Here's Why We Think Banco del Bajío Institución de Banca Múltiple (BMV:BBAJIOO) Is Well Worth Watching
Nov 12
Mexican (IPC) Banks Industry Analysis
UpdatedDec 03, 2023
DataAggregated Company Financials
Companies8
- 7D-1.8%
- 3M6.0%
- 1Y8.4%
- YTD5.8%
Over the last 7 days, the Banks industry has dropped 1.8%, driven by declines from every company within the industry. In the past year, the industry has gained 8.5%. As for the next few years, earnings are expected to grow by 4.5% per annum.
Industry Valuation and Performance
Has the Mexican Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 04 Dec 2023 | Mex$1.4t | Mex$380.2b | Mex$132.7b | 8.2x | 10.3x | 3.6x |
| Wed, 01 Nov 2023 | Mex$1.2t | Mex$371.6b | Mex$130.4b | 7.2x | 9x | 3.2x |
| Fri, 29 Sep 2023 | Mex$1.2t | Mex$362.8b | Mex$123.8b | 7.8x | 9.3x | 3.2x |
| Sun, 27 Aug 2023 | Mex$1.2t | Mex$362.8b | Mex$123.8b | 8x | 9.3x | 3.2x |
| Tue, 25 Jul 2023 | Mex$1.2t | Mex$355.1b | Mex$114.8b | 7.8x | 10.6x | 3.4x |
| Thu, 22 Jun 2023 | Mex$1.2t | Mex$352.1b | Mex$113.3b | 7.8x | 10.5x | 3.4x |
| Sat, 20 May 2023 | Mex$1.2t | Mex$352.1b | Mex$113.3b | 8.2x | 10.7x | 3.4x |
| Mon, 17 Apr 2023 | Mex$1.2t | Mex$336.8b | Mex$99.4b | 9.1x | 12x | 3.5x |
| Wed, 15 Mar 2023 | Mex$1.2t | Mex$419.0b | Mex$100.5b | 9.3x | 11.6x | 2.8x |
| Fri, 10 Feb 2023 | Mex$1.2t | Mex$341.1b | Mex$103.4b | 9.8x | 11.7x | 3.5x |
| Sun, 08 Jan 2023 | Mex$1.2t | Mex$330.5b | Mex$96.3b | 9.9x | 12.1x | 3.5x |
| Tue, 06 Dec 2022 | Mex$1.1t | Mex$330.5b | Mex$96.3b | 9.8x | 11.9x | 3.5x |
| Thu, 03 Nov 2022 | Mex$1.2t | Mex$324.4b | Mex$92.9b | 9.8x | 12.8x | 3.7x |
| Sat, 01 Oct 2022 | Mex$1.0t | Mex$317.3b | Mex$92.7b | 8.9x | 11.1x | 3.3x |
| Mon, 29 Aug 2022 | Mex$1.1t | Mex$317.3b | Mex$92.7b | 8.7x | 11.3x | 3.3x |
| Wed, 27 Jul 2022 | Mex$1.0t | Mex$308.6b | Mex$97.5b | 8.9x | 10.7x | 3.4x |
| Fri, 24 Jun 2022 | Mex$1.0t | Mex$304.4b | Mex$94.6b | 8.5x | 10.6x | 3.3x |
| Sun, 22 May 2022 | Mex$1.1t | Mex$304.4b | Mex$94.5b | 10.3x | 11.5x | 3.6x |
| Tue, 19 Apr 2022 | Mex$1.2t | Mex$288.0b | Mex$95.5b | 12x | 12.4x | 4.1x |
| Thu, 17 Mar 2022 | Mex$1.2t | Mex$288.0b | Mex$95.5b | 12.1x | 12.5x | 4.1x |
| Sat, 12 Feb 2022 | Mex$1.2t | Mex$281.5b | Mex$97.3b | 11.8x | 12x | 4.1x |
| Mon, 10 Jan 2022 | Mex$1.1t | Mex$275.1b | Mex$89.5b | 11.2x | 12.7x | 4.1x |
| Wed, 08 Dec 2021 | Mex$1.1t | Mex$275.1b | Mex$89.5b | 10.4x | 12.1x | 3.9x |
| Fri, 05 Nov 2021 | Mex$1.1t | Mex$275.2b | Mex$89.4b | 11.1x | 12.7x | 4.1x |
| Sun, 03 Oct 2021 | Mex$1.1t | Mex$268.7b | Mex$84.6b | 12x | 13.1x | 4.1x |
| Tue, 31 Aug 2021 | Mex$1.1t | Mex$268.7b | Mex$84.6b | 12x | 13.2x | 4.2x |
| Wed, 07 Jul 2021 | Mex$1.1t | Mex$268.7b | Mex$84.6b | 11.5x | 13.2x | 4.1x |
| Sat, 10 Apr 2021 | Mex$977.9b | Mex$260.9b | Mex$70.7b | 10.7x | 13.8x | 3.7x |
| Fri, 01 Jan 2021 | Mex$949.3b | Mex$259.6b | Mex$69.0b | 10.3x | 13.8x | 3.7x |
Price to Earnings Ratio
12.9x
Current Industry PE
- Investors are pessimistic on the Mexican Banks 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 10.4x which is lower than its 3-year average PE of 12.0x.
- The industry is trading close to its 3-year average PS ratio of 3.7x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 23% per year over the last three years.
- Revenues for these companies have grown 13% 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 industry?
| MX Market | 1.21% | |
| Financials | -0.82% | |
| Banks | -1.81% | |
| Regional Banks | -0.66% | |
| Diversified Banks | -1.97% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 10.4x.
- Analysts are expecting annual earnings growth of 9.7%, which is lower than the prior year's growth of 97.9% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 12.1x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 9.7% over the next 5 years.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 4.3% 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 | |
|---|---|---|---|---|---|
| No data available | |||||