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About the company
Grupo Financiero Banorte SAB de CV is a Mexico-based financial institution (the Bank) engaged in the banking sector. The Bank operates in four business sectors: Banking, Savings, Brokerage and Other financial services. The Banking division provides current accounts, consumer and commercial loans, as well as credit and debit cards, among others. The Savings division offers products related to insurance and pension schemes. The Brokerage division focuses on the investment funds management and securities trading. The Other financial services division includes leasing, factoring, portfolio management and warehousing, among others. The Bank offers financial products and services to individual and business customers. It operates through a number of subsidiaries, such as Almacenadora Banorte SA de CV Organizacion Auxiliar del Credito Grupo Financiero Banorte, Casa de Bolsa Banorte IXE SA de CV Grupo Financiero Banorte and Ixe Servicios SA de CV.
- Revenue in MXN (TTM)383.76bn
- Net income in MXN53.61bn
- Incorporated1992
- Employees32.39k
- LocationGrupo Financiero Banorte SAB de CVAv. Revolucion 3000, Col. PrimaveraMONTERREY 64830MexicoMEX
- Phone+52 8 183197200
- Websitehttps://www.banorte.com/
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| China Everbright Bank Co Ltd | 576.17bn | 83.19bn | 419.62bn | 47.58k | 5.73 | 0.3849 | -- | 1.24 | 0.569 | 0.569 | 2.34 | 9.57 | -- | -- | -- | -- | 0.605 | 0.736 | -- | -- | -- | -- | 28.04 | 27.51 | -- | -- | -- | 29.49 | 3.94 | 6.20 | -10.04 | 2.24 | 4.87 | 1.45 |
| Fifth Third Bancorp | 169.78bn | 36.08bn | 421.13bn | 18.66k | 11.74 | 1.49 | 9.57 | 2.93 | 3.14 | 3.14 | 12.49 | 27.81 | -- | -- | -- | -- | 1.09 | 1.18 | -- | -- | -- | -- | 26.90 | 28.12 | -- | -- | -- | 37.51 | 48.17 | 13.49 | -4.98 | 1.09 | 13.50 | 12.94 |
| First Citizens BancShares Inc (Delaware) | 205.06bn | 43.79bn | 421.89bn | 15.72k | 9.70 | 1.21 | 39.86 | 2.49 | 180.14 | 180.14 | 696.22 | 1,503.68 | -- | -- | -- | -- | 1.24 | 3.68 | -- | -- | -- | -- | 26.47 | 47.89 | -- | -- | -- | 1.03 | 204.45 | 52.84 | 988.45 | 96.99 | 59.02 | 16.47 |
| Danske Bank A/S | 211.41bn | 52.65bn | 422.29bn | 20.09k | 8.00 | 0.9979 | -- | 1.37 | 25.26 | 25.26 | 147.39 | 202.53 | -- | -- | -- | -- | 0.5792 | 0.2556 | -- | -- | -- | -- | 17.14 | 11.35 | -- | -- | -- | 33.81 | 59.24 | 5.90 | 555.68 | 8.59 | -3.72 | 11.27 |
| Banco Bradesco SA | 565.20bn | 48.92bn | 424.03bn | 85.63k | 9.10 | 0.8519 | 6.01 | 1.00 | 1.41 | 1.41 | 12.25 | 15.12 | -- | -- | -- | -- | 0.8157 | 1.23 | -- | -- | -- | -- | 11.75 | 16.02 | -- | -- | -- | 53.79 | 6.65 | 11.82 | -27.06 | -4.55 | 10.57 | 18.35 |
| Standard Chartered PLC | 469.59bn | 51.46bn | 424.79bn | 84.96k | 8.89 | 0.5265 | 7.34 | 1.29 | 0.8734 | 0.8734 | 5.58 | 15.20 | -- | -- | -- | -- | 0.4302 | 0.3007 | -- | -- | -- | -- | 17.78 | 13.96 | -- | -- | -- | 20.69 | 78.51 | 12.44 | 18.45 | 37.31 | 49.64 | 5.15 |
