Added to YB: 2024-07-23
Pitch date: 2024-07-22
FINDEP.MX [bullish]
Financiera Independencia S.A.B. de C.V. SOFOM E.N.R.
Author Info
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Company Info
Financiera Independencia S.A.B. de C.V. SOFOM E.N.R., a non-bank entity, offers micro-lending services in Mexico and internationally.
Market Cap
MXN 2.9B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Consumer Finance
Category
value
Mexican bottler magic & retail gem. All Mexican stocks P6. - Financiera Independencia
FINDEP.MX: Mexican/US personal lender for low-income. $3.2B MXN mkt cap, 5.3B equity, 710M net income. 50% loan growth 2009-23. Strong balance sheet (50%+ equity/assets). Q1 '24: income +7.6%, NPL 5.7%, loans -7%. 48% interest rates. Trades at 4.5x P/E, below book. Risks: high rates, unknown controller, no dividends since 2016.
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