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Mexican (IPC) Market Analysis & Valuation

UpdatedSep 26, 2023
DataAggregated Company Financials
Companies138
  • 7D0.2%
  • 3M-2.4%
  • 1Y9.6%
  • YTD3.7%

In the last week, the market has stayed flat, however the Utilities sector stood out, gaining 3.2%. More promisingly, the market is up 9.6% over the past year. Earnings are forecast to grow by 8.8% annually.

Market Valuation and Performance

Has the Mexican Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 Sep 2023Mex$10.4tMex$8.6tMex$756.0b12.9x13.8x1.2x
Fri, 25 Aug 2023Mex$10.7tMex$8.5tMex$748.3b12.8x14.3x1.3x
Sun, 23 Jul 2023Mex$10.7tMex$8.4tMex$746.2b12.6x14.3x1.3x
Tue, 20 Jun 2023Mex$10.8tMex$8.4tMex$732.7b13.3x14.7x1.3x
Thu, 18 May 2023Mex$10.9tMex$8.4tMex$734.1b13.1x14.8x1.3x
Sat, 15 Apr 2023Mex$10.9tMex$8.2tMex$723.7b12.5x15x1.3x
Mon, 13 Mar 2023Mex$9.4tMex$7.5tMex$650.7b11.9x14.5x1.3x
Wed, 08 Feb 2023Mex$9.5tMex$7.4tMex$652.5b11.7x14.6x1.3x
Fri, 06 Jan 2023Mex$9.2tMex$7.4tMex$647.3b11.9x14.2x1.2x
Sun, 04 Dec 2022Mex$9.2tMex$7.4tMex$647.4b11.9x14.2x1.2x
Tue, 01 Nov 2022Mex$9.0tMex$8.4tMex$2.6t11.5x3.5x1.1x
Thu, 29 Sep 2022Mex$8.4tMex$7.2tMex$628.7b10.6x13.3x1.2x
Sat, 27 Aug 2022Mex$8.6tMex$7.2tMex$625.9b11.4x13.7x1.2x
Mon, 25 Jul 2022Mex$8.7tMex$7.1tMex$628.3b11.9x13.9x1.2x
Wed, 22 Jun 2022Mex$8.5tMex$6.9tMex$625.7b12.3x13.6x1.2x
Fri, 20 May 2022Mex$8.6tMex$6.9tMex$622.7b12x13.8x1.3x
Sun, 17 Apr 2022Mex$9.3tMex$6.7tMex$569.1b14.3x16.4x1.4x
Tue, 15 Mar 2022Mex$9.1tMex$6.7tMex$575.8b14.1x15.8x1.4x
Thu, 10 Feb 2022Mex$9.0tMex$6.6tMex$596.1b13.9x15.2x1.4x
Sat, 08 Jan 2022Mex$9.1tMex$6.6tMex$575.4b13.8x15.7x1.4x
Mon, 06 Dec 2021Mex$8.7tMex$6.7tMex$580.5b13.1x15x1.3x
Wed, 03 Nov 2021Mex$9.0tMex$6.7tMex$547.7b13.4x16.4x1.3x
Fri, 01 Oct 2021Mex$8.8tMex$6.5tMex$530.4b13.3x16.6x1.3x
Sun, 29 Aug 2021Mex$10.0tMex$6.4tMex$530.1b13.7x18.9x1.6x
Mon, 05 Jul 2021Mex$9.6tMex$6.4tMex$530.1b12.9x18.1x1.5x
Thu, 08 Apr 2021Mex$9.1tMex$6.1tMex$399.7b13.6x22.7x1.5x
Sun, 10 Jan 2021Mex$8.8tMex$6.1tMex$280.1b16.6x31.5x1.5x
Sat, 03 Oct 2020Mex$7.7tMex$6.1tMex$267.1b17.7x28.9x1.3x
Price to Earnings Ratio

28.9x


Total Market Cap: Mex$7.7tTotal Earnings: Mex$267.1bTotal Revenue: Mex$6.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Market Price to Earnings3Y Average 18.1x202120222023
Current Market PE
  • Investors are pessimistic on the Mexican market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 13.9x which is lower than its 3-year average PE of 18.1x.
Past Earnings Growth
  • The earnings for Mexican listed companies have grown 41% per year over the last three years.
  • Revenues for these companies have grown 12% 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 Market0.18%
Utilities3.23%
Healthcare2.47%
Consumer Staples1.67%
Real Estate0.78%
Energy0.21%
Financials0.19%
Tech0%
Materials-0.0042%
Industrials-0.79%
Telecom-1.22%
Consumer Discretionary-1.28%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth even though it's trading below its 3-year average PE ratio of 24.3x.
    • Analysts are expecting annual earnings growth of 7.8%, which is lower than the prior year's growth of 22.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 20% over the next 5 years.
  • However this is lower than its past earnings growth rate of 111% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 12% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
FEMSA UBD Fomento Económico Mexicano. deMex$191.841.8%
+Mex$12.4b
54.7%PE20.3xConsumer Staples
WALMEX * Wal-Mart de México. deMex$66.430.9%
+Mex$10.7b
-8.7%PE23.2xConsumer Staples
SORIANA B Organización Soriana S. A. B. de C. VMex$29.0016.1%
+Mex$7.3b
10.7%PE10.9xConsumer Staples
GRUMA B Gruma. deMex$305.625.6%
+Mex$6.0b
41.9%PE17.8xConsumer Staples
GIGANTE * Grupo Gigante S. A. B. de C. VMex$26.888.5%
+Mex$2.1b
-1.5%PE14xConsumer Discretionary
See more
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