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Grupo México, S.A.B. de C.V.BMV:GMEXICO B Stock Report

Market Cap Mex$1.6t
Share Price
Mex$205.62
Mex$196.22
4.8% overvalued intrinsic discount
1Y93.1%
7D2.6%
1D
Portfolio Value
View

Grupo México, S.A.B. de C.V.

BMV:GMEXICO B Stock Report

Market Cap: Mex$1.6t

Grupo México. de (GMEXICO B) Stock Overview

Produces copper worldwide. More details

GMEXICO B fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance6/6
Financial Health6/6
Dividends4/6

GMEXICO B Community Fair Values

Create Narrative

See what 31 others think this stock is worth. Follow their fair value or set your own to get alerts.

Grupo México, S.A.B. de C.V. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Grupo México. de
Historical stock prices
Current Share PriceMex$205.62
52 Week HighMex$221.30
52 Week LowMex$103.27
Beta1.05
1 Month Change2.82%
3 Month Change-3.90%
1 Year Change93.12%
3 Year Change157.15%
5 Year Change112.29%
Change since IPO5,709.27%

Recent News & Updates

Narrative Update May 07

GMEXICO B: Upgraded Stance And Higher P/E Expectations Will Support Upside

Analysts lifted their MX$ price target for Grupo México by MX$1.42, reflecting updated views on fair value, discount rate assumptions, margin outlook, and future P/E, as reported in recent Street research updates. Analyst Commentary Recent Street research points to a more constructive tone around Grupo México, with bullish analysts highlighting updated views on valuation, earnings power, and the stock's P/E potential.
Analysis Article May 01

Grupo México, S.A.B. de C.V. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Grupo México, S.A.B. de C.V. ( BMV:GMEXICOB ) shareholders are probably feeling a little disappointed, since its shares...
Narrative Update Apr 17

GMEXICO B: Rich P/E Multiples Will Strain Execution As Mixed Calls Persist

Analysts have lifted their MX$ fair value estimate for Grupo México from about MX$89.95 to roughly MX$97.88, citing updated expectations for revenue growth, higher profit margins, and a lower forward P/E multiple reflected in recent research, including target increases and rating changes from major firms. Analyst Commentary Recent Street research on Grupo México has been mixed, with upgrades and higher price targets from some large firms appearing alongside more cautious views.

Recent updates

Narrative Update May 07

GMEXICO B: Upgraded Stance And Higher P/E Expectations Will Support Upside

Analysts lifted their MX$ price target for Grupo México by MX$1.42, reflecting updated views on fair value, discount rate assumptions, margin outlook, and future P/E, as reported in recent Street research updates. Analyst Commentary Recent Street research points to a more constructive tone around Grupo México, with bullish analysts highlighting updated views on valuation, earnings power, and the stock's P/E potential.
Analysis Article May 01

Grupo México, S.A.B. de C.V. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Grupo México, S.A.B. de C.V. ( BMV:GMEXICOB ) shareholders are probably feeling a little disappointed, since its shares...
Narrative Update Apr 17

GMEXICO B: Rich P/E Multiples Will Strain Execution As Mixed Calls Persist

Analysts have lifted their MX$ fair value estimate for Grupo México from about MX$89.95 to roughly MX$97.88, citing updated expectations for revenue growth, higher profit margins, and a lower forward P/E multiple reflected in recent research, including target increases and rating changes from major firms. Analyst Commentary Recent Street research on Grupo México has been mixed, with upgrades and higher price targets from some large firms appearing alongside more cautious views.
Narrative Update Apr 03

GMEXICO B: Future Returns Will Rely On Execution After JPMorgan Downgrade

Analysts now see fair value for Grupo México at MX$196.22, compared with the prior MX$163.93. This reflects updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples following recent research that included a downgrade at JPMorgan.
Narrative Update Mar 20

GMEXICO B: Recalibrated Assumptions Will Support Upside Despite JPMorgan Downgrade

Analysts have adjusted their price target on Grupo México slightly higher to MX$235.32 from MX$234.88, citing updated assumptions for discount rates, revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent research on Grupo México reflects a mix of views, with some investors focusing on risks highlighted in the latest downgrade from JPMorgan, while others point to potential upside tied to valuation, execution, and growth assumptions.
Narrative Update Mar 05

GMEXICO B: Downgrade Will Expose Rich Multiples To Execution And P/E Risk

Analysts have raised their MX$ fair value estimate for Grupo México from about MX$83.00 to roughly MX$89.95. They cite updated assumptions around discount rates, revenue growth, profit margins and future P/E levels.
Narrative Update Feb 19

GMEXICO B: Higher Margins Will Offset JPMorgan Downgrade Concerns

Analysts have adjusted their price target on Grupo México S.A.B. de C.V. to MX$234.88 from MX$225.33, reflecting updated assumptions around discount rates, revenue growth, profit margins and forward P/E multiples discussed in recent research. Analyst Commentary Bullish analysts point to the updated MX$234.88 price target as a signal of confidence in Grupo México S.A.B. de C.V.'s ability to support current valuation assumptions around discount rates, revenue, margins and P/E multiples, even in the context of a recent downgrade at JPMorgan.
Analysis Article Feb 16

