Grupo Financiero Galicia S.A. (GGAL) vs International Bancshares Corporation (IBOC)

Grupo Financiero Galicia S.A. and International Bancshares Corporation are both Banks Regional companies. Grupo Financiero Galicia S.A. and International Bancshares Corporation are of similar size ($4.3B and $4.0B). International Bancshares Corporation trades at the lower P/E: 10.1× against 15.2×. International Bancshares Corporation grew revenue faster over the last twelve months: 2.21% against −65.4%. International Bancshares Corporation has the higher net margin (39.1% vs 7.53%) and the higher return on invested capital (12.2% vs −76.1%). Across the 18 metrics below, International Bancshares Corporation leads on 10 and Grupo Financiero Galicia S.A. on 8.

Valuation

Metric GGAL IBOC Banks Regional median
P/E 15.21 10.09 12.02
P/S 1.20 3.95 2.36
P/B 0.80 1.27 1.23
Price to free cash flow 0.70 9.12 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 6.58% 9.91% 8.21%
Free cash flow yield 143.09% 10.96% 9.23%

Profitability

Metric GGAL IBOC Banks Regional median
Gross margin 84.41% 81.15% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 7.53% 39.12% 18.82%
Free cash flow margin 0.00% 43.26% 17.97%
Return on equity 0.00% 12.97% 10.28%
Return on assets 1.00% 2.48% 1.13%
Return on invested capital (76.07%) 12.18% 8.45%

Growth

Metric GGAL IBOC Banks Regional median
Revenue growth (TTM) (65.36%) 2.21% 6.37%
EPS growth (last fiscal year) (91.19%) 0.76% 18.85%
Revenue growth, 5-year CAGR 19.31% 12.83% 12.65%
Net income growth, 5-year CAGR (13.82%) 19.77% 9.81%

Health

Metric GGAL IBOC Banks Regional median
Debt to equity 0.00 0.04 0.17
Current ratio 1.08 0.00 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric GGAL IBOC Banks Regional median
Dividend yield — 2.15% 2.49%
Payout ratio — 0.22 0.29

Size

Metric GGAL IBOC Banks Regional median
Market cap 3.96b 4.25b 934.85m

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