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Mexican (IPC) Market Analysis & Valuation
UpdatedNov 30, 2024
DataAggregated Company Financials
Companies115
- 7D-0.9%
- 3M-4.3%
- 1Y-6.3%
- YTD-9.9%
In the last week, the market has stayed flat, however the Healthcare sector stood out, gaining 3.7%. Unfortunately though, the market is down 6.3% over the past year. 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 |
|---|---|---|---|---|---|---|
| Sat, 30 Nov 2024 | Mex$8.4t | Mex$7.4t | Mex$602.3b | 11.7x | 14x | 1.1x |
| Mon, 28 Oct 2024 | Mex$8.8t | Mex$7.4t | Mex$601.3b | 12x | 14.6x | 1.2x |
| Wed, 25 Sep 2024 | Mex$9.0t | Mex$7.4t | Mex$588.2b | 12.1x | 15.4x | 1.2x |
| Fri, 23 Aug 2024 | Mex$9.2t | Mex$7.4t | Mex$589.8b | 11.6x | 15.6x | 1.3x |
| Sun, 21 Jul 2024 | Mex$9.2t | Mex$7.2t | Mex$554.7b | 13.6x | 16.6x | 1.3x |
| Tue, 18 Jun 2024 | Mex$8.8t | Mex$7.1t | Mex$577.3b | 12.3x | 15.3x | 1.2x |
| Thu, 16 May 2024 | Mex$9.6t | Mex$7.0t | Mex$568.4b | 13.9x | 16.9x | 1.4x |
| Sat, 13 Apr 2024 | Mex$9.5t | Mex$7.1t | Mex$578.9b | 13.4x | 16.3x | 1.3x |
| Mon, 11 Mar 2024 | Mex$9.4t | Mex$7.1t | Mex$585.4b | 13x | 16.1x | 1.3x |
| Wed, 07 Feb 2024 | Mex$9.8t | Mex$7.4t | Mex$630.9b | 13.8x | 15.5x | 1.3x |
| Fri, 05 Jan 2024 | Mex$9.6t | Mex$7.4t | Mex$656.6b | 13.2x | 14.7x | 1.3x |
| Sun, 03 Dec 2023 | Mex$9.3t | Mex$7.4t | Mex$657.5b | 12.4x | 14.2x | 1.3x |
| Tue, 31 Oct 2023 | Mex$8.7t | Mex$7.5t | Mex$665.8b | 11.7x | 13.1x | 1.2x |
| Thu, 28 Sep 2023 | Mex$9.0t | Mex$7.5t | Mex$662.3b | 12.9x | 13.5x | 1.2x |
| Sat, 26 Aug 2023 | Mex$9.2t | Mex$7.4t | Mex$653.5b | 12.8x | 14.1x | 1.2x |
| Mon, 24 Jul 2023 | Mex$9.4t | Mex$7.4t | Mex$652.9b | 12.9x | 14.3x | 1.3x |
| Wed, 21 Jun 2023 | Mex$9.4t | Mex$7.3t | Mex$638.9b | 13.1x | 14.7x | 1.3x |
| Fri, 19 May 2023 | Mex$9.5t | Mex$7.3t | Mex$641.0b | 13.2x | 14.7x | 1.3x |
| Sun, 16 Apr 2023 | Mex$9.6t | Mex$7.2t | Mex$655.8b | 12.5x | 14.6x | 1.3x |
| Tue, 14 Mar 2023 | Mex$9.4t | Mex$7.4t | Mex$668.3b | 12x | 14.1x | 1.3x |
| Thu, 09 Feb 2023 | Mex$9.4t | Mex$7.2t | Mex$667.6b | 11.7x | 14.1x | 1.3x |
| Sat, 07 Jan 2023 | Mex$9.2t | Mex$7.2t | Mex$661.1b | 11.9x | 14x | 1.3x |
| Mon, 05 Dec 2022 | Mex$9.2t | Mex$7.3t | Mex$649.0b | 11.9x | 14.1x | 1.3x |
| Wed, 02 Nov 2022 | Mex$9.1t | Mex$8.3t | Mex$2.6t | 11.5x | 3.5x | 1.1x |
| Fri, 30 Sep 2022 | Mex$8.3t | Mex$7.2t | Mex$627.9b | 10.6x | 13.2x | 1.1x |
| Sun, 28 Aug 2022 | Mex$8.6t | Mex$7.2t | Mex$625.9b | 11.4x | 13.7x | 1.2x |
| Tue, 26 Jul 2022 | Mex$8.7t | Mex$7.1t | Mex$625.7b | 12.1x | 13.9x | 1.2x |
| Thu, 23 Jun 2022 | Mex$8.4t | Mex$6.8t | Mex$624.4b | 12.2x | 13.4x | 1.2x |
| Sat, 21 May 2022 | Mex$8.8t | Mex$6.9t | Mex$622.4b | 11.9x | 14.1x | 1.3x |
| Mon, 18 Apr 2022 | Mex$9.3t | Mex$6.7t | Mex$569.1b | 14.3x | 16.4x | 1.4x |
| Wed, 16 Mar 2022 | Mex$9.1t | Mex$6.7t | Mex$575.6b | 14.3x | 15.9x | 1.4x |
| Fri, 11 Feb 2022 | Mex$9.0t | Mex$6.5t | Mex$568.6b | 14x | 15.9x | 1.4x |
| Sun, 09 Jan 2022 | Mex$9.1t | Mex$6.6t | Mex$575.4b | 13.8x | 15.7x | 1.4x |
| Tue, 07 Dec 2021 | Mex$8.7t | Mex$6.6t | Mex$579.1b | 13.1x | 15.1x | 1.3x |
Price to Earnings Ratio
15.1x
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 14.6x.
Past Earnings Growth
- The earnings for Mexican listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 3.8% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Sector Trends
Which sectors have driven the changes within the Mexican Market?
| MX Market | -0.88% | |
| Healthcare | 3.74% | |
| Utilities | 0.38% | |
| Financials | 0.15% | |
| Tech | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Industrials | -0.081% | |
| Consumer Staples | -0.17% | |
| Real Estate | -1.20% | |
| Telecom | -1.44% | |
| Consumer Discretionary | -1.65% | |
| Materials | -2.91% | |
| Energy | -5.02% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 18.4x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 25.3%, which is higher than its past year's earnings growth of 6.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 64% over the next 5 years.
- In contrast, the Real Estate sector is expected to see its earnings decline by 26% 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 | |
|---|---|---|---|---|---|---|
| GFINBUR O Grupo Financiero Inbursa. de | Mex$48.00 | 5.9% +Mex$16.2b | 16.3% | PB1.2x | Financials | |
| WALMEX * Wal-Mart de México. de | Mex$53.90 | 0.8% +Mex$7.2b | -19.8% | PE17.5x | Consumer Staples | |
| GCARSO A1 Grupo Carso. de | Mex$121.72 | 2.0% +Mex$5.4b | -22.6% | PE19.5x | Industrials | |
| ALEATIC * Aleatica. de | Mex$93.51 | 2.7% +Mex$4.2b | n/a | PE78x | Industrials | |
| Q * Quálitas Controladora. de | Mex$153.44 | 6.3% +Mex$3.6b | -6.4% | PE12.4x | Financials |
