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1 Comment
Grupo Financiero Banorte, S.A.B. de C.V is currently in a long term uptrend where the price is trading 18.5% above its 200 day moving average.
From a valuation standpoint, the stock is 94.8% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 2.3.
Grupo Financiero Banorte, S.A.B. de C.V's total revenue rose by 57.6% to $35B since the same quarter in the previous year.
Its net income has dropped by 1.2% to $9B since the same quarter in the previous year.
Finally, its free cash flow fell by 91.2% to $366M since the same quarter in the previous year.
Based on the above factors, Grupo Financiero Banorte, S.A.B. de C.V gets an overall score of 3/5.
Exchange | F |
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CurrencyCode | EUR |
ISIN | MXP370711014 |
Sector | Financial Services |
Industry | Banks - Regional |
Market Cap | 21B |
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PE Ratio | 8.32 |
Target Price | 168.56 |
Dividend Yield | 44.% |
Beta | 0.3 |
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; and 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, POS terminals, 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.
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