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Mexican (IPC) Market Analysis & Valuation

UpdatedOct 31, 2024
DataAggregated Company Financials
Companies116
  • 7D-2.3%
  • 3M-1.4%
  • 1Y3.1%
  • YTD-8.0%

Over the last 7 days, the market has dropped 2.3%, driven by a pullback of 5.0% in the Consumer Staples sector. In the last year, the market is actually up 3.1%. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 31 Oct 2024Mex$8.7tMex$7.4tMex$608.7b11.6x14.3x1.2x
Sat, 28 Sep 2024Mex$9.2tMex$7.4tMex$590.3b12x15.6x1.2x
Mon, 26 Aug 2024Mex$9.2tMex$7.3tMex$587.7b11.7x15.6x1.3x
Wed, 24 Jul 2024Mex$9.2tMex$7.1tMex$555.9b13.3x16.6x1.3x
Fri, 21 Jun 2024Mex$9.0tMex$7.1tMex$576.2b12.8x15.6x1.3x
Sun, 19 May 2024Mex$9.7tMex$7.0tMex$567.9b14x17.1x1.4x
Tue, 16 Apr 2024Mex$9.4tMex$7.1tMex$580.8b13x16.2x1.3x
Thu, 14 Mar 2024Mex$9.4tMex$7.1tMex$584.6b13.2x16.1x1.3x
Sat, 10 Feb 2024Mex$9.6tMex$7.4tMex$626.2b13.8x15.3x1.3x
Mon, 08 Jan 2024Mex$9.7tMex$7.4tMex$655.8b13.3x14.8x1.3x
Wed, 06 Dec 2023Mex$9.3tMex$7.4tMex$658.5b12.4x14.2x1.3x
Fri, 03 Nov 2023Mex$8.8tMex$7.5tMex$665.8b11.8x13.2x1.2x
Sun, 01 Oct 2023Mex$9.0tMex$7.5tMex$660.9b12.9x13.6x1.2x
Tue, 29 Aug 2023Mex$9.2tMex$7.4tMex$653.3b12.7x14.1x1.2x
Thu, 27 Jul 2023Mex$9.4tMex$7.4tMex$657.8b12.9x14.3x1.3x
Sat, 24 Jun 2023Mex$9.2tMex$7.3tMex$638.9b13.1x14.4x1.3x
Mon, 22 May 2023Mex$9.3tMex$7.3tMex$640.5b13.4x14.5x1.3x
Wed, 19 Apr 2023Mex$9.6tMex$7.2tMex$656.4b12.6x14.6x1.3x
Fri, 17 Mar 2023Mex$9.3tMex$7.4tMex$666.2b11.6x14x1.3x
Sun, 12 Feb 2023Mex$9.3tMex$7.2tMex$667.0b11.7x14x1.3x
Tue, 10 Jan 2023Mex$9.3tMex$7.2tMex$661.1b11.9x14.1x1.3x
Thu, 08 Dec 2022Mex$9.1tMex$7.3tMex$651.2b11.8x14x1.2x
Sat, 05 Nov 2022Mex$9.2tMex$8.2tMex$2.6t11.2x3.5x1.1x
Mon, 03 Oct 2022Mex$8.2tMex$7.2tMex$627.4b10.7x13.1x1.1x
Wed, 31 Aug 2022Mex$8.4tMex$7.2tMex$626.9b11.3x13.3x1.2x
Fri, 29 Jul 2022Mex$8.6tMex$7.1tMex$628.3b12.7x13.7x1.2x
Sun, 26 Jun 2022Mex$8.6tMex$6.9tMex$629.0b12.2x13.6x1.2x
Tue, 24 May 2022Mex$8.8tMex$6.9tMex$620.7b12x14.1x1.3x
Thu, 21 Apr 2022Mex$9.2tMex$6.7tMex$569.4b14.2x16.1x1.4x
Sat, 19 Mar 2022Mex$9.5tMex$6.7tMex$575.4b14.3x16.5x1.4x
Mon, 14 Feb 2022Mex$9.1tMex$6.5tMex$572.2b13.8x15.9x1.4x
Wed, 12 Jan 2022Mex$9.0tMex$6.6tMex$575.0b13.9x15.7x1.4x
Fri, 10 Dec 2021Mex$8.8tMex$6.6tMex$579.1b13.2x15.2x1.3x
Sun, 07 Nov 2021Mex$9.0tMex$6.7tMex$576.6b12.7x15.7x1.3x
Price to Earnings Ratio

15.7x


Total Market Cap: Mex$9.0tTotal Earnings: Mex$576.6bTotal 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 3.1% 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-2.30%
Energy9.20%
Healthcare5.22%
Utilities1.36%
Industrials1.02%
Real Estate0.66%
Tech0%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Materials-1.77%
Financials-1.80%
Consumer Discretionary-2.35%
Telecom-2.48%
Consumer Staples-5.03%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 18.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 24.7%, which is higher than its past year's earnings growth of 8.9% 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 28% 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
FEMSA UBD Fomento Económico Mexicano. deMex$192.88-0.2%
Mex$18.6b
-7.8%PE22.3xConsumer Staples
ALEATIC * Aleatica. deMex$60.0021.2%
+Mex$18.2b
n/aPE58.6xIndustrials
VISTA A Vista Energy. deMex$1.02k9.2%
+Mex$8.2b
102.2%PE9.3xEnergy
PE&OLES * Industrias Peñoles. deMex$318.786.5%
+Mex$7.7b
59.0%PE106.1xMaterials
GAP B Grupo Aeroportuario del Pacífico. deMex$350.262.9%
+Mex$5.0b
64.9%PE20.2xIndustrials
See more
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WALMEX *

Mex$55.17

Wal-Mart de México. de

7D

-10.4%

1Y

-15.4%

FEMSA UBD

Mex$192.88

Fomento Económico Mexicano. de

7D

-0.2%

1Y

-7.8%

TLEVISA CPO

Mex$9.90

Grupo Televisa

7D

10.4%

1Y

18.6%

GMXT *

Mex$29.32

GMéxico Transportes. de

7D

-7.7%

1Y

-21.4%

AMX B

Mex$16.01

América Móvil. de

7D

-3.1%

1Y

8.2%

BIMBO A

Mex$61.90

Grupo Bimbo. de

7D

-3.7%

1Y

-18.2%

ASUR B

Mex$537.49

Grupo Aeroportuario del Sureste S. A. B. de C. V

7D

1.5%

1Y

36.1%

GAP B

Mex$350.26

Grupo Aeroportuario del Pacífico. de

7D

2.9%

1Y

64.9%