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Mexican (IPC) Market Analysis & Valuation
UpdatedNov 22, 2024
DataAggregated Company Financials
Companies114
- 7D-0.9%
- 3M-5.3%
- 1Y-4.7%
- YTD-9.7%
The Energy sector gained 3.7% while the market remained flat over the last week. The past year hasn't been profitable, with the market dropping 4.7%. As for the next few years, earnings are expected to grow by 11% 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 |
|---|---|---|---|---|---|---|
| Fri, 22 Nov 2024 | Mex$8.4t | Mex$7.4t | Mex$602.6b | 11.7x | 14x | 1.1x |
| Sun, 20 Oct 2024 | Mex$9.2t | Mex$7.4t | Mex$594.4b | 12.3x | 15.5x | 1.2x |
| Tue, 17 Sep 2024 | Mex$9.0t | Mex$7.3t | Mex$587.8b | 11.7x | 15.4x | 1.2x |
| Thu, 15 Aug 2024 | Mex$9.2t | Mex$7.3t | Mex$586.2b | 11.7x | 15.7x | 1.3x |
| Sat, 13 Jul 2024 | Mex$9.3t | Mex$7.1t | Mex$581.1b | 13.6x | 16x | 1.3x |
| Mon, 10 Jun 2024 | Mex$9.0t | Mex$7.1t | Mex$576.6b | 12.6x | 15.5x | 1.3x |
| Wed, 08 May 2024 | Mex$9.5t | Mex$7.1t | Mex$568.3b | 13.2x | 16.7x | 1.3x |
| Fri, 05 Apr 2024 | Mex$9.6t | Mex$7.1t | Mex$580.9b | 13.6x | 16.5x | 1.4x |
| Sun, 03 Mar 2024 | Mex$9.5t | Mex$7.1t | Mex$584.2b | 13.7x | 16.3x | 1.3x |
| Tue, 30 Jan 2024 | Mex$9.8t | Mex$7.4t | Mex$662.6b | 13.3x | 14.7x | 1.3x |
| Thu, 28 Dec 2023 | Mex$9.9t | Mex$7.4t | Mex$656.0b | 13.3x | 15.1x | 1.3x |
| Sat, 25 Nov 2023 | Mex$9.2t | Mex$7.4t | Mex$657.1b | 11.9x | 14x | 1.2x |
| Mon, 23 Oct 2023 | Mex$8.6t | Mex$7.5t | Mex$659.9b | 11.9x | 13.1x | 1.1x |
| Wed, 20 Sep 2023 | Mex$9.0t | Mex$7.4t | Mex$659.0b | 12.7x | 13.7x | 1.2x |
| Fri, 18 Aug 2023 | Mex$9.3t | Mex$7.4t | Mex$655.0b | 13.1x | 14.2x | 1.2x |
| Sun, 16 Jul 2023 | Mex$9.3t | Mex$7.3t | Mex$645.4b | 13.1x | 14.3x | 1.3x |
| Tue, 13 Jun 2023 | Mex$9.3t | Mex$7.3t | Mex$638.1b | 13.5x | 14.6x | 1.3x |
| Thu, 11 May 2023 | Mex$9.7t | Mex$7.4t | Mex$666.8b | 13.2x | 14.5x | 1.3x |
| Sat, 08 Apr 2023 | Mex$9.4t | Mex$7.0t | Mex$662.6b | 12x | 14.2x | 1.3x |
| Mon, 06 Mar 2023 | Mex$9.5t | Mex$7.3t | Mex$661.6b | 11.5x | 14.4x | 1.3x |
| Wed, 01 Feb 2023 | Mex$9.6t | Mex$7.2t | Mex$665.7b | 11.9x | 14.4x | 1.3x |
| Fri, 30 Dec 2022 | Mex$8.9t | Mex$7.2t | Mex$663.0b | 11.8x | 13.4x | 1.2x |
| Sun, 27 Nov 2022 | Mex$9.2t | Mex$7.3t | Mex$648.8b | 11.5x | 14.2x | 1.3x |
| Tue, 25 Oct 2022 | Mex$8.5t | Mex$7.3t | Mex$635.8b | 10.8x | 13.4x | 1.2x |
| Thu, 22 Sep 2022 | Mex$8.6t | Mex$7.2t | Mex$626.4b | 11.1x | 13.7x | 1.2x |
| Sat, 20 Aug 2022 | Mex$8.8t | Mex$7.2t | Mex$627.6b | 11.5x | 13.9x | 1.2x |
| Mon, 18 Jul 2022 | Mex$8.6t | Mex$7.0t | Mex$610.7b | 11.9x | 14x | 1.2x |
| Wed, 15 Jun 2022 | Mex$8.5t | Mex$6.9t | Mex$628.4b | 11.9x | 13.5x | 1.2x |
| Fri, 13 May 2022 | Mex$8.5t | Mex$6.9t | Mex$618.5b | 12x | 13.7x | 1.2x |
| Sun, 10 Apr 2022 | Mex$9.4t | Mex$6.7t | Mex$569.9b | 14.2x | 16.6x | 1.4x |
| Tue, 08 Mar 2022 | Mex$9.2t | Mex$6.7t | Mex$592.6b | 13.6x | 15.6x | 1.4x |
| Thu, 03 Feb 2022 | Mex$8.9t | Mex$6.6t | Mex$586.4b | 13.9x | 15.2x | 1.3x |
| Sat, 01 Jan 2022 | Mex$9.2t | Mex$6.6t | Mex$575.8b | 14.4x | 15.9x | 1.4x |
| Mon, 29 Nov 2021 | Mex$8.6t | Mex$6.7t | Mex$583.6b | 12.8x | 14.7x | 1.3x |
Price to Earnings Ratio
14.7x
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 3.6% 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 | -0.93% | |
| Energy | 3.71% | |
| Materials | 2.05% | |
| Telecom | 0.30% | |
| Industrials | 0.29% | |
| Tech | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Financials | -0.28% | |
| Utilities | -0.72% | |
| Real Estate | -1.21% | |
| Consumer Discretionary | -1.56% | |
| Healthcare | -1.84% | |
| Consumer Staples | -3.68% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| GMEXICO B Grupo México. de | Mex$104.05 | 1.6% +Mex$13.1b | 34.0% | PE11x | Materials | |
| PE&OLES * Industrias Peñoles. de | Mex$300.53 | 6.6% +Mex$7.4b | 35.1% | PE70x | Materials | |
| ALEATIC * Aleatica. de | Mex$91.07 | 4.6% +Mex$7.0b | n/a | PE75.9x | Industrials | |
| AC * Arca Continental. de | Mex$171.73 | 2.4% +Mex$6.9b | -1.5% | PE15.5x | Consumer Staples | |
| AMX B América Móvil. de | Mex$15.54 | 0.8% +Mex$6.7b | 1.9% | PE25.8x | Telecom |