| Malayan Banking Bhd | 107.44bn | 33.23bn | 428.45bn | 43.60k | 12.88 | 1.27 | 11.20 | 3.57 | 0.7756 | 0.7756 | 2.80 | 7.85 | -- | -- | -- | -- | 0.9733 | 0.926 | -- | -- | -- | -- | 28.48 | 29.94 | -- | -- | -- | 85.10 | 39.90 | 5.44 | 17.45 | 2.88 | 5.99 | 1.03 |
| Hang Seng Bank Ltd | 127.26bn | 36.70bn | 457.88bn | 8.49k | 12.53 | 1.28 | 10.34 | 5.11 | 8.97 | 8.97 | 21.91 | 87.94 | -- | -- | -- | -- | 1.01 | 0.967 | -- | -- | -- | -- | 42.59 | 51.01 | -- | -- | -- | 69.07 | 70.89 | 9.57 | 62.07 | -6.40 | 14.43 | -2.82 |
| Grupo Financiero Banorte SAB de CV | 383.76bn | 53.61bn | 461.96bn | 32.39k | 8.62 | 1.76 | 7.85 | 2.03 | 18.59 | 18.59 | 78.79 | 90.81 | -- | -- | -- | -- | 2.39 | 2.19 | -- | -- | -- | -- | 23.81 | 22.56 | -- | -- | -- | 40.69 | 39.78 | 22.24 | 15.44 | 10.40 | 15.03 | 8.57 |
| National Bank of Canada | 215.71bn | 39.40bn | 472.96bn | 28.73k | 12.02 | 1.86 | 10.35 | 3.77 | 9.48 | 9.48 | 30.19 | 70.46 | -- | -- | -- | -- | 0.7922 | 0.8335 | -- | -- | -- | -- | 32.78 | 32.42 | -- | -- | -- | 39.39 | 75.77 | 19.33 | -2.47 | 9.39 | 8.60 | 15.34 |
| DNB Bank ASA | 273.83bn | 59.38bn | 486.84bn | 10.62k | 8.12 | 1.08 | 7.22 | 3.64 | 24.81 | 24.71 | 55.92 | 186.20 | -- | -- | -- | -- | 1.06 | 0.9622 | -- | -- | -- | -- | 46.04 | 42.24 | -- | -- | -- | 62.72 | 100.83 | 22.74 | 18.56 | 10.25 | 12.32 | 14.17 |
| Skandinaviska Enskilda Banken AB | 227.83bn | 59.51bn | 501.54bn | 17.57k | 8.27 | 1.48 | 8.01 | 3.45 | 18.20 | 18.20 | 44.42 | 101.46 | -- | -- | -- | -- | 0.9639 | 0.7985 | -- | -- | -- | -- | 40.99 | 38.23 | -- | -- | -- | 54.43 | 141.12 | 28.07 | 41.82 | 10.50 | 0.4294 | 12.09 |
| Banco do Brasil SA | 877.47bn | 111.79bn | 501.80bn | 85.95k | 4.49 | 0.8827 | 3.30 | 0.9807 | 6.00 | 6.00 | 27.47 | 30.52 | -- | -- | -- | -- | 1.93 | 1.59 | -- | -- | -- | -- | 27.15 | 24.48 | -- | -- | -- | 37.52 | 11.52 | 15.37 | 9.05 | 21.33 | 19.59 | 24.63 |
Data as of May 23 2024. Currency figures normalised to Grupo Financiero Banorte SAB de CV's reporting currency: Mexican New Peso MXN
17.72%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| The Vanguard Group, Inc.as of 09 May 2024 | 114.11m | 3.96% |
| BlackRock Fund Advisorsas of 09 May 2024 | 87.91m | 3.05% |
| BlackRock M�xico SA de CV Asesor en Inversiones Independienteas of 09 May 2024 | 56.23m | 1.95% |
| Norges Bank Investment Managementas of 31 Dec 2023 | 43.60m | 1.51% |
| GQG Partners LLCas of 31 Mar 2024 | 41.08m | 1.43% |
| Fidelity Management & Research Co. LLCas of 31 Mar 2024 | 39.69m | 1.38% |
| Capital Research & Management Co. (World Investors)as of 31 Mar 2024 | 39.61m | 1.37% |
| APG Asset Management NVas of 31 Dec 2022 | 30.03m | 1.04% |
| JPMorgan Asset Management (UK) Ltd.as of 09 May 2024 | 29.90m | 1.04% |
| BlackRock Advisors (UK) Ltd.as of 09 May 2024 | 28.84m | 1.00% |
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Data from 31 Dec 2023 - 16 May 2024Source: FactSet Research Systems Inc.
