Mexican (IPC) Food Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies6
- 7D2.3%
- 3M-6.0%
- 1Y-14.9%
- YTD-11.7%
In the last week, the Food industry is up 5.7%, with Grupo Bimbo. de up 3.9%. Meanwhile, Industrias Bachoco. de actually underperformed within the industry, shrinking 7.6% in the last week. In the past year, the industry is down 12%. Earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Mexican Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | Mex$488.3b | Mex$590.1b | Mex$26.0b | 16.3x | 18.8x | 0.8x |
| Sun, 24 Mar 2024 | Mex$492.0b | Mex$591.8b | Mex$26.9b | 16x | 18.3x | 0.8x |
| Tue, 20 Feb 2024 | Mex$518.6b | Mex$599.9b | Mex$38.6b | 12.8x | 13.4x | 0.9x |
| Thu, 18 Jan 2024 | Mex$631.6b | Mex$782.6b | Mex$40.2b | 13.9x | 15.7x | 0.8x |
| Sat, 16 Dec 2023 | Mex$631.8b | Mex$782.4b | Mex$40.2b | 13.1x | 15.7x | 0.8x |
| Mon, 13 Nov 2023 | Mex$600.2b | Mex$785.3b | Mex$40.4b | 12.5x | 14.9x | 0.8x |
| Wed, 11 Oct 2023 | Mex$594.9b | Mex$786.0b | Mex$40.3b | 13.4x | 14.7x | 0.8x |
| Fri, 08 Sep 2023 | Mex$618.7b | Mex$783.6b | Mex$40.2b | 14.8x | 15.4x | 0.8x |
| Sun, 06 Aug 2023 | Mex$640.0b | Mex$780.5b | Mex$40.0b | 15.3x | 16x | 0.8x |
| Tue, 04 Jul 2023 | Mex$642.0b | Mex$772.3b | Mex$42.7b | 14.7x | 15x | 0.8x |
| Thu, 01 Jun 2023 | Mex$645.0b | Mex$776.0b | Mex$42.9b | 14.5x | 15x | 0.8x |
| Sat, 29 Apr 2023 | Mex$664.2b | Mex$769.1b | Mex$43.8b | 15.3x | 15.2x | 0.9x |
| Mon, 27 Mar 2023 | Mex$564.1b | Mex$665.6b | Mex$37.4b | 15.9x | 15.1x | 0.8x |
| Wed, 22 Feb 2023 | Mex$567.8b | Mex$654.8b | Mex$27.3b | 20x | 20.8x | 0.9x |
| Fri, 20 Jan 2023 | Mex$594.5b | Mex$657.0b | Mex$27.5b | 20.4x | 21.6x | 0.9x |
| Sun, 18 Dec 2022 | Mex$541.9b | Mex$661.3b | Mex$27.7b | 16.8x | 19.6x | 0.8x |
| Tue, 15 Nov 2022 | Mex$531.4b | Mex$658.5b | Mex$27.6b | 16.3x | 19.2x | 0.8x |
| Thu, 13 Oct 2022 | Mex$452.6b | Mex$636.3b | Mex$25.8b | 15.4x | 17.5x | 0.7x |
| Sat, 10 Sep 2022 | Mex$469.6b | Mex$635.7b | Mex$25.8b | 14.8x | 18.2x | 0.7x |
| Mon, 08 Aug 2022 | Mex$466.5b | Mex$638.4b | Mex$26.0b | 15.1x | 18x | 0.7x |
| Wed, 06 Jul 2022 | Mex$454.2b | Mex$614.8b | Mex$23.7b | 13.4x | 19.2x | 0.7x |
| Fri, 03 Jun 2022 | Mex$451.4b | Mex$610.6b | Mex$23.4b | 14.6x | 19.3x | 0.7x |
| Sun, 01 May 2022 | Mex$448.4b | Mex$606.8b | Mex$23.5b | 14.9x | 19.1x | 0.7x |
| Tue, 29 Mar 2022 | Mex$438.7b | Mex$588.1b | Mex$23.2b | 14.7x | 18.9x | 0.7x |
| Thu, 24 Feb 2022 | Mex$460.8b | Mex$570.6b | Mex$22.6b | 18x | 20.3x | 0.8x |
| Sat, 22 Jan 2022 | Mex$445.9b | Mex$567.8b | Mex$22.6b | 16.9x | 19.7x | 0.8x |
| Mon, 20 Dec 2021 | Mex$442.0b | Mex$567.8b | Mex$22.6b | 17.3x | 19.5x | 0.8x |
| Wed, 17 Nov 2021 | Mex$430.1b | Mex$567.8b | Mex$22.6b | 16.4x | 19x | 0.8x |
| Fri, 15 Oct 2021 | Mex$422.5b | Mex$562.6b | Mex$22.8b | 18.4x | 18.5x | 0.8x |
| Sun, 12 Sep 2021 | Mex$392.4b | Mex$562.6b | Mex$22.8b | 16.5x | 17.2x | 0.7x |
| Tue, 10 Aug 2021 | Mex$379.9b | Mex$562.6b | Mex$22.8b | 16.1x | 16.7x | 0.7x |
| Mon, 03 May 2021 | Mex$343.1b | Mex$565.2b | Mex$22.6b | 14.1x | 15.2x | 0.6x |
Price to Earnings Ratio
15.2x
Current Industry PE
- Investors are relatively neutral on the Mexican Food 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 17.4x.
- The industry is trading close to its 3-year average PS ratio of 0.77x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 4.8% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Mexican Consumer Staples industry?
| MX Market | 1.32% | |
| Consumer Staples | 1.99% | |
| Food | 2.25% | |
| Packaged Foods and Meats | 2.25% | |
| Agricultural Products | 0% | |
Industry PE
- Investors are most optimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average PE ratio of 17.4x.
- Analysts are expecting annual earnings growth of 15.7%, which is lower than the prior year's growth of 31.7% per year.
- Investors are most pessimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average of 17.4x.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 16% over the next 5 years.
- However this is lower than its past earnings growth rate of 32% per year.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| BIMBO A Grupo Bimbo. de | Mex$70.50 | 2.1% +Mex$6.1b | -26.8% | PE22.5x | |
| GRUMA B Gruma. de | Mex$337.35 | 2.8% +Mex$3.3b | 19.9% | PE16.3x | |
| HERDEZ * Grupo Herdez. de | Mex$47.65 | 9.0% +Mex$1.3b | -0.5% | PE11.4x |