funded by customer deposits.

Grupo Financiero Banorte. de has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Grupo Financiero Banorte. de's current dividend yield, its reliability and sustainability?

7.04%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Grupo Financiero Banorte. de's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.5%).

Grupo Financiero Banorte. de's dividend is below the markets top 25% of dividend payers in United States of America (3.9%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Grupo Financiero Banorte. de has not reported any payouts.


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.8x coverage).


Next Steps

Management

What is the CEO of Grupo Financiero Banorte. de's salary, the management and board of directors tenure and is there insider trading?

8.7yrs

Average board tenure


CEO

José Marcos Ramirez Miguel (55yo)

4.8yrs

Tenure

Mr. José Marcos Ramirez Miguel has been the Director of Grupo Financiero Banorte, S.A.B. de C.V. (GFNorte) since July 2011. He is Chief Executive Officer of GFNorte and Banco Mercantil del Norte, S.A. sinc ...


Board Age and Tenure

8.7yrs

Average Tenure

66yo

Average Age

The tenure for the Grupo Financiero Banorte. de board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Mayra Nelly López López

    Executive Director of Accounting

  • Héctor Martín Ávila Flores (51yo)

    MD of Legal Affairs & Secretary of the Board

  • Carlos Martínez González (55yo)

    MD & General Director of Retail Banking

  • Ursula Wilhelm

    Head of Investor Relations and Financial Intelligence

  • José Francisco González (49yo)

    Deputy Managing Director of Technology

  • Fernando Solís Cámara Jiménez Canet

    Deputy Managing Director of Communication & Public Affairs

  • Jorge Eduardo Vega Camargo

    Deputy MD of Comptrollership & Controller

  • José Marcos Ramirez Miguel (55yo)

    CEO & Proprietary Board Member

    • Tenure: 4.8yrs
  • Rafael Arana de la Garza (68yo)

    Director General of Finance & Operations

    • Tenure: 5.6yrs
  • Carla Juan Chelala (49yo)

    Deputy Managing Director of Marketing


Board Members

  • Héctor Reyes-Retana y Dahl (72yo)

    Independent Proprietary Board Member

    • Tenure: 8.1yrs
  • Eduardo Cantu (76yo)

    Independent Proprietary Board Member

    • Tenure: 20.3yrs
  • Adrian G. Sada Cueva (44yo)

    Independent Proprietary Board Member

    • Tenure: 6.3yrs
  • Carlos González (48yo)

    Chairman

    • Tenure: 4.6yrs
  • Alfredo Elías Ayub (69yo)

    Independent Proprietary Board Member

    • Tenure: 7.3yrs
  • David Juan Villarreal Montemayor (70yo)

    Proprietary Board Member

    • Tenure: 25.8yrs
  • José Marcos Ramirez Miguel (55yo)

    CEO & Proprietary Board Member

    • Tenure: 8.1yrs
  • Carmen Patricia Armendáriz Guerra (63yo)

    Independent Proprietary Board Member

    • Tenure: 10.3yrs
  • Juan Antonio González Moreno (61yo)

    Proprietary Board Member

    • Tenure: 15.3yrs
  • Everardo Elizondo Almaguer (75yo)

    Independent Proprietary Board Member

    • Tenure: 9.3yrs

Company Information

Grupo Financiero Banorte, S.A.B. de C.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Grupo Financiero Banorte, S.A.B. de C.V.
  • Ticker: GBOO.Y
  • Exchange: OTCPK
  • Founded: 1899
  • Industry: diversified banks
  • Sector: banks
  • Market Cap: Mex$281.916b
  • Listing Market Cap: Mex$14.410b
  • Shares outstanding: 2.88b
  • Website: Click here

Number of Employees


Location

  • Grupo Financiero Banorte, S.A.B. de C.V.
  • Santa Fe Building
  • Prolongacion Paseo de la Reforma #1230
  • Santa Fe
  • Distrito Federal
  • 5349
  • Mexico

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GBOO.FOTCPK (Pink Sheets LLC)YesSeries O SharesUSUSDJun 1999
GFNORTE OBMV (Bolsa Mexicana de Valores)YesSeries O SharesMXMXNJun 1999
4FNDB (Deutsche Boerse AG)YesSeries O SharesDEEURJun 1999
XNORBME (Bolsas y Mercados Espanoles)YesSeries O SharesESEURJun 1999
GBOO.YOTCPK (Pink Sheets LLC)ADRUSUSDJun 2009

Biography

Grupo Financiero Banorte, S.A.B. de C.V., through its subsidiaries, provides banking and financial products and services in Mexico. It offers deposits, which include demand deposits, term deposits, money m ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 00:13
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.