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Banco Santander Mexico SA Institucion de Banca Multiple Grupo (BSMX) Stock Fundamental Analysis

NYSE:BSMX - New York Stock Exchange, Inc. - US05969B1035 - ADR - Currency: USD

5.46  +0.13 (+2.44%)

After market: 5.35 -0.11 (-2.01%)

Fundamental Rating

4

Overall BSMX gets a fundamental rating of 4 out of 10. We evaluated BSMX against 396 industry peers in the Banks industry. While BSMX is still in line with the averages on profitability rating, there are concerns on its financial health. BSMX is valued quite cheap, while showing a decent growth score. This is a good combination! Finally BSMX also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year BSMX was profitable.
In the past year BSMX had a positive cash flow from operations.
Each year in the past 5 years BSMX has been profitable.
In multiple years BSMX reported negative operating cash flow during the last 5 years.
BSMX Yearly Net Income VS EBIT VS OCF VS FCFBSMX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 0 20B -20B 40B -40B

1.2 Ratios

The Return On Assets of BSMX (2.53%) is better than 99.30% of its industry peers.
Looking at the Return On Equity, with a value of 28.08%, BSMX belongs to the top of the industry, outperforming 99.77% of the companies in the same industry.
Industry RankSector Rank
ROA 2.53%
ROE 28.08%
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
BSMX Yearly ROA, ROE, ROICBSMX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 5 10 15

1.3 Margins

BSMX has a Profit Margin of 25.43%. This is in the lower half of the industry: BSMX underperforms 62.00% of its industry peers.
In the last couple of years the Profit Margin of BSMX has grown nicely.
The Operating Margin and Gross Margin are not available for BSMX so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 25.43%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.15%
PM growth 5Y2.57%
GM growth 3YN/A
GM growth 5YN/A
BSMX Yearly Profit, Operating, Gross MarginsBSMX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 5 10 15 20

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1

2. Health

2.1 Basic Checks

BSMX does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, BSMX has about the same amount of shares outstanding.
The debt/assets ratio for BSMX is higher compared to a year ago.
BSMX Yearly Shares OutstandingBSMX Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 200M 400M 600M 800M 1B
BSMX Yearly Total Debt VS Total AssetsBSMX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 500B 1T 1.5T

2.2 Solvency

The Debt to FCF ratio of BSMX is 14.73, which is on the high side as it means it would take BSMX, 14.73 years of fcf income to pay off all of its debts.
BSMX's Debt to FCF ratio of 14.73 is in line compared to the rest of the industry. BSMX outperforms 55.94% of its industry peers.
BSMX has a Debt/Equity ratio of 0.80. This is a neutral value indicating BSMX is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.80, BSMX is not doing good in the industry: 73.19% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.8
Debt/FCF 14.73
Altman-Z N/A
ROIC/WACCN/A
WACC7.02%
BSMX Yearly LT Debt VS Equity VS FCFBSMX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 0 50B -50B 100B 150B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
BSMX Yearly Current Assets VS Current LiabilitesBSMX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 100B 200B 300B 400B

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6

3. Growth

3.1 Past

BSMX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 46.84%, which is quite impressive.
Measured over the past years, BSMX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.34% on average per year.
Looking at the last year, BSMX shows a very strong growth in Revenue. The Revenue has grown by 92.10%.
The Revenue has been growing slightly by 5.74% on average over the past years.
EPS 1Y (TTM)46.84%
EPS 3Y7.58%
EPS 5Y8.34%
EPS Q2Q%20.34%
Revenue 1Y (TTM)92.1%
Revenue growth 3Y3.19%
Revenue growth 5Y5.74%
Sales Q2Q%324.02%

3.2 Future

BSMX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.83% yearly.
BSMX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.69% yearly.
EPS Next Y6.69%
EPS Next 2Y4.49%
EPS Next 3Y5.83%
EPS Next 5YN/A
Revenue Next Year16.62%
Revenue Next 2Y11.48%
Revenue Next 3Y11.69%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
BSMX Yearly Revenue VS EstimatesBSMX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B
BSMX Yearly EPS VS EstimatesBSMX Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

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8

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 4.92, the valuation of BSMX can be described as very cheap.
84.85% of the companies in the same industry are more expensive than BSMX, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.68. BSMX is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 4.61 indicates a rather cheap valuation of BSMX.
Based on the Price/Forward Earnings ratio, BSMX is valued cheaper than 90.44% of the companies in the same industry.
BSMX's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.50.
Industry RankSector Rank
PE 4.92
Fwd PE 4.61
BSMX Price Earnings VS Forward Price EarningsBSMX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, BSMX is valued cheaper than 87.18% of the companies in the same industry.
Industry RankSector Rank
P/FCF 4.03
EV/EBITDA N/A
BSMX Per share dataBSMX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.74
PEG (5Y)0.59
EPS Next 2Y4.49%
EPS Next 3Y5.83%

