Grupo Financiero Inbursa, S.A.B. de C.V. (4FY.F)

Grupo Financiero Inbursa, S.A.B. de C.V. (4FY.F) — VMCI valuation read

Headline read on 4FY.F: VMCI of 60/100 versus a Financial Services sector median of 50. The 10-point above-median position is what makes Grupo Financiero Inbursa, S.A.B. de C.V. a relative-value candidate in the mid-cap cohort, before any pillar-level review.

Form 4 filings on 4FY.F: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on 4FY.F: value (4FY.F trades at 15.0x earnings, 17% below the Financial Services median of 18.0x), quality (ROIC of 15.0% sits 5.0pp above the Financial Services median (10.0%)), and risk (net debt to EBITDA of 1.6x is the rate-sensitivity line to watch). The value read also implies an EV/EBITDA gap of +4.0x against the Financial Services 12.0x baseline.

4FY.F rose 1.8% over the trailing 7 days, with a -4.3% read on a 30-day basis.