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Mexican (IPC) Market Analysis & Valuation
UpdatedNov 29, 2024
DataAggregated Company Financials
Companies115
- 7D-0.5%
- 3M-4.3%
- 1Y-6.6%
- YTD-9.9%
Over the last 7 days, the market has remained flat, although notably the Energy sector gained 6.8% in that time. Unfortunately though, the market is down 4.7% over the past year. Looking forward, earnings are forecast to grow by 12% annually.
Market Valuation and Performance
Has the Mexican Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 29 Nov 2024 | Mex$8.4t | Mex$7.4t | Mex$602.7b | 11.8x | 13.9x | 1.1x |
| Sun, 27 Oct 2024 | Mex$8.8t | Mex$7.4t | Mex$601.8b | 11.8x | 14.6x | 1.2x |
| Tue, 24 Sep 2024 | Mex$9.0t | Mex$7.4t | Mex$588.6b | 11.8x | 15.3x | 1.2x |
| Thu, 22 Aug 2024 | Mex$9.2t | Mex$7.4t | Mex$589.0b | 11.7x | 15.6x | 1.3x |
| Sat, 20 Jul 2024 | Mex$9.1t | Mex$7.1t | Mex$557.1b | 13.6x | 16.3x | 1.3x |
| Mon, 17 Jun 2024 | Mex$8.8t | Mex$7.1t | Mex$576.8b | 12.5x | 15.3x | 1.2x |
| Wed, 15 May 2024 | Mex$9.7t | Mex$7.0t | Mex$569.3b | 13.9x | 17x | 1.4x |
| Fri, 12 Apr 2024 | Mex$9.4t | Mex$7.1t | Mex$577.8b | 13.4x | 16.3x | 1.3x |
| Sun, 10 Mar 2024 | Mex$9.4t | Mex$7.1t | Mex$585.4b | 13x | 16.1x | 1.3x |
| Tue, 06 Feb 2024 | Mex$9.8t | Mex$7.4t | Mex$632.2b | 13.8x | 15.5x | 1.3x |
| Thu, 04 Jan 2024 | Mex$9.7t | Mex$7.4t | Mex$656.6b | 13.1x | 14.8x | 1.3x |
| Sat, 02 Dec 2023 | Mex$9.3t | Mex$7.4t | Mex$657.5b | 12.4x | 14.2x | 1.3x |
| Mon, 30 Oct 2023 | Mex$8.7t | Mex$7.5t | Mex$656.7b | 12.1x | 13.3x | 1.2x |
| Wed, 27 Sep 2023 | Mex$9.0t | Mex$7.5t | Mex$661.5b | 12.9x | 13.6x | 1.2x |
| Fri, 25 Aug 2023 | Mex$9.3t | Mex$7.4t | Mex$653.8b | 12.8x | 14.2x | 1.2x |
| Sun, 23 Jul 2023 | Mex$9.2t | Mex$7.3t | Mex$651.7b | 12.6x | 14.2x | 1.3x |
| Tue, 20 Jun 2023 | Mex$9.4t | Mex$7.3t | Mex$638.2b | 13.3x | 14.7x | 1.3x |
| Thu, 18 May 2023 | Mex$9.4t | Mex$7.3t | Mex$639.6b | 13.1x | 14.7x | 1.3x |
| Sat, 15 Apr 2023 | Mex$9.6t | Mex$7.2t | Mex$655.8b | 12.5x | 14.6x | 1.3x |
| Mon, 13 Mar 2023 | Mex$9.4t | Mex$7.3t | Mex$665.7b | 11.9x | 14x | 1.3x |
| Wed, 08 Feb 2023 | Mex$9.5t | Mex$7.2t | Mex$667.5b | 11.7x | 14.2x | 1.3x |
| Fri, 06 Jan 2023 | Mex$9.1t | Mex$7.2t | Mex$662.3b | 11.9x | 13.8x | 1.3x |
| Sun, 04 Dec 2022 | Mex$9.2t | Mex$7.3t | Mex$649.0b | 11.9x | 14.1x | 1.3x |
| Tue, 01 Nov 2022 | Mex$9.0t | Mex$8.3t | Mex$2.6t | 11.5x | 3.5x | 1.1x |
| Thu, 29 Sep 2022 | Mex$8.4t | Mex$7.2t | Mex$628.7b | 10.6x | 13.3x | 1.2x |
| Sat, 27 Aug 2022 | Mex$8.6t | Mex$7.2t | Mex$625.9b | 11.4x | 13.7x | 1.2x |
| Mon, 25 Jul 2022 | Mex$8.7t | Mex$7.1t | Mex$628.3b | 11.9x | 13.9x | 1.2x |
| Wed, 22 Jun 2022 | Mex$8.5t | Mex$6.9t | Mex$625.7b | 12.3x | 13.6x | 1.2x |
| Fri, 20 May 2022 | Mex$8.6t | Mex$6.9t | Mex$622.7b | 12x | 13.8x | 1.3x |
| Sun, 17 Apr 2022 | Mex$9.3t | Mex$6.7t | Mex$569.1b | 14.3x | 16.4x | 1.4x |
| Tue, 15 Mar 2022 | Mex$9.1t | Mex$6.7t | Mex$575.8b | 14.1x | 15.8x | 1.4x |
| Thu, 10 Feb 2022 | Mex$9.0t | Mex$6.6t | Mex$596.1b | 13.9x | 15.2x | 1.4x |
| Sat, 08 Jan 2022 | Mex$9.1t | Mex$6.6t | Mex$575.4b | 13.8x | 15.7x | 1.4x |
| Mon, 06 Dec 2021 | Mex$8.7t | Mex$6.7t | Mex$580.5b | 13.1x | 15x | 1.3x |
Price to Earnings Ratio
15x
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 14.6x.
Past Earnings Growth
- The earnings for Mexican listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 3.8% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Sector Trends
Which sectors have driven the changes within the Mexican Market?
| MX Market | -0.47% | |
| Healthcare | 1.35% | |
| Consumer Staples | 1.16% | |
| Industrials | 0.89% | |
| Utilities | 0.35% | |
| Tech | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Real Estate | -0.88% | |
| Financials | -1.24% | |
| Consumer Discretionary | -1.32% | |
| Telecom | -2.24% | |
| Materials | -2.27% | |
| Energy | -4.24% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 18.4x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 25.2%, which is higher than its past year's earnings growth of 6.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 64% over the next 5 years.
- In contrast, the Real Estate sector is expected to see its earnings decline by 27% 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 | Sector | |
|---|---|---|---|---|---|---|
| WALMEX * Wal-Mart de México. de | Mex$53.42 | 2.9% +Mex$26.7b | -21.5% | PE17.4x | Consumer Staples | |
| GFINBUR O Grupo Financiero Inbursa. de | Mex$46.81 | 4.2% +Mex$11.5b | 10.3% | PB1.1x | Financials | |
| GCARSO A1 Grupo Carso. de | Mex$121.57 | 3.9% +Mex$10.3b | -23.8% | PE19.5x | Industrials | |
| FEMSA UBD Fomento Económico Mexicano. de | Mex$179.12 | 1.3% +Mex$8.5b | -18.9% | PE20.7x | Consumer Staples | |
| CUERVO * Becle. de | Mex$26.95 | 8.7% +Mex$7.8b | -8.5% | PE22.2x | Consumer Staples |
