Added to YB: 2024-09-25
Pitch date: 2024-09-23
GNP.MX [neutral]
Grupo Nacional Provincial, S.A.B.
Author Info
Bos Invest is a Dutch investor using fundamental analysis and a total return approach. Sign up for their newsletter.
Company Info
Grupo Nacional Provincial, S.A.B. provides various insurance products in Mexico. It offers car and motorcycle, medical expenses, life, education, retirement and savings, home, condominiums - common areas, damage, property, civil liability, transportation risk, accident, SSI, and RC officials and public servants insurance products.
Market Cap
MXN 31.3B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.26
P/E
6.66
EV/Sales
0.31
Sector
Insurance
Category
N/A
Real estate at 0.12x book & interesting financial companies. Mexico part 9. - Grupo Nacional Provincial
GNP.MX pass: Leading Mexican insurer, 12.5% market share, #3 in profitability. 4.7B pesos profit on 31.3B market cap. Concerns: decreasing market share, reliance on agents vs. tech, unclear transformation strategy. High interest rates beneficial. Controlled by Grupo Bal. Underwriting culture uncertain.
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