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Mexican (IPC) Market Analysis & Valuation

UpdatedDec 19, 2024
DataAggregated Company Financials
Companies117
  • 7D-2.5%
  • 3M-5.3%
  • 1Y-12.6%
  • YTD-11.5%

Over the last 7 days, the market has dropped 2.5%, driven by a pullback of 5.2% in the Materials sector. In the last 12 months the market is down 13%. As for the next few years, earnings are expected to grow by 13% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Dec 2024Mex$8.7tMex$7.6tMex$611.9b11.7x14.2x1.2x
Sat, 16 Nov 2024Mex$8.5tMex$7.4tMex$602.5b11.6x14.1x1.1x
Mon, 14 Oct 2024Mex$9.1tMex$7.3tMex$587.1b12.2x15.5x1.2x
Wed, 11 Sep 2024Mex$9.0tMex$7.4tMex$592.5b11.6x15.1x1.2x
Fri, 09 Aug 2024Mex$9.0tMex$7.3tMex$586.4b11.5x15.4x1.2x
Sun, 07 Jul 2024Mex$9.0tMex$7.1tMex$582.8b12.6x15.4x1.3x
Tue, 04 Jun 2024Mex$9.2tMex$7.1tMex$572.7b13.6x16.1x1.3x
Thu, 02 May 2024Mex$9.4tMex$7.1tMex$569.5b13.4x16.5x1.3x
Sat, 30 Mar 2024Mex$9.7tMex$7.1tMex$582.6b13.8x16.6x1.4x
Mon, 26 Feb 2024Mex$9.7tMex$7.2tMex$583.7b13.7x16.6x1.3x
Wed, 24 Jan 2024Mex$9.4tMex$7.4tMex$662.6b12.8x14.3x1.3x
Fri, 22 Dec 2023Mex$9.7tMex$7.4tMex$656.7b13x14.8x1.3x
Sun, 19 Nov 2023Mex$9.0tMex$7.4tMex$656.9b11.8x13.7x1.2x
Tue, 17 Oct 2023Mex$8.7tMex$7.5tMex$664.3b12.3x13.1x1.2x
Thu, 14 Sep 2023Mex$9.1tMex$7.5tMex$659.4b12.9x13.8x1.2x
Sat, 12 Aug 2023Mex$9.3tMex$7.5tMex$659.9b13.2x14.1x1.3x
Mon, 10 Jul 2023Mex$9.3tMex$7.3tMex$636.5b13.7x14.6x1.3x
Wed, 07 Jun 2023Mex$9.2tMex$7.3tMex$637.9b13.3x14.5x1.3x
Fri, 05 May 2023Mex$9.5tMex$7.4tMex$669.5b12.9x14.2x1.3x
Sun, 02 Apr 2023Mex$9.5tMex$7.2tMex$660.7b12x14.4x1.3x
Tue, 28 Feb 2023Mex$9.4tMex$7.4tMex$668.5b11.4x14x1.3x
Thu, 26 Jan 2023Mex$9.7tMex$7.2tMex$661.7b12x14.6x1.3x
Sat, 24 Dec 2022Mex$9.1tMex$7.3tMex$649.0b11.7x14x1.2x
Mon, 21 Nov 2022Mex$9.2tMex$7.3tMex$649.7b11.5x14.1x1.3x
Wed, 19 Oct 2022Mex$8.4tMex$7.2tMex$627.2b10.8x13.4x1.2x
Fri, 16 Sep 2022Mex$8.5tMex$7.2tMex$626.7b11.3x13.5x1.2x
Sun, 14 Aug 2022Mex$8.8tMex$7.2tMex$625.8b11.6x14.1x1.2x
Tue, 12 Jul 2022Mex$8.6tMex$7.0tMex$636.5b12x13.5x1.2x
Thu, 09 Jun 2022Mex$8.7tMex$6.8tMex$618.0b12.1x14.1x1.3x
Sat, 07 May 2022Mex$8.6tMex$6.9tMex$624.1b12.1x13.8x1.3x
Mon, 04 Apr 2022Mex$9.7tMex$6.7tMex$568.1b14.7x17.1x1.5x
Wed, 02 Mar 2022Mex$9.2tMex$6.7tMex$590.6b13.5x15.6x1.4x
Fri, 28 Jan 2022Mex$8.7tMex$6.6tMex$582.5b13.5x14.9x1.3x
Sun, 26 Dec 2021Mex$9.1tMex$6.6tMex$576.5b14x15.7x1.4x
Price to Earnings Ratio

15.7x


Total Market Cap: Mex$9.1tTotal Earnings: Mex$576.5bTotal Revenue: Mex$6.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Market Price to Earnings3Y Average 14.6x202220232024
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 grown 2.0% per year over the last three years.
  • Revenues for these companies have grown 4.5% 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 Market-2.54%
Utilities0.62%
Tech0%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Industrials-0.56%
Real Estate-0.60%
Consumer Discretionary-1.10%
Consumer Staples-1.20%
Healthcare-2.43%
Energy-3.80%
Telecom-4.11%
Financials-4.24%
Materials-5.15%
Sector PE
  • Investors favour the Telecom 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 27.9%, 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?

