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Mexican (IPC) Market Analysis & Valuation

UpdatedNov 26, 2024
DataAggregated Company Financials
Companies115
  • 7D-1.0%
  • 3M-3.8%
  • 1Y-3.3%
  • YTD-9.7%

In the last week, the market has stayed flat, however the Energy sector stood out, gaining 11%. As for last year, the market is down 3.3%. Earnings are forecast to grow by 12% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 Nov 2024Mex$8.5tMex$7.4tMex$602.0b11.8x14.1x1.1x
Thu, 24 Oct 2024Mex$8.9tMex$7.3tMex$594.7b11.8x15x1.2x
Sat, 21 Sep 2024Mex$9.1tMex$7.4tMex$588.6b11.8x15.5x1.2x
Mon, 19 Aug 2024Mex$9.2tMex$7.3tMex$585.1b11.7x15.8x1.3x
Wed, 17 Jul 2024Mex$9.3tMex$7.1tMex$582.8b13.7x16x1.3x
Fri, 14 Jun 2024Mex$8.9tMex$7.1tMex$576.8b12.7x15.4x1.2x
Sun, 12 May 2024Mex$9.7tMex$7.0tMex$568.8b14.4x17x1.4x
Tue, 09 Apr 2024Mex$9.6tMex$7.1tMex$579.5b13.6x16.6x1.4x
Thu, 07 Mar 2024Mex$9.5tMex$7.1tMex$584.9b13.5x16.2x1.3x
Sat, 03 Feb 2024Mex$9.9tMex$7.4tMex$657.0b13x15x1.3x
Mon, 01 Jan 2024Mex$9.9tMex$7.4tMex$656.4b13.5x15.1x1.3x
Wed, 29 Nov 2023Mex$9.1tMex$7.4tMex$657.2b11.9x13.8x1.2x
Fri, 27 Oct 2023Mex$8.7tMex$7.5tMex$660.0b12x13.1x1.2x
Sun, 24 Sep 2023Mex$9.1tMex$7.5tMex$659.5b12.9x13.7x1.2x
Tue, 22 Aug 2023Mex$9.2tMex$7.4tMex$654.3b12.9x14.1x1.2x
Thu, 20 Jul 2023Mex$9.3tMex$7.3tMex$645.8b13.1x14.4x1.3x
Sat, 17 Jun 2023Mex$9.4tMex$7.3tMex$638.0b13.4x14.8x1.3x
Mon, 15 May 2023Mex$9.6tMex$7.4tMex$667.3b13.2x14.3x1.3x
Wed, 12 Apr 2023Mex$9.6tMex$7.3tMex$662.2b12.1x14.5x1.3x
Fri, 10 Mar 2023Mex$9.4tMex$7.3tMex$659.4b12.1x14.3x1.3x
Sun, 05 Feb 2023Mex$9.5tMex$7.2tMex$672.8b11.7x14.2x1.3x
Tue, 03 Jan 2023Mex$8.8tMex$7.2tMex$663.1b11.8x13.3x1.2x
Thu, 01 Dec 2022Mex$9.2tMex$7.3tMex$649.2b11.3x14.1x1.3x
Sat, 29 Oct 2022Mex$8.8tMex$7.3tMex$649.4b11.5x13.6x1.2x
Mon, 26 Sep 2022Mex$8.4tMex$7.2tMex$627.8b10.8x13.3x1.2x
Wed, 24 Aug 2022Mex$8.7tMex$7.2tMex$626.4b11.4x13.9x1.2x
Fri, 22 Jul 2022Mex$8.6tMex$7.0tMex$594.9b11.9x14.5x1.2x
Sun, 19 Jun 2022Mex$8.5tMex$6.9tMex$628.8b12.1x13.6x1.2x
Tue, 17 May 2022Mex$8.5tMex$6.9tMex$619.0b12x13.7x1.2x
Thu, 14 Apr 2022Mex$9.3tMex$6.7tMex$568.2b14.3x16.4x1.4x
Sat, 12 Mar 2022Mex$9.2tMex$6.7tMex$578.9b14.5x15.9x1.4x
Mon, 07 Feb 2022Mex$8.8tMex$6.6tMex$597.6b13.8x14.8x1.3x
Wed, 05 Jan 2022Mex$9.1tMex$6.6tMex$575.8b14x15.8x1.4x
Fri, 03 Dec 2021Mex$8.7tMex$6.6tMex$579.7b13x15.1x1.3x
Price to Earnings Ratio

