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Mexican (IPC) Market Analysis & Valuation

UpdatedMar 19, 2024
DataAggregated Company Financials
Companies122
  • 7D1.5%
  • 3M-1.6%
  • 1Y6.1%
  • YTD-1.4%

The market is up 1.5% over the last week, with the Materials sector leading the way, up 9.8%. In the last year, the market has climbed 6.1%. Looking forward, earnings are forecast to grow by 10% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024Mex$9.6tMex$7.1tMex$585.4b13.3x16.3x1.3x
Thu, 15 Feb 2024Mex$9.5tMex$7.4tMex$628.2b13.7x15.2x1.3x
Sat, 13 Jan 2024Mex$9.6tMex$7.4tMex$655.8b12.8x14.7x1.3x
Mon, 11 Dec 2023Mex$9.4tMex$7.4tMex$658.4b12.3x14.3x1.3x
Wed, 08 Nov 2023Mex$9.0tMex$7.4tMex$658.0b11.9x13.6x1.2x
Fri, 06 Oct 2023Mex$8.9tMex$7.5tMex$666.2b12.7x13.4x1.2x
Sun, 03 Sep 2023Mex$9.2tMex$7.4tMex$657.7b13x14x1.2x
Tue, 01 Aug 2023Mex$9.5tMex$7.5tMex$664.1b13.5x14.3x1.3x
Thu, 29 Jun 2023Mex$9.3tMex$7.3tMex$638.2b13.1x14.5x1.3x
Sat, 27 May 2023Mex$9.3tMex$7.3tMex$639.4b13.3x14.5x1.3x
Mon, 24 Apr 2023Mex$9.5tMex$7.3tMex$663.9b12.8x14.4x1.3x
Wed, 22 Mar 2023Mex$8.8tMex$6.9tMex$614.5b12.8x14.4x1.3x
Fri, 17 Feb 2023Mex$9.4tMex$7.2tMex$662.2b11.7x14.2x1.3x
Sun, 15 Jan 2023Mex$9.5tMex$7.2tMex$658.5b11.8x14.4x1.3x
Tue, 13 Dec 2022Mex$9.0tMex$7.3tMex$651.4b11.8x13.9x1.2x
Thu, 10 Nov 2022Mex$9.1tMex$8.3tMex$2.6t10.9x3.5x1.1x
Sat, 08 Oct 2022Mex$8.4tMex$7.2tMex$627.1b10.8x13.3x1.2x
Mon, 05 Sep 2022Mex$8.4tMex$7.2tMex$626.0b11.5x13.3x1.2x
Wed, 03 Aug 2022Mex$8.6tMex$7.3tMex$637.9b11.9x13.5x1.2x
Fri, 01 Jul 2022Mex$8.6tMex$6.9tMex$630.6b12.1x13.6x1.2x
Sun, 29 May 2022Mex$9.0tMex$6.8tMex$617.7b12.1x14.6x1.3x
Tue, 26 Apr 2022Mex$9.1tMex$6.7tMex$575.9b14.2x15.7x1.4x
Thu, 24 Mar 2022Mex$9.5tMex$6.7tMex$574.9b14.6x16.6x1.4x
Sat, 19 Feb 2022Mex$9.0tMex$6.5tMex$577.8b13.8x15.6x1.4x
Mon, 17 Jan 2022Mex$9.1tMex$6.6tMex$574.5b13.9x15.9x1.4x
Wed, 15 Dec 2021Mex$8.7tMex$6.6tMex$580.0b13.2x15.1x1.3x
Fri, 12 Nov 2021Mex$9.0tMex$6.7tMex$586.5b12.6x15.3x1.3x
Sun, 10 Oct 2021Mex$8.8tMex$6.6tMex$531.8b13.2x16.6x1.3x
Tue, 07 Sep 2021Mex$8.9tMex$6.5tMex$526.9b13.3x16.9x1.4x
Thu, 05 Aug 2021Mex$9.8tMex$6.4tMex$530.1b13.7x18.4x1.5x
Sun, 09 May 2021Mex$9.2tMex$6.1tMex$399.7b14.1x23x1.5x
Price to Earnings Ratio

22.7x


Total Market Cap: Mex$9.1tTotal Earnings: Mex$399.7bTotal Revenue: Mex$6.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Market Price to Earnings3Y Average 15.4x202220232024
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 15.4x.
Past Earnings Growth
  • The earnings for Mexican listed companies have grown 14% per year over the last three years.
  • Revenues for these companies have grown 5.2% 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 Market1.45%
Materials9.80%
Energy8.71%
Consumer Discretionary3.65%
Healthcare1.95%
Consumer Staples0.99%
Industrials0.76%
Tech0%
Utilities-0.53%
Telecom-0.93%
Real Estate-1.10%
Financials-1.93%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 20.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 17.2% which is higher than its past year's earnings decline of 12.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings decline of 3.9% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 23% 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
GMEXICO B Grupo México. deMex$97.8515.6%
+Mex$102.8b
23.0%PE13.3xMaterials
FEMSA UBD Fomento Económico Mexicano. deMex$214.204.2%
+Mex$30.7b
29.2%PE22.4xConsumer Staples
AC * Arca Continental. deMex$188.363.6%
+Mex$11.0b
17.0%PE18.2xConsumer Staples
LIVEPOL C-1 El Puerto de Liverpool. deMex$139.534.6%
+Mex$8.2b
23.5%PE9.6xConsumer Discretionary
CEMEX CPO CEMEX. deMex$14.194.1%
+Mex$8.1b
54.6%PE67.1xMaterials
See more
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Market Insights

When we checked in on commodity markets in November there was a lot of red on the YTD returns table. Since then, the gold price has hit a new record and crude is back above $80...

Latest News

GMEXICO B

Mex$97.85

Grupo México. de

7D

15.6%

1Y

23.0%

WALMEX *

Mex$66.44

Wal-Mart de México. de

7D

-0.4%

1Y

-6.8%

GFNORTE O

Mex$169.87

Grupo Financiero Banorte. de

7D

-2.3%

1Y

17.5%

GAP B

Mex$250.85

Grupo Aeroportuario del Pacífico. de

7D

5.4%

1Y

-25.1%

FEMSA UBD

Mex$214.20

Fomento Económico Mexicano. de

7D

4.2%

1Y

29.2%

BACHOCO B

Mex$85.00

Industrias Bachoco. de

7D

-7.6%

1Y

3.5%