CompanyLast Price7D1YValuationSector
WALMEX * Wal-Mart de México. deMex$58.332.2%
+Mex$21.5b		-17.6%PE19xConsumer Staples
ASUR B Grupo Aeroportuario del Sureste S. A. B. de C. VMex$549.262.6%
+Mex$4.2b		9.0%PE13xIndustrials
CEMEX CPO CEMEX. deMex$11.331.9%
+Mex$3.0b		-15.8%PE27.9xMaterials
GCARSO A1 Grupo Carso. deMex$117.260.5%
+Mex$1.4b		-33.4%PE18.8xIndustrials
FIHO 12 FibraHotelMex$10.0313.5%
+Mex$936.8m		0.2%PB0.6xReal Estate
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This is our last newsletter of the year and a good time to focus on the third of those principles - the investing lessons we can all take from 2024...

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FIHO 12

Mex$10.03

FibraHotel

7D

13.5%

1Y

0.2%

BEVIDES B

Mex$22.00

Farmacias Benavides. de

7D

10.0%

1Y

15.8%

Farmacias Benavides. de (BMV:BEVIDESB) Seems To Use Debt Quite Sensibly

Dec 18
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GCARSO A1

Mex$117.26

Grupo Carso. de

7D

0.5%

1Y

-33.4%

Grupo Carso. de (BMV:GCARSOA1) Has Announced A Dividend Of MX$0.75

Dec 15
Grupo Carso. de (BMV:GCARSOA1) Has Announced A Dividend Of MX$0.75

GMEXICO B

Mex$99.21

Grupo México. de

7D

-6.2%

1Y

13.6%

CEMEX CPO

Mex$11.33

CEMEX. de

7D

1.9%

1Y

-15.8%

AC *

Mex$175.10

Arca Continental. de

7D

-4.7%

1Y

-6.7%

Arca Continental. de (BMV:AC) Is Experiencing Growth In Returns On Capital

Dec 09
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FEMSA UBD

Mex$176.67

Fomento Económico Mexicano. de

7D

-1.7%

1Y

-21.1%

Fomento Económico Mexicano. de's (BMV:FEMSAUBD) Returns Have Hit A Wall

Dec 04
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AMX B

Mex$14.67

América Móvil. de

7D

-4.2%

1Y

-6.6%

América Móvil. de (BMV:AMXB) Hasn't Managed To Accelerate Its Returns

Dec 03
América Móvil. de (BMV:AMXB) Hasn't Managed To Accelerate Its Returns

ASUR B

Mex$549.26

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

7D

2.6%

1Y

9.0%

Earnings Not Telling The Story For Grupo Aeroportuario del Sureste, S. A. B. de C. V. (BMV:ASURB)

Dec 03
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WALMEX *

Mex$58.33

Wal-Mart de México. de

7D

2.2%

1Y

-17.6%

Wal-Mart de México, S.A.B. de C.V.'s (BMV:WALMEX) Price Is Out Of Tune With Earnings

Dec 02
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KUO B

Mex$44.00

Grupo KUO. de

7D

4.8%

1Y

10.0%

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Nov 26
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BIMBO A

Mex$55.89

Grupo Bimbo. de

7D

-4.3%

1Y

-35.7%

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Nov 23
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PE&OLES *

Mex$293.57

Industrias Peñoles. de

7D

-12.4%

1Y

21.2%

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GFNORTE O

Mex$135.41

Grupo Financiero Banorte. de

7D

-3.2%

1Y

-20.6%

VESTA *

Mex$51.32

Corporación Inmobiliaria Vesta. de

7D

1.9%

1Y

-22.9%

Corporación Inmobiliaria Vesta. de's (BMV:VESTA) Earnings Are Weaker Than They Seem

Nov 02
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GFINBUR O

Mex$44.41

Grupo Financiero Inbursa. de

7D

-8.0%

1Y

-0.8%

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