Grupo México. de (BMV:GMEXICOB) Will Pay A Dividend Of $1.50

The board of Grupo México, S.A.B. de C.V. ( BMV:GMEXICOB ) has announced that it will pay a dividend on the 2nd of...
Analysis Article Feb 14

Is Grupo México, S.A.B. de C.V. (BMV:GMEXICOB) Expensive For A Reason? A Look At Its Intrinsic Value

Key Insights Using the 2 Stage Free Cash Flow to Equity, Grupo México. de fair value estimate is Mex$160 Current share...
Narrative Update Feb 05

GMEXICO B: Mixed Research Will Test Higher P/E And Margin Assumptions

Analysts have raised their price target for Grupo México from MX$165.74 to MX$225.33, citing updated assumptions that include slightly higher projected revenue growth, improved profitability and a higher future P/E multiple following recent Street research. Analyst Commentary Recent Street research on Grupo México has been mixed, with at least one high profile firm such as JPMorgan turning more cautious.
Analysis Article Jan 30

Grupo México, S.A.B. de C.V. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Grupo México, S.A.B. de C.V. ( BMV:GMEXICOB ) just released its latest annual results and things are looking bullish...
Narrative Update Jan 22

GMEXICO B: Future Returns Will Depend On Vulnerable Elevated Copper Prices

Analysts have adjusted their price target for Grupo México, highlighting a slightly higher fair value that is supported by modest tweaks to assumptions for discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: updated from MX$156.32 to MX$163.93, reflecting a small upward adjustment in the implied valuation range.
Analysis Article Jan 19

Is Now The Time To Put Grupo México. de (BMV:GMEXICOB) On Your Watchlist?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Narrative Update Jan 07

GMEXICO B: Future Returns Will Rely On Persistently Elevated Copper Prices

Analysts have lifted their price target on Grupo México to about MXN 156 from roughly MXN 150, reflecting updated views on fair value, revenue growth, profit margins, and expected P/E in light of recent research indicating stronger precious metal and copper pricing. Analyst Commentary Bullish Takeaways Bullish analysts see room for upside in the shares, with recent price targets in the MXN 150 to MXN 158 range, which they view as better aligned with current sector conditions.
Analysis Article Jan 03

These 4 Measures Indicate That Grupo México. de (BMV:GMEXICOB) Is Using Debt Reasonably Well

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Narrative Update Dec 16

GMEXICO B Will Face Pressure From Project Delays Despite Higher Copper Prices

The analyst price target for Grupo México has been raised to approximately MXN 83 from about MXN 76, as analysts factor in higher long term copper and precious metal price assumptions, along with improved revenue growth expectations, despite a more conservative profit margin outlook. Analyst Commentary Recent Street research on Grupo México reflects a more balanced, and in some cases cautious, reassessment of the company’s risk reward profile.
Narrative Update Dec 02

GMEXICO B: Future Performance Will Depend On High Copper Prices And Project Delays

The analyst price target for Grupo México has increased modestly from MXN 149.43 to MXN 150.01. Analysts cite strong copper prices and long-term earnings potential as supporting factors for this slightly higher valuation.
Narrative Update Nov 18

GMEXICO B: Future Performance Will Reflect Metal Prices And Project Challenges Ahead

The analyst price target for Grupo México increased modestly from MXN 149.46 to MXN 149.43. Analysts cited strong metals prices and supply disruptions, but tempered expectations due to valuation concerns and project delays.
Narrative Update Nov 03

GMEXICO B: Future Copper Prices And Project Delays Will Define Stock Outlook

Grupo México's analyst price target has been raised from MXN 143.83 to MXN 149.46, as analysts highlight improved commodity price outlooks along with adjusted revenue and profit margin expectations. Analyst Commentary Bullish Takeaways Bullish analysts have increased their price targets for Grupo México, reflecting optimistic expectations for strong commodity pricing, particularly in copper and gold.
Analysis Article Nov 01

Grupo México, S.A.B. de C.V. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Grupo México, S.A.B. de C.V. ( BMV:GMEXICOB ) defied analyst predictions to release its quarterly results, which were...
Narrative Update Oct 20

Expanding Renewable Energy Will Unlock Future Copper Production

The analyst price target for Grupo México has been raised from approximately MXN 134.64 to MXN 143.83. This change reflects improved outlooks driven by higher projected copper and gold prices, as well as moderately stronger revenue growth and profit margin expectations, according to analysts.
Analysis Article Oct 14

Calculating The Intrinsic Value Of Grupo México, S.A.B. de C.V. (BMV:GMEXICOB)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Grupo México. de fair value estimate is Mex$139 Current share...
Narrative Update Oct 05

Expanding Renewable Energy Will Unlock Future Copper Production

Analysts have revised their price target for Grupo México S.A.B. de C.V. upwards from MXN 130.60 to MXN 134.64. They cite updated revenue and margin forecasts, though they also note concerns over project delays and recent stock revaluation.
Analysis Article Sep 29

Here's Why We Think Grupo México. de (BMV:GMEXICOB) Might Deserve Your Attention Today

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Narrative Update Sep 20

Expanding Renewable Energy Will Unlock Future Copper Production

The slight downward revision in Grupo México's price target reflects marginal declines in both consensus revenue growth forecasts and future P/E, with fair value now set at MX$130.60. Valuation Changes Summary of Valuation Changes for Grupo México.
Narrative Update Sep 05

Expanding Renewable Energy Will Unlock Future Copper Production

Despite the consensus analyst price target for Grupo México, S.A.B. de C.V. remaining stable at MX$133.31, a sharp rise in the future P/E ratio suggests a significant deterioration in forward earnings expectations. Valuation Changes Summary of Valuation Changes for Grupo México.
Analysis Article Aug 31

There's Reason For Concern Over Grupo México, S.A.B. de C.V.'s (BMV:GMEXICOB) Price

With a median price-to-earnings (or "P/E") ratio of close to 12x in Mexico, you could be forgiven for feeling...
Analysis Article Aug 16

Grupo México. de's (BMV:GMEXICOB) Shareholders Will Receive A Bigger Dividend Than Last Year

Grupo México, S.A.B. de C.V.'s ( BMV:GMEXICOB ) dividend will be increasing from last year's payment of the same period...
Analysis Article Jul 28

These 4 Measures Indicate That Grupo México. de (BMV:GMEXICOB) Is Using Debt Safely

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jul 10

Grupo México. de (BMV:GMEXICOB) Knows How To Allocate Capital Effectively

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
Analysis Article Jun 22

Is Grupo México, S.A.B. de C.V. (BMV:GMEXICOB) Trading At A 47% Discount?

Key Insights Grupo México. de's estimated fair value is Mex$199 based on 2 Stage Free Cash Flow to Equity Grupo México...
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New Narrative Feb 09

Cost Controls And New Projects Will Strengthen Future Operations In The Copper Market

Long-term copper market strategy and new mining projects are expected to drive revenue growth and enhance shareholder value.

Shareholder Returns

GMEXICO BMX Metals and MiningMX Market
7D2.6%1.8%-0.6%
1Y93.1%95.6%14.9%

Return vs Industry: GMEXICO B underperformed the MX Metals and Mining industry which returned 95.6% over the past year.

Return vs Market: GMEXICO B exceeded the MX Market which returned 15.6% over the past year.

Price Volatility

Is GMEXICO B's price volatile compared to industry and market?
GMEXICO B volatility
GMEXICO B Average Weekly Movement6.2%
Metals and Mining Industry Average Movement6.2%
Market Average Movement3.9%
10% most volatile stocks in MX Market6.2%
10% least volatile stocks in MX Market2.7%

Stable Share Price: GMEXICO B's share price has been volatile over the past 3 months compared to the MX market.

Volatility Over Time: GMEXICO B's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of MX stocks.

About the Company

FoundedEmployeesCEOWebsite
189031,757German Larrea Mota-Velascowww.gmexico.com

Grupo México, S.A.B. de C.V. produces copper worldwide. It operates through Mining, Transportation, and Infrastructure divisions. The Mining division is involved in the operation of underground and open pit mines, smelters, refineries, and other plants.

Grupo México, S.A.B. de C.V. Fundamentals Summary

How do Grupo México. de's earnings and revenue compare to its market cap?
GMEXICO B fundamental statistics
Market capMex$1.60t
Earnings (TTM)Mex$97.88b
Revenue (TTM)Mex$337.80b
16.4x
P/E Ratio
4.7x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GMEXICO B income statement (TTM)
RevenueUS$19.55b
Cost of RevenueUS$9.50b
Gross ProfitUS$10.05b
Other ExpensesUS$4.39b
EarningsUS$5.66b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.73
Gross Margin51.42%
Net Profit Margin28.98%
Debt/Equity Ratio37.0%

How did GMEXICO B perform over the long term?

See historical performance and comparison

Dividends

2.6%
Current Dividend Yield
46%
Payout Ratio

Does GMEXICO B pay a reliable dividends?

See GMEXICO B dividend history and benchmarks
When do you need to buy GMEXICO B by to receive an upcoming dividend?
Grupo México. de dividend dates
Ex Dividend DateMay 29 2026
Dividend Pay DateJun 01 2026
Days until Ex dividend3 days
Days until Dividend pay date6 days

Does GMEXICO B pay a reliable dividends?

See GMEXICO B dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/26 07:48
End of Day Share Price 2026/05/25 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Grupo México, S.A.B. de C.V. is covered by 22 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Karla Beatriz PenaActinver Case de Bolsa, S.A. de C.V.
Leonardo CorreaBarclays
David RadclyffeBMO Capital Markets Equity Research