Analysts Are Betting On Grupo Financiero Inbursa, S.A.B. de C.V. (BMV:GFINBURO) With A Big Upgrade This Week
Apr 27
Mexican (IPC) Banks Industry Analysis
UpdatedMay 12, 2024
DataAggregated Company Financials
Companies6
- 7D1.0%
- 3M-4.8%
- 1Y6.1%
- YTD3.2%
The Banks is pretty flat in the last 7 days, but Grupo Financiero Inbursa. de has stood out, gaining 3.6%. As for the the longer term, the industry is up 6.1% over the past 12 months. Earnings are forecast to grow by 6.6% annually.
Industry Valuation and Performance
Has the Mexican Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 13 May 2024 | Mex$1.3t | Mex$299.9b | Mex$108.3b | 9.4x | 12x | 4.3x |
| Wed, 10 Apr 2024 | Mex$1.2t | Mex$296.4b | Mex$106.1b | 9.5x | 11.4x | 4.1x |
| Fri, 08 Mar 2024 | Mex$1.3t | Mex$302.6b | Mex$106.8b | 9.6x | 12.4x | 4.4x |
| Sun, 04 Feb 2024 | Mex$1.5t | Mex$385.8b | Mex$134.9b | 9.4x | 11.1x | 3.9x |
| Tue, 02 Jan 2024 | Mex$1.4t | Mex$380.2b | Mex$132.7b | 9.3x | 10.8x | 3.8x |
| Thu, 30 Nov 2023 | Mex$1.4t | Mex$380.2b | Mex$132.7b | 8.3x | 10.3x | 3.6x |
| Sat, 28 Oct 2023 | Mex$1.2t | Mex$370.3b | Mex$129.7b | 7.1x | 8.9x | 3.1x |
| Mon, 25 Sep 2023 | Mex$1.2t | Mex$362.8b | Mex$123.8b | 8x | 9.4x | 3.2x |
| Wed, 23 Aug 2023 | Mex$1.2t | Mex$362.8b | Mex$123.8b | 7.8x | 9.3x | 3.2x |
| Fri, 21 Jul 2023 | Mex$1.2t | Mex$352.1b | Mex$113.3b | 8x | 10.8x | 3.5x |
| Sun, 18 Jun 2023 | Mex$1.2t | Mex$352.1b | Mex$113.3b | 8x | 10.7x | 3.4x |
| Tue, 16 May 2023 | Mex$1.2t | Mex$352.1b | Mex$113.3b | 8.4x | 10.9x | 3.5x |
| Thu, 13 Apr 2023 | Mex$1.2t | Mex$338.5b | Mex$100.5b | 8.9x | 11.8x | 3.5x |
| Sat, 11 Mar 2023 | Mex$1.2t | Mex$419.0b | Mex$100.5b | 9.7x | 11.8x | 2.8x |
| Mon, 06 Feb 2023 | Mex$1.2t | Mex$341.1b | Mex$103.4b | 10.1x | 11.8x | 3.6x |
| Wed, 04 Jan 2023 | Mex$1.1t | Mex$330.5b | Mex$96.3b | 9.3x | 11.6x | 3.4x |
| Fri, 02 Dec 2022 | Mex$1.2t | Mex$330.5b | Mex$96.3b | 10x | 12.1x | 3.5x |
| Sun, 30 Oct 2022 | Mex$1.2t | Mex$323.7b | Mex$92.5b | 9.6x | 12.6x | 3.6x |
| Tue, 27 Sep 2022 | Mex$1.0t | Mex$317.3b | Mex$92.7b | 8.7x | 11.1x | 3.3x |
| Thu, 25 Aug 2022 | Mex$1.1t | Mex$317.3b | Mex$92.7b | 8.9x | 11.5x | 3.3x |
| Sat, 23 Jul 2022 | Mex$1.0t | Mex$304.4b | Mex$94.6b | 9.2x | 10.9x | 3.4x |
| Mon, 20 Jun 2022 | Mex$1.0t | Mex$304.4b | Mex$94.6b | 8.7x | 10.6x | 3.3x |
| Wed, 18 May 2022 | Mex$1.1t | Mex$304.4b | Mex$94.5b | 10.3x | 11.6x | 3.6x |
| Fri, 15 Apr 2022 | Mex$1.2t | Mex$288.0b | Mex$95.5b | 11.8x | 12.3x | 4.1x |
| Sun, 13 Mar 2022 | Mex$1.2t | Mex$286.3b | Mex$95.7b | 11.7x | 12.1x | 4x |
| Tue, 08 Feb 2022 | Mex$1.1t | Mex$281.5b | Mex$97.3b | 11.1x | 11.6x | 4x |
| Thu, 06 Jan 2022 | Mex$1.1t | Mex$275.1b | Mex$89.5b | 11.1x | 12.4x | 4x |
| Sat, 04 Dec 2021 | Mex$1.1t | Mex$275.1b | Mex$89.5b | 10.3x | 12.2x | 4x |
| Mon, 01 Nov 2021 | Mex$1.1t | Mex$275.5b | Mex$89.6b | 11.2x | 12.6x | 4.1x |
| Wed, 29 Sep 2021 | Mex$1.1t | Mex$268.7b | Mex$84.6b | 11.8x | 13.1x | 4.1x |
| Fri, 27 Aug 2021 | Mex$1.1t | Mex$268.7b | Mex$84.6b | 11.6x | 13x | 4.1x |
| Sat, 03 Jul 2021 | Mex$1.1t | Mex$268.7b | Mex$84.6b | 11.5x | 13.2x | 4.1x |
Price to Earnings Ratio
16x
Current Industry PE
- Investors are relatively neutral on the Mexican Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 11.6x.
- The 3-year average PS ratio of 3.7x is lower than the industry's current PS ratio of 4.3x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 15% per year over the last three years.
- Revenues for these companies have grown 4.8% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Mexican Financials industry?
| MX Market | 1.58% | |
| Financials | 0.65% | |
| Banks | 1.00% | |
| Diversified Banks | 1.26% | |
| Regional Banks | -0.79% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 12.1x.
- Analysts are expecting annual earnings growth of 9.1%, which is lower than the prior year's growth of 20.7% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 11.6x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 9.1% over the next 5 years.
- However this is lower than its past earnings growth rate of 21% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 6.5% 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 | |
|---|---|---|---|---|---|
| GFINBUR O Grupo Financiero Inbursa. de | Mex$50.50 | 3.6% +Mex$10.7b | 17.7% | PB1.3x | |
| GFNORTE O Grupo Financiero Banorte. de | Mex$175.73 | 1.4% +Mex$6.9b | 17.7% | PB1.9x | |
| ELEKTRA * Grupo Elektra. de | Mex$1.12k | 0.7% +Mex$1.8b | -6.9% | PB2.7x |