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5. Dividend

5.1 Amount

BSMX has a Yearly Dividend Yield of 6.13%, which is a nice return.
BSMX's Dividend Yield is rather good when compared to the industry average which is at 3.34. BSMX pays more dividend than 81.59% of the companies in the same industry.
BSMX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
Industry RankSector Rank
Dividend Yield 6.13%

5.2 History

On average, the dividend of BSMX grows each year by 14.94%, which is quite nice.
BSMX has been paying a dividend for over 5 years, so it has already some track record.
BSMX has decreased its dividend recently.
Dividend Growth(5Y)14.94%
Div Incr Years1
Div Non Decr Years1
BSMX Yearly Dividends per shareBSMX Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2021 2022 0.5 1 1.5

5.3 Sustainability

BSMX pays out 38.30% of its income as dividend. This is a sustainable payout ratio.
BSMX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP38.3%
EPS Next 2Y4.49%
EPS Next 3Y5.83%
BSMX Yearly Income VS Free CF VS DividendBSMX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 0 20B -20B 40B -40B
BSMX Dividend Payout.BSMX Dividend Payout, showing the Payout Ratio.BSMX Dividend Payout.PayoutRetained Earnings

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Banco Santander Mexico SA Institucion de Banca Multiple Grupo

NYSE:BSMX (5/4/2023, 8:04:01 PM)

After market: 5.35 -0.11 (-2.01%)

5.46

+0.13 (+2.44%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-26 2023-04-26/amc
Earnings (Next)07-26 2023-07-26/amc
Inst OwnersN/A
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap7.41B
Analysts44.44
Price Target6.57 (20.33%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.13%
Yearly Dividend2.63
Dividend Growth(5Y)14.94%
DP38.3%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)14.55%
Min EPS beat(2)0.14%
Max EPS beat(2)28.95%
EPS beat(4)3
Avg EPS beat(4)10.71%
Min EPS beat(4)-1.05%
Max EPS beat(4)28.95%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)168.31%
Min Revenue beat(2)12.19%
Max Revenue beat(2)324.43%
Revenue beat(4)4
Avg Revenue beat(4)87.36%
Min Revenue beat(4)3.49%
Max Revenue beat(4)324.43%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-4.76%
PT rev (3m)-7.38%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.65%
EPS NY rev (1m)4.3%
EPS NY rev (3m)7.49%
Revenue NQ rev (1m)2.18%
Revenue NQ rev (3m)1.57%
Revenue NY rev (1m)3.22%
Revenue NY rev (3m)4.38%
Valuation
Industry RankSector Rank
PE 4.92
Fwd PE 4.61
P/S 0.71
P/FCF 4.03
P/OCF 3.3
P/B 0.79
P/tB 0.84
EV/EBITDA N/A
EPS(TTM)1.11
EY20.33%
EPS(NY)1.18
Fwd EY21.68%
FCF(TTM)1.36
FCFY24.84%
OCF(TTM)1.66
OCFY30.33%
SpS7.67
BVpS6.95
TBVpS6.5
PEG (NY)0.74
PEG (5Y)0.59
Profitability
Industry RankSector Rank
ROA 2.53%
ROE 28.08%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 25.43%
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.15%
PM growth 5Y2.57%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 0.8
Debt/FCF 14.73
Debt/EBITDA N/A
Cap/Depr 146.26%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 69.49%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC7.02%
ROIC/WACCN/A
Cap/Depr(3y)136.5%
Cap/Depr(5y)157.79%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)46.84%
EPS 3Y7.58%
EPS 5Y8.34%
EPS Q2Q%20.34%
EPS Next Y6.69%
EPS Next 2Y4.49%
EPS Next 3Y5.83%
EPS Next 5YN/A
Revenue 1Y (TTM)92.1%
Revenue growth 3Y3.19%
Revenue growth 5Y5.74%
Sales Q2Q%324.02%
Revenue Next Year16.62%
Revenue Next 2Y11.48%
Revenue Next 3Y11.69%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y375.33%
FCF growth 3Y-0.44%
FCF growth 5YN/A
OCF growth 1Y773.15%
OCF growth 3Y0.24%
OCF growth 5YN/A