Risk factor
Good trading liquidity
Profitability factor
Excellent dividends
About
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.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. Specifically, the stock is fairly valued on P/E. Editor's note:
Target Price
The average target price of GFNORTEO.MX is 221 and suggests 11.2% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recomme