OTCPK:GBOO.Y

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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 Analysis

6 star dividend payer with excellent balance sheet.


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

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


Market Performance


7 Day Return

-2.0%

GBOO.Y

5.3%

US Banks

1.2%

US Market


1 Year Return

-29.8%

GBOO.Y

-17.7%

US Banks

16.8%

US Market

Return vs Industry: GBOO.Y underperformed the US Banks industry which returned -19% over the past year.

Return vs Market: GBOO.Y underperformed the US Market which returned 16.4% over the past year.


Shareholder returns

GBOO.YIndustryMarket
7 Day-2.0%5.3%1.2%
30 Day-1.5%6.6%4.9%
90 Day12.8%18.7%20.0%
1 Year-29.8%-29.8%-14.9%-17.7%19.3%16.8%
3 Year-46.2%-50.3%-9.6%-16.9%43.7%34.4%
5 Year-18.8%-30.2%15.0%1.0%75.5%56.6%

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 compared to its fair value and its price relative to the market?

18.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GBOO.Y ($17.39) is trading below our estimate of fair value ($21.22)

Significantly Below Fair Value: GBOO.Y is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: GBOO.Y is good value based on its PE Ratio (6.7x) compared to the US Banks industry average (9.9x).

PE vs Market: GBOO.Y is good value based on its PE Ratio (6.7x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: GBOO.Y is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: GBOO.Y is overvalued based on its PB Ratio (1.1x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

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

8.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GBOO.Y's forecast earnings growth (8.8% per year) is above the savings rate (2.2%).

Earnings vs Market: GBOO.Y's earnings (8.8% per year) are forecast to grow slower than the US market (23.7% per year).

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

Revenue vs Market: GBOO.Y's revenue (6.2% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: GBOO.Y'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: GBOO.Y's Return on Equity is forecast to be low in 3 years time (15.4%).


Next Steps

Past Performance

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

19.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GBOO.Y has high quality earnings.

Growing Profit Margin: GBOO.Y's current net profit margins (39.3%) are lower than last year (41.9%).


Past Earnings Growth Analysis

Earnings Trend: GBOO.Y's earnings have grown by 19.1% per year over the past 5 years.

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

Earnings vs Industry: GBOO.Y had negative earnings growth (-8.6%) over the past year, making it difficult to compare to the Banks industry average (-3%).


Return on Equity

High ROE: GBOO.Y's Return on Equity (16.3%) is considered low.


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

Asset Level: GBOO.Y's Assets to Equity ratio (8.6x) is low.

Allowance for Bad Loans: GBOO.Y has a sufficient allowance for bad loans (201%).

Low Risk Liabilities: 53% of GBOO.Y's liabilities are made up of primarily higher risk sources of funding.

Loan Level: GBOO.Y has an appropriate level of Loans to Assets ratio (44%).

Low Risk Deposits: GBOO.Y's Loans to Deposits ratio (107%) is appropriate.

Level of Bad Loans: GBOO.Y has an appropriate level of bad loans (1.1%).


Next Steps

Dividend

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

7.07%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GBOO.Y's dividend (7.07%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: GBOO.Y's dividend (7.07%) is in the top 25% of dividend payers in the US market (4.35%)


Stability and Growth of Payments

Stable Dividend: GBOO.Y's dividends per share have been stable in the past 10 years.

Growing Dividend: GBOO.Y's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (47.7%), GBOO.Y's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GBOO.Y's dividends in 3 years are forecast to be well covered by earnings (38.7% payout ratio).


Next Steps

Management

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

9.1yrs

Average board tenure


CEO

Jose Marcos Ramirez Miguel (56 yo)

5.75yrs

Tenure

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 ...


Board Members

NamePositionTenureCompensationOwnership
Jose Marcos Ramirez Miguel
CEO & Proprietary Board Member5.75yrsno datano data
Carlos de la Isla Corry
Chief Credit & Risk Officer4.33yrsno datano data
Alfonso de Angoitia Noriega
Independent Proprietary Board Member5.33yrsno datano data
Juan Antonio González Moreno
Proprietary Board Member16.33yrsno datano data
Eduardo Livas Cantu
Independent Proprietary Board Member21.33yrsno datano data
Juan Villarreal Montemayor
Proprietary Board Member26.83yrsno datano data
Carmen Patricia Armendáriz Guerra
Independent Proprietary Board Member11.33yrsno datano data
Alfredo Elías Ayub
Independent Proprietary Board Member7.33yrsno datano data
Carlos Hank González
Chairman of the Board5.58yrsno datano data
Adrian G. Sada Cueva
Independent Proprietary Board Member7.33yrsno datano data
Everardo Elizondo Almaguer
Independent Proprietary Board Member10.33yrsno datano data
Héctor Federico Reyes-Retana y Dahl
Independent Proprietary Board Member9.08yrsno datano data

9.1yrs

Average Tenure

63yo

Average Age

Experienced Board: GBOO.Y's board of directors are considered experienced (9.1 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

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$226.092b
  • Listing Market Cap: Mex$10.068b
  • Shares outstanding: 2.88b
  • Website: https://www.banorte.com

Number of Employees


Location

  • Grupo Financiero Banorte, S.A.B. de C.V.
  • Edificio Santa Fe
  • 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. The company offers savings, investment, and credit products for individua ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/10 23:49
End of Day Share Price2020/08/10 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.