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Grupo Financiero Banorte, S.A.B. de C.V. (GFNORTEO.MX)

MXN186.58 +4.51 (+2.48%)
MX MEX Financial Services Banks - Regional
Address Santa Fe Building 5349
Mexico City, DF, MX
CEO Jose Marcos Ramirez Miguel
IPO 2000-01-03
ISIN MXP370711014

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Also trades on Mexican Stock Exchange · GFNORTEO.MX (MXN) Other OTC · GBOOF (USD) Other OTC · GBOOY (USD)
Description

Operating through its various subsidiaries, Grupo Financiero Banorte, S.A.B. de C.V. delivers a comprehensive array of banking and financial services throughout Mexico. Its core product suite encompasses current accounts and credit card facilities, alongside a diverse portfolio of lending solutions including auto, mortgage, personal, and payroll loans. The institution further provides a variety of savings and investment vehicles. Beyond these, GFNorte offers an extensive selection of insurance products, covering areas such as life, home, auto, health, savings, credit card protection, mobile devices, and mortgage-related risks. Clients also have access to foreign currency exchange services and convenient digital banking platforms accessible via online and mobile applications. This broad range of offerings is underpinned by a substantial operational network, comprising approximately 1,151 physical branches, 9,668 automated teller machines (ATMs), and 154,443 point-of-sale (POS) terminals. Established in 1899, the company maintains its headquarters in Mexico City, Mexico.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
MXN186.58 +4.51 (+2.48%)
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Volume Profile
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Liquidity & share structure
Average Volume
6M
Beta
0.16
Float Shares
3.09B
Free Float %
111.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.33% -5.67% -5.03% -7.68% +3.60% +8.36% +5.10% +22.16% +31.50% +84.40% +5,007.06%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
186.58
DCF (Levered) 249.87 +33.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 63% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 7 0
Hold 6 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.16
Distress
Piotroski F-Score
7 / 9
Strong
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
  • Revenue growth
    +132.0% Q1'26: -14.2% (vs Q1'25)
  • EPS growth
    +0.1% Q1'26: +0.0% (vs Q1'25)
  • FCF margin
    Q1'26: -8.0% (vs Q1'25)
  • EBIT margin
    Q1'26: +18.9% (vs Q1'25)
  • ROIC
    Q1'26: -57.9% (vs Q1'25)
  • Share dilution
    +4.6% Q1'26: +1.1% (vs Q1'25)
  • Debt / EBITDA
    Q1'26: 1.61× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.22) × ERP
WACC = 78% × Ke + 22% × Kd (169.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 186.58
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2018
actual
Dec 2019
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
10 Rev. Ana.
11 EPS Ana.
Dec 2027
10 Rev. Ana.
10 EPS Ana.
Revenue
129.90B
est: 92.98B (+39.7%)
138.05B
est: 105.90B (+30.4%)
218.04B
est: 149.20B (+46.1%)
505.93B
est: 163.07B (+210.3%)
173.00B
164.94B – 178.05B
+6.1% YoY
186.21B
177.36B – 195.32B
+7.6% YoY
EBITDA
est: 3.16B (-100.0%)
est: 3.59B (-100.0%)
est: 10.32B (-100.0%)
89.14B
est: 11.28B (+690.2%)
11.97B
11.41B – 12.32B
+6.1% YoY
12.88B
12.27B – 13.51B
+7.6% YoY
EBIT
