Financials Banco del Bajío, S.A., Institución de Banca Múltiple

Equities

BBAJIO O

MX41BB000000

Banks

End-of-day quote Mexican S.E. 06:00:00 2024-05-16 pm EDT 5-day change 1st Jan Change
63.52 MXN 0.00% Intraday chart for Banco del Bajío, S.A., Institución de Banca Múltiple +2.12% +11.83%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 37,685 32,461 43,789 73,240 67,588 75,584 - -
Enterprise Value (EV) 1 37,685 32,461 43,789 73,240 67,588 75,584 75,584 75,584
P/E ratio 6.72 x 9.44 x 9.11 x 9.11 x 6.09 x 7 x 7.3 x 7.58 x
Yield - 6.97% 5.5% 6.6% - 9.17% 7.88% 7.43%
Capitalization / Revenue 2.51 x 2.39 x 3.13 x 3.96 x 2.71 x 2.91 x 2.92 x 2.81 x
EV / Revenue 2.51 x 2.39 x 3.13 x 3.96 x 2.71 x 2.91 x 2.92 x 2.81 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.19 x 0.93 x 1.16 x 1.99 x - 1.72 x 1.61 x 1.51 x
Nbr of stocks (in thousands) 1,189,932 1,189,932 1,189,932 1,189,932 1,189,932 1,189,932 - -
Reference price 2 31.67 27.28 36.80 61.55 56.80 63.52 63.52 63.52
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/30/24 - - -
1MXN in Million2MXN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 14,998 13,606 13,968 18,508 24,895 25,948 25,907 26,936
EBITDA - - - - - - - -
EBIT 1 7,647 4,407 5,757 11,547 16,815 13,217 14,234 15,807
Operating Margin 50.99% 32.39% 41.22% 62.39% 67.54% 50.94% 54.94% 58.68%
Earnings before Tax (EBT) 1 7,654 4,415 5,759 10,445 15,144 14,815 14,317 14,197
Net income 1 5,613 3,436 4,806 8,041 11,091 10,822 10,210 9,877
Net margin 37.43% 25.25% 34.41% 43.45% 44.55% 41.71% 39.41% 36.67%
EPS 2 4.710 2.890 4.039 6.758 9.320 9.076 8.705 8.380
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - 1.901 2.023 4.061 - 5.824 5.008 4.720
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/30/24 - - -
1MXN in Million2MXN
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 3,824 3,725 4,196 4,788 5,799 5,849 6,139 6,206 6,701 6,378 6,528 6,476 6,581 6,472 6,555
EBITDA - - - - - - - - - - - - - - -
EBIT - - - - 3,923 - - - - - - - - - -
Operating Margin - - - - 67.65% - - - - - - - - - -
Earnings before Tax (EBT) 1,724 1,996 2,320 2,700 3,429 3,655 3,809 3,758 3,922 - - - - - -
Net income 1 1,541 1,526 1,811 2,109 2,595 2,691 2,782 2,755 2,863 2,779 2,731 2,678 2,618 2,452 2,440
Net margin 40.3% 40.97% 43.16% 44.05% 44.75% 46.01% 45.32% 44.39% 42.72% 43.57% 41.84% 41.35% 39.79% 37.89% 37.23%
EPS 2 1.295 1.000 1.522 1.770 2.180 2.260 2.340 2.320 2.410 2.340 2.294 2.250 2.203 2.060 2.051
Dividend per Share 2 - - - - - - - - - - 3.041 - 2.683 - 3.589
Announcement Date 1/26/22 4/27/22 7/27/22 10/26/22 1/25/23 4/26/23 7/26/23 10/25/23 1/30/24 4/24/24 - - - - -
1MXN in Million2MXN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 18.6% 10.3% 13.2% 21.5% 28.2% 24.7% 21.2% 19.4%
ROA (Net income/ Total Assets) 2.43% 1.34% 1.74% 2.74% 3.4% 2.95% 2.68% 2.44%
Assets 1 231,005 256,782 276,207 293,050 326,206 366,848 380,973 405,630
Book Value Per Share 2 26.60 29.30 31.80 30.90 - 36.90 39.40 42.10
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/30/24 - - -
1MXN in Million2MXN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
63.52 MXN
Average target price
69 MXN
Spread / Average Target
+8.63%
Consensus
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