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Mexican (IPC) Market Analysis & Valuation
UpdatedNov 27, 2024
DataAggregated Company Financials
Companies115
- 7D-0.9%
- 3M-3.9%
- 1Y-4.1%
- YTD-10.2%
Over the last 7 days, the market has remained flat, although notably the Energy sector gained 9.2% in that time. Unfortunately though, the market is down 4.1% over the past year. As for the next few years, earnings are expected to grow by 11% per annum.
Market Valuation and Performance
Has the Mexican Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 28 Nov 2024 | Mex$8.4t | Mex$7.4t | Mex$604.1b | 11.5x | 14x | 1.1x |
| Sat, 26 Oct 2024 | Mex$8.8t | Mex$7.4t | Mex$600.0b | 11.4x | 14.7x | 1.2x |
| Mon, 23 Sep 2024 | Mex$9.0t | Mex$7.4t | Mex$588.6b | 11.8x | 15.3x | 1.2x |
| Wed, 21 Aug 2024 | Mex$9.2t | Mex$7.3t | Mex$587.1b | 11.9x | 15.8x | 1.3x |
| Fri, 19 Jul 2024 | Mex$9.2t | Mex$7.1t | Mex$557.4b | 13.6x | 16.5x | 1.3x |
| Sun, 16 Jun 2024 | Mex$8.8t | Mex$7.1t | Mex$576.8b | 12.5x | 15.3x | 1.2x |
| Tue, 14 May 2024 | Mex$9.7t | Mex$7.0t | Mex$569.1b | 14.1x | 17x | 1.4x |
| Thu, 11 Apr 2024 | Mex$9.6t | Mex$7.0t | Mex$577.3b | 13.7x | 16.6x | 1.4x |
| Sat, 09 Mar 2024 | Mex$9.4t | Mex$7.1t | Mex$586.0b | 13x | 16.1x | 1.3x |
| Mon, 05 Feb 2024 | Mex$9.9t | Mex$7.4t | Mex$657.1b | 13x | 15x | 1.3x |
| Wed, 03 Jan 2024 | Mex$9.9t | Mex$7.4t | Mex$656.6b | 13.6x | 15x | 1.3x |
| Fri, 01 Dec 2023 | Mex$9.2t | Mex$7.4t | Mex$658.4b | 12.3x | 13.9x | 1.2x |
| Sun, 29 Oct 2023 | Mex$8.7t | Mex$7.5t | Mex$653.9b | 12.4x | 13.4x | 1.2x |
| Tue, 26 Sep 2023 | Mex$9.1t | Mex$7.5t | Mex$660.8b | 12.9x | 13.7x | 1.2x |
| Thu, 24 Aug 2023 | Mex$9.2t | Mex$7.4t | Mex$653.7b | 12.7x | 14.1x | 1.2x |
| Sat, 22 Jul 2023 | Mex$9.2t | Mex$7.3t | Mex$651.7b | 12.6x | 14.1x | 1.3x |
| Mon, 19 Jun 2023 | Mex$9.4t | Mex$7.3t | Mex$638.0b | 13.3x | 14.7x | 1.3x |
| Wed, 17 May 2023 | Mex$9.6t | Mex$7.4t | Mex$665.6b | 13.1x | 14.4x | 1.3x |
| Fri, 14 Apr 2023 | Mex$9.6t | Mex$7.2t | Mex$655.7b | 12.6x | 14.7x | 1.3x |
| Sun, 12 Mar 2023 | Mex$9.4t | Mex$7.3t | Mex$661.7b | 12.1x | 14.1x | 1.3x |
| Tue, 07 Feb 2023 | Mex$9.5t | Mex$7.2t | Mex$674.4b | 11.7x | 14.2x | 1.3x |
| Thu, 05 Jan 2023 | Mex$9.0t | Mex$7.2t | Mex$662.5b | 11.9x | 13.6x | 1.2x |
| Sat, 03 Dec 2022 | Mex$9.2t | Mex$7.3t | Mex$649.0b | 11.9x | 14.1x | 1.3x |
| Mon, 31 Oct 2022 | Mex$8.8t | Mex$7.3t | Mex$649.7b | 11.4x | 13.6x | 1.2x |
| Wed, 28 Sep 2022 | Mex$8.3t | Mex$7.2t | Mex$628.9b | 10.6x | 13.2x | 1.1x |
| Fri, 26 Aug 2022 | Mex$8.6t | Mex$7.2t | Mex$625.9b | 11.4x | 13.8x | 1.2x |
| Sun, 24 Jul 2022 | Mex$8.6t | Mex$7.1t | Mex$606.9b | 11.9x | 14.2x | 1.2x |
| Tue, 21 Jun 2022 | Mex$8.5t | Mex$6.9t | Mex$625.8b | 12.2x | 13.6x | 1.2x |
| Thu, 19 May 2022 | Mex$8.7t | Mex$6.9t | Mex$621.8b | 11.8x | 14x | 1.3x |
| Sat, 16 Apr 2022 | Mex$9.3t | Mex$6.7t | Mex$569.1b | 14.3x | 16.4x | 1.4x |
| Mon, 14 Mar 2022 | Mex$9.2t | Mex$6.7t | Mex$576.2b | 14.5x | 15.9x | 1.4x |
| Wed, 09 Feb 2022 | Mex$9.0t | Mex$6.6t | Mex$596.9b | 13.7x | 15x | 1.4x |
| Fri, 07 Jan 2022 | Mex$9.1t | Mex$6.6t | Mex$575.4b | 13.9x | 15.7x | 1.4x |
| Sun, 05 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 | -0.90% | |
| Energy | 9.23% | |
| Telecom | 0.91% | |
| Tech | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Industrials | -0.045% | |
| Utilities | -0.27% | |
| Consumer Staples | -0.73% | |
| Real Estate | -1.25% | |
| Materials | -2.28% | |
| Financials | -2.37% | |
| Consumer Discretionary | -2.53% | |
| Healthcare | -3.06% | |
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 25.3%, 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 29% 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$54.32 | 1.9% +Mex$17.4b | -18.9% | PE17.7x | Consumer Staples | |
| GCARSO A1 Grupo Carso. de | Mex$121.01 | 4.7% +Mex$12.2b | -19.1% | PE19.4x | Industrials | |
| GFINBUR O Grupo Financiero Inbursa. de | Mex$46.39 | 3.0% +Mex$8.3b | 11.2% | PB1.1x | Financials | |
| VISTA A Vista Energy. de | Mex$1.11k | 6.8% +Mex$6.7b | 110.7% | PE9.9x | Energy | |
| GAP B Grupo Aeroportuario del Pacífico. de | Mex$384.68 | 2.7% +Mex$5.1b | 51.6% | PE22.2x | Industrials |
