Grupo Financiero Banorte
Major bank in mexico, based in monterrey.
Launch date
Employees
Market cap
$20.0b
Enterprise valuation
$20.0b (Public information from Sep 2024)
Share price
$6.84 GFNORTEO.MX
Monterrey Nuevo León (HQ)
Financials
Estimates*
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 7.0b | 7.9b | 8.8b | 9.6b | 7.4b | 7.9b | 8.3b |
| % growth | 4 % | 12 % | 12 % | 10 % | (23 %) | 6 % | 5 % |
| Profit | 1.5b | 1.7b | 2.2b | 2.6b | 2.8b | 2.9b | 3.0b |
| % profit margin | 21 % | 22 % | 25 % | 27 % | 38 % | 37 % | 36 % |
| EV / revenue | 2.2x | 2.4x | 2.2x | 2.5x | 2.6x | 2.4x | 2.3x |
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | N/A | IPO | |
* | N/A | $763m | Post IPO Debt |
| Total Funding | - | ||
Related Content
Recent News about Grupo Financiero Banorte
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Investments by Grupo Financiero Banorte
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ACQUISITION by Grupo Financiero Banorte Oct 2017
exited
ACQUISITION by Grupo Financiero Banorte Apr 2006
BUYOUT by DHS Ventures Jan 2021
