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Mexican (IPC) Market Analysis & Valuation

UpdatedJul 02, 2024
DataAggregated Company Financials
Companies117
  • 7D1.0%
  • 3M-6.3%
  • 1Y-2.6%
  • YTD-6.0%

In the last week, the market has stayed flat, however the Energy sector stood out, gaining 3.8%. Similarly, the market is flat for the past 12 months. Earnings are forecast to grow by 11% annually.

Market Valuation and Performance

Has the Mexican Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Jul 2024Mex$9.0tMex$7.1tMex$583.7b13.1x15.4x1.3x
Thu, 30 May 2024Mex$9.2tMex$7.0tMex$568.6b13.4x16.2x1.3x
Sat, 27 Apr 2024Mex$9.5tMex$7.1tMex$576.0b12.9x16.4x1.3x
Mon, 25 Mar 2024Mex$9.6tMex$7.1tMex$585.2b13.6x16.4x1.4x
Wed, 21 Feb 2024Mex$9.6tMex$7.3tMex$618.6b13.3x15.5x1.3x
Fri, 19 Jan 2024Mex$9.5tMex$7.4tMex$659.0b12.7x14.4x1.3x
Sun, 17 Dec 2023Mex$9.7tMex$7.4tMex$657.6b13x14.8x1.3x
Tue, 14 Nov 2023Mex$8.8tMex$7.4tMex$657.1b11.8x13.4x1.2x
Thu, 12 Oct 2023Mex$8.9tMex$7.5tMex$664.0b12.5x13.3x1.2x
Sat, 09 Sep 2023Mex$9.2tMex$7.5tMex$660.5b12.9x13.9x1.2x
Mon, 07 Aug 2023Mex$9.4tMex$7.5tMex$660.3b13.4x14.2x1.3x
Wed, 05 Jul 2023Mex$9.3tMex$7.3tMex$637.2b13.5x14.7x1.3x
Fri, 02 Jun 2023Mex$9.1tMex$7.3tMex$638.9b13.5x14.2x1.2x
Sun, 30 Apr 2023Mex$9.6tMex$7.4tMex$668.0b12.8x14.3x1.3x
Tue, 28 Mar 2023Mex$9.4tMex$7.3tMex$666.7b12x14.1x1.3x
Thu, 23 Feb 2023Mex$9.4tMex$7.2tMex$669.6b11.7x14x1.3x
Sat, 21 Jan 2023Mex$9.5tMex$7.2tMex$659.1b11.9x14.5x1.3x
Mon, 19 Dec 2022Mex$8.9tMex$7.3tMex$651.5b11.8x13.7x1.2x
Wed, 16 Nov 2022Mex$9.2tMex$7.3tMex$649.2b11.5x14.1x1.3x
Fri, 14 Oct 2022Mex$8.4tMex$7.2tMex$627.0b10.6x13.3x1.2x
Sun, 11 Sep 2022Mex$8.5tMex$7.2tMex$625.7b11.3x13.6x1.2x
Tue, 09 Aug 2022Mex$8.6tMex$7.2tMex$628.0b11.6x13.8x1.2x
Thu, 07 Jul 2022Mex$8.6tMex$7.0tMex$636.6b12.1x13.5x1.2x
Sat, 04 Jun 2022Mex$8.8tMex$6.8tMex$618.2b12.1x14.2x1.3x
Mon, 02 May 2022Mex$9.1tMex$6.9tMex$566.8b12.7x16x1.3x
Wed, 30 Mar 2022Mex$9.5tMex$6.7tMex$569.0b13.8x16.7x1.4x
Fri, 25 Feb 2022Mex$8.9tMex$6.6tMex$577.0b13.8x15.5x1.4x
Sun, 23 Jan 2022Mex$8.9tMex$6.6tMex$577.5b13.7x15.4x1.3x
Tue, 21 Dec 2021Mex$8.9tMex$6.6tMex$577.3b13.8x15.4x1.3x
Thu, 18 Nov 2021Mex$8.9tMex$6.7tMex$587.4b12.7x15.1x1.3x
Sat, 16 Oct 2021Mex$8.9tMex$6.5tMex$530.1b12.9x16.9x1.4x
Mon, 13 Sep 2021Mex$8.8tMex$6.4tMex$527.9b12.9x16.7x1.4x
Wed, 11 Aug 2021Mex$9.8tMex$6.4tMex$530.1b13.6x18.5x1.5x
Price to Earnings Ratio

18.1x


Total Market Cap: Mex$9.6tTotal Earnings: Mex$530.1bTotal Revenue: Mex$6.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Market Price to Earnings3Y Average 14.8x202220232024
Current Market PE
  • Investors are relatively neutral on the Mexican market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 14.8x.
Past Earnings Growth
  • The earnings for Mexican listed companies have grown 3.3% per year over the last three years.
  • Revenues for these companies have grown 3.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Mexican Market?

MX Market0.98%
Energy3.84%
Consumer Discretionary3.23%
Telecom3.05%
Materials2.22%
Consumer Staples1.19%
Healthcare0.17%
Financials0.16%
Tech0%
Utilities-1.30%
Real Estate-1.40%
Industrials-1.46%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 18.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 14.5% which is higher than its past year's earnings decline of 3.4% per year.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 9.2x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings decline of 7.1% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 24% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
GMEXICO B Grupo México. deMex$100.844.9%
+Mex$36.6b		18.0%PE13.3xMaterials
AMX B América Móvil. deMex$15.733.8%
+Mex$33.9b		-15.6%PE16.3xTelecom
WALMEX * Wal-Mart de México. deMex$62.533.1%
+Mex$33.0b		-9.3%PE20.5xConsumer Staples
FEMSA UBD Fomento Económico Mexicano. deMex$198.672.3%
+Mex$15.8b		3.1%PE24.9xConsumer Staples
LIVEPOL C-1 El Puerto de Liverpool. deMex$133.054.9%
+Mex$8.3b		27.4%PE8.8xConsumer Discretionary
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Kimberly-Clark de México S. A. B. de C. V

7D

-4.1%

1Y

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GMEXICO B

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Mex$15.73

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3.8%

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ASUR B

Mex$555.88

Grupo Aeroportuario del Sureste S. A. B. de C. V

7D

-3.6%

1Y

12.7%

BIMBO A

Mex$66.82

Grupo Bimbo. de

7D

1.5%

1Y

-28.0%

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GAP B

Mex$285.70

Grupo Aeroportuario del Pacífico. de

7D

-2.7%

1Y

-12.3%

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GCARSO A1

Mex$131.59

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-1.7%

1Y

4.5%

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FEMSA UBD

Mex$198.67

Fomento Económico Mexicano. de

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2.3%

1Y

3.1%

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GFNORTE O

Mex$146.51

Grupo Financiero Banorte. de

7D

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1Y

3.0%

LIVEPOL C-1

Mex$133.05

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4.9%

1Y

27.4%

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Mex$177.45

Arca Continental. de

7D

-2.3%

1Y

-0.3%

GFINBUR O

Mex$44.12

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7D

2.2%

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Mex$62.53

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3.1%

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FRAGUA B

Mex$930.88

Corporativo Fragua. de

7D

4.2%

1Y

94.7%

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BACHOCO B

Mex$85.00

Industrias Bachoco. de

7D

-7.6%

1Y

3.5%