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Mexican (IPC) Financials Sector Analysis

UpdatedNov 18, 2024
DataAggregated Company Financials
Companies18
  • 7D-1.4%
  • 3M-4.5%
  • 1Y-8.9%
  • YTD-10.8%

Over the last 7 days, the Financials industry has dropped 1.4%, driven by a pullback from Grupo Financiero Banorte. de of 3.5%. On the other hand Quálitas Controladora. de is actually up 7.7%. Overall the industry is down 8.9% in 12 months. Earnings are forecast to grow by 4.6% annually.

Sector Valuation and Performance

Has the Mexican Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 18 Nov 2024Mex$1.1tMex$470.4bMex$139.0b7.7x8x2.4x
Wed, 16 Oct 2024Mex$1.4tMex$561.2bMex$137.6b7.9x9.9x2.4x
Fri, 13 Sep 2024Mex$1.3tMex$564.7bMex$138.3b7.6x9.5x2.3x
Sun, 11 Aug 2024Mex$1.3tMex$564.8bMex$138.3b7.6x9.7x2.4x
Tue, 09 Jul 2024Mex$1.4tMex$542.3bMex$137.0b8.2x10.3x2.6x
Thu, 06 Jun 2024Mex$1.3tMex$524.6bMex$129.7b9.2x10.1x2.5x
Sat, 04 May 2024Mex$1.4tMex$525.2bMex$130.3b10x11.1x2.7x
Mon, 01 Apr 2024Mex$1.5tMex$514.3bMex$127.3b10.7x11.6x2.9x
Wed, 28 Feb 2024Mex$1.6tMex$522.1bMex$127.2b11.1x12.8x3.1x
Fri, 26 Jan 2024Mex$1.7tMex$632.1bMex$158.4b9.3x10.8x2.7x
Sun, 24 Dec 2023Mex$1.7tMex$628.0bMex$156.8b9x10.8x2.7x
Tue, 21 Nov 2023Mex$1.5tMex$621.9bMex$156.1b8.2x9.6x2.4x
Thu, 19 Oct 2023Mex$1.4tMex$602.0bMex$145.7b8.1x9.8x2.4x
Sat, 16 Sep 2023Mex$1.4tMex$602.0bMex$145.8b7.8x9.5x2.3x
Mon, 14 Aug 2023Mex$1.4tMex$602.0bMex$145.8b8.1x9.7x2.4x
Wed, 12 Jul 2023Mex$1.4tMex$588.2bMex$134.4b6.7x10.7x2.4x
Fri, 09 Jun 2023Mex$1.4tMex$587.5bMex$134.6b8x10.7x2.4x
Sun, 07 May 2023Mex$1.5tMex$583.9bMex$134.3b8.3x10.9x2.5x
Tue, 04 Apr 2023Mex$1.4tMex$562.8bMex$121.2b9.1x11.6x2.5x
Thu, 02 Mar 2023Mex$1.4tMex$644.6bMex$123.1b9x11.7x2.2x
Sat, 28 Jan 2023Mex$1.5tMex$561.6bMex$120.8b9.4x12.1x2.6x
Mon, 26 Dec 2022Mex$1.4tMex$549.7bMex$116.0b9.4x11.9x2.5x
Wed, 23 Nov 2022Mex$1.4tMex$549.7bMex$116.0b9.2x11.8x2.5x
Fri, 21 Oct 2022Mex$1.4tMex$534.5bMex$112.9b8.7x12x2.5x
Sun, 18 Sep 2022Mex$1.3tMex$534.4bMex$112.9b8.7x11.3x2.4x
Tue, 16 Aug 2022Mex$1.3tMex$534.5bMex$113.0b8.7x11.5x2.4x
Thu, 14 Jul 2022Mex$1.2tMex$525.1bMex$115.0b8.8x10.7x2.3x
Sat, 11 Jun 2022Mex$1.3tMex$525.1bMex$114.9b9.3x11.1x2.4x
Mon, 09 May 2022Mex$1.3tMex$514.2bMex$115.3b9.6x11.4x2.6x
Wed, 06 Apr 2022Mex$1.5tMex$496.5bMex$115.7b11.8x12.6x2.9x
Fri, 04 Mar 2022Mex$1.4tMex$486.0bMex$114.9b10.8x12.2x2.9x
Sun, 30 Jan 2022Mex$1.3tMex$476.6bMex$112.5b10.9x12x2.8x
Tue, 28 Dec 2021Mex$1.3tMex$473.4bMex$108.8b11x12.1x2.8x
Thu, 25 Nov 2021Mex$1.4tMex$471.7bMex$108.7b10.9x12.4x2.9x
Price to Earnings Ratio

