Grupo Financiero Banorte, S.A.B. de C.V.

Factors to consider:

• Company pays dividends (semi-annually): last record date 2025-12-08, amount 0.38$ (Y6.35%)
• Current price 54.9% above estimated high
• Earnings for 9 months up through Q3 are below our estimates

Stock Forecast*

* forecast is subjective and experimental, should not be used for any investment decisions

Long term estimates were made for the period from 2024-12-31 to 2026-12-31

• 2024-12-31 to 2025-12-31 estimated range: [4.42$, 7.68$]
• 2025-12-31 to 2026-12-31 estimated range: [4.52$, 7.72$]

Financial Metrics affecting the GBOOF estimates:

• Positive: with PPE of 0.4 at the end of fiscal year the price was low
• Positive: Operating profit margin, % of 42.72 > 18.34
• Negative: Shareholder equity ratio, % of 10.09 <= 19.41
• Positive: 6.66 < Operating cash flow per share per price, % of 7.33
• Positive: Industry operating cash flow per share per price (median), % of 10.64 > 10.21
• Positive: 1.84 < Return on assets ratio (scaled to [-100,100]) of 2.22
• Positive: -4.43 < Investing cash flow per share per price, % of -1.04
• Negative: Interest expense per share per price, % of 69.41 > 3.31
• Negative: -0.75 < Inventory ratio change, % of 0