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Mexican (IPC) Market Analysis & Valuation

UpdatedNov 24, 2024
DataAggregated Company Financials
Companies115
  • 7D-0.3%
  • 3M-4.4%
  • 1Y-4.0%
  • YTD-9.1%

Over the last 7 days, the market has remained flat, although notably the Energy sector gained 15% in that time. The past year hasn't been profitable, with the market dropping 4.0%. As for the next few years, earnings are expected to grow by 12% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 Nov 2024Mex$8.5tMex$7.4tMex$603.0b11.7x14.1x1.1x
Tue, 22 Oct 2024Mex$9.2tMex$7.4tMex$594.9b12.2x15.4x1.2x
Thu, 19 Sep 2024Mex$9.1tMex$7.4tMex$588.0b11.9x15.4x1.2x
Sat, 17 Aug 2024Mex$9.3tMex$7.3tMex$585.1b11.7x15.8x1.3x
Mon, 15 Jul 2024Mex$9.4tMex$7.1tMex$582.6b13.6x16.1x1.3x
Wed, 12 Jun 2024Mex$9.0tMex$7.1tMex$577.2b12.6x15.6x1.3x
Fri, 10 May 2024Mex$9.5tMex$7.0tMex$567.8b13x16.7x1.3x
Sun, 07 Apr 2024Mex$9.6tMex$7.1tMex$580.1b13.7x16.6x1.4x
Tue, 05 Mar 2024Mex$9.5tMex$7.1tMex$585.1b13.8x16.2x1.3x
Thu, 01 Feb 2024Mex$9.8tMex$7.4tMex$656.8b13.2x15x1.3x
Sat, 30 Dec 2023Mex$9.9tMex$7.4tMex$656.4b13.5x15.1x1.3x
Mon, 27 Nov 2023Mex$9.2tMex$7.4tMex$657.1b11.9x14x1.2x
Wed, 25 Oct 2023Mex$8.6tMex$7.5tMex$655.5b12.3x13.1x1.2x
Fri, 22 Sep 2023Mex$9.2tMex$7.5tMex$659.9b12.8x13.9x1.2x
Sun, 20 Aug 2023Mex$9.2tMex$7.4tMex$654.5b12.9x14.1x1.2x
Tue, 18 Jul 2023Mex$9.3tMex$7.3tMex$645.9b13x14.3x1.3x
Thu, 15 Jun 2023Mex$9.3tMex$7.3tMex$637.3b13.4x14.6x1.3x
Sat, 13 May 2023Mex$9.6tMex$7.4tMex$667.3b13.2x14.3x1.3x
Mon, 10 Apr 2023Mex$9.4tMex$7.2tMex$661.9b12x14.3x1.3x
Wed, 08 Mar 2023Mex$9.4tMex$7.3tMex$662.6b11.5x14.1x1.3x
Fri, 03 Feb 2023Mex$9.5tMex$7.2tMex$671.0b11.7x14.2x1.3x
Sun, 01 Jan 2023Mex$8.9tMex$7.2tMex$663.1b11.8x13.4x1.2x
Tue, 29 Nov 2022Mex$9.1tMex$7.3tMex$648.8b11.5x14.1x1.2x
Thu, 27 Oct 2022Mex$8.7tMex$7.2tMex$637.1b10.8x13.7x1.2x
Sat, 24 Sep 2022Mex$8.4tMex$7.2tMex$627.8b10.8x13.3x1.2x
Mon, 22 Aug 2022Mex$8.8tMex$7.2tMex$627.6b11.5x13.9x1.2x
Wed, 20 Jul 2022Mex$8.6tMex$7.0tMex$610.7b11.9x14x1.2x
Fri, 17 Jun 2022Mex$8.5tMex$6.9tMex$629.8b11.7x13.4x1.2x
Sun, 15 May 2022Mex$8.5tMex$6.9tMex$616.7b12.1x13.8x1.2x
Tue, 12 Apr 2022Mex$9.4tMex$6.7tMex$569.3b14x16.5x1.4x
Thu, 10 Mar 2022Mex$9.3tMex$6.7tMex$591.1b14.2x15.7x1.4x
Sat, 05 Feb 2022Mex$8.8tMex$6.6tMex$590.1b13.8x15x1.3x
Mon, 03 Jan 2022Mex$9.2tMex$6.6tMex$575.8b14.4x15.9x1.4x
Wed, 01 Dec 2021Mex$8.6tMex$6.7tMex$580.7b12.7x14.7x1.3x
Price to Earnings Ratio

14.7x


Total Market Cap: Mex$8.6tTotal Earnings: Mex$580.7bTotal Revenue: Mex$6.7tTotal 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-0.26%
Energy14.64%
Industrials1.71%
Materials1.07%
Financials0.02%
Tech0%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Healthcare-0.47%
Telecom-0.50%
Utilities-0.68%
Consumer Discretionary-1.56%
Real Estate-1.69%
Consumer Staples-1.94%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 18.3x.
    • 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
VISTA A Vista Energy. deMex$1.16k14.6%
+Mex$14.0b		112.3%PE10.4xEnergy
AC * Arca Continental. deMex$176.704.0%
+Mex$11.5b		1.6%PE15.9xConsumer Staples
GMEXICO B Grupo México. deMex$102.711.3%
+Mex$9.9b		33.0%PE10.8xMaterials
ALEATIC * Aleatica. deMex$91.074.6%
+Mex$7.0b		n/aPE75.9xIndustrials
GAP B Grupo Aeroportuario del Pacífico. deMex$383.863.7%
+Mex$6.8b		53.2%PE22.1xIndustrials
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