AVAL

MKT CAP:$5B

Grupo Aval Acciones y Valores S.A.

Market Cap

$5B

Financial Services·Banks - Regional· Colombia·NYSE

Financials·Banks - Regional·NYSE

Stock Price

$4.75+$0.71 (+17.57%)

Apr 21, 2026

Company Details

Grupo Aval Acciones y Valores S.A. provides a range of financial services and products to public and private sector customers in Colombia and Central America. It offers traditional deposit services and products, including checking accounts,...

CEO

Maria Lorena Gutierrez Botero

IPO Date

Sep 23, 2014

Website

www.grupoaval.com

Key Metrics TTM

Revenue

$10.4B

-3.8% YoY

Net Income

$285M

EPS (Diluted)

$0.24

Free Cash Flow

-$4.1B

Revenue / Share

$8.73

Gross Margin

30.6%

Operating Margin

8.5%

Net Margin

2.7%

FCF Margin

-39.8%

P/S

0.5x

P/E

18.9x

Earnings Reports

Q1 2025

May 11, 2026

PENDING

FY 2024

Apr 28, 2025

$10.4B-3.8%EPS $0.24

Q4 2024

Apr 28, 2025

$2.5B-9.1%EPS $0.07

Q3 2024

Sep 30, 2024

$2.6B-0.8%EPS $0.10

Q2 2024

Jun 28, 2024

$2.6B-3.0%EPS $0.05

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$2.1B	$1.2B	$569M
Q2 21	$1.5B	$922M	$486M
Q3 21	$1.4B	$935M	$512M
Q4 21	$2.3B	$1.4B	$526M
Q1 22	$1.6B	$894M	$565M
Q2 22	$1.8B	$969M	$504M
Q3 22	$2.0B	$898M	$402M
Q4 22	$2.3B	$842M	$233M
Q1 23	$2.8B	$965M	$443M
Q2 23	$2.7B	$784M	$227M
Q3 23	$2.6B	$668M	$134M
Q4 23	$2.7B	$680M	$174M
Q1 24	$2.7B	$720M	$196M
Q2 24	$2.6B	$780M	$214M
Q3 24	$2.6B	$850M	$300M
Q4 24	$2.5B	$819M	$169M

Valuation

Quarter	P/S	P/E
Q1 21	0.8x	10.0x
Q2 21	0.8x	7.6x
Q3 21	0.9x	7.2x
Q4 21	0.8x	6.3x
Q1 22	0.9x	5.0x
Q2 22	0.6x	3.8x
Q3 22	0.4x	3.1x
Q4 22	0.4x	4.0x
Q1 23	0.3x	8.6x
Q2 23	0.3x	14.8x
Q3 23	0.3x	32.0x
Q4 23	0.3x	15.0x
Q1 24	0.3x	22.8x
Q2 24	0.2x	19.7x
Q3 24	0.2x	10.5x
Q4 24	0.2x	8.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	-$279M	-$301M
Q2 21	$136M	$103M
Q3 21	$639M	$591M
Q4 21	-$780M	-$872M
Q1 22	-$2.4B	-$2.4B
Q2 22	$294M	$264M
Q3 22	-$1.1B	-$1.1B
Q4 22	-$2.3B	-$2.4B
Q1 23	-$1.4B	-$1.4B
Q2 23	-$991M	-$1.0B
Q3 23	$101M	$62M
Q4 23	-$375M	-$440M
Q1 24	-$1.2B	-$1.2B
Q2 24	-$2.1B	-$2.2B
Q3 24	$238M	$201M
Q4 24	-$839M	-$898M

Capital Expenditures

Quarter	CapEx
Q1 21	$22M
Q2 21	$32M
Q3 21	$49M
Q4 21	$91M
Q1 22	$16M
Q2 22	$30M
Q3 22	$42M
Q4 22	$65M
Q1 23	$25M
Q2 23	$44M
Q3 23	$38M
Q4 23	$65M
Q1 24	$41M
Q2 24	$49M
Q3 24	$37M
Q4 24	$59M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	-3.0%	-6.9%
Q2 21	-28.4%	-45.7%
Q3 21	-36.7%	-47.6%
Q4 21	-3.6%	-3.6%
Q1 22	-22.7%	-31.1%
Q2 22	+23.7%	+33.7%
Q3 22	+41.9%	+77.1%
Q4 22	+1.8%	+19.2%
Q1 23	+73.1%	+125.3%
Q2 23	+46.6%	+85.5%
Q3 23	+29.8%	+53.6%
Q4 23	+17.8%	+22.7%
Q1 24	-2.2%	+8.1%
Q2 24	-3.0%	-2.8%
Q3 24	-0.8%	-7.5%
Q4 24	-9.1%	-9.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 21	$637M
Q2 21	$401M
Q3 21	$405M
Q4 21	$771M
Q1 22	$329M
Q2 22	$434M
Q3 22	$467M
Q1 23	$522M
Q2 23	$524M
Q3 23	$493M
Q1 24	$521M
Q2 24	$536M
Q3 24	$509M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 21	$10.0B	$0	$10.0B
Q1 22	$4.6B	$6.7B	$11.3B
Q2 22	$6.0B	$6.5B	$12.5B
Q3 22	$5.0B	$6.4B	$11.5B
Q4 22	$4.5B	$0	$4.5B
Q1 23	$4.6B	$6.7B	$11.3B
Q2 23	$5.4B	$6.5B	$11.9B
Q3 23	$5.2B	$6.7B	$11.9B
Q4 23	$4.9B	$6.9B	$11.7B
Q1 24	$5.2B	$0	$5.2B
Q2 24	$5.4B	$7.6B	$13.0B
Q3 24	$5.4B	$7.3B	$12.7B
Q4 24	$4.4B	$8.0B	$12.3B
Q1 25	$5.4B	$8.4B	$13.8B
Q2 25	$5.2B	$8.6B	$13.8B
Q3 25	$5.1B	$9.2B	$14.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	1.11B	0.0%	+0.0%
Q2 21	1.11B	0.0%	+0.0%
Q3 21	1.11B	0.0%	+0.0%
Q4 21	1.11B	0.0%	0.0%
Q1 22	1.13B	+1.1%	+1.1%
Q2 22	1.14B	+1.1%	+2.2%
Q3 22	1.19B	+4.2%	+6.6%
Q4 22	1.19B	0.0%	+6.6%
Q1 23	1.19B	0.0%	+5.4%
Q2 23	1.19B	0.0%	+4.2%
Q3 23	1.19B	+0.0%	+0.0%
Q4 23	1.19B	0.0%	+0.0%
Q1 24	1.19B	0.0%	+0.0%
Q2 24	1.19B	0.0%	+0.0%
Q3 24	1.19B	0.0%	0.0%
Q4 24	1.19B	0.0%	0.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	$19.6K	105K
Q2 21	$14.0K	105K
Q3 21	$13.7K	105K
Q4 21	$21.2K	107K
Q1 22	$14.9K	107K
Q2 22	$17.0K	107K
Q3 22	$19.0K	107K
Q4 22	$29.9K	77K
Q1 23	$35.7K	77K
Q2 23	$34.6K	77K
Q3 23	$34.2K	77K
Q4 23	$36.7K	74K
Q1 24	$36.4K	74K
Q2 24	$34.9K	74K
Q3 24	$35.3K	74K
Q4 24	$35.1K	70K

Revenue / Employee