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Mexican (IPC) Materials Sector Analysis

UpdatedDec 21, 2025
DataAggregated Company Financials
Companies14
  • 7D-1.4%
  • 3M17.4%
  • 1Y68.0%
  • YTD67.8%

Over the last 7 days, the Materials industry has dropped 1.4%, driven by Grupo México. de declining 4.6%. Meanwhile, Industrias Peñoles. de actually outperformed within the industry, gaining 8.4% in the last week. This takes the industry's 12 month performance to a gain of 68%. As for the next few years, earnings are expected to grow by 9.6% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 21 Dec 2025Mex$2.2tMex$1.1tMex$116.4b17.4x19.3x2x
Tue, 18 Nov 2025Mex$2.1tMex$1.3tMex$117.5b15.6x17.8x1.6x
Thu, 16 Oct 2025Mex$2.1tMex$1.3tMex$110.8b16.1x18.9x1.6x
Sat, 13 Sep 2025Mex$1.9tMex$1.1tMex$111.3b15.2x17.2x1.7x
Mon, 11 Aug 2025Mex$1.7tMex$1.1tMex$112.1b14x15.3x1.5x
Wed, 09 Jul 2025Mex$1.6tMex$1.1tMex$109.9b12.8x14.4x1.4x
Fri, 06 Jun 2025Mex$1.5tMex$1.2tMex$112.8b11.2x13.6x1.3x
Sun, 04 May 2025Mex$1.4tMex$1.2tMex$116.7b10.6x12.1x1.2x
Tue, 01 Apr 2025Mex$1.4tMex$1.2tMex$115.6b10.3x12.1x1.2x
Thu, 27 Feb 2025Mex$1.4tMex$1.2tMex$115.3b10.3x12.3x1.2x
Sat, 25 Jan 2025Mex$1.4tMex$1.2tMex$93.0b9.5x15x1.2x
Mon, 23 Dec 2024Mex$1.3tMex$1.2tMex$92.2b9.8x14.5x1.1x
Wed, 20 Nov 2024Mex$1.4tMex$1.2tMex$92.4b10.4x14.8x1.1x
Fri, 18 Oct 2024Mex$1.4tMex$1.2tMex$84.4b11.5x16.9x1.2x
Sun, 15 Sep 2024Mex$1.4tMex$1.1tMex$81.6b11.4x16.7x1.2x
Tue, 13 Aug 2024Mex$1.4tMex$1.1tMex$80.7b11.6x17.2x1.2x
Thu, 11 Jul 2024Mex$1.4tMex$1.1tMex$68.8b12.7x20.6x1.3x
Sat, 08 Jun 2024Mex$1.4tMex$1.1tMex$70.5b11.3x19.5x1.3x
Mon, 06 May 2024Mex$1.4tMex$1.0tMex$65.1b13.7x22.2x1.4x
Wed, 03 Apr 2024Mex$1.4tMex$1.0tMex$68.6b13.7x21x1.4x
Fri, 01 Mar 2024Mex$1.2tMex$1.1tMex$68.7b16.5x18.1x1.2x
Sun, 28 Jan 2024Mex$1.3tMex$1.1tMex$89.2b16.9x14.9x1.2x
Tue, 26 Dec 2023Mex$1.4tMex$1.1tMex$88.4b17.5x15.6x1.2x
Thu, 23 Nov 2023Mex$1.2tMex$1.1tMex$89.3b15.3x13.6x1.1x
Sat, 21 Oct 2023Mex$1.2tMex$1.2tMex$95.6b14.7x12.3x1x
Mon, 18 Sep 2023Mex$1.2tMex$1.1tMex$90.4b16.9x13.7x1.1x
Wed, 16 Aug 2023Mex$1.3tMex$1.1tMex$90.6b16.6x13.9x1.1x
Fri, 14 Jul 2023Mex$1.3tMex$1.1tMex$99.9b14.2x12.8x1.1x
Sun, 11 Jun 2023Mex$1.3tMex$1.2tMex$102.7b14.1x12.6x1.1x
Tue, 09 May 2023Mex$1.3tMex$1.2tMex$106.1b14.2x12.4x1.1x
Thu, 06 Apr 2023Mex$1.3tMex$1.2tMex$114.2b11.3x11x1x
Sat, 04 Mar 2023Mex$1.3tMex$1.2tMex$115.5b11x11.3x1.1x
Mon, 30 Jan 2023Mex$1.3tMex$1.3tMex$124.4b10.5x10.4x1x
Wed, 28 Dec 2022Mex$1.2tMex$1.3tMex$128.6b9.1x9.1x0.9x
Price to Earnings Ratio

9.1x


Total Market Cap: Mex$1.2tTotal Earnings: Mex$128.6bTotal Revenue: Mex$1.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Materials Sector Price to Earnings3Y Average 15x202320242025
Current Industry PE
  • Investors are optimistic on the Mexican Materials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 19.3x which is higher than its 3-year average PE of 15.0x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 3.3% per year over the last three years,
  • Revenues have also declined 4.5% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Mexican Materials sector?

MX Market-1.65%
Materials-1.36%
Basic Materials2.54%
Packaging-1.29%
Metals and Mining-2.07%
Chemicals-7.13%
Paper and Forestry Products-39.08%
Industry PE
  • Investors are most optimistic about the Metals and Mining industry which is trading above its 3-year average PE ratio of 13.7x.
    • Analysts are expecting annual earnings growth of 7.7%, which is lower than the prior year's growth of 20.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 83% over the next 5 years.
  • This is better than its past earnings decline of 81% per year.
  • In contrast, the Basic Materials industry is expected to see its earnings grow by 6.8% 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
PE&OLES * Industrias Peñoles. deMex$869.998.4%
+Mex$26.8b		209.1%PE20.9x
CEMEX CPO CEMEX. deMex$20.964.2%
+Mex$12.3b		85.5%PE18.5x
CMOCTEZ * Corporación Moctezuma. deMex$82.001.2%
+Mex$850.2m		9.3%PE11.3x
AUTLAN B Compañía Minera Autlán. deMex$7.381.2%
+Mex$28.3m		0.3%PS0.4x
CONVER A Convertidora Industrial. deMex$2.0612.6%
+Mex$18.4m		14.4%PE6.7x

Latest News

GCC *
Mex$183.28
GCC. de
7D
-3.9%
1Y
0.2%

GCC *: Future Earnings Quality Is Expected To Support Share Price Upside

Analysts have slightly reduced their price target on GCC.de to approximately €228 from around €230, citing marginally higher discount rate assumptions and slightly softer long term growth and profitability expectations. Valuation Changes Fair Value Estimate declined slightly from €229.68 to €228.12, reflecting a modest downward adjustment.
CONVER A
Mex$2.06
Convertidora Industrial. de
7D
12.6%
1Y
14.4%

Returns On Capital At Convertidora Industrial. de (BMV:CONVERA) Have Stalled

Dec 19
Returns On Capital At Convertidora Industrial. de (BMV:CONVERA) Have Stalled
TEAK CPO
Mex$0.14
Proteak Uno. de
7D
-39.1%
1Y
-53.4%
CEMEX CPO
Mex$20.96
CEMEX. de
7D
4.2%
1Y
85.5%
ORBIA *
Mex$15.94
Orbia Advance Corporation. de
7D
-6.7%
1Y
9.4%

ORBIA * Upgraded Rating Will Support Margin Expansion And Earnings Repricing

Analysts have raised their price target on Orbia Advance Corporation, citing improved profit margin expectations and a more attractive future valuation multiple. This has resulted in a new fair value estimate of $50.81 from $54.90, despite slightly softer revenue growth assumptions.
GMEXICO B
Mex$164.63
Grupo México. de
7D
-4.6%
1Y
65.8%

GMEXICO B Will Face Pressure From Project Delays Despite Higher Copper Prices

The analyst price target for Grupo México has been raised to approximately MXN 83 from about MXN 76, as analysts factor in higher long term copper and precious metal price assumptions, along with improved revenue growth expectations, despite a more conservative profit margin outlook. Analyst Commentary Recent Street research on Grupo México reflects a more balanced, and in some cases cautious, reassessment of the company’s risk reward profile.
ALPEK A
Mex$9.30
ALPEK. de
7D
-10.8%
1Y
-32.5%
PE&OLES *
Mex$869.99
Industrias Peñoles. de
7D
8.4%
1Y
209.1%

Industrias Peñoles, S.A.B. de C.V. (BMV:PE&OLES) Could Be Riskier Than It Looks

Dec 10
Industrias Peñoles, S.A.B. de C.V. (BMV:PE&OLES) Could Be Riskier Than It Looks
MFRISCO A-1
Mex$9.00
Minera Frisco. de
7D
-2.2%
1Y
164.7%

Why We Like The Returns At Minera Frisco. de (BMV:MFRISCOA-1)

Nov 29
Why We Like The Returns At Minera Frisco. de (BMV:MFRISCOA-1)
VITRO A
Mex$5.85
Vitro. de
7D
-2.0%
1Y
-31.9%

We Like The Quality Of Vitro. de's (BMV:VITROA) Earnings

Nov 06
We Like The Quality Of Vitro. de's (BMV:VITROA) Earnings
ICH B
Mex$172.30
Industrias CH S. A. B. de C. V
7D
-1.5%
1Y
-5.3%
CMOCTEZ *
Mex$82.00
Corporación Moctezuma. de
7D
1.2%
1Y
9.3%
CYDSASA A
Mex$17.35
Cydsa. de
7D
0.06%
1Y
3.3%
AUTLAN B
Mex$7.38
Compañía Minera Autlán. de
7D
1.2%
1Y
0.3%