Grupo Bimbo, S.A.B. de C.V.'s (BMV:BIMBOA) Business Is Trailing The Market But Its Shares Aren't
Jan 23
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Mexican (IPC) Market Analysis & Valuation
UpdatedJan 23, 2025
DataAggregated Company Financials
Companies118
- 7D1.0%
- 3M-2.8%
- 1Y-8.6%
- YTD1.4%
Over the last 7 days, the market has risen 1.0%, driven by gains of 1.6% in the Consumer Staples sector. Over the past year the market is down 8.6%. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 23 Jan 2025 | Mex$8.6t | Mex$7.6t | Mex$613.9b | 11.4x | 14x | 1.1x |
| Sat, 21 Dec 2024 | Mex$8.5t | Mex$7.5t | Mex$610.0b | 11.7x | 14x | 1.1x |
| Mon, 18 Nov 2024 | Mex$8.5t | Mex$7.4t | Mex$602.5b | 11.6x | 14.1x | 1.1x |
| Wed, 16 Oct 2024 | Mex$9.1t | Mex$7.4t | Mex$589.4b | 12x | 15.4x | 1.2x |
| Fri, 13 Sep 2024 | Mex$8.9t | Mex$7.4t | Mex$589.0b | 11.8x | 15.2x | 1.2x |
| Sun, 11 Aug 2024 | Mex$9.1t | Mex$7.3t | Mex$585.7b | 11.4x | 15.5x | 1.2x |
| Tue, 09 Jul 2024 | Mex$9.0t | Mex$7.1t | Mex$582.5b | 12.6x | 15.4x | 1.3x |
| Thu, 06 Jun 2024 | Mex$8.9t | Mex$7.1t | Mex$565.6b | 13.1x | 15.7x | 1.3x |
| Sat, 04 May 2024 | Mex$9.4t | Mex$7.1t | Mex$569.2b | 12.9x | 16.5x | 1.3x |
| Mon, 01 Apr 2024 | Mex$9.6t | Mex$7.1t | Mex$580.7b | 13.7x | 16.5x | 1.4x |
| Wed, 28 Feb 2024 | Mex$9.6t | Mex$7.2t | Mex$583.4b | 13.5x | 16.5x | 1.3x |
| Fri, 26 Jan 2024 | Mex$9.6t | Mex$7.4t | Mex$662.0b | 12.9x | 14.4x | 1.3x |
| Sun, 24 Dec 2023 | Mex$9.8t | Mex$7.4t | Mex$656.4b | 13.2x | 15x | 1.3x |
| Tue, 21 Nov 2023 | Mex$9.0t | Mex$7.4t | Mex$657.0b | 11.7x | 13.7x | 1.2x |
| Thu, 19 Oct 2023 | Mex$8.8t | Mex$7.5t | Mex$672.0b | 12.5x | 13x | 1.2x |
| Sat, 16 Sep 2023 | Mex$9.1t | Mex$7.4t | Mex$659.2b | 12.7x | 13.7x | 1.2x |
| Mon, 14 Aug 2023 | Mex$9.2t | Mex$7.4t | Mex$654.4b | 13.2x | 14.1x | 1.2x |
| Wed, 12 Jul 2023 | Mex$9.2t | Mex$7.3t | Mex$636.1b | 13.7x | 14.5x | 1.3x |
| Fri, 09 Jun 2023 | Mex$9.3t | Mex$7.3t | Mex$638.8b | 13.3x | 14.6x | 1.3x |
| Sun, 07 May 2023 | Mex$9.5t | Mex$7.4t | Mex$668.4b | 13.2x | 14.2x | 1.3x |
| Tue, 04 Apr 2023 | Mex$9.5t | Mex$7.2t | Mex$660.9b | 12x | 14.4x | 1.3x |
| Thu, 02 Mar 2023 | Mex$9.4t | Mex$7.3t | Mex$678.8b | 11.3x | 13.9x | 1.3x |
| Sat, 28 Jan 2023 | Mex$9.7t | Mex$7.2t | Mex$663.8b | 12x | 14.6x | 1.3x |
| Mon, 26 Dec 2022 | Mex$9.1t | Mex$7.3t | Mex$649.0b | 11.7x | 14x | 1.2x |
| Wed, 23 Nov 2022 | Mex$9.2t | Mex$7.3t | Mex$649.6b | 11.5x | 14.2x | 1.3x |
| Fri, 21 Oct 2022 | Mex$8.4t | Mex$7.2t | Mex$628.4b | 10.8x | 13.4x | 1.2x |
| Sun, 18 Sep 2022 | Mex$8.5t | Mex$7.2t | Mex$626.6b | 11.3x | 13.5x | 1.2x |
| Tue, 16 Aug 2022 | Mex$8.8t | Mex$7.2t | Mex$625.7b | 11.6x | 14.1x | 1.2x |
| Thu, 14 Jul 2022 | Mex$8.6t | Mex$7.0t | Mex$636.6b | 11.9x | 13.5x | 1.2x |
| Sat, 11 Jun 2022 | Mex$8.5t | Mex$6.9t | Mex$623.8b | 12.1x | 13.7x | 1.2x |
| Mon, 09 May 2022 | Mex$8.6t | Mex$6.9t | Mex$616.3b | 12.3x | 13.9x | 1.3x |
| Wed, 06 Apr 2022 | Mex$9.6t | Mex$6.7t | Mex$567.8b | 14.4x | 16.9x | 1.4x |
| Fri, 04 Mar 2022 | Mex$9.3t | Mex$6.7t | Mex$587.1b | 13.6x | 15.8x | 1.4x |
| Sun, 30 Jan 2022 | Mex$8.7t | Mex$6.6t | Mex$584.3b | 13.6x | 14.9x | 1.3x |
Price to Earnings Ratio
14.9x
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 14.5x.
Past Earnings Growth
- The earnings for Mexican listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 4.5% 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 | 1.02% | |
| Healthcare | 4.81% | |
| Real Estate | 1.64% | |
| Consumer Staples | 1.56% | |
| Materials | 1.40% | |
| Industrials | 0.67% | |
| Telecom | 0.61% | |
| Consumer Discretionary | 0.25% | |
| Financials | 0.23% | |
| Utilities | 0.13% | |
| Tech | 0% | 0 |
| Information Technology | 0% | 0 |
| Financials | 0% | 0 |
| Health Care | 0% | 0 |
| Industrials | 0% | 0 |
| Energy | -1.33% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 19.1x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 27.5%, 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 52% over the next 5 years.
- In contrast, the Real Estate sector is expected to see its earnings decline by 25% 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 | |
|---|---|---|---|---|---|---|
| GMEXICO B Grupo México. de | Mex$105.11 | 2.4% +Mex$19.4b | 20.4% | PE11.1x | Materials | |
| BIMBO A Grupo Bimbo. de | Mex$54.75 | 8.9% +Mex$19.4b | -29.4% | PE18.7x | Consumer Staples | |
| FEMSA UBD Fomento Económico Mexicano. de | Mex$172.35 | 1.7% +Mex$10.3b | -24.7% | PE19.9x | Consumer Staples | |
| ALFA A Alfa. de | Mex$16.12 | 7.4% +Mex$6.2b | 22.4% | PS0.3x | Industrials | |
| WALMEX * Wal-Mart de México. de | Mex$57.47 | 0.6% +Mex$5.8b | -13.9% | PE18.7x | Consumer Staples |
