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

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

Grupo Financiero Banorte, S.A.B. de C.V., operating through its various subsidiaries, offers a comprehensive range of banking and financial solutions across Mexico. The institution provides diverse credit offerings, such as payroll accounts, credit cards, and specialized loans for vehicles, mortgages, payroll advancements, and personal financing. Customers also have access to various savings and investment products. Furthermore, Banorte extends its services to include an extensive selection of insurance policies, encompassing coverage for life, home, automotive, health, savings, credit cards, mobile devices, and mortgage protection. The company's portfolio also features foreign currency exchange and modern digital banking options accessible through online and mobile platforms. Established in 1899 and headquartered in Mexico City, Mexico, this financial group maintains a substantial operational footprint. Its network comprises approximately 1,151 branch locations, 9,668 automated teller machines (ATMs), and 154,443 point-of-sale terminals.

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

Grupo Financiero Banorte, S.A.B. de C.V. (GBOOY) stock trades at $57.25 with a market capitalization of $32.21B. 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 $41.70 and $62.89, and currently trades 9.0% below its 52-week high. It pays a dividend yielding 10.46%.

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 $428.5B, net profit of $58.8B, revenue has compounded at 24.4% 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.

GBOOY has an average daily trading volume of 57,448 shares, a beta of 0.13 (less volatile than the overall market).

Official website: www.banorte.com