15.1x


Total Market Cap: Mex$8.7tTotal Earnings: Mex$579.7bTotal 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 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-0.95%
Energy11.17%
Industrials1.09%
Financials0.53%
Tech0%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Materials-0.37%
Utilities-0.46%
Real Estate-1.06%
Consumer Discretionary-2.07%
Consumer Staples-2.33%
Telecom-2.71%
Healthcare-2.92%
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?

CompanyLast Price7D1YValuationSector
GFINBUR O Grupo Financiero Inbursa. deMex$46.825.0%
+Mex$13.7b		13.0%PB1.1xFinancials
VISTA A Vista Energy. deMex$1.12k11.2%
+Mex$10.7b		104.3%PE10.2xEnergy
AC * Arca Continental. deMex$176.123.6%
+Mex$10.5b		1.7%PE15.9xConsumer Staples
CEMEX CPO CEMEX. deMex$11.734.7%
+Mex$7.7b		1.7%PE29xMaterials
ALEATIC * Aleatica. deMex$91.074.6%
+Mex$7.0b		n/aPE75.9xIndustrials
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BIMBO A

Mex$60.24

Grupo Bimbo. de

7D

-4.4%

1Y

-29.7%

Grupo Bimbo. de (BMV:BIMBOA) Takes On Some Risk With Its Use Of Debt

Nov 23
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CEMEX CPO

Mex$11.73

CEMEX. de

7D

4.7%

1Y

1.7%

Getting In Cheap On CEMEX, S.A.B. de C.V. (BMV:CEMEXCPO) Might Be Difficult

Nov 22
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WALMEX *

Mex$53.25

Wal-Mart de México. de

7D

-3.2%

1Y

-19.9%

FRAGUA B

Mex$698.42

Corporativo Fragua. de

7D

-14.8%

1Y

47.0%

Corporativo Fragua. de (BMV:FRAGUAB) Seems To Use Debt Quite Sensibly

Nov 19
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CHDRAUI B

Mex$131.43

Grupo Comercial Chedraui. de

7D

2.9%

1Y

29.1%

AMX B

Mex$15.04

América Móvil. de

7D

-2.7%

1Y

-1.0%

Is América Móvil. de (BMV:AMXB) Using Too Much Debt?

Nov 18
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PINFRA *

Mex$192.21

Promotora y Operadora de Infraestructura S. A. B. de C. V

7D

8.9%

1Y

15.3%

Promotora y Operadora de Infraestructura, S. A. B. de C. V. (BMV:PINFRA) Looks Inexpensive But Perhaps Not Attractive Enough

Nov 16
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GMEXICO B

Mex$100.05

Grupo México. de

7D

-1.4%

1Y

35.5%

Grupo México. de (BMV:GMEXICOB) Is Paying Out A Larger Dividend Than Last Year

Nov 16
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ALEATIC *

Mex$91.07

Aleatica. de

7D

4.6%

1Y

n/a

OMA B

Mex$168.38

Grupo Aeroportuario del Centro Norte. de

7D

5.0%

1Y

10.7%

GFNORTE O

Mex$138.63

Grupo Financiero Banorte. de

7D

-1.1%

1Y

-13.0%

AC *

Mex$176.12

Arca Continental. de

7D

3.6%

1Y

1.7%

FEMSA UBD

Mex$179.51

Fomento Económico Mexicano. de

7D

-2.3%

1Y

-15.1%

VISTA A

Mex$1,120.00

Vista Energy. de

7D

11.2%

1Y

104.3%

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Oct 30
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GFINBUR O

Mex$46.82

Grupo Financiero Inbursa. de

7D

5.0%

1Y

13.0%

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Oct 24
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BACHOCO B

Mex$85.00

Industrias Bachoco. de

7D

-7.6%

1Y

3.5%