-2.22B
est: 1.47B (-250.6%)
-2.09B
est: 1.68B (-224.5%)
-5.25B
est: 7.77B (-167.6%)
83.62B
est: 8.49B (+884.7%)
9.01B
8.59B – 9.27B
+6.1% YoY
9.70B
9.24B – 10.17B
+7.6% YoY
Net Income
31.96B
36.53B
56.19B
est: 58.31B (-3.6%)
58.79B
est: 61.76B (-4.8%)
64.63B
59.65B – 66.71B
+4.7% YoY
69.30B
61.42B – 73.20B
+7.2% YoY
SGA
11.74B
est: 9.23B (+27.3%)
11.79B
est: 10.51B (+12.2%)
54.63B
est: 12.98B (+320.7%)
11.42B
est: 14.19B (-19.5%)
15.05B
14.35B – 15.49B
+6.1% YoY
16.20B
15.43B – 17.00B
+7.6% YoY
EPS
11.24
12.75
20.00
est: 19.84 (+0.8%)
20.01
est: 21.02 (-4.8%)
21.99
20.30 – 22.70
+4.7% YoY
23.58
20.90 – 24.91
+7.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-28 B+ 3/5 4/5 5/5 4/5 2/5 3/5 1/5
2026-05-27 B+ 3/5 4/5 5/5 4/5 2/5 3/5 1/5
2026-05-26 B+ 3/5 4/5 5/5 4/5 2/5 3/5 1/5
2026-05-25 B+ 3/5 4/5 5/5 4/5 2/5 3/5 1/5
2026-05-22 B+ 3/5 4/5 5/5 4/5 2/5 3/5 1/5
2026-05-21 B+ 3/5 4/5 5/5 4/5 2/5 3/5 1/5
2026-05-20 B+ 3/5 4/5 5/5 4/5 2/5 3/5 1/5
2026-05-19 B+ 3/5 4/5 5/5 4/5 2/5 3/5 1/5
2026-05-18 B+ 3/5 4/5 5/5 4/5 2/5 3/5 1/5
2026-05-15 B+ 3/5 4/5 5/5 4/5 2/5 3/5 1/5
2026-05-14 B+ 3/5 4/5 5/5 4/5 2/5 3/5 1/5
2026-05-13 B+ 3/5 4/5 5/5 4/5 2/5 3/5 1/5
2026-05-12 B+ 3/5 4/5 5/5 4/5 2/5 3/5 1/5
2026-05-11 B+ 3/5 4/5 5/5 4/5 2/5 3/5 1/5
2026-05-08 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-05-07 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-05-06 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-05-05 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-05-04 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-04-30 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-04-29 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-04-28 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-04-27 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-04-24 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-04-23 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-04-22 A 4/5 4/5 5/5 5/5 2/5 4/5 2/5
2026-04-21 A 4/5 4/5 5/5 5/5 2/5 4/5 2/5
2026-04-20 A 4/5 4/5 5/5 5/5 2/5 4/5 2/5
2026-04-17 A 4/5 4/5 5/5 5/5 2/5 4/5 2/5
2026-04-16 A 4/5 4/5 5/5 5/5 2/5 4/5 2/5
2026-04-15 A 4/5 4/5 5/5 5/5 2/5 4/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
102.23B
OE per share TTM
34.20
Owner's Yield
18.31%
Maintenance CapEx ratio
23.03%
Maint CapEx / Avg PPE
12.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.46M
Shares Outstanding
2.78B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Carla Juan Chelala Deputy Managing Director of Marketing female
Carlos Eduardo Martinez Gonzalez Managing Director of Government Banking male
Fernando Solís Cámara y Jiménez Canet Deputy Managing Director of Communication & Public Affairs male
Hector Martín Avila Flores Chief Legal Officer & Secretary of the Board male
Javier Beltran Cantu Chief Administrator & Human Relations Officer male
Javier Diaz De Leon Opitz Executive Director of Investments male
Jose Armando Rodal Espinosa Managing Director of Wholesale Banking male
Jose Marcos Ramirez Miguel Chief Executive Officer & Proprietary Board Member male
Mayra Nelly Lopez Lopez Deputy Managing Director of Accounting female
Rafael Victorio Arana de la Garza Chief Financial & Operational Officer
Tomas Lozano Derbez Head of Corporate Development, Financial Planning, Investor Relations & Sustainability male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits