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Mexican (IPC) Beverage Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies4
  • 7D-3.5%
  • 3M0.4%
  • 1Y-5.1%
  • YTD1.5%

Over the last 7 days, the Beverage industry has remained flat, although notably Becle. de declined by 7.0%. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

Has the Mexican Beverage Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Mar 2026Mex$1.0tMex$1.1tMex$47.6b11.7x21.3x0.9x
Wed, 11 Feb 2026Mex$1.0tMex$1.1tMex$44.0b12.6x23.4x0.9x
Fri, 09 Jan 2026Mex$993.1bMex$1.1tMex$44.0b12.7x22.6x0.9x
Sun, 07 Dec 2025Mex$983.6bMex$1.1tMex$44.0b12.1x22.3x0.9x
Tue, 04 Nov 2025Mex$968.8bMex$1.1tMex$44.0b12.2x22x0.9x
Thu, 02 Oct 2025Mex$968.9bMex$1.1tMex$44.9b14.3x21.6x0.9x
Sat, 30 Aug 2025Mex$941.2bMex$1.1tMex$44.9b15.1x21x0.8x
Mon, 28 Jul 2025Mex$1.0tMex$1.1tMex$54.1b15.9x18.9x0.9x
Wed, 25 Jun 2025Mex$1.0tMex$1.1tMex$52.4b18.2x19.9x1x
Fri, 23 May 2025Mex$1.1tMex$1.1tMex$52.4b19.4x20.8x1x
Sun, 20 Apr 2025Mex$1.1tMex$1.1tMex$51.2b18.7x21.2x1x
Tue, 18 Mar 2025Mex$1.1tMex$1.1tMex$38.0b17.4x28x1x
Thu, 13 Feb 2025Mex$1.0tMex$1.0tMex$55.5b17.1x18.2x1x
Sat, 11 Jan 2025Mex$973.7bMex$1.0tMex$55.5b17x17.6x1x
Mon, 09 Dec 2024Mex$1.0tMex$1.0tMex$55.5b18.7x18.3x1x
Wed, 06 Nov 2024Mex$1.0tMex$1.0tMex$55.5b18.7x18.6x1x
Fri, 04 Oct 2024Mex$1.0tMex$1.0tMex$54.9b18.7x18.8x1x
Sun, 01 Sep 2024Mex$1.1tMex$1.0tMex$54.9b19.2x19.2x1.1x
Tue, 30 Jul 2024Mex$1.1tMex$1.0tMex$54.9b19.7x19.6x1.1x
Thu, 27 Jun 2024Mex$1.1tMex$980.6bMex$51.3b20.8x20.7x1.1x
Sat, 25 May 2024Mex$1.0tMex$980.6bMex$51.3b20.2x20.3x1.1x
Mon, 22 Apr 2024Mex$1.1tMex$963.0bMex$56.8b19.1x19x1.1x
Wed, 20 Mar 2024Mex$1.2tMex$960.9bMex$57.5b20.3x20.3x1.2x
Fri, 16 Feb 2024Mex$1.2tMex$1.0tMex$62.3b20x19.5x1.2x
Sun, 14 Jan 2024Mex$1.1tMex$1.0tMex$61.7b18.9x18.6x1.1x
Tue, 12 Dec 2023Mex$1.1tMex$1.0tMex$61.7b19.2x18.5x1.1x
Thu, 09 Nov 2023Mex$1.1tMex$1.0tMex$61.7b18x17.7x1.1x
Sat, 07 Oct 2023Mex$1.1tMex$999.6bMex$56.8b18.3x18.5x1.1x
Mon, 04 Sep 2023Mex$1.1tMex$999.6bMex$56.8b18.5x19x1.1x
Wed, 02 Aug 2023Mex$1.1tMex$999.6bMex$56.8b18.6x18.9x1.1x
Fri, 30 Jun 2023Mex$1.1tMex$966.7bMex$51.3b21x21x1.1x
Sun, 28 May 2023Mex$1.0tMex$966.7bMex$51.3b20.2x19.9x1.1x
Tue, 25 Apr 2023Mex$1.0tMex$929.3bMex$46.1b22.2x22x1.1x
Thu, 23 Mar 2023Mex$984.5bMex$927.1bMex$46.9b20.9x21x1.1x
Price to Earnings Ratio

21x


Total Market Cap: Mex$984.5bTotal Earnings: Mex$46.9bTotal Revenue: Mex$927.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Beverage Industry Price to Earnings3Y Average 20.3x202420252026
Current Industry PE
  • Investors are relatively neutral on the Mexican Beverage 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 20.3x.
  • The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.91x.
Past Earnings Growth
  • The earnings for companies in the Beverage industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 7.0% 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.

Industry Trends

Which industries have driven the changes within the Mexican Consumer Staples industry?

MX Market-1.89%
Consumer Staples-1.18%
Beverage-3.49%
Soft Drinks-3.15%
Distillers and Wine Makers-9.20%
Industry PE
  • Investors are most optimistic about the Soft Drinks industry which is trading above its 3-year average PE ratio of 20.4x.
    • Analysts are expecting annual earnings growth of 15.7%, which is higher than its past year's earnings growth of 0.09% per year.
  • Investors are most pessimistic about the Distillers and Wine Makers industry, which is trading below its 3-year average of 22.1x.
Forecasted Growth
  • Analysts are most optimistic on the Soft Drinks industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings growth rate of 0.09% per year.
  • In contrast, the Distillers and Wine Makers industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
CULTIBA B Organización Cultiba. deMex$12.751.9%
+Mex$163.4m		15.9%PE5.6x

Latest News

FEMSA UBD
Mex$190.20
Fomento Económico Mexicano. de
7D
-1.2%
1Y
-3.5%

FEMSA UBD: Dividend Proposals And Margin Outlook Will Support Future Upside

Analysts have trimmed their MX$ price target for Fomento Económico Mexicano, de. to reflect a fair value update from MX$226.58 to MX$218.80, citing slightly softer revenue growth assumptions, which are partly offset by a marginally higher profit margin outlook and a lower future P/E estimate.
CUERVO *
Mex$15.10
Becle. de
7D
-7.6%
1Y
-16.9%

CUERVO *: Higher Margins Are Expected To Outweigh A Still Cautious Consumer

The analyst price target for Becle has been reduced by MX$3, from MX$22 to MX$19, as analysts factor in a still cautious Mexican consumer and apply a lower future P/E assumption, despite slightly higher modeled revenue growth and profit margins. Analyst Commentary Bearish analysts are leaning more cautious on Becle, with recent research pointing to a tougher consumer backdrop in Mexico and a reassessment of what investors might be willing to pay for the stock through the cycle.
AC *
Mex$197.04
Arca Continental. de
7D
-3.2%
1Y
-6.4%

AC *: Higher Margins And Richer P/E Assumptions Support Upbeat Outlook

Analysts nudged their fair value estimate for Arca Continental up by MX$2 to MX$228, reflecting updated assumptions for slightly lower revenue growth, a modestly higher profit margin, and a marginally richer future P/E multiple despite mixed recent Street research on the name. Analyst Commentary Recent Street research on Arca Continental has sent mixed signals, with one upgrade contrasted by a trimmed price target.
CULTIBA B
Mex$12.75
Organización Cultiba. de
7D
1.9%
1Y
15.9%