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

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

GFNORTEO · MX · Financial Services / Banks - Regional

199.25MXN+2.59 (+1.32%)

Price History

Full chart

Market Stats

Previous Close196.66
Open196.98
Day Range195.82 – 200
52-Week Range153.88 – 203.96
Volume7.97M
Market Cap528.24B
P/E (TTM)8.77
Forward P/E8.29
EPS21.7
Dividend Yield9.31%
Beta0.13
50-Day Avg194.36
200-Day Avg190.03

About

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. It offers retail banking services, including checking and deposit accounts; credit and debit cards; mortgage, car, payroll, and personal loans; SME loans; payroll accounts; and car, home, life, and SME insurance. The company also provides wholesale banking services, such as structured loans, syndicated loans, leveraged acquisitions, investment planning, and cash management of collections, trust services, payroll, checking accounts, and credit lines; online banking, collections and payments, acquirer services, payroll, cash management and reconciliation services, currency trading, excess cash and liquidity management, and hedging and insurance; and import-export letters of credit, documentary collections, bank guarantees, standby letters of credit, letter of credit financing, import-export foreign trade financing, foreign trade structured financing, discounted import bills of exchange, import bank guarantees, international wire transfers, and remittances. In addition, it offers checking solutions, including current investment and debit accounts; financial solutions comprising SME loans and commercial credit cards; technological solutions, such as online banking, PST, and payroll; and commercial insurance solutions that consist of auto, home, and employee insurance. The company was founded in 1899 and is based in Mexico City, Mexico.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Jose Marcos Ramirez Miguel
  • Employees35.70K
  • HeadquartersCol. Cruz Manca Santa Fe, Mexico City, DF, Mexico, 05349, Mexico
  • Websitehttps://www.banorte.com

Leadership

  • Mr. Jose Marcos Ramirez MiguelCEO & Proprietary Board Member · b. 1964
  • Mr. Tomas Lozano DerbezChief Financial Officer
  • Engineer Rafael Victorio Arana de la GarzaChief Operating Officer · b. 1951
  • Mr. Javier Diaz De Leon OpitzExecutive Director of Investments
  • Ms. Mayra Nelly Lopez LopezDeputy Managing Director of Accounting
  • Mr. Javier Beltran CantuChief Administrator & Human Relations Officer · b. 1969
  • Mr. Hector Martín Avila FloresChief Legal Officer & Secretary of the Board · b. 1968
  • Mr. Fernando Solís Cámara y Jiménez Canet J.C.Deputy Managing Director of Communication & Public Affairs
  • Ms. Carla Juan ChelalaDeputy Managing Director of Marketing · b. 1970
  • Mr. Carlos Eduardo Martinez GonzalezManaging Director of Government Banking · b. 1964

Financials

Income Statement

Line item2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue34.21B27.85B32.15B30.96B34.26B44.03B44.25B50.34B61.19B55.81B53.49B66.60B78.78B86.02B89.41B51.50B90.22B110.53B129.90B138.05B143.66B160.97B179.54B196.70B219.38B247.47B
Cost of Revenue--------------00000-------
Gross Profit--------------49.13B51.50B56.21B66.00B80.27B88.79B------
Operating Income25.18B18.05B17.83B16.16B18.68B29.97B30.27B33.27B38.49B30.50B28.91B37.75B47.08B49.29B48.98B21.91B24.23B31.94B42.66B48.12B------
Net Income1.68B1.50B2.02B2.22M2.62B5.72B5.96B6.81B7.01B5.85B6.71B8.52B10.89B13.51B15.23B17.11B19.31B23.91B31.96B36.53B30.51B35.05B45.41B52.42B56.19B58.79B
Interest Expense00000000000000000060.75B68.69B47.90B40.77B152.47B248.01B266.29B258.46B

Balance Sheet

Line item2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets103.12B105.41B199.52B213.19B176.22B190.19B234.44B287.28B577.02B567.14B590.56B829.28B916.57B1.01T1.10T1.20T1.27T1.35T1.62T1.58T1.79T1.85T2.07T2.27T2.47T2.60T
Total Liabilities94.90B95.55B187.53B198.83B159.85B168.71B206.93B253.13B537.28B522.16B540.33B752.20B828.06B898.10B973.31B1.06T1.13T1.21T1.45T1.38T1.56T1.61T1.83T2.03T2.22T2.35T
Total Equity7.50B9.06B11.18B13.47B15.49B20.50B26.10B32.49B37.80B41.37B46.12B70.85B81.88B106.66B122.92B135.45B140.75B145.75B172.28B193.72B222.24B234.23B236.04B249.35B249.41B249.09B
Cash9.52B7.68B23.52B30.74B39.37B38.79B43.40B13.52B18.93B25.98B25.68B14.30B16.45B62.23B32.76B49.52B65.89B76.27B75.64B62.80B109.31B98.84B108.25B100.23B98.70B100.30B
Net Debt-----------------5.87B93.88B53.17B30.79B41.66B17.20B30.31B67.11B53.16B

Cash Flow

Line item2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow---------------37.95B-20.49B-66.82B-41.25B-25.07B38.77B-42.52B33.82B-21.56B85.10B31.33B81.43B
Investing Cash Flow---------------461.00M-1.56B-1.94B1.52B15.56B-1.94B-2.72B-1.18B-9.93B---
Financing Cash Flow--------------50.03B55.80B26.64B50.13B8.88B-49.64B91.73B-43.13B40.95B---
Capital Expenditure000000000000004.01B3.91B4.08B4.78B4.50B4.58B7.43B4.52B11.79B14.64B8.27B11.11B
Free Cash Flow-----------------20.24B-9.04B2.38B47.27B6.61B64.81B42.85B23.06B70.33B
Dividends Paid--------------1.22B2.79B7.23B14.64B9.56B15.95B16.76B16.76B34.28B39.46B35.94B47.75B

