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Mexican (IPC) Market Analysis & Valuation
UpdatedNov 18, 2024
DataAggregated Company Financials
Companies114
- 7D-1.6%
- 3M-5.4%
- 1Y-3.1%
- YTD-8.9%
Over the last 7 days, the market has dropped 1.6%, driven by a loss of 3.0% in the Consumer Staples sector. The market has dropped 3.1% in the last year. 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 |
|---|---|---|---|---|---|---|
| Tue, 19 Nov 2024 | Mex$8.5t | Mex$7.4t | Mex$602.5b | 11.6x | 14.1x | 1.1x |
| Thu, 17 Oct 2024 | Mex$9.1t | Mex$7.4t | Mex$595.5b | 11.9x | 15.3x | 1.2x |
| Sat, 14 Sep 2024 | Mex$9.1t | Mex$7.3t | Mex$587.5b | 11.7x | 15.4x | 1.2x |
| Mon, 12 Aug 2024 | Mex$9.1t | Mex$7.3t | Mex$585.7b | 11.4x | 15.5x | 1.2x |
| Wed, 10 Jul 2024 | Mex$9.1t | Mex$7.1t | Mex$582.4b | 12.6x | 15.6x | 1.3x |
| Fri, 07 Jun 2024 | Mex$9.1t | Mex$7.1t | Mex$573.5b | 13.1x | 15.9x | 1.3x |
| Sun, 05 May 2024 | Mex$9.4t | Mex$7.1t | Mex$569.0b | 13.2x | 16.5x | 1.3x |
| Tue, 02 Apr 2024 | Mex$9.6t | Mex$7.1t | Mex$581.0b | 13.8x | 16.5x | 1.4x |
| Thu, 29 Feb 2024 | Mex$9.6t | Mex$7.2t | Mex$583.5b | 13.6x | 16.5x | 1.3x |
| Sat, 27 Jan 2024 | Mex$9.6t | Mex$7.4t | Mex$662.2b | 12.9x | 14.6x | 1.3x |
| Mon, 25 Dec 2023 | Mex$9.8t | Mex$7.4t | Mex$656.4b | 13.2x | 15x | 1.3x |
| Wed, 22 Nov 2023 | Mex$9.0t | Mex$7.4t | Mex$656.4b | 11.7x | 13.7x | 1.2x |
| Fri, 20 Oct 2023 | Mex$8.7t | Mex$7.5t | Mex$672.2b | 12.2x | 12.9x | 1.2x |
| Sun, 17 Sep 2023 | Mex$9.0t | Mex$7.4t | Mex$659.0b | 12.7x | 13.7x | 1.2x |
| Tue, 15 Aug 2023 | Mex$9.2t | Mex$7.4t | Mex$654.6b | 13.2x | 14.1x | 1.2x |
| Thu, 13 Jul 2023 | Mex$9.3t | Mex$7.3t | Mex$635.1b | 13.5x | 14.7x | 1.3x |
| Sat, 10 Jun 2023 | Mex$9.3t | Mex$7.3t | Mex$638.1b | 13.4x | 14.6x | 1.3x |
| Mon, 08 May 2023 | Mex$9.5t | Mex$7.4t | Mex$668.3b | 13.2x | 14.2x | 1.3x |
| Wed, 05 Apr 2023 | Mex$9.5t | Mex$7.2t | Mex$661.3b | 12x | 14.4x | 1.3x |
| Fri, 03 Mar 2023 | Mex$9.4t | Mex$7.4t | Mex$683.2b | 11.3x | 13.7x | 1.3x |
| Sun, 29 Jan 2023 | Mex$9.7t | Mex$7.2t | Mex$663.8b | 12x | 14.6x | 1.3x |
| Tue, 27 Dec 2022 | Mex$9.0t | Mex$7.3t | Mex$649.3b | 11.7x | 13.9x | 1.2x |
| Thu, 24 Nov 2022 | Mex$9.3t | Mex$7.3t | Mex$649.1b | 11.5x | 14.3x | 1.3x |
| Sat, 22 Oct 2022 | Mex$8.5t | Mex$7.3t | Mex$630.7b | 11.1x | 13.5x | 1.2x |
| Mon, 19 Sep 2022 | Mex$8.5t | Mex$7.2t | Mex$626.6b | 11.3x | 13.5x | 1.2x |
| Wed, 17 Aug 2022 | Mex$8.8t | Mex$7.2t | Mex$626.1b | 11.6x | 14.1x | 1.2x |
| Fri, 15 Jul 2022 | Mex$8.5t | Mex$7.0t | Mex$612.9b | 11.9x | 13.9x | 1.2x |
| Sun, 12 Jun 2022 | Mex$8.5t | Mex$6.9t | Mex$623.8b | 12.1x | 13.7x | 1.2x |
| Tue, 10 May 2022 | Mex$8.6t | Mex$6.9t | Mex$618.4b | 12.3x | 13.9x | 1.2x |
| Thu, 07 Apr 2022 | Mex$9.6t | Mex$6.7t | Mex$569.5b | 14.3x | 16.8x | 1.4x |
| Sat, 05 Mar 2022 | Mex$9.2t | Mex$6.7t | Mex$584.7b | 14.4x | 15.8x | 1.4x |
| Mon, 31 Jan 2022 | Mex$8.7t | Mex$6.6t | Mex$588.6b | 13.6x | 14.8x | 1.3x |
| Wed, 29 Dec 2021 | Mex$9.1t | Mex$6.6t | Mex$576.2b | 14.4x | 15.8x | 1.4x |
| Fri, 26 Nov 2021 | Mex$8.7t | Mex$6.7t | Mex$581.4b | 12.7x | 15x | 1.3x |
Price to Earnings Ratio
15x
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 3.7% 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 | -1.62% | |
| Energy | 5.65% | |
| Industrials | 1.63% | |
| Tech | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Telecom | -0.20% | |
| Utilities | -0.23% | |
| Real Estate | -0.51% | |
| Healthcare | -0.56% | |
| Consumer Discretionary | -1.06% | |
| Financials | -1.37% | |
| Consumer Staples | -3.03% | |
| Materials | -3.84% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 18.2x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 25.5%, 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 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 | |
|---|---|---|---|---|---|---|
| ALEATIC * Aleatica. de | Mex$87.04 | 6.1% +Mex$8.7b | n/a | PE72.6x | Industrials | |
| GAP B Grupo Aeroportuario del Pacífico. de | Mex$370.33 | 2.3% +Mex$4.2b | 51.5% | PE21.4x | Industrials | |
| Q * Quálitas Controladora. de | Mex$143.04 | 7.7% +Mex$4.1b | -0.4% | PE11.6x | Financials | |
| VISTA A Vista Energy. de | Mex$1.01k | 3.7% +Mex$3.4b | 117.1% | PE9.1x | Energy | |
| GFINBUR O Grupo Financiero Inbursa. de | Mex$44.57 | 1.2% +Mex$3.3b | 7.2% | PB1.1x | Financials |
