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Mexican (IPC) Market Analysis & Valuation
UpdatedDec 23, 2024
DataAggregated Company Financials
Companies117
- 7D-2.9%
- 3M-7.9%
- 1Y-14.0%
- YTD-12.2%
Over the last 7 days, the market has dropped 2.9%, driven by losses in every sector, especially the Consumer Staples sector. As for last year, the market is also down 14%. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 23 Dec 2024 | Mex$8.5t | Mex$7.5t | Mex$610.0b | 11.7x | 14x | 1.1x |
| Wed, 20 Nov 2024 | Mex$8.5t | Mex$7.4t | Mex$600.8b | 11.6x | 14.1x | 1.1x |
| Fri, 18 Oct 2024 | Mex$9.1t | Mex$7.4t | Mex$594.9b | 12x | 15.3x | 1.2x |
| Sun, 15 Sep 2024 | Mex$9.0t | Mex$7.3t | Mex$587.5b | 11.7x | 15.4x | 1.2x |
| Tue, 13 Aug 2024 | Mex$9.1t | Mex$7.3t | Mex$587.1b | 11.5x | 15.6x | 1.2x |
| Thu, 11 Jul 2024 | Mex$9.2t | Mex$7.1t | Mex$581.9b | 12.9x | 15.8x | 1.3x |
| Sat, 08 Jun 2024 | Mex$9.2t | Mex$7.1t | Mex$576.1b | 12.6x | 15.9x | 1.3x |
| Mon, 06 May 2024 | Mex$9.4t | Mex$7.1t | Mex$569.0b | 13.2x | 16.6x | 1.3x |
| Wed, 03 Apr 2024 | Mex$9.6t | Mex$7.1t | Mex$580.6b | 13.7x | 16.5x | 1.4x |
| Fri, 01 Mar 2024 | Mex$9.5t | Mex$7.1t | Mex$582.1b | 13.9x | 16.3x | 1.3x |
| Sun, 28 Jan 2024 | Mex$9.8t | Mex$7.4t | Mex$662.2b | 12.9x | 14.7x | 1.3x |
| Tue, 26 Dec 2023 | Mex$9.8t | Mex$7.4t | Mex$656.4b | 13.2x | 15x | 1.3x |
| Thu, 23 Nov 2023 | Mex$9.0t | Mex$7.4t | Mex$656.8b | 11.7x | 13.7x | 1.2x |
| Sat, 21 Oct 2023 | Mex$8.7t | Mex$7.5t | Mex$659.2b | 12.1x | 13.1x | 1.2x |
| Mon, 18 Sep 2023 | Mex$9.0t | Mex$7.4t | Mex$659.0b | 12.7x | 13.7x | 1.2x |
| Wed, 16 Aug 2023 | Mex$9.2t | Mex$7.4t | Mex$654.9b | 13.2x | 14.1x | 1.2x |
| Fri, 14 Jul 2023 | Mex$9.3t | Mex$7.3t | Mex$634.8b | 13.5x | 14.6x | 1.3x |
| Sun, 11 Jun 2023 | Mex$9.3t | Mex$7.3t | Mex$638.1b | 13.5x | 14.6x | 1.3x |
| Tue, 09 May 2023 | Mex$9.5t | Mex$7.4t | Mex$667.8b | 13.2x | 14.3x | 1.3x |
| Thu, 06 Apr 2023 | Mex$9.4t | Mex$7.3t | Mex$662.3b | 12x | 14.2x | 1.3x |
| Sat, 04 Mar 2023 | Mex$9.5t | Mex$7.3t | Mex$661.8b | 11.6x | 14.4x | 1.3x |
| Mon, 30 Jan 2023 | Mex$9.7t | Mex$7.2t | Mex$663.8b | 12x | 14.6x | 1.3x |
| Wed, 28 Dec 2022 | Mex$9.1t | Mex$7.3t | Mex$649.7b | 11.7x | 13.9x | 1.2x |
| Fri, 25 Nov 2022 | Mex$9.3t | Mex$7.3t | Mex$649.0b | 11.5x | 14.3x | 1.3x |
| Sun, 23 Oct 2022 | Mex$8.5t | Mex$7.3t | Mex$636.0b | 10.8x | 13.4x | 1.2x |
| Tue, 20 Sep 2022 | Mex$8.5t | Mex$7.2t | Mex$626.3b | 11.2x | 13.5x | 1.2x |
| Thu, 18 Aug 2022 | Mex$8.8t | Mex$7.2t | Mex$626.6b | 11.6x | 14.1x | 1.2x |
| Sat, 16 Jul 2022 | Mex$8.6t | Mex$7.0t | Mex$610.7b | 11.9x | 14x | 1.2x |
| Mon, 13 Jun 2022 | Mex$8.5t | Mex$6.9t | Mex$623.8b | 12.1x | 13.7x | 1.2x |
| Wed, 11 May 2022 | Mex$8.5t | Mex$6.9t | Mex$619.2b | 12.1x | 13.7x | 1.2x |
| Fri, 08 Apr 2022 | Mex$9.5t | Mex$6.7t | Mex$569.4b | 14.8x | 16.7x | 1.4x |
| Sun, 06 Mar 2022 | Mex$9.2t | Mex$6.7t | Mex$588.6b | 14x | 15.7x | 1.4x |
| Tue, 01 Feb 2022 | Mex$8.8t | Mex$6.6t | Mex$587.4b | 14x | 15x | 1.3x |
| Thu, 30 Dec 2021 | Mex$9.1t | Mex$6.6t | Mex$576.3b | 14.3x | 15.7x | 1.4x |
Price to Earnings Ratio
15.7x
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 4.4% 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 | -2.86% | |
| Tech | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Utilities | -0.031% | |
| Consumer Discretionary | -0.34% | |
| Real Estate | -0.77% | |
| Consumer Staples | -2.23% | |
| Telecom | -3.04% | |
| Industrials | -3.37% | |
| Financials | -3.57% | |
| Materials | -3.75% | |
| Healthcare | -4.97% | |
| Energy | -8.77% | |
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 27.8%, 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 | |
|---|---|---|---|---|---|---|
| KIMBER A Kimberly-Clark de México S. A. B. de C. V | Mex$29.49 | 4.6% +Mex$3.9b | -22.3% | PE11.3x | Consumer Staples | |
| TERRA 13 FIBRA Terrafina | Mex$39.78 | 9.4% +Mex$2.7b | 12.1% | PB0.7x | Real Estate | |
| Q * Quálitas Controladora. de | Mex$166.57 | 3.6% +Mex$2.3b | -2.6% | PE13.5x | Financials | |
| GIGANTE * Grupo Gigante S. A. B. de C. V | Mex$28.00 | 7.1% +Mex$1.8b | -5.1% | PE16.8x | Consumer Discretionary | |
| CEMEX CPO CEMEX. de | Mex$11.30 | 1.0% +Mex$1.6b | -18.8% | PE28.3x | Materials |