12.4x


Total Market Cap: Mex$1.4tTotal Earnings: Mex$108.7bTotal Revenue: Mex$471.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Financials Sector Price to Earnings3Y Average 11x202220232024
Current Industry PE
  • Investors are pessimistic on the Mexican Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 8.0x which is lower than its 3-year average PE of 11.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 8.5% 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 Financials sector?

MX Market-1.62%
Financials-1.37%
Insurance4.84%
Mortgage REITs1.22%
Consumer Finance0.11%
Mortgage Finance0%
Diversified Financial0%
Banks-1.97%
Capital Markets-2.05%
Industry PE
  • Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 17.4x.
    • Analysts expect its future annual earnings growth (6.6%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Mortgage REITs industry, which is trading close to its 3-year average of 5.2x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Banks industry is expected to see its earnings grow by 3.3% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
Q * Quálitas Controladora. deMex$143.047.7%
+Mex$4.1b		-0.4%PE11.6x
GFINBUR O Grupo Financiero Inbursa. deMex$44.571.2%
+Mex$3.3b		7.2%PB1.1x
GENTERA * Gentera. deMex$26.333.1%
+Mex$1.2b		37.6%PE7.7x
ACTINVR B Corporación Actinver S. A. B. de C. VMex$16.800.7%
+Mex$64.1m		12.4%PE7x
FHIPO 14 Fideicomiso Irrevocable F/2061 FHipoMex$16.601.2%
+Mex$45.4m		0.3%PE5.7x
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GENTERA *

Mex$26.33

Gentera. de

7D

3.1%

1Y

37.6%

ACTINVR B

Mex$16.80

Corporación Actinver S. A. B. de C. V

7D

0.7%

1Y

12.4%

GFNORTE O

Mex$140.23

Grupo Financiero Banorte. de

7D

-3.5%

1Y

-12.9%

Q *

Mex$143.04

Quálitas Controladora. de

7D

7.7%

1Y

-0.4%

GBM O

Mex$10.75

Corporativo GBM. de

7D

-2.3%

1Y

-9.6%

R A

Mex$120.66

Regional. de

7D

-0.9%

1Y

-18.4%

VALUEGF O

Mex$83.00

Value Grupo Financiero. de

7D

-12.6%

1Y

-11.7%

BOLSA A

Mex$32.22

Bolsa Mexicana de Valores. de

7D

-0.5%

1Y

5.2%

BBAJIO O

Mex$41.35

Banco del Bajío Institución de Banca Múltiple

7D

-1.5%

1Y

-29.3%

GFINBUR O

Mex$44.57

Grupo Financiero Inbursa. de

7D

1.2%

1Y

7.2%

Grupo Financiero Inbursa, S.A.B. de C.V. Just Recorded A 35% EPS Beat: Here's What Analysts Are Forecasting Next

Oct 24
Grupo Financiero Inbursa, S.A.B. de C.V. Just Recorded A 35% EPS Beat: Here's What Analysts Are Forecasting Next

FHIPO 14

Mex$16.60

Fideicomiso Irrevocable F/2061 FHipo

7D

1.2%

1Y

0.3%