Calculating The Intrinsic Value Of Fomento Económico Mexicano, S.A.B. de C.V. (BMV:FEMSAUBD)
Apr 30
Mexican (IPC) Market Analysis & Valuation
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies118
- 7D0.2%
- 3M-2.2%
- 1Y1.8%
- YTD-1.7%
In the last week, the market has stayed flat, however the Healthcare sector stood out, gaining 11%. As for the longer term, the market has also been flat over the past year. Looking forward, earnings are forecast to grow by 12% annually.
Market Valuation and Performance
Has the Mexican Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | Mex$9.4t | Mex$7.1t | Mex$569.5b | 13.4x | 16.5x | 1.3x |
| Sat, 30 Mar 2024 | Mex$9.7t | Mex$7.1t | Mex$582.6b | 13.8x | 16.6x | 1.4x |
| Mon, 26 Feb 2024 | Mex$9.7t | Mex$7.2t | Mex$583.7b | 13.7x | 16.6x | 1.3x |
| Wed, 24 Jan 2024 | Mex$9.4t | Mex$7.4t | Mex$662.6b | 12.8x | 14.3x | 1.3x |
| Fri, 22 Dec 2023 | Mex$9.7t | Mex$7.4t | Mex$656.7b | 13x | 14.8x | 1.3x |
| Sun, 19 Nov 2023 | Mex$9.0t | Mex$7.4t | Mex$656.9b | 11.8x | 13.7x | 1.2x |
| Tue, 17 Oct 2023 | Mex$8.7t | Mex$7.5t | Mex$664.3b | 12.3x | 13.1x | 1.2x |
| Thu, 14 Sep 2023 | Mex$9.1t | Mex$7.5t | Mex$659.4b | 12.9x | 13.8x | 1.2x |
| Sat, 12 Aug 2023 | Mex$9.3t | Mex$7.5t | Mex$659.9b | 13.2x | 14.1x | 1.3x |
| Mon, 10 Jul 2023 | Mex$9.3t | Mex$7.3t | Mex$636.5b | 13.7x | 14.6x | 1.3x |
| Wed, 07 Jun 2023 | Mex$9.2t | Mex$7.3t | Mex$637.9b | 13.3x | 14.5x | 1.3x |
| Fri, 05 May 2023 | Mex$9.5t | Mex$7.4t | Mex$669.5b | 12.9x | 14.2x | 1.3x |
| Sun, 02 Apr 2023 | Mex$9.5t | Mex$7.2t | Mex$660.7b | 12x | 14.4x | 1.3x |
| Tue, 28 Feb 2023 | Mex$9.4t | Mex$7.4t | Mex$668.5b | 11.4x | 14x | 1.3x |
| Thu, 26 Jan 2023 | Mex$9.7t | Mex$7.2t | Mex$661.7b | 12x | 14.6x | 1.3x |
| Sat, 24 Dec 2022 | Mex$9.1t | Mex$7.3t | Mex$649.0b | 11.7x | 14x | 1.2x |
| Mon, 21 Nov 2022 | Mex$9.2t | Mex$7.3t | Mex$649.7b | 11.5x | 14.1x | 1.3x |
| Wed, 19 Oct 2022 | Mex$8.4t | Mex$7.2t | Mex$627.2b | 10.8x | 13.4x | 1.2x |
| Fri, 16 Sep 2022 | Mex$8.5t | Mex$7.2t | Mex$626.7b | 11.3x | 13.5x | 1.2x |
| Sun, 14 Aug 2022 | Mex$8.8t | Mex$7.2t | Mex$625.8b | 11.6x | 14.1x | 1.2x |
| Tue, 12 Jul 2022 | Mex$8.6t | Mex$7.0t | Mex$636.5b | 12x | 13.5x | 1.2x |
| Thu, 09 Jun 2022 | Mex$8.7t | Mex$6.8t | Mex$618.0b | 12.1x | 14.1x | 1.3x |
| Sat, 07 May 2022 | Mex$8.6t | Mex$6.9t | Mex$624.1b | 12.1x | 13.8x | 1.3x |
| Mon, 04 Apr 2022 | Mex$9.7t | Mex$6.7t | Mex$568.1b | 14.7x | 17.1x | 1.5x |
| Wed, 02 Mar 2022 | Mex$9.2t | Mex$6.7t | Mex$590.6b | 13.5x | 15.6x | 1.4x |
| Fri, 28 Jan 2022 | Mex$8.7t | Mex$6.6t | Mex$582.5b | 13.5x | 14.9x | 1.3x |
| Sun, 26 Dec 2021 | Mex$9.1t | Mex$6.6t | Mex$576.5b | 14x | 15.7x | 1.4x |
| Tue, 23 Nov 2021 | Mex$8.7t | Mex$6.6t | Mex$577.7b | 12.8x | 15x | 1.3x |
| Thu, 21 Oct 2021 | Mex$9.0t | Mex$6.5t | Mex$526.0b | 13x | 17x | 1.4x |
| Sat, 18 Sep 2021 | Mex$8.8t | Mex$6.5t | Mex$527.6b | 13x | 16.7x | 1.4x |
| Mon, 16 Aug 2021 | Mex$9.8t | Mex$6.4t | Mex$530.1b | 13.4x | 18.5x | 1.5x |
| Mon, 31 May 2021 | Mex$9.5t | Mex$6.1t | Mex$399.7b | 14.9x | 23.9x | 1.6x |
Price to Earnings Ratio
23x
Current Market PE
- Investors are relatively neutral on the Mexican market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 15.0x.
Past Earnings Growth
- The earnings for Mexican listed companies have grown 13% per year over the last three years.
- Revenues for these companies have grown 4.9% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Mexican Market?
| MX Market | 0.24% | |
| Healthcare | 11.38% | |
| Telecom | 3.87% | |
| Energy | 1.35% | |
| Materials | 1.30% | |
| Industrials | 0.67% | |
| Utilities | 0.34% | |
| Tech | 0% | |
| Consumer Staples | -0.64% | |
| Financials | -1.01% | |
| Consumer Discretionary | -1.80% | |
| Real Estate | -1.85% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 12.0x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 15.6%, which is higher than its past year's earnings growth of 11.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings decline of 9.4% per year.
- In contrast, the Real Estate sector is expected to see its earnings decline by 22% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| GMEXICO B Grupo México. de | Mex$105.85 | 5.4% +Mex$41.9b | 19.9% | PE15x | Materials | |
| AMX B América Móvil. de | Mex$16.31 | 4.2% +Mex$40.3b | -15.0% | PE17x | Telecom | |
| BIMBO A Grupo Bimbo. de | Mex$71.78 | 3.2% +Mex$9.3b | -24.6% | PE22.8x | Consumer Staples | |
| FEMSA UBD Fomento Económico Mexicano. de | Mex$200.41 | 1.3% +Mex$9.1b | 15.3% | PE26x | Consumer Staples | |
| FMTY 14 Fibra MtyP.I. de | Mex$10.15 | 1.5% +Mex$7.2b | -16.1% | PB0.9x | Real Estate |