Earnings

Report DateMar 31, 2001Jul 28, 2004Oct 28, 2004Jan 27, 2005Apr 28, 2005Jul 28, 2005Oct 27, 2005Jan 26, 2006Apr 27, 2006Jul 27, 2006Oct 26, 2006Jan 25, 2007Apr 26, 2007Jul 26, 2007Oct 25, 2007Jan 31, 2008Apr 24, 2008Jul 24, 2008Oct 23, 2008Jan 29, 2009Apr 29, 2009Jul 23, 2009Oct 27, 2009Jan 28, 2010Apr 30, 2010Jul 23, 2010Oct 26, 2010Feb 21, 2011Apr 29, 2011Jul 26, 2011Oct 28, 2011Jan 23, 2012Apr 27, 2012Jul 31, 2012Oct 29, 2012Jan 17, 2013Apr 29, 2013Jul 26, 2013Oct 25, 2013Jan 15, 2014Apr 29, 2014Jul 29, 2014Oct 29, 2014Jan 22, 2015Apr 29, 2015Jul 23, 2015Oct 22, 2015Jan 28, 2016Apr 21, 2016Jul 21, 2016Oct 20, 2016Jan 27, 2017Apr 27, 2017Jul 19, 2017Oct 19, 2017Jan 25, 2018Apr 27, 2018Jul 26, 2018Oct 18, 2018Jan 24, 2019Apr 29, 2019Jul 25, 2019Oct 24, 2019Jan 23, 2020Apr 23, 2020Jul 23, 2020Oct 29, 2020Jan 21, 2021Apr 22, 2021Jul 22, 2021Oct 21, 2021Jan 20, 2022Apr 21, 2022Jul 21, 2022Oct 20, 2022Jan 19, 2023Apr 20, 2023Jul 20, 2023Oct 31, 2023Jan 16, 2024Apr 16, 2024Jul 23, 2024Oct 29, 2024Jan 28, 2025Apr 22, 2025Jul 22, 2025Nov 4, 2025Jan 27, 2026Apr 21, 2026Jul 20, 2026Oct 27, 2026
EPS Estimate-0.200.170.270.420.590.560.540.610.580.690.750.820.790.840.840.930.911.000.720.760.680.680.710.780.840.860.92-0.920.961.041.091.141.191.291.361.341.211.351.311.341.411.441.421.461.531.751.661.661.791.902.022.022.152.272.432.502.783.103.103.033.053.083.142.272.612.352.912.943.003.103.373.623.944.044.554.594.654.674.975.115.004.875.205.245.205.455.565.525.64
EPS Actual0.270.280.260.450.541.010.660.580.680.720.750.740.810.730.850.830.960.901.000.630.800.650.710.740.780.820.850.870.900.880.921.081.111.171.211.381.421.381.271.311.311.351.461.381.381.441.551.781.611.671.791.981.972.052.242.342.442.592.712.963.033.033.073.133.162.263.092.072.962.973.083.143.734.004.004.025.004.495.004.004.934.915.064.885.005.164.625.695.645.60-
Surprise-40.00%52.94%66.67%28.57%71.19%17.86%7.41%11.48%24.14%8.70%-1.33%-1.22%-7.59%1.19%-1.19%3.23%-1.10%0.00%-12.50%5.26%-4.41%4.41%4.23%0.00%-2.38%-1.16%-5.43%--4.35%-4.17%3.85%1.83%2.63%1.68%6.98%4.41%2.99%4.96%-2.96%0.00%0.75%3.55%-4.17%-2.82%-1.37%1.31%1.71%-3.01%0.60%0.00%4.21%-2.48%1.49%4.19%3.08%0.41%3.60%-2.52%-4.52%-2.26%0.00%0.66%1.62%0.64%-0.44%18.39%-11.91%1.72%1.02%2.67%1.29%10.68%10.50%1.52%-0.49%9.89%-2.18%7.53%-14.35%-0.80%-3.91%1.20%0.21%-3.85%-1.53%-11.15%4.40%1.44%1.45%-
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Key Statistics & Ratios

Market Cap528.24B
Enterprise Value1.10T
Trailing P/E8.77
Forward P/E8.29
PEG Ratio0.52
Price / Sales2.25
Price / Book1.99
EPS21.7
Book Value92.83
Revenue (TTM)144.44B
Gross Profit (TTM)144.44B
Profit Margin41.46%
Operating Margin57.91%
Return on Equity23.52%
Return on Assets2.41%
Shares Outstanding2.77B
Shares Float2.81B
Beta0.13
Dividend Yield9.31%
Dividend Rate17.44
Payout Ratio80.93%

Dividends

20261×
10.45May 28, 2026
20252×
6.99Dec 8, 20259.99May 2, 2025
20242×
3.55Dec 17, 20249.09Jun 27, 2024
20232×
5.20Oct 12, 20237.87Jun 8, 2023
20222×
5.81Dec 6, 20226.08May 27, 2022
20212×
2.65Nov 26, 20213.17Apr 30, 2021
20191×
5.54Jun 5, 2019
20181×
3.45Jun 7, 2018
20172×
1.26Jun 26, 20171.23Mar 2, 2017
20163×
1.23Aug 26, 20160.46Jun 27, 20160.46Feb 24, 2016
20154×
0.27Nov 25, 20150.24Jul 28, 20150.24Apr 27, 20150.24Jan 27, 2015
20142×
0.24Oct 28, 20140.20Jul 18, 2014

Stock Splits

  • Nov 24, 20054:1