Company Valuation: Grupo Nacional Provincial, S.A.B.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 27,743 27,965 26,177 31,323 25,902 26,849
Change - 0.8% -6.39% 19.66% -17.31% 3.65%
Enterprise Value (EV) 1 26,672 26,963 25,265 30,384 25,022 24,734
Change - 1.09% -6.3% 20.26% -17.65% -1.15%
P/E 7.42x 17.3x 9.96x 7.82x 7.28x 18.3x
PBR 1.67x 1.8x 1.76x 1.71x 1.38x 1.19x
PEG - -0.3x 0.2x 0.1x -0.7x -0.3x
Capitalization / Revenue 0.4x 0.38x 0.32x 0.34x 0.25x 0.23x
EV / Revenue 0.39x 0.37x 0.31x 0.33x 0.24x 0.22x
EV / EBITDA 4.73x 10.7x 5.02x 4.76x 4.95x 7.3x
EV / EBIT 4.87x 12.3x 6.06x 5.13x 4.99x 9.89x
EV / FCF -26.1x 33.6x -43.8x 10.3x -2.51x -13.6x
FCF Yield -3.83% 2.97% -2.28% 9.68% -39.8% -7.35%
Dividend per Share 2 12.69 9.16 - 4.5 7.95 3.97
Rate of return 10.2% 7.33% - 3.21% 6.87% 3.31%
EPS 2 16.7 7.219 11.75 17.89 15.9 6.566
Distribution rate 76% 127% - 25.2% 50% 60.5%
Net sales 1 68,593 73,730 81,800 91,513 104,485 114,957
EBITDA 1 5,638 2,509 5,030 6,386 5,058 3,389
EBIT 1 5,480 2,199 4,172 5,922 5,015 2,500
Net income 1 3,743 1,618 2,633 4,010 3,563 1,469
Net Debt 1 -1,071 -1,002 -912 -939 -880 -2,115
Reference price 2 124.00 124.99 117.00 140.00 115.77 120.00
Nbr of stocks (in thousands) 223,738 223,738 223,738 223,738 223,738 223,738
Announcement Date 12/03/21 29/04/22 02/03/23 24/04/24 25/02/25 28/02/26
1MXN in Million2MXN
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.22B
6.51x4.93x - 5.54% 129B
4.06x1.36x - 4.72% 130B
11.95x - - 3% 93.35B
15.52x - - 3.13% 73.54B
13.31x1.02x1.03x4.37% 71.28B
14.46x - - 3.74% 68.11B
12.58x - - 2.37% 62.8B
16.94x3.2x - 2.03% 60.42B
17.15x - - 2.99% 57.53B
Average 12.50x 2.63x 1.03x 3.54% 74.76B
Weighted average by Cap. 11.20x 2.76x 1.03x 3.82%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Grupo Nacional Provincial, S.A.B.

Historical PBR trend

Valuation ratios - PBR - Grupo Nacional Provincial, S.A.B.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Grupo Nacional Provincial, S.A.B.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Grupo Nacional Provincial, S.A.B.

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