Optimistic Investors Push Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (BMV:OMAB) Shares Up 25% But Growth Is Lacking
May 08
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Mexican (IPC) Market Analysis & Valuation
UpdatedMay 12, 2025
DataAggregated Company Financials
Companies117
- 7D1.2%
- 3M6.3%
- 1Y-5.0%
- YTD10.1%
The market is up 1.2% over the last week, with the Consumer Staples sector leading the way, up 1.7%. Meanwhile, the Healthcare sector has underperformed, shrinking 6.9% in that time. In contrast, the market has seen a decline of 5.0% over the last 12 months. 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, 12 May 2025 | Mex$9.2t | Mex$7.6t | Mex$601.6b | 12.3x | 15.3x | 1.2x |
| Wed, 09 Apr 2025 | Mex$8.2t | Mex$7.6t | Mex$610.4b | 10.5x | 13.5x | 1.1x |
| Fri, 07 Mar 2025 | Mex$8.6t | Mex$7.5t | Mex$599.0b | 10.6x | 14.4x | 1.1x |
| Sun, 02 Feb 2025 | Mex$8.6t | Mex$7.6t | Mex$615.4b | 11.6x | 14x | 1.1x |
| Tue, 31 Dec 2024 | Mex$8.5t | Mex$7.6t | Mex$613.5b | 11.6x | 13.9x | 1.1x |
| Thu, 28 Nov 2024 | Mex$8.4t | Mex$7.4t | Mex$603.8b | 11.6x | 13.9x | 1.1x |
| Sat, 26 Oct 2024 | Mex$8.8t | Mex$7.4t | Mex$600.0b | 11.4x | 14.7x | 1.2x |
| Mon, 23 Sep 2024 | Mex$9.0t | Mex$7.4t | Mex$588.6b | 11.8x | 15.3x | 1.2x |
| Wed, 21 Aug 2024 | Mex$9.2t | Mex$7.3t | Mex$587.1b | 11.9x | 15.8x | 1.3x |
| Fri, 19 Jul 2024 | Mex$9.2t | Mex$7.1t | Mex$557.4b | 13.6x | 16.5x | 1.3x |
| Sun, 16 Jun 2024 | Mex$8.8t | Mex$7.1t | Mex$576.8b | 12.5x | 15.3x | 1.2x |
| Tue, 14 May 2024 | Mex$9.7t | Mex$7.0t | Mex$569.1b | 14.1x | 17x | 1.4x |
| Thu, 11 Apr 2024 | Mex$9.6t | Mex$7.0t | Mex$577.3b | 13.7x | 16.6x | 1.4x |
| Sat, 09 Mar 2024 | Mex$9.4t | Mex$7.1t | Mex$586.0b | 13x | 16.1x | 1.3x |
| Mon, 05 Feb 2024 | Mex$9.9t | Mex$7.4t | Mex$657.1b | 13x | 15x | 1.3x |
| Wed, 03 Jan 2024 | Mex$9.9t | Mex$7.4t | Mex$656.6b | 13.6x | 15x | 1.3x |
| Fri, 01 Dec 2023 | Mex$9.2t | Mex$7.4t | Mex$658.4b | 12.3x | 13.9x | 1.2x |
| Sun, 29 Oct 2023 | Mex$8.7t | Mex$7.5t | Mex$653.9b | 12.4x | 13.4x | 1.2x |
| Tue, 26 Sep 2023 | Mex$9.1t | Mex$7.5t | Mex$660.8b | 12.9x | 13.7x | 1.2x |
| Thu, 24 Aug 2023 | Mex$9.2t | Mex$7.4t | Mex$653.7b | 12.7x | 14.1x | 1.2x |
| Sat, 22 Jul 2023 | Mex$9.2t | Mex$7.3t | Mex$651.7b | 12.6x | 14.1x | 1.3x |
| Mon, 19 Jun 2023 | Mex$9.4t | Mex$7.3t | Mex$638.0b | 13.3x | 14.7x | 1.3x |
| Wed, 17 May 2023 | Mex$9.6t | Mex$7.4t | Mex$665.6b | 13.1x | 14.4x | 1.3x |
| Fri, 14 Apr 2023 | Mex$9.6t | Mex$7.2t | Mex$655.7b | 12.6x | 14.7x | 1.3x |
| Sun, 12 Mar 2023 | Mex$9.4t | Mex$7.3t | Mex$661.7b | 12.1x | 14.1x | 1.3x |
| Tue, 07 Feb 2023 | Mex$9.5t | Mex$7.2t | Mex$674.4b | 11.7x | 14.2x | 1.3x |
| Thu, 05 Jan 2023 | Mex$9.0t | Mex$7.2t | Mex$662.5b | 11.9x | 13.6x | 1.2x |
| Sat, 03 Dec 2022 | Mex$9.2t | Mex$7.3t | Mex$649.0b | 11.9x | 14.1x | 1.3x |
| Mon, 31 Oct 2022 | Mex$8.8t | Mex$7.3t | Mex$649.7b | 11.4x | 13.6x | 1.2x |
| Wed, 28 Sep 2022 | Mex$8.3t | Mex$7.2t | Mex$628.9b | 10.6x | 13.2x | 1.1x |
| Fri, 26 Aug 2022 | Mex$8.6t | Mex$7.2t | Mex$625.9b | 11.4x | 13.8x | 1.2x |
| Sun, 24 Jul 2022 | Mex$8.6t | Mex$7.1t | Mex$606.9b | 11.9x | 14.2x | 1.2x |
| Tue, 21 Jun 2022 | Mex$8.5t | Mex$6.9t | Mex$625.8b | 12.2x | 13.6x | 1.2x |
| Thu, 19 May 2022 | Mex$8.7t | Mex$6.9t | Mex$621.8b | 11.8x | 14x | 1.3x |
Price to Earnings Ratio
14x
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 14.4x.
Past Earnings Growth
- The earnings for Mexican listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 3.4% 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 | 1.17% | |
| Energy | 7.98% | |
| Consumer Discretionary | 3.46% | |
| Consumer Staples | 1.66% | |
| Industrials | 1.65% | |
| Materials | 1.46% | |
| Real Estate | 0.34% | |
| Telecom | 0.061% | |
| Financials | -0.059% | |
| Utilities | -1.92% | |
| Healthcare | -6.92% | |
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 close to its 3-year average of 8.5x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings growth rate of 5.9% per year.
- In contrast, the Real Estate sector is expected to see its earnings decline by 18% 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 | |
|---|---|---|---|---|---|---|
| WALMEX * Wal-Mart de México. de | Mex$62.14 | 1.5% +Mex$16.2b | -9.3% | PE20.4x | Consumer Staples | |
| PE&OLES * Industrias Peñoles. de | Mex$419.59 | 6.5% +Mex$10.2b | 66.8% | PE28.7x | Materials | |
| GAP B Grupo Aeroportuario del Pacífico. de | Mex$423.81 | 4.8% +Mex$9.8b | 34.0% | PE24x | Industrials | |
| VISTA A Vista Energy. de | Mex$935.09 | 9.7% +Mex$8.7b | 24.5% | PE10.5x | Energy | |
| SITES1 A-1 Operadora de Sites Mexicanos. de | Mex$19.83 | 14.4% +Mex$7.7b | -3.6% | PE176.2x | Telecom |
