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⚠️ Not investment advice. Past performance does not guarantee future results.
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Grupo Financiero Banorte GFNORTEO.MX

Mexico Financial Services
7.3/10
AI Analyst score
196.76 MXN
Last price at analysis date · analyst target 223.88 (+13.8%)
🛒 Where to buy GFNORTEO.MXMexico
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🟡 HOLD — Hold; the high dividend yield compensates for weak growth, but governance risk limits upside potential.

Grupo Financiero Banorte is Mexico's largest bank, offering commercial banking, credit, insurance, pensions, and asset management services through its subsidiaries. Banorte shows an attractive dividend yield (8.86%) and exceptional margins (operating margin 57.91%), but earnings growth is negative (-10.10%) and governance risk in Mexico is high.

Quality / Moat
9.7
Valuation
7.1
Growth
5.0
Dividend
8.0
Momentum
5.0
Risk & Context
6.4

Detailed metrics

Market and fundamental data as of the analysis date.

💵 Valuation
P/E9.07
Fwd P/E8.30
EV/EBITDAN/D
P/B2.12
P/S3.78
PEG0.52
Market cap546.32 B MXN
Enterprise value1.12 T MXN
🏰 Quality and moat
ROIC (approx.)9.0%
Gross margin0.00%
FCF conversionN/D
Operating margin57.91%
📈 Profitability and margins
ROEN/D
ROAN/D
Net margin41.46%
FCFN/D
FCF yieldN/D
🏦 Solvency and liquidity
Total debt670.46 B MXN
Net debt560.02 B MXN
Cash110.44 B MXN
EBITDAN/D
Net debt / EBITDAN/D
D/EN/D
Current ratioN/D
Quick ratioN/D
🚀 Growth
Revenue growth9.20%
Earnings growth-10.10%
EPS (TTM)21.70 MXN
EPS (Fwd)23.69 MXN
💰 Dividend and risk
Dividend yield8.86%
Payout80.3%
Beta0.12
Analyst consensusBuy (16)
Target price223.88 MXN
52-week rangeN/D
⚠️ Main risk: Governance risk in Mexico: potential state intervention in the financial sector and weak institutions could affect returns for minority shareholders.
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Full AI report

Generated automatically from the metrics, the macro context and the company's news.

Grupo Financiero Banorte is Mexico's largest bank, offering commercial banking, credit, insurance, pensions, and asset management services through its subsidiaries. Banorte shows an attractive dividend yield (8.86%) and exceptional margins (operating margin 57.91%), but earnings growth is negative (-10.10%) and governance risk in Mexico is high.

Score by category

CategoryScore
Quality / Moat9.7
Valuation7.1
Growth5.0
Dividend8.0
Momentum5.0
Risk & Context6.4

OVERALL SCORE: 7.3/10

Context and risks

Elevated governance risk in Mexico due to potential state intervention in the financial sector and weak institutional protection for minority shareholders.

News considered in the analysis

  • XP or GBOOY: Which Is the Better Value Stock Right Now? — Comparativa genérica de valor sin información nueva sobre Banorte.
  • GBOOY vs. COIN: Which Stock Is the Better Value Option? — Comparativa de valor sin datos concretos que afecten a los fundamentales de Banorte.
  • Grupo Financiero Banorte SAB de CV (GBOOF) Q1 2026 Earnings Call Highlights: Strong Consumer ... — Resultados del primer trimestre con fortaleza en consumo, ya comunicados al mercado; refuerza la tesis de calidad del negocio.
  • GBOOY vs. BAM: Which Stock Should Value Investors Buy Now? — Comparativa de valor sin información sustancial para Banorte.
  • Is Grupo Financiero Banorte (GBOOY) Stock Undervalued Right Now? — Artículo de opinión de Zacks sin datos nuevos; no aporta información material.

Verdict: Hold; the high dividend yield compensates for weak growth, but governance risk limits upside potential.

Main risk: Governance risk in Mexico: potential state intervention in the financial sector and weak institutions could affect returns for minority shareholders.

Other Financial Services companies

Neighbours in the sector ranking, to compare without going back to the index.

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Automatically generated analysis from fundamental, market and news data. Not personalised financial advice — a research tool, not an individual recommendation. Past performance does not guarantee future results. Last update of this analysis: 2026-09-28. Legal notice, privacy & cookies.