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Nov 12
Mexican (IPC) Financials Sector Analysis
UpdatedNov 27, 2023
DataAggregated Company Financials
Companies26
- 7D0.7%
- 3M6.8%
- 1Y8.8%
- YTD7.7%
In the last week, the Financials industry is up 2.1%, with Grupo Financiero Banorte. de up 3.8%. This takes the industry's 12 month performance to a gain of 8.6%. As for the next few years, earnings are expected to grow by 5.6% per annum.
Sector Valuation and Performance
Has the Mexican Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 28 Nov 2023 | Mex$1.6t | Mex$628.0b | Mex$156.8b | 8.3x | 10.4x | 2.6x |
| Thu, 26 Oct 2023 | Mex$1.4t | Mex$612.0b | Mex$150.5b | 6.8x | 9.3x | 2.3x |
| Sat, 23 Sep 2023 | Mex$1.4t | Mex$602.0b | Mex$145.8b | 8x | 9.7x | 2.4x |
| Mon, 21 Aug 2023 | Mex$1.4t | Mex$602.0b | Mex$145.8b | 7.9x | 9.6x | 2.3x |
| Wed, 19 Jul 2023 | Mex$1.4t | Mex$588.2b | Mex$134.4b | 7x | 10.8x | 2.5x |
| Fri, 16 Jun 2023 | Mex$1.4t | Mex$587.5b | Mex$134.5b | 8.3x | 10.7x | 2.5x |
| Sun, 14 May 2023 | Mex$1.5t | Mex$584.0b | Mex$134.3b | 8.4x | 11x | 2.5x |
| Tue, 11 Apr 2023 | Mex$1.4t | Mex$563.1b | Mex$121.2b | 8.9x | 11.6x | 2.5x |
| Thu, 09 Mar 2023 | Mex$1.4t | Mex$642.9b | Mex$121.2b | 9x | 11.9x | 2.2x |
| Sat, 04 Feb 2023 | Mex$1.4t | Mex$562.7b | Mex$122.0b | 9.4x | 11.9x | 2.6x |
| Mon, 02 Jan 2023 | Mex$1.3t | Mex$549.7b | Mex$116.0b | 9x | 11.5x | 2.4x |
| Wed, 30 Nov 2022 | Mex$1.4t | Mex$549.7b | Mex$116.0b | 9.2x | 11.7x | 2.5x |
| Fri, 28 Oct 2022 | Mex$1.4t | Mex$542.5b | Mex$111.1b | 8.7x | 12.6x | 2.6x |
| Sun, 25 Sep 2022 | Mex$1.3t | Mex$534.4b | Mex$112.9b | 8.7x | 11.2x | 2.4x |
| Tue, 23 Aug 2022 | Mex$1.3t | Mex$534.5b | Mex$113.0b | 8.5x | 11.5x | 2.4x |
| Thu, 21 Jul 2022 | Mex$1.3t | Mex$525.1b | Mex$115.0b | 9x | 10.9x | 2.4x |
| Sat, 18 Jun 2022 | Mex$1.2t | Mex$525.1b | Mex$115.0b | 8.8x | 10.8x | 2.4x |
| Mon, 16 May 2022 | Mex$1.3t | Mex$523.1b | Mex$115.0b | 9.8x | 11.3x | 2.5x |
| Wed, 13 Apr 2022 | Mex$1.4t | Mex$496.3b | Mex$115.7b | 11.3x | 12.1x | 2.8x |
| Fri, 11 Mar 2022 | Mex$1.4t | Mex$488.1b | Mex$117.6b | 10.8x | 11.9x | 2.9x |
| Sun, 06 Feb 2022 | Mex$1.4t | Mex$479.4b | Mex$116.1b | 11.4x | 11.8x | 2.9x |
| Tue, 04 Jan 2022 | Mex$1.4t | Mex$473.4b | Mex$108.8b | 11.2x | 12.4x | 2.9x |
| Thu, 02 Dec 2021 | Mex$1.3t | Mex$471.7b | Mex$108.7b | 10.3x | 11.9x | 2.7x |
| Sat, 30 Oct 2021 | Mex$1.3t | Mex$469.8b | Mex$107.1b | 9.6x | 12.4x | 2.8x |
| Mon, 27 Sep 2021 | Mex$1.3t | Mex$458.1b | Mex$101.2b | 10.5x | 12.9x | 2.9x |
| Wed, 25 Aug 2021 | Mex$2.4t | Mex$467.1b | Mex$101.4b | 11.2x | 23.8x | 5.2x |
| Thu, 01 Jul 2021 | Mex$2.4t | Mex$467.1b | Mex$101.4b | 11.2x | 23.8x | 5.2x |
| Sun, 04 Apr 2021 | Mex$2.2t | Mex$452.0b | Mex$89.1b | 9.7x | 25x | 4.9x |
| Wed, 06 Jan 2021 | Mex$2.2t | Mex$447.2b | Mex$86.6b | 9.8x | 25.3x | 4.9x |
Price to Earnings Ratio
23.5x
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 9.6x which is lower than its 3-year average PE of 14.9x.
- The 3-year average PS ratio of 3.2x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 20% per year over the last three years.
- Revenues for these companies have grown 11% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Mexican Financials sector?
| MX Market | 0.56% | |
| Financials | 0.66% | |
| Insurance | 3.72% | |
| Banks | 0.61% | |
| Mortgage Finance | 0% | |
| Diversified Financial | 0% | |
| Consumer Finance | -0.78% | |
| Capital Markets | -0.80% | |
| Mortgage REITs | -1.75% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 67.0x.
- Analysts are expecting annual earnings growth of 6.9%, which is lower than the prior year's growth of 15.4% per year.
- Investors are most pessimistic about the Mortgage REITs industry, which is trading below its 3-year average of 7.4x.
Forecasted Growth
- Analysts are most optimistic on the Insurance industry, expecting annual earnings growth of 20% over the next 5 years.
- However this is lower than its past earnings growth rate of 68% per year.
- In contrast, the Banks industry is expected to see its earnings grow by 4.4% 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 | |
|---|---|---|---|---|---|
| ELEKTRA * Grupo Elektra. de | Mex$1.19k | 1.7% +Mex$4.4b | 15.1% | PB2.9x | |
| Q * Quálitas Controladora. de | Mex$151.80 | 5.7% +Mex$3.2b | 82.5% | PE18.4x | |
| BOLSA A Bolsa Mexicana de Valores. de | Mex$31.56 | 3.0% +Mex$518.4m | -16.2% | PE12.2x | |
| R A Regional. de | Mex$149.27 | 0.9% +Mex$432.9m | 4.2% | PB1.7x | |
| FINDEP * Financiera Independencia. de SOFOM E.N.R | Mex$9.00 | 2.9% +Mex$77.6m | n/a | PE4.2x |