Why Grupo Comercial Chedraui. de's (BMV:CHDRAUIB) Earnings Are Better Than They Seem
Oct 31
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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%. Earnings are forecast to grow by 11% annually.
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, 31 Oct 2024 | Mex$8.7t | Mex$7.4t | Mex$608.7b | 11.6x | 14.3x | 1.2x |
| Sat, 28 Sep 2024 | Mex$9.2t | Mex$7.4t | Mex$590.3b | 12x | 15.6x | 1.2x |
| Mon, 26 Aug 2024 | Mex$9.2t | Mex$7.3t | Mex$587.7b | 11.7x | 15.6x | 1.3x |
| Wed, 24 Jul 2024 | Mex$9.2t | Mex$7.1t | Mex$555.9b | 13.3x | 16.6x | 1.3x |
| Fri, 21 Jun 2024 | Mex$9.0t | Mex$7.1t | Mex$576.2b | 12.8x | 15.6x | 1.3x |
| Sun, 19 May 2024 | Mex$9.7t | Mex$7.0t | Mex$567.9b | 14x | 17.1x | 1.4x |
| Tue, 16 Apr 2024 | Mex$9.4t | Mex$7.1t | Mex$580.8b | 13x | 16.2x | 1.3x |
| Thu, 14 Mar 2024 | Mex$9.4t | Mex$7.1t | Mex$584.6b | 13.2x | 16.1x | 1.3x |
| Sat, 10 Feb 2024 | Mex$9.6t | Mex$7.4t | Mex$626.2b | 13.8x | 15.3x | 1.3x |
| Mon, 08 Jan 2024 | Mex$9.7t | Mex$7.4t | Mex$655.8b | 13.3x | 14.8x | 1.3x |
| Wed, 06 Dec 2023 | Mex$9.3t | Mex$7.4t | Mex$658.5b | 12.4x | 14.2x | 1.3x |
| Fri, 03 Nov 2023 | Mex$8.8t | Mex$7.5t | Mex$665.8b | 11.8x | 13.2x | 1.2x |
| Sun, 01 Oct 2023 | Mex$9.0t | Mex$7.5t | Mex$660.9b | 12.9x | 13.6x | 1.2x |
| Tue, 29 Aug 2023 | Mex$9.2t | Mex$7.4t | Mex$653.3b | 12.7x | 14.1x | 1.2x |
| Thu, 27 Jul 2023 | Mex$9.4t | Mex$7.4t | Mex$657.8b | 12.9x | 14.3x | 1.3x |
| Sat, 24 Jun 2023 | Mex$9.2t | Mex$7.3t | Mex$638.9b | 13.1x | 14.4x | 1.3x |
| Mon, 22 May 2023 | Mex$9.3t | Mex$7.3t | Mex$640.5b | 13.4x | 14.5x | 1.3x |
| Wed, 19 Apr 2023 | Mex$9.6t | Mex$7.2t | Mex$656.4b | 12.6x | 14.6x | 1.3x |
| Fri, 17 Mar 2023 | Mex$9.3t | Mex$7.4t | Mex$666.2b | 11.6x | 14x | 1.3x |
| Sun, 12 Feb 2023 | Mex$9.3t | Mex$7.2t | Mex$667.0b | 11.7x | 14x | 1.3x |
| Tue, 10 Jan 2023 | Mex$9.3t | Mex$7.2t | Mex$661.1b | 11.9x | 14.1x | 1.3x |
| Thu, 08 Dec 2022 | Mex$9.1t | Mex$7.3t | Mex$651.2b | 11.8x | 14x | 1.2x |
| Sat, 05 Nov 2022 | Mex$9.2t | Mex$8.2t | Mex$2.6t | 11.2x | 3.5x | 1.1x |
| Mon, 03 Oct 2022 | Mex$8.2t | Mex$7.2t | Mex$627.4b | 10.7x | 13.1x | 1.1x |
| Wed, 31 Aug 2022 | Mex$8.4t | Mex$7.2t | Mex$626.9b | 11.3x | 13.3x | 1.2x |
| Fri, 29 Jul 2022 | Mex$8.6t | Mex$7.1t | Mex$628.3b | 12.7x | 13.7x | 1.2x |
| Sun, 26 Jun 2022 | Mex$8.6t | Mex$6.9t | Mex$629.0b | 12.2x | 13.6x | 1.2x |
| Tue, 24 May 2022 | Mex$8.8t | Mex$6.9t | Mex$620.7b | 12x | 14.1x | 1.3x |
| Thu, 21 Apr 2022 | Mex$9.2t | Mex$6.7t | Mex$569.4b | 14.2x | 16.1x | 1.4x |
| Sat, 19 Mar 2022 | Mex$9.5t | Mex$6.7t | Mex$575.4b | 14.3x | 16.5x | 1.4x |
| Mon, 14 Feb 2022 | Mex$9.1t | Mex$6.5t | Mex$572.2b | 13.8x | 15.9x | 1.4x |
| Wed, 12 Jan 2022 | Mex$9.0t | Mex$6.6t | Mex$575.0b | 13.9x | 15.7x | 1.4x |
| Fri, 10 Dec 2021 | Mex$8.8t | Mex$6.6t | Mex$579.1b | 13.2x | 15.2x | 1.3x |
| Sun, 07 Nov 2021 | Mex$9.0t | Mex$6.7t | Mex$576.6b | 12.7x | 15.7x | 1.3x |
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 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% | |
| Energy | 9.20% | |
| Healthcare | 5.22% | |
| Utilities | 1.36% | |
| Industrials | 1.02% | |
| Real Estate | 0.66% | |
| Tech | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| FEMSA UBD Fomento Económico Mexicano. de | Mex$192.88 | -0.2% Mex$18.6b | -7.8% | PE22.3x | Consumer Staples | |
| ALEATIC * Aleatica. de | Mex$60.00 | 21.2% +Mex$18.2b | n/a | PE58.6x | Industrials | |
| VISTA A Vista Energy. de | Mex$1.02k | 9.2% +Mex$8.2b | 102.2% | PE9.3x | Energy | |
| PE&OLES * Industrias Peñoles. de | Mex$318.78 | 6.5% +Mex$7.7b | 59.0% | PE106.1x | Materials | |
| GAP B Grupo Aeroportuario del Pacífico. de | Mex$350.26 | 2.9% +Mex$5.0b | 64.9% | PE20.2x | Industrials |
