Mexican (IPC) Real Estate Sector Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies19
- 7D0.7%
- 3M-4.3%
- 1Y6.1%
- YTD-4.6%
The Real Estate is pretty flat in the last 7 days, but FIBRA Prologis has stood out, gaining 8.1%. As for the the longer term, the industry is up 6.1% over the past 12 months. In the next few years, earnings are forecast to decline by 25% annually.
Sector Valuation and Performance
Has the Mexican Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | Mex$532.6b | Mex$75.9b | Mex$68.2b | 6.2x | 7.8x | 7x |
| Fri, 22 Mar 2024 | Mex$532.6b | Mex$79.2b | Mex$63.5b | 7x | 8.4x | 6.7x |
| Sun, 18 Feb 2024 | Mex$538.2b | Mex$78.2b | Mex$69.4b | 6.6x | 7.8x | 6.9x |
| Tue, 16 Jan 2024 | Mex$644.2b | Mex$87.1b | Mex$68.6b | 9.5x | 9.4x | 7.4x |
| Thu, 14 Dec 2023 | Mex$637.6b | Mex$87.2b | Mex$68.8b | 9.1x | 9.3x | 7.3x |
| Sat, 11 Nov 2023 | Mex$616.1b | Mex$87.3b | Mex$68.9b | 8.5x | 8.9x | 7.1x |
| Mon, 09 Oct 2023 | Mex$603.2b | Mex$85.7b | Mex$62.7b | 10.2x | 9.6x | 7x |
| Wed, 06 Sep 2023 | Mex$597.5b | Mex$78.5b | Mex$60.3b | 10.5x | 9.9x | 7.6x |
| Fri, 04 Aug 2023 | Mex$595.1b | Mex$77.2b | Mex$57.4b | 10.9x | 10.4x | 7.7x |
| Sun, 02 Jul 2023 | Mex$590.6b | Mex$76.0b | Mex$56.4b | 11x | 10.5x | 7.8x |
| Tue, 30 May 2023 | Mex$575.3b | Mex$75.9b | Mex$55.7b | 12.4x | 10.3x | 7.6x |
| Thu, 27 Apr 2023 | Mex$576.0b | Mex$74.4b | Mex$55.6b | 11.4x | 10.4x | 7.7x |
| Sat, 25 Mar 2023 | Mex$316.2b | Mex$42.8b | Mex$32.7b | 18x | 9.7x | 7.4x |
| Mon, 20 Feb 2023 | Mex$574.9b | Mex$72.1b | Mex$56.3b | 8.6x | 10.2x | 8x |
| Wed, 18 Jan 2023 | Mex$564.5b | Mex$71.7b | Mex$60.4b | 8.8x | 9.3x | 7.9x |
| Fri, 16 Dec 2022 | Mex$542.4b | Mex$71.9b | Mex$60.7b | 8.5x | 8.9x | 7.5x |
| Sun, 13 Nov 2022 | Mex$544.7b | Mex$1.0t | Mex$2.0t | 8.4x | 0.3x | 0.5x |
| Tue, 11 Oct 2022 | Mex$515.6b | Mex$69.6b | Mex$55.8b | 8.6x | 9.2x | 7.4x |
| Thu, 08 Sep 2022 | Mex$518.9b | Mex$69.6b | Mex$55.8b | 8.6x | 9.3x | 7.5x |
| Sat, 06 Aug 2022 | Mex$528.4b | Mex$68.8b | Mex$55.8b | 8.9x | 9.5x | 7.7x |
| Mon, 04 Jul 2022 | Mex$515.0b | Mex$67.2b | Mex$53.0b | 8.4x | 9.7x | 7.7x |
| Wed, 01 Jun 2022 | Mex$420.6b | Mex$60.3b | Mex$46.9b | 8.1x | 9x | 7x |
| Fri, 29 Apr 2022 | Mex$322.3b | Mex$58.2b | Mex$41.5b | 8.3x | 7.8x | 5.5x |
| Sun, 27 Mar 2022 | Mex$355.7b | Mex$58.8b | Mex$37.4b | 10.3x | 9.5x | 6.1x |
| Tue, 22 Feb 2022 | Mex$364.3b | Mex$59.1b | Mex$38.4b | 11.2x | 9.5x | 6.2x |
| Thu, 20 Jan 2022 | Mex$309.8b | Mex$58.2b | Mex$29.4b | 15.2x | 10.5x | 5.3x |
| Sat, 18 Dec 2021 | Mex$303.5b | Mex$58.3b | Mex$29.5b | 15.2x | 10.3x | 5.2x |
| Mon, 15 Nov 2021 | Mex$303.4b | Mex$58.2b | Mex$29.4b | 15.9x | 10.3x | 5.2x |
| Wed, 13 Oct 2021 | Mex$307.1b | Mex$57.2b | Mex$33.9b | 6x | 9.1x | 5.4x |
| Fri, 10 Sep 2021 | Mex$278.8b | Mex$57.0b | Mex$33.7b | 6.2x | 8.3x | 4.9x |
| Sun, 08 Aug 2021 | Mex$318.2b | Mex$59.7b | Mex$35.3b | 12.5x | 9x | 5.3x |
| Sat, 01 May 2021 | Mex$331.6b | Mex$58.0b | Mex$35.2b | 10.5x | 9.4x | 5.7x |
Price to Earnings Ratio
9.4x
Current Industry PE
- Investors are pessimistic on the Mexican Real Estate 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 7.8x which is lower than its 3-year average PE of 9.3x.
- The industry is trading close to its 3-year average PS ratio of 6.7x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 25% per year over the last three years.
- Revenues for these companies have grown 9.4% 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 Real Estate sector?
| MX Market | 1.42% | |
| Real Estate | 0.68% | |
| Industrial REITs | 4.69% | |
| Retail REITs | 1.79% | |
| Real Estate | 0.11% | |
| Residential REITs | 0% | |
| Health Care REITs | 0% | |
| REITS | -0.92% | |
| Specialized REITs | -1.60% | |
| Hotel and Resort REITs | -4.61% | |
| Office REITs | -6.07% | |
Industry PE
- Investors are most optimistic about the Hotel and Resort REITs industry which is trading above its 3-year average PE ratio of 13.8x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 66% over the next 5 years.
- In contrast, the Industrial REITs industry is expected to see its earnings decline by 51% 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 | |
|---|---|---|---|---|---|
| FIBRAPL 14 FIBRA Prologis | Mex$71.90 | 8.1% +Mex$7.1b | 10.7% | PB1.1x | |
| VESTA * Corporación Inmobiliaria Vesta. de | Mex$61.99 | 4.2% +Mex$2.2b | 10.6% | PE10x | |
| DANHOS 13 Fibra Danhos | Mex$20.66 | 2.5% +Mex$899.9m | -11.5% | PB0.5x | |
| TERRA 13 FIBRA Terrafina | Mex$42.30 | 2.1% +Mex$672.1m | 27.0% | PB0.9x | |
| FIBRAMQ 12 FIBRA Macquarie México | Mex$30.92 | 2.2% +Mex$542.2m | 10.0% | PB0.7x |