Grupo Financiero Banorte, S.A.B. de C.V. (GBOOF) Stock

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

Grupo Financiero Banorte, S.A.B. de C.V., along with its various subsidiaries, delivers a broad spectrum of banking and financial services and products throughout Mexico. The company's offerings encompass essential deposit services like payroll accounts, a diverse selection of credit cards, and a range of loan products, including those for automobiles, mortgages, payroll-backed financing, and personal credit. Customers can also access numerous savings and investment solutions. Further extending its reach, Banorte provides a comprehensive suite of insurance policies, such as coverage for life, home, vehicles, health, savings, credit cards, mobile equipment, and mortgage protection. Additionally, it facilitates foreign currency exchange and offers convenient digital banking options through its online and mobile platforms. The institution maintains a significant physical presence, operating an extensive network that includes approximately 1,151 branches, 9,668 automated teller machines (ATMs), and 154,443 point-of-sale (POS) terminals. Grupo Financiero Banorte, S.A.B. de C.V. was founded in 1899 and is headquartered in Mexico City, Mexico.

Grupo Financiero Banorte, S.A.B. de C.V. is headquartered in MX.

Grupo Financiero Banorte, S.A.B. de C.V. (GBOOF) stock trades at $11.48 with a market capitalization of $31.84B. The stock is valued at a price-to-earnings (P/E) ratio of 7.83, price-to-book of 2.47, price-to-sales of 0.90. Over the past 52 weeks the stock has ranged between $8.50 and $13.25, and currently trades 13.4% below its 52-week high.

On profitability, Grupo Financiero Banorte, S.A.B. de C.V. generates a return on equity (ROE) of 29.47% — well above the market average, a sign of a high-quality business, return on capital employed of 7.97%, an operating margin of 17.48%, a net profit margin of 12.16%.

In its most recent fiscal year, Grupo Financiero Banorte, S.A.B. de C.V. reported annual revenue of $505.9B, net profit of $58.8B, revenue has compounded at 21.4% a year over the last five years, profit at 14.0% a year.

The balance sheet shows a debt-to-equity ratio of 0.67, a current ratio of 0.38, total assets of $2.60T, $100.3B in cash and equivalents.

GBOOF has an average daily trading volume of 15,128 shares, a beta of 0.13 (less volatile than the overall market).

Official website: www.banorte.com