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Mexican (IPC) Market Analysis & Valuation
UpdatedMar 10, 2025
DataAggregated Company Financials
Companies119
- 7D1.2%
- 3M0.7%
- 1Y-7.6%
- YTD3.8%
The market has climbed 1.2% in the last 7 days, lead by the Consumer Staples sector with a gain of 2.2%. Over the past year the market is down 7.6%. 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 |
|---|---|---|---|---|---|---|
| Mon, 10 Mar 2025 | Mex$8.7t | Mex$7.6t | Mex$598.7b | 10.6x | 14.5x | 1.2x |
| Wed, 05 Feb 2025 | Mex$8.6t | Mex$7.6t | Mex$614.0b | 11.6x | 14x | 1.1x |
| Fri, 03 Jan 2025 | Mex$8.5t | Mex$7.6t | Mex$613.1b | 11.7x | 13.9x | 1.1x |
| Sun, 01 Dec 2024 | Mex$8.4t | Mex$7.4t | Mex$602.3b | 11.7x | 14x | 1.1x |
| Tue, 29 Oct 2024 | Mex$8.8t | Mex$7.4t | Mex$602.2b | 12x | 14.6x | 1.2x |
| Thu, 26 Sep 2024 | Mex$9.2t | Mex$7.4t | Mex$589.9b | 12x | 15.6x | 1.3x |
| Sat, 24 Aug 2024 | Mex$9.2t | Mex$7.3t | Mex$587.5b | 11.7x | 15.6x | 1.2x |
| Mon, 22 Jul 2024 | Mex$9.2t | Mex$7.2t | Mex$555.2b | 13.4x | 16.5x | 1.3x |
| Wed, 19 Jun 2024 | Mex$8.9t | Mex$7.1t | Mex$576.3b | 12.3x | 15.4x | 1.2x |
| Fri, 17 May 2024 | Mex$9.6t | Mex$7.0t | Mex$568.4b | 13.9x | 17x | 1.4x |
| Sun, 14 Apr 2024 | Mex$9.5t | Mex$7.1t | Mex$578.9b | 13.4x | 16.3x | 1.3x |
| Tue, 12 Mar 2024 | Mex$9.4t | Mex$7.1t | Mex$585.3b | 13x | 16.1x | 1.3x |
| Thu, 08 Feb 2024 | Mex$9.8t | Mex$7.4t | Mex$631.0b | 13.8x | 15.5x | 1.3x |
| Sat, 06 Jan 2024 | Mex$9.6t | Mex$7.4t | Mex$655.8b | 13.2x | 14.7x | 1.3x |
| Mon, 04 Dec 2023 | Mex$9.3t | Mex$7.4t | Mex$657.5b | 12.4x | 14.2x | 1.3x |
| Wed, 01 Nov 2023 | Mex$8.7t | Mex$7.5t | Mex$667.3b | 11.6x | 13x | 1.2x |
| Fri, 29 Sep 2023 | Mex$9.0t | Mex$7.5t | Mex$661.6b | 13x | 13.6x | 1.2x |
| Sun, 27 Aug 2023 | Mex$9.2t | Mex$7.4t | Mex$653.5b | 12.7x | 14.1x | 1.2x |
| Tue, 25 Jul 2023 | Mex$9.4t | Mex$7.4t | Mex$652.2b | 12.9x | 14.3x | 1.3x |
| Thu, 22 Jun 2023 | Mex$9.3t | Mex$7.3t | Mex$638.6b | 13.2x | 14.6x | 1.3x |
| Sat, 20 May 2023 | Mex$9.3t | Mex$7.3t | Mex$640.6b | 13x | 14.5x | 1.3x |
| Mon, 17 Apr 2023 | Mex$9.6t | Mex$7.2t | Mex$654.8b | 12.5x | 14.6x | 1.3x |
| Wed, 15 Mar 2023 | Mex$9.4t | Mex$7.4t | Mex$666.2b | 12x | 14.1x | 1.3x |
| Fri, 10 Feb 2023 | Mex$9.4t | Mex$7.2t | Mex$667.7b | 11.7x | 14x | 1.3x |
| Sun, 08 Jan 2023 | Mex$9.2t | Mex$7.2t | Mex$661.1b | 11.9x | 14x | 1.3x |
| Tue, 06 Dec 2022 | Mex$9.1t | Mex$7.3t | Mex$651.2b | 11.8x | 13.9x | 1.2x |
| Thu, 03 Nov 2022 | Mex$9.1t | Mex$8.3t | Mex$2.6t | 11.5x | 3.5x | 1.1x |
| Sat, 01 Oct 2022 | Mex$8.2t | Mex$7.2t | Mex$627.4b | 10.7x | 13.1x | 1.1x |
| Mon, 29 Aug 2022 | Mex$8.6t | Mex$7.2t | Mex$625.9b | 11.4x | 13.7x | 1.2x |
| Wed, 27 Jul 2022 | Mex$8.7t | Mex$7.1t | Mex$627.2b | 12.2x | 13.8x | 1.2x |
| Fri, 24 Jun 2022 | Mex$8.4t | Mex$6.9t | Mex$629.7b | 12x | 13.4x | 1.2x |
| Sun, 22 May 2022 | Mex$8.8t | Mex$6.9t | Mex$622.4b | 11.9x | 14.1x | 1.3x |
| Tue, 19 Apr 2022 | Mex$9.3t | Mex$6.7t | Mex$568.9b | 14.2x | 16.3x | 1.4x |
| Thu, 17 Mar 2022 | Mex$9.2t | Mex$6.7t | Mex$574.6b | 14.3x | 16x | 1.4x |
Price to Earnings Ratio
16x
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 4.0% 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 | 1.24% | |
| Materials | 3.73% | |
| Telecom | 3.27% | |
| Consumer Staples | 2.25% | |
| Utilities | 1.13% | |
| Real Estate | 0.23% | |
| Consumer Discretionary | -0.49% | |
| Financials | -1.04% | |
| Industrials | -1.26% | |
| Healthcare | -4.85% | |
| Energy | -8.70% | |
Sector PE
- Investors favour the Utilities sector the most for future growth which is trading above its 3-year average PE ratio.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 8.6x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings decline of 17% per year.
- In contrast, the Real Estate sector is expected to see its earnings decline by 24% 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 | |
|---|---|---|---|---|---|---|
| AMX B América Móvil. de | Mex$15.14 | 3.6% +Mex$32.2b | -5.0% | PE32.5x | Telecom | |
| GMEXICO B Grupo México. de | Mex$101.19 | 3.9% +Mex$29.9b | 19.5% | PE10.8x | Materials | |
| FEMSA UBD Fomento Económico Mexicano. de | Mex$198.67 | 3.2% +Mex$22.2b | -3.3% | PE53.1x | Consumer Staples | |
| PE&OLES * Industrias Peñoles. de | Mex$360.18 | 15.5% +Mex$19.2b | 67.5% | PE96.5x | Materials | |
| BIMBO A Grupo Bimbo. de | Mex$58.34 | 6.7% +Mex$15.8b | -19.0% | PE19.9x | Consumer